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  • Profile photo of wayneLwayneL
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    @waynel
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    I remember apartments in Dandenong yielding 10-11%

    Houses, depending on area etc, from 5-8%…melbourne metro area, which is where I was living at the time.

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    Derek,

    The community doesn’t often get a chance to show our appreciation for what you guys do.

    Also never realised Salvos and SES were involved in an operation like this. Makes me wonder what able bodied men like me are doing sitting around while men and women like you put their lives on the line.

    So please pass this on to your comrades…Thanks!

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    Post Count: 585

    PK,

    A neighbor, was speaking to one of the chaps who had just come from the front line.

    His comment- “Yeah, we have it contained …for the moment. Don’t unpack your car yet!” :-O

    Profile photo of wayneLwayneL
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    @waynel
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    Thanks for the thoughts ladies. :-)

    The fireys are doing a sterling job and have the fire contained ATM.

    Three cheers for the fireys!!!!!

    Wayne

    Profile photo of wayneLwayneL
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    @waynel
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    Originally posted by ANUBIS:

    In Perth I’d want half the city for 825k!!!!

    LOL You wouldn’t get it.

    Perhaps a trendy pad in East Perth overlooking the drain?…:-)

    Profile photo of wayneLwayneL
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    @waynel
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    My view is that the cycle will take longer to play out.

    i.e. the pendulum has only just started to swing the other way.

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    It was a good lark in certain ares 5 years ago…too many available now.

    Profile photo of wayneLwayneL
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    @waynel
    Join Date: 2003
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    Originally posted by aussierogue:

    Michael – unfortunatley my company means the company i work for LOL. have bonus time coming up (chinese new year)…which is pretty generous. my job is salary based but the bonus’s are good in the GOOD years..

    Wes – the economists i listen to are industry econmists. those more specialised in certain trades. i always find that the best mixture is an economist who is also a trader or has daily access to traders. the market doesnt always make sense (economic reason) and has has alot to do with sentiment and other fluffy things which traders are better at guaging. i agree they are hard to find….especially in realestae which is an imperfect market (more than most)

    ps – i am both an economist (by education) and a trader (by vocation)…

    I like traders, and economists that trade. Especially ones that have been around a bit. Totally agree with what you say about gauging sentiment and other fluffy things.

    I think we traders, as a group, know just about everything about anything….except of course, exactly what is going to happen next![biggrin]

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    I think what most of us property bears are trying to say is this:

    Buy property when it is reasonable value.

    At the moment, residential property represents the poorest value since the mid 1920’s and is likely the regress to the mean value…perhaps, hopefully, overshooting it.

    There are some clever people creating value out of situations, even today.

    But for most of us who just want to buy a freakin’ property or 20, and watch them make us rich, now is not a good time.

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    Originally posted by AUSPROP:

    I believe the upward spiral in prices is not a post WWII phenomena and that it actually goes back pretty much to the beginning of record keeping.

    http://tradingforaliving.netfirms.com/real_house_prices.htm

    Profile photo of wayneLwayneL
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    @waynel
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    It seems that most people form their opinions about things economic;

    1/ based on the near past…say last 10 years, or

    2/ based on what they hope will happen

    For instance the comment “property willcontinue to give great growth and security” in the absense of any rationale, seems to be based upon either 1/ or 2/, or both.

    It is “possible” that this may not be the case, as has been pointed out by several economists.

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    Toby,

    I’m by no stretch of the imagination an expert, but, do be careful on the type of area you by in….the type of areas where there are 35k tend to be as rough as a pigs breakfast.

    $+ve IF you can get the rent.

    Cheers

    Profile photo of wayneLwayneL
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    @waynel
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    Before and after satellite photos:

    http://homepage.mac.com/demark/tsunami/2.html

    If you haven’t grasped the actual scale of destruction, have a look.

    Profile photo of wayneLwayneL
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    @waynel
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    Earth Still ‘Ringing Like A Bell’
    The Economic Times – India
    1-10-5

    MELBOURNE (Reuters) — Two weeks on, the earth is still vibrating from the massive undersea earthquake off Indonesia that triggered the tsunami, Australian researchers said on Sunday.

    The Australian National University (ANU) said the reverberations were similar in form to the ringing of a bell, though without the sound, and were picked up by gravity monitoring instruments.

    “These are not things that are going to throw you off your chair, but they are things that the kinds of instruments that are in place around the world can now routinely measure,” said ANU Earth Sciences researcher Herb McQueen.

    “It is certainly above the background level of vibrations that the earth is normally accustomed to experiencing.” The magnitude 9.0 earthquake, the strongest for 40 years, struck off the coast of Indonesia’s Sumatra island on December 26. The tsunami it generated claimed more than 156,000 lives.

    Mr McQueen said the oscillation was fading and at current levels equated to about a millimetre of vertical motion of the earth.

    Immediately after the quake the oscillation was probably in the 20 to 30 cm motion range that is typically generated in the earth by the movements of the sun and moon. “This particular earthquake because it was 10 times larger than most of the recent large earthquakes is continuing to reverberate,” Mr McQueen said.

    “We can still see a steady signal of the earth vibrating as a result of that earthquake two weeks later. From what it looks like, it appears it will probably continue to oscillate for several more weeks.”

    The ANU’s gravity meter is housed in a fireproof basement at the Mount Stromlo Observatory near the capital Canberra and is part of a global geodynamics project established after major earthquakes in the 1960s.

    US scientists said just after the quake that it may have permanently accelerated the Earth’s rotation — shortening days by a fraction of a second — and caused the planet to wobble on its axis.

    Richard Gross, a geophysicist with Nasa’s Jet Propulsion Laboratory in California, theorised that a shift of mass towards the earth’s centre during the quake caused the planet to spin three millionths of a second faster and tilt about 2.5 cm on its axis.

    Copyright © 2005 Times Internet Limited. All rights reserved.

    http://economictimes.indiatimes.com/articleshow/985440.cms

    Profile photo of wayneLwayneL
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    @waynel
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    <<<Hmm.. I shouldn’t be telling you this… I love my town… I want it all for ME!!! Ahaaaa!!! (Wicked laugh…)>>>

    Shhhhhhhhh! They’ll all come and spoil it!!

    Profile photo of wayneLwayneL
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    @waynel
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    Originally posted by gmh454:

    Agree that human nature drives the economy. I think supply and demand is too simplistic.

    A Russian economist, can’t remember his name came out with a theory in the 1920’s that there is a lifetime cycle (around 70 years for major crashes) and it has mini cycles within each macro cycle.

    All cycles were based on human reaction to what people had done in the previous cycle.

    Yes that was Nikolai Kondratieff. Shortly after (late ’30s early ’40s) Ralph Nelson Elliot independantly observed the same phenominum and called it Elliot Wave.

    Sentiment rules! OK!

    Profile photo of wayneLwayneL
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    @waynel
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    Originally posted by Scremin:

    Don’t worry Sonja, I forgot to post all my thingy too.

    I’m a Minstrel!! A dreamer! Apparently I am the optimist of the Kingdom looking for the silver lining in any bad situation.

    The Minstrel is not only optimistic, but charismatic, charming and extremely gorgeous!(Hee hee… that’s my take of it…)

    Interesting none-the-less.
    Steph.

    Success is 1% inspiration and 99% perspiration.

    Also a dreamer! Funny, my mates have been telling me that for years! LOL

    Profile photo of wayneLwayneL
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    @waynel
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    [shocked][angry2][cry]

    Leading Geologist Gave
    Repeated Quake/Tsunami Warnings
    BBy Jonathan Leake
    Times Online.co.uk
    1-4-5

    A leading geologist repeatedly warned Indonesian officials that an earthquake and tsunami would soon strike their shores, it emerged this weekend.

    Kerry Sieh, professor of geology at California Institute of Technology, has been studying the region for nearly a decade.

    Last July he became so concerned at the likely massive loss of life that he printed and distributed 5,000 posters and brochures around some of the islands later hit by the earthquake.

    He addressed church congregations and schools to tell people what to do in an earthquake. His main advice was for people to live away from shorelines.

    Sieh had been due to meet Indonesian officials last month to discuss a wider education programme but the meeting was cancelled at the last minute because the officials said they had no money.

    Two weeks ago he expressed his fear that a big earthquake and tsunami were overdue in the region at a conference in San Francisco.

    Sieh said this weekend: “No one can predict exactly when an earthquake will happen but it was clear that this area was at relatively high risk and such an event would definitely happen one day.

    “We told them it would kill people, wreck infrastructure and destroy livelihoods. But our warnings were falling on deaf ears.

    “My team and I decided to bypass the national and local government and start warning people directly. I hope our efforts saved some lives.”

    Ten years ago Sieh installed monitors on islands off Sumatra. His research focused on the Mentawai Islands, a chain 100 miles south of the epicentre of the Boxing Day quake. Communication has not been re-established with the islands since the tsunami.

    At his speech to the annual meeting of the American Geophysical Union in San Francisco, he pointed out that, historically, such events have occurred in clusters.

    Sieh believes this means another quake could be on the way: “There is some evidence that the stresses on the tectonic plates south of the epicentre may now have increased and raised the chances of another major earthquake.”

    Profile photo of wayneLwayneL
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    @waynel
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    All true!

    But when you stop and think, it is “mostly” us over 35’ers that are creating the current conditions by spoiling our children rotten.

    We’ve created the cult of child worship are intilling an attitude of fear and blame.

    I wonder why that is?

    Profile photo of wayneLwayneL
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    @waynel
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    <<I take back the Shares Section request. It will cause too many arguments.>>

    Shares forums do need strong moderation.

    That little debate between us was mild compared to some I’ve seen…ESPECIALLY where options are concerned. LOL

    Anyway I think between us, we’ve probably seen to it that it never happens….oooops!

    Cheers

Viewing 20 posts - 121 through 140 (of 561 total)