Forum Replies Created
Still waiting ….actually it’s a positive cashflow question
Waiting ……
True, it does represent loans closed not contracts exchanged, but at least it is statistical, and gives an idea on volume of total loans for property purchased.
Last time I checked, agents in January were telling us that the market was good for another 10% per year for X years, 15% for 2004, was still a sellers market etc etc etc.
Whenever I want an unbiased objective opinion on the property market I always ask a real estate agent. Sorry forgot to mention honest.
ABC news 30/09 1.05pm “lending for August for property x%, the lowest since January 2003.”
Wonder what your real estate agents know that the reserve bank does not.
Something to do with $50 a barrell and the liklihood that the US recovery will now stall,
they are betting on the economy diving and inflation will fall.The broker our business used confirmed that 70%+
of their current borrowing is for refinancing.
ie debt consolidation.
Would welcome comment from our resident brokers.
Come on guys whats really happening.How about $70 to change a light globe ???
Don’t buy the Unit try to buy the management rights.
Originally posted by john howard:. the smart ppl have sold they properties now and cash will be king.
just look at how many ppl are posting about properties in NZ, what does that tell you.
I think it tells me that NZ just got a lot more expensive.
by the way those figure for the last quarter are based, on settlement figure not exchange otherwise I beleive it would be worse.
Damm just lost $100,000, no Bimmer before Christmas.
front page of Sydney Morning Herald
“RECORD SLUMP IN HOUSE PRICES “
but don’t worry the REI says the “market shows steady prices ” I feel so much better now. God bless the REI.
Acquired a commercial strata in Parramatta 11 years ago. If you are self tennanted like myself you take away two risks :-
a) Your property is never vacant.b) You are never screwed by your friendly land lord at the end of the lease, who ups the rent to charge you for the fitout you put in 6 years before.
Not great gain, only around 70% but the rent that would have been paid will have it probably paid off in a couple more years.
Would I buy another, maybe, but have other things to invest in so its not a consideration.
Originally posted by jemarcher:in a run down state
Will you newbies stop bagging Tasmania,
Originally posted by ANUBIS:There is a distinct lack of competition for specialists in Tas and consequently they make very good money.
Compared to who, Sydney specialists or other Tassie professionals ???
If they are doing well, why did the specialists at the teaching hospital call a crisis meeting ??
As Kay said apartments are a given. I think a lot of ppl don’t understand Sydney’s apartment market. Some of those city Towers have a population that looks straight from Hong Kong.
Definitley an over supply but this market will absorb more than most will ppl think.I am worried about the high rise that has sprung up all round Sydney, not just the city. 300 Uniit blocks in Arncliffe, at least 6 towers in Parramatta over 20 storeys, with more on the plans, Liverpool towere and town houses and Apartments in Castle Hill etc.
As more houses disappear to make way for the denser developments it will help prop up house prices due their reduced supply. But apartments and townhouses, who knows where they will head.
I would’nt have any in my portfolio.
Originally posted by garrytas:Hi Gmh 454
Would you rather earn $1mil per year in Sydney and have a mortgage on a $5mil waterfront property
If a specialist has a mortgage on his $5 M waterffront by the time he is 35 he should have a damm good look at himself and see where he is going wrong.
Originally posted by setmefree:sorry to ask a dumb question, what are ppl ? pensioners ?
Its short for PeoPLe
Originally posted by westan:Hi Ghm 454
they will import medical staff, from mainland, no big deal.
Obviously you are more informed. I stand
corrected as usual Westan.Sarcasm asisde, the ABC news report I quoted from, said they were losing specialists at one a month.
Let me explain it for you.
The opportinuties for a specialist to earn from a hospital is based on clientel. A specialist is primarily not paid by the hospital he uses their facilities and they allow him to run his clients through that hospital.
In return he teaches. Any income he earns from this by specialist standards is peanuts.
His income is primarily built from his own practice not some salary from the hospital.Opportunities in Tassie are about Zip.
Now consider if you will. You earn 1 Mill a year plus, where would you live.
Lower Nth shore east Suburbs of Sydney or the booming state of TasmaniaI think there might be a few tradesmen who could cut their margins if they had to, once the market corrects and they have to compete for work.
Originally posted by aussierogue:anyway the important thing is not so much the interest rate hike but the price of oil. now thats interesting!!!!
45 bucks a barrel. some saying cld go to 70.00.
Agreed, and it should not be blamed on Iraq, it is more the demand of the worlds two driving economies.
It must have an effect on inflation.
Of course if the Americans actually stopped driving trucks, instead of cars … but thats a debate for a different forum
Originally posted by aussierogue:rate rise – stock market up??? not necessarily.
Sorry but was quoting on what happened the day the rate increase was released, was not guessing the future.
Rates rise and the Stock market moves up ?????
Put down as a sign of confidence in future growth.
