Real Estate Ad from Australia

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    Dec 09, 2011 11:08 AM GMT
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    Dec 09, 2011 11:35 AM GMT
    But who'd be paying attention to the house?
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    Dec 09, 2011 12:29 PM GMT
    Do you think the place cums "furnished"
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    Dec 09, 2011 12:39 PM GMT
    Lol i love that ad!
    (never actually seen it before though.)
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    Dec 09, 2011 3:37 PM GMT
    I thought the ad was beautifully done...without being perverted. The house is rather nice, too! icon_smile.gif Just two cents worth from an American.
  • a303guy

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    Dec 09, 2011 3:42 PM GMT
    Awesome. Its so refreshing to see that the rest of the world is just a wee bit more progressive than we are here in the states.

    Our prudishness, really, is rather disturbing.
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    Dec 09, 2011 4:03 PM GMT
    That real estate ad certainly shows a nice bubble...

    IMG0042_10646046.PNG
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    Dec 09, 2011 4:13 PM GMT
    It was hot and the ending was cute. That is all.
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    Dec 09, 2011 4:16 PM GMT
    I would not mind that man in my house. He would never wear clothes. Never ever.

    However, the reality is that I would most likely be the sleeping chick on the sofa. I've been known to pass an entire day like that.
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    Dec 09, 2011 4:20 PM GMT
    mattyrec saidDo you think the place cums "furnished"


    That would be the only way I would ever thinking of buying it icon_biggrin.gif
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    Dec 09, 2011 4:22 PM GMT
    Nice Ad!!
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    Dec 09, 2011 4:27 PM GMT
    So is my part of town, and with it being 32C today, thank goodness for that; it tis the season to be jolly.after all.
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    Dec 09, 2011 4:36 PM GMT
    I'm going to be in Australia in a few weeks... hmm... I might have to check out the... er... "real estate" market. icon_rolleyes.gif
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    Dec 09, 2011 4:37 PM GMT
    Nice. Clever cutting / editing as well, just to be sure we're denied a look at the "whole package". Great house as well. Well done.

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    Dec 09, 2011 6:19 PM GMT
    House? What house?icon_rolleyes.gif
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    Dec 09, 2011 6:38 PM GMT
    oh man what a view
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    Dec 09, 2011 6:42 PM GMT
    Hmm... just a day in the life around here. Except there's a bit too much ice in the yard right now.
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    Dec 09, 2011 9:05 PM GMT
    theantijock saidThat real estate ad certainly shows a nice bubble...

    IMG0042_10646046.PNG


    Your graph does not indicate a bubble as there is insufficient information to make that assertion. A real estate bubble is a relationship between demand and supply and is correlated to the overall health of the economy.

    The Australian economy is one of the strongest in the world being the only OECD economy to avoid recession during the GFC.

    On top of that demand for housing has long outstripped supply in Australia, particularly in the capital cities, and that's actual demand, not speculative demand. The proof is the dramatic rises in rental costs in recent years.

    The housing market is much more secure here as our major banks are all AAA grade at the global level. In addition investors do not have the luxury of walking away from mortgage debts when the market takes a dive so we won't experience the same fire sale the US has been through recently.

    Perhaps you need to do a little more research before grabbing the first graph you find and assuming that the rest of the world is headed down the path the US has taken?
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    Dec 10, 2011 3:57 PM GMT
    76coopers said
    theantijock saidThat real estate ad certainly shows a nice bubble...

    IMG0042_10646046.PNG


    Your graph does not indicate a bubble as there is insufficient information to make that assertion. A real estate bubble is a relationship between demand and supply and is correlated to the overall health of the economy.

    The Australian economy is one of the strongest in the world being the only OECD economy to avoid recession during the GFC.

    On top of that demand for housing has long outstripped supply in Australia, particularly in the capital cities, and that's actual demand, not speculative demand. The proof is the dramatic rises in rental costs in recent years.

    The housing market is much more secure here as our major banks are all AAA grade at the global level. In addition investors do not have the luxury of walking away from mortgage debts when the market takes a dive so we won't experience the same fire sale the US has been through recently.

    Perhaps you need to do a little more research before grabbing the first graph you find and assuming that the rest of the world is headed down the path the US has taken?


    Firstly, you do get that I was only making a joke about using a bubble butt to advertise a housing bubble yes?

    Secondly. Just about everything you just said? We in the USA once said the same thing about Japan. Good luck with that.

    http://en.wikipedia.org/wiki/Australian_property_bubble

    Here's another graph for your perusal...'

    http://upload.wikimedia.org/wikipedia/commons/0/00/Real_Melbourne_House_Prices_1965_-_2010b.JPG
    Real_Melbourne_House_Prices_1965_-_2010b

    "Over 85% of wages consumed on mortgage"? You're absolutely right. That sounds completely reasonable and sustainable (as long as you enjoy being raped).
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    Jan 09, 2012 8:05 AM GMT
    Japan has for some time experienced negative population growth. Housing demand is driven by population. House prices therefore, by right, should fall there.

    Conversely, Australia has for sometime experienced significantly high population growth for a first world nation and high economic growth and real wage growth. Couple those factors with demand exceeding supply by around 30,000 homes per year in Sydney alone and you have the primary reason for the escalation in price. Not speculation as some would have us believe.

    I'm not saying that on the surface 85% of household income being devoted to mortgages is not a worry but even a small (circa 2-3%) drop in prices as some cities here have seen in recent years is enough to see buyers flood back into the market.

    If you can show me that we could construct the estimated 250,000 homes that are needed to fill demand in Sydney alone overnight then I would agree we have a bubble.
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    Jan 09, 2012 8:09 AM GMT
    Dude you're supposed to lay down a towel on the bench if you're going to work out on it bare assed.
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    Jan 09, 2012 5:36 PM GMT
    Maybe not if it's you're own bench.



    icon_rolleyes.gif
    At least in theory. In reality, it gets a little too slippery once you break a sweat. Especially for decline moves. Don't ask me how I know.