Why thank you ummester .

Nice to hear someone doesn't mind lowering themselves to give an opinion to the likes of me , I'm not very bright youknow ! .
I don't believe not doing so would be  ' wrog '  exactly but ,  woops.

Cheers

Another thing , actually two that I don't get.
They're saying our migrant influx is more than it's ever been and that's causing the squeeze on housing demand and driving prices up . Well I will ad that investor lerks and perks that Howard created are also obviously taking up more houses than usual adding the amount of property investing guru influx and TV shows  .
So call me slow but – wouldn't one assume you should stop the intake for a year or two and let the balance get back into thing's and remove the investor perks to give us the extra 20 or 30% in housing that we apparently need . How frk'n easy is that.

The second thing is here we are on the news last night ohrrr grocery prices this and that , there's nothing the Gov can do.
What a load of BS ,  Howard allowed a monopoly in our super market ownership that is the only real reason on the planet we pay close double what countries like US pay for food and everything else – and we don't even complain about it .
So why is it Rudd can't just reverse that monopoly , which I believe he is actually quietly doing , I should hope so. Tell you what , allow some competition and you just watch grocery prices 1/2 or close and how easy is that , same with fuel , they pay $1.50 a gall in Burma but in the lucky country we pay 6-$7 for that same gallon . My winge is -. What the !!!!!
Coles reckons it will cost the 20,000,000 to incorperate the new price watch thing – isn't it funny how  the other guys did it for free and didn't even complain and still offer the cheapest groceries in the country .

Ahh , cheers

Thanks for going to all that trouble scamp.
I've said for years these house prices and our cost of living are unhealthy but when people push me on it I find it hard to actually explain just why but you know it is and can't go on .
As someone said here earlier though , who says house prices have to be 3 or 4 x the av wage ? Well, the economy and everyday people can't sustain with it consistently much higher than that i would have thought that's all .
But considering what you are saying is actually unfolding every night on the news here now – there you have it .
There's been 6 or 7 major companies in trouble or shutting up shop completely just this week alone , humm.
Asdf – they say those luxury highly priced joints will be the first ones to tumble so you might just get your hands on one yet !
We are renting now as we sold our last place and holding off . There's been 3 I've been eyeing off alone that have dropped 30% been on market 2 yrs and still haven't sold . So we figure we've paid our mortgage down 30% in just 7 mths by doing nothing already . I hope to hold out for at least late this year but the renting is really giving me the sh'ts .
I wasn't sure even with some of those though , if my theory was right and would pay as there have been others that have sold even in the last few weeks for outrageous prices , sometimes people are just forking it out seems no questions asked so will have to hope for best.
They also say coastal holiday areas will cop it worst , which is where I am and waiting on . Not suure why though , maybe people needing to dump that holiday house is the theory . Well I'm waiting people – feel free to begin dumping now !
Aaah this is depressing , I'm going back to la la land.

Cheers.
PS. Scamp , , stock market . I read my 10 best market reports everyday day and no one still really seems to have a clue in the end .. When are you suggesting will be the exacto monto time to sell up ?
And gold – I am a bit funny about – don't forget gold did dump and then did nothing for a long time . not sure !

Hi Scamp.
Now I don't wanna be any more of a downer than what I have sounded already and that wasn't my intension . I actually believe that people will be able to set themselves up for life with property again , if they wait 18mths or more myself , I'm waiting for then to buy my daughters house . She's 7 that one so the way I see it she'll have good income from it by the the time she goes to Uni and 5 yrs after that there'll be the mother of all booms and she'll be a millionaire at 25 .

But this September stuff – stocks – gold , where are you coming from on it , want to go into it a bit more .
I can't decide if the next few mths will be the best bargain buying in 20 yrs or to stay the hell out .
Gold , dunno . now that oils down gold should recover but I'm still funny about gold !
And with your  Austarlia will be hit worst , you talking in what areas just property or in what ways other  . Jjust wondering the why's of the analysis from someone viewing from the outside  .

Cheers

Personally I feel land with somem on it can't be beat compared land only ,  stats show same but – try telling that to multi millionaire farmers around now I guess. I know two myself .
But something on it does make more sense as rent pays for it , you pay nothing if you buy right and hold it for free – forever . Probably start making money out of it plus  growth.  But land only you have to pay for it and hope it grows too . Fell for that one with my first place – costed me 30k in repayments for 3 yrs .
Food for thought
Cheers

Hey Yorpos.
There are angle myself , I've been saying she's gonna dump for 2yrs  but my reasons are greed in Australia now. It's ruining the country for us , our children.
Do you want your kids to be able to buy a house , their kids and theirs  – afford food , schooling , cars , live fairly , well actually I want to have one waiting for mine but that's not the point .
Australia is very unhealthy and unsustainable right now for the longer term , for the good of the country and our families . It's become ridiculously expensive on every angle and sector . It's no good for anyone and the costs and greed in everything is really starting to make me sick to be honest .
There's no scruples anywhere here anymore it's just about money and how much some A/H can bleed out of you .
Not a good look or a healthy one long term .
Even this bank stuff , what a joke , poor thing only making 3 billion instead of 4 this year – I'm sad for them. What the hell difference does it make they'll only put up fees, charges and rates and bleed it out of us anyway and the country will let them.
We have the dearest banking sector in the world to I believe !
If and when things dump I'll cop it myself – it has to be done.
Cheers

Personally I don't think we'd need to be a rocket scientist on this one in Australia .
We have close to the dearest houses in the world for what you get, hell we have very close to the dearest everything in the world we get ripped off left right and center to be honest . Even interest rates.
I've been saying for two yrs now though our house prices are ridiculous and in no way justifiable , gotta be a serious correction to come it's the only way it can go I don't think we've seen anything yet .
But , I don't reckon all is lost . If you buy bargain stuff in good spots or in spots that are going to have something others aren't and that have 2 or 3 back up earning scenarios – extra land , room for more rentals – dividable – house able to be changed into duplex – an outer suburb people will need to jump on soon . Good if you can wait a year or two but if not look for 30% off or don't touch, forget the 10% stuff.
Actually I've only done three places but I have used all of the above for everything I look at and it really pays, now more than ever but – me too bit nervous these days.
Cheers