Just a thought, nothing too serious, thought Id make a poll of it 
Who thinks property prices will fall in the coming months
- Thread starter want2bewealthy
- Start date
Youre absolutely right Alex, The poll is more for me because Ill be purchasing again soon.
Way too general a question. There's so many different markets.
Q. Perth, Darwin, Adelaide, Melbourne, Brisbane, Sydney, Newcastle, Bendigo?
A. Melbourne.
Q. OK, then which market, inner city apartments, inner ring houses, outer suburb houses?
A. Outer suburbs houses.
Q. East, West, North?
A. East.
Q. Old houses with development potential, ones without development potential, young houses, land packages?
Q. Perth, Darwin, Adelaide, Melbourne, Brisbane, Sydney, Newcastle, Bendigo?
A. Melbourne.
Q. OK, then which market, inner city apartments, inner ring houses, outer suburb houses?
A. Outer suburbs houses.
Q. East, West, North?
A. East.
Q. Old houses with development potential, ones without development potential, young houses, land packages?
Spot on! That's why I didn't vote...
Your results are not going to be of any use. Better to ask "Who thinks property prices will fall in Melbourne inner city units? (if Melbourne inner city units are your target area)
I voted for a steady increase, but I agree with others in that some suburbs will fall a bit, but most will continue to go up. The overall trend will continue to be upwards though.
Unemployment continues to go down and the economy is powering along. That, and a chronic supply issue is hard to argue with.
Unemployment continues to go down and the economy is powering along. That, and a chronic supply issue is hard to argue with.
Don't take it too seriously. That's why it's an opinion poll. It's simply an opinion in general.
Mostly I think prices will stagnate for a few months maybe even a coupla years. I think some prices will fall, there are lots of overpriced properties around, and you'll see reductions there.... and some desperate owners will sell under market to get out.
Mostly I think prices will stagnate for a few months maybe even a coupla years. I think some prices will fall, there are lots of overpriced properties around, and you'll see reductions there.... and some desperate owners will sell under market to get out.
I would say yes. As much as i want to believe in the short term things will improve.You have to look at the facts.There are tough times ahead for those who are unprepared or skating close to the edge already. Many will still be fine though and better times will return eventually.
My area has been flat for 5 years with little room for prices to drop much more on better properties. Blocks of land that went for $160,000 or more 4 years ago are now around $100,000 and likely to drop more. Some good buys starting to appear.
My area has been flat for 5 years with little room for prices to drop much more on better properties. Blocks of land that went for $160,000 or more 4 years ago are now around $100,000 and likely to drop more. Some good buys starting to appear.
It's difficult to even measure prices over only a few months.
Hi want2bewealthy,
I couldn't tell you with any certainty whether property in my area would be worth any more in 3 months than it is worth now.
All I know is, Australia provides clean air, clean food, economic prosperity and political stability...hell, come to Perth and you also get the best blokes!!
People are beating down our door to come hear.....
The demand is insatiable, and until the supply (via trained apprentices) meets the demand, I cannot see the replacement value of current housing in my area falling.
.....ALL OF THE ABOVE IS MY VERY BIASED OPINION.....
Glenn
I couldn't tell you with any certainty whether property in my area would be worth any more in 3 months than it is worth now.
All I know is, Australia provides clean air, clean food, economic prosperity and political stability...hell, come to Perth and you also get the best blokes!!
People are beating down our door to come hear.....
The demand is insatiable, and until the supply (via trained apprentices) meets the demand, I cannot see the replacement value of current housing in my area falling.
.....ALL OF THE ABOVE IS MY VERY BIASED OPINION.....
Glenn
hi want2bewealthy
you are not asking how long is a piece of sting but also how thick and also if possible what colour.
do I think price will move the answer is yes.
the next question is where.
now thats a bit more difficult.
price not only will fall in the comming months they fell some where today.
but also some where price went up also.
I am not a betting man but I would take the bet that somewhere in australia a property went down today.
you are not asking how long is a piece of sting but also how thick and also if possible what colour.
do I think price will move the answer is yes.
the next question is where.
now thats a bit more difficult.
price not only will fall in the comming months they fell some where today.
but also some where price went up also.
I am not a betting man but I would take the bet that somewhere in australia a property went down today.
an environment of rising interest rates along with a falling share market and recessionary fears = nothing good for property in the next few months.
as for WILL it fall? well Mandurah is already off about 25% in the last 6 months. West Perth offices are up about 100%. If Perth prices - very generally - fall it will mean the resources boom has gone belly up, meaning the whole country will well and truly be in a pickle. Thankfully the RBA and leading economists believe the resources boom will insulate us quite nicely - but that was just todays headlines.
reduce debt, prepare for the worst, hope for the best....
as for WILL it fall? well Mandurah is already off about 25% in the last 6 months. West Perth offices are up about 100%. If Perth prices - very generally - fall it will mean the resources boom has gone belly up, meaning the whole country will well and truly be in a pickle. Thankfully the RBA and leading economists believe the resources boom will insulate us quite nicely - but that was just todays headlines.
reduce debt, prepare for the worst, hope for the best....
hi ausprop
or increase debt, store cash in higher income producing assetts and increase buffer.
perth office space if flying
get in
lock in the leases 5 x 5
refinance while comm finance is available and one of the only still relatively easy finance but still getting harder
draw out cash and add to buffer.
sound familiar
and yes hope for the best not sure if hope will be enough
or increase debt, store cash in higher income producing assetts and increase buffer.
perth office space if flying
get in
lock in the leases 5 x 5
refinance while comm finance is available and one of the only still relatively easy finance but still getting harder
draw out cash and add to buffer.
sound familiar
and yes hope for the best not sure if hope will be enough
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