zaph

Zaph's real estate adventures

336 posts in this topic

Just sold the house in Sydney, we don't need it. Back when I bought it I wrote a small function for what the return I wanted was back when I bought it and chucked that in my financial DB for annual true up of financial situation. We sold it for the value the function said and it was what the RE guy said was the guidance value.

(sold it privately because the private person got in before the RE contract became valid)

 

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Looks like Tor has been taken by a band of ninjas. Must have left is bayonet at home...

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On 09/10/2019 at 6:52 AM, Mr Medved said:

Looks like Tor has been taken by a band of ninjas. Must have left is bayonet at home...

It is not just tor, it seems everyone has been abducted.

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BTW, zaph - how is the Brisbane market now?

I’m thinking about buying a place in the next few years. Just a cheapie inner city unit. 

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13 hours ago, AndersB said:

BTW, zaph - how is the Brisbane market now?

I’m thinking about buying a place in the next few years. Just a cheapie inner city unit. 

I've noticed an uptick in my area recently. More old listings being sold and new ones selling quickly. Not yet sure if there has been an increase in prices though. 

 

 

https://www.news.com.au/finance/real-estate/brisbane-qld/spring-swing-underway-in-brisbane/news-story/dc29ff62486d11c431c771eedda3589b

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On 11/10/2019 at 11:52 PM, zaph said:

I've noticed an uptick in my area recently. More old listings being sold and new ones selling quickly. Not yet sure if there has been an increase in prices though. 

 

 

https://www.news.com.au/finance/real-estate/brisbane-qld/spring-swing-underway-in-brisbane/news-story/dc29ff62486d11c431c771eedda3589b

Thanks zaph.

So - bubbly boom time ahead again?

What's your take on the future of the Aussie economy? The previous bubble was driven by a mining boom and an impulse response to record low interest rates. What could drive the next housing bubble?

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6 hours ago, AndersB said:

Thanks zaph.

So - bubbly boom time ahead again?

What's your take on the future of the Aussie economy? The previous bubble was driven by a mining boom and an impulse response to record low interest rates. What could drive the next housing bubble?

Who knows. Perhaps in this area of Brisbane. 

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The only thing that could drive a boom is massive influx of capital (unlikely? who knows) or China/central banks stimulus (they've done it before). Maybe a world war would be a positive outcome economically if Australia was not directly involved (safe haven, provider of supplies, etc.).

IMO the country is already in recession regardless of what statistics are being trotted out by government officials. The macro indicators out of China are not positive either.

It sounds like the banks have essentially brushed off the Royal Commission so they may get back to their old habits if left unchecked... that may provide additional stimulus. The AUD continues to tank, I'm actually on the positive side of holding Russian Rubles! Good thing I'm holding USD and XAU too. I know I'm an old fart, but remember when gold was less than $1,000AUD/ounce - it is now $2,200.

A crack-up boom is possible, but I think she's dead, Jim!

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On 11/10/2019 at 6:54 PM, AndersB said:

It is not just tor, it seems everyone has been abducted.

I would like to be abducted by perky young cheerleaders but hasn't happened yet!

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On 16/10/2019 at 10:01 AM, Mr Medved said:

I would like to be abducted by perky young cheerleaders but hasn't happened yet!

Good you're still here, though!

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