Post to Facebook on 7/1/2019 at 1:29 PM
Commenting on “House values set to fall up to 11 per cent in some Australian suburbs in 2019”
https://www.theage.com.au/business/the-economy/house-values-set-to-fall-up-to-11-per-cent-in-some-australian-suburbs-in-2019-20190107-p50pyp.html
Posted to The Age (7/1/2019) on 7/1/2019
Commenting on "House values set to fall up to 11 per cent in some Australian suburbs in 2019"
https://www.theage.com.au/business/the-economy/house-values-set-to-fall-up-to-11-per-cent-in-some-australian-suburbs-in-2019-20190107-p50pyp.html
Another day, another bad news! When will this end? It is always easy to join the queue of doomsayers after every Tom, Dick and Harry have waved the white flag.
Our local experts and developers do not seem to read overseas news or have any idea about historical real estate events of our neighbouring countries like Hong Kong, and now China. Obviously every soul has his own views and consoles with the saying that "it can never happen to me".
It was really sad that many professionals directly and indirectly involved with real estate, the real estate agents / agents' representatives, investment advisers, lenders, journalists, seminar gurus, building companies, etc created unnecessary hype to lure the unsuspecting and some greedy investors to invest beyond their budgets.
Ignorant mums and dads trying to help their children to get a foot in by paying the initial deposit of overpriced auction properties indirectly helps to wipe out tens of thousand of their children's future retirement fund.
History tells us that the high end properties were not immune to great drop in prices. In addition, Maslow's Hierarchy of needs also tells us that when one climbs the needs ladder, one will yearn for more of other needs.
Apartment or formerly known flats, were meant for those financially not so well off. No matter how luxurious the interior is furnished and finished, an apartment is still a box within a big block of building, sharing common space with many others. I find it cheaper to live in luxurious hotel with all the facilities and amenities covered in my package.
Besides economic cycle, family growth cycle also plays an important part in the growth and decline of a suburb or region. If timed correctly, one can own a nest egg sooner than expected.
To all the experts out there, can you tell us under what circumstances that we can see a recovery? May be my dart board throwing prediction that the real estate downward slide will stop after mid-year 2019 can be just as accurate.
Commenting on “House values set to fall up to 11 per cent in some Australian suburbs in 2019”
https://www.theage.com.au/business/the-economy/house-values-set-to-fall-up-to-11-per-cent-in-some-australian-suburbs-in-2019-20190107-p50pyp.html
Posted to The Age (7/1/2019) on 7/1/2019
Commenting on "House values set to fall up to 11 per cent in some Australian suburbs in 2019"
https://www.theage.com.au/business/the-economy/house-values-set-to-fall-up-to-11-per-cent-in-some-australian-suburbs-in-2019-20190107-p50pyp.html
Another day, another bad news! When will this end? It is always easy to join the queue of doomsayers after every Tom, Dick and Harry have waved the white flag.
Our local experts and developers do not seem to read overseas news or have any idea about historical real estate events of our neighbouring countries like Hong Kong, and now China. Obviously every soul has his own views and consoles with the saying that "it can never happen to me".
It was really sad that many professionals directly and indirectly involved with real estate, the real estate agents / agents' representatives, investment advisers, lenders, journalists, seminar gurus, building companies, etc created unnecessary hype to lure the unsuspecting and some greedy investors to invest beyond their budgets.
Ignorant mums and dads trying to help their children to get a foot in by paying the initial deposit of overpriced auction properties indirectly helps to wipe out tens of thousand of their children's future retirement fund.
History tells us that the high end properties were not immune to great drop in prices. In addition, Maslow's Hierarchy of needs also tells us that when one climbs the needs ladder, one will yearn for more of other needs.
Apartment or formerly known flats, were meant for those financially not so well off. No matter how luxurious the interior is furnished and finished, an apartment is still a box within a big block of building, sharing common space with many others. I find it cheaper to live in luxurious hotel with all the facilities and amenities covered in my package.
Besides economic cycle, family growth cycle also plays an important part in the growth and decline of a suburb or region. If timed correctly, one can own a nest egg sooner than expected.
To all the experts out there, can you tell us under what circumstances that we can see a recovery? May be my dart board throwing prediction that the real estate downward slide will stop after mid-year 2019 can be just as accurate.
