House prices to rise next financial year (oz)

[Bobcat]

Originally Posted by michael_byriel

Um I know there has been a bit of a drop but I've been experiencing record sales...our Area in Redcliffe Highly sort after!!!

Good on ya.................... pleased to hear someone in our profession is doing okay.

It's been all doom and gloom over here in the West for ages now .............. no one turning up at Home-Opens ................ and the phone not ringing unless it's some poxy telemarketer wanting to sell us insulation cos they happen to be in the area!!#$%&
Quite a few agents have just had enough............... the market is so bad they have just closed their doors and upped and went.

It's been so long since I experienced record sales I've forgot what they are. It's ages since I picked up a 30 grand tip on top of my 30 grand fee for selling 'El Dumpo' down in Trigg.............. roll on the good times once more.

It's still a brilliant career we have though eh? I wouldn't swap it for anything else.

I'm looking for sales staff at the moment here in Perth..................... but not really finding any takers. I think there are more people getting out of the industry here in the west than newcomers entering the fray!

Johnno

[tony byrne]

hi michael my names tony just wondering what the housing situation on the gold coast is like at the moment. planning on moving out there in january if all goes well. thanks for any info

[Sergio Lopez]

Melbourne's inner city apartment market is still strong. We have not had any problem achieving 100% or above 95% pre-sales on off the plan properties (before construction starts). The greatest demand price ranges: $350 - $400k and surprisingly around $1M are hardest to find for my clients. Stock is very limited and I have many "waitlisted" clients in areas like Docklands, Spencer St and Southbank.

[Count Zero]

Originally Posted by Sergio Lopez

Melbourne's inner city apartment market is still strong. We have not had any problem achieving 100% or above 95% pre-sales on off the plan properties (before construction starts). The greatest demand price ranges: $350 - $400k and surprisingly around $1M are hardest to find for my clients. Stock is very limited and I have many "waitlisted" clients in areas like Docklands, Spencer St and Southbank.

House prices will drop in OZ just like in the UK, its going word wide. I said the same over a year ago here while prices were still rising and everyone laughed. OZ lags the UK by 18 months in housing. Just think all those new migrants but with much less money than the last lot and having a taste of property drops in the UK.

[Sergio Lopez]

Mmm. Maybe. However the facts are that there is a 25,000 - 30,000 home deficit (population growth - new homes being built / available)...every year in Melb. This trend is actually accelerating not slowing down so the basic supply-demand equation is (strongly) in favour of further rises. Where will these people live? The vacancy rate in Melb's CBD is 0.3% with yields reaching almost 6% so investors will also be brought back into the market further fuelling growth. The only reason that Melb's property prices haven't continued to explode this year (2008) is interest rates...any sentiment that they'll remain on hold and / or if there is a bias towards reducing them, watch the market soar again. It's very finely balanced at the moment, almost all fundamental economic indicators point towards strong growth in the inner city regions. Remember Melb's market is very much two-tiered. Sydney's even more so.

[MMN]

Hi

If you are wanting any info about purchasing in WA, drop an email to mandy.dickerson@mortgagechoice.com.au . We can send you a break down of all the figures and fees etc etc

Hope it all works out well for you


Maria