hello,
sorry, i didnt know there was a qualification requirement to discuss property and that I have to disclose this
just for any new comers, a summary of all the belief's that where put up over the past 12-18mths:
interest rates to go to zero like Japan, didnt occur
property prices to decrease 40%, didnt occur and infact have BOOMed
unemployment to hit 10%, didnt occur
credit tightening, didnt occur
immigration to be SLASHED, hahahaha didnt occur (that was always Numbercruncher's favorite one)
Doom, Doom ,Doom, didnt occur
five of us called it and made mega $ dollars on it, well done to those brothers, top effort
others still have plenty of opportunity
thankyou
professor robots
hello,
not much tightening there Burns, and the banks SP kicking off
all rosy
thankyou
professor robots
LOL ... Keystart money will lend 103% of valuation on a 4% deposit with no LMI. Now THAT is a disaster.
http://www.keystart.com.au/key/home.htm
hello,
yes in My World nothing much happened as I have listed,
thankyou
professor robots
Here's an interesting article on what's fuelling our bubble, http://www.crikey.com.au/2009/09/21/the-role-of-foreign-buyers-in-the-ever-inflating-housing-bubble/
WOWPreviously, developers were able to offload no more than half of the new dwellings in a development to overseas buyers............Under the new laws, developers could sell 100% of new developments off-the-plan to overseas buyers who tend to pay a premium for Australian real estate..........
Another critical change introduced by the federal government was a relaxation on the acquisition of established properties. Under previous legislation, holders of student visas were only able to buy a property that cost less than $300,000, since late last year that limit was removed. Further, foreign-owned corporations are now permitted to purchase properties for Australian staff while temporary visa holders also face fewer restrictions.
The effect of the law changes should not be underestimated. The Sunday Age this week reported that Melbourne agent JP Dixon (based in luxurious Brighton in Melbourne’s east) noted that more than 40% of sales were made to Chinese interests. An agent told the paper that “[overseas investors] buy them to land bank, not to rent the, out. The houses just sit vacant because they are after capital growth.”
WOW
Way to go Krudd...........you've made policy simply to pushed up prices and reduce rental supplies in one fowl swoop.......well done
cheers
Gee.......Didn't realise that.........luckily you were here to point it out to mehello,
the house BUILDING market
thankyou
professor robots
I don't know of any builder who requires full/large payment up front..........and if they asked for it, I'd be out the doorIf I were building a house in this climate I woud be paying as it completes, big payment up front and they go under and you're history.
It's a worry, that's for sure..........it's like Krudd has opened the flood gates to anyone in the world who has money just to keep prices climbing. He seems only concerned with increasing prices no matter what the cost.Oh hell I just read that properly, no wonder it's all Asians at the Auctions, this is a double whamy bubble.
It's a worry, that's for sure..........it's like Krudd has opened the flood gates to anyone in the world who has money just to keep prices climbing. He seems only concerned with increasing prices no matter what the cost.
cheers
hello,
thats right, all those things listed havent occurred
yes you missed it Burns, too busy going on about negative equity
carry on as those properties are lost for ever, what they can never be resold back to an aussie?
thanyou
professor robots
hello,
great post Gone Fishin, superb
and this from earlier:
"Previously, developers were able to offload no more than half of the new dwellings in a development to overseas buyers............Under the new laws, developers could sell 100% of new developments off-the-plan to overseas buyers who tend to pay a premium"]Australian real estate
well well, why not when they want to get a piece of paradise
just look out the windows
thankyou
professor robots
hello,
great post Gone Fishin, superb
and this from earlier:
"Previously, developers were able to offload no more than half of the new dwellings in a development to overseas buyers............Under the new laws, developers could sell 100% of new developments off-the-plan to overseas buyers who tend to pay a premium for Australian real estate..........
well well, why not when they want to get a piece of paradise
just look out the windows
thankyou
professor robots
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