By: dolphinsinthebay
24/11/2008
3:00 am Yahoo! Profile:
dolphinsinthebay Did this message offend you?
Sign in to report abuse |
Reply to this message |
My self and my husband is on pension we have three children one my older daughter she is 16 study on Agricultural. She want to work on horse or cow breed when she finish her study . I would like to find four bedroom home that we have been renting for 20 yrs . Now wanting to own first home buyer but not sure which area in QLd to buy house of our own this is my wish for my kids sake .
Regards K.R Brisbane ( Deaf myself & my husband is sick Ills) Ps I would love to hear from anyone out there .Or any Advice pls |
|
By: wizbeysmugfarter
24/11/2008
10:53 am Yahoo! Profile:
wizbeysmugfarter Did this message offend you?
Sign in to report abuse |
Reply to this message |
"where can l buy cheap home in QLD ?"
HAHAHAHAHAHA!!!!!!!!!!!!! !!!!!!!!!!!!
Logan is about it |
|
By: wizbeysmugfarter
24/11/2008
10:54 am Yahoo! Profile:
wizbeysmugfarter Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Well brisbane is out, the prices here are so over inflated at the moment. |
|
By: monkey_pie1
24/11/2008
11:23 am Yahoo! Profile:
monkey_pie1 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Up North has some cheaper places that might be of interest.
It's hot, though.
There's also a very large Deaf community up here and they are very supportive for other deaf people joining the area. |
|
By: nessa_sarily_so
24/11/2008
11:46 am Yahoo! Profile:
nessa_sarily_so Did this message offend you?
Sign in to report abuse |
Reply to this message |
| You'd be crazy to buy anywhere without actually having a holiday first and checking places out. Everyone is different - so its near impossible to recommend anything. |
|
By: pathogan70
24/11/2008
12:29 pm Yahoo! Profile:
pathogan70 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Everybody has a different idea whats the perfect place to live, but the rule of thumb would be that if you find a cheap place, theres a reason for it. My opinion would be look at maybe a house in less-than-perfect condition on a good piece of land in an area you like, instead of a really great house out in the boonies somewhere. |
|
By: never_knew_that
24/11/2008
2:03 pm Yahoo! Profile:
never_knew_that Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Gee where in "logan" do you consider "cheap" & what price in your opinion is cheap???????? |
|
By: pansi1951
24/11/2008
2:50 pm Yahoo! Profile:
pansi1951 Did this message offend you?
Sign in to report abuse |
Reply to this message |
A little advice if I may. Now is not the best time to buy a house. The boom is over and prices will drop over the next one/two years. If you can at least hold off until just before the first homeowner grant expires in June 09, you will get a far better deal. Qld is way over priced, there is no such thing as a good deal, you will pay at least 50% more than the property is actually worth, top dollar for a dump.
But don't let that info stop you if you have your mind made up. Maybe rent up here first, see if you can take the heat and humidity. |
|
By: hardly_helpful
24/11/2008
3:01 pm Yahoo! Profile:
hardly_helpful Did this message offend you?
Sign in to report abuse |
Reply to this message |
| well if you have less than $1million, don't bother coming to queensland.......go to zimbabwe instead......they love deaf and dumb people........ the place is full of them |
|
By: wizbeysmugfarter
24/11/2008
3:41 pm Yahoo! Profile:
wizbeysmugfarter Did this message offend you?
Sign in to report abuse |
Reply to this message |
"Gee where in "logan" do you consider "cheap" & what price in your opinion is cheap????????"
Jeeesus! Have a look around! Not hard to see how cheap houses are in logan compared to else where.
But then again, what you dont pay in price for the house is made up in the difference in house and contents insurance and the rest lOl |
|
By: nessa_sarily_so
24/11/2008
4:10 pm Yahoo! Profile:
nessa_sarily_so Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Don' they want rural? If you want to raise horses and cattle you need more than a quarter acre. |
|
By: pansi1951
24/11/2008
4:31 pm Yahoo! Profile:
pansi1951 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| dolphinsinthebay....don't take any notice of hardly_helpful, they've got a self esteem problem. |
|
By: move_forward_in_life
24/11/2008
8:22 pm Yahoo! Profile:
move_forward_in_life Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Have you tried more out west such as places like kilcoy, Fernvale, Esk, Lowood and Ipswich to name a few?. What about out near Wivenhoe Dam or Dalby?, go west my boy / girl. |
|
By: brianbarry_thedogman
24/11/2008
9:16 pm Yahoo! Profile:
brianbarry_thedogman Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<A little advice if I may. Now is not the best time to buy a house. The boom is over and prices will drop over the next one/two years. If you can at least hold off until just before the first homeowner grant expires in June 09, you will get a far better deal. Qld is way over priced, there is no such thing as a good deal, you will pay at least 50% more than the property is actually worth, top dollar for a dump.>>
Currently in Australia there is a shortfall of approximately 100,000 houses. This is expected to rise to about 120,000 next year and 125,000 in 2010.
Queensland accounts for approximatly 70-75% of that figure so do not expect the demand (and thus prices) to fall as interstate migration increases as a result of the increase in unemployment takes hold.
The belief that prices will fall is imaginary.
ABS figures show that since 1985 there have been only 2 years that the average price for housing in Queensland fell and the fall was about 1% in both cases. In those years unemployment was high as were interest rates.
The average increase over the years since 1985 has been 13%. So don't hold you breath waiting for the fall in prices. |
|
By: wizbeysmugfarter
24/11/2008
11:53 pm Yahoo! Profile:
wizbeysmugfarter Did this message offend you?
Sign in to report abuse |
Reply to this message |
"The average increase over the years since 1985 has been 13%. So don't hold you breath waiting for the fall in prices."
They are falling where i am. Not by a massive amount but they are falling none the less.
Ive seen houses in my street (ave 3bed homes) drop from 400k - 420k down to 320 - 330k. |
|
By: brianbarry_thedogman
25/11/2008
7:40 am Yahoo! Profile:
brianbarry_thedogman Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<Ive seen houses in my street (ave 3bed homes) drop from 400k - 420k down to 320 - 330k>>
A quick question. The price drop. Is this from a house purchased for $400k and is now on the market for $320k or is this a general reduction in the asking price? |
|
By: wizbeysmugfarter
25/11/2008
9:00 am Yahoo! Profile:
wizbeysmugfarter Did this message offend you?
Sign in to report abuse |
Reply to this message |
"A quick question. The price drop. Is this from a house purchased for $400k and is now on the market for $320k or is this a general reduction in the asking price?"
From what i can tell its a price reduction. People dont seem to be buying in this area.
there are alot of houses on the market round here that have been on for a while now and just now selling. Partially i think its because people tried to sell at the wrong time ( i think).
Im no property expert but from what ive seen around the local market things appear to be in the decline. |
|
By: pansi1951
25/11/2008
9:15 am Yahoo! Profile:
pansi1951 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Definitely in the decline almost everywhere. By the end of next year the prices will have dropped considerably, possibly as much as 30%. People are not buying and more properties are going on the market. The only way to sell is to drop the price and this is whats happening.
Over supply of houses for sale, credit harder to get, people waiting to see what happens with job loss etc.
The BOOM is over!!!!!! |
|
By: ath_air_siochain
25/11/2008
9:41 am Yahoo! Profile:
ath_air_siochain Did this message offend you?
Sign in to report abuse |
Reply to this message |
| wait until July 2009 75% drop, that will bring property back to a true value, landlords and moneylenders are in for a beating, yet they still recieve handouts from the government, Banks and developers are the ones recieving welfare, they are bludging of the taxpayer. |
|
By: ath_air_siochain
25/11/2008
9:44 am Yahoo! Profile:
ath_air_siochain Did this message offend you?
Sign in to report abuse |
Reply to this message |
| check out the US Market, you can buy a house with 10 bedrooms 4bathrooms close to everything in Nebraska for$25.000, if that happens here , the poor will become rich, and the rich will become poor, woopee |
|
By: beachsunriver
25/11/2008
10:31 am Yahoo! Profile:
beachsunriver Did this message offend you?
Sign in to report abuse |
Reply to this message |
Pansi and Siochain. Your predictions are nothing more then your own personal wishes. Yes, you`d like to see the downfall of landlords. We can all see that.
In actual fact your predictions are really little more then your own personal wishes.
You would love to see hundreds of thousands of young families homeless. They would owe double of what their homes are worth should your wish come true.
You would actually be happy to see so many australian families lose their homes to get back at a few landlords.
As I said in earlier posts, your predictions are completely innaccurate. They are more dreams of yours then anything else.
Your biased opinion of landlords has clouded your vision. You speak through your emotions of hatred and jealousy and this is why they are not anywhere near the truth.
So to the person who sent the original question. It is my opinion that now is a good time to buy. Yes there has been a slump in the building industry, but what better time then a time when builders need the work.
Building quotes are very competitive, interest rates are down and the first home owners grant is up. I believe, this will cause a slight rise in property prices so nows the time. |
|
By: brianbarry_thedogman
25/11/2008
10:33 am Yahoo! Profile:
brianbarry_thedogman Did this message offend you?
Sign in to report abuse |
Reply to this message |
ABS statistics show that there is a shorfall of dwellings. The fact that there are a lot of housees for sale indicates that people are panicing and yes some will loose money on the sale but overall you will find that most will sell for more than what they paid for them.
I agree the boom is over but history has shown that even in non boom times there has been an increas in the price of homes (as compared to when the home was purchased). Maybe not as much as last years prices but still an increase.
As for a 30% or 75% fall. I don't think that this will happen. It has never happened before and despite all the doom and gloom in the papers the economy is not in that bad a shape.
We have virtually 100% employment (it is a adopted statistic that 4% of the people are not employable) low interest rates, a Govt that is spending on infrastrucutre (though I do not agree with the speed at which they are doing it) all the things that indicate a resonably soft impact.
I would be more concerned if the conditions were not like this. |
|
By: brianbarry_thedogman
25/11/2008
10:47 am Yahoo! Profile:
brianbarry_thedogman Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<wait until July 2009 75% drop, that will bring property back to a true value, landlords and moneylenders are in for a beating, yet they still recieve handouts from the government, Banks and developers are the ones recieving welfare, they are bludging of the taxpayer>>
If they are bludging on the taxpayer who is paying the taxes? I am a land developer and I can tell you I get no govt subsidy and I pay a s***load of taxes.
Now seroiusly how do you expect prices to drop 75%. This would mean that a $400,000 house would sell for $100,000.
Local Cuouncils charge up to $75K per lot (actual cost for one development we did was $74,865 per lot which went into the Council coffers. We then had to build the roads etc which cost $65 per lot, buy the raw land ($55k per lot) sell it etc and then the purchasers had to build the house (materials for a small 3 bedroom house would set you back about $80 without any labour).
I know some land is cheaper but it is either in the middle of nowhere or it was developed prior to Councils being able to levy the infrastructure charges that they now do and thanks to the State Govts these are expected to increase by another 50-100% next year once the full impacts of the priority Infrastructure Charges come into play.
Consider also that even if developers went broke and the banks took over the the sites they would simply land bank the projects rather than sell it at a large loss.
So if you are expecting prices to drop 75% then mate you have a long wait. |
|
By: nessa_sarily_so
25/11/2008
11:37 am Yahoo! Profile:
nessa_sarily_so Did this message offend you?
Sign in to report abuse |
Reply to this message |
Brian there are a load of over committed people in this country. It won't take much - a job lose - and they will be looking at bankruptcy. Without that second household income they can't pay the mortgage. The houses are then on sold for whatever the bank can get for them.
If the home owner and the bank lose on the deal...well thats the way the cookie crumbles. Its happening all over the states. |
|
By: brianbarry_thedogman
25/11/2008
12:28 pm Yahoo! Profile:
brianbarry_thedogman Did this message offend you?
Sign in to report abuse |
Reply to this message |
<<Without that second household income they can't pay the mortgage. The houses are then on sold for whatever the bank can get for them.>>
Yes I agree some will be sold this way and have been sold this way in the past. But on average prices just don't fall the way some people expect them to.
As I said ABS stats show on averge there has been a 13% increase each year between the price paid for a property and that when it is resold. There have been some highs and some lows but only twice being negative returns have been shown.
As far as the banks are concerned I know how they work and also know how they manipulate the system to sell houses at a Morgagee defult sale, buy them themselves through agents and then re sell later when things pick up.
Yes the house owners looses out but that is the system.
An interesting fact that was presented at a bank sponsered seminar that I went to last week is the figure brandied about in the press is the number of people who are sufferng mortgage stress (800k - 1m or so are supposed to be suffering). Bank records and stats indicate that only 17,000 people are more than 3 months in arrears with their mortgage payments. A figure that has not changed much in the last 10 years.
Also research has found that 90% of vendor don't really "need" to sell. Most are selling simply because they want shift somewhere else for personal reasons or are upgrading.
Of the remaining 10% only 3% of homes are on the market because of finacial (ie mortgage stress) reasons.
They did stress however, that the figures were 3 months old but indications were that the market is not expected to change all that much. |
|
