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Oz house prices set to CRASH!
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07-30-2010, 06:22 AM
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N9NACzws
Join Date
Oct 2005
Posts
494
Senior Member
Not that I want to put Aussie Prick down, but he has nothing factual to show.
Oh now this is insteresting. I am so glad you bought this up becuase I have been to both Perth and Houston as our firm relies heavily on the Australian Institute of Public Affairs - so lets be clear - my large MNC company uses your own information for its own content professionally.
http://www.ipa.org.au/publications/7...stralian-dream
Now as someone who has spent time in Perth and Houston. Houston CBD is impressive but the areas outside the CDB are low income/poor areas full of old housing - this cant compare to Perth - or has South Perth suddenly become a bad area?
We can compare neighborhoods too. I've been to Mosman Park and my uncle used to live in Cottlesloe. There's little point in comparing what little these properties can purchase compared to even the most expensive Houston addresses. Have you ever seen a 10,000 sq ft 15 bedroom home? Spring is near the airport as is Spencers in Perth and I never went to house near Spencer's that was purchased for A$ 200K for a new 300Sq/m2 house with swimming pool, spa, sauna, and a home theater as I did in Spring with 4 car garage. And one house even had an elevator in it!
You can keep your opinions, I'll stick to my experience.
At least I know where American parents can be proud and secure for thier children's future in massive cheap houses instead if coming up with 30% downpayments for tiny concrete boxes just to keep thier kids off the street.
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