tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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There isnt much if any informed comments on this thread.
Mostly "Blind Freddy" can see this or that.
So lets bring some perspective into the thread,its currently boring as hell with the un informed forming un informed opinions which they up hold with vengence.
those who have any counter opinion are labelled permabulls.
Labels are good I have one for my own property investments--Business--its what I do.
So looking at the Department of Treasury and Economics 3rd November release on House pricing throughout Australia and in particular SA (which is where Business for me is!).
Statistics from 30/09/07 to 30/09/08
House prices across Australia rose 2.8%
Leaders were Adelaide 9.7% Melbourne 8.1%
Losers were Perth - 4.1%
Sydeny - .4%
These were the only states with a negative price growth.
The Share Market had fallen 40% in the same period.
The Report from the Reserve Bank Ric Battellino on the 30Th of October raises the following.
(1) Household Income.
Over the past 5 yrs household disposable income has increased 30%.
Factors contributing to the surge.
Salary grew at around 7.5% P/A
Investments grew an average of 17% P/A.
Tax payable grew less than income because of tax cuts resulting in an increase in disposable income of around 8.3%.
Inflation grew at 2.2% P/A leaving 6.1% P/A growth in disposable income.
(2) Household Balance Sheets.
As At 30/09 The average household assets were $245,000 and Average Liabilities $150,000.
(3) The Housing Market.
The Australian housing market is leading most world markets by upto 3 yrs.(According to the Reserve Bank) as an example we peaked in 2003 and the US in 2006. The boom in Housing started in Australia well before other western countries.
Most Western countries have over supply.
Australia now has a shortage of supply.
Australian housing's boom ended due to affordability NOT over supply as in most western countries and in particular the US.
As a result buyers are now waiting for lower interest rates and or increased wages to satisfy the underying demand.
I only have this in hard copy so if anyone can take a copy and up load it to here or a link I am happy to fax it. Just private mail me.
People dont get it that its about SUPPLY.
Massive supply = falling prices.
There ARE areas like this but only pockets. The problem is that these pockets are focused on as the NORM for Australia as a whole.
Fact is its NOT the NORM.
We have a supply problem there is very little.
As prices drop marginally.
Incomes rise marginally.
Incentives are given (Grants)
Interest Rates drop (Now heavily). The buyers will be looking at Property once again.
So before making Knee Jerk comments without informed information, do a little research and stop treating people like they know bugger all---you might just learn something!!!
Mostly "Blind Freddy" can see this or that.
So lets bring some perspective into the thread,its currently boring as hell with the un informed forming un informed opinions which they up hold with vengence.
those who have any counter opinion are labelled permabulls.
Labels are good I have one for my own property investments--Business--its what I do.
So looking at the Department of Treasury and Economics 3rd November release on House pricing throughout Australia and in particular SA (which is where Business for me is!).
Statistics from 30/09/07 to 30/09/08
House prices across Australia rose 2.8%
Leaders were Adelaide 9.7% Melbourne 8.1%
Losers were Perth - 4.1%
Sydeny - .4%
These were the only states with a negative price growth.
The Share Market had fallen 40% in the same period.
The Report from the Reserve Bank Ric Battellino on the 30Th of October raises the following.
(1) Household Income.
Over the past 5 yrs household disposable income has increased 30%.
Factors contributing to the surge.
Salary grew at around 7.5% P/A
Investments grew an average of 17% P/A.
Tax payable grew less than income because of tax cuts resulting in an increase in disposable income of around 8.3%.
Inflation grew at 2.2% P/A leaving 6.1% P/A growth in disposable income.
(2) Household Balance Sheets.
As At 30/09 The average household assets were $245,000 and Average Liabilities $150,000.
(3) The Housing Market.
The Australian housing market is leading most world markets by upto 3 yrs.(According to the Reserve Bank) as an example we peaked in 2003 and the US in 2006. The boom in Housing started in Australia well before other western countries.
Most Western countries have over supply.
Australia now has a shortage of supply.
Australian housing's boom ended due to affordability NOT over supply as in most western countries and in particular the US.
As a result buyers are now waiting for lower interest rates and or increased wages to satisfy the underying demand.
I only have this in hard copy so if anyone can take a copy and up load it to here or a link I am happy to fax it. Just private mail me.
People dont get it that its about SUPPLY.
Massive supply = falling prices.
There ARE areas like this but only pockets. The problem is that these pockets are focused on as the NORM for Australia as a whole.
Fact is its NOT the NORM.
We have a supply problem there is very little.
As prices drop marginally.
Incomes rise marginally.
Incentives are given (Grants)
Interest Rates drop (Now heavily). The buyers will be looking at Property once again.
So before making Knee Jerk comments without informed information, do a little research and stop treating people like they know bugger all---you might just learn something!!!
