Really? Which part of the constitution exactly would you propose to be amended by your referendum???
And how many $$billions$$ in REVENUE was reaped by the NSW government (and other states ) in property stamp duty charges?? The FHO grant is simply re-distributing a small portion of that massive stamp duty rip off from established home owners trading up and investors to people just starting out in life and buying their first home. Seems like a perfectly fair and reasonable thing to do to me???
FHOGs do not cost you as a tax-payer anything in reality, because if you think they prop up house prices, and were removed, "thus" resulting in big property price correction, then stamp duty revenues would plummet over-all and you would end up paying more taxes in other ways anyway as the state governments found other ways to tax you and maintain their revenue.
Agrees with Beej except the fair bit.
Cheers
FHOGs do not cost you as a tax-payer anything in reality, because if you think they prop up house prices, and were removed, "thus" resulting in big property price correction, then stamp duty revenues would plummet over-all and you would end up paying more taxes in other ways anyway as the state governments found other ways to tax you and maintain their revenue.
And how many $$billions$$ in REVENUE was reaped by the NSW government (and other states ) in property stamp duty charges??
And how many $$billions$$ in REVENUE was reaped by the NSW government (and other states ) in property stamp duty charges?? ???
hello,
good afternoon, great day as usual
thought would be good to get the thread back on track, i chose Ballarat just recently and Trainspotter has his eye on Geraldton
so what other towns/suburbs are people watching?
big up for Ballarat again with John Brumby announcing a further 500 jobs into the town, just fantastic, going to be great for Victoria
on the flip side i read yesterday Asciano cut its dividend, oh well, try and oust the board, new management or just continue to get ripped, what you reckon Kincella?
thankyou
professor robots
Hi Robots, I dont follow the stock market these days....
but there are some good articles out today.....Rick Battellino and busting all the property myths, including the banking myths....as propogated by the doomsdayers....
Rick Battellino busted all the myths on aussie homes...
read it at your peril, for the otherside....the property people know what they are doing....no need for them to read it...since they are cashed up, and unlikely to be concerned....
of course the media did not take it up.....it would not sell the mania, they need
http://www.theage.com.au/business/rba-myth-busters-explode-debt-headlines-20100618-yk37.html
then the other article about our house prices with asia growing at 20%, but europe and the rest are down.....
http://www.theage.com.au/business/property/property-investors-on-top-of-the-world-20100617-yjus.html
and finally the media grabbing the article about how credit card risk is higher than housing mortgages.....but the poll that follows totally disputes that rubbish......with over 4500 pollsters
as far as location....Wodonga near the nsw border missed out on brumbys new deals....but the black coal mine at Oaklands should be good for the area anyway...
I believe the current govnuts will be thrown out at the election, together with the sticken new mining tax.....it may well be too late for confidence in the mining industry.......however the location on the nsw/vic border will always hold its own, for tourists and travellers......
I am happy with my investments there.....in hindsight i should have stuck with inner city only, for the stunning capital growth......but I will be the first to return, if the prices were to plunge 40%.....that is unlikely to happen, so better to have IPs anywhere....rather than not be in that market....
oh and no problems with.. travel or transport here.....its a laid back area, fresh country air....
I will need a constant city hit, for the retail therapy....
cheers
Bendigo. 7,000 smaller than Ballarat, however it has a higher proportion of renters than the state average (30% compared to 23%) and is only 50km away from Heathcote, an area that produces the most consistently high quality of Shiraz out of almost any other wine region in Australia IMOthought would be good to get the thread back on track, i chose Ballarat just recently and Trainspotter has his eye on Geraldton
so what other towns/suburbs are people watching?
but there are some good articles out today.....Rick Battellino and busting all the property myths, including the banking myths....as propogated by the doomsdayers....
Rick Battellino busted all the myths on aussie homes...
read it at your peril, for the otherside....the property people know what they are doing....no need for them to read it...since they are cashed up, and unlikely to be concerned....
of course the media did not take it up.....it would not sell the mania, they need
http://www.theage.com.au/business/rba-myth-busters-explode-debt-headlines-20100618-yk37.html
From http://www.news.com.au/business/for...-local-banks-rba/story-e6frfm1i-1225880209530The current euro-zone debt crisis has caused costs to blow out on funding markets, and this is expected to have an effect on some of the Australian banks.
NAB and the Commonwealth Bank are fully funded for the next few months.
However, the ANZ Bank and Westpac still need to raise between $8bn and $13bn by the end of September.
The cost of raising five-year term debt has increased by at least 60 basis points in the past two months.
MORTGAGE stress levels in Australia are tipped to reach more than 1 million homes by December, amid dire predictions that more than 53,000 jobs will disappear from small- to medium-sized businesses.
...
His message came with a warning that Australian banks could be entering a loan loss cycle not seen since the 1990s -- more casualties from the global credit crunch, further interest rate rises from the banks beyond any central bank movement and some fee increases, in areas such as loan applications.
...
while the Australian banks claim to be comfortable with their asset quality, Mr Johnson said only a small movement in the loan loss charge was required to have a big impact on earnings.
"There's a reason why they call Australia the lucky country, that's because we have the most optimistic people in the world," he said.
Mr Johnson said loan losses had been low for so long and local banks were geared "very highly compared to global peers" at 25-30 times versus 15-20 times.
"We haven't seen a loan loss cycle since the early 90s ... and I think that created a perception that there's absolutely no problem on the asset quality front, which I think is a little bit naive," he said.
"Personally, I still think the valuations look stretched and the earnings risk is rising."
Fujitsu's Martin North said: "There are some disruptive factors here that people have yet to fully comprehend."
whatever, housing in OZ is sound, no great drops, and probably an increase in the next few years, as the conservative investor departs the gambling den of the stockmarket, and heads to the safety of bricks and mortar...
nothing the state govnuts are promising pre election will ever become a reality....no fast trains, no more housing or jobs.....absolutley nothing will be done to fix the current problems......until we have changes at both a state and federal level
enjoy your day, as it is now, its about as real as it can get......
Negative growth of median house prices over the next 3-5 years?
Nah could never happen
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