The future in Australian suburbs will be a bleak, dystopian and impoverished society that is facing a breakdown of civil order, caused by widespread oil shortages first there will be revenge, then murder squads then nuclear apocaplypse followed by a robust recovery in the property market.
Scamp wrote:
[Inflation is the axis of evil. It will be prevented by any government at all costs. This means higher interest rates, which means even more unaffordable houseprices, less buyers even, and thus more pressure on houseprices.Deflation is the only way to go. It will happen.
Why do you think that the US Fed has chosen not to act on…[Read more]
$60bn windfall to cushion economy Darren Gray June 24, 2008 Page 1 of 2 | Single Page View THE biggest surge in commodity exports in Australia's history will deliver a powerful boost to the economy in 2008-09, swelling company profits and government coffers and cushioning the nation against global shocks, according to new forecasts.But the next…[Read more]
Resources boom sets Australia apart from struggling US: Economy roundup Wednesday, 25 June 2008Mike Preston, economics editorEconomic events over the last couple of days have provided some compelling evidence of the widening divergence in conditions between the US and Australian economies.Earlier this week Rio Tinto revealed that Chinese steel…[Read more]
Scamp wrote:
[Why doesn't the graph use the median ( 50th percentile ) of the houseprices instead of just 30 percent ?On top of that, 10% deposit ? You know anyone who does that ? And that's at 6% interest rates. Try making a new graph, based on REALITY : – 10% interest- median houseprice , not 30% of it- no deposit. Let's do the maths : Let's…[Read more]
Well if the lending system stops then the fiat monetary system collapses and its guns, gold, tins of beans and bartering for all of us. Dont forget the money actually never existed in the first place with the fractional reserve money system new money is not a problem when it is created out of thin air.So someone goes to the bank for an 80%…[Read more]
Affordability debate warped by outmoded benchmarksMedia is preoccupied with the cost of housing. Affordability is the pet theme of current affairs television and talkback radio, and The Australian has published 63 stories on the subject in the past three months. Even the tabloid press in capital cities has waded in. Yet few of them have nailed the…[Read more]
Scamp wrote:
Yarpos : Yes ofcourse. Where do you think the expression "USA sneezes and Australia catches a cold" comes from ?Just look at the events of what happened in USA. Then extrapolate to Australia. 18 months difference, everything else is the same.
The global market is changing US and UK are toast and Aussie is in a good position with…[Read more]
Wise words Mclean todays low price in a falling market is tomorrows high price catch a falling knife and all that. Good luck with the sale, hope you dont take to much of a hit on selling but I do know that there are some big haircuts right now in the UK.Yes the UK total debt is not mucg differnt form the US excpet there is a lot less people in…[Read more]
Scamp,I am surprised about the 70% falls as I follow the Uk market and it certainly is diving but I have not seen falls like this myself. Can you give some examples of location and over what timeframe the drops are.Also it is important to understand that the UK market cycle does have large dips and the fluctutaions historically have been larger…[Read more]
wealth4life.com wrote:
Hello all, while others have been trying to upbeat the market my research and communications with high positioned executives have been against these bad advises.
I got some advise from a family member who is in a very high position and they said that in their experience property values increase over time.It was from my…[Read more]
yarpos wrote:
Not sure what credit debt is but I cant find a reputable reference that puts Australia on top of a debt ranking table. It may be the case but I just cant find it. Can you provide a source please?
I reviewed this about four weeks ago and from memory Australia came about 31st on a ranking of debt per person 1 being the h…[Read more]
Jon Chown wrote:
I agree completly with this report but would hasten to add that I predict that Woolloongabba on the south side will equal Bowen Hills at the other end of the cross river tunnel. Units in both of these areas are priced at approx $100K under their adjoining suburbs.
Thanks for the heads up I will check that are a out. Might bu…[Read more]
Market cools but new hotspots emergeBy Terry Ryder, 17th June 2008Regardless of the stage of the property cycle, there are always new hotspots emerging that have the potential to out-perform the market and deliver above-average growth to investors. We have identified a new batch of such locations worthy of real estate buyers' attention in the…[Read more]