The Australian Real Estate Bubble Is Now Popping 2011!!! 40% drop forcast

[willbangers]

This is stupid of course they are for sale its a new area -_-

[willbangers]

I think people are a little bit confused with this. This is different to what the U.S. property market was like in 2006-2008. You see we have renting availability at an all time low its getting close to 0.6% where I live. Some housing inspections for renting are getting 40-50 people turn up so there is a lack of houses. So demand is high giving it steady growth The price of rents is pretty much higher then the average repayment. It was the opposite in the U.S.

[2305toby]

I'm smarter than you mate. Trust me. I also have more money than you

[jpr12345678]

STILL FOR SALE NOW 23-2-2012



[troglodyte2084]

To know the true value of property, imagine a cash only market. Anyone have several hundred grand saved up? Most people have no savings. If the credit dries up this thing will tank like a bitch.

[2305toby]

your a bogan. You make us all sound like we are retarded. four salle.....forrrrrrr salle .... bogan

[jpr12345678]

@2305toby you probably are retarted you dick head

[MrToby9999]

Prices are still increasing in many suburbs!!

[jpr12345678]

@MrToby9999 lol



[mrbeanbag]

$299000 in this area buys you a nice house on a big block. Good deal if you have a job in say Ipswich.

[jpr12345678]

@mrbeanbag lol these are 480k-525

[mysupermaltese]

My goodness! Feel sorry for the developers! Lots of works into these houses! Solar panels, water tanks.... I wish them good luck selling these houses, otherwise they will be in so much financial stress!,

[realdeal444]

what's with the low flying fighter jet?

[MbootwoKcoonie]

Hi Mate What is the name of the suburb ? Might make an offer on a property there. ?

Thanks for your reply in advance.

[parkeradz]

... grass probably looks like shite now too ..

[parkeradz]

hey jpr can you post an update .. i'm keen to see if those contracts have fallen through and if anyones flogged that reo yet

[TheJDorian]

Most people seem to only remember property going up after 1980 and nothing before that.

[tonismith6978]

Property prices in Sydney is way over priced.

The ratio to income is now 10+ times who can pay this?

Even if you can who can pay for the next 30 years?

Average income is around 50K PA so average house should be around 150K - 200K in average house in sydney.

When my father first bought a property back in 1974 2 bed flat cost was 9K his income was 3K PA so we are getting ripped off.

[jimmy76slip]

Another loser who most probably cant afford a property anyway! Driving through an estate that nobody wants to live in doesn't necessarily equate to a bubble. PS. i couldn't hear you most of the the time coz those fighter jets were quite loud. maybe another reason this stretch of real estate is doing it tough :)

[jpr12345678]

@jimmy76slip It looks like you signed up to youtube just to comment on this video why are you watching this video? If you are so sure the maket is in great shape. Are you getting a bit worried your one and only house the one you live in is going to drop in value and you will be underwater? I sold my house and other properties end of Oct 2010 it has worked out great so far

[GMBCATASTROPHE]

@jimmy76slip Oh right. No bubble to see here then hey dopey? Of course there is a bubble. We are about the only country left that hasn't had a major real estate correction. 

[2000sand1]

@GMBCATASTROPHE Here in Brazil the bubble is getting bigger by the hour. Crazy times! People believe the prices will go up forever. 

[cicatrixta]

love how meantime fighter jets wargame in the background...!

[wesleytarbuck]

just reading the comments here, its really scary how many australians are stupid enough to think (even now - with the writing on the wall) that real estate is going to keep going up and up and up. Especially in the capital cities. Were not immune from this global shit, we're too reliant on china, and they have a massive property bubble of their own. If i were buying my own home again, i'd be waiting till 2015 or something like that, investment properties no so important, let it pass.

[cityslickeroz]

The bubble has burst!!! wake up Australia

[georgio181526]

What a moron obviously the product of the under funded Australian education system, there has never been a better time to buy a property in Australia. Low interest rates, strong rental markets make most investment properties positively gear. Rents increased 17% here in Perth last month. Good Time to buy was last month!!!

[wesleytarbuck]

@georgio181526 you seriously have to be kidding? the fundamentals of economics are no different in the US, UK or australia. our property is some of the dearest in the world, with a credit callapse, prices have no where to go but down. Prices may keep up where your close to mining, but how long do you think the mining boom will last if we go to war with china, do you think obama will let us send iron ore / coal to china down the track? i dont. Mining boom here is the next bubble.

[nick081980]

I find it amazing that this clown who probably knows nothing about the property market gets 7800 views , however the videos from rp data , REA or ray white, hocking stuart and so on get less than 1000 views( if they are lucky more like 100 views). if this is where people are getting there info from . good luck to us. garbage!

[wesleytarbuck]

@nick081980 you must be a real estate agent. we are in a massive property bubble.

[jvolstad]

Those are some ugly looking houses. Looks like government housing. I saw the Air Force fighter jet in your video. Maybe they can house the toops in these properties.

[Hetman1974]

I have a mate in Real Estae and he said buyers are offering 40% less than what the venfors want. If the Vendor is forced to sell, they are screwed.

[13doniva]

I'm still waiting for the 60-70% ppty mkt crash, which was suppose to be about 2yrs ago. Anyone's thoughts?

Doesn't look like anything is going to happen with the Australian economy growing steadily. I think I might keep on renting :(

[TheTopBloke]

@13doniva In Australia rent is generally far cheaper than owning. You might as well keep renting, because there's no genuine reason to own a home beyond actually saying you own your home. Why pay $3k per month for a mortgage when you can pay $1500 per month for the same property and walk away at the end of the lease? Keep renting. No shame in renting. I sold and from a financial standpoint I'm glad I did.

[13doniva]

@TheTopBloke

Yes, that's great you just keep renting buddy. I don't have a problem increasing rent on my properties. I love your mindset, you just keep paying my mortgages. I really don't have a problem with that : )

[DavidAKZ]

@13doniva tinyurl . com / c455kmc

[wesleytarbuck]

@13doniva it wont happen properly until the credit truly runs out, were getting very close to that now. Our central bank here could very well start 'easing' here, and increasing the home owner grant to buggery to get it going again, it all has to come back to earth sooner or later. You can buy plenty of positively geared rural property for 100 - 150k with little deposit. In the great depression everybody went to the farms, and farmland was a better investment than gold. think rural.

[murdamcloud]

For anyone who believes that China can sustain the worlds consumption or production, google China PMI november. They are on the downward stroke...This will impact our one trick pony economy. The problem is so much bigger than whether one estate has houses which sell or not...much bigger. And most of the problem is indebtedness-from countries to individuals. Debts that cant be paid wont be paid. And we're talking the biggest debts the world has ever seen. What happens when debt's can't be paid?

[TheTopBloke]

@murdamcloud I think it's because people are just simply sick and tired of cheap Chinese junk at the store. Fortunately this means we'll see quality and pride of workmanship coming back to manufactured goods, and most likely those products will not be coming from China.

[13doniva]

@murdamcloud

Yes. You should run for PM. Fuckin know it all conspiracy theorist.

[murdamcloud]

@13doniva Opinions are like a-holes...everyone has one. Except for you. You seem to have two.

[LOGINKPW]

The reason for the housing mess - most of these "buyers" could not even afford it in the first place. I live in the USA, and I was taught that a few years ago, as the recession was made official. Most other nations worldwide have the same housing crisis. Australians are likely suffering the same as well.

[13doniva]

@LOGINKPW

Don't think so.

[DavidAKZ]

@LOGINKPW It's is different in Australia. First, there was no Community Reinvestment Act, second, you cannot just post the keys to the bank (Jingle mail) as you are personally liable for the debt and third you actually have to have an income, job or assets to get a loan. That does not stop Australians owing more per head of population than Americans however. The ponzi scheme is highly dependent on record low unemployment because of the minerals/energy industries trading with China.

[Videoologist]

HousePriceCrash dt cm dt au

[Videoologist]

Holding a $400,000 property at 7% interest rates is costing $28,000 per year just on interest repayments excluding taxes and other costs. A 5% price fall is $20,000 so with house prices so high any fall is going to hurt. Europe is also in trouble which will affect Australia. There are some interesting articles on "House Price Crash Australia"

[liverpoolfcofficial]

Housing is a necessity not an investment, the day that Australia forgot this and successive governments allowed the rich to escape taxes via locking up property was the day that Australia lost it's soul. Now it is too late, people are locked up in unbelievable loans, that they will quite simply be unable to pay in their lifetimes and I really feel sorry for the families who have had to purchase during such a shambolic unbelievable bubble. It's all about to come to a head shortly no matter what

[liverpoolfcofficial]

As soon as a government chops the Capital Gains Tax rules and alters the negative gearing legislation of 1987 and 1999, the Australian property bubble will fall so fast that not even donkey kong, king kong or big daddy himself will be able to help, it's a total artificial bubble based upon rubbish assumptions, rubbish beliefs and currently a few people are benefiting from it but soon the majority will be so screwed that I can't imagine the carnage that will be left.

[liverpoolfcofficial]

Australia's property bubble is about to burst and it's due to two factors. First there will be a massive amount of housing available shortly as the baby boomers move from their current homes into retirement homes (increasing supply in housing) and the current income to debt ratio is simply unsustainable for any nation.The average for a nation should be around 3 (i.e 3 times your average income), instead Australia is sitting on close to 10, this is a ridiculous amount and is in no way sustainable

[DavidAKZ]

@liverpoolfcofficial yeap. See Packed to the Rafters.

[charlie000111]

this has to be the best video i have ever seen on property,,,i bought a house in sydney for 740 now i cant get 510

[DavidAKZ]

@charlie000111 where is that ?

[charlie000111]

i agree with u , all i can see in this country is indians and chinese who are buying this country out,,, i was in a suburb called eastwood in sydney and my mate said spot the aussie , i replyed to him after a minute saying spot the wog

[charlie000111]

this is scary , also true

[charlie000111]

hi , im thinking of buying a house in sydney, and now im scared it might pop and loose all i got, does anyone know what the market is like in sydney , thanks

[murdamcloud]

@charlie000111 here's a good site I just found---you can even see how much people have reduced the asking prices. My research tells me that Sydney will drop as much as anywhere else where large amounts of debt are propping up the house prices. When that debt becomes harder to service, then prices will naturally drop. If the only thing we are relying on is India and China to keep our economy going(through mining resources) then we're probably looking at rough roads ahead. refindhousepricesdotcom

[DavidAKZ]

@murdamcloud what a find ! Thanks for that. Wonder how it compares and contrasts with the following tinyurl . com / c455kmc

[DavidAKZ]

@charlie000111 tinyurl . com / c455kmc

[13doniva]

I gotta say recent reports are looking more like a stabilising process going on. Very confusing times, but it looks as though there will be no further drops in prices. It also depends on the area I think as some areas have small drops and others have a little more. Metro areas on the whole are not heavily affected like coastal areas.

[stpetersbar1]

They are for sale because they are just build you meat head. It's a new estate. do you see any people or cars around? what day are you filming this you malaka? I just sold my house $80,000 above reserve price.

[TheNanoNinja]

@stpetersbar1 The home purchaser signs the contract first and then the builder starts building. Not the other way. You have to get the mortgage first. Good luck for making $80K though. How much above the asking price did you pay for the house you bought?

[01avin]

@TheNanoNinja

That is not how it always happens. Developers can build stock and then sell it once it is complete.

[DavidAKZ]

@TheNanoNinja Yes. The other issue property sprukers talk about is how there is net immigration to this country. That's fine, but you still need an income, job or assets to get a loan.

[jpr12345678]

@stpetersbar1 All have been on the market over 6mnths

[01avin]

@jpr12345678

It doesn't mean anything fuckface. People are just on the fence at the moment due to sentiment, especially global sentiment, which has no real correlation with our domestic ppty mkt. There is still an under-supply of houses and just because there are brand new houses for sale does not translate to an over-supply or a crash in the horizon. You shouldn't be posting ambiguous videos without sufficient knowledge of the market. Please tell me where the current mkt is shithead?

[jpr12345678]

@01avin Free country dick head I can post what ever the I like, that is what makes a market after all you DUMB FUCK –

[87solarsky]

@jpr12345678 Well possibly 6 months isn't much in Australian property market...

[DavidAKZ]

@87solarsky no. Not after 10 years of consistent price rises.

[13doniva]

@stpetersbar1

Well said mate!

[TheTopBloke]

@stpetersbar1 Developers in Australia do not normally build homes unless they have a buyer. So these homes are owned not by developers but by private individuals. So the video is relevant.

[13doniva]

@TheTopBloke

No that is incorrect. Your generalising. In most instances yes, but not always.

[TheTopBloke]

@13doniva The only homes I've known developers to build themselves are one off specs. That's probably about 1 out of 10 new homes, maybe even as low as 1 in 20.

[DavidAKZ]

@stpetersbar1 where was that ?

[jpr12345678]

@stpetersbar1 All still for sale now 18-1-2012 and have been for over 8mnths

[murdamcloud]

Haha. Poppity pop pop pop. Thumbs up if you realise that the housing boom was just a Ponzi bubble built on unserviceable debt...

Thanks jpr. I've been listening to Kris Sayce and Steve Keen for a while now and have been told I'm an idiot for such a long time now for being bearish on houses as an investment.

[01avin]

@murdamcloud

Sorry buddy there is no crash coming. Unless you've been living in a cave. A stabilising process is already happening with prices to surge upwards over the next 3yrs in Sydney, Perth and Brisbane.

[murdamcloud]

@01avin Hi avin-the thing is I'm not just looking at what's happening in Australia. I'm looking at what's happening to global money markets-especially in light of the European situation. Tie that in with the panic mentality of humans and the insolvent US and Euro banks and I am actually afraid of what will most likely happen. I hope that I am wrong(but I don't know if I hope that you are right). Racking up greater amounts of debt at a faster rate than our GDP growth can sustain is dangerous...

[01avin]

@murdamcloud

Point taken, but I also do not recommend racking up large amounts of debt. The things to look at in my opinion is our national savings, low unemployment and our tight lending sector which is not lending to local Developers creating the under-supply that is definitely apparent in Syd, Bris, Dar, Can & Adel, but not so much in Melb. Rental returns are high in the mentioned cities, so the likely hood of a crash is ridiculous. We also have the 2nd fastest growing population globally.

[murdamcloud]

@01avin I don't know if all of that is enough to offset the debt tsunami that has built up in Europe. Not sure if you've ever lived in a country(world?) when there is a run on the banks-cash becomes scarce-very scarce and so does credit. This is not conspiracy theory thinking, just examples from history. The problem is that our banks here get huge swathes of credit from overseas-from the very banks that are struggling to recapitalise in the face of a hard Greek/Irish/Portuguese default. Thanks

[01avin]

@murdamcloud

China & India are the new drivers of the global economy and for now that is why we have not been affected as much as some other countries. If we were heavily connected to Eur & The USA we would have had the same problems that they are experiencing, which we are clearly not. Don't be fooled by the media mate I've got family in the US & UK and the media are sensationalising anything & everything. Our heavy connections to Asia will tighten the reigns. This is already evident in OZ.

[murdamcloud]

@01avin I guess this where people have different views and we'll have to agree to differ on this. I don't believe that BRIC countries can come close to replacing the US and Europe as the 'consumers' in the globalised system of capitalism that we have-not in any meaningful timeframe. In China there is a property bubble about to burst because of the price of money(ie interest). India is still 70-80% mired in poverty and I can't see this changing. They may be the driver but there's no global growth

[DavidAKZ]

@murdamcloud This is where people are missing the point. The main game economically and financially speaking is not in the productive capacity of any sovereign nation of your choice but in the extent of so called investment bank debt in the form of Collateralised Debt Obligations and Credit Default Swaps. Notional estimates are that these amount to between 50 and 100 times the total output of the world in GDP terms. Lets say 1 Quadrillion USD.

[murdamcloud]

@01avin Have you seen the yield on Italian bonds? This is not good territory that we are going into and it is uncharted I think in its scale and reach-globalisation has really concentrated risk whilst at the same time exposing connected countries to the risk of others. I wish you luck in your strategies to preserve your wealth avin-I really do.

[01avin]

@murdamcloud

Only time will tell, but to be honest I'm not worried at all. If you want a really good article on property please give me your email and i'll send you it. It might give you a different perspective.

[murdamcloud]

@01avin Thanks mate-be interested to read it. murdamcloud@bigpond.com cheers. Keep an eye on the murky Chinese housing sector(shadow banking gone crazy!) Plus they have the mother of all bubbles waiting to pop...some developers dropping prices by 30%. People giving BMWs with purchases. Not enough buyers-even in China! Plus, I find it hard to believe the figures for growth coming from Chinese authorities.

[DavidAKZ]

@01avin The new drivers in the global economy are Collateralised Debt Obligations and Credit Default Swaps notionally valued @ 50 to 100 times the GDP output of the world in anyone year. ~ 1 Quadrillion USD lets say.

[DavidAKZ]

@murdamcloud Well that's right. Australian banks source about 40% of their funding from overseas. This is a reason why I think the retail banks here will depart from the RBA overnight cash rate and keep their rates high or put them higher. Good for savers and pensioners though :-)

[DavidAKZ]

@01avin you still need to have a job, income or assets to aquire a loan, wither or not the population is increasing.

[DavidAKZ]

@murdamcloud In todays AFR (16/12/11) comments by bank regulators is that exposure to EU debt is very small. I'm guessing *no one* know the extent of interconnectiveness otherwise known as counter party risk.

[marcey666]

better bring the squtters rights back in

[DavidAKZ]

@marcey666 Mmm cheaper than rent. And if you keep the place up, the council leave you alone.

[rowanshole]

"grew by 30% since keen said bubble, see thats proof there is no bubble" stop it im weeing myself alvinoi, stop it hoo haa hoo ha ha ha ooooh wizzzzzzzzz

[01avin]

@rowanshole

Still waiting for the crash................2yrs now, where is it?

[DavidAKZ]

@01avin tinyurl . com / 7ch7fvn

[rowanshole]

Time to take your meds Alvin01 lol "my proprty has gone up twenty fold since 1984- see there is no bubble" lol lol lol lol lol the brains of a property investor hey lol lol lol lol

[01avin]

@rowanshole

Is that why property investors and Developers drive around in nice cars while you drive around in your

lower-socio shit box taking your Mum to centrelink, pick your sister up from the local abortion clinic and have dinner at the food court in Westfields?

[DavidAKZ]

@rowanshole you are going to have to sell it to realise the gain remember ? I calculate 11.8 % pa which is better than super or the stock market over the time frame given.

[rowanshole]

"frigging good spot to squat" lol great line. But the noise...... Who would choose to live there? Just so I don't make that mistake, where our it?

[THEDROPPEDSOCK]

I actually agree with this guy, The Australian property market is infact in a bubble and the data supports it. Have a look at Aussiepropertybubble's channel. or type in "Australian property bubble :1" The evidence is very real. Anyone who disagrees is selling houses for a living and trying to prop up the sales market with lies and deception. Most sales these days go to auction just so they can get payed for doing the auction because they know they aren't going to sell it.

[01avin]

@THEDROPPEDSOCK

yeh, whatever........

[KlineThomas]

There is no housing shortage, just as demonstrated on the Zetaboards Australian Property Forum ages ago!

[01avin]

@KlineThomas

Yes, there is and there is no evidence to back-up an over supply. The rental market is the most compelling evidence of this. Baby boomers consist of 37% of the Australian population, so who's gonna pay for the taxes. Our population is the 2nd fastest in the world and that ain't slowing down anytime soon. The rest is negativity that is fuelled by the media and the general population that will make the same mistakes they always make and that's why they are part of the 95%.

[randomlook]

$400k is a lot for one of those shit dog-boxes.

Living in the big city must have fucked your mind....

[01avin]

Firstly, where the fuck is this? This looks like QLD bogan shit and listening to the guy speaking in this video he sounds lower-socio on his way to centrelink. These are new houses dickhead, it doesn't matter if they are not selling that doesn't translate to prices crashing. People are on the fence because they can't see a bargain and they are misinformed. Who'd wanna buy in some bogan shit QLD dump like that anyway. There are only certain areas affected in this temporary slump. QLD = Bogan

[jpr12345678]

@01avin Listen to yourself lol you = Bogan. Houses not selling will translate into lower prices as holding costs erode any equity and builders go bust. Also people with a lot of equity will just lower the price to get a sale which will = lower prices that’s how markets work

[01avin]

@jpr12345678

Oh, please tell me more. That's how the market works..........your so wise.

Well I'm just gonna quit my job and stop attending property seminars, associating with property investors and listen to some dick head like you taking videos of bogan shit hole suburbs that no-one cares about.

Listen here Mr.Lower-socio I'm still waiting for the crash that was predicted to happen 2yrs ago, so you keep posting your negative videos and hoping for a crash while astute investors buy up!!!

[13doniva]

@jpr12345678

This actually doesn't translate to ppty prices falling. I can understand why people are saying this, but there is no connection whatsoever. I wish the prices would come down, but unfortunately I cannot see it happening. Good video!

[jpr12345678]

@01avin I bet the only property you have a mortgage for is the one you live in. You are probably one of those dim wits that think in 2050 the median house price will be around $36,000,000 and by 2100 it will cost $3.7 billion for an average house lol and getting your first loan from Mr Bank was your ticket on the gravy train, exponential growth never happens. This is a bubble. Houses won’t go to zero but they will correct every boom is followed by a bust

[01avin]

@jpr12345678

I bought a house and land package in Mermaid Waters(GC) for $24,000 in 1980. Can you find a house for around that now fuck stick?

Your a typical 95 percenter, the skies falling. The fact is median house prices are constantly increasing and that ain't gonna stop. There is no bubble and affordability is just gonna get tougher. Deal with it......

[DavidAKZ]

@01avin what would you expect it to sell for now ?

[01avin]

@jpr12345678

Oh, yeh I'm one of those guys. Well the ppty median price in Syd in 1960 was $8,807(RESIDEX) and in 2011 the median price is now $580K, so what's your point?

By the way ppty has been doubling on average every 7-10yrs for the last 60-70yrs. We have the second fastest growing population in the world with not enough housing to cover, so unless your a fuckin retard how on earth can ppty prices plummet?

Our Bboomers consist of 37% of our population, so who's gonna pay taxes?

[rowan1802]

@01avin Wow! Did you borrow too much? Worried that the price of your property is going down? It sounds like it.

[cityslickeroz]

@01avin YOU MUST BE SCARED!!! GO GET A CAREER AND MAKE SOME MONEY FOR A CHANGE RATHER THAN GAMBLING ON THE BIGGEST BUBBLE ON THE PLANET

[01avin]

@cityslickeroz

Not scared at all fatty. You made a mistake on a speculative investment, so that's why you don't like ppty. The only people that believe that there is a bubble is the 95% of the population who buy at the wrong time and have the wrong strategy.

[cityslickeroz]

@01avin HAHA so what happens when 95% of the populations buys at the wrong time and have the wrong strategy??? Have a guess.......................CR­ASH!!!!! By the way sitting on lots of cold hard cash and waiting to buy your property much cheaper in 12 months BYE BYE

[01avin]

@cityslickeroz

Your a retard poor cunt!!!

[01avin]

@cityslickeroz

Still waiting for your reply on Keen's comments???

[MrAntiFarLeft]

@01avin you sound exactly like an American pre-2008....ouch !

[01avin]

@MrAntiFarLeft

No I sound like an Aussie, which is still waiting for this so called 60% crash................2yrs now where is it???

[chavrecycling]

@MrAntiFarLeft Why do you believe this shit is typical? It's obviously a place where people don't want to live. Happens all the time, and always has.

[01avin]

@MrAntiFarLeft

Still waiting for the crash cocksucker!

[MrAntiFarLeft]

@01avin dont get too comfortable in waiting. Don't worry when you are paying off a house 50% less than what you paid for it , there will always be poker machines to fuel your gambling habit.

[01avin]

@MrAntiFarLeft

Please inform me on how ppty in major cities around Australia will drop by 50%?

Even the Gold Coast where there were significant drops of 15-20% ain't gonna see 50% drops. The luxury markets has taken a beating, but even still I have not seen anything near what your imagining. It is almost 2012 buddy and the GFC happened almost 3yrs ago, so what are you selling me now?

We are already going into a stabilisation(a correction phase), so you can eat my poo Mr.Conspiracy Theorist.

[DavidAKZ]

@MrAntiFarLeft ouch ouch ;-)

[cityslickeroz]

@01avin MUST BE SCARED!!! GO GET A CAREER AND MAKE SOME MONEY FOR A CHANGE RATHER THAN GAMBLING ON THE BIGGEST BUBBLE ON THE PLANET

[01avin]

@cityslickeroz

You have failed to reply about Keen's words. Ppty prices to drop by 60-70%, what happened??? Zero interest rates by 2010, what happened??? Syd & Melb grew by 19 & 27% respectively, where's the bubble???

You can't answer cause your a loser in life and just follow the herd..................

[cityslickeroz]

@01avin MUST BE SCARED!!! GO GET A CAREER AND MAKE SOME MONEY FOR A CHANGE RATHER THAN GAMBLING ON THE BIGGEST BUBBLE ON THE PLANET

[01avin]

@cityslickeroz

Still waiting fatty. It's been 2yrs since Keen's announcement. Where is the drop?

[DavidAKZ]

@01avin tinyurl . com / 7ch7fvn

[DavidAKZ]

@cityslickeroz You have hit on an important point there. People are no longer rewarded for saving and working in a high interest rate environment. They are rewarded for borrowing (other peoples) money and spectating (in a low interest rate environment)

[cabgt]

@01avin Alot of "bogan" suburbs in Adelaide experienced crazy speculative manias in the past 12 years. All asset bubbles eventually crash. It's an economic fact backed up by history.

[pantsiosk]

@01avin I agree though estate crisis no price downsizing! And this area may not be popular in the first place Mr Bogan(jpr12345678 so doesnt mean there s a Mega crisis /bubble or what ever u wanna call it...

[ReviewsRevealed]

crazy....

[tonismith6978]

Thanks for the Video

[01avin]

@tonismith6978

What would you know shithead.

[nickmakwell]

Where exactly is this? Looks like the Warrego Highway nearby and Amberley RAAF as well.

[rwbean]

@nickmakwell Lilly Ct at 0:07 and Tulip St at 1:44 - Yamanto

[jpr12345678]

@nickmakwell it is at Yamanto QLD

[wickedguy333]

Love all those solar panels on the roofs... Im thinking of going down there and grab me some free solar panels and some lawn turf.... cheers for that good vid :)

[01avin]

@wickedguy333

Your a fuckin bogan that's why. Only a shit bogan cunt would do that on the way to centrelink!!!

[wickedguy333]

@01avin The whole of Australia is a bogan country... aussies came from convicts unless your an aboriginal

[DavidAKZ]

@wickedguy333 when you get an interview to come here they ask you , 'Do you have a criminal record' ? to which you reply, 'I didn't realise you still needed one'

[DavidAKZ]

@wickedguy333 Hasn't the gov abolished feed in tariffs though ?

[sighbaru]

Aussie real-estate is the biggest Ponzi scheme in the world.Crash baby crash I have tears of joy in my eyes signed homeless old fart.Long overdue.Crash baby crash.

[01avin]

@sighbaru

Keep dreaming loser..................it ain't coming. Still waiting for the last 2yrs. The loer-socio is waiting for the drop, so they can buy something. That's what happens when you don't work hard enough. Your into shit sticks faggot!!!

[DavidAKZ]

@01avin you don't work hard enough ? You work hard enough in this country and the government take it off you in tax !

[Tomta20012]

holy Christ thank the lord above!!

400k a house is just off the planet!

I bet you the Australian Govt will come in and try to do some magic to keep prices up, which means higher taxes

[jpr12345678]

@Tomta20012

In 2009 the government was giving first home buyers that built a new home $21k now the give everyone 10k to build a house and first home buyers 17k to keep this thing afloat

[DavidAKZ]

@jpr12345678 And now this ! tinyurl . com / 82cjxqd

[01avin]

@Tomta20012

Are you shitting me $400K for a house, that's fuckin cheap fuck face!

You've gotta be from the ghetto shit for brains!!!

[stephenmillington]

@01avin

Why the bad language? It does make anything you write seem so much less impelling, you just sound like you've crawled from the shallow end of the gene pool.

[DavidAKZ]

@Tomta20012 you got it ! tinyurl . com / 82cjxqd