House prices to stagnate for 'years'

[Happy]

Tinunderthebridge

Would do for sex change, but you still need counselling to make sure you are really ready for it.

 

[Fleeta]

I'm not a woman. I don't pretend to be one nor should anyone assume I am one.

I always knew you weren't a woman. You're posts were way too concise and logical!!

 

[monoply]

Watched the segment on A Current Affair. Some properties reduced, but they were expensive to start with. Getting more like fair value now maybe.

Ever seen a realestate not say its a buyers market? lol

 

[ob1kenobi]

To Tinaunderthebridge, keep the user name. It has served you well so far, why change. It's meaningful to you, that's important.

 

[krisbarry]

I agree...way over-priced to start with. A year from now they will be even cheaper again, no need to rush!

Of course real estate agents and anyone off-loading property right now would be saying, why wait?

Why buy, I say, waiting is the key now.

 

[It's Snake Pliskin]

To Tinaunderthebridge, keep the user name. It has served you well so far, why change. It's meaningful to you, that's important.

Obi1,

Thanks for the support. I think I'll keep it and battle on. The force is with me

 

[It's Snake Pliskin]

Tinunderthebridge

Would do for sex change, but you still need counselling to make sure you are really ready for it.

Ha, ha, ha, ha I'm really happy!

 

[krisbarry]

A rate rise in coming months is now looking far more promising. Inflationary pressures are showing marked signs of an increase.

I predict rates to stay on hold, for tomorrows annoucement, but expect a rise early next year.

 

[The Once-ler]

I agree fully.

The milk price rise is just the start. And the poor old dairy farmer isn't even getting a cut apparently. What a disgrace.

The oil price will flow through to everything, especially food. Fertilizer has gone up heaps will natural gas. Transport costs to the farm, then from the farm, chemicals are made from fossil fuel, it just goes on and on. Ethanol and bio diesel will just help a bit, but it is impossible for these to solve the problem. If land is used to grow fuel, what do we eat? Wages about to blowout, Inflation is about to go up.

Houses will be better buying in a few years I feel.

 

[krisbarry]

Consumer price index (CPI) figures will be out later this month so if we see upward movement, then up go the rates.

The RBA may want to drop an extra present under the xmas tree...a rate rise, in Dec.

Then the credit card bills come in Jan/Feb... and ouch a few more home owners hit the skids...

Then down go house prices even more.

 

[Joe Blow]

Then the credit card bills come in Jan/Feb... and ouch a few more home owners hit the skids...

These are average Aussies you are describing here, Kris.

I cannot believe that you are wishing misfortune on average hardworking Aussie families. Very mean spirited.

 

[Milk Man]

I agree fully.

The milk price rise is just the start. And the poor old dairy farmer isn't even getting a cut apparently. What a disgrace.

The oil price will flow through to everything, especially food. Fertilizer has gone up heaps will natural gas. Transport costs to the farm, then from the farm, chemicals are made from fossil fuel, it just goes on and on. Ethanol and bio diesel will just help a bit, but it is impossible for these to solve the problem. If land is used to grow fuel, what do we eat? Wages about to blowout, Inflation is about to go up.

Houses will be better buying in a few years I feel.

I'm a dairy farmer and we haven't, nor will we, see a price rise at the farm gate due to oil prices. The factory raises prices due to lack of supply only. It has been rumoured that we will be getting a 5% price rise in the near future (Pauls suppliers). I won't hold my breath! The price rise from the factory will be tacked straight onto the shelf price and probably then some as supermarkets have proven in the past to be opputunistic scumbags.

Dairy farmers have no power what-so-ever to dictate terms. We have token representative groups to liase with milk factories and the ACCC. The nature of dairy farming is dictated by the perishability of milk and the need to milk the cows every morning and night. We cant hold off selling because milk can only be stored for 2 days because 1- the factory wont take it any older and 2- no-one has more storage space. We cant afford not to milk either so theres no time to form a militant union the likes of the MUA.

The blame for the ridiculous milk prices sit squarely on the Govt. for de-regulating the industry and not clamping down on obvious oppurtunistic behaviour by the greedy supermarkets.

Oh and by the way we get not much over 40 cents per litre! How much do the supermarkets charge? And people whinge and moan about petrol!

 

[krisbarry]

Not wishing it at all, this scenario is already playing out right around Australia. Media reports are in abundance that Aussie are in way over their heads with housing finance and its just about to get harder. With the price of petrol, driving many to the wall, and basic food items like milk.

The chaos is only just beginning.

 

[Joe Blow]

Not wishing it at all, this scenario is already playing out right around Australia. Media reports are in abundance that Aussie are in way over their heads with housing finance and its just about to get harder. With the price of petrol, driving many to the wall, and basic food items like milk.

The chaos is only just beginning.

In that case, maybe it was just the way I read your post.

But while I was reading it, I couldn't help but picture you sitting there rubbing your hands in glee at the prospect of lower home prices because average Australians may be forced into selling theirs due to interest rate rises.

 

[krisbarry]

Equally it is fair to say that it is unfair for hard working Australian to put up with these ludicrous over priced houses.

...And equally it is also fair to say that many hard working Australians on low wages, some 3-4 million of them wouldn't have a chance in hell of ever being able to afford a house with current wages levels and current house prices.

WE ARE CALLED THE AUSSIE BATTLERS!

There is always many sides to this debate...and many that would be happy for the current housing market to change.

 

[tech/a]

:swear:

It was exactly the same for Joe Average in the 80s.

There will be times like these in the future.
There will always be those who do and those who whinge.

I'll say it again.

FIND A WAY.

And if it means subsituting a dairy farmers income or getting out of dairy farming all together (I'm using your case loakglen as an example not as a victimsation) then do whats necessary.

 

[rozella]

How about tinnyunderthebridge

rozella

 

[Milk Man]

:swear:

It was exactly the same for Joe Average in the 80s.

There will be times like these in the future.
There will always be those who do and those who whinge.

I'll say it again.

FIND A WAY.

And if it means subsituting a dairy farmers income or getting out of dairy farming all together (I'm using your case loakglen as an example not as a victimsation) then do whats necessary.

I'll just get someone down Mt. Gambier way to go pee-pee in the milk then! I'm just joking foodsafe if youre listening. I may've wrecked your cup of tea for a couple of days though (hardy-ha). I reckon we're a victim of corporate crime though not circumstance; as in most other cases you might draw parallels with.

 

[sam76]

I'll just get someone down Mt. Gambier way to go pee-pee in the milk then! I'm just joking foodsafe if youre listening. I may've wrecked your cup of tea for a couple of days though (hardy-ha). I reckon we're a victim of corporate crime though not circumstance; as in most other cases you might draw parallels with.

My folks live in Nelson.

Not sure about them going pee-pee though! :

 

[Kauri]

My math has never been too good but the 8c increase in milk price blamed on fuel prices has me a touch baffled.
Milk selling at $1.00 litre.
Cockies getting 40c
Processors getting 10c margin?
Retailers getting 10c margin?
40% increase in fuel costs = 8c increase means fuel cost must have been approx 20c? ( 20cx40%=8c)
So of the $1.00/litre currently charged for milk the cost of running the processing plant/wages/ etc is only 20c????

I have also heard/read that supermarkets supplies of own brand/home brand milk is supplied under long term fixed price contracts, so it will be interesting to see if those prices move!!!