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#181 | |||
Regular Member
Join Date: Nov 2011
Posts: 59
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Any chance you could step up and show what your made of or can we expect you say nothing because you fear you will be wrong . Guess we will all find out soon enough weather you can walk the walk or just talk the talk , I know where my money will be.... |
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#182 | ||||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#183 | |||
Bring back Ambrose!
Join Date: Dec 2004
Location: Eau Rouge
Posts: 1,248
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![]() Why the attitude? For what it's worth, I sold a property 3 months ago and it sold quickly to investors, for a good price and more than I expected in the flat market. Two weeks ago a neighboring property also sold quickly but I am unsure of what price it sold for. (It was advertised for a touch more than mine.) An investor also purchased it. Goes to show that good property is still retaining value and that investors are still out there buying. There are some houses in my area that are sitting unsold for a long time, but usually there is a fundamental reason for this. (Unrealistic price, main roads, disrepair and refusal to budge on price) |
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#184 | ||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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The whole economy is stuffed and the only people talking it up are politicians.
The only thing going up in this country is fines, fuel and utilities. Im no economist, or financial expert, but heres what i do know... I drive a truck for a living, i work for a company who delivers to the largest retailers in SA, 1 of them a large grog chain. 12 months ago 6 of us were moving 50-60 pallets of freight a day each, 5 days a week to said retailers. Currently i am getting 1 day a week and 2 people were laid off...the remaining 3(full timers) are sharing 80 pallets a day between them. Every week i hear the same thing..it will pick up, it has to pick up, its never been this bad before etc. etc. Even the old timers who've seen the whole rollercoaster before say its never been so bad. We are on a knife edge at the moment. The old saying goes 'without trucks, Australia dies'. Well the trucks are idle, what does that say for Australia... |
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#185 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#186 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,645
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Cant see how thats a positive. |
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#187 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Yours is a barometer that that I hear repeated time after time. And am seeing it first hand on approx the same magnitude as the pallets you describe. Even the owner of one of the largest miners last week was hauled in by the bankers for a breach of caveat of his loans, luckily a US bank stepped up to the refinancing plate....only 8 months ago he was all public about how the boom was here to stay. Not pretty.... In 12-18 months we will catch up to the rest of the world is the advice I have had. House prices on average $5-600k...? absolutely dreaming if we think that can be sustained. We can't all buy Jim's Mowing trailers... ![]() |
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#188 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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And another one bites the dust.
Historically the economy has gone through cycles which implies a circular motion.....not unlike this thread. |
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#189 | ||
Chairman & Administrator
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Location: 1975
Posts: 107,035
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I am going to give this one more try. One user will not have access to this area again so hopefully everyone else can remain civil and remember that others are entitled to their opinion.
Cheers Russ
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Observatio Facta Rotae
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#190 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: On The Footplate.
Posts: 5,086
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The rental market is insane out here too, not only house prices. However, maybe they're starting to take a knock.
Maybe six months ago, there were shocked reports that three bedroom houses in the mining town of Moranbah were renting for up to $3000 to $4000 a week. Just the other day there was a shocked news item on the local news saying that there were actually houses for rent there now for around $300 a week. Good...some greedy landlords are taking a smack on the bum, and about time. Normal workers like teachers and nurses and shop assistants have to live somewhere... |
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#191 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#192 | ||
Petro-sexual
Join Date: Dec 2004
Location: Melbourne
Posts: 4,527
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Mining towns need more than just miners to survive.
Just because they can pay it, doesn't mean that's what should be charged. Or do you have rates for miners and non-miners? |
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#193 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#194 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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What a joke. He was turning up to advertised inspections and getting in a line of 30 people. Or would book a 'private' viewing and still walk through with 5 other people. He finally found a place after 3 months and many knock backs. In the end he took the advice of a work mate and added 5% to the asking price and 'scored' a 1br granny flat for $280 a week.... I bought a 1br unit several years ago and the rent for that place started at $110pw, it's now $250 a week! Insane if you ask me.... I think the previous theme of banks returning to the 'good old days' with how they lent money is a very bad idea. Any major change in the industry will cause a tidal wave of financial destruction. The only way to remedy the situation (if you believe there is a problem in the first place) is to to hold things how they are and apply changes to future borrowers in a VERY gradual way. As for the gold vs property debate.... There are things in life that are certain. Taxes, death and a growth in population. Real estate as a commodity will be just as necessary as gold as a rare natural resource. People still need a place to sleep. While gold has shown exceptional recent growth it is all a gamble in the end. Life is a gamble. Past trends, while great to refer to cannot be an iron clad judge of future trends. If you make or lose money while investing has more to do with luck, timing and to what advice you choose to listen to or ignore. Life isn't 100% "What you make of it" more like 50%. The other 50% is "What others make it for you". Oh, thanks for re-opening the thread ;)
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___________________________ I've been around the world a couple of times or maybe more....... |
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#195 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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This is a major component of why the FPV dealer in Emerald bit the dust. But this attitude is not just confined to miners. How many bazillion threads are on here whinging about Australian prices of [whatever] compared to elsewhere and how someone is superclever buying their [whatever] on the internet..... |
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#196 | ||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,907
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DANNO178 sounds like someone else that use to partake in these debates.
In Brisbane things are still pretty steady, i sold my block of land last year (making a profit on what I purchased it for in 2009) and bought another new property (got 10 kay off the price thanks to the state gov). Where that sits now really doesn't bother me as we have a house to live in, I still have my investment properties which are sitting tight (not doing much) but I am getting more money for them each review (and interest is alot cheaper then what it was). I don't think anyone is right or wrong, we all take risks in hope of giving ourselves a better life one day. Whether the risks pay off or not is questionable but there are plenty of people my age (27) who still own nothing. While I haven't made anything on my investments yet atleast they are nearly paying for themselves and I'm not out blowing the money on overseas holidays and **** every weekend. Sadly for some of us we missed the good times, but hopefully they will come again.
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#197 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,907
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Quote:
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#198 | |||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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Quote:
Cheers!
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___________________________ I've been around the world a couple of times or maybe more....... |
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#199 | ||
FF.Com.Au Hardcore
Join Date: Feb 2011
Location: On The Footplate.
Posts: 5,086
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House prices in Rockhampton/Gracemere are pretty much steady with a downward trend over the last four years...despite what real estate agents have been saying in the local paper trying to beat up the market, but we've been watching the real estate guides and they are dropping.
For instance, we saw a nice house at Gracemere which had everything we liked, priced at $299,000 (dropped from $305,000 after two months on sale. We offered $274,000 and the people are apparently thinking hard about the offer and will most likely take it. It's a real buyers market, and if you are in the position of not actually needing to buy a house and can sit back and make offers and wait, you're ahead straight away, as sellers know there are plenty more houses for sale around the area, and they haven't really got anything unique and special. Mining towns: houses don't cost any more to build out here than they do at the coast. A cheap kit home that took a couple of weeks to throw up near me was for sale for nearly half a million but is rented out for $850 a week. The only reason these sort of rents are possible is that mines are willing to rent lots of houses and write off the expense, giving the workers subsidised rents. However, the expansion of mining camps means that finally the mines are realising they were spending way too much for houses, and that men can be bussed in and put up in camps, then bussed home again. |
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#200 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Watching ABC "The Business" doesn't look good.
25% official unemployment in some countries....oil price actually going down???? interest rates dropping.... Chinese downturn bigger than once thought... A constant comment that our private housing debt is much higher than Us and spain before the crashes there... Something big going on and hasn't hit here in Aus yet..... |
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#201 | |||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,058
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Quote:
![]() The way I see it is everything is life is a big gamble, you can plan out everything, try do this/that but in the end you just choose which way to go and you don't really know where it leads, it just turns out how it does. Its all a big race in the property market to buy investment properties, to me it doesn't really matter who has the most money when they're dead, because they're still dead and you can't take it with you, well you can but it isn't much use to you or anyone else, lol. No one goes to their graves wishing they worked more to get more money. As long as my choices lead me to being happy, thats all I really care about. |
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#202 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,048
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#203 | ||
SZII in Silhouette
Join Date: Jul 2005
Location: Darwin NT
Posts: 600
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The Darwin property market is taking off again (rentals and sales), on the back of the Inpex project.
We rented a small 4 bedroom, two bathroom house in the Northern suburbs at $600 a week. At the lease end that went up to $720 a week. We found a much nicer place in the same suburb but we are paying $750 a week - 4 double bedrooms, 2 bathrooms, pool, double garage. Personally I think that is undervalued by $50 to $100 a week in the rental market but I'm happy to take advantage of that. I also own a two bedroom investment unit in town. New unit blocks consisting of two bedroom units are being built for investment properties with the bait being "Inpex have signed an agreement to rent these for $900 a week" I have had a good tenant in place for 3 years who wants to stay. So at the end of her lease, the rent went up $25 to $500 a week (a return before tax of over 6.8%). It didn't go up at all at the end of the last lease. Realistically, I could probably get $600 a week without too much trouble, but at $500, she's happy, I'm happy and also have the confidence that my tenant will look after the place, rather than take the chance that a bunch of yobbo's will rent it out if I put the rent up too much and she leaves. Capital value is also on the up again (finally) which was why I bought the place - probably around 6-8% over the last 9 months........ I don't begrudge anyone the $$$ they can get for rent but at the end of the day, I can sleep at night, and the security of a good tenant is worth $$
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. . Strangers have the best candy....... |
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#204 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 12,077
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Quote:
It is far more simple than most on here know and there is NOTHING that any of us can do about it. There are three possible scenarios 1) It turns around like it always has. 2) It settles as it is now. 3) It falls in a big heap. If it turns around then life goes on. If it settles then life goes on. If it falls in a big heap then the banks won't take everything as it has no value to them and those who have lots of money will lose it all as a litre of milk will be AUD$1,000,000 or 2.50 sheckles (remimbi maybe) and 20kg of gold will be worth less than a single 7.62mm cartridge. I remember in the 70s with the "red peril" all of the bomb shelters and food and weapons hoarding and the constant bleating by "experts" on how we will be over run any minute by the commos. So rather than run around screaming the sky is falling and pretending that you are clever protecting yourself from whatever doom you see coming why not just get out there and do your best to help Australia and Australians. Buy a house and an Australian car. Buy Australian food and goods. Have a holiday in Australia. Talk Australia up not down. And the last point. If you KNOW there really is a disaster looming and the only way to protect yourself is to manipulate your financial position at the extense of others then why would you tell those whom you taking from know that you are doing it? |
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#205 | ||
Regular Member
Join Date: Oct 2008
Location: Perth
Posts: 267
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I am convinced that the s#%t is going to hit the fan.
Governments and the private sector internationally have based their financial decisions on a series of assumptions, the crux of which is the continuance of economic growth at rates seen only in the last 20 years. Helen Keller would see, hear and communicate that this was unsustainable. |
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#206 | |||
SZII in Silhouette
Join Date: Jul 2005
Location: Darwin NT
Posts: 600
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Imported peanuts in Kraft Peanut Butter! Imported orange Juice concentrate from Brazil in just about every Orange Juice! Woolworths Salted Pistachios (yum) - American nuts packed in Australia! Say what you like about Dick (and i'm not a fan of the hypocrisy of forgetting to mention the tonnes of imported electronic cr*p that he used to sell) at least he is getting behind local producers. I always buy Aussie grown/produced/owned food where I can - I figure if it costs me $5 a week extra, big deal!!
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#207 | ||
as in chopped
Join Date: Jun 2007
Posts: 1,991
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Will the changes of the First Home Buyers Grant have any effect on the market ?
$7000 First Home Grant (for new or existing homes) will be dropped and replaced by $15000 First Home Grant (new homes only). I think it's a win for the construction industry.
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#208 | ||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,276
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It only paid stamp duty anyway, are they doing it because no ones buying new houses?
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#209 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,907
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Quote:
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#210 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,573
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http://www.news.com.au/realestate/ne...-1226497332060
Uh oh............
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Visitors welcome Relatives by appointment only |
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