maybe it’s ‘buckflation’ – a weaker form of stagflation?

hmmmm inflation – inflates property values, deflates mortgage values in real terms. a great environment for property investment.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

interesting article dmichie… highlights our insane obseesion with fair go, socialism, blue collar first, onya farmer jack, tax the rich, books are for nerds mentality.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

with OTP it is likely you can get an extension for payment. it certainly won’t be after settlement though and the stamps office won’t care if you have inspected it or not.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

it’s so exciting around here these days!

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

Originally posted by dmichie:
I want 2 go on record as saying that IMHO this is leading Australians of the future into financial turmoil.

We r not teaching financial fundermentals of how 2 save and start small to build wealth, we r teaching laziness.

I couldn’t agree more.
(and before Robert jumps on me, I don’t think all debt is bad)

Here is a…[Read more]

I don’t think we have ever had it better. Reductions in tarriffs on items like cars combined with the still-weak-but-not-as-weak-as-it-was dollar have certainly improved our ability to consume. The brain drain is a huge consequence of a weak currency and is still a big problem. Why on earth you would wish the currency to be any weaker than it is…[Read more]

cheeeeesy!

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

as per the saying: bite off more than you can chew and chew like hell….

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

“Imagine if solicitors conveyancing was a percentage of the contract price!”

actually in WA they are. Stamp duty, rates, land tax, REA fees, conveyancing, mortgage broking, loan application fees, mortgage insurance…. all based on value.

I like the idea though… I think taxes should be set as a fixed…[Read more]

“once the currency collpases you may as well switch off the lights”

“Rubbish! I don’t remember any lights going off when the dollar was at 48 cents (circa 2002 from memory). The economy was growing strongly at the time and the CAD was much smaller.
”

disagree… they were horrible times and frankly quite depressing being the laughing stock of…[Read more]

Originally posted by foundation:
Originally posted by AUSPROP:
Boosting inefficient exporters by devaluing currency is not a step forward improving the economy….but the alternative is raising interest rates – significantly. Which option would you prefer?
Cheers, F.[cowboy2]

please expand… dmichie is saying the devaluation will lead to higher…[Read more]

once the currency collpases you may as well switch off the lights, you will never dig your way out as no one can afford capital or energy to get things going. The strong resources industry which has pushed this currency up is a glimmer of hope in our short history to invest in some decent industry and change the nature of the economy. Boosting…[Read more]

” Given house prices have risen by up to 30% per year recently”

F – where has this happened? I am assuming Sydney…. or are you talking Brisbane?

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

it amuses me that you wish this banana republic status upon us so eagerly, with a property market crash to boot. weak currency, reduced standard of living, higher interest rates, higher unemployment, a falling stock market – it’s all looking rosie. At least some inefficient farmers will be able to afford another mercedes next…[Read more]

Dazzling – you are right and I was just assuming a typical suburban home.

Bofclark – sounds fair to me. pretty much can be summed up by “it’s a free country”

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

in WA all written offers must be presented by law. There is no such thing as a verbal offer – verbal offers are just conversation.

whether the agent follows the law is another matter.

http://www.megainvestments.com.au

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

err…nothing. that was my point. I guess there may be a few average ones that don’t do a lot and may hope to make a few bucks for a half hearted effort…but that would be categorised as a bad agent. so yes… nothing.

seriously I can’t imagine any agent bothering to work for 1.5%. It wouldn’t cover PI, mobiles, cars, etc. But bring it on, could…[Read more]

“As for how the market is performing in the rest of the country … to the best of my knowledge Perth is still booming, I thought Brisbane was as well until I saw that article in the Courier Mail, Melbourne and Adelaide are kind of flat, and Sydney is off about 10%.”

To say Perth is booming is probably sensationalism as well. It is just ticking…[Read more]

1.5%…. most agencies struggle to make a living running on about 2.5 to 3%. I think it would weed out the crap ones as well as the good ones as everyone needs to make a living. If it were capped at 1.5% you would find that either (a) you couldn’t get an agent to take it on, or (b) services would be cut back quite a bit.

I dont think there will…[Read more]

assuming the buyer wouldnt pay the higher price, if the agent has managed to pull a deal together to which both parties are happy, is that not in the interests of the vendor? lettign a house not sell because it is over priced seems to be in nobodies interests.

the agent that just sold my parents house was excellent. she had the cheek to talk the…[Read more]