- Joined
- 7 September 2009
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No just sounds like you have a drinking problem.
What a stupid definition. I have over 50% of my household income going into a mortgage but I also have more than the average Australian wage left over for beer money.
Am I supposed to feel stressed?
What a stupid definition. I have over 50% of my household income going into a mortgage but I also have more than the average Australian wage left over for beer money.
Am I supposed to feel stressed?
More than the average wage left over?...clearly puts u in the above average bracket...please continue to spend with abandon.:
hello,
see its all a zero sum game brothers
thankyou
Grandmaster Flash
Were talking to Porter Davis this morning about the Marriot and the fellow mentioned that their base price has dropped over the last year(I didn't ask by how much)......not to mention they have upped their 'luxury upgrade package' from $53k(cost $3k) to $72k(cost $5k).........that makes two builders that I know of now(Henley as I mentioned earlier "Double story discount has gone from $15k to $30k with $50k worth of 'luxury' upgrades for free(previously cost $3k), I dare say more will follow and deals will get better as grants reduce. These price reductions and increased inclusions far exceed the current $7k drop in FHBG Boost
So as far as building new homes.........prices seem to be dropping and inclusions seem to be increasing.
Building contracts take about 2-3 months to generate, so most volume builders need FHB to sign now to guarantee contracts before Dec 31. I'd say there are a number of FHB who decided to purchase existing properties rather than build because of this lag time
Porter Davis(Vic) lock in max 20 build start dates each month, about 2-3 months ago I was told their earliest start dates were in Feb 10'........Today 2-3 months later I was told there are still 4 start date openings for Feb. So it would seem new home building buyers are/have been slowing down, hence why they are dropping prices and increasing their inclusions.
I have a mind to wait till later in the year or early next year, I have no doubt they'll be hurting even more by then and they'll need to throw more freebies in and/or drop prices even more............that is if Krudd keeps his meddling fingers out of the pie
cheers
Beej,
Interest at there peak last year certaintly slowed the market and in some areas saw a decent pullback on prices.
0.25% is tiny, but as the RBA has noted it is going to gradually ease interest rates back to normal levels.
Reduced FHBG and interest rates back to norm will certainly put the brakes on the market.
Beej, you are in Sydney. Hasn't Sydney prices stagnated for the last six years.
New REIWA president Alan Bourke said with a slack vacancy rate and substantial number of new homes just finished or being built, Perth did not have a housing shortage like the east coast.
satanoperca
The next six months will be interesting with rising interest rates and FHBG being reduced again. Govnuts should not medal in markets, they only make things worse.
As posted in the other thread but more appropriate in this one:
http://www.theaustralian.news.com.au/business/story/0,28124,26213424-5018001,00.html
Rapid interest rate rises. It cannot be, it is unfair, it is not right. Crickey we shouldn't have taking out such a large mortgage. Govnuts please save us, we have been brainwashed by sundry and all that house prices never fall.
Oh, I can hear the cries of pitty already and it has only just begun.
Swanny will be out telling the RBA how to do their job any minute now.
And an article about WA.
Time will tell if the same applies to the east cost.
The next six months will be interesting with rising interest rates and FHBG being reduced again. Govnuts should not medal in markets, they only make things worse.
Cheers to all.
But it is looking ominous for housing market isn't it, wont hurt the OS investors who probably used cash but the young Aussie couples who mortgaged to the hilt having all faith in Rudd will learn that he and his pack of drones like all other Labor Govts will let their supporters down then run and hide in the obscurity of opposition.
One positive from Labor is that they gave the money to the people and not the banks like the US. Economic modelling has shown this to be far more effective at reducing unemployment and stimulating the economy than feed fat bankers more lunch.
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