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NoCredit
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March 19, 2012 - 11:53 am
Freckle wrote:
Could this be the start of the reset? http://www.macrobusiness.com.au/2012/03/trade-deficit-stuns-everybody-but-mb/ There has been a massive slump in the nation’s trade performance, with the trade balance plunging almost $2 billion from a strong surplus to a large deficit in the space of a month. The value of iron ore exports in January were down $2,154m from their peak levels reached in October 2011 ($6,275m). The fall in iron ore exports now sees coal as Australia’s largest single export commodity by value, accounting for 23.7% of total merchandise exports in January versus iron ore’s 21.4% share: I tend to think anyone riding the resource boom in housing has limited time left to bank their gains. The Freckle
Unfortunately the MacroBusiness blog mas made quite a few elementary errors in their blogs over the past year. They are permabears and spend their time talking down the Aussie economy and house prices. Take what they write with a large pinch of salt.
They will all go into hiding when house prices take off again!
Mark my words…..
NoCredit
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March 19, 2012 - 11:48 am
Freckle wrote:
With fewer new listings being added to the market and some stock being absorbed, the total number of homes now advertised for sale is -7.5% below the record highs of last year nationally and -11.7% below their peaks across the capital cities. http://www.macrobusiness.com.au/2012/02/rp-data-homes-for-sale-leith-van-onselen
But how seriously can we take things written by Leith van Onselen?
Google his name, you'd be surprised what comes up.
Same goes for his mate David Llewellyn-Smith and a few others on that MacroBusiness site.
Seems they've made a few errors…..
Don't believe everything you read!
NoCredit
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March 19, 2012 - 11:44 am
They say real estate agents are as honest as used car salesmen!
NoCredit
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May 30, 2011 - 12:17 am
ummester wrote:
harb wrote:
Isn't APF the forum where most of the refugees from Global House Price Crash Forum gather ?
Nah, not the smart and reasonable ones anyway. We have our own quite place now.
Interestingly there's a thread on TalkFinance about this very subject right now…..
(snippet below)
Quote:
…..so I'm constantly perturbed by how quiet it is here. Some days I log in and there have been no posts for 2 days! Even now, the last post (before this one) was nearly a whole day ago!!!
As an experiment I tracked the post count on all major Australian property forums for this week (I noted down the total forum post count each day), and here's what I got……..
Somersoft Forum ….. 360 posts per day
AustralianPropertyForum.com ….. 171 posts per day
Credit Crunch Australia ….. 59 posts per day
Simple & Sustainable ….. 32 posts per day
Believe it or not, even Simple & Sustainable at 32 posts per day is busier than TalkFinance Kangaroo House Prices.
What puzzles me greatly…..
Interesting observations. Don't know why PI.com doesn't get a mention though. I'd say this place is one of the more active forums?
NC.
NoCredit
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March 29, 2011 - 3:40 am
StingrayBirke wrote:
These Get Up! campaigns are getting a lot of attention in the media and on property blogs and forums, but I couldn't find any mention here…….
Campaign1: End Negative Gearing
Campaign 2: First Home Buyers Strike
Read the comments to see the level of anger in the community!
The FHB strike is at number one position on Get Up which means they will take it to the politicians with a strong campaign and mandate from the general population.
How will this affect property values going forward.
Members of Somersoft seem rather nervous: Somersoft members worried?
While members of AustralianPropertyForum.com seem pleased: APF Members pleased?
What do PI.com members think. How will these campaigns influence the real estate market?
Surely theres a danger here. If FHBs bail out of the market it will have a negative affect on house prices, but maybe rents would go up to compensate. Same effect for negative gearing removal I think?