By: davmac1969
2/08/2009
8:16 pm Yahoo! Profile:
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Housing prices may fall in Australia but it is highly unlikely that we will have a more severe housing crash than the US for the following reasons:
1) The US had a massive oversupply of housing, here we have an undersupply
2) Banks in the US were lending to people who did not even have jobs, at rates that were half the long term rate. Naturally once their repayments almost doubled they could no longer afford it.
3) The global financial crisis that was triggered by US housing has already peaked.
4) Our unemployment rates are not growing at alarming rates and are coming off a record low level |
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By: wannaberichlikeme
2/08/2009
7:20 pm Yahoo! Profile:
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bulldog.bill
Banks are run by idiots, they never saw this current financial crisis, yet you claim they now best. If you think that just because they lend money to people that values will not drop, then you indeed are one of those delusional people i was talking about. |
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By: bulldog.bill
2/08/2009
6:09 pm Yahoo! Profile:
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And this is why banks are lending heaps of money for housing - because they think that the values will drop 40-50%. NOT!!
What a load of poppy-coccckkkk - house prices in Australia are steadily increasing. |
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By: wannaberichlikeme
2/08/2009
3:40 pm Yahoo! Profile:
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The Australian housing bubble will soon pop and when it does it will be a lot more severe than what people experienced with the popping of the US housing bubble which has a long long way to fall still.
Any so called expert or economist on this matter that tells you otherwise are living a life of delusions or spreading lies take your pick. Regardless of what Mr Swan Say's it is indeed the Government's money being pumped into the system to support first home buyers that is driving this unsustainable surge in house prices. The bubble that will soon pop will be massive and a 40-50% drop would be the bear minimum, there is going to be a lot of people out there that get wiped out this time for good! |
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By: joebingard
2/08/2009
12:59 pm Yahoo! Profile:
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| what a load of bull |
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By: masonken2349
1/08/2009
7:06 pm Yahoo! Profile:
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| a load of *** and most people know |
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By: economicdisasterlooms
1/08/2009
6:55 pm |
Message deleted. |
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By: almurrie1@y7mail.com
17/07/2009
12:23 pm Yahoo! Profile:
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| Someone seems to know a lot about drug use! |
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By: jaymarcel
17/07/2009
7:37 am Yahoo! Profile:
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| Hi briaaan, Personally I don't run my finances on anyones advice, all the economic experts got it wrong. I base my plans on raw facts & figures, rather than the ones spun up, I'm just joining in with a popular past time on these forums of copying & pasting from the internet to suit my arguement. |
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By: briaaan2003
16/07/2009
8:03 pm Yahoo! Profile:
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| jay, you believe anything from commsec proves you have no idea..read craig james from commsec..he was still spruiking the world economy when the u.s. was tanking..he cones.. |
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By: jaymarcel
16/07/2009
7:15 am Yahoo! Profile:
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The wealth destruction caused by the global financial crisis and subsequent economic slump could be over, economists at Commonwealth Securities (CommSec) say.
CommSec economist Savanth Sebastian expects healthier wealth levels in the June quarter.
"House prices have risen over the last few months, while equity markets have improved substantially," he said in a research note. |
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By: jaymarcel
16/07/2009
6:42 am Yahoo! Profile:
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Oh dear someone really is bored with their own life aren't they, it is obvious you have no life if you have to continue to make comments using IDs similar to others.
Do you not have your own valuable input to put on these forums. |
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By: jaymarcle
15/07/2009
10:19 pm |
Message deleted. |
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By: jaymarcel
13/07/2009
7:30 am Yahoo! Profile:
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| Steve I'm now starting to see why you got your IDs banned, you must of lost everything in this collapse to be so desparate to keep repeating this rubbish on every forum with your many IDs. |
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By: steveb_wilson1
12/07/2009
11:42 pm Yahoo! Profile:
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The worst has yet to come!
You see, though we may have at first escaped the worst effects of the financial storm which more severly ravaged many other countries the efforts made by our government to soften the blow of the economic disaster have layed the foundation for a long and drawn out painful economic crisis.
The "Golden Days" of prosperity for us here are well and truly over!
Increases in the number of people unemployed along with the already rising interest rates charged by banks for loans shall contribute to what I and others have been encouraging others to realise before it is too late for them to secure their financial futures...
AUSTRALIA - ECONOMIC DISASTER LOOMS
Only those who have the means to take action that shall result in their being able to secure their personal finances and so their future financial security shall avoid the worst of the recession. |
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By: mentawaisurf
9/07/2009
6:08 pm Yahoo! Profile:
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Below is an extract from the Devine Limited website. They are agressively marketing their properties to first home buyers with seminars across the country. And they are still heavily advertising 'No Deposit - No Worries!'
And they are not alone. Many other builders and developers are doing the same - all around Australia. They are helping create a new generation of over-indebted Australians whose mortgage defaults will be the final tipping point for a dramatic fall in our housing market.
And yet FHB's are still flying into their web....at record numbers!
FIRST home buyers seeking advice on entering the property market can have all their questions answered at a series of new seminars being held by leading homebuilder Devine Limited.
Devine is holding First Home Buyer Seminars throughout Australia.
"The seminars are designed to take away some of the confusion involved in buying your first home," said Steve Weightman, Devine General Manager South Australia. "First home buyers can have all their questions answered in a friendly and welcoming atmosphere, and get all the specialist advice that they need."
The seminars will include expert knowledge from a leading finance company specialising in home loans, and an independent view of why property is a good investment.
Mr Weightman said it was a great time for first home buyers to get into the market, especially with the $21,000 Federal and $4,000 State First Home Owners Grants.
"There are some terrific government incentives available to first homebuyers, including a $21,000 grant for first home buyers building their own home," he said. "We are also enjoying the lowest interest rates for many years."
Devine Limited is a leading Australian homebuilder. |
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By: jaymarcel
8/07/2009
3:30 pm Yahoo! Profile:
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Gotcha sorry my mistake, does that mean if its not a sellers market then it is a buyers market?
Good time to buy? |
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By: theygotbannedhaha
8/07/2009
3:23 pm |
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By: aaronw_syd74
8/07/2009
3:08 pm Yahoo! Profile:
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Jay,
he said "this is no sellers market", meaning these are not conditions that are advantageous to sellers,
not "no sellers in the market"
The FHOG was issued 97,700 times in the last financial year, a cost of nearly $2 billion. $2 billion subsidising the residential property industry and it's still not "their market".
One has to wonder why we don't instead execute everyone associated with the residential property industry, and just get temporary asian labour at $15,000 a year to build our housing stock. |
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By: jaymarcel
8/07/2009
9:44 am Yahoo! Profile:
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| But I agree the end of the FHOG will be a huge slice of reality the Gov may wish they had never begun. |
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By: jaymarcel
8/07/2009
9:38 am Yahoo! Profile:
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| Hi Kingat33, If there are no sellers in the market doesn't that make prices go up, that signals to me there is no panic selling. Also if no houses are comming onto the market as more people enter Australia or Queensland or into the particular area they will be willing to pay more to compete with others due to the shortage of choice. |
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By: kingat33
8/07/2009
9:13 am Yahoo! Profile:
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| Over in Oz, The Australian Business reported Australia's construction sector contracted for the sixteenth consecutive months in june and builders signalled further weakness in 2009 & in the Brisbane Times reporting Housing Stats show this is no sellers market and sentiment will stay depressed after the first home buyers grant finishes at the end of the year. There seems to be no sign of a revival, says Dr Wilson |
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By: jaymarcel
8/07/2009
7:47 am Yahoo! Profile:
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Good morning all,
While I've been away I see more people advising not to buy property, well my advice is dont buy shares! If we look at history & who the panicers are at the moment we notice the sharemarket players are scared of spending due to their big losses over the past year.
Where as the people in property are just buying more property (this is what is happening in Brisbane anyway). Property investors are seeing that following a fall of 5% - 10% in the property market over the last 6 months now is a great time to buy more property & lock in a long fixed rate & watch the supply/demand is do the rest. Property prices will rise & rent will rise, what financial position would you like to be in 2015, still renting at higher costs or living in your own home with 5 years paid off your mortgage.
As many have said on here the recovery will all be about Asia & we all know how this affects Oz, more $$$ |
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By: ricky.rollings
7/07/2009
7:50 am |
Message deleted. |
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By: fire.fly_au
24/06/2009
10:31 pm |
Message deleted. |
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