Australia's Property Boom Leads to Empty Homes

1 posted on 12/10/2015 5:32:08 PM PST by Lorianne

You’d think they’d know what comes next.

2 posted on 12/10/2015 5:35:55 PM PST by E. Pluribus Unum ("We are not a nation of immigrants. We are a nation of citizens." -- Mark Levin)

To: Fred Nerks; SkyDancer

3 posted on 12/10/2015 6:17:09 PM PST by Tolerance Sucks Rocks (Terrorism, the thing that shall not be named by the MSM)

To: E. Pluribus Unum

Hey - real estate is ALWAYS a great investment. It can only go up - they aren’t making anymore land you know!

4 posted on 12/10/2015 6:20:13 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)

Empty cardboard boxes on a postage stamp lot are not “real estate.”

5 posted on 12/10/2015 6:23:42 PM PST by E. Pluribus Unum ("We are not a nation of immigrants. We are a nation of citizens." -- Mark Levin)

To: E. Pluribus Unum

A friend calls her new condo in Seattle an “Ikea Condo”. Really nice to look at, at first. But pretty soon the cheap quality starts showing up everywhere.

6 posted on 12/10/2015 6:31:07 PM PST by 21twelve (http://www.freerepublic.com/focus/f-news/2185147/posts It is happening again.)

I better hustle my butt over there. This fits one of my major themes; buy hi, sell lo!

7 posted on 12/10/2015 6:33:08 PM PST by umgud

Canada is closer and they’re doing the same there.

8 posted on 12/10/2015 6:38:41 PM PST by Neidermeyer ("Our courts should not be collection agencies for crooks." Ã¯Â¿Â½ John Waihee, Governor of Hawaii, 1)

To: Tolerance Sucks Rocks

Australia New Home Sales 1999-2015 | Data | Chart | Calendar | Forecast New home sales in Australia fell 3.0 percent month-on-month to 7463 units in October of 2015, the lowest in since October 2014, following a 4.0 percent drop in a month earlier. An increase of 1.0 percent in multi-unit sales offset a 4.0 percent drop in the detached segments. Among detached housing, sales declined the most in Victoria (-9.3 percent), followed by Western Australia (-5.4 percent), Queensland (-0.9 percent) and New South Wales (-0.8 percent). In contrast, sales in South Australia grew by 2.6 percent. New Home Sales in Australia averaged 8705.58 from 1999 until 2015, reaching an all time high of 20768 in March of 2001 and a record low of 5186 in September of 2012. New Home Sales in Australia is reported by the Housing Industry Association (HIA).

NEW HOME SALES

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They based this report on the amount of toilet flushes? Looks like there were 53 less new homes sold between December 2014 and October 2015. IN THE WHOLE COUNTRY. I wouldn't get my knickers in knot over it. Real Estate sales go up and down like a yo-yo. Almost all of those houses where no one is flushing the toilet might well be located in the mining towns - where people can't sell, not for love nor money, because the jobs have almost all gone.

9 posted on 12/10/2015 6:39:35 PM PST by Fred Nerks (FAIR DINKUM!)

To: Tolerance Sucks Rocks

one example:

...There are dozens and dozens and dozens of vacant houses sitting there in Nhulunbuy with brown lawns...

http://www.abc.net.au/news/2014-11-12/housing-crisis-nhulunbuy-as-rio-tinto-homes-empty/5885092

And no one is flushing the toilets there either.

10 posted on 12/10/2015 6:48:05 PM PST by Fred Nerks (FAIR DINKUM!)

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