Australian Politics Forum - House Prices on the move... UP!

longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	House Prices on the move... UP! Feb 12^th, 2013 at 9:53am http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0 despite the regular prognosticators or doom, gloom and housing crashes, the market has recovered from its small slump and is back onthe move - UP. It is also worth noting that the ABS stats mirror very closely those of the Real Estate Insitiute which are so often maligned on here.
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Bobby. Gold Member Online Australian Politics Posts: 104693 Melbourne Gender:	Re: House Prices on the move... UP! Reply #1 - Feb 12^th, 2013 at 9:54am Hi Longy - how come you're no longer gold_medal? You have been forgiven: http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/114#114
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aquascoot

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Re: House Prices on the move... UP!
Reply #2 - Feb 12^th, 2013 at 10:11am

that does surprise me.
there is obviously some pent up demand
i cant see the market really booming but i cant see it crashing either.
i would think given population growth from migration, and high rentals it will slowly stagger around.
could get a boost if the reserve keep driving interest rates through the floor.

i imagine there is a variation between the states as well.

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Carl D

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Re: House Prices on the move... UP!
Reply #3 - Feb 12^th, 2013 at 10:15am

lol@ bobby.

Why is it good news that house prices are on the way up again?

What about the people who just want a place to live? A roof over their heads for their families?

Increasing house prices usually means rents will be on the way up again which means more and more people won't be able to afford to buy or rent which means more people will be forced to live with family or friends (or on the streets or in cars, etc.).

It also puts more pressure on public housing waiting lists as more and more people apply (good luck with that one, unless you're prepared to wait 10-20 years).

The only people who benefit from increasing house prices are sellers, real estate agents and banks (oh, and the Government of course).

It's a sad indictment of today's society when GREED rules and all that matters to some people is making more and more money on something which should be a basic human right (shelter) and too bad if people have to live on the streets.

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Sir lastnail

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Re: House Prices on the move... UP!
Reply #4 - Feb 12^th, 2013 at 10:18am

longweekend58 wrote on Feb 12^th, 2013 at 9:53am:

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0

despite the regular prognosticators or doom, gloom and housing crashes, the market has recovered from its small slump and is back onthe move - UP.

It is also worth noting that the ABS stats mirror very closely those of the Real Estate Insitiute which are so often maligned on here.

Bubble bubble toil of trouble !!

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this Grin

and who's buying anyway ? the average battler can't afford their overpriced rubbish.

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longweekend58

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Re: House Prices on the move... UP!
Reply #5 - Feb 12^th, 2013 at 10:22am

Carl D wrote on Feb 12^th, 2013 at 10:15am:

lol@ bobby.

Why is it good news that house prices are on the way up again?

What about the people who just want a place to live? A roof over their heads for their families?

Increasing house prices usually means rents will be on the way up again which means more and more people won't be able to afford to buy or rent which means more people will be forced to live with family or friends (or on the streets or in cars, etc.).

It also puts more pressure on public housing waiting lists as more and more people apply (good luck with that one, unless you're prepared to wait 10-20 years).

The only people who benefit from increasing house prices are sellers, real estate agents and banks (oh, and the Government of course).

It's a sad indictment of today's society when GREED rules and all that matters to some people is making more and more money on something which should be a basic human right (shelter) and too bad if people have to live on the streets.

I didnt say anything about it being 'good'. I was merely rebuffing the array of idiots that have been predicting a massice price crash which WOULD be bad. What isnt stated in the article very clearly is that prices are expected to be no more than CPI or possibly less so that mean that affordability doesnt get worse. THAT is good news.

BTW Shelter is a basic human right. But 'shelter' is not a govt-subsidised or free 4BR home in a nice suburb. That is housing - a different concept.

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Carl D Gold Member Online Australian Politics Posts: 9493 Rivervale, Perth Gender:	Re: House Prices on the move... UP! Reply #6 - Feb 12^th, 2013 at 10:23am Quote: You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this Maybe it's the new season of 'The Block' on Channel 9 that's creating all the excitement?
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Sir lastnail

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Re: House Prices on the move... UP!
Reply #7 - Feb 12^th, 2013 at 10:28am

longweekend58 wrote on Feb 12^th, 2013 at 10:22am:

Carl D wrote on Feb 12^th, 2013 at 10:15am:

lol@ bobby.

Why is it good news that house prices are on the way up again?

What about the people who just want a place to live? A roof over their heads for their families?

Increasing house prices usually means rents will be on the way up again which means more and more people won't be able to afford to buy or rent which means more people will be forced to live with family or friends (or on the streets or in cars, etc.).

It also puts more pressure on public housing waiting lists as more and more people apply (good luck with that one, unless you're prepared to wait 10-20 years).

The only people who benefit from increasing house prices are sellers, real estate agents and banks (oh, and the Government of course).

It's a sad indictment of today's society when GREED rules and all that matters to some people is making more and more money on something which should be a basic human right (shelter) and too bad if people have to live on the streets.

I didnt say anything about it being 'good'. I was merely rebuffing the array of idiots that have been predicting a massice price crash which WOULD be bad. What isnt stated in the article very clearly is that prices are expected to be no more than CPI or possibly less so that mean that affordability doesnt get worse. THAT is good news.

BTW Shelter is a basic human right. But 'shelter' is not a govt-subsidised or free 4BR home in a nice suburb. That is housing - a different concept.

so why didn't you buy f.ckstick when you were telling everyone else too ? Surely if the road to riches is just about flipping properties to each other at ever increasing prices then what is your excuse ? Why do you run a business when you can just make easy money flipping properties and like you keep saying house prices only go up in australia don't they ? Grin

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Sir lastnail

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Re: House Prices on the move... UP!
Reply #8 - Feb 12^th, 2013 at 10:33am

Carl D wrote on Feb 12^th, 2013 at 10:15am:

lol@ bobby.

Why is it good news that house prices are on the way up again?

What about the people who just want a place to live? A roof over their heads for their families?

Increasing house prices usually means rents will be on the way up again which means more and more people won't be able to afford to buy or rent which means more people will be forced to live with family or friends (or on the streets or in cars, etc.).

It also puts more pressure on public housing waiting lists as more and more people apply (good luck with that one, unless you're prepared to wait 10-20 years).

The only people who benefit from increasing house prices are sellers, real estate agents and banks (oh, and the Government of course).

It's a sad indictment of today's society when GREED rules and all that matters to some people is making more and more money on something which should be a basic human right (shelter) and too bad if people have to live on the streets.

to a selfish christian such as longloser it's always good news when the majority of society get ripped off especially on a necessity of life such as a roof over you head. what does that say about the dude ?

He'd rather feel good about the so called value of his house rising rather than to see other people being able to live in one Sad

Selfish bastard !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Carl D

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Re: House Prices on the move... UP!
Reply #9 - Feb 12^th, 2013 at 10:36am

Well, Longy. You'll have to excuse me but I do have a personal axe to grind here.

In December 2008, my 80 year old aunt and I (I was 51 at the time) were private renting (at $215 a week).

We had a call from the landlord saying he was going to increase the rent to $300-$350 a week.

The reason? A scumbag real estate agent was trying to get him to sell (again) and when he said "no", the estate agent asked how much rent he was getting and when the landlord said "$215 a week" the agent said "Oh, you should be getting a lot more than that" (because every other landlord in the area was, apparently).

And, by the way... the place had been paid off for years.

We managed to get the landlord to settle for $300 a week but the message basically was: "If you can't pay it then you're out on the street". Nice. Especially for an 80 year old lady.

We applied for public housing the next day and, fortunately, we only had to wait two and a half years (got it in mid 2011). Fortunate because the landlord was about to sell the place anyway (because his 'financial advisor' advised him to). And, the rent was still $300 a week when we moved out but he was planning to increase it to $400+ if he hadn't sold.

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« Last Edit: Feb 12^th, 2013 at 10:43am by Carl D »

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Carl D Gold Member Online Australian Politics Posts: 9493 Rivervale, Perth Gender:	Re: House Prices on the move... UP! Reply #10 - Feb 12^th, 2013 at 10:38am Hi, nail. We may have to start another forgiveness thread for Longy if he keeps this up.
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Sir lastnail

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Re: House Prices on the move... UP!
Reply #11 - Feb 12^th, 2013 at 10:42am

Carl D wrote on Feb 12^th, 2013 at 10:23am:

Quote:

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this

Maybe it's the new season of 'The Block' on Channel 9 that's creating all the excitement? Grin

No there is a more sinister force at play here. When I was in Malaysia recently there were adverts wanting people to migrate to australia and buy property. Most poor malayans could not afford that so they were obviously aiming it at the rich chinese.

You see this labor government is slowly selling out australians just so it can keep a floor under house prices so they won't collapse. That means many people who have lived here all of their life will never be able to afford to live in their own home in their own country. This is what labor has been doing in the background. They have been medaling with the housing market ever since the GFC and labor wonders why it is going to get booted out at the next election by the very people that have voted for them for years !!

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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Bobby. Gold Member Online Australian Politics Posts: 104693 Melbourne Gender:	Re: House Prices on the move... UP! Reply #12 - Feb 12^th, 2013 at 10:45am Carl D wrote on Feb 12^th, 2013 at 10:38am: Hi, nail. We may have to start another forgiveness thread for Longy if he keeps this up. Include your forgiveness prayers for Longy on this thread: http://www.ozpolitic.com/forum/YaBB.pl?num=1356646946/114#114
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longweekend58

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Re: House Prices on the move... UP!
Reply #13 - Feb 12^th, 2013 at 10:46am

Sir lastnail wrote on Feb 12^th, 2013 at 10:18am:

longweekend58 wrote on Feb 12^th, 2013 at 9:53am:

http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0

despite the regular prognosticators or doom, gloom and housing crashes, the market has recovered from its small slump and is back onthe move - UP.

It is also worth noting that the ABS stats mirror very closely those of the Real Estate Insitiute which are so often maligned on here.

Bubble bubble toil of trouble !!

You know they are in trouble when the scumbag real estate institute have to go on national news to spruik up their auctions. If it's going so well why do they have to do this Grin

and who's buying anyway ? the average battler can't afford their overpriced rubbish.

you cant read, can you? the ABS say that the prices are going up and thet they are selling...

this is usually where you find a few examples that arent selling or losing price while ignoring everyone else.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sir lastnail

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Re: House Prices on the move... UP!
Reply #14 - Feb 12^th, 2013 at 10:48am

Carl D wrote on Feb 12^th, 2013 at 10:36am:

Well, Longy. You'll have to excuse me but I do have a personal axe to grind here.

In December 2008, my 80 year old aunt and I (I was 51 at the time) were private renting (at $215 a week).

We had a call from the landlord saying he was going to increase the rent to $300-$350 a week.

The reason? A scumbag real estate agent was trying to get him to sell (again) and when he said "no", the estate agent asked how much rent he was getting and when the landlord said "$215 a week" the agent said "Oh, you should be getting a lot more than that" (because every other landlord in the area was, apparently).

And, by the way... the place had been paid off for years.

We managed to get the landlord to settle for $300 a week but the message basically was: "If you can't pay it then you're out on the street". Nice. Especially for an 80 year old lady.

We applied for public housing the next day and, fortunately, we only had to wait two and a half years (got it in mid 2011). Fortunate because the landlord was about to sell the place anyway (because his 'financial advisor' advised him to). And, the rent was still $300 a week when we moved out but he was planning to increase it to $400+ if he hadn't sold.

And then they tell us that all of this corporate welfare in the form of negative gearing tax concessions on property creates lots of low cost rental property for the benefits of renters when the main priority is some scumbag making a quick buck flipping properties. Go figure !!

And when Ken Henry told labor to ditch negative gearing on properties which would contribute an extra 4-5 billion in uncollected taxes labor didn't blink an eye !!

Who really are the corporate criminals here ?

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In August 2021, Newcastle Coroner Karen Dilks recorded that Lisa Shaw had died “due to complications of an AstraZeneca COVID vaccination”.

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