澳洲Australia property Aussie Home Buyer Activity Drops 60% In 2


在澳大利亚 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 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


According to the Australia Bureau of Statistics, in 2009 almost 19,000 first home buyers took advantage of the federal government’s housing grants each month (Our artificial mini boom). Or approx 228, 000 FHB's over 12 months.

In 2010 however, this number dropped to just 7,460 p.m. This represents a drop of 11,540 FHB’s per month or a 60% drop from the 19,000 per month in 2009.

First home buyers represent the base/foundation of all buyers at the bottom end of the buyer market.

If the bottom end of the market is active and ticking over, owners in the bottom to middle market feel confident to sell or upgrade to an equivalent property or higher priced property. In turn this impacts on the middle to upper market providing more buyer activity and more selling.

The base of the buyer market has dropped significantly

Check out the stats here FHBs pulled back in 2010 from The Advisor  

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with the enormity of the resources boom soon to hit I am concerned that all the FHOs will miss out and more taxpayers $'s will be needed to get them into the market. the latest karratha land give away for example was given to FHOs primarily - how many $s did the taxpayer lose out on that little charity event?  

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perhaps we need to edit the title of the post a little by adding FIRST before buyers.

Though in some other market segments there appears to be very little activity..........good ol state govs wont like it much

ta

rolf  

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crimping govt budgets is an appropriate thing to do for the foreseeable future anyway. their role was to spend thru the downturn, now they need to tax and save. the trouble is labor only ever spends and the consequences could be shocking

this all assumes the global economy isn't about to fall off a cliff which seems to be a popular forecast as well  

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doesn't surprise me.

due to the huge incentives offered by various levels of government in 2009, a significant proportion of the "thinking about it" fhb-ers were tempted to bring their plans forwarded - instead of buying in 2010, they bought in 2009 (possibly with parental help etc to get them in earlier than planned) - and then credit tightened significantly in 2010.

2008 and 2011 figures will give a clearer reflection of the market being either side of these outside factors.  

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Decrease is a good sign IMHO if it stayed high we have a bubble and not a spike!

lizzie said: ↑
doesn't surprise me.


j

due to the huge incentives offered by various levels of government in 2009, a significant proportion of the "thinking about it" fhb-ers were tempted to bring their plans forwarded - instead of buying in 2010, they bought in 2009 (possibly with parental help etc to get them in earlier than planned) - and then credit tightened significantly in 2010.

2008 and 2011 figures will give a clearer reflection of the market being either side of these outside factors.Click to expand...
I agree with Lizzie the Government incentives created an aberration in the FHOB market in 2009! So increased numbers entered the market and now there is a corresponding reduction in the FHOB market.


j
Can I suggest that you put on your thinking cap the article in The Advisor was written by a staff reporter (why didn't they print their name) the same as I don't know you and you don't know me but I will think each time I read a post from you. Rewrite that article with a different slant 'Tripling of FHOG in 2009 enabled a spike in house prices and now market is flat and expected to underperform until next batch of FHOB enter the market'

Now go and research the other incentives different State Governments are offering in the property market! ;)


Regards
Sheryn  

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> Aussie Home Buyer Activity Drops 60% In 2010 – Not A Good Sign

Only if you're looking to sell. It's a positive if you're looking to buy and good for rents as well, relative to if there wasn't a drop in activity.  

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Paul Do said: ↑
> Aussie Home Buyer Activity Drops 60% In 2010 – Not A Good Sign

Only if you're looking to sell. It's a positive if you're looking to buy and good for rents as well, relative to if there wasn't a drop in activity.Click to expand...
Agreed this could be a good buying opportunity with high supply and much lower demand from buyers.

If you find a property that stacks up with your due diligence and you find a motivated vendor this could be a good opportunity to present low offers e.g. 25% to 30% lower than listing price. e.g. if listed for $400,000 present low offers of $280,000 to $300,000

If there are property median price drops you can protect your down side and it may be closer to the real value?

what do you think, if you buy now should you be trying some very low offers?
Protect yourself against any real estate down times?  

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j said: ↑
According to the Australia Bureau of Statistics, in 2009 almost 19,000 first home buyers took advantage of the federal government’s housing grants each month (Our artificial mini boom). Or approx 228, 000 FHB's over 12 months.

In 2010 however, this number dropped to just 7,460 p.m. This represents a drop of 11,540 FHB’s per month or a 60% drop from the 19,000 per month in 2009.

First home buyers represent the base/foundation of all buyers at the bottom end of the buyer market.

If the bottom end of the market is active and ticking over, owners in the bottom to middle market feel confident to sell or upgrade to an equivalent property or higher priced property. In turn this impacts on the middle to upper market providing more buyer activity and more selling.

The base of the buyer market has dropped significantly

Check out the stats here FHBs pulled back in 2010 from The AdvisorClick to expand...
sounds awful.

but i guess that's what happens when you remove the silver spoon from the iGen's mouths.  

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Sheryn said: ↑
I agree with Lizzie the Government incentives created an aberration in the FHOB market in 2009! So increased numbers entered the market and now there is a corresponding reduction in the FHOB market.


j
Can I suggest that you put on your thinking cap the article in The Advisor was written by a staff reporter (why didn't they print their name) the same as I don't know you and you don't know me but I will think each time I read a post from you. Rewrite that article with a different slant 'Tripling of FHOG in 2009 enabled a spike in house prices and now market is flat and expected to underperform until next batch of FHOB enter the market'

Now go and research the other incentives different State Governments are offering in the property market! ;)


Regards
SherynClick to expand...
Hi Sheryn

I prefer to consider statistics versus opinion.
Show me your statistics?

Here's some stats from the ABS

First home buyers - http://www.abs.gov.au/ausstats/[email protected]&prodno=4130.0&issue=2007-08&num=&view=

In 2007–08, twice the proportion of first home buyers with a mortgage lived in medium and high density housing than in 1995–96 (29% versus 15%).

The proportion buying newly constructed homes, rather than established dwellings, fell from 23% in 1995–96 to 9% in 2007–08.  

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