Archived Discussion Topic

       started by donaa2 on 29 Jan 2010   (22517)
Message InfoMessage
From donaa2

29 Jan 2010 6:27 AM
What is the general trend in house prices at the moment, particularly in Victoria? Thanks Andrea.
From kempo

To donaa2

29 Jan 2010 7:04 PM
Just heard on the radio this morning that Melbourne showed a 12% increase.
From babs_andy

To donaa2

29 Jan 2010 10:46 PM
Hi Andrea, House prices in Vic have continued to rise. Our area apparently recorded a 10% increase in prices last year (Greensborough). Front page of the Herald Sun last week said that the average Melbourne house increased in value by something like $700 a day!! There are still affordable areas in places like Geelong or other outer suburbia/ semi-rural regions. I see you are from Stone. Hubby is originally from Hixon near Stafford. Barb
From callum1965

To donaa2

30 Jan 2010 2:06 AM
Like everywhere else in Australia.... OVERPRICED !!! buy land and live in a van. whoohoo, livin the dream.
From Mindblower

To callum1965

30 Jan 2010 12:28 PM
Australia continues to defy economic logic probably resources saving them...hmm. House prices SILLY, yes.
From deRoberto

To Mindblower

30 Jan 2010 12:43 PM
Heard on UKTV that Britain is officially out of recession..wonder how the house prices will change over there?
From SyNikki

To deRoberto

30 Jan 2010 12:53 PM
Apparently, there has been a 1.2% rise. Not sure between what dates that was measured though, or if I even believe it. I have had a bit more interest in mine though, but I have a tenant in there now and it is coming off the market for the forseeable future! Sy
From kayandandy

To SyNikki

30 Jan 2010 5:30 PM
Have you thought of selling it to an investor with a sitting tenant - some agents will do this.
From SyNikki

To kayandandy

30 Jan 2010 8:44 PM
It was a passing thought, I told one investor 'no thanks'. Maybe not as politely as that, I am happy to let it out. My tenant asked if she could decorate, I was apprehensive at first, but we went round the other day to collect mail. The chuffing house looks stunning!!!! So I am happy its in good hands......for now at least. Investors are leeches to be honest, I played the game and laughed at their offer. I am by no means well off, but nor am I daft. I will let it out for the next 2-3 years, see what happens. Sy
From Kris+Rob

To donaa2

31 Jan 2010 1:41 PM
According to the IMF Australian housing stock is overvalued by more than a third and Sydney is the second most unaffordable city after Vancouver. Some professor is predicting a 'house price bloodbath' by September, a prediction the Real Estate Institute was quick to rebuff. Appearantly loads of people are in arrears with their mortgages because of the rate rises and there is only one way for the rates now-up. I wish I knew what to do! Can house prices crash even with the economy gathering pace again?
From callum1965

To Kris+Rob

31 Jan 2010 9:05 PM
The economy is not always related to house prices, to many people also relate their wealth to housing. As the economy gathers pace so will rates. yes people will struggle but its their own stupidity in outstretching finances. personaly i hope it does crash so more people can soon one day have affordable homes and those who complain in negative equity then so be it. Far to much greed in those with multiple homes that came over after selling a 3 bed home in london and buying 3+ homes over here. the faster it crashes the sooner it will balance and the pain to ease, like ripping a plaster off. And for those who do complain then they should think of their own children and grandchildren that will be able to own their own home like yourselfs... dont be bloody greedy !