Australian (ASX) Stock Market Forum

The future of Australian property prices

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just back from a week in a country retreat....and going back there again next week.....
went there to do an inspection after the tenant moved on to an older persons unit......agents want me to sell or rent....but decided the place is just too nice.....so may keep it for myself as a country house....or I may change my plans and retire there instead....
they are half the price of Melb houses....and just a 3 hour trip on the old freeway
its so nice to take a break from work.....and the blogging on the side

I note Robots and friends have been keeping up the good argument for the rest of us....
I am assuming there will be so many more investors looking at the safety of bricks and mortar, after another appalling week in the gambling den....
I note NSW is assisting FHB with stamp duty relief.....
and then of course the bottom falling out with no confidence left for investors, with building approvals down......that should frighten the daylights out of the banks and govnuts.....and rightly so....
after Stevens rate hikes....
I will check in from time to time.....but taking a break until mid to late July
cheers to Robots and the fellow property people
 
kincella said:
that should frighten the daylights out of the banks and govnuts.....and rightly so....
after Stevens rate hikes....
Click to expand...

Can you please explain to me why Glenn should have left rates at emergency rates/historical low while inflation started to march forward and RE went to the moon?

Cheers
 
hello,

good stuff Kincella, kick back brother, take it easy

yes thats what i plan to do in the coming years have plenty of options in life, country or city, the government should reward us more for our achievements

glenn stevens has done exactly the same as last time, pushed things way to far to quick, just hang in

and have high IR's busted inflation? no never do and never will, inflation is a given man (or as Kincella puts it the devalue of the $)

just like the sun coming up in the morning

as its a topic many cant grasp we might run a special Q & A on the topic of inflation/devalue of $ tonite

thankyou
professor robots
 
hello,

good evening all, fire away

here to help, we will have an interval around 8.30pm for some light entertainment where Explod is going to hit us all up with some of his jokes

thankyou
professor robots
 
robots said:
high IR's busted inflation? no never do and never will, inflation is a given man
Click to expand...

If this is case, then how would you control inflation?

Do you believe Glenn dropped rates to far encouraging people to go further into debt instead of reducing?

What do you see as a fair inflation rate p.a?

Do you see the current IR's to high and should not be increased just to control inflation?

As a property investor, inflation is your friend, do you think you answers will show bias?

Cheers
 
satanoperca said:
If this is case, then how would you control inflation?

Do you believe Glenn dropped rates to far encouraging people to go further into debt instead of reducing?

What do you see as a fair inflation rate p.a?

Do you see the current IR's to high and should not be increased just to control inflation?

As a property investor, inflation is your friend, do you think you answers will show bias?

Cheers
Click to expand...

hello,

1. increase competition (fruit & vegetables)

2. no, people have a choice to go into debt or not

3. dont have a figure

4. maybe too high by 0.5%

5. no, my income is my friend

i know WayneL has been running long term threads on the true inflation rate in the community, its enormous and happens year after year,

when retail lending rates went to 9.5% the other year did your grocery bill go down? power supply cost go down?

forget about inflation it happens year on year

thankyou
professor robots
 
robots said:
hello,

when retail lending rates went to 9.5% the other year did your grocery bill go down? power supply cost go down?

thankyou
professor robots
Click to expand...

Hi,

Was hoping for me of a turn out but anyway.

No, my utility bills have gone up since we have had historically low IR's.

How would you increase competition for fruit and veg?

People dont have a choice, greed is a basic human emotion, even more so if they have to pay less for it.

An you may be proven correct if we see IR's reduced by 0.5% in coming months, but given inflation is outside the RBA band and unemployment is on its way back down I believe there is a greater chance of them being increased.

IR's also have a strong correlation with carry trade. Drop them to low and watch the money bleed out of the land from Oz.

Cheers
 
hello,

oh well, people probably plotting the next trade, not to worry Satanoperca

and my power bills went up even when we had high rates, amazing

the issue with fruit and vegetables is they are an exception to inflation, i bought a kg of banana's for 1.69 last year and the year b4 and the year b4 that and the year before that

amazing

has Explod been around today? i had him booked for 8.30pm but hasnt shown, oh well, must be working on material

thankyou
professor robots
 
hello,

oh yeah thanks Medicowallet,

just doing the usual community focused work for all at ASF, helping out all the brothers

there's a few prophets in this particular thread, keep an eye out for them

great winter weekend in Melbourne, the place to be

some good snow falls so should be good season
thankyou
professor robots
 
the true inflation rate is over 10%...so forget the rubbery figures of 3% designed to fool you....
the following is a copy I posted on another forum....

the dodgy figures used by the bankers worldwide...as 3% is for an alternative purpose....
most pensions, wage rises etc are tied to the inflation rates....
the govnuts worldwide cannot afford to pay pensions and all the other payments at the true inflation rate of 10%, hence they con the workers and the poor into believing the 3% rate....and so pay the lower rates....

interest rates themselves were removed in the early 90's from the inflation figure....so go figure that one out
and housing costs for mortgaged homes were also removed...
not sure what dodgy figures they use now to assess the cost of housing in the inflation figures..
it all sounds nice....if you really were mushrooms....as thats how they treat you...keep you in the dark and feed you mushy stuff
are your electricity costs up over 30'%, even after most of us have cut our usage ??
if you ever go food shopping at the 2 big stores , and are familiar with food prices you would know they have risen by way above 10% every year...
so go figure....housing, food, petrol and energy are the biggest weekly expense for most households, and those costs are way above the silly 3% the RBA uses....
some of you really need to delve a bit deeper into research, rather than relying on the 'spin' used by most institutions, that have something to hide

all other banks in the developed world have kept their interest rates at the low levels....for good reason.....but our current incompetent govnuts lifted them for a reason....to fool you into believing our economy is different, and the current OZ govnuts are good economic managers.....
the asians were the players paying top prices in only certain inner city locations...which drove house prices high....
cause again the incompetent govnut opened the gates to foreign buyers....

now out there in the real world, consumer confidence is at it's lowest level in a decade,...some of us are not surprised...some of you would be....

the destruction coming from GFC mark2 in the stockmarket, coupled with the mining tax, will have forced many conservative people back into property, they will leave the gambling den to the high risk takers....

so do not expect house prices to crash....people with their own superfunds will be out there buying both resi and commercial.....within the safety confines of bricks and mortar.....
they will not be buying overpriced housing stock....like me, they will seek out bargains, a replicate of the 2000-2004 period....

****Inflation running at over 10% pa, means your dollar is devaluing at the same rate...
 
Hello,

If you believe property is the way to go, acquire your investment properties and shut up.
If you believe there is a housing bubble waiting to go bang, sell up, or hold off purchasing (oh, and shut up)

Why anyone bothers to influence complete strangers online is beyond me.

Come to your own conclusion, and do what you think is best for you.

Regards, me.
 
damien275x said:
Why anyone bothers to influence complete strangers online is beyond me.

Regards, me.
Click to expand...

A good point and I think raised by someone recently with me, may have been Julia I think, a lot of ASF is about feeding ego's and illuminates those unable to make a decision or uncertain.

I have had the belief that through discussion we may in fact help each other and learn together. Perhaps there is a thread on the topic, if not could be one for someone enterprising to start up.
 
hello,

good afternoon everyone,

gee Damien relax man, take it easy in Life

you might be surprised how many are not actually strangers, many have meet-up, spoke on the phone, gone surfing together, helped each other out

i am professor robots:
 

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robots Re: The future of Australian property prices
hello,

good afternoon everyone,

gee Damien relax man, take it easy in Life

you might be surprised how many are not actually strangers, many have meet-up, spoke on the phone, gone surfing together, helped each other out

i am professor robots:
Click to expand...

That a photo of you there Prof., grat pic and that building behind you, understand they cannot move with so many people anymore, how much is the yield on them Bro.,

Oh and a bit off topic, ever thought of getting your ego measured, could be some kind of record I reckon

Brevit, (self appointed) Commissioner explod
 

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