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#781 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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Quote:
So I repeat the question I asked of XB GS 351 Coupe: "How much has it's value increased in the last six months?"
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#782 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,758
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Quote:
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#783 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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Quote:
My brother purchased an apartment in East Perth, about ten minutes walk from the WACA. Purchase was in 2014 at the peak of the market. Now apartments in the same complex are selling for 20% to 25% less than what he paid for his identical place. Ouch.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#784 | ||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,758
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For sure. As an investor, if you have the money then it's a good time to be scooping up property. It's also a good time for the first home owners. Everyone is winning ATM.
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#785 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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So you call a 20 to 25% loss winning?
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#786 | ||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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2014 was when WA's mining boom was falling over wasn't it?
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Dying at your job is natures way of saying that you're in the wrong line of work.
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#787 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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Just about to.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#788 | ||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,758
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#789 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,488
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When referring to the housing market, buying and selling doesn't really matter. It's just an observation of the marketplace in general, and currently its on a bit of a downward trend.
History says it generally will stabilise and climb again, but history is just that.... History. It's not a guarantee of what will happen. Just because a massive house price crash hasn't happened, doesn't mean it can't or won't.
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UA2 TREND 4WD BI TURBO |
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#790 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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#791 | ||
Banned
Join Date: Jun 2010
Posts: 2,811
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Might be to much for SJWs but here is another perspective.
https://www.xyz.net.au/house-prices-going-fall-75/ |
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#792 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,488
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Quote:
18% interest was on house prices around $70k give or take. compare that with 4% on 400k, and it is substantially more interest being paid. Factor in that for the east coast, $400k is the cheap end, and you can clearly see why interest rates don't need to hit the high's of yesteryear to rape the population. this argument always dwells on only 1 aspect of the time (high interest rate period). it doesn't factor in the house prices or the wages as a percentage of the house prices, or the cost of living. I would argue that for some people its every bit as hard today as it was for those facing high interest rates in the 80's.
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UA2 TREND 4WD BI TURBO |
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#793 | ||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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You also missed another elephant in the room- lack of permanent positions and the casualisation of the workforce with non stability of income....
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
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#794 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
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#795 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
If rates got to only 10%, on a loan of $400k borrowers would need to find another $24,000 of after tax income (assuming its not an investment property) to pay the mortgage. Many would find that a struggle
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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#796 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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But if you are locked into a mortgage and the value of the house drops below what you owe then that is NOT a winning position.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#797 | ||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,508
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Markets go up and down, if its a short term thing then yeah, you may get screwed. But there is such thing as refinancing a loan like i did to stop the rediculous interest. In the long term things will go up. But thats if you do your reaserch. If you buy in a boom town then the boom goes away, well thats a lost bet. But if its a place you want to or intend to live in for years and years then its more of an annoyance. So its the finance im getting at here not the property value, because regardless of the property value, you still have to pay what you bought it for. Even with the slump at the moment if i sell my place the mortgage would be covered, and there would be another few hundred grand on top. Thats not a profit though. I need a house to live in so with the market growth in the past few years i might end up with a deposit and stamp duty paid, but the rest goes into getting house with the loan on top and its not going to be that much better then where im at now. If anything at all.
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#798 | ||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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If it drops 75% there will be no new building could not build new for the price of old house with 75%drop in price. What a further depressionary impact that would be on the economy no further construction.
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
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#799 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,372
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#800 | ||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,758
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#801 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
Only way is if you owe nothing or very little.. Big property portfolio with lots of debt that's been interest only = up the creek. |
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#802 | |||
Guest
Join Date: Aug 2018
Posts: 1,892
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Quote:
One of My Brothers Bought a Town house in Dublin Ireland in 2007 for 385,000 Euros.. in 2009 It's market value was assessed at 160,000 Euros...( 59% drop in value) They're both back here working to keep the payments Up.. Even Today Its market value is only about 200-220,000 Euros. It's going to be Years before the Loan Payout figure & Its market Value Meet. |
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#803 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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Quote:
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#804 | ||
FF.Com.Au Hardcore
Join Date: Sep 2005
Posts: 1,370
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"Did you hear the joke about the Irish property investor ??"
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#805 | |||
Peter Car
Join Date: Dec 2004
Location: geelong
Posts: 23,145
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Quote:
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#806 | ||
Guest
Join Date: Aug 2018
Posts: 1,892
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#807 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,637
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#808 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,038
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Quote:
Or they pour in so much borrowed money that the next three generations will have to repay.
__________________
Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#809 | ||
Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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It’s ok, WA will prop up the rest of the country....again
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Holden: If you cant beat them, buy them. |
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#810 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Going to ask for more gst money?
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Daniel |
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