imugli,2 reasons1 – if i am correct, imagine the amount i will be able to barter down to in 2 years2 – it would be hypocritical, considerring me sense of national duty:)mackarUnless of course the person I buy from is selling something they brought before 2000, in which case they would still make a profit out of me. When I start looking around in…[Read more]

harb wrote:
But before you do go the Scamp way, I have one question relating to that 30% drop across the board you expect. You do realize that the majority either fully own their property or have bought for a fraction of the current costs.

No, I don't realize or believe that.I believe around 30% (give or take) is owned. Around 30% mortgaged at…[Read more]

As in 'we would love to pass on the cuts' suckers… but we won't.Anyway, this whole debating tiny changes one way or another is fruitless and becoming boring. I believe that over the next 2 years the price of property will drop by around 30% across the board. You don't. Only way we are going to be sure who is wrong and who is right is to check…[Read more]

It goes in cycles and the greed cycle is ending is the western world. Human evolution needs cycles of both greed and understanding to evolve with stability. How glorious was being rich during the French revolution?

I agree with the hand up rather than hand out POV totally.That said, though indigenous and low social economic groups are minorities, the  report  also talks about the working middle class with unreasonable debt due to overpricing.The model in London is failing as we post, the reallity of the future is what we make it. I can't map exactly where…[Read more]

Mackar,One must also consider what the majority can afford and how keeping prices above that is not good for the country. Not enough of us consider how much what we do effects other Australians any more. 30% property ownership represents a large social problem. The UN drafted a report on the crisis that was looming in Australia and addressed it to…[Read more]

mackar wrote:
but we are digressing from the topic of this thread.."boom or not".  I still don't really aspire to the 'big bust theory' (at this time), but always enjoy listening to both sides of peoples debate as I may learn something, …possibly my theory has a lean, because i have properties that i want  to go up in value, the same as peopl…[Read more]

harb wrote:
You are forgetting the 2 basic reasons why this will never be the case : the increasing population which puts upward pressure on available land and the increase in building costs which will at least keep up with inflation.

Immigration figures are curently overstated, irreguardless – as unemployment goes up immigration will go d…[Read more]

harb wrote:
This is exactly why most  X & Y are such spineless individuals that wouldn't make it in the real world without their parents.

And the boomers were different? Please. They may have gone to work younger and been given a slightly higher moral standard in thier upbringing but they were afforded more financial shelter and statistically a…[Read more]

Later Scamp.Bring on that CRASH!

harb wrote:
Only normal that BBs got in first since they were born first. How can property resources be finite when there are town out there dying because of the lack of young people ? As population expands the property closer to the "city center" will go up in price, no matter of who owns it . The obvious logical solution would be to start new…[Read more]

harb wrote:
What debt ? At the current rates they've probably made up the debt already and are now working on the record profits. Watch them announce a 10%+ increase in profits over the previous year.

Have you ever seen this series of videos?http://www.youtube.com/watch?v=vVkFb26u9g8I know, it's the American system but the only difference…[Read more]

mackar wrote:
surely though there is an advantage for analysts to be able to pick the timing of the downturns as well as the upswings…or else if they can't they virtually become redundant as noone will have confidence in their opinion in any market… & well… with analysts.. thats all they have to sell really, …their reputation.a bit li…[Read more]

harb wrote:
The AUD has gone below 90c so its all over,the smart money has left because the rates are coming down next month. My guess is that by next June we'll be looking at RBA to drop them to 5-5.5% and the AUD to hang around 75c, maybe 80c if India doesn't follow China and slows down as well. By early next year we could even see a property…[Read more]

Harp, watch them put the variable up nowhttp://www.news.com.au/business/money/story/0,25479,24147752-14327,00.htmlWe are seeing a knee jerk reaction from the ANZ. It is also a responce to the government shaking the finger this morining, as shown here.http://www.news.com.au/business/money/story/0,25479,24147100-5013952,00.html

johnstal wrote:
Someone better tell the WA, SA and Qld governments about the boom being over then.

I'm sure they know.

johnstal wrote:
It seems you guys are the defensive ones. Anyone who disagrees you shoot down.

If you say so, but the tone of your first post would lead any reasonable person to assume otherwise.

johnstal wrote:
I am not a…[Read more]

AimHigher wrote:
Ummster:  Sorry but I have no idea where you're coming from.  I never actually expressed an opinion on Scamps original posts topic.  In fact you'll notice I didn't  mention a thing about Scamps post in terms of the topic.  This is becuase I don't beleive Scamp is either serious or informed.  I'm all for seeing/hearing every…[Read more]

johnstal wrote:
what a load of crap. I couldnt be bothered reading the whole post. Read enough though. We are a totally different market than the US and Europe.Heard of the Mining Boom? We arent dependant on the US anymore. When China crashes thats when we are effected. Even if China crashes they will be relying on our resources so we will be…[Read more]

AimHigher, why can't a downturn or correction be a positve thing? Perhaps the thought of property remaining at current price levels or going higher it is more doom and gloom than the thought of the prices going down.It all depends on the majority view. If more than 50% of the applicable people in Australia currently have a house or mortgage, then…[Read more]

thx imugli (I'm sure you look alot better than you think)