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  • Australian real estate bubble.

    Any signs of bursting soon? It's the only thing that keeps me from emigrating there.
    Graffiti in a public toilet
    Do not require skill or wit
    Among the **** we all are poets
    Among the poets we are ****.

  • #2
    You need to be more specific in your questions. Have you done the research or are you just getting started now?
    "You say that it is your custom to burn widows. Very well. We also have a custom: when men burn a woman alive, we tie a rope around their necks and we hang them. Build your funeral pyre; beside it, my carpenters will build a gallows. You may follow your custom. And then we will follow ours."--General Sir Charles James Napier

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    • #3
      Just getting started. I've noticed that the house prices have grown quite a lot in the recent years and weren't affected by the fincrysis.
      Graffiti in a public toilet
      Do not require skill or wit
      Among the **** we all are poets
      Among the poets we are ****.

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      • #4
        Australia has hardly anyone in it so it's not like their bubble can be that big. Just allow a few million immigrants in and suddenly bubble will turn into market based demand.
        Try http://wordforge.net/index.php for discussion and debate.

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        • #5
          Oerdin, no. Remember "Yellow peril!!!!"
          One day Canada will rule the world, and then we'll all be sorry.

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          • #6
            Originally posted by Oerdin View Post
            Australia has hardly anyone in it so it's not like their bubble can be that big. Just allow a few million immigrants in and suddenly bubble will turn into market based demand.
            Immigrants...or prisoners?
            If there is no sound in space, how come you can hear the lasers?
            ){ :|:& };:

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            • #7
              Originally posted by Oerdin View Post
              Australia has hardly anyone in it so it's not like their bubble can be that big. Just allow a few million immigrants in and suddenly bubble will turn into market based demand.
              Most of the Australians are clustered in a few areas.

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              • #8
                Yes, yes they are.
                Try http://wordforge.net/index.php for discussion and debate.

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                • #9
                  Originally posted by gribbler View Post
                  Most of the Australians are clustered in a few areas.
                  The pubs and bars.
                  One day Canada will rule the world, and then we'll all be sorry.

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                  • #10
                    and beaches
                    Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
                    GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"

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                    • #11
                      Originally posted by onodera View Post
                      Just getting started. I've noticed that the house prices have grown quite a lot in the recent years and weren't affected by the fincrysis.
                      Prices aren't likely to go down and they're likely to rise again in time.

                      But again it depends on where you're looking to move to and why. It depends what your budget is. And a bunch of other stuff. I don't know about the rest of Australia but I know Melbourne. So if you ask some Melbourne specific questions I'll give you some Melbourne specific answers.

                      Housing prices in melbourne--

                      Excepting the south eastern suburbs, housing prices are relatively low at the moment. This means they're still crazy high by world standards. But they're not likely to go any lower any time soon.

                      South Eastern suburbs range from high to mid-end, safe, close to public transport, and depending on how far South and East from the city you go, can get cheap(er). The SE suburbs also have a large Russian-Jewish, Russian, and Jewish population, and assorted Russian food shops. As it is high to mid-end there are many shops, cafes, private schools, etc in the area.

                      Inner city living is fairly expensive but has close access to everything.

                      If you're going to work in the inner city (depends on your profession--likely or highly possible if you're white collar), public transport is preferable as car parking is expensive. Public transport cuts 20-30 minutes off your commute in rush hour.

                      Any further questions, post here or pm me.
                      "You say that it is your custom to burn widows. Very well. We also have a custom: when men burn a woman alive, we tie a rope around their necks and we hang them. Build your funeral pyre; beside it, my carpenters will build a gallows. You may follow your custom. And then we will follow ours."--General Sir Charles James Napier

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                      • #12
                        I've been looking at Brisbane or SE QLD in general. Yes, it's a white collar job that I have. What's a reasonably low price atm?
                        Graffiti in a public toilet
                        Do not require skill or wit
                        Among the **** we all are poets
                        Among the poets we are ****.

                        Comment


                        • #13
                          If there was a time to buy in Brisbane it was right after the floods. You're a bit late for cheap prices I think. Honestly I don't know Brisbane well enough to help you out. Like I said, I can only talk about Melbourne. Sorry onodera.

                          Edit:
                          1. But if you're buying in Brisbane or Qld generally be careful about flood related data for the house. Qld gets them regularly and you should take this data into account when you're buying. Lots of people have had to rebuild their homes post-flooding and it is not a happy moment. I don't know the real estate industry but this is the kind of information a real estate agent would probably help with.
                          2. Come to think of it have you spoken to a real estate agent?
                          3. Try websites like domain.com.au or http://www.realestate.com.au for housing generally.
                          4. Brisbane newspapers may have real estate relatred articles-try Courier Mail or Brisbane Times.
                          Last edited by Zevico; September 26, 2011, 03:36.
                          "You say that it is your custom to burn widows. Very well. We also have a custom: when men burn a woman alive, we tie a rope around their necks and we hang them. Build your funeral pyre; beside it, my carpenters will build a gallows. You may follow your custom. And then we will follow ours."--General Sir Charles James Napier

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                          • #14
                            No, I haven't talked to anyone yet. I'm not moving there immediately, more likely in two years time, so I was wondering if the prices might get lower by this time.
                            Graffiti in a public toilet
                            Do not require skill or wit
                            Among the **** we all are poets
                            Among the poets we are ****.

                            Comment


                            • #15
                              googled "housing prices brisbane":
                              Brisbane's property market is among the weakest of all Australian state capitals, with house prices continuing their slide for a sixth consecutive month.

                              Brisbane's flagging property market was plagued by rising interest rates well before the floods, but the two factors could send prices further south, a new report shows.

                              Estimates of changes in residential property prices and the total value of Australia's dwelling stock, and preliminary housing market activity data
                              "You say that it is your custom to burn widows. Very well. We also have a custom: when men burn a woman alive, we tie a rope around their necks and we hang them. Build your funeral pyre; beside it, my carpenters will build a gallows. You may follow your custom. And then we will follow ours."--General Sir Charles James Napier

                              Comment

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