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24-06-2022, 10:14 PM | #2011 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,750
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Just looked at G-Town, the only studio is on Ryrie 1.3m lol
1br was lowest ask 230s, then quickly went up into 400s within first few listings 2br that isn't a caravan park or retirement living starts at 330, gets to 370-400 in a blip wow, Sydney seems like value!
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24-06-2022, 10:41 PM | #2012 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
When using Realestate.com you can't search the entire Sydney area, it breaks it down into districts. I guess you can use the search by map function to bypass that problem?
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24-06-2022, 10:47 PM | #2013 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Assumed, sorry. Best of luck. With the way clearance rates have plummeted, you're bound to grab a bargain.
Supply-side inflation. A lot of us aren't passing on the full cost of that inflation because we still have to compete. That erodes margins. |
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24-06-2022, 10:49 PM | #2014 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
I guess Sydney being such a big place with a variety of 'areas' will allow for larger variations in prices.
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25-06-2022, 12:17 PM | #2015 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,270
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Quote:
https://www.realestate.com.au/proper...imur-139299551
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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26-06-2022, 10:52 AM | #2016 | |||
Regular...with metamusal
Join Date: Oct 2009
Location: Geeeloong
Posts: 6,570
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Quote:
believe i drove past that place ... maybe 15 odd years ago?. wonder if i still have the pics??. |
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26-06-2022, 11:48 AM | #2017 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,270
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Might have turned to dust since the RE pics were taken, does mention a slight white ant problem.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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26-06-2022, 12:19 PM | #2018 | ||
WT GT
Join Date: Jan 2006
Location: The GSS
Posts: 17,773
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The neighbors have a good bit of gear that I'd like to fossick through!
https://www.google.com.au/maps/@-36....7i13312!8i6656 |
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26-06-2022, 12:23 PM | #2019 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,270
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Quote:
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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27-06-2022, 10:53 PM | #2020 | ||
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Posts: 2,886
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Some say the aussie bubble is a mirror of the japanese bubble in the 1990's...
Japan still hasn't recovered. This is gunna be fun...ANZ lifted rates by 0.9% last week...the promise of things to come. I certainly hope so, because so many rocket scientists need an attitude correction.
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28-06-2022, 08:04 AM | #2021 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,606
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Current up to date Housing prices June to date,June Qtr to date :Sydney:-1.5% -2.7%.Melbourne:-1.0% -1.7%.Brisbane: 0.2% 2.7%.Adelaide:1.2% 5.0%.Perth:0.3% 2.0%. 5 Cities -0.8% 0.9%.Adelaide I find hard to believe, because prices are coming slowly off the boil.Otherwise these figures are pretty good.
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28-06-2022, 08:20 AM | #2022 | |||
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Location: Ivory Tower
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Quote:
Plenty of bargains to be picked up in the next 18-24 months imo.
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28-06-2022, 08:25 AM | #2023 | |||
FF.Com.Au Hardcore
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Quote:
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28-06-2022, 08:40 AM | #2024 | |||
FF.Com.Au Hardcore
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Quote:
https://twitter.com/solo_dio_/status...CjlkWVGFs_w3wA
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2021 BMW M550i in Black Sapphire Metallic.
11.52 @ 120mph stock |
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28-06-2022, 08:45 AM | #2025 | |||
FF.Com.Au Hardcore
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Quote:
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28-06-2022, 10:21 AM | #2026 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Quote:
Most balanced views on the internet IMHO. I wonder how long it will take some people to figure out that the RBA rate is just a base rate...the banks have always had rates rise out of cycle with the RBA...0.9%...wow...didn't even get a whimper on the main stream media. .
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28-06-2022, 04:19 PM | #2027 | ||||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,918
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One thing about Australia, we have a bucket loads of rules and regulations. Hopefully some of those will prove useful when times get tough. I recall when APRA raised the alarm on lending approaching or hitting 1:6 on income to loan ratio, the banks started to tighten their lending criteria. Possible dangers are those "low doc" loans that some banks were dishing out a while ago. That could come back and bite hard, or the "liar loans". I highly doubt RBA will make decisions that will cause a rout in the market, its not what they were designed to do. Any potential crash will likely be caused by something out of the left field, an event that we haven't even discussed yet.
Doom and gloom. What a great time for first home buyers, if they don't get caught up in the doom and gloom themselves. Quote:
Quote:
So, what was the gist of what was said? Whats the prediction?
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28-06-2022, 06:55 PM | #2028 | |||
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Quote:
Go here and find DFA predictions first hand. https://www.youtube.com/channel/UCKW...FTD1KHsmow4-bQ
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28-06-2022, 08:10 PM | #2029 | |||
Where to next??
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Location: Sydney
Posts: 8,893
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Quote:
Will see what happens in the next few months. NZ RE is really going down in value, I believe they are a bit ahead of us with rate rises but I think it's a good indication of where we are headed.
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28-06-2022, 08:46 PM | #2030 | |||
FF.Com.Au Hardcore
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Location: Geelong
Posts: 1,094
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Quote:
https://youtube.com/c/IntheInterestsofthePeople |
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29-06-2022, 08:08 PM | #2031 | |||
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Quote:
yeah, agreed...they did some excellent work with the cash ban legislation, and they explain how the 250k banking guarantee is a complete lie as well.
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29-06-2022, 08:48 PM | #2032 | ||
FF.Com.Au Hardcore
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Location: Melbourne
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Really glad YT has the double speed function.
Do these vids tell us how to make our next fortune? Or is it just all doom and gloom?
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01-07-2022, 08:41 AM | #2033 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 22,356
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After observing a general lack of deep commitment (retail structures, civil works, infrastructure upgrades) barely 150km out of greater Sydney I believe the “moving to the regions” thing was just a faddish phase of grown-ups playing cubbyhouses. “Land for sale” is really only indicative of speculation, and you can still see a good bit of that.
So I do expect Sydney house prices to rebound, once people admit it’s often a charade to move away. |
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01-07-2022, 09:48 AM | #2034 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Japan's population growth rate has been in decline since the 50s, and the population has actually been in decline for the last 10 years and is projected to continue to do so. So the demand for housing is falling, unlike here.
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01-07-2022, 09:55 AM | #2035 | ||
FF.Com.Au Hardcore
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01-07-2022, 10:23 AM | #2036 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
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01-07-2022, 05:50 PM | #2037 | ||
BANNED
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Oh..oh...dear...
Without any connection to the RBA rate... CBA has raised it's fixed mortgage rate by....1.14% Taking it to 5.14% Now things are getting interesting.....
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01-07-2022, 05:51 PM | #2038 | |||
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Quote:
If you consider factual reporting as doom and gloom then I guess the answer is yes to that question. As for someone giving you the recipe for making a fortune I hear housing is the go...doubles every 7 years...true..trust me.
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01-07-2022, 10:39 PM | #2039 | ||
FF.Com.Au Hardcore
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Location: Canberra
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CBA have jacked up fixed rates by 1.4% in one whack!
It occurred to me is how do you get a real read on interest rates and effect? The RBA will almost certainly raise rates on Tuesday. The ABS usually report CPI quarterly, but we will have interest rates rises every month for a while yet. So now the ABS are trying to move to a monthly cut down bundle of goods instead of quarterly which is good. You don't want to go to hard with rate rises, but you don't want to be soft at the same time so monthly reports is more useful than quarterly. |
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02-07-2022, 07:46 PM | #2040 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,750
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Yeah 1.4%, wow.
Pretty soon stuff has to be breaking, but it's hard to see in places as prices keep rising in the energy/food areas most noticeably - which would suggest more rate hikes needed to stop demand - or a domestic gas reservation on the east coast ha! People asking where to get rich, lettuces could be the vehicle. The snails keep getting mine however. Car forum - I reckon driving around g-town it's quieter over most times of the day, non rush hour. Compared to 2019 which was totally manic. Is that the demand destruction at work from $2+ fuel? The lack of international students/immigration/Australia as a tourist theme-park? Just my timing? At any rate, the driving has been so much nicer
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