- Joined
- 12 November 2007
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- 4
how difficult would it be to make the payments if the aussie dollar dropped to 50c US again, on a 30 year loan you have to consider that it will happen
Question - Is it possible to borrow overseas to purchase Australian property at their lower interest rates?
I imagine not but was wondering.
cheers
Question - Is it possible to borrow overseas to purchase Australian property at their lower interest rates?
I imagine not but was wondering.
cheers
That was a long time ago, but I dont know whether you could mitigate that risk somehow these days
Christ mate,
reminds me of that film where the dude they bullied at school has the " to be murdered" list on his bedroom wall:
Can't wait for the ABS figures to be released on November 1st for the House Price Index. http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0
ANNUAL CHANGES (JUNE QUARTER 2009 TO JUNE QUARTER 2010)
Preliminary estimates show that the price index for established houses for the weighted average of the eight capital cities increased 18.4% in the year to June quarter 2010.
Annually, house prices rose in Melbourne (+24.3%), Sydney (+21.4%), Canberra (+19.6%), Darwin (+14.6%), Perth (+13.0%), Adelaide (+11.6%), Hobart (+10.8%) and Brisbane (+8.5%).
Wonder what will happen on November 2nd with the RBA? Up or stagnant? Banks have indicated that irrespective of RBA decision they will be raising rates to cover the cost of the OS funds they are so committed to. This will curb appetite for home ownership and the rental market will become undersupplied. Rates rising will be forcing investors to increase rents to cover borrowing costs etc etc.
Haven't we had this conversation before??
I am still waiting for this "alleged" massive Ponzi scheme to come crashing down around the collective ears of the home owners of Australia. Wait a minute? 70% home ownership since 1971?? This can't be right?? What about all the other world crises we have had in the last 30 years??? Why didn't this whole house of cards falll down then???? Banks have been screwed on the international borrowing front before? Wage to price ratios have not changed that dramatically. Interest rates have been above 17% previously. Not many went weak at the knees then and bailed out??? Dollar is almost at parity. Employment is strong. Economy is in good shape. National debt is manageable whilst the mining boom is on ..... ad infinitum.
Home ownership rates have been fairly stable at around 70% for many decades. As measured in the ABS Census of Population and Housing, in 1971 the home ownership rate was 69% and in 2006 it was 70%, with small fluctuations around 70% in the intervening Censuses.
http://www.abs.gov.au/ausstats/abs@...~2010~Chapter~Levels of home ownership (5.4.3)
WHERE IS THE PROBLEM PEOPLES??? FLAME ON !!!!!!!!! :bigun2:
Do people enjoy the inflation play going on?
Food and Electricity is also going up in price. So are the counsel rates
link is giving an error 404
hello,
goes up every year EM, its a given bro like the sun coming up in the morning
no big deal really, oh well
thankyou
professor robots
Can't wait for the ABS figures to be released on November 1st for the House Price Index. http://www.abs.gov.au/ausstats/abs@.nsf/mf/6416.0
Banks have indicated that irrespective of RBA decision they will be raising rates to cover the cost of the OS funds they are so committed to. This will curb appetite for home ownership and the rental market will become undersupplied. Rates rising will be forcing investors to increase rents to cover borrowing costs etc etc.
Haven't we had this conversation before??
I am still waiting for this "alleged" massive Ponzi scheme to come crashing down around the collective ears of the home owners of Australia.
Reality check in today's fin,
Read all about it !!!
Hello Robots,
I found the auction clearance rates for melbourne for 17/10/10
Sitting at 61.8%.
What does this mean?
And what do you think they will be like this weekend?
keep your chin up and maybe we should have a ale together in chapel..
Dont' like your chances, I have been trying to line em up for a coffee down here at Mount Martha for years, and I'm shouting, so what's wrong.
Record number of auctions this weekend, sounds like a lot trying to get out, hope they dont' start getting jammed at the gates. Next quarters figures will be very interesting IMHO.
Hello,
oh well, what a great day on chapel st, joint pumping, went up to Victoria st on the bus (246) just great and then back home on the tram, sun was out
thankyou
professor robots
hello,
the problem is Explod,
after the guy from the socialist party slammed me into the ground at the same sex marriage rally, laid the boot in and finished me off with a squirt from his water bottle
i have been very hesitant to meet up with people who share similar ideology for fear of my safety, i am still scarred from that incident and i was just talking to him about real estate
oh well
thankyou
professor robots
! I will be in Melbourne early November for a quick overnighter before heading to Brizvegas for a fundraiser. PM me if you want dates for a coffee.
hello,
the problem is Explod,
after the guy from the socialist party slammed me into the ground at the same sex marriage rally, laid the boot in and finished me off with a squirt from his water bottle
i have been very hesitant to meet up with people who share similar ideology for fear of my safety, i am still scarred from that incident and i was just talking to him about real estate
oh well
thankyou
professor robots
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