澳洲Australia property Bubbles in the market | Sydney


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Thought this might be interesting viewing.

This guy has discovered 34 asset bubbles in history, and they have all burst except for 2... The Uk & Australian housing market.

What do you all think?

http://www.ft.com/cms/86a30e34-dfd5...html?_i_referralObject=15762261&fromSearch=n>  

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Had some problems getting that link to work.

Well, some of the junk being sold around the larger cities can surely be considered a bubble in the making.

But, relative to real wages, a 20% reversal would be more than adequate a correction. So, yes, the downside is limited.

The Aussie property bubble of today, if it could be called that, is nowhere as extreme as the Japanese property bubble which popped in 1990.  

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we had a bubble and it popped and hasnt recovered, how much more popping is he looking for?  

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it's just a jealousy thing that the colonists got it right.

also glosses over immigration and demand and the fact that australia powers the world!

OZ POWAH!  

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I find it amazing that they talk about the Australian housing market as one market. There are dozens of markets at different stages of the property cycle operating in Australia at any one time, to throw them all in one pot is crazy in my opinion, so many factors influencing each market that to bundle them all together is convenient but inaccurate.  

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Bigtone said: ↑
I find it amazing that they talk about the Australian housing market as one market. There are dozens of markets at different stages of the property cycle operating in Australia at any one time, to throw them all in one pot is crazy in my opinion, so many factors influencing each market that to bundle them all together is convenient but inaccurate.Click to expand...
Wise words indeed. Pity journalists seem not to know this basic fact.  

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Bigtone said: ↑
There are dozens of markets at different stages of the property cycle operating in Australia at any one timeClick to expand...
He was talking about the macro picture. Valuations against incomes are at historical highs.  

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I think you can find anything when you look hard enough for it. Bubble being the flavour of the month.....or year.  

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