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I'm sure there would be a fair few vendors in Brisbane and Perth that would suggest otherwise.Good, well located properties don't fall in price.
There’s no sugar-coating it – Australian house prices are high, but affordability has increased over the past year thanks to flat property prices and wages growth. Recent research from Rismark shows the average dwelling price-to-disposable household income ratio has fallen from a peak of 4.7 times in December 2009 to 4.2 times in the 2011 March quarter.
Recent research from Rismark shows the average dwelling price-to-disposable household income ratio has fallen from a peak of 4.7 times in December 2009 to 4.2 times in the 2011 March quarter.
Then this would suggest that there is a serious disconnect between reality and many people's perception!
Now, if affordability has actually improved but we all genuinely believe the opposite.....
Good, well located properties don't fall in price. That's the main element of Yardley's article. Can't agree more with that
Then why were the prime top-end well located, highly desirable beach-side properties the ones that fell hardest in 2008, before the government stepped in with stimulus and the lowest interest rates in Australian history to get the ball rolling again?
That very slight improvement in affordability over the past 16 months is nothing compared to the continual worsening of affordability that occurred over the preceding 20 years!
Of course affordability improved a little bit since December 2009. That's more or less when the bubble peaked and house prices stopped going up.
Now the national median house price is falling.
Now the national median house price is falling.
Then why were the prime top-end well located, highly desirable beach-side properties the ones that fell hardest in 2008, before the government stepped in with stimulus and the lowest interest rates in Australian history to get the ball rolling again?
If it weren't so humorous I'd be crying!
Aaron mentioned good Tony. To most, "prime" is not necessarily the beach front property. Its the ones that are close to good schools, amenities, transport and other all round facilities
What could cause a property market collapse?
A depression or a severe recession – no one is suggesting this is likely in the near future, with the mother of all mining booms buoying up our economy.
Ah, so the definition of prime, is anything that didn't fall in value.
If it fell in value, it can't have been prime.
So the original statement 'Good, well located properties don't fall in price.'
Just means properties that don't fall in price don't fall in price.
Nice tautology.
My friend, you are in the wrong forum, despite the fact that you have already racked up more posts than me in your short visit.
1.Robust population growth fuelled by immigration and to a lesser extent strong natural population growth. Although immigration levels have dropped, we’re still growing at a faster rate than any other country in the developed world.
Ah, so the definition of prime, is anything that didn't fall in value.
If it fell in value, it can't have been prime.
So the original statement 'Good, well located properties don't fall in price.'
Just means properties that don't fall in price don't fall in price.
Nice tautology.