House prices to stagnate for 'years'

[robots]

hello,

gee NC 24% rise in Melburn, is that a furphy or what

thankyou

robots

 

[explod]

hello,

perhaps explod they should delete the ones that ridicule myself as well,

its such an emotional issue because its a story of the have's and have-not's,

for twelve mths me and others have been passing on valuable experience, yet we are continually seen as the "enemy", amazing

thankyou

robots

No room for emotion and we need to teach the younger ones that also. We need to preach all options so that that they become financially literate. I am not here to argue, just to put my point across which I have substanciated. My post, though it may have had a go at you was backed by a reason for that, yours still does not achieve this.

I am a case in point. Sold my home 12 months ago as I felt there was little growth. I was a bit out infact prop has gone up 15% since but has flattened out now. Did it due to the loss on another previous property deal and at my age needed to work out a way to lift my equity as I am on the retirement lline. The money from the home I have invested/traded in the stock market and in other assests and have averaged 90%. 5% of that pays my rent. I have no doubt when the equation changes I will buy back into a home. The planning ruler needs to be put over all options in my view.

I am unqualified

 

[Judd]

hello,

gee NC 24% rise in Melburn, is that a furphy or what

thankyou

robots

Why do you deliberately omit the qualifier in regard to this increase?

From The Age 25/1/2008

...the price surge had been skewed by the strong performance of expensive suburbs such as Malvern, Toorak, Armadale and Brighton, which had annualised growth of almost 50%.

But current rates of growth in property prices were unsustainable, McNamara said, with increased economic uncertainty and official interest rates tipped to rise again next month.

 

[explod]

Why do you deliberately omit the qualifier in regard to this increase?

From The Age 25/1/2008

Dont' worry too much, I have been testing him on just that point. He does not understand what the concept of qualification means. I'd guess, just representing the Real Estate Insititute, nuff said.

A point I see overlooked here is that most of the figures released cover 2007. From the agents I speak to, the figures for 2008, unless there is some sudden chage of direction could look pretty bad this time next year.

Past figures do not tell the present story. Higher cost of living and interest rate rises will hit the bottom line this time around.

 

[numbercruncher]

Why do you deliberately omit the qualifier in regard to this increase?

From The Age 25/1/2008

His entire Brethren do it, Media, Bankers, Agents the scam is atleast as big here as it was/is in the US.

Its all designed by this Realestate lobby group to panic the public into buying before they can no "longer" afford it and to woo investors to easy money, Its the Gold Coast property scam of the 90s on a National scale, its quite hilarious that they are getting away with it so easily.

 

[robots]

hello,

perhaps you should do a bit more research explod and juddy,

a few suburbs and their rises for 07:

Bayswater 33.2%
Bacchus Marsh 36.7%
Berwick 6.6%
Blackburn 63.7%
Braybrook 57.4%
Burwood 55.2%
Seaford 25.3%
Somerville 16.7%
Sandringham 9.8%

thats just a few from the b's and s's,

most suburbs middle and outer ring,

goodluck, seems as though most members of the brethren would be very very happy

and those that arent in denial

thankyou

robots

 

[Tysonboss1]

No room for emotion and we need to teach the younger ones that also. We need to preach all options so that that they become financially literate. I am not here to argue, just to put my point across which I have substanciated.

At the end of the day your thoughts and feelings are just your opinion and are no less valid than Robots or any one else.

I think that telling young people not to get into property (atleast in the brisbane market) will end up putting them behind the 8ball in the future...

any way only time will tell, I would like to put a friendly bet out to anybody that disaggrees with me that the brisbane market will move by atleast 15% by this time next year.

 

[Tysonboss1]

Hello,


Found a job for you budding brickies once you qualified ....




http://jobsearch.gov.au/SearchResults/Job.aspx?st=10&WHCode=0&rgn=4107qlog%2c4107qglc&print=0&NumMJL=0&CommJobs=0&CurPage=2&TotalRec=190&JobPos=30&JobID=169547990&SortDir=0&SortField=0&


I wonder how they even fill Qualified Brickies positions, I mean apparently if you just go grab an abn youll be on 1m p/a as opposed to the paltry 33p/h ?

I have seen contractors qoute brick laying jobs at up to $1.10 a brick in peak times,... if they have brickies working for them for $33.00/hour thats a decent profit margin.

 

[theasxgorilla]

I have seen contractors qoute brick laying jobs at up to $1.10 a brick in peak times,... if they have brickies working for them for $33.00/hour thats a decent profit margin.

And last time I checked, $33/hr is most decent. Throw in a partner with his/her own earning capacity and you've got a 100k+ a year household. Or is this possibility lost on all the 'affordability' crisis moaners?

ASX.G

 

[numbercruncher]

So thats your guys genius solution ? If people whom want to own a property cant afford it, go get a partner and Quit your Job, be it a Nurse , Police officer or whatever and go earn more ?

You dont even consider for a moment this could be bad for society as a whole ? I for one do, and others agree.

HOUSING on the Sunshine Coast and the Gold Coast is less affordable than it is in New York, a new international affordability survey has revealed.

There were no Australian cities among the 59 housing markets in the "affordable" category.

In a foreword to the report, former New Zealand Reserve Bank Governor Donald Brash said Australia's problems could be blamed on state governments, which had failed to release enough land for housing.

"Australia is perhaps the least densely populated major country in the world but state governments there have contrived to drive land prices in major urban areas to very high levels, with the result that housing in major state capitals has become severely unaffordable," Dr Brash said.

With Australian homebuyers facing the prospect of another hike in mortgage interest rates next month, the Urban Development Institute of Australia described national housing affordability as "very distressing".

The institute's Queensland chief executive Brian Stewart warned it could put home ownership out of the reach of future generations.

"The dream of home ownership has been one of the strongest values that Australians have held since our foundation," he said.

"The last thing that we want to see is a disenfranchised generation, because not only are there economic problems with that but there are massive social problems."

http://www.news.com.au/couriermail/story/0,23739,23082917-3102,00.html?from=mostpop


It seems to me that because of Australians preoccupation with Home ownership that certain Careers are being sidestepped resulting in massive Labor shortages in so many Industries because of this pursuit of bigger bucks, in my humble opinion its becoming unhealthy for our society.

 

[robots]

hello,

i for one dont want the socialist model,

anybody else want to give bludgers a free ride?

thankyou

robots

 

[numbercruncher]

hello,

i for one dont want the socialist model,

anybody else want to give bludgers a free ride?

thankyou

robots

Hello

Going to the extremes again.

I for one dont want to see the continued decline in Police, Sailors, Nurses, Teachers etc numbers infact most the under paid public sector to continue because of an out of whack economy.

easy to solve though 40pc rise to the whole public sector and just cop the Inflation and Interest rate rises on the chin.

Thankyou.

 

[numbercruncher]

Out of curiosity Robots,


How do you feel about those WW2 vets getting $200 a week, the ones that didnt have access to compulsary Super ? I mean are they bludgers in your eyes ?

59pc of Qld retirees draw the Gov pension I read, If they dont/Didnt own a house they are up poop creek I would imagine.

 

[robots]

59pc of Qld retirees draw the Gov pension I read, If they dont/Didnt own a house they are up poop creek I would imagine.

hello,

great example of why people should be buying a house, to ensure your future circumstances

round them all up NC

thankyou

robots

 

[numbercruncher]

Nope, I would see at is an example of why people should contribute extra to their super, pay only 15pc tax and draw it tax free in retirement, Great Labor party Invention that compulsary super eh ? Surely has helped the Property boom along too. Then perhaps buy a property, if you must, in your SMSF , rent for 1/3rd the cost of ownership and bobs yer uncle How could the youngins possibly compete with that deal ? I understand your Liberals mates have even made it possible for SMSFs to borrow for such a deal

 

[robots]

hello,

didnt think they had any spare cash,

they are all struggling with day to day life

thankyou

robots

 

[robots]

hello,

check with the stat from the ABS (your higher authority)

the average renter has wealth of 50k to average wealth of a home owner at 300k

thankyou

robots

 

[numbercruncher]

Another tricky statistic, the "average" Home owner is alot older than the "average" renter, so that would only be natural wouldnt it ?

23 year old just out of uni, junior wages, 30k in hecs is in the renter box.

55 year old debt free 100k p/a is in the home owner box.

Youll need something better Robots

 

[So_Cynical]

I would like to think this is not a personal attack...but i find robots to be
very very annoying, simplistic and 1 dimensional.

Is it just me? :dunno:

BTW i don't own a house...i used to own 2 (in the country)...then i got divorced and that was the end of that.

 

[numbercruncher]

I would like to think this is not a personal attack...but i find robots to be
very very annoying, simplistic and 1 dimensional.

I find him kinda cute, in a mechanical kind of way.

He is a valuable warning for ASF and users would be realestate buyers of what to possibly expect when going to visit your local " friendly " realestate guy.

I still dont understand why people cant see that Average Houses at 8x average incomes is really really bad for so many reasons.