House prices to keep rising for years

[robots]

hello,

oh yeah, every day every minute nun

do you put on a bit of Young Mc or Boogie down Productions when you having one of those sessions Nun?

thankyou
grandmaster flash

 

[satanoperca]

why hasn't material cost dropped??? oh that's right K rudd is subsidising it.

Please explain?

Robots, how much in the dollar tax are you paying given the taxpayer is subsidising your mortgage on you IP?

On another note, equity mate, called the share market?

Cheers

 

[robots]

hello,

the normal amount required by law

equity mate!

thankyou
grandmaster robots

 

[Soft Dough]

Please explain?

Robots, how much in the dollar tax are you paying given the taxpayer is subsidising your mortgage on you IP?

On another note, equity mate, called the share market?

Cheers

Ok I'll keep it simple so that the property folk have a chance of understanding

it is called supply and demand.

if there is less demand for porduct the price drops. K Rudd in his stupidity is keeping demand artificially high

 

[satanoperca]

Soft Dough,

Don't get angry, just be patient.

In the past 12 months, pent up demand for property has been released with low interest rates, future demand has been bought forward with the FHBG, it is just about waiting now to see how much demand there will be in the coming years.

Whether interest rates stay the same or increase and/or a change in unemployment the property market is as pumped as possible. Returns are getting smaller and smaller for IP's, the only thing they have left to hang onto is the hope of CG, if these do not materialize more properties will start to come onto the market and increase supply while demand decreases. Hence, your issue with materials will also be affected.

But you must also consider that whether we like it or not there will always be an underlying demand due to our increasing population from immigration.

I do believe that over a long period of time property will always increase, it is just a matter of buying smart and holding, but I also believe that at the time being property is as pumped as it can get and eithe we see significant wage growth or stagnation in property over the next five years or a small correction of between 10-20% in the next couple of years. Either way, if you are hell bent on owning the opportunities will become available soon.

Cheers

 

[tech/a]

The debate rolls on.
I come back every few months and nothings changed.
The will never be a better time to buy than EACH time I post,because each time property is at its best rate.

Ive not YET seen posts of BUY NOW PRICES HAVE DROPPED FAR ENOUGH from the dont buy now your crazy mob.

I/we never will.

Those who dont own IP's will always be fearful and those that do know the benifits.
More fortunes have been made with property than any other investment vehical.

Interest rates are a non issue as gearing for mine at least are to 10% and if interest rates rise so will Rents/so will House prices.

Enjoy life everyone its not a dress rehersal we get ONE shot.

 

[satanoperca]

More fortunes have been made with property than any other investment vehical.

Business has been the best investment vehicle.

Top 10 Richest People in Oz & NZ
1. Andrew Forrest - Mining
2. Graeme Hart - Paper Company
3. James Packer - publishing
4. Frank Lowy - retail & property
5. Harry Triguboff - Developer
6. Gina Rinehart - Mining
7. Richard Pratt - paper and recycling
8. John Gandel - retail
9. Kerr Neilson - funds manager
10. Stanley Perron - car dealer

It would seems business made them money and allowed them to increase their wealth with investment in property.

Cheers

 

[Mc Gusto]

Soft Dough,

Don't get angry, just be patient.

In the past 12 months, pent up demand for property has been released with low interest rates, future demand has been bought forward with the FHBG, it is just about waiting now to see how much demand there will be in the coming years.

Whether interest rates stay the same or increase and/or a change in unemployment the property market is as pumped as possible. Returns are getting smaller and smaller for IP's, the only thing they have left to hang onto is the hope of CG, if these do not materialize more properties will start to come onto the market and increase supply while demand decreases. Hence, your issue with materials will also be affected.

But you must also consider that whether we like it or not there will always be an underlying demand due to our increasing population from immigration.

I do believe that over a long period of time property will always increase, it is just a matter of buying smart and holding, but I also believe that at the time being property is as pumped as it can get and eithe we see significant wage growth or stagnation in property over the next five years or a small correction of between 10-20% in the next couple of years. Either way, if you are hell bent on owning the opportunities will become available soon.

Cheers

Great post.

Shows a balanced and thought out view. I am in the wait and see category but good luck to all!

 

[kincella]

what is the point of using the brw top 10 for 2008 in your list...its obsolete..
and note you used retail for Gandel when in fact its property....
here is the old obsolete list....and forrest has lost 2/3rds of his wealth in a year

Posted by LC TeamcloseAuthor: LC Team Name: LC Team
Email: jasons@streetadvisor.com
Site:
About: See Authors Posts (318), Thursday, May 29, 2008
Factbox on the top 10 richest people in Australia, according to the 25th BRW magazine Rich 200 list:

RANK WEALTH INDUSTRY
1. Andrew Forrest $9.410bln Mining

2. Frank Lowy $6.300bln Shopping centres

3. James Packer $6.100bln Media, investment

4. Richard Pratt $5.480bln Manufacturing

5. Gina Rinehart $4.390bln Mining

6. Harry Triguboff $3.250bln Property

7. John Gandel $3.210bln Property

8. Kerry Stokes $2.760bln Media, retail

9. Shi Zhengrong $2.330bln Technology

10.David Hains $2.280bln Investment

http://www.lendingcentral.com/2008/05/29/factbox-on-the-top-10-richest-people-in-australia/

now lets see the big difference in 2009

Posted by LC TeamcloseAuthor: LC Team Name: LC Team
Email: scott.spencer@lendingcentral.com.au
Site: http://www.lendingcentral.com
About: See Authors Posts (1716), Thursday, May 28, 2009

Well, it’s another BRW Top 10 list and here they are for all of us to have a quick sticky at!

The List (ranked with Name, Wealth and Industry):

1. Anthony Pratt & family: $4.30 bln - manufacturing

2. Frank Lowy: $4.20 bln - property

3. Harry Triguboff: $3.66 bln - property

4. Gina Rinehart: $3.47 bln - resources

5. Clive Palmer: $3.42 bln - resources

6. James Packer: $3.00 bln - media, investment

7. John Gandel: $2.70 bln - property

8. Andrew Forrest: $2.38 bln - mining

9. David Hains: $2.01 bln - investment

10. Len Buckeridge: $1.95 bln - construction

(Source: BRW Magazine)

http://www.lendingcentral.com/2009/05/28/the-top-10-on-the-brw-magazines-rich-200-list/

now for the young rich list.....
and yes...its property at no 1
Property tycoon tops young rich list
CHRIS ZAPPONE
September 23, 2009

Adelaide developer Ross Makris has unseated Queensland coal baron Nathan Tinkler as the richest Australian under 40, while the financial crisis lowered the wealth required for inclusion in the list.

Mr Makris, son of Greek immigrant property magnate Con Makris, made $420 million through shopping centres, commercial properties and residential projects, ranking No. 1 in the 2009 BRW Young Rich list, up from fifth spot last year.

Cotton On retailer chain owner Tania Austin from Geelong is Australia’s richest woman, with a $156 million fortune shared with husband and co-owner Nigel.

http://www.watoday.com.au/executive...ycoon-tops-young-rich-list-20090923-g21u.html

 

[robots]

hello,

great to see Kincella back in action, legend

here's some commentary from Trigg, No 3. on the BRW rich list 2009:

http://www.theaustralian.news.com.au/business/story/0,28124,26165249-25658,00.html

great reading, more up tick in rent $ maybe, who knows

thankyou
robots

 

[freebird54]

Dyers current newsletter said we are yet to experience our crash - it is coming

my observation - when the average home is a multiple vastly greater than the 2-3 times income it has been in recent history something has to give - and I don't think its wages

Also many potential grandparents are realising they will not see grandchildren in their lifetime - first time in history for that too.

This will have a huge social impact.

 

[MACCA350]

Also many potential grandparents are realising they will not see grandchildren in their lifetime - first time in history for that too.

This will have a huge social impact.

The Misses was just, this afternoon, reflecting that our three kids are lucky that they were able to have a good relationship with their great-grandfather.

cheers

 

[Soft Dough]

Also many potential grandparents are realising they will not see grandchildren in their lifetime - first time in history for that too.

This will have a huge social impact.

1. Shame on women for looking down on other women who do the hardest job in Australia - raising children, and not just throwing them into daycare for 16 year olds to raise.

2. Shame on the government for promoting the "great australian dream" at the expense of family, and artificially engineering house prices so that it takes dual incomes for ordinary families to make mortgage repayments.

3. Shame on extended hours trading and losing the sanctity of weekends and public holidays to satisfy the retail hungry masses.

Perhaps these potential grandparents are of the baby boomer generation? the generation who did not reproduce so that there are not enough taxpayers to fund their demands. I say let them have no grandchildren, they "earned" it.

 

[robots]

hello,

good night everybody, going to bed now, re-energize for life's travels tomorrow

thankyou
professor robots

 

[Aussiejeff]

hello,

good night everybody, going to bed now, re-energize for life's travels tomorrow

thankyou
professor robots

hello,

yes, endless highs ahead prof-rob, keep buying & love the ride

nighty-night
aussiebots

 

[Beej]

1. Shame on women for looking down on other women who do the hardest job in Australia - raising children, and not just throwing them into daycare for 16 year olds to raise.

What rot! Have you looked after your kids for days/weeks on end? I have - I can tell you it not the "hardest" job in Australia. It's maybe the most monotonous and repetitive/thankless job, and sometimes the "funnest" , but far form the hardest! In fact just about anyone can (and does) do it!

In the old days the vast majority of women had no choice but stay home and look after the kids. Personally (and my wife, sisters, mother etc all agree), I think it is fantastic that women have the choice today to pursue other career interests, earn real income etc and have children. I can't believe that anyone can be so derisive of women who make this choice.

2. Shame on the government for promoting the "great australian dream" at the expense of family, and artificially engineering house prices so that it takes dual incomes for ordinary families to make mortgage repayments.

How has the government engineered this exactly? Are you sure it's just not what people actually want?? (The "great Australian dream that is). You seem to be full of such bitterness around this issue it seems that in reality you have the same desires but are just upset about what it costs? As has been pointed out so many times on this thread, if you really want to live on one income and have your partner stay at home with the kids, (assuming you don't earn enough to do this and live in Mosman) there are loads of cheap houses in all Australia's cities (sub $300k). Or you can choose to rent of course. It's your CHOICE whether you take this path, or instead want to own/live in a better located house etc and thus pay more.

3. Shame on extended hours trading and losing the sanctity of weekends and public holidays to satisfy the retail hungry masses.

Are you a ultra-religious or something? What's this "sanctity" of the weekend business? I don't know about you, but the weekends are when I do my shopping (retail, hardware, groceries, clothes), it's when I go out to restaurants and so on. I remember what things were like when every shop shut at 5pm and was only open on Sat mornings/Thu nights otherwise, it really sucked! Liberalisation of the labour market and the ability of retail businesses to open at hours when most of their customers can actually go to their shops was 100% a good move that has improved the lifestyle of a majority of people!

Perhaps these potential grandparents are of the baby boomer generation? the generation who did not reproduce so that there are not enough taxpayers to fund their demands. I say let them have no grandchildren, they "earned" it.

Actually the boomers had plenty of kids, it's their ultra-selfish Gen-X and Gen-Y offspring, who spent all their money traveling the world when young, partying, living it up etc, and who now complain that they can't afford a 4 bedroom/2 bathroom house 5km's from Sydney CBD, and so use that as one of many excuses to put off having kids! IMO the baby-boomers were a far more financially responsible and conservative generation than either of Gen-X or Gen-Y - the boomers knew how to defer gratification, and understood that to get ahead in life takes time, compromises/sacrifices, patience, saving, long term planning etc etc. These are the traits large numbers of the newer generations lack.

PS: I am Gen-X by the way, but learned the financial habits of the BBs from my parents. By following their guidance I have ended up in a far stronger financial position than 95% of all the fellow Gen-Xers I grew up with/know etc.

Cheers,

Beej

 

[MrBurns]

What rot! Have you looked after your kids for days/weeks on end? I have - I can tell you it not the "hardest" job in Australia. It's maybe the most monotonous and repetitive/thankless job, and sometimes the "funnest" , but far form the hardest! In fact just about anyone can (and does) do it!

In the old days the vast majority of women had no choice but stay home and look after the kids. Personally (and my wife, sisters, mother etc all agree), I think it is fantastic that women have the choice today to pursue other career interests, earn real income etc and have children. I can't believe that anyone can be so derisive of women who make this choice.



How has the government engineered this exactly? Are you sure it's just not what people actually want?? (The "great Australian dream that is). You seem to be full of such bitterness around this issue it seems that in reality you have the same desires but are just upset about what it costs? As has been pointed out so many times on this thread, if you really want to live on one income and have your partner stay at home with the kids, (assuming you don't earn enough to do this and live in Mosman) there are loads of cheap houses in all Australia's cities (sub $300k). Or you can choose to rent of course. It's your CHOICE whether you take this path, or instead want to own/live in a better located house etc and thus pay more.



Are you a ultra-religious or something? What's this "sanctity" of the weekend business? I don't know about you, but the weekends are when I do my shopping (retail, hardware, groceries, clothes), it's when I go out to restaurants and so on. I remember what things were like when every shop shut at 5pm and was only open on Sat mornings/Thu nights otherwise, it really sucked! Liberalisation of the labour market and the ability of retail businesses to open at hours when most of their customers can actually go to their shops was 100% a good move that has improved the lifestyle of a majority of people!



Actually the boomers had plenty of kids, it's their ultra-selfish Gen-X and Gen-Y offspring, who spent all their money traveling the world when young, partying, living it up etc, and who now complain that they can't afford a 4 bedroom/2 bathroom house 5km's from Sydney CBD, and so use that as one of many excuses to put off having kids! IMO the baby-boomers were a far more financially responsible and conservative generation than either of Gen-X or Gen-Y - the boomers knew how to defer gratification, and understood that to get ahead in life takes time, compromises/sacrifices, patience, saving, long term planning etc etc. These are the traits large number of the newer generations lack.

PS: I am Gen-X by the way, but learned the financial habits of the BBs from my parents. By following their guidance I have ended up in a far stronger financial position than 95% of all the fellow Gen-Xers I grew up with/know etc.

Cheers,

Beej

I agree with much if what Soft Dough said, because it's freeking true.

You've obviously never looked after a few kids Beej , it is the hardest job in the world and a lot of women do just hand them over to 16 year olds and go put their feet up at the office.

You Beej and the most persistant troller for the housing industry I've ever encountered, why dont you come clean and declare who's paying you ?

 

[satanoperca]

What rot! Have you looked after your kids for days/weeks on end? I have - I can tell you it not the "hardest" job in Australia.

Don't pass comment on what you do not know, you are the one speaking rubbish.

You obviously do not have children so shut up until you do.

I've been a full time father while running a business, working is fair easier than rearing children.

Have a nice day Mr Gen X.

 

[Beej]

You've obviously never looked after a few kids Beej , it is the hardest job in the world and a lot of women do just hand them over to 16 year olds and go put their feet up at the office.

Don't pass comment on what you do not know, you are the one speaking rubbish.

You obviously do not have children so shut up until you do.

I've been a full time father while running a business, working is fair easier than rearing children.

I do have kids. I look after them all the time. So both of you can shut up thanks and I'll comment on this issue all I want!

You think running a successful business is "easier" than looking after kids all day?? Seriously?? Maybe day care workers should get paid $200k/year then?? What rot.

PS: To be clear, I'm not saying looking after kids is not valuable and important - of course it is. I'm just saying that it is not rocket science.....

PPS: Mr Burns - You are the only troll around here with your one-eyed capital "L" Liberal party/right wing views! And an ex-real estate agent to boot - how can we possibly lend any credibility to anything you say??? If you can search this or any thread here and post a single quote from me where I have "trolled" then please do. You won't find one.

Beej

 

[moXJO]

RBA seems to want to prick the next upcoming housing bubble early. Just hope it doesn't take the economy down with it. Our dollar highs must be starting to hurt trade. I question whether there was a better way to slow housing prices.

Looking after the kids isn't hard, and I have two boys (3 & 7). I was a full time father for a few months when both boys were born. I would give up work in an instant to do it. I agree with beej it is one of the most fun jobs (apart from nappies). It is to easy to get caught up in work and miss out on the early part of their lives.