How much it cost to buy house in australia - Page 2

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How much it cost to buy house in australia - Page 2


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Old 06-14-2017, 05:56 AM
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Quote:
Originally Posted by JandE View Post
That's exactly the same advice that was being given in 2003-2005 on many property forums.
That does not make it incorrect.


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Old 06-14-2017, 06:14 AM
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Originally Posted by modifiedalpha View Post
That does not make it incorrect.
Only the past can be said to be correct. It happened, therefore it is.
However those who said the bottom would fall out in 2003, are still waiting, and were incorrect at that time.

But, no one knows the future, we just have educated guesses. Some right, some wrong.

There are too many people, with too much money, who want the best properties in Australia, and until they decide to cut back, then the prices for the better properties will stay high.

It's supply and demand.

Those who can't afford the best areas, can always buy the cheaper properties.

There are different areas of Australia, many rising at the same rates as income, a few rising with the excess of money being poured in.

A UK friend once asked why average houses in Australia are 3 times the price of UK. I wasn't sure of the accuracy of that, but I did answer that they were 3 times as big, which is accurate.

Maybe time to build small houses, that should bring the median price down, at last


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Old 03-28-2018, 01:35 PM
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Any ideas for perth, wa?


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Old 07-27-2018, 08:50 AM
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Please update your flag here .

Really depends on which suburb you plan to live, your budget and what sort of property are you looking at.


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Old 08-04-2018, 11:43 AM
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Quote:
Originally Posted by modifiedalpha View Post
The reality is Australian property prices are in a bubble, the exact same as before the Global Financial Crash/Crisis around 2008. It will eventually pop here too in the not so distant future and anyone buying houses will see the paper worth drop 50% or more. Then you won't be able to sell your house for years and years until the market recovers, which it is starting to do in the US but not in Europe. I'd save your money, hold out for a few years, wait for the inevitable crash to hit, and buy a house for half the price.
The only places that will see property prices dropping will be mining towns where the mines have closed or closing. If anyone thinks the larger cities near the coast will see a price drop, they are in for disappointment.


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Old 09-14-2018, 04:30 PM
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Prices are dropping now. Much like my home town (Vancouver), housing prices in major cities has more to do with international money - mostly coming out of China - than local economy.


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Old 09-15-2018, 01:11 AM
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Originally Posted by Canaus View Post
Prices are dropping now. Much like my home town (Vancouver), housing prices in major cities has more to do with international money - mostly coming out of China - than local economy.
I agree with that in some areas, the expensive locations, but not everywhere.

Many parts of Australia are still rising..

QUEENSLAND’S housing market is tipped to lead the country for capital growth in the next two years while prices in NSW and Victoria continue to slide, according to a survey of hundreds of property professionals.

An example of the slow down, or drop, in price rises:

Brisbane prices have remained weak over the last 12 months. At 4.8 per cent, this has been the weakest result for the capital city since 2013.

Regional Queensland performed slightly better at 5.2 per cent, but it’s still a stark difference from last year’s 9.2 per cent. This has also been the weakest result for the area since 2012.

Property market update: Brisbane, August 2018


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Old 09-15-2018, 01:33 PM
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Quote:
Originally Posted by Mattiascarlosjuan1 View Post
Any ideas for perth, wa?
https://www.domain.com.au/sale/perth...ffer=1&ssubs=1

Perth has come down a lot since the mining bust, the further out of the city you go the cheaper it gets, Perth is small so even out of town is still reasonabley close.


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