Australian Property Bubble: AustrIreliand

11 10 2012

Interesting and informative video.

If one wishes to purchase a home, whether it be for investment purposes or to just have a “home” to live in,  then one should look into other means of being able to get the same outcome and result, without going the route that the “sheeple” follow, which most of the time, isn’t the wisest, more financially sound or rewarding route.

I guess that’s why the 1%ers of the globe are where they are….and the “sheeple” of society, are where they are??

Question to ask yourself:

  • What other investment opportunities are out there that could earn me healthy returns, outside of real estate, right now?

Remembering the expression “there is more than one way to skin a cat”

 

 

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Overindulgence Has its Consequences

12 08 2011

There are currently 377,300 houses for sale across Australia, according to SQM Research data released today – up 21.9 per cent on last year.

Why is this significant?

Well, we have some 8.9 million houses. A quick back of the envelope calculation tells me 3.79 per cent of all our houses are for sale right now.

But wait, we typically exchange about four per cent of these each year.

This suggests we have over eleven months stock on the market today. The US is struggling with 9 months of supply on the market, a level which is driving down prices.

And this before the start of the Spring selling season, when would-be vendors unveil their polished treasures, gardens are at their best and the birds are singing tra la!

Hmmm. I see a price reset as bountiful supply overwhelms cautious demand. My advice: Don’t Buy Now!

Original Source http://www.prosper.org.au/2011/08/10/overindulgence-has-its-consequences/