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Australia's Housing Market Sucks
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ZiNgA BuRgA
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Australia's Housing Market Sucks
Especially considering the crazy amount of prices going up now.  I am wondering how the hell I'm supposed to get a house when I move out...

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24/12/2009 04:19 AM
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Starfox444
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RE: Australia's Housing Market Sucks
It's great when you are looking to sell :D
24/12/2009 06:45 AM
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SchmilK
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RE: Australia's Housing Market Sucks
America is a terrible place to be selling...great for buying.

Tons of bank owned properties for sale dirt cheap.  But the development that I bought my house in which is new construction sold 0 houses in 2009 and still has room for 50 more to build!  They hae a townhouse develoebt also with 3 building and 6 "houses" per building with 0 people living on them!

I don't understand that graph but I wish you luck!  Start pocketing the proffits of ep and get a good down payment :P

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24/12/2009 07:16 AM
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feinicks
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RE: Australia's Housing Market Sucks
Searching for a place is... very unforgiving... but I guess worth it.

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24/12/2009 01:02 PM
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WoobiE
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RE: Australia's Housing Market Sucks
Hey Zinga Burga, are you an Aussie?
24/12/2009 02:25 PM
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trademark91
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RE: Australia's Housing Market Sucks
yeah, its exactly the opposite here. good for buying, bad for selling.

you could move to america lol

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24/12/2009 02:49 PM
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ZiNgA BuRgA
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RE: Australia's Housing Market Sucks
Only good for selling if you think prices are going to come down.  If you expect it to continue to rise at a good enough rate, I see little reason why selling is good.
This is mainly for a house you live in, not investment property (sorry, should have clarified that).  So unless you like moving, selling is probably not a good option (since you're going to have to buy around the same time anyway), or you feel like renting or whatever.

Can imagine housing in the US to be rather interesting right now.
28/12/2009 12:40 AM
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Joom
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RE: Australia's Housing Market Sucks
WoobiE Wrote:Hey Zinga Burga, are you an Aussie?

Yes....

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28/12/2009 12:49 AM
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WoobiE
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RE: Australia's Housing Market Sucks
Oh, I never knew. I'm also Aussie.
Yeah, the prices are crazy. There was recent news that it was because a lot of international people coming over and just buying out the properties and leaving them empty for years without tenants. When I say recent I'm referring to like 10 to 20 years ago and probably more.
28/12/2009 02:17 AM
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ZiNgA BuRgA
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Post: #10
RE: Australia's Housing Market Sucks
Why not?  With prices rising as they are, it's good investment...

Yeah, did get on the news a few days back - especially the debt thing, with 90% of personal debt being mortgages...
28/12/2009 03:14 AM
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