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LOLOL ...... wrong on both accounts. You don't think I would type all that myself do you???
http://www.progress.org/2004/fold379.htm
http://en.wikipedia.org/wiki/Bumblebee
Google is your friend!
Jeeeeeezzzz!
http://patricksperry.wordpress.com/2008/12/02/
http://www.manifestingamillion.com/bees.html
Building costs are only going to go up more once this carbon tax comes in. And good luck finding any skilled tradies left in the game. Have to wonder about the future impact on costs.
True, how it would hurt them dearly to start charging pre-2000 hourly rates.
When your plumber is earning more per hour than many doctors, it sort of indicates to me that housing is in a bubble, government "assistance" does not work and people have a priority wrong.
The Carbon Tax is really a secondary issue. There is no specific need for it to be raised when discussing housing prices while so many other factors are in play.
Price movements will be chiefly dictated by the following:
1. Labour shortage - workers pulled into mining increasing costs of labour for construction;
2. Strong AUD - increasing cost of materials, specifically cement; and
3. General Govnmt risk - People seem to pass over this one, but the recent political climate is making S&Ps and Moodies second-guess the credit worthiness of the big 4 banks. Any downgrade in rating (which will come from Sovereign risk, and nothing more) will see a spike in the cost of funds for the banks, which in turn will be passed along to consumers.
Not certain exactly how this will affect housing prices - increased costs could see a slump in demand, allowing for a pricing correction. Conversely, growing population could reinforce demand and further increase prices on the back of heightened costs of production.
Either way, GTFO with the carbon tax influencing housing prices.
LOLOL ...... wrong on both accounts. You don't think I would type all that myself do you???
http://www.progress.org/2004/fold379.htm
http://en.wikipedia.org/wiki/Bumblebee
“The BLANK Association (CBIA) continues to express alarm over what it calls an ongoing housing crisis in BLANK. Alan Nevin, the association’s chief economist, projected in a 2006 CBIA Housing Forecast that only 185,000 to 205,000 building permits will be granted this year, far short of the 240,000 new homes needed each year.”
Sound familiar? The article continues:
“BLANK has been experiencing a massive population boom in recent years and it’s believed that 6 million new residents will be living in the region by 2020. The population increase, coupled with the housing shortage, has the CBIA worried that it will be increasingly difficult for first-time homebuyers to find a moderately priced unit.”
"This weekend there has been 690 auctions reported of which a total of 422 sold and 268 were passed in, 176 of those on a vendors bid."
The key word is "reported".
I expect most of the REIV's "expected" auctions that are NOT reported in their figures would be failed auctions that RE agents simply don't want to admit to. I presume there is no penalty for agents failing to report failed auctions?
So, the 61% is a totally contrived furphy under those conditions.....
Party on.
Not certain exactly how this will affect housing prices - increased costs could see a slump in demand, allowing for a pricing correction. Conversely, growing population could reinforce demand and further increase prices on the back of heightened costs of production.
Either way, GTFO with the carbon tax influencing housing prices.
Ultimately the replacement cost of property puts a floor under property prices.
Ultimately the replacement cost of property puts a floor under property prices.
Ultimately the replacement cost of property puts a floor under property prices.
Yeah don't take that as gospel was a bit of a throw away statement.There have been periods in the past when established properties have been selling for less than replacement cost. There must be certain conditions in place for this to happen, but there is no reason this cannot happen again at some point in the future.
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