tag:blogger.com,1999:blog-6955370338439917430.post3691753008656857117..comments2023-10-20T07:31:25.948-07:00Comments on Not Fooled By Property Spruikers Hype: SMH Confirms Housing 41% to 49% OverpricedNot The Greater Foolhttp://www.blogger.com/profile/07017076350566919683noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6955370338439917430.post-3562717518081338732011-03-22T19:13:58.706-07:002011-03-22T19:13:58.706-07:0012 months ago there was complete denial that real ...12 months ago there was complete denial that real estate was in trouble, but now the realization is beginning to dawn on many that something terribly serious is about to occur in Australia. Australian housing is vastly, dramatically overpriced, by all reasonable measures. The recent analysis by The Economist is right on the money, and anyone will see from the excellent blogs just how overvalued Australian housing really is:<br /><br />http://australianpropertyforum.com/pages/blogs/<br /><br />The bigger the boom, the bigger the bust, and the property boom that began in Australia in the nineties evolved into the greatest real estate bubble known to mankind. The bust that's coming will be a doozy. As 2011 unfolds the spruikers will come to understand that real estate in Australia is dead for generations. During the next two years we can expect to see vacancy rates and inventory levels surge to unprecedented levels as house prices collapse by up to 40 or 50% in most parts of Australia. This might sound extreme, over the top. But how over the top were the 200% to 300% rises in house prices we saw over the past decades. A 50% fall is nothing in the scheme of things, it just brings prices back to a fair level. The bubble is dead. Long live the new new paradigm, where an average family can finally afford a decent home in Australia. It's been a long time coming, but soon it will be time for the bears to party. Bring it on!<br /><br /><a href="http://australianpropertyforum.com/index" rel="nofollow">Australian Property Forum</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6955370338439917430.post-55665285722828075482011-03-19T14:42:17.678-07:002011-03-19T14:42:17.678-07:00The bubble just keeps inflating. I read on Austral...The bubble just keeps inflating. I read on AustralianPropertyForum.com that buying is better than renting but it's not fair that all these crazy people are overpaying for run down dogboxes in Australia when housing is so much cheaper everywhere else in the world. We have the most unfair and expensive house prices on the entire planet and these rises just keep on pricing me out! I've been promising my family for years that we'll get on the ladder but our nasty landlord keeps jacking up the rent and it's so hard for us to save up the deposit. All very unfair really. AndersB.Andershttps://www.blogger.com/profile/02469711057920894122noreply@blogger.com