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House prices to keep rising for years

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i see you have chosen to ignore my other post darl .......no need for personal insults , it only proves your ignorance

have a nice day
 
hahahahaha...thats so funny...bollocks to the personal insult...its your nic...you chose it....
 
hello,

hello and good evening brothers

got the violin out for the usual stories from the likes of the Army, CityMission, Sacred Heart Mission etc

perhaps they should offload some of the assets they hoarding to give to the needy instead of bludging of the average man/woman in the street

check out this:

http://www.morrellandkoren.com.au/topend/

great commentary from a crew out there doing the deals and putting in the yards on the pavement

thankyou
associate professor robots
 
so its not just housing thats showing you the signs and a few clues for the future...."if you are not so blind that you cannot see"...(think that was a proverb years ago)

I stopped spending in June 07...and buttoned down the hatches since then....so here we are two years later.....now the lights shining at the end of the tunnel....well at least one can see the light..

and I note CBA is doing its bit to rein in the kids...max LVR now 90% as per presentation yesterday

oh and the last time I saw a bargain priced house was Oct 08....but I sense some here only became aware of the mess since that time.....all just a bit too late
extract.........................
MANUFACTURERS worldwide preparing for an economic rebound are rebuilding inventories of everything from benzene to plywood, sparking a record-breaking commodities rally that has lit a fire under the Australian dollar.

The Journal of Commerce index that tracks prices of 18 industrial materials gained 9.5 per cent last month -- the most in one month since the measure began in 1985.

Aurubis, the top manufacturer of copper wire rods for cars, said last week that demand improved since April. Huntsman, the biggest maker of epoxy adhesives, said early in May that second-quarter results would benefit from improved sales to customers who had depleted stockpiles. And Dow Chemical, the largest US chemical maker, said its plants operated at 70 per cent of capacity in April, up from 45 per cent in December.

"The distribution chain will generate this giant sucking sound of demand," Alcoa chief executive Klaus Kleinfeld said on Friday. The largest US aluminium producer said metal distributors had "seen some green shoots" in orders and were concerned they would not be able to satisfy clients as the economy recovers because inventories were near zero.

While the US contracted 6.3 per cent in the fourth quarter and probably will shrink 2.8 per cent this year, commodity prices show that investors and corporate purchasing agents anticipate that a rebound will begin later this year.

http://www.theaustralian.news.com.au/business/story/0,28124,25571304-643,00.html
 
hello,

good evening fellow members and distinguished guests,

what another great day, everything going okay by the looks of it

just for people who might of missed the link yesterday:

http://www.morrellandkoren.com.au/topend/

great reading

gee, not looking good for ZERO interest rates as per which economist?

thankyou
associate professor robots
 
bad news for the doomsdayers.....
is anyone surprised by these figures ???
Robots and I have been confirming the shopping in Chapel St has been going hot....
hehehehehe and the economists got it wrong again...no surprises there.....
oh and the housing stats have been going up ....yes again
hehehehe

AUSTRALIA has avoided a technical recession as the economy grew 0.4 per cent in the March quarter.

"Here we are with an acutal expansion in the economy, a great result for the economy," said CommSec economist Savanth Sebastian, who says Australia may be through the worst.

"You'd expect going forward, it's a lot brighter scenario," he said.

Economist predictions swung from -0.4 per cent to growth of 1 per cent ahead of today's data.

GDP is a measure of all the goods and services bought and sold, and is the key data economists use to take a health check on the Australian economy.

Many economists swapped their forecasts

http://www.news.com.au/business/story/0,27753,25580772-462,00.html
 
kincella said:
bad news for the doomsdayers.....
Click to expand...

Deary, deary me, you poor short sighted individual... missing the big picture and oblivious to reality again.

Don't you realize that with middle/high end house prices still going down in an expanding economy it means the air is gradually being let out the bubble?

You don't even have the contracting economy as an excuse for price declines any more....

I suppose Today Tonight will have a house prices to boom story within the next few days that you will no doubt bore us with - I can hardly wait!
 
singlefished said:
Don't you realize that with middle/high end house prices still going down in an expanding economy it means the air is gradually being let out the bubble?
Click to expand...

I think you will find things have stablised and are starting to rise in some area's now as well (certainly in Sydney) in the mid/high-end. My neighbors house went on the market last month, sold in 9 days after multiple offers, and for $100k more than they, or their agent, (or myself!) expected based on what I got my place for Nov last year. This was mid $1Ms price territory and in a suburb with a ~$1.3M-$1.4M median house price.

There's also been some cracker auctions over the past few weekends in some of the Sydney beach-side eastern suburbs, and a few of the $3M+ Mosman mansions etc are starting to shift as well.

It's all there to see every week if you read through the auction results and follow the market in area's of interest closely!

Cheers,

Beej
 
oh dear...so its back to a personal attack again......ie; poor short sighted individual.....
hohoho...contrary to what ever you like to believe.....I am long sighted...
my property acquisitions are held for a 20 year term or longer.....or unless someone offers me triple the cost within 2-3 years....as has happened in the past...
but then I took that profit and bought more props.....
I have regularly stated on here, I have 30-40 years of self funded retirement to look forward to....most of it will be in property....
this window of opportunity....low interest rates.....may not be seen again for another 50 years.....
oh and you dont need to be bored with my posts....simply ignore them....
:sheep:
 
hello,

yes spot on Beej and Kincella,

this is all hilarious, amazing

we have truck drivers, delicatesen owners, rag trade merchants, the card-board man, property developers but dont see any economists on the BRW Rich List,

what another great day here in Australia the grandest place in the world

thankyou
associate professor robots
 
Robots, exactly...points noted about the economists.....not on the rich list...we all know why....well because they are duds.....they get it wrong most of the time....
but back home here in reality land....just slow and steady, little by little...bit by bit...plant a little seed and a mighty big tree will take its place....
or a lovely home...
sorry...but sometimes its such a simple attitude, coupled with a proven history....nothing flamboyant, no star spanagled banner, no drum roll, or mind boggling media story, nor guru status required.....or fancy derivatives to spoil the party...
just an old fashioned proven method is all that is required
old money attitudes win everytime......
cheers
 



Quite amazing that anyone with an opposing viewpoint pointing out the flaws in your moribund analysis is construed to be personally attacking you. If you cannot accept criticism of the statements you post then a public forum is obviously not the place for you to be spending time.

Anyway, comprehension is obviously also an issue so to clarify, your longsighted outlook on property bears no consideration to the immediate problems currently wreaking havoc on both our local and global economies.

You are obviously not concerned with this but that doesn't mean the GFC is an irrelevent issue which will not affect the property market in the short term.

Once the artificial stimuli have run their course, once unemployment peaks and starts declining, once credit tightening measures start to abate, once the global and Australian economies start growing at a sustainable rate, yes - you can then start spruiking the next property boom.

Property as an investment in the short term will likely further fall before flatlining for several years regardless how much activity is going on in the market place. Activity in the market is not a harbinger of price growth.

Look at todays GDP figures as reported by Alan Kohler this evening, dwelling investment down 5.7% for the quarter - ouch! Wasn't the market supposed to be bustling with activity????

You are welcome to discuss and debate the above assertions.... please don't give us the regular today tonight/mel-kochie/kerri-anne analysis with the "bollocks to everybody attitude" to those of differening opinions.
 
I think the RBA is too focused on housing, instead of the business community...
I believe business rates are 10% plus....and grossly unfair for small business...which are this countries biggest employers.....
they should be cutting the rates now...not waiting for disastrous figures to arrive in Sep when it will be too late to save the jobs.....
here are extracts from todays article..........

Still scope for interest rate cuts: RBAMr Stevens said it was likely economic activity remained subdued in the June quarter, with the rapid decline in business investment "almost certainly continuing".

But figures which have shown a pick-up in borrowing for housing over the past six months was "what would be expected if an upturn in residential investment spending is to begin later in the year".

"It would be counterproductive, though, if further reductions in interest rates induced a large number of marginal borrowers into debts they could service only at unusually low interest rates

http://www.news.com.au/business/story/0,27753,25585914-462,00.html
 

huh? what the?

business rate got nothing to do with the RBA
it's set by the commercial banks...

Business lending are high risk lending so it's high to compensate for the risk the banker willing to take.

No one going to lend you for a business loan at 5% simple as that

RBA can set what ever rate they want, banks has the job to whether to
pass on the rate cut or not all got to do with risk, profit and margin

banks dont need to pass didli squat rate cut to you if they feel they dont maintain
a decent profit margin.

when you borrow you are at the mercy of the banks
 
Roe....hello...I guess ....ever heard of the ....no forget it...its easy... you dont know much about business finance ...
 
kincella said:
Roe....hello...I guess ....ever heard of the ....no forget it...its easy... you dont know much about business finance ...
Click to expand...

No enlighten me what is business finance and see if you can get cheap rate for Business

Maybe Wesfarmers can get their interest at 5% rather than 11% they paid 2 years ago
you obviously now something about cheap business lending that the CEO of Wesfarmers and those guys who sell them bonds doesn't and maybe advise Tabcorp why they paying a margin of 4.25% on top of 3 months bank bill rate

Most small business I consider them in the class of Junk bonds
see if you can get cheap rate on junk bonds
 
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