House prices

Blowin's picture
Blowin started the topic in Friday, 9 Dec 2016 at 10:27am

House prices - going to go up , down or sideways ?

Opinions and anecdotal stories if you could.

Cheers

donweather's picture
donweather's picture
donweather Monday, 30 Sep 2024 at 10:35am

Here's a rather scary stat!!!

"Super assets are 145 per cent of Australia’s GDP, compared to 108 per cent a decade ago – the fastest growth versus GDP of any country. Consultants Deloitte projects that super assets will grow to about $11 trillion by 2043, or close to 200 per cent of Australia’s GDP."

GreenJam's picture
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GreenJam Monday, 30 Sep 2024 at 1:46pm

g'day Freeride - unfortunately yes, they've started again, pretty much as soon as I returned home from the winter escape. Damn it! Couple of nasty ones, plenty of smaller ones. Went to an immunologist this morning, will re-run the alpha-gal tests, but he seemed to think it's probably not a big concern given I havent had a full-om anaphylaxis reaction. I imagine the ticks are in full swing at your place too?

and I fully hear you again spookypt - my overall physical and mental health are better when I'm at the beach, swimming as much as possible, and a daily walk on the beach at the very least. I know I will return to that lifestyle in the near future. I'd actually be stoked to be in your position just 5 minutes from the water, but yeah, walking distance is the ultimate hey. Crazy prices. I'd started to consider Tewantin...

garyg1412's picture
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garyg1412 Monday, 30 Sep 2024 at 2:43pm
donweather's picture
donweather's picture
donweather Monday, 30 Sep 2024 at 3:46pm
freeride76's picture
freeride76's picture
freeride76 Thursday, 10 Oct 2024 at 7:53am

jeezuz- whats a block worth Udo?

ryder's picture
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ryder Thursday, 10 Oct 2024 at 7:59am

What happened to that hotel re-development in Crescents. I was there in August and looks like they ran out of money...

stunet's picture
stunet's picture
stunet Thursday, 10 Oct 2024 at 8:04am
freeride76 wrote:

jeezuz- whats a block worth Udo?

$650K for 650m2, from memory.

I drove past it a few times last week. The sloganeering is top notch, leaning heavily on the surf vibe. Wouldn't be surprised if the streets cop some Salt Beach nomenclature. Malibu Road, Rincon way, maybe even Crescent Crescent.

Also, FWIW that little hill in the background, it's just opposite the entrance to the estate on the backside of Big Nobby down to the north end of Goolewah, was the first native title claim on mainland Australia. Now handed over to the NPWS.

udo's picture
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udo Thursday, 10 Oct 2024 at 8:41am
ryder wrote:

What happened to that hotel re-development in Crescents. I was there in August and looks like they ran out of money...

Opening Nov 1st
https://www.escape.com.au/destinations/australia/nsw/ksubi-designers-sea...
https://mailchi.mp/seaseahotel/sea-seas-board-room

donweather's picture
donweather's picture
donweather Thursday, 10 Oct 2024 at 9:19am

New house listings in September reach 9-year high.

It's starting people!!! We all know what happens when supply increases.

garyg1412's picture
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garyg1412 Thursday, 10 Oct 2024 at 2:48pm
udo wrote:

https://www.thecrescentestate.com.au/?gad_source=1&gclid=EAIaIQobChMI2K3...
https://www.instagram.com/p/DASjd9Bt_lv/?img_index=1

You gotta have a chuckle at this type of cheesy marketing. How's the beach scene with the 4WD on it. Looks like the Tullamarine Freeway without asphalt. Not much space for your beach towel and pop up shade tent!!!
Wonder how much they paid the other 500 punters to stay out of the water while they took that longboard footage.

garyg1412's picture
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garyg1412 Thursday, 10 Oct 2024 at 2:51pm
donweather wrote:

New house listings in September reach 9-year high.

https://www.youtube.com/watch?v=xV4Rt7yOI5A

It's starting people!!! We all know what happens when supply increases.

The answer to your question Don is that real estate agents actually have to do some work.

basesix's picture
basesix's picture
basesix Thursday, 10 Oct 2024 at 3:27pm
stunet wrote:

Wouldn't be surprised if the streets cop some Salt Beach nomenclature. Malibu Road, Rincon way, maybe even Crescent Crescent.

heading east in Middleton, SA, always got increasingly itchy around 'surfers way', as the streets descend from local-surname, to hang-10 dreaming, to tiki coin-toss.. bondi, manly, miami, waikiki, tahiti, tonga.. I guess at least sloppy grey winter onshores suggest an endearingly aspirational irony..

AndyM's picture
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AndyM Thursday, 10 Oct 2024 at 4:34pm

I was tickled when Ulmarra Shire Council and Nymboida Shire Council amalgamated to form Pristine Waters Council.

Pristine Waters!

A lovely bit of marketing completely devoid of cheese or hyperbole!

"But, but, I wanna be effluent!"

"You are effluent darling!"

tubeshooter's picture
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tubeshooter Thursday, 10 Oct 2024 at 6:46pm

Salt definitely went overboard with the street names.

I can think of a couple off the top of my head for this Crescent estate.
Kook Close
Loggers Lane
Hipsters Parade
Wellbeing Way
Instagram Place

AlfredWallace's picture
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AlfredWallace Thursday, 10 Oct 2024 at 9:01pm
tubeshooter wrote:

Salt definitely went overboard with the street names.

I can think of a couple off the top of my head for this Crescent estate.
Kook Close
Loggers Lane
Hipsters Parade
Wellbeing Way
Instagram Place

Overload Circuit,
Broken Dreams Blvd,
Sunset Strip,

etarip's picture
etarip's picture
etarip Thursday, 10 Oct 2024 at 9:15pm

Snake Alley
Drop In Drive
Burn Lane
Chandelier Circuit
Shoulderhop Close
(Last minute) Pullback Place

AlfredWallace's picture
AlfredWallace's picture
AlfredWallace Thursday, 10 Oct 2024 at 9:36pm
etarip wrote:

Snake Alley
Drop In Drive
Burn Lane
Chandelier Circuit
Shoulderhop Close
(Last minute) Pullback Place

Nice one Etarip (reverse pirate !,).

tubeshooter's picture
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tubeshooter Thursday, 10 Oct 2024 at 10:08pm

Reiki Road
Shaka street
Just head east from Kempsey on the Midlength Motorway

stunet's picture
stunet's picture
stunet Friday, 11 Oct 2024 at 8:05am

If I were a developer:

Potholes Road (save on asphalt!)
Tombstones Street
Taboo Place
Voodoo Crescent
Cactus Drive

GuySmiley's picture
GuySmiley's picture
GuySmiley Friday, 11 Oct 2024 at 8:20am

Has anyone got that old Michael Leunig cartoon showing a real estate agent with a beak on his face trying to sell a piece of sky to two birds standing on his desk?

Pop Down's picture
Pop Down's picture
Pop Down Friday, 18 Oct 2024 at 6:26pm

The UBS 2024 Global Property Bubble Index .

How many years for the average skilled worker to buy a Cool Condo near a city .

In first spot HK 22 , Tokyo 14 , Paris 13 ( dropped 20% from pandemic highs ) , London 12 , TEL Aviv 10 , Sing 10 , SYDNEY 9 , NY 8 , LA 7 .

I would rather live in Sydney , again , than in any of the other cities .

indo-dreaming's picture
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indo-dreaming Saturday, 26 Oct 2024 at 9:41am

"Surfing legend Mick Fanning lists luxury home with skate ramp"

Article:
https://view.com.au/news/national/surfing-legend-mick-fanning-lists-luxu...

Listing:
https://view.com.au/property/qld/tugun-4224/5-farrell-drive-16147033/

Expected to go for about 4 million

Not on the beach or no water views, but still a nice location and very big block for the Goldie(at least that close to coast), nice house but nothing too crazy.

Would probably be a 1.5 million dollar property outside of a built up or hip area.

AndyM's picture
AndyM's picture
AndyM Saturday, 26 Oct 2024 at 5:02pm
indo-dreaming wrote:

"Surfing legend Mick Fanning lists luxury home with skate ramp"

Article:
https://view.com.au/news/national/surfing-legend-mick-fanning-lists-luxu...

Listing:
https://view.com.au/property/qld/tugun-4224/5-farrell-drive-16147033/

Expected to go for about 4 million

Not on the beach or no water views, but still a nice location and very big block for the Goldie(at least that close to coast), nice house but nothing too crazy.

Would probably be a 1.5 million dollar property outside of a built up or hip area.

Indo are you suggesting that a place closer to the coast or closer to a desirable area might be more valuable?

indo-dreaming's picture
indo-dreaming's picture
indo-dreaming Saturday, 26 Oct 2024 at 6:40pm

No i dont think that needs to be suggested, i think everyone knows that is true.

AndyM's picture
AndyM's picture
AndyM Saturday, 26 Oct 2024 at 6:56pm

Was an odd thing for you to point out.

indo-dreaming's picture
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indo-dreaming Sunday, 27 Oct 2024 at 6:48am

Each to their own but i dont think so.

I often look on realestate.com at different areas but not the Goldie so its kind of interesting to see what 4 million gets you, which while a nice modern house, it's definitely not over the top or even that big (only 3 bed 2 bath)

But yeah a block of that size(1,269m2) that close to the beach must be pretty rare on the Goldie, the block itself must be worth 3 million plus which is crazy.

But then again there is blocks just down the road from me for 1 million a pop half the size with maybe dune views and blue water glimpses at best.(they have been on the market for years and not sold though)

We all know how crazy the real estate market is these days, but it still does blow you away at times.