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AUSTRALIA Armageddon: House price could fall 50% (Read 812 times)
Laugh till you cry
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AUSTRALIA Armageddon: House price could fall 50%
May 24th, 2019 at 12:54pm
 
Be very afraid.

Incoming! The feces is airborne and the fan is switched on.

Australian property investment has been based on continuous wage inflation which is no longer happening.

A modest rise in interest rates will see massive bailouts from ordinary Australians who can't afford their home.

Housing Armageddon is coming to a home near you.

https://www.propertynoise.co.nz/australia-property-armageddon-house-prices-could...

Quote:
AUSTRALIA: Property ‘armageddon’: House prices could fall by 50 per cent
ON: APRIL 16, 2019

Prices in some areas of Sydney and Melbourne are set to tumble even further by 2022, with experts predicting the worst is yet to come.

With Sydney and Melbourne’s falling house prices infecting other capitals such as Brisbane, Darwin and Perth, some doomsayers say property prices could slump by as much as 50 per cent by 2022.

Digital Finance Analytics chief Martin North says Sydney and Melbourne houses will suffer price falls of 20 to 30 per cent, while high-rise units could slide by up to 50 per cent from their peak prices in 2017.

Moody’s Analytics released forecasts last week showing property price corrections in Melbourne and Sydney could be deeper than earlier predictions.

Moody’s says house prices in 2019 will fall in the following five cities: Melbourne (down 11.4 per cent), Sydney (down 9.3 per cent), Perth (down 7.7 per cent), Darwin (down 2.7 per cent) and Brisbane (down 0.6 per cent). It’s a happier story in Hobart (up 4 per cent), Canberra (up 3.2 per cent) and Adelaide (up 1 per cent) 
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aquascoot
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #1 - May 24th, 2019 at 1:02pm
 
i would actually love that, as should all people on the narrow road to succes.

if property fell by 50%. then my 2 million dollar property that i wanted  to upgrade to a 4 million dollar property, just became a 1 million upgraded to a 2 million.

so rather then forking out 2 million to get it, i only have to fork out 1 million.

as long as you are upgrading, a falling market is a cause for joy and celebration
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #2 - May 24th, 2019 at 1:11pm
 
Yay!
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.-- .... -.-- / -.. .. -.. / -.-- --- ..- / - .-. .- -. ... .-.. .- - . / - .... .. ... ..--..
 
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #3 - May 24th, 2019 at 1:12pm
 
Laugh till you cry wrote on May 24th, 2019 at 12:54pm:
Incoming! The feces is airborne and the fan is switched on.




Grin
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Re: AUSTRALIA Armageddon: House price could rise 50%
Reply #4 - May 24th, 2019 at 1:15pm
 
Australia House prices could raise 50%



Cheesy
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #5 - May 24th, 2019 at 5:10pm
 
Imagine locking into a contract to pay off a million dollar mortgage,  for a 1/2 million dollar investment.......plus interest.

My home cost me $65,000.00 30 years ago.
It was last valued at nearly $700,000.00

If it halved in value, I'm still in front.

Housing may lose some value, but eventually, in the long term, they bounce back.

People will always need houses.
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SUCH A WONDERFUL DREAM
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #6 - May 24th, 2019 at 5:49pm
 
Valkie wrote on May 24th, 2019 at 5:10pm:
Imagine locking into a contract to pay off a million dollar mortgage,  for a 1/2 million dollar investment.......plus interest.

My home cost me $65,000.00 30 years ago.
It was last valued at nearly $700,000.00

If it halved in value, I'm still in front.

Housing may lose some value, but eventually, in the long term, they bounce back.

People will always need houses.




It depends on the condition of the house:
Australia’s cheapest house revealed: Country property sitting on 500-square-metre block
is going for less than the price of an old used car -
but it’ll need some work.


https://www.dailymail.co.uk/news/article-7047787/Australias-cheapest-house-sitti...

...

And here's another bargain:

...




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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #7 - May 24th, 2019 at 5:52pm
 
i guess now that shortens changes to NG aren't going to happen the property bubble prophets have had to look for a new cause of the 'bubble burst' Cheesy Cheesy Cheesy
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #8 - May 24th, 2019 at 5:54pm
 
Bobby. wrote on May 24th, 2019 at 5:49pm:
It depends on the condition of the house:
Australia’s cheapest house revealed: Country property sitting on 500-square-metre block
is going for less than the price of an old used car -
but it’ll need some work.


https://www.dailymail.co.uk/news/article-7047787/Australias-cheapest-house-sitti...

https://i.dailymail.co.uk/1s/2019/05/20/02/13700002-7047787-image-a-24_155831474...




do you need the bubble to burst before you can afford that $7000 house bobby?
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #9 - May 24th, 2019 at 5:57pm
 
John Smith wrote on May 24th, 2019 at 5:54pm:
Bobby. wrote on May 24th, 2019 at 5:49pm:
It depends on the condition of the house:
Australia’s cheapest house revealed: Country property sitting on 500-square-metre block
is going for less than the price of an old used car -
but it’ll need some work.


https://www.dailymail.co.uk/news/article-7047787/Australias-cheapest-house-sitti...

https://i.dailymail.co.uk/1s/2019/05/20/02/13700002-7047787-image-a-24_155831474...




do you need the bubble to burst before you can afford that $7000 house bobby?



No but I can afford a cardboard box outside of Safeway.
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Extraordinary claims require extraordinary evidence.
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John Smith
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #10 - May 24th, 2019 at 5:59pm
 
Bobby. wrote on May 24th, 2019 at 5:57pm:
John Smith wrote on May 24th, 2019 at 5:54pm:
Bobby. wrote on May 24th, 2019 at 5:49pm:
It depends on the condition of the house:
Australia’s cheapest house revealed: Country property sitting on 500-square-metre block
is going for less than the price of an old used car -
but it’ll need some work.


https://www.dailymail.co.uk/news/article-7047787/Australias-cheapest-house-sitti...

https://i.dailymail.co.uk/1s/2019/05/20/02/13700002-7047787-image-a-24_155831474...




do you need the bubble to burst before you can afford that $7000 house bobby?



No but I can afford a cardboard box outside of Safeway.


you can afford the box ... sure, you get them for free from your local greengrocer ... but can you afford safeways rent?
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #11 - May 24th, 2019 at 6:01pm
 
Laugh till you cry wrote on May 24th, 2019 at 12:54pm:
Be very afraid.

Incoming! The feces is airborne and the fan is switched on.

Australian property investment has been based on continuous wage inflation which is no longer happening.

A modest rise in interest rates will see massive bailouts from ordinary Australians who can't afford their home.

Housing Armageddon is coming to a home near you.

https://www.propertynoise.co.nz/australia-property-armageddon-house-prices-could...

Quote:
AUSTRALIA: Property ‘armageddon’: House prices could fall by 50 per cent
ON: APRIL 16, 2019

Prices in some areas of Sydney and Melbourne are set to tumble even further by 2022, with experts predicting the worst is yet to come.

With Sydney and Melbourne’s falling house prices infecting other capitals such as Brisbane, Darwin and Perth, some doomsayers say property prices could slump by as much as 50 per cent by 2022.

Digital Finance Analytics chief Martin North says Sydney and Melbourne houses will suffer price falls of 20 to 30 per cent, while high-rise units could slide by up to 50 per cent from their peak prices in 2017.

Moody’s Analytics released forecasts last week showing property price corrections in Melbourne and Sydney could be deeper than earlier predictions.

Moody’s says house prices in 2019 will fall in the following five cities: Melbourne (down 11.4 per cent), Sydney (down 9.3 per cent), Perth (down 7.7 per cent), Darwin (down 2.7 per cent) and Brisbane (down 0.6 per cent). It’s a happier story in Hobart (up 4 per cent), Canberra (up 3.2 per cent) and Adelaide (up 1 per cent) 

That prediction was made when Bull Shitten was touted as the next PM. But the bullet has been avoided so the market is up, confidence is up Only your hopes and Turd's are deflated, shattered and forlorn, throbbing negroid loon.

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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #12 - May 24th, 2019 at 6:08pm
 
John Smith wrote on May 24th, 2019 at 5:59pm:
Bobby. wrote on May 24th, 2019 at 5:57pm:
John Smith wrote on May 24th, 2019 at 5:54pm:
Bobby. wrote on May 24th, 2019 at 5:49pm:
It depends on the condition of the house:
Australia’s cheapest house revealed: Country property sitting on 500-square-metre block
is going for less than the price of an old used car -
but it’ll need some work.


https://www.dailymail.co.uk/news/article-7047787/Australias-cheapest-house-sitti...

https://i.dailymail.co.uk/1s/2019/05/20/02/13700002-7047787-image-a-24_155831474...




do you need the bubble to burst before you can afford that $7000 house bobby?



No but I can afford a cardboard box outside of Safeway.


you can afford the box ... sure, you get them for free from your local greengrocer ... but can you afford safeways rent?



No rent John,
I sleep in a cardboard box -
I dumpster dive at night to get the food  they throw out -
and there's a gym across the road where I can take a daily shower.
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Extraordinary claims require extraordinary evidence.
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #13 - May 24th, 2019 at 6:20pm
 
Bobby. wrote on May 24th, 2019 at 6:08pm:
No rent John,
I sleep in a cardboard box -
I dumpster dive at night to get the food  they throw out -
and there's a gym across the road where I can take a daily shower.



stop stealing the stray dogs food you thief
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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.
 
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Laugh till you cry
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Re: AUSTRALIA Armageddon: House price could fall 50%
Reply #14 - May 24th, 2019 at 6:59pm
 
Andrei Hicks sends his greeting from his split level dumpster in London.

Andrei would be thankful if denizen Gordon recommended how much Andrei should charge lodgers.

...
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« Last Edit: May 24th, 2019 at 7:04pm by Laugh till you cry »  

Please don't thank me. Effusive fawning and obeisance of disciples, mendicants, and foot-kissers embarrass me.
 
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