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Don't know about a laugh, but controversy perhaps.For some laughs and controversy, I wonder if the AFL team and the Nude Swim could be run as a combined event?
The future of Australian property prices
- Thread starter Joe Blow
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Hum
AFL and nude usually ends up with lawsuit then million $ settlement, ask any wannabee 20ish y old lady..
And with inflation multimillion settlement...no wonder your AFL ticket price will go higher?
AFL and nude usually ends up with lawsuit then million $ settlement, ask any wannabee 20ish y old lady..
And with inflation multimillion settlement...no wonder your AFL ticket price will go higher?
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Well it sounds as though Singapore know how to reign in the property market, it's a shame our politicians are so invested in the bubble, they don't want to hit it at all. ? ? ?
Sounds like Singapore are making a rational decision to me, if we don't have enough properties, why sell what we have to overseas investors, unless we get a massive premium in the way of a tax?
https://www.bloomberg.com/news/articles/2023-04-27/singapore-takes-aim-at-rich-chinese-with-60-property-tax?leadSource=uverify wall
Singapore’s move to double property taxes for foreigners signals that policy makers are growing more cognizant of surging money inflows from wealthy Chinese, even though the higher rates are unlikely to cool home prices.
In new measures announced Thursday, foreigners will pay 60% tax on any residential purchase, while the rate for using an entity or a trust was raised to 65%, preventing any circumvention of the rules.
And in Australia:
www.afr.com
Buyers from China dominate foreign investment in Australian residential real estate, with $1.6 billion in proposed purchases approved in the six months to the end of December last year, official figures show.
That demand is tipped to grow more strongly after China’s decision to reopen its borders took effect in early January.
Sounds like Singapore are making a rational decision to me, if we don't have enough properties, why sell what we have to overseas investors, unless we get a massive premium in the way of a tax?
https://www.bloomberg.com/news/articles/2023-04-27/singapore-takes-aim-at-rich-chinese-with-60-property-tax?leadSource=uverify wall
Singapore’s move to double property taxes for foreigners signals that policy makers are growing more cognizant of surging money inflows from wealthy Chinese, even though the higher rates are unlikely to cool home prices.
In new measures announced Thursday, foreigners will pay 60% tax on any residential purchase, while the rate for using an entity or a trust was raised to 65%, preventing any circumvention of the rules.
And in Australia:
China tops the list of foreign house buyers in Australia
Chinese demand for housing is tipped to grow even more strongly after its borders reopened and foreign-enrolled students were instructed to return to campuses.
Buyers from China dominate foreign investment in Australian residential real estate, with $1.6 billion in proposed purchases approved in the six months to the end of December last year, official figures show.
That demand is tipped to grow more strongly after China’s decision to reopen its borders took effect in early January.
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ya lost me at relative wealth. I'll be back in a moment, got to help my neighbour with his new fridge and kitchen and then check my sisters house because she has gone on holidays with the family, feed my parents animals because they've gone to the shack for a week,then i'm helping a mate look for a new car,off to a restaurant on Friday for a birthday, might pick up a new phone in the city on Satrday. I should call a current affair its just not fair, no one I know has any money, my grandparents wages were so much higher
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Shouldn't you be at work to pay for all this? ?
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I am what I am, collecting the rent & dividends from 25 years of investing. funnily enough just like a few of my old school mates and our family members but it hardly pays the bills, what with our 3 year old bomb of a car needing replacement and my mate needs us to go to Spain in july and that dam restaurant is always needing to be paid each week. I suppose its relative wealth, less income these days
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What did you buy, a BYD ?
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? my mate picked up a brand new made in china ute i can't remember the name the plastic trim warped in the sun. naa I'll stick with a toyota or lexus ?
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I don't know why the exudus of people from NSW is a worry, that is where most of the new immigrants are going.
Oh sorry forgot. It is all about narrative for the Muppets.lol
23,000 leaving this year, 200,000 arriving. Lol
www.smh.com.au
Oh sorry forgot. It is all about narrative for the Muppets.lol
23,000 leaving this year, 200,000 arriving. Lol
More people are leaving NSW than any other state
The new figures confirm Premier Chris Minns’ argument that NSW is struggling to retain workers.
Hard to find in the budget papers , but the immigration numbers are truly staggering : big dollop for next year ( 400,000 ? can't be sure now , as I was , ahem , having a few wines ) to make up for the lean Covid lockdown years , to then average just over 1/4 million a year for ever and ever , by the look of it .
The Rudster will surely be pleased . Big Australia indeed.
The Rudster will surely be pleased . Big Australia indeed.
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To add some fun. Or is it?
www.unilad.com
We used to see that in China...
Are these rabbit boxes really the Australian dreams for the masses..? getting some personal angst downsizing to 15 acres...For me this is a definition of hell..even for the resisting hero...
Family rejected $50 million from developers who built suburb around entire property
An Aussie family refused a $50 million offer from developers who constructed a suburb around their entire property.
www.unilad.com
Are these rabbit boxes really the Australian dreams for the masses..? getting some personal angst downsizing to 15 acres...For me this is a definition of hell..even for the resisting hero...
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The perils of buying a land lease property.
www.abc.net.au
Noeleen says site fees are 'blowing pensions out of the water' at her NSW retirement village
Buying into a residential land lease community was meant to be an affordable housing option, but impending site fee increases at one Central Coast village are making it harder for residents to stay afloat.
www.abc.net.au
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Based on extract of letter in article, fees had been unchanged for 3y..lucky them..in the real world, let me tell you they did move so an increase on the 4th year ,below 15% is of no ethical issue and seems actually fairThe perils of buying a land lease property.
Noeleen says site fees are 'blowing pensions out of the water' at her NSW retirement village
Buying into a residential land lease community was meant to be an affordable housing option, but impending site fee increases at one Central Coast village are making it harder for residents to stay afloat.
But it might be simply that these owners can not afford what they have...
Pensions have not increased but neither has my investment income...
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Trailer parks are coming, hook up your home and move it to where you can afford to live, leave the more expensive areas to the rich. ?
Why prick the property bubble, if you are riding it? This isn't rocket science, why would politicians prick the bubble and lose their income, that would be stupid.
I have bank shares which would be hit hardest, but to keep the bubble growing just causes more pain when it has to be lanced, unless the plan is to have a bigger and bigger wealth inequality.
wayneL
VIVA LA LIBERTAD, CARAJO!
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There is the question of what sort of a society do we want to live in.Trailer parks are coming, hook up your home and move it to where you can afford to live, leave the more expensive areas to the rich. ?
Why prick the property bubble, if you are riding it? This isn't rocket science, why would politicians prick the bubble and lose their income, that would be stupid.
I have bank shares which would be hit hardest, but to keep the bubble growing just causes more pain when it has to be lanced, unless the plan is to have a bigger and bigger wealth inequality.
The aggrieved will be intent on further experimentation with Marxism, only to once again discover it is a hundred times worse than even this economic fascism we currently live in.
When people have nothing left to lose, watch out.
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definitively the plan but not for the smallish cba shareholder and Tesla Beemer posh suburbite...real wealth...and it is not remaining in AustraliaTrailer parks are coming, hook up your home and move it to where you can afford to live, leave the more expensive areas to the rich. ?
Why prick the property bubble, if you are riding it? This isn't rocket science, why would politicians prick the bubble and lose their income, that would be stupid.
I have bank shares which would be hit hardest, but to keep the bubble growing just causes more pain when it has to be lanced, unless the plan is to have a bigger and bigger wealth inequality.
Dona Ferentes
A little bit OC⚡DC
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"The construction industry will shed 61,000 jobs over the next three years as work slumps in the labour-intensive home-building sector, new forecasts to be released on Tuesday by peak industry body ACIF show.
"The Australian Construction Industry Forum has cut its forecast of detached house construction by $1.1 billion..., as higher interest rates hit consumers’ borrowing capacity and as rising material and labour costs make it more expensive for builders to build....
... Will be a lot of repossessed Hiluxes In the yards, soon.
"The Australian Construction Industry Forum has cut its forecast of detached house construction by $1.1 billion..., as higher interest rates hit consumers’ borrowing capacity and as rising material and labour costs make it more expensive for builders to build....
... Will be a lot of repossessed Hiluxes In the yards, soon.
JohnDe
La dolce vita
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Ford Ranger's will be he repossessed king. The young and risk adventurous tradie go for the Rangers, while the tradie with more life experience and risk averse own Hilux's and Tritons.
I've noticed that the roads are getting quieter in the morning and afternoon, usually a sign of things slowing down. The RBA may have achieved their goal, knock the working class on the head.
So we have
- high house prices
- a housing shortage
- 400,000 new arrivals
Australia - ripe for the picking.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Aussies turning bullish on property price? Well there's a surprise, haha.
I am actually in two minds on this.
To me, house prices in this country do not make any economic sense whatsoever; and haven't done since about the mid noughties. Apart from a few niche markets (hopefully one of those is where I have my ppor), I just can't see the economic sense of house prices rising any further "in real terms". And then there is the mortgage cliff, recession and all that sort of thing.
However there is the spectre of inflation, lack of supply, immigration, and the absurd increase of head costs on new property. There could equally be some version of a crack up boom in house prices as well.
Question I always ask myself when considering any trade investment, what is the upside, what is the downside?
I certainly wouldn't gear up into property at the moment, but I do have a lazy few hundred grand in cash that I am trying to find a home for. Popped a few offers in here and there but either expectations are unreasonable or we get outbid.
Hmmmmm
www.macrobusiness.com.au
I am actually in two minds on this.
To me, house prices in this country do not make any economic sense whatsoever; and haven't done since about the mid noughties. Apart from a few niche markets (hopefully one of those is where I have my ppor), I just can't see the economic sense of house prices rising any further "in real terms". And then there is the mortgage cliff, recession and all that sort of thing.
However there is the spectre of inflation, lack of supply, immigration, and the absurd increase of head costs on new property. There could equally be some version of a crack up boom in house prices as well.
Question I always ask myself when considering any trade investment, what is the upside, what is the downside?
I certainly wouldn't gear up into property at the moment, but I do have a lazy few hundred grand in cash that I am trying to find a home for. Popped a few offers in here and there but either expectations are unreasonable or we get outbid.
Hmmmmm
Aussies turn bullish on house prices
Westpac’s latest consumer sentiment report suggests that Australians have turned bullish on the housing market. Despite ongoing interest rate rises from the Reserve Bank of Australia (RBA), house price expectations have soared, suggesting stronger price growth (chart from IFM Investors chief...
www.macrobusiness.com.au
