Australian Money Forum

[katya]

We have recently moved to the loveliest place to live, i.e. Australia, with the family and so we've been thinking of buying a property straight away.
Well, many of those I've spoken to say the property market is going down...but why?
If the world economy grows 2-3% pa, and the growth rate is even higher is Australia..If the unemployment's the lowest and the population is growing.. Add the inflation on top of it, and here I am wondering why the property market is said to go down whereis the externe reality tells me it should grow. What did i miss?
I would really appreciate your thoughts, as I am really confused now

[wulfgar]

The rumors of the death of real estate are greatly exagerated!

[greenback]

RE will not die katya but because it has increased well beyond normal inflation rates it will correct back. The market is in a speculative bubble, just like IT stocks were back in the nineties. Just because it's housing doesn't make it special BTW. People still buy and sell IT stock, that sector is still big but all the gains were wiped out in 2000.


Best do your own research katya and come to your own conclusions. But be assured of this, the RE industry, the banks and the gov all have a vested interest in you going into hock for as much as you can afford so they will spin the data as far as they can. No one wants to a bubble popper but it's happening already! Look at the US and the UK

http://www.belfasttelegraph.co.uk/break ... 369491.ece

http://www.modbee.com/local/story/13390 ... atrick.net

[azeemi]

hi there,
i suggest you to just check this link www. westpac. com. au/internet/publish.nsf/Content/CBPR+Property+Market+Information
you can find here detailed property market trends and effected trends from 2008 to 2010
to see web page "just remove all spaces"


good luck