IFocus
You are arguing with a Galah
- Joined
- 8 September 2006
- Posts
- 7,697
- Reactions
- 4,809
NC likely story to to happen here in Perth I think also once the boom slows down the people who can least afford at the bottom end lose out.....
The article was a compilation of Data / opinions from various sources such as Australian Property Monitors , MVS Valuers , John Symonds , RP Data , maybe they are all full of cr@p .....
You should read the article its quite interesting.
Cheers.
The article was a compilation of Data / opinions from various sources such as Australian Property Monitors , MVS Valuers , John Symonds , RP Data , maybe they are all full of cr@p .....
You should read the article its quite interesting.
Cheers.
but that wouldn't sell papers would it
Thats nice, how about firemen 21ph, coppers 25ph, soldiers 25/30 p/h , nurses 30p/h, childcarers 18p/h etc. They should all throw in the towel, as a society we dont really need them, just need those with the capacity to push up house prices ?
How about 1 in 3 Aussies work full time, 2m get about min wage, not all of us can earn a good income.
I get your point though, anyone tettering in the edge is getting there just deserves eh ?
By the way there is a hell of alot more Houses in the mortgage belt than the affulent Northern suburbs.
It did in the past, even sold a bunch of TV shows.
Australias different though, nothing but up up upJust ask the Bank shareholders.
Still doesn't change the fact that the average wage is $65 K .
Posted Thu Feb 21, 2008 1:41pm AEDT
Updated Fri Feb 22, 2008 8:26am AEDT
The average Australian employee earned $1,109 per week over the three months to November, official data out today show.
your story is prob an exception as is my dads. He left school at 15 and owns his own bus now. But those days are coming to an end my friend. Back in the day you could leave school early get little training and be well off but economies (particulariily western ones) are becoming more hightech. I think if your a good entrpreur or saleman you can make a good living without education but that only applies to a small % of the pop.
As for those 2 mill people on min wagemost of those are teen's and unskilled workers.
You can not say that in general people with more education don't make higher wages thats just nonsense.
You need to let the ABS in on your findings, seems they are unaware of this 20pc jump in the last couple of months..
http://www.abc.net.au/news/stories/2008/02/21/2168841.htm
http://www.theage.com.au/news/national/pm-doubles-rental-aid/2008/03/03/1204402337664.html
PM doubles rental aid
March 3, 2008 - 4:22PM
The Federal Government will offer $6000 tax credits to the private sector in an effort to double the number of affordable rental properties in Australia.
Prime Minister Kevin Rudd made the announcement in front of more than 700 people at a business forum in Brisbane today.
Mr Rudd said the tax credits would be made in yearly instalments over a 10-year period as part of a national rental affordability scheme.
He said the scheme would be ongoing after an anticipated 3500 new properties were built in the 2008/2009 financial year.
The plan would eventually double the national stock from 50,000 to 100,000 rental homes, he said.
Mr Rudd also announced a $500 million housing affordability fund to tackle rising infrastructure charges and planning delays plaguing local governments.
The Government would invest $30 million to upgrade information systems to speed up approvals processes.
State and territory governments have agreed to provide $2,000 a home either through cash payments or in kind, such as via the provision of cut price land or concessions on stamp duty...
(continued on site)
You need to let the ABS in on your findings, seems they are unaware of this 20pc jump in the last couple of months..
So as residential property wealth is redistributed to younger generations, they go and buy houses, pay of the credit cards etc. etc.
I wouldn't be surprised if Australia's GDP picks up considerably over the next few years, along with interest rates, house prices, wages, rents, food, and petrol. Just go and live in Scandinavia, and you'll get an idea of where things are headed here. The only difference may be that taxes will continue to go down, and coffers are supplemented by more and more billions of dollars in surpluses generated by company tax.
The difference between 65k and 57k is 12%, not 20%.
As we've come to learn, numbercruncher is not much of a numbercruncher. I'd be interested to know the avg. for NSW, since there is no point doing a nat. avg. when we're talking NSW.
ASX.G
do you have parents? If so, what is their house worth? how much do they owe on it? This is the single most important fact that people on this thread have ignored so far. I would argue that there is a currently a massive transfer of generational wealth going on, and this will continue to go on for years (until the end of the baby boomer generation). The BB generation is the single largest group of 0% LVR owner occupied dwellings the country has seen. This may help people understand why gen x and gen y feel comfortable taking on such debt. Why do you think banks want to slice of the action by offering advances on a proportion of home equity to retirees. The 'family home' is the x factor in all this, and it represents the largest chunk of Austrlian wealth. This has become, or is about to become liquid, and the cash re-disbursed to the offspring's fledging mortgage accounts. For Tom the property bear, and financial adviser, maybe this is the factor you're missing.
So as residential property wealth is redistributed to younger generations, they go and buy houses, pay of the credit cards etc. etc.
The government could also knock billions and years off home buyers debt today by allowing a proportion of their super to be paid directly into the principal of their home loan. Any panic stations suggesting a crash could occur very quickly completely discounts government intervention.
This thread has identified the over stretched mortgage holder as the biggest threat to the Australian economy. But it seems obvious to me that there is a lot more money and confidence out there that the headlines and figures suggest.
I wouldn't be surprised if Australia's GDP picks up considerably over the next few years, along with interest rates, house prices, wages, rents, food, and petrol. Just go and live in Scandinavia, and you'll get an idea of where things are headed here. The only difference may be that taxes will continue to go down, and coffers are supplemented by more and more billions of dollars in surpluses generated by company tax. It'll be more about managing the huge increases in wealth, rather than contemplating anything like the fear and doom predicated by the panic mongers. Didn't anybody tell you that Australia is experiencing its largest economic expansion in history?
The difference between 65k and 57k is 12%, not 20%.
Um, difference of 65k - 57k = 8k
Increase of 8k from 57k = 8/57 = 14%
Decrease of 8k from 65k = 8/65 = 12%
Since wages are increasing we use 14%.
Correct me if I'm wrong.
the actions by the gov indicate they also believe the affordability issue is non-existent
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?