Hum, what to say to the above? So we lost 12,000 young and gained 170,000 mature and that is …. bad?
Yes of course its bad to have such an imbalance. If people in the prime of their working life are leaving Sydney, who is going to buy all these overpriced houses when the baby-boomers want to sell up in 5-10 years time?

I have had to move inter-state to avoid negative nellies and drains on my personal energy.
LOL! You had to leave the state?! Are you going to have to leave this forum now because of all the negative energy coming from my posts? For Christ’s sake, give me break!

your alterior motives for pushing such a negative outlook
Oooh yes, for the…[Read more]

First let me say this would be a very boring forum if everyone was ‘positive’ (to use Robert’s terminology) and bullish on property. I enjoy being one of the few bears here, and I don’t plan on going away, no matter how much I annoy people.

Over a ten year period you will more than double your money in most major cities in Australia.
That is…[Read more]

Try owning Sydney property in the current market and you will learn something real.
I did, until very recently.

Personally, I am so sick of hearing it!
Well, stop replying to these threads then!

What annoys me about your constant negative posts and apparent excitement at Sydney property prices dropping is that you ignore the fact that everyone who already owns property in Sydney is going to lose big time. For every winner, there is a loser!
Did it ever occur to you there are lots of losers when the market is rising as well? People…[Read more]

Hi Dimichie Phil here, this is old news mate and Sydney has a way to go before it hits the bottom.
I’m glad you agree.

I’m with Robert though, can you do a post with an opportunity to make money
Anyone looking to buy in Sydney is saving a lot of money while the market continues to fall.

who cares about a Sydney market, people r leaving SYD in…[Read more]

I opened it to see if it was possible you could post something other than doom and gloom about the economy. I should have known better.
But its not doom and gloom about the economy! Lower housing prices are the best thing that could possibly happen to Sydney, it might stem the tide of people leaving the city because they can’t afford anything.

WHO CARES!
You do obviously. Why else would you have opened the thread?

Like nobody here cares if Australia’s largest and most influential market continues to decline month after month after month. Who are you kidding?

As Dazzling said, go to the VGO or have a friendly REA who can give You RPData
Whenever I find an agent who’s desperate to sell (and they aren’t to hard to find these days) I ask for an RP Data report for all the streets around the property I’m interested in. The point is, I shouldn’t have to!

If these other companies can gather the data from government, why not do it as well?
Even if you could easily gather the data from the titles office, the prices would be 2-3 months out of date. AFAIK the titles office doesn’t record prices until a few weeks after settlement.

What we really need is a regulatory authority (preferablly nationwide)…[Read more]

I asked what price the vendor paid, and she wouldn’t tell me, quoting “Everyone deserves to make a profit, even you!”.
Yep, I suspect that’s the real reason. Agents don’t want to reveal prices if they are below expectations. We’ll see a lot of this as the agents try to prop up a falling market.

I’m sure they’d have no problems telling you the…[Read more]

Does it seem odd to anyone that when making the biggest single financial transaction of a lifetime there is bugger all information available? I mean, when you buy shares you have full price history going back until when the company was listed on the stock exchange. Not so when you buy a house.

How many times have you asked an agent what price a…[Read more]

Sorry, the quote in the previous post is from Kohler today pointing out that up until now it has been more tax effective to put money into investment properties rather than superannuation. The removal of the super surcharge redresses the balance a little, but the tax system still very much favours real estate…[Read more]

But Australia is still the only country that taxes retirement savings on the way into a fund, taxes the earnings of the fund and then taxes the money on the way out again.

The effect of this is to turn superannuation into nothing more than a system of tax deferral: the real tax break for long-term saving in Australia is so minimal as to be…[Read more]

Actually that is all directed to the general public – mainly first home owners and the over taxed hard working middle class.
So you’re telling me the property industry derives no benefit whatsoever from the FHO grant, negative gearing, capital gains tax concessions, depreciation allowances etc? Well then, I’m sure the various real estate lobby…[Read more]

But when commodity prices are strong all the other exporters in Australia suffer.

Why should a manufacturer who is exporting a globally competitive product have his profit margin slashed (or worse go out of business) because the price of copper is high?

That’s what happens in Australia because like it or not the global markets see us as a quarry…[Read more]

what good is a trade surplus??? it means you have produced a whole heap of products and you havent been paid for them.
Actually no, when you have a current account surplus other countries pay you interest on the difference. Not ideal, but better than paying interest to someone else. The ideal is to have neither a deficit or a suplus.

of course…[Read more]

Can’t you stick all these threads in another section? I think opinionated would be more suitable.
No worse than the “Equity Lending is a disgrace !!” thread I would have thought

rest of the comunity doesn’t get special treatment
Lemme see, the housing industry gets the first home owners grant, negative gearing, capital gains tax concessions,…[Read more]

Last year, America suffered a $230 billion trade deficit with China. Right now, China is licking its chops as they sell us billions in goods but buy nothing from us in return. Why? Because we’ve lost our manufacturing base which means we have nothing to sell. In fact, China aims to surpass Japan in total manufacturing output by 2015. By that time,…[Read more]

I think everyone is aware that the property market is still very strong.

Sorry that should have read:
I think everyone is aware that the Perth property market is still very strong.