Australia housing bubble

[Work Horse]

Originally Posted by Ben73

Even if house prices drop, they will increase again eventually.
Just need to buy during the drop if you can

Ahhhh no......


*Coughs* JAPAN *Coughs*

[GREGL]

Originally Posted by Work Horse

Ahhhh no......


*Coughs* JAPAN *Coughs*

Depends on foreign investment rules doesn't it. Oz is still a nice place to aspire to, and for the time being a reasonably tolerate place.

1 million Kiwis can't be wrong ?? Lol

[Work Horse]

Originally Posted by GREGL

Depends on foreign investment rules doesn't it. Oz is still a nice place to aspire to, and for the time being a reasonably tolerate place.

1 million Kiwis can't be wrong ?? Lol

I was referring to the Japanese asset bubble of the early 90's and the lost decade there.

The idea that property always increases in value after a correction was not the Japanese experience.

It could easily happen here...

[DJR-351]

Originally Posted by GREGL

Depends on foreign investment rules doesn't it. Oz is still a nice place to aspire to, and for the time being a reasonably tolerate place.

1 million Kiwis can't be wrong ?? Lol

Actually statistics last year showed that for the first time in 25 years more people moved to NZ from Aus than left NZ for Australia, the majority of those leaving Aus for NZ where Kiwis moving back home....