FT - (Auctions) Fears of fresh house price weakness

sjaypink

sorry, have asked before, not sure if any of you know- where can you view auction properties on line? also anywhere that shows the after auction sold prices, or those that went unsold?

every search i do it just comes up with pay- sites/ newsletters or whatever?

have seen links to free sites before (think by lynz power or pastures new?), but cant remember them now?

Thrugelmir

sjaypink wrote: »

sorry, have asked before, not sure if any of you know- where can you view auction properties on line? also anywhere that shows the after auction sold prices, or those that went unsold?

every search i do it just comes up with pay- sites/ newsletters or whatever?

have seen links to free sites before (think by lynz power or pastures new?), but cant remember them now?

Look up local auction houses \ estate agents. Strakers for example covers mainly Wiltshire. They publish realised prices after the auction.

Savills is a London auction house.

I should know most auction houses as have watched HUTH for a while now.

sjaypink

Thrugelmir wrote: »

Look up local auction houses \ estate agents. Strakers for example covers mainly Wiltshire. They publish realised prices after the auction.

Savills is a London auction house.

I should know most auction houses as have watched HUTH for a while now.

thankyou! ive eventually found one now....

i remember ready links on here, bout a year ago perhaps, where most properties were sold well below guide, or unsold as not met reserve...

all the ones ive just seen on the results page went for well over- sometimes more than double- guide price! :eek:

chucky

Thrugelmir wrote: »

Depends what shares you are invested in. :rolleyes:

( PS the constituents in the indexes change every quarter so the indexes themselves are only really useful as a benchmark).

If you held BP shares for the past 15 years and reinvested the dividend income back into the shares. You would have exceeded the return on property by a considerable margin.

on the other hand over a decade, property would have been the clear winner.

share investors would have lost 14.4%, even while reinvesting dividends (or 36.3% without), but would have turned a healthy 71% gain on property.

it all depends what periods and which equities you decide to compare :rolleyes:

mewbie_2

chucky wrote: »

it all depends what periods and which equities you decide to compare :rolleyes:

Within property there are differences as well. Some areas are different to others, type of property, commercial, new build, leasehold - the list is endless.

One other thing you haven't factored in the hassle factor of property. Maintenance, disputes, tenants, etc. Don't get that with nice clean shares.

I suppose the really major thing with property though a few years back. You didn't need any money to start 'investing'. Just borrow, borrow, borrow.

Generali

Really2 wrote: »

?

In the boom the majority of houses at auction would not be Repos

Boom people think they can sell for more at auction and speculators are their buying upping values.
Bust. People strip out all assets of their repo home rendering virtualy unabitable.
Auctions are an exaggerated view of the markets. (high boom, low bust)

Get the HPC goggles off it is a simple concept to understand.

It is not a bull bear issue it is a fairly simple fact how the market works

Repo goes to EA.. sold within three months.... no auction.

Repo goes to EA.. No interest at EA for three months.... Goes to auction.

Are the figurs of repos going to auction now higher than any time in the crash?

You have to be an idiot to be repossessed when house prices are rising!

BTW, auction is a normal way to sell a house in Aus. It's also accepted that half of the people at the auction are neighbours who want to know how much the place sells for/check out the decor.

Thrugelmir

chucky wrote: »

on the other hand over a decade, property would have been the clear winner.

share investors would have lost 14.4%, even while reinvesting dividends (or 36.3% without), but would have turned a healthy 71% gain on property.

it all depends what periods and which equities you decide to compare :rolleyes:

The best time to jump ship from the property market was early 2005. After the 100% boom of 1999-2004. Before the rules on capital gains tax were changed.

( I assume we are refering to investment property as opposed to ones home).

As for equities I didn't buy a single dot com share as didn't understand their business models and where their revenue streams would be generated from.

I stick in the main with good old basic oil, gas, utilities, miners, and drug companies through thick and thin.

Harry_Powell

JonnyBravo wrote: »

That's right PPR is permanent.

DD isn't banned but signed off in his last post saying he wasn't coming back. He'd done that before but then also returned before. I suspect he realised you can only do that so many times before you lose all credibility.
He did post under DD2 for a while (updating his MFiT challenge via that name) but that seems to be PPR'ed now.
Perhaps he's now posting under another name?

Interesting, when did he do this? (2)

mewbie_2

Harry_Powell wrote: »

Interesting, when did he do this? (2)

Harry, it's not that interesting. A poster who left before you came along. End of.

chucky

mewbie wrote: »

Within property there are differences as well. Some areas are different to others, type of property, commercial, new build, leasehold - the list is endless.

agree. that was my point. if you buy well in either you will make a profit.
if you don't you can only blame yourself.

mewbie wrote: »

One other thing you haven't factored in the hassle factor of property. Maintenance, disputes, tenants, etc. Don't get that with nice clean shares.

have to agree here. a bad tenant can get kicked out however.
i have never had one, touch wood.

mewbie wrote: »

I suppose the really major thing with property though a few years back. You didn't need any money to start 'investing'. Just borrow, borrow, borrow.

these usually get found out. if they don't they just get lucky.