flag of convenience Posted January 14, 2016 Share Posted January 14, 2016 Make hay while the sun shines! The Gold coast was a growing area prior to the Commonmealth games, and no doubt will after. only the rate of growth will vary. Unemployment and too many apartments, along with crime not an issue then? Link to comment Share on other sites More sharing options...
Guest Posted January 14, 2016 Share Posted January 14, 2016 Unemployment and too many apartments, along with crime not an issue then? I'm sure like anywhere crime is more localised to certain areas, also seeing as QLD job statistics look reasonably healthy they can always commute an hour to get to work if desperate. Very busy every time I've been down there in recent months. Link to comment Share on other sites More sharing options...
flag of convenience Posted January 14, 2016 Share Posted January 14, 2016 I'm sure like anywhere crime is more localised to certain areas, also seeing as QLD job statistics look reasonably healthy they can always commute an hour to get to work if desperate. Very busy every time I've been down there in recent months. Probably due to conditions improving. But it wasn't long ago the stats pointed in a different direction. We shall see if the momentum will continue in positive territory post Games. Link to comment Share on other sites More sharing options...
flag of convenience Posted January 14, 2016 Share Posted January 14, 2016 Not long ago had a call from a Real Estate agent here in Perth. Asked me if still interested in a property viewed prior to Christmas. I told him then it was a good $100,000 over priced. He's informed me the tenants are leaving and $80,000 knocked off the price. I answered conditions have worsened, difficult to find tenants now days, still at the very least $50,000 over priced as value has spiralled down since Christmas. If I hold on another six months would expect to pick it up at least $100,000 from todays offering price. Probably more. Link to comment Share on other sites More sharing options...
Bibbs Posted January 14, 2016 Share Posted January 14, 2016 If I hold on another six months would expect to pick it up at least $100,000 from todays offering price. Probably more. What was the location? I've not seen much movement in prices within the Zone1 area (unless they were horrendously overpriced to begin with). Link to comment Share on other sites More sharing options...
Keith and Linda Posted January 14, 2016 Share Posted January 14, 2016 I recall under $15 an hour. I believe median earnings to be around $45,000 a year. Very low if still applicable. Just take a look at housing prices in Auckland/ Wellington/Queens Town to get an idea. Yes I was gob-smacked at the house prices, goes to show that there must be hell of a lot of people on above minimum wages if the housing market is able to sustain such prices. Link to comment Share on other sites More sharing options...
flag of convenience Posted January 14, 2016 Share Posted January 14, 2016 Yes I was gob-smacked at the house prices, goes to show that there must be hell of a lot of people on above minimum wages if the housing market is able to sustain such prices. Well waiting for a correction IMO. Hell of a lot with high mortgages more like it. The downside of cheap credit. It must be paid back. Just wait until rates turn around and rise. NZ has I believe a lot of foreign buyers as Australia. Immigration is running at high rates, as well as a high rate of returning ex patriots from Australia. Link to comment Share on other sites More sharing options...
Keith and Linda Posted January 14, 2016 Share Posted January 14, 2016 Well waiting for a correction IMO. Hell of a lot with high mortgages more like it. The downside of cheap credit. It must be paid back. Just wait until rates turn around and rise. NZ has I believe a lot of foreign buyers as Australia. Immigration is running at high rates, as well as a high rate of returning ex patriots from Australia. Not all bad news then:wink: Link to comment Share on other sites More sharing options...
flag of convenience Posted January 14, 2016 Share Posted January 14, 2016 Not all bad news then:wink: What's the saying ,out of every negative.........? Link to comment Share on other sites More sharing options...
MARYROSE02 Posted January 14, 2016 Share Posted January 14, 2016 Did the sky fall whlst I was out of circulation? Link to comment Share on other sites More sharing options...
CNC FABS Posted January 14, 2016 Share Posted January 14, 2016 Just caught back up with this thread. s**t the world is at an end. Even RBS think so !!!. Good job I'm heading over to Mount Martha. Nice soft sand on South beach for me to bury my head in, no worries.:yes: Link to comment Share on other sites More sharing options...
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