Your Investment Property forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Aus bears scary resemblance to pre-collapse Ireland

Notify me of new replies via email
Your Investment Property | 10 Apr 2013, 11:30 AM Agree 0
Speculation that local housing remains trapped in a bubble waiting to burst has returned as fingers point to Ireland as a striking model of what could happen to Australia
  • andy garcia | 12 Apr 2013, 02:10 AM Agree 0
    there wont be any bubble we have an intake of 150 thousand migrant plus all undocumented visitors i cant see any bubbles
  • Nostradoomus | 15 Apr 2013, 08:32 PM Agree 0
    A correction within the Australian Hosing market is getting closer by the day... A lot of "experts" argue that Australia went through the GFC with little damage... But the reality is that the so called GFC should be renamed to the US-FC and its domino effect is just starting to pass by the Eurozone... Asia and Australia are next on the game...
    To expect a simultaneous economic fall out both in the USA and in other economic areas of the world is naive and a clear example of economic ignorance, and so is to keep believing that Australian property prices are set to keep rising... Just do a simple exercise yourself: Search for rental properties in Sydney's Easter Suburbs and those ones close to the CBD. More than 800 properties are available and ready to be leased, but the ridiculous prices push tenants to queue for the cheapest options in the markets (those rentals under $550)... If you bought an "investment property" in the aim to rent it around the $600+ mark, be ready to have it empty for a while...
    This is just the beginning, and pretending that nothing will ever happen here is a very irresponsible move. To compare the US housing market to the Australian Housing market is something like comparing Japan's Motor Industry with India's car industry... The only thing that makes us different to any developing nation in the world is our (more equal) distribution of wealth. Even Mexico and Brasil have, today, a stronger manufacturing sector than ours... The Bulls take pride on our interrupted 21 year period of economic growth... So it has been in places like Chile, Colombia, Peru and Mexico, but only for the people with money and influence in industries such as mining and real estate. And as the distribution of wealth is so precarious in those countries, chances are those wealthy chileans have made even more profits that you!
  • June | 12 Oct 2013, 02:34 PM Agree 0
    andy garcia - you may want to rethink your comment. Most the of the immigrants are poor and cannot afford housing anyway, so they won't save the over-valued housing market. Crash!
Post a reply