quote:

Originally posted by Lilith Interest rates I hate them

I'll be ready to buy in a year!

Up, baby, up!

(but not too high, because even then if prices are low, I won't be able to afford repayments)

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Mix archive | Melbourne club guide

quote:

Originally posted by Beat Blog I'll be ready to buy in a year! Up, baby, up! (but not too high, because even then if prices are low, I won't be able to afford repayments)

i hate to point out the obvious, but rising interest rates aren't doing anything to the price of housing.

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A recent revaluation on my properties put them anywhere between a +8.5 to 11.5% increase in value... in 12 months.
Its just that 'acquiring' a loan at this point in time is not hard, it's just the economic hari-kari in terms of interest later on down the track. For the majority, those house prices will hold steady or just go up, they aren't going down unless Krudd comes up with a magical plan to make a lot more houses, but I think he's been a bit distracted by abos, whales and uni reforms for now not to care.
Plus he can just blame it on the states
(I do.. stupid labor state governments, I hate them!)

Be patient, that's all I can say.
At some point the market will dip in the next 2 years from mortgage blowouts people can't afford and a recession... and that is when those of us with the readies make a killing

I hate myself sometimes, I'm such a naughty vulture

yeah, but you cant have it both ways! ie you cant expect to invest in something like property, with your 8%-11% growth and expect inflation and/or house prices to remain low.

if the rudd government does succeed in a magical plan, that's hardly good for those of us that want a capital gain. even if lots more houses were built, there's still a fair percentage of people that wouldnt want to live where they're built anyway.

its a nasty balancing act any way you look at it.

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quote:

Originally posted by pkcRAISTLIN i hate to point out the obvious, but rising interest rates aren't doing anything to the price of housing.

I disagree with you there.

Clearance rates in the past two weeks have dropped dramatically in Melbourne, and there's every indication that this will continue and the market will ease in the next 12 months.

It's not likely to "crash" per se, but simply ease, which is good for me, though I'd prefer a complete crash.

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Mix archive | Melbourne club guide

I hate being sick and having to go to the doctors

quote:

Originally posted by Beat Blog I disagree with you there. Clearance rates in the past two weeks have dropped dramatically in Melbourne, and there's every indication that this will continue and the market will ease in the next 12 months. It's not likely to "crash" per se, but simply ease, which is good for me, though I'd prefer a complete crash.

anomalies are not a trend. housing prices never go down, unless you count the bargains to be had by a forced sell. the interest rates might slow purchases, levelling out the rise in prices, but they certainly won't bring prices down.

house prices in hobart are continuing to rise.

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I hate celery.


And I hate that beetroot is now 60c extra at subway. W T F.

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quote:

Originally posted by gumble And I hate that beetroot is now 60c extra at subway. W T F.

there is a fancy fillings opening in adelaide soon hehe

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new set online, Summer Journeys

quote:

Originally posted by pkcRAISTLIN anomalies are not a trend. housing prices never go down, unless you count the bargains to be had by a forced sell. the interest rates might slow purchases, levelling out the rise in prices, but they certainly won't bring prices down. house prices in hobart are continuing to rise.

Never go down? My parents' properties dropped 60% in value in the 90's crash.

I get what you're saying though, in that property rarely goes backwards, only under extenuating circumstances (i.e the whole economy dying in the arse), and I agree.

However, relative to the economy, house rates are very high right now, and when talking about a "crash", I'm not talking about properties actually "losing" value, I'm talking about their price equivalent to the current economy lessening slightly.

I'm glad I didn't have to live through 17% interest rates in the 80's. Ergh, what's the point in even trying to buy when they're that high?

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Mix archive | Melbourne club guide

Last edited by Domesticated on Mar-16-2008 at 10:50

The grand prix ran out of water today.

How the hell does a major event run out of water!?!?!?!??!

Fuck, needed it today too, bloody boiling. Thought Melbourne was meant to be colder than Adelaide!




But Nico came third, so all is forgiven

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**Man I'm Pretty**

Last edited by Trance Nutter on Mar-16-2008 at 13:16

quote:

Originally posted by Trance Nutter The grand prix ran out of water today. How the hell does a major event run out of water!?!?!?!??! Fuck, needed it today too, bloody boiling. Thought Melbourne was meant to be colder than Adelaide! But Nico came third, so all is forgiven

haha damn
they ran out of water at future music festival too

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new set online, Summer Journeys