Where are Australian property prices heading, as a school leaver and new to the workforce, should i?
Thursday, May 6th, 2010 at
3:29 am
Take on huge debts with mortgages or is the market going to crash ? if yes when ? if no, what makes you say that, and how much will u compensate me if im stuck with huge debts and diminished property price.
Rent Back
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Tagged with: Crash • Debts • Mortgages • Workforce
Filed under: property crash
Terwijl het waar is dat makret enigszins van een " ziet; slump" op het ogenblik, zal de bezitsmarkt nooit verpletteren zoals de effectenbeurs zeggen. Het investeren in bezit is bijna altijd een zeer stevige investeringsstrategie Op lange termijn. Het vinden van een gebied dat zowel betaalbaar nu aan u en waar u verwacht grotere winst in de toekomst is is een ingewikkelder beetje. In het algemeen, is Zuid-Australië de enige plaats in Australië geweest waar er eigenlijk de negatieve bezitsgroei is geweest. Ik zou dan voorstellen dat als u een investering bekijkt u in plaats daarvan in of binnenstad Adelaide OF WA (hoogste groeipercentage in Aus) of Melbourne bekijkt en als u zich het, Sydney kunt veroorloven. Raadpleeg eerst uw financiële adviseur of accountant maar er zijn vele beschikbare kansen. In Sydney bijvoorbeeld, overal rond Redfern " block" aanbiedingen enorme kans. Terwijl het een krottenwijk en op het ogenblik een getto is, wordt het gerenoveerd in de volgende 5-10 jaar die verbazende winst voor iedereen bereid zal brengen om het risico nu over te nemen.
In past years Australian house prices have been going up, but now they are steady. It is likely that the prices will continue to rise in the future, as the economy is quite good. Adelaide is currently experiencing price growth greater than Sydney and Melbourne. Unfortunately the trend seems to be that interest rates are going up so that will make repaying the mortgage harder. Adelaide is a good place to buy, as there are still good value properties that cost much less than equivalents in the eastern states. As a new homebuyer investing in a house is a good idea, as it is an asset you will always have.
Up,Up,and away pal. Ofcourse there are slumps in the market every now and again, but house prices will keep going up just like everything else does, the worry is that interest rates go up as well, thats the problem. I bought my first property in 1978, a four bedroom house in the outer subs of Adelaide for $45,000 its now worth $345,000 so u do the math. I just wish I had of bought more, yes it seems expensive today but most people are earning a heck of a lot more as well, My wage in 78 was $285 a week, now my son earns $800 per week in a factory that seemed unbelievable back then so If you have a decent job and making decent money get out there and buy your first place, dont go stupid but buy something nice and average in a fairly decent suburb and in twenty years time you will be happy you did.You could also try and just buy some land in areas that will one day boom, do some digging around and find out where, In Adelaide a frined of mine bought 10 acres in Virginia 5 years ago for $200,000 and now its worth $1,000,000 because the developers have come in and are building new suburbs and they want land, Houses and land will always go up in value, good luck and I hope you do it.