Comments on: Australian Property Value Watch

By: Josephine Clarey

Josephine Clarey — Sat, 21 Aug 2010 06:08:06 +0000

Notice, No Postcodes for Melbourne!!

By: Graham Shirley

Graham Shirley — Fri, 20 Aug 2010 04:28:18 +0000

As a property investor in Melbourne who lives of rental. Scott if prices fall as Harry Dent. & others predict how do you see rental returns, will they still incease with demand???

By: Scott

Scott — Mon, 16 Aug 2010 01:25:02 +0000

Hey guys,
The research is based on postcode and not the name of the actual suburb. That’s where some of the confusion may have come from because it’s just picked one suburb out of many. However, if you look at the postcode, you’ll see that it can have as many as 10 different suburbs included within it.

By: Rascuache

Rascuache — Sun, 01 Aug 2010 06:23:59 +0000

I dont see any Victorian postcodes there Scott. Sadly property prices only seem to be on the rise here. My friend recently bought a property in Ballarat, and now has an hour commute to her job in South Melbourne. I just dont see myself owning property for the forseeable future.

By: mimi

mimi — Tue, 20 Jul 2010 05:10:23 +0000

maybe try look at the rest of the WORLD property goes up…goes down…remains flat and so on to say it never goes down is hysterical ……and knieve !

By: Panfired2000

Panfired2000 — Wed, 14 Jul 2010 06:20:47 +0000

Interesting research. I live on Karragarra Island, which you say has a staggering 1197 properties that have been on the market for over 60 days.

There are around only 125 residents on this tiny 2.5km long tropical paradise and perhaps 50 houses.

Maybe your researcher needs to re-check his figures.

Regards,

Greg

By: Jane

Jane — Wed, 07 Jul 2010 15:58:51 +0000

People are arguing about numbers but the evidence in my area is the booming greater Canberra market has come off the boil in a dramatic way.

Last Feb when I bought in my suburb there was 10 2 bedroom places to chose from today there is 67. That alone may not indicate the market is tipping but the greater Canberra market is investor dominated.

Today the 5th unit in my block of flats was listed. The place is quite, clean, spacious and has a milkbar/general store 5 houses away. 20 minutes to the centre of Canberra, 20 minute walk to the suburban shops. What I consider to be a perfect location. However 1/5th of all units are currently on the market and as an owner occupier I know they are all rentals that are currently sitting vacant.

If the rest of Canberra is like my suburb then there are a lot of investors feeling the hurt and a lot of investors that are trying to sell up.

By: Michelle

Michelle — Sat, 03 Jul 2010 13:35:17 +0000

4217 – Is the post code for Surfers Paradise, one suburb on the Gold Coast, but there are thousands of units so the number of properties for sale more than 60 days doesn't seem particularly high for one very crowded postcode. Houses in the postcode take in areas like Isle of Capri and they are generally snapped up.

By: Mellydah

Mellydah — Mon, 28 Jun 2010 02:29:55 +0000

I cannot comment on all areas, however it does appear that the locations listed for QLD are regions that are heavily reliant on a particular industry, i.e. Gold Coast and Sanctuary Cove (bascially the same region) are reliant on tourism, Hervey Bay is reliant on the fishing industry, etc. If any one of these industries experiences a downturn, so to will the property market. You would be silly to invest in an area that is over-reliant on one industry type anyway.

By: Propety Value Watch « Professionalsbathurst's Blog

Propety Value Watch « Professionalsbathurst's Blog — Sun, 27 Jun 2010 23:45:08 +0000

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