By: sly.guy_nsw1
Yesterday (12:09 am) Yahoo! Profile:
sly.guy_nsw1 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Robert Prechter Warns
Take a look!
Good night.
Hopefully, your dreams will be sweet..... |
|
By: billy_tiut
2 days ago (Friday, 7:52 pm) Yahoo! Profile:
billy_tiut Did this message offend you?
Sign in to report abuse |
Reply to this message |
I would like to add here, I agree that the house price will not fall, reason is simple -> getting a finance in Australia is quite hard.
I had a finance approval and let me tell you the way that you need to convince the lender and get the loan is really hard. There are so many paperwork and they even check your credit rating, for instance if you once get unemployed and get the money from Centerlink you will not get approved even you already back to normal and get the job, because centerlink bring down your credit rating.
Just looking at that, it will be unlikely the house price will fall. It will go up at a slower pace, because remember Australia a resource driven country and we are tight to China and India now which is good.
And we are in oil and gas boom rather than mining boom and my friend look at Chevron Gorgon project, that field alone has life of 50 years, it will add more prosperity into Australia and WA in particular. Plus Uranium and massive NWS gas project by Woodside, INPEX, and Shell.
I believe Australia is very unique because it's a western country but have more Asian influence. |
|
By: glh40
2 days ago (Friday, 7:42 pm) Yahoo! Profile:
glh40 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Nov. 4 (Bloomberg) -- Jim Rogers,
Rogers said the only bubble he sees in the Western world now is in U.S. bonds.
âI cannot conceive of lending money to the U.S. for 30 years,â he said.
So lets Connect the Dots...Bond bubble bursts due to His second comment above...Interest rates rocket up.. Outcome...great trouble for mankind, and nothing left but DEBT...and the Continuation of the Theft of Prosperity...Demographics have nothing to do with future prices...Its all about Interest rate Swaps in OTC derivatives or in English....VERY CHEAP MONEY which Ends on the Bonds Bursting due to the continuation of 1% rates in the Major Countries,Euro,Dollar,Yen while producing Excessive amounts of QE...World Currencies WILL Devalue when the Reserve Currency comes under attack ..which will ocurr Soon due to the above....Buy a Bar of Gold to protect yourself from this Political Economic maddness. |
|
By: funkyjoeisno1
2 days ago (Friday, 2:25 pm) Yahoo! Profile:
funkyjoeisno1 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| You are kidding. How stupid can you be. Overall house prices are not going anywhere but up. Sure some citys suburbs etc might go down but Australia as a whole is going up and up. Place like Canberra and Darwin (usually not mentioned in national statistics or new columns due to there status as a Territory rather than a state) are powering ahead. These places also ahave higher than average wage (Canberra has the highest in the country) both have extremly low rental vacancy rate (less than 1 %)and no where near the housing supply required. Perth has contracted but with mining prices rising again as is housing demand. Anyone who thinks prices are going to go down 1% nationally is a complete fool. let alone 40 - 50%. The yank's & pom's dont have the percentage demand that we do. Nor do they have the mentality that Aussie have. Most Aussie want to buy thier own home and there are more and more investors each day. Pom's and particulary america are happy renting. It is seen as teh norm. |
|
By: eesanft
2 days ago (Friday, 2:07 pm) Yahoo! Profile:
eesanft Did this message offend you?
Sign in to report abuse |
Reply to this message |
We can look at wider comparability issues and they are interesting but they do not determine market prices in the short run, supply and demand does. If we are looking at house prices in SE QLD, then the facts are:
1. It costs $200,000 upwards to build a house incl. basic landscaping etc
2. Three developers currently have a stranglehold on the supply of new blocks to the market, none of these companies is in a weak financial position so they have the ability to maintain the flow of blocks to market at $220,000 to $250,000 per block minimum
3. Adding these two costs together, a new house will cost $420,000 to $450,000 or around 7 times the national wage.
Can anyone tell me where the savings are going to be made? The only one possibility I can see is that if GST was dropped, there might be a saving of around $40,000 but that is not huge. |
|
By: mentawaisurf
2 days ago (Friday, 1:25 pm) Yahoo! Profile:
mentawaisurf Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Australian house prices need to fall (and will fall) to levels of affordability based on income, regardless of what the government or central bank try to do to re-inflate our housing bubble. These short-sighted efforts to prop up prices are costly, they will not work (prices will fall to where they are headed anyway) while they will only delay any sustainable recovery in the future. |
|
By: jaymarcel
2 days ago (Friday, 12:56 pm) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
| You are correct in your facts rodney but I believe we have a long way to go before australians are forced into learning a lesson in debt, it appears the UK & USA have been punished for their debt management skills or lack of but have yet to learn any lessons. |
|
By: babybearheat
2 days ago (Friday, 12:15 pm) Yahoo! Profile:
babybearheat Did this message offend you?
Sign in to report abuse |
Reply to this message |
I am no financial wizz but I would also urge caution.
as one of the immigrants that are supposed to be driving the potential rise in house prises I can tell you are now probably the most expensive country in the world to buy property. I have lost 40% of the value of my property in the UK hence I now have very little/no finances to start buying here.I AM NOT ALONE IN THIS!!
Many of those intending to come here have seen huge losses in capital or are deciding to stay put as moving here is no longer an option.Due to the weak pound/ strong A$ this is making the move even less attractive.
On top of this to protect jobs here and prevent immigration scams the rules for immigration are changing and the numbers allowed to enter are being reduced. Therefor fewer people to buy with potentially lower funds!
Just something to consider. |
|
By: lasty49
2 days ago (Friday, 12:14 pm) Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Its not only domestic demand that property prices are rising check out here to see who is on the bid also http://www.smh.com.au/business/dollars-strength-ca nt-deter-foreign-property-investors-20091105-hzx3. html |
|
By: rodneysaviour2
2 days ago (Friday, 11:10 am) Yahoo! Profile:
rodneysaviour2 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Hi jaymarcel!
True enough my friend.
But.. Last year...
Jobs they were a plenty.. Unemployment was not a major concern... Our economy was expanding rapidly... Banks were not hesitant to lend.. Construction was booming.. International trade was increasing... Companies were expanding domestic operations..
Today's real economic situation is far different than that of "last year".
The economy of today simply cannot support the prices of yesterday.
The "Golden Years", (as my good friend steve_b_wilson refers to the previous several years of prosperity) are well and truly at an end!
Bewae that you do not fool yourself into believing something which in fact cannot be.
Property prices will fall. It is simply a matter of time.
ECONOMIC DISASTER LOOMS! |
|
By: jaymarcel
2 days ago (Friday, 7:26 am) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
| arkoasis, but rates where between 8% & 9% before the GFC & property was still going up with minimal property owners defaulting. |
|
By: arkoasis
2 days ago (Friday, 1:56 am) Yahoo! Profile:
arkoasis Did this message offend you?
Sign in to report abuse |
Reply to this message |
Well the 40 or 50% tag is really academic. One of the main problems is that most people under 40 have never known anything but the halcyon days of the property market of the last five or so years. And they're conditioned to the lowest rates in donkey's years. And they believe the property spruikers who persist with the massive con that somehow, property remains except from the Newtonian law.
And when all this ridiculous stimulus spending stops and real world mortgage rates of 8 and 9% start to impact,well that's when the fun starts. |
|
By: ang101000
3 days ago (Thursday, 9:26 pm) Yahoo! Profile:
ang101000 Did this message offend you?
Sign in to report abuse |
Reply to this message |
Menta,
Late last year, the govt (quietly) has changed the rules for foreign investment (in real property). Of course they relaxed the laws. |
|
By: sly.guy_nsw1
3 days ago (Thursday, 4:06 pm) Yahoo! Profile:
sly.guy_nsw1 Did this message offend you?
Sign in to report abuse |
Reply to this message |
After everything that happened, you'd think people would see another disaster looming.
But judging by the content of many post on these pages and also articles of late in the press that few have learned much.
I encourage EXTREME CAUTION!
And join with steve_b_wilson in his effort to illuminate the reality of our current situation
Look more carefully at what you read and analyse more carefully what you have heard or seen. |
|
By: mentawaisurf
3 days ago (Thursday, 2:36 pm) Yahoo! Profile:
mentawaisurf Did this message offend you?
Sign in to report abuse |
Reply to this message |
Australian real-estate markets also have heated up. After a Melbourne property-research firm recently predicted that average home prices will double over the next 12 years, a news report in Australia's Herald Sun said: "The staggering prediction shows the importance of buying a home as soon as you can afford it because the longer buyers delay, the more chance there is that their dream will slip out of their reach."
Listen to the property spruikers and get out there and buy now before the dream is gone.....because 'now' is always the time to buy!
Unfortunately, the dream will soon turn into a nightmare for too many. |
|
By: glh40
3 days ago (Thursday, 2:14 pm) Yahoo! Profile:
glh40 Did this message offend you?
Sign in to report abuse |
Reply to this message |
| at 12 times income..here in syd = ka-boom |
|
By: jaymarcel
3 days ago (Thursday, 1:22 pm) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Lucky I didn't sell anything looks like boom times are back |
|
By: mentawaisurf
3 days ago (Thursday, 1:01 pm) Yahoo! Profile:
mentawaisurf Did this message offend you?
Sign in to report abuse |
Reply to this message |
Fears of a New Bubble as Cash Pours In
Real-Estate, Stock and Currency Markets, Especially in Asia and Pacific, Are Seen at Risk
by Alex Frangos and Bob Davis
Wednesday, November 4, 2009
http://finance.yahoo.com/banking-budgeting/article /108087/fears-of-a-new-bubble-as-cash-pours-in?sec =topStories&pos=8&asset=&ccode= |
|
By: ralph.montegue
3 days ago (Thursday, 11:59 am) Yahoo! Profile:
ralph.montegue Did this message offend you?
Sign in to report abuse |
Reply to this message |
Of course property values shall fall significantly. The economy of today cannot support the inflated prices which were stimulated by the economy of yesterday.
It is now only a matter of time until the full force of the economic disaster of which steve_b_wilson writes breaks upon these shores.
Will you be ready?
Or like some who would shirk away from facing reality rather than face it, will you also suffer more than you would have otherwise?
I join with steve_b_wilson and others to promote the CRUSADE and so do my best to encourage each and every member of our society to take whatever action(s) is/are neccessary so as to ensure financial freedom and avoid significant loss in the months to come. |
|
By: jaymarcel
3 days ago (Thursday, 11:19 am) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
parrellajohn, Why should everybody have a chance to buy a property? Not everyone works or contributes to the system that gives us our lifestyle.
As lasty says this arguement on affordability has gone on for many generations, the next generation will find a way just like the last. |
|
By: lasty49
3 days ago (Thursday, 10:27 am) Yahoo! Profile:
lasty49 Did this message offend you?
Sign in to report abuse |
Reply to this message |
"The house should drop 40% 50% to have every dody a chance to buy one,new generation will never have chiance to buy. J.Par."
Dont worry the "experts" are telling me that there is a surplus of houses here.
As for the new generation, unfortunately they want everything now.
Im sure if they wait their time like previous generations before did they will get their opportunity. |
|
By: parrellajohn
3 days ago (Thursday, 10:11 am) Yahoo! Profile:
parrellajohn Did this message offend you?
Sign in to report abuse |
Reply to this message |
| The house should drop 40% 50% to have every dody a chance to buy one,new generation will never have chiance to buy. J.Par. |
|
By: jaymarcel
3 days ago (Thursday, 7:50 am) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
| If what you say will happen really happens, there will be no winners as crime & corruption takes over. |
|
By: glh40
4 days ago (Wednesday, 2:46 pm) Yahoo! Profile:
glh40 Did this message offend you?
Sign in to report abuse |
Reply to this message |
factor 3
US$ Long Bonds.....The Canary in the Coal Mine
Supply /Demand /Immigration / Land Shortages/etc etc
When this Blows,there will be Nothing left BUT DEBT ...Why will she blow? Because of QE and the insistence of keeping Interest rates at Emergency Lows for Too Long, World Wide Currency Devaluations Will Ocurr causing Inflation and Bond Holders will want compensation for this so they will flee(take their loses) Bonds and Emergency Interest rates will be Over causing GREAT TROUBLE....Buy a Gold Bar instead. |
|
By: jaymarcel
4 days ago (Wednesday, 12:35 pm) Yahoo! Profile:
jaymarcel Did this message offend you?
Sign in to report abuse |
Reply to this message |
| Every financial decision is a tough one at the moment, I feel like it could fall either way. |
|
