Scamp wrote:

ErikH wrote:
Well… Rudd does speak fluent Mandarin, doesn't he? Back onto topic, I found the following article on housing prices quite interesting: http://www.realestate.com.au/doc/review/july08/housing-prices.htm

Thanks , very interesting reading. It's nothing new but it's the first time banks agree that the housing market is…[Read more]

In teresting Scamp, I did not know about the 30,000 mortgages rate shift each month, that`s probably why Mr Smith (ANZ) is predicting a big increase in defaults.This will certainly push prices down much quicker. 

I would not blame too much the normal public when NOT EVEN the ANZ TOP MANAGERS could see the downturn coming as explained in this article by the ANZ Chief Mike Smith:http://www.news.com.au/business/story/0,27753,24100323-14334,00.htmlANZ tips defaults to riseANZ chief Mike Smith says loan defaults among home borrowers will rise as the job market…[Read more]

Ok guys, sorry for the "enjoy", I`m not a natiev English speaker and OFTEN I still do many language mistakes, I did not really mean to enjoy such a painful news.Anyway, I`m here to help and sharing news and share opinions.Like this other one:http://www.news.com.au/business/money/story/0,25479,24043852-5013951,00.htmlDebunking housing mythsBy Ed…[Read more]

Enjoy:AUSTRALIA'S economy is looking even more fragile amid reports that some mortgage lenders are repossessing homes for defaults of as little as $1000.http://www.news.com.au/couriermail/story/0,23739,24078036-952,00.html.

devo76 wrote:

ormeau wrote:
Good to see you have debt "Mate". Take care.

Actually you would think that if things did come to a grinding stop. Surely the existing built houses  around Australia would infact be worth even more  due to the crazy cost of new housing.Option 1#Nuclear power stations around australia powered by our own m…[Read more]

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:
This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy…[Read more]

devo76 wrote:
This is crazy. I agree that change has to happen and is happening. But this mad max crap is a joke.Some people on this forum need to stop soaking up all the crap they get feed and look at all possible outcomes not just the worst. Do you really believe that there will not be a alternate energy source found in time that is viable.…[Read more]

This is one of the last desperate actions:Stressed borrowers taking in lodgershttp://www.news.com.au/dailytelegraph/money/story/0,26860,23951235-5015795,00.html

devo76 wrote:

ormeau wrote:
Oil is the key to doom guys, $143 record again. Watch it, and be afraid. War soon.

Green energy is the key guys. Its happening. More oil discoveries soon anyway.Alternate  fuel as well. Everything will be fine.

I think you should study a bit before to say incorrect things. Oil is ENDING and alternatiove energies…[Read more]

L.A Aussie wrote:

Scamp wrote:
http://www.news.com.au/story/0,23599,23947854-5007146,00.htmlA good summary of what's to come ( and what I posted 2 months ago ).

What Mark has said in that article is very good advice.But it's also "commonsense 101".If people are struggling to repay their loans, and/or are about to convert to a variable rate…[Read more]

yarpos wrote:
the immigrants I work with from UK, Singapore, HK and Sth Africa are wealthier than me ,  they can do what they choose to do and arent struggling for 5 months let alone 5 years.   The situation isnt as black and white as you present,  some actually do come with millions…some with 5c.   You may not be seeing the effect in SA but i…[Read more]

yarpos wrote:
"Australia is going to pay a high price in human lifes later.Hopefully people will realise this soon or when people will start to die from cancer due to the amount of radioactive dust spread across Australia during the transpor tof it."This has already been going on for decades in Australia and elsewhere.   Is there any evidence o…[Read more]

An example were the nuclear tests of the 1960s in Maralinga (SA) by the British, where the radioactive clouds reached Sydney.

bardon wrote:
How about investing in:uraniumspecialised oil and gas exploration equipment suppliersoil and gas service comapniesunder capitalised uranium minersunder capitalised precious metal minerssmall coal seam methane gas suppliers

Uranium is highly RADIOACTIVE and if they do not stop messing with it in SA and NT, Australia is going to pay…[Read more]

patriotsoldier wrote:
I have read from several resources in regards to this topic of Peak oil, and while i dont debate that there will be ramifications I wonder if they will be quite this extreme. That is just a personal observation.I do have an agenda though for this post, given that you guys are obviously quite concerened about the current…[Read more]

Also too many times, I hear about the immigrants.From what I have seen I can guarantee you that only a very very small FRACTION of them is able to pay a LITTLE mortgage AFTER at least 5 years since they get in the country. For most of them the first 2 or 3 years are just a struggle and usually most of them come from poor countries. How can anybody…[Read more]

bardon wrote:

ItalianDragon wrote:
I think Australians are BLIND.

Is this a general statement?

Yes general, including some of my friends that share your same positive opinion on the future of Australian realestate.

yarpos wrote:
there appears to be nothing else in the whole of human existence but oil,  and we are incapable of thinking about , designing and building alternatives while oil escalates.  We are such a miserable species, really we deserve extinction , especially us suburban ones.   Anyone got any ideas what we could do with the suburbs , once…[Read more]

NZ House prices plummet by $80,000http://www.youtube.com/watch?v=wHjzsjINqCk – 22 % sounds pretty reasonable to me.