Australian Politics Forum - 5% of Melbourne homes are empty

Sir lastnail

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Re: 5% of Melbourne homes are empty
Reply #15 - Jan 7^th, 2016 at 1:16pm

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

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Sun Tzu

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Re: 5% of Melbourne homes are empty
Reply #16 - Jan 7^th, 2016 at 1:55pm

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

Quarter acre blocks are an anachronism. People these days are opting for quality instead of quantity.

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longweekend58

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Re: 5% of Melbourne homes are empty
Reply #17 - Jan 7^th, 2016 at 5:10pm

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sun Tzu Gold Member Offline Australian Politics Posts: 1148 Gender:	Re: 5% of Melbourne homes are empty Reply #18 - Jan 7^th, 2016 at 10:54pm Could the falling A$ be a trigger for a massive Chinese sell-off of apartments and houses? If it is, prices will dive and there will be a severe disruption to building industry as the massive stock takes time to dispose.
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Sir Grappler Truth Teller OAM

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Re: 5% of Melbourne homes are empty
Reply #19 - Jan 8^th, 2016 at 2:57am

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

Get back to me in two years time... I just sold one house and bought another at a lower price... retirement sounds good...

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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miketrees Gold Member Offline Australian Politics Posts: 6492 Gender:	Re: 5% of Melbourne homes are empty Reply #20 - Jan 8^th, 2016 at 6:55am Could the falling A$ be a trigger for a massive Chinese sell-off of apartments and houses? I think the opposite will happen.
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Bobby.

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Re: 5% of Melbourne homes are empty
Reply #21 - Jan 8^th, 2016 at 6:59am

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

sir Nail is right -

the house prices are already going down in many suburbs.

Your old fibro dump in Adelaide should be sold to some sucker now.

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longweekend58

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Re: 5% of Melbourne homes are empty
Reply #22 - Jan 8^th, 2016 at 8:23am

Bobby. wrote on Jan 8^th, 2016 at 6:59am:

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

sir Nail is right -

the house prices are already going down in many suburbs.

Your old fibro dump in Adelaide should be sold to some sucker now.

you believe anything day_nail tells you. because you are a gullible idiot. the property market has gone off the boil but prices are still rising which is not how a crash is normally defined.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sun Tzu

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Re: 5% of Melbourne homes are empty
Reply #23 - Jan 8^th, 2016 at 9:17am

longweekend58 wrote on Jan 8^th, 2016 at 8:23am:

Bobby. wrote on Jan 8^th, 2016 at 6:59am:

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

sir Nail is right -

the house prices are already going down in many suburbs.

Your old fibro dump in Adelaide should be sold to some sucker now.

you believe anything day_nail tells you. because you are a gullible idiot. the property market has gone off the boil but prices are still rising which is not how a crash is normally defined.

The good news for Longweekend58 is that the price of fibro shacks, lean-tos and caves is rising.

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Sophia

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Re: 5% of Melbourne homes are empty
Reply #24 - Jan 8^th, 2016 at 9:22am

Sun Tzu wrote on Jan 7^th, 2016 at 10:11am:

It appears the numbers are higher than 5% and in some locations more than 10%.

http://www.afr.com/content/dam/images/g/l/j/2/h/j/image.imgtype.afrArticleInline...

Interesting, but all those suburbs are inner city, seems a lot were bought as investments, somewhere to pour money into, and within less than 15 kms from the centre of Melbourne is the way it seems to be favorable for any wealthier overseas investors, because they could, and were allowed to by our government.

Which means they didn't have to rent it, or live in it.

But does that mean there is a glut of rental properties, just because these houses are being remained as empty?

I don't really know about the Melbourne metro area, but I do know this much, out here where I live, about an hour east of Melbourne, the Yarra Valley and the Dandenong Ranges, is a shortage of rentals, and my friend, whom had to sell her beautiful home on 5 acres with mountain views, because of a break up in marriage, has been stressing about finding a rental place, and the choices are not very good.

She finally secured herself a house in Monbulk, and it's an old 1950's style house with absolutely no improvement.
There is no room for a fridge, the rooms are all small, the venetian blinds don't work, and the asking is $420 a week Shocked

my friend is taking it. She has looked at a few, and in fact, hasn't even had a chance to look at many others at all because of the competition for renters trying to find a place to live in.

We have a rental in Woori Yallock (now that is even further away)...and it was never empty for long, 2 weeks at the most. We get $350 a week for that.

It just must be a very different situation in different areas for reasons such as where overseas investors buy up a lot of those houses to remain empty with no water usage shown in the graph.
I wonder, there may be a glut of empty houses, but is there a glut of rental houses?

My son and his fiance are renting in Prahran, small place with no carport driveway or garage or any sort. Just street parking. (I dislike that crowded sardine type living).
They are lucky to have it for a cheap $1600 per month.

But that is all I know as far as Melbourne metro and the outskirts where I live.

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Sir lastnail

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Re: 5% of Melbourne homes are empty
Reply #25 - Jan 8^th, 2016 at 9:41am

longweekend58 wrote on Jan 8^th, 2016 at 8:23am:

Bobby. wrote on Jan 8^th, 2016 at 6:59am:

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

sir Nail is right -

the house prices are already going down in many suburbs.

Your old fibro dump in Adelaide should be sold to some sucker now.

you believe anything day_nail tells you. because you are a gullible idiot. the property market has gone off the boil but prices are still rising which is not how a crash is normally defined.

yep - house prices only ever go up in australia or just plateau Cheesy

LOL

And so does the debt !!

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"If you take out Saddam, I guarantee you that it will have enormous positive reverberations on the region..." - Benjamin Netanyahu in 1995

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John Smith Gold Member Offline Australian Politics Posts: 78311 Gender:	Re: 5% of Melbourne homes are empty Reply #26 - Jan 8^th, 2016 at 10:38am demand for investment properties is increasing with the popularity of AirBNB on the increase ... people can make really good money on properties they would otherwise have not purchased.
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Bobby.

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Re: 5% of Melbourne homes are empty
Reply #27 - Jan 8^th, 2016 at 3:25pm

Sun Tzu wrote on Jan 8^th, 2016 at 9:17am:

longweekend58 wrote on Jan 8^th, 2016 at 8:23am:

Bobby. wrote on Jan 8^th, 2016 at 6:59am:

longweekend58 wrote on Jan 7^th, 2016 at 5:10pm:

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

EVERYTHING is evidence of a bubble to you and has been for 15 years while the likes of you and pansi continue to make your failed predictions.

sir Nail is right -

the house prices are already going down in many suburbs.

Your old fibro dump in Adelaide should be sold to some sucker now.

you believe anything day_nail tells you. because you are a gullible idiot. the property market has gone off the boil but prices are still rising which is not how a crash is normally defined.

The good news for Longweekend58 is that the price of fibro shacks, lean-tos and caves is rising.

Longy needs to sell that old fibro dump now while he can still get something for it.

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Bobby.

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Re: 5% of Melbourne homes are empty
Reply #28 - Jan 15^th, 2016 at 5:38am

Sir lastnail wrote on Jan 7^th, 2016 at 1:16pm:

Sun Tzu wrote on Jan 7^th, 2016 at 12:26pm:

Sir Grappler Truth Teller OAM wrote on Jan 7^th, 2016 at 12:17pm:

If they're empty then they're not homes, are they - just flaccid and fallow investments awaiting the tide of time to whittle them down to match sticks.......

Its more than 5%. Some places as high as 16%. This is mostly apartments which means that as a percentage of apartments it is extremely high which portends a major fall in price if selling pressure emerges.

It's definitely evidence of a bubble. The point is how many normal quarter acre blocks have been bulldozed down to make way for these cheap arse dolls houses Sad

Yes sir Nail,
will Melbourne end up looking like this?

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Gnads

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Re: 5% of Melbourne homes are empty
Reply #29 - Jan 15^th, 2016 at 6:18am

Sophia wrote on Jan 8^th, 2016 at 9:22am:

Sun Tzu wrote on Jan 7^th, 2016 at 10:11am:

It appears the numbers are higher than 5% and in some locations more than 10%.

http://www.afr.com/content/dam/images/g/l/j/2/h/j/image.imgtype.afrArticleInline...

Interesting, but all those suburbs are inner city, seems a lot were bought as investments, somewhere to pour money into, and within less than 15 kms from the centre of Melbourne is the way it seems to be favorable for any wealthier overseas investors, because they could, and were allowed to by our government.

Which means they didn't have to rent it, or live in it.

But does that mean there is a glut of rental properties, just because these houses are being remained as empty?

I don't really know about the Melbourne metro area, but I do know this much, out here where I live, about an hour east of Melbourne, the Yarra Valley and the Dandenong Ranges, is a shortage of rentals, and my friend, whom had to sell her beautiful home on 5 acres with mountain views, because of a break up in marriage, has been stressing about finding a rental place, and the choices are not very good.

She finally secured herself a house in Monbulk, and it's an old 1950's style house with absolutely no improvement.
There is no room for a fridge, the rooms are all small, the venetian blinds don't work, and the asking is $420 a week Shocked

my friend is taking it. She has looked at a few, and in fact, hasn't even had a chance to look at many others at all because of the competition for renters trying to find a place to live in.

We have a rental in Woori Yallock (now that is even further away)...and it was never empty for long, 2 weeks at the most. We get $350 a week for that.

It just must be a very different situation in different areas for reasons such as where overseas investors buy up a lot of those houses to remain empty with no water usage shown in the graph.
I wonder, there may be a glut of empty houses, but is there a glut of rental houses?

My son and his fiance are renting in Prahran, small place with no carport driveway or garage or any sort. Just street parking. (I dislike that crowded sardine type living).
They are lucky to have it for a cheap $1600 per month.

But that is all I know as far as Melbourne metro and the outskirts where I live.

Lols ... Shitzu doesn't want to know your truth... just some manipulated specific areas pointing to a down turn.

Hardly a true scope of the greater Melbourne area.

He supports all this condensed housing where you can lean out the window & shake your neighbours hand ...

or more likely have a fist fight with them because

the closer together you put people the more likelihood of conflict .....

the making of future ghettos/slums neighbourhoods.

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