House prices to keep falling for years

[sinner]

Makes you wonder how the whole World and Uni trained bankers could get sucked into this mess.

Thankyou S&P as well as Moodys for AAA ratings against any old paper which just so happened to yield excellent money every month without fail.

 

[singlefished]

Makes you wonder how the whole World and Uni trained bankers could get sucked into this mess.

maybe they had kincella running the numbers for them?

 

[nunthewiser]

maybe they had kincella running the numbers for them?

LOL

 

[knocker]

Yes very funny, pity it reflects the truth

 

[numbercruncher]

maybe they had kincella running the numbers for them?

And Beej auditing ?

 

[numbercruncher]

I see realestate.com.a is even letting folks run ads about Australias property bubble .... so much for " no bubble exists " ....

 

[singlefished]

Rental crisis eases as investors return: REINSW
Thursday February 26, 2009, 10:50 am


The Real Estate Institute of New South Wales says there are signs Sydney's rental crisis is easing, as investors return to the market.

While the overall vacancy rate remains unchanged, the percentage of available properties 25 kilometres or more from the CBD has jumped from 1.4 per cent in December to 1.7 per cent in January.

The Institute's president, Steve Martin, says the figures are based on what properties its members have available.

He says economic conditions, and the federal Government's first home buyer grant increase, are helping to free up rental accommodation.

"[Lower] Interest rates, coupled with the first home buyer grant, is playing a leading role in solving what has been a rental crisis," he said.

"The investors are certainly coming back into the market place, and tenants who normally would be renting have in fact been given the opportunity to own their own property which takes them out of a tenancy situation."

The Institute's President Steve Martin says the figures are based on information received from members.

He says with investors coming back into the market, the trend is likely to continue.

"The areas that fall into the affordable price ranges, I think the investors are starting in those locations and I think that's probably reflected in the vacancy factor," he said.

"I think the next area that they'll be picking the eyes out of will be the middle area, and then of course they'll be moving closer to the city."

http://au.biz.yahoo.com/090225/31/24uy9.html

great news - buy more IP's to put further downward pressure on rentals whilst prices in the middle and upper sectors continue to head south...

nirvana

 

[CamKawa]

Lend Lease to cut 1700 jobs after $600m profit hit

"AUSTRALIA'S largest property developer Lend Lease said it will cut 1700 jobs over the next six months, after it posted a loss of almost $600 million for the first half. "

Did this come about because house price are going up? I don't think so.

 

[Trevor_S]

"AUSTRALIA'S largest property developer Lend Lease said it will cut 1700 jobs over the next six months, after it posted a loss of almost $600 million for the first half. "

The headline is a little misleading at first glance...

Geographically I'd say about 20% of that is in Australia, the balance is offshore.

I see realestate.com.a is even letting folks run ads about Australias property bubble .... so much for " no bubble exists " ....

from, here I take it ?

http://forum.globalhousepricecrash.com/index.php?showtopic=48041

 

[knocker]

More good news for our recession proof economy. Go Kruddy!!

http://business.theage.com.au/business/5000-jobs-go-as-crisis-bites-20090226-8ioh.html

 

[numbercruncher]

More good news for our recession proof economy. Go Kruddy!!

http://business.theage.com.au/business/5000-jobs-go-as-crisis-bites-20090226-8ioh.html

From the article .....

Mr Trujillo confirmed today that 10,143 jobs had been cut since he arrived and more were to come as people working on the company's transformation completed their tasks.

Capatalism self canabalising ...... fancy having a job thats end goal is to sack you !

 

[knocker]

Yipeeeeeeeeeeee:

http://www.theage.com.au/national/outcry-at-no-job-safe-blunder-20090226-8j7e.html

 

[robots]

hello,

its fantastic Knocker, companies have got the best reason going around to get rid of all the slackers in there work force,

the guy/girl who constantly late, packs up early, 50 smoke breaks

on our sites all the contractors attitudes have massively improved whereby things get done, fixed or sorted easy

paradise

thankyou
robots

 

[GumbyLearner]

hello,

its fantastic Knocker, companies have got the best reason going around to get rid of all the slackers in there work force,

the guy/girl who constantly late, packs up early, 50 smoke breaks

on our sites all the contractors attitudes have massively improved whereby things get done, fixed or sorted easy

paradise

thankyou
robots

One dimensional stuff yet again
Relishing other peoples misery
You must be a member of the Liberal (Ban the Poor) Party of Australia

thankyou
Gumby

 

[numbercruncher]

hello,

its fantastic Knocker, companies have got the best reason going around to get rid of all the slackers in there work force,

the guy/girl who constantly late, packs up early, 50 smoke breaks

on our sites all the contractors attitudes have massively improved whereby things get done, fixed or sorted easy

paradise

thankyou
robots

Any of your co-workers been told to skidaddle yet Robi-one-kinobi ?

Or is it still nirvana in the building industry in Melb ?

 

[knocker]

hello,

its fantastic Knocker, companies have got the best reason going around to get rid of all the slackers in there work force,

the guy/girl who constantly late, packs up early, 50 smoke breaks

on our sites all the contractors attitudes have massively improved whereby things get done, fixed or sorted easy

paradise

thankyou
robots

Yes those union thugs are hard yakker type blokes aren't they robi lol Never sit around in the site shed planning their next walk out.

 

[robots]

Any of your co-workers been told to skidaddle yet Robi-one-kinobi ?

Or is it still nirvana in the building industry in Melb ?

hello,

two

as mentioned, the slackers, the ones who dont care, 100 smokes a day and they exist in most workplaces,

i am not in the union scene, yes still nirvana for our crew with work all year round 7 days a week if I wanted it (serious here)

my work is in "business" building, like restaurants, cafe's, facilities and small amount of residential

thankyou
robots

 

[Trevor_S]

Yipeeeeeeeeeeee:

http://www.theage.com.au/national/outcry-at-no-job-safe-blunder-20090226-8j7e.html

It's unfortunate frankness is classified as a blunder... never mind, best to have an obfuscating politician I guess

back on topic

http://business.watoday.com.au/business/house-prices-will-drop-10pc-20080903-488l.html

WA homeowners should brace for a house price fall of up to 10 per cent as the state bears the brunt of an economic slowdown, one of the country's leading economists has warned.

and then of course you have this

http://www.watoday.com.au/wa-news/perth-housing-slump-a-myth-forecaster-20080919-4jx1.html

Perth homeowners should relax - the property market will not slump and the worst is probably behind them, according to a leading forecaster.

 

[Glen48]

This won't happen here because we are not part of the WFC ...

http://news.bbc.co.uk/2/hi/business/7910329.stm?ref=patrick.net

 

[robots]

hello,

its already happened here Glen48

thankyou
robots