House prices to keep rising for years

[MrBurns]

People who own property are basically idiots. Baa Baa follow the rest of the rest of the sheep chasing the so called "Australian Dream"

What a joke!

Don't you realise that housing affordability is the worst in the world and house prices are just about to drop 50%.

You are idiots - well and truly!:

Nice to hear from you, can I call you "less" for short.
The playschool forum is somewhere else as you should be.

 

[knocker]

mmmmm You seem to have a bit of an obsession with young robots m8


anything i can help with ?
we at the convent are very sympathetic listeners if you need a friend to turn to

P.S just wondering when you will get round to answering my querie in the people revolt thread also

m8? Um what are you on about? Or should I say on?

 

[robots]

hello,

top effort nun, keep the joint honest man

i like the Easyrider mold a bit more Mr Burns, just helping out ASF along with all other kings here

thankyou
robots

 

[boundless]

Nice to hear from you, can I call you "less" for short.
The playschool forum is somewhere else as you should be.

Don't come crying back in this forum when you lose your home.

Ha Ha I'll laugh when that happens!

 

[Largesse]

i wouldve posted this from my newly formed aussiepropertyforums.com account but activity is still building over there.... and i want a faster response.

my question is in regards to First Home Owner grants/bonus/boosts/whatevers.

scenario: i'm looking to buy my first place. will be looking to buy in the next 6 months. but i graduate from uni midyear and intend to go o/s for the second half of '09. Will i be able to buy my first house go away for 6 months while renting the place out and still claim the first homeowner grant?

TIA

Large

 

[agathos]

Hi everyone in the House price to keep rising for years..........

Now that someone brought up the price of properties in Queensland,
I wanted to share a little piece of information:

The best and biggest Malaysian and Singaporean Hotel & Property developers actually EXITED the Queensland market 26 months ago, way before everyone get caught................

I guess if anyone has any inside information like this, share it around
While it may not be 100% accurate, it may give another piece of puzzle in this giant maze of the Property price MAZE.

Just like the Raventhorpe and Hopetourn town in Western Australia that was drenched out of hope when BHP whacked 1800 staff with the pinky .......

I am sure the INNEr circle of people must have known something..........

I use to learn that the very conservative but money making Fortune 500 companies in the USA use to gauge the response of consumers at the petrol stations........are people buying less ? more? branded stuff? plain vanilla no frills brands?

It just gives a hint of the people on the street and help business get a grip on reality..................

Reality sometimes can cause a HARD LANDING for a generation born with silver spoon, perpetual super increase, "ever lasting" property price boom, .....................

Wake up
Shake up
Get up

get REALLLLLLLLLLLLLLLLLLLLLL...........agathos.

As for me, I will carry lunch box to work, and read my financial review the cheap skate way (in the public library with free air con).

 

[professor_frink]

Don't come crying back in this forum when you lose your home.

Ha Ha I'll laugh when that happens!

Toning it down would be a good idea

 

[MrBurns]

hello,
top effort nun, keep the joint honest man
i like the Easyrider mold a bit more Mr Burns, just helping out ASF along with all other kings here
thankyou
robots

All in good fun robots, I love that clip

 

[Beej]

Don't you realise that housing affordability is the worst in the world and house prices are just about to drop 50%.

Immature personal abuse aside, re the above - really?

See: http://www.smh.com.au/news/national...urt-the-hardest/2009/01/30/1232818725628.html

While some of the most expensive suburbs in Sydney (with median prices above $1.5M) have clearly been under pressure, (not many Macquarie/B&B etc executives currently in the market), the over-all Sydney median price was essentially flat over the last quarter, and if you look at the break-down by area you can see that ALL the lower and medium priced area's of Sydney (ie where most FHBs shop) saw price GROWTH over the Dec quarter.

For now price falls are done in Sydney at least - I don't think we will see a return to boom times anytime soon, but there WILL NOT be price falls of 40-50% like the dreamer above seems to think

i wouldve posted this from my newly formed aussiepropertyforums.com account but activity is still building over there.... and i want a faster response.

my question is in regards to First Home Owner grants/bonus/boosts/whatevers.

scenario: i'm looking to buy my first place. will be looking to buy in the next 6 months. but i graduate from uni midyear and intend to go o/s for the second half of '09. Will i be able to buy my first house go away for 6 months while renting the place out and still claim the first homeowner grant?

TIA

Large

Check the goverment websites to be sure, but I believe you are entitled to the grant as long as you move in within 12 months of purchase.

Cheers,

Beej

 

[nunthewiser]

m8? Um what are you on about? Or should I say on?

um all of your latest posts seem to be attacking robots , in the "people revolt"thread you reckond robots and beej made you ill

like i said darl . why the obsession ?? is it a poster name thing or is it there opinions you cant deal with hence your constant attacking of the poster

p.s no i am not on anything as you asked , i was genuinely concerned for your mental wellbeing

 

[boundless]

, but there WILL NOT be price falls of 40-50% like the dreamer above seems to think

Beej

Get your head out of the sand!!

 

[nunthewiser]

Personally think that 40% falls and more are not out of the question actually , already seeing some suburbs 20% off there median highs and thats WITHOUT unemployment hitting the ground properly yet...

please dont call me a dreamer tho beej as im just a nun with an ear to the ground

 

[numbercruncher]

but there WILL NOT be price falls

Ah huh ....

 

[Beej]

Personally think that 40% falls and more are not out of the question actually , already seeing some suburbs 20% off there median highs and thats WITHOUT unemployment hitting the ground properly yet...

please dont call me a dreamer tho beej as im just a nun with an ear to the ground

OK - but there is a BIG difference between talking about what could happen in "some suburbs" vs making a blanket prediction about the entire national market.

Ah huh ....

If you are going to quote me at least quote me properly NC..... I said "but there WILL NOT be price falls of 40-50%" not "but there WILL NOT be price falls".

Did you actually read the article I posted the link to? Maybe looking at the data and commenting on it would make your posts more useful for us all? If you look at the figures, to bring this all back on topic - you might note that the majority of Sydney areas saw price INCREASES of around 1-1.5% during the last quarter. They were also the area's in the lower and middle price ranges (~$350k - ~$650k median). How does this data fit with bearish views re "certain" further falls in the market of up to 50%?

Cheers,

Beej

 

[robots]

i wouldve posted this from my newly formed aussiepropertyforums.com account but activity is still building over there.... and i want a faster response.

my question is in regards to First Home Owner grants/bonus/boosts/whatevers.

scenario: i'm looking to buy my first place. will be looking to buy in the next 6 months. but i graduate from uni midyear and intend to go o/s for the second half of '09. Will i be able to buy my first house go away for 6 months while renting the place out and still claim the first homeowner grant?

TIA

Large

hello,

largesse, I am pretty sure you have to live in the joint within 12mths from purchase, check your local gov body

just type in first home owners grant into Yahoo

so you would be fine, no worries here Mr Burns, the joint is rocking again tonite with everybody putting in

yes any other questions fire away, ASF members helping out

thankyou
robots

 

[nunthewiser]

You must live in the house for 12 months minimum , Also if one sells the house within the 12 months there is penaltys....

this is from my nephew who is currently buying his first home with the fhob

perhaps check out the site

 

[Beej]

perhaps check out the site

FYI this is from http://www.facs.gov.au/internet/facsinternet.nsf/family/ess_fhob_info.htm

To be eligible for the Boost, you must enter into a contract to purchase an existing home, construct or purchase a new home or buy 'off the plan' between 14 October 2008 and 30 June 2009 inclusive, and:

* be at least 18 years of age
* be an Australian citizen or permanent resident
* not have previously received the First Home Owners Scheme grant or have a spouse (or de facto) who has previously received the grant
* generally not have previously owned and lived in a home, or have a spouse (or de facto) who has previously owned and lived in a home in Australia and
* live in the home for a continuous period of at least 6 months, commencing within 12 months after completion or settlement.

Cheers,

Beej

 

[nunthewiser]

FYI this is from http://www.facs.gov.au/internet/facsinternet.nsf/family/ess_fhob_info.htm



Cheers,

Beej

cool , i just yelled out to the young bloke and thats what he told me , now i will show him this...........is this oz wide or varys state to state ?

 

[robots]

hello,

top effort Beej, I think there maybe some tweaking at state level on the grants

local gov revenue offices are the best places to get the info

what a great night,

this deflation thing is fantastic I picked up 3 slices of pizza for $5 instead of 2 slices today at the Sth Melb market, paradise

thankyou
robots

 

[Beej]

cool , i just yelled out to the young bloke and thats what he told me , now i will show him this...........is this oz wide or varys state to state ?

It's a commonwealth program so should be same rules oz wide?

Stamp duty exemptions/concessions vary from state to state though - in NSW I think a FHB pays zero stamp duty on a purchases up to $500k, and then a graduated discounted stamp duty rate up to $600k, at which point they decide that you must be riich enough to pay the full amount. I don't know if those amounts are indexed in any way though?

Cheers,

Beej