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Was just browsing Expats forum for people living or trying to move to Australia

came across this thread people trying to sell their house before they move.

Good insight to a sellers mentality at the moment

"not giving it away"

"Valuation no where near what we wanted" etc etc.

Denial stage still here I'm afraid

http://britishexpats.com/forum/showthread.php?t=716593

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Was just browsing Expats forum for people living or trying to move to Australia

came across this thread people trying to sell their house before they move.

Good insight to a sellers mentality at the moment

"not giving it away"

"Valuation no where near what we wanted" etc etc.

Denial stage still here I'm afraid

http://britishexpats.com/forum/showthread.php?t=716593

A house is worth 10% more than the highest price ever paid for a similar house in that area, I thought everyone knew that :rolleyes:.

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Was just browsing Expats forum for people living or trying to move to Australia

came across this thread people trying to sell their house before they move.

Good insight to a sellers mentality at the moment

"not giving it away"

"Valuation no where near what we wanted" etc etc.

Denial stage still here I'm afraid

http://britishexpats.com/forum/showthread.php?t=716593

It's the ignorance that seems so extraordinary. Trying to sell something for nearly a million quid, but most seem oblivious as to why that might not be so easy any more...

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Denial stage still here I'm afraid

Yep, and I'm afraid they'll encounter even more denial from sellers in OZ :lol:

Where's Bardon, BTW? He hasn't been posting in a while

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The Aussie dollar is now at 1.5 to the £.

The Aussie property bubble is maybe even bigger than ours.

Moving there now is probably the worst in timing terms that you could have picked over the last decade.

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The Aussie dollar is now at 1.5 to the £.

The Aussie property bubble is maybe even bigger than ours.

Moving there now is probably the worst in timing terms that you could have picked over the last decade.

I thought that too. The people who are unwilling to sell up in the UK at current market clearing prices and are therefore unable to buy in Oz may look back upon the situation as a very lucky escape.

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I thought that too. The people who are unwilling to sell up in the UK at current market clearing prices and are therefore unable to buy in Oz may look back upon the situation as a very lucky escape.

Let's hope they sell then!

There seems to be a ratchet mechanism with house prices. It doesn't matter if your house doubles in value in five years, whatever you could have potentially got at the top of the market is what it's 'worth'.

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And oldie but a goodie from the other forum.

http://www.russellsh...-very-old-house

This is an interesting one, I think somebody somewhere has got a graph version of house prices in that area since the 1600s.

Reading the text I came across that quote:

Peter M. Garber, an economist at Deutsche Bank, in his book “Famous First Bubbles,” speculates that this “death threat” may have resulted in a “gambling binge” on tulip futures.

It is the funniest excuse for a bubble I have ever read. I find it interesting that a banker would not know of the creation of the Bank of Amsterdam at the time, the world's first central bank, and subsequent credit explosion.

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The Aussie dollar is now at 1.5 to the £.

The Aussie property bubble is maybe even bigger than ours.

Moving there now is probably the worst in timing terms that you could have picked over the last decade.

...yes ..out of the frying pan into a brewing firestorm.... :rolleyes:

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Was just browsing Expats forum for people living or trying to move to Australia

came across this thread people trying to sell their house before they move.

Good insight to a sellers mentality at the moment

"not giving it away"

"Valuation no where near what we wanted" etc etc.

Denial stage still here I'm afraid

http://britishexpats.com/forum/showthread.php?t=716593

According to HPCers who occasionally post links like that above, the denial stage has been the case on that forum for the last six years. Which makes is more realistic that the overoptimism / overpessimism stage HPCers have been at over the same period.

The Aussie dollar is now at 1.5 to the £.

The Aussie property bubble is maybe even bigger than ours.

Moving there now is probably the worst in timing terms that you could have picked over the last decade.

As bardon would say, come to Sydney where prices are up a massive 16% 2003-10. Some bubble.

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As bardon would say, come to Sydney where prices are up a massive 16% 2003-10. Some bubble.

That's because they went up before 2003.

graph-52.gif

Same effect happened in the UK, house prices started to rise in London around 1995/6 and only in 2000/1 did places in the north like Blackpool and Hull start to pick up.

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They might be advised to hold on. Oz prices are down in nominal and real terms (in aud at least)

http://www.couriermail.com.au/news/breaking-news/housing-prices-fall-in-year-to-may/story-e6freonf-1226084988123

Down almost 6% in Brisbane and 7.9% in Perth

The pace of falls is accelerating and the general public has at long last got it that the ponzi is over.

Big falls to come across the board.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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