Forum. Needs some life. Let’s get something going

Sure, lets Roll. Freckle posted some interesting stuff. Is property a good investment right now? Or should foreign investors stay local until the actual bottom actually hits? When will that be? How is the situation in Europe going to affect us property for the au investor? Is the dollar going to crash if Europe doesn't get it <moderator: delete language> together?

Really  ,stir some thing up. LOL

luke

i think  you  have a better chance of picking the top of the Aussie market
than picking the bottom of the US propety market

the US  has been  running the  printing presses  for a few years now
the  GFC  has a long  long way to run

you just cant get out of trouble , throwing bad money into bad debt

Aussie,s  are  living high  because of the howard government
and the resourses boom

heaven help us if  china slows production
or that bogan   ranga PM  see's out another term 

watch this space

the biggest thing to stir up both the Australian and american markets

Yes Nigel i hear a whirlwind is coming.
 
Should blow away the US market as far as many Australians are concerned.

Cheers

Yours in Finance

This morning my suspicions were solidified.

http://www.perthnow.com.au/news/obama-warns-iran-hes-not-bluffing-over-nuclear-weapons/story-e6frg12c-1226287953031

There's a war coming, war means spending.

On the subject of "skilled" immigirants, the only reason thats happening is because big business want cheap alternatives, and they are cheap for a reason.

The RBA is not optimistic. Their language talks of room for more easing should the Euro area problems worsen. In real speak that means when europe turns to custod we have the capacity to reduce interest rates. If it gets really bad (liquidity) we’ll print money too!!

Prices are still on a confirmed downward trend. We are tracking exactly as the US did when its property market collapsed. We only need a trigger to accelerate us into a full blown collapse.

I have no idea how you come to this conclusion. Real inflation is outpacing wage growth.

Anything’s possible in the Land of Oz but Alice has returned to the real world.

Globally populations in general are deleveraging as they try to position themselves for a recession. It’s a natural transition after exhausting our capacity to leverage up on easy credit

We’ve been dependent on China for over a decade, however, they’ve managed to turn their own economy into a bag of worms. China can not prevent what’s coming. Their economy is so dysfunctional they may end up copping the worst of the down turn.

Intelligence is only useful when it’s positioned in places that can influence or action the changes needed to correct things. China is a command economy run by a corrupt central government. Politicians are not renowned for their economic intellectual abilities. Quite the contrary.

Throughout the ten year period, the largest group of skilled settlers was born in the UK. They represented just over one-in-four (27%) skilled settlers arriving in 2007-08, up from 21% ten years earlier. The next two largest skilled groups arriving in 2007-08 were born in India and China, and they accounted for 16% and 11% of skilled arrivals respectively. Those born in South Africa represented the fourth largest group in 2007-08, accounting for 6% of skilled arrivals, but down from 14% (and second place) in 1997-98. The absolute numbers of South African born settlers has remained relatively constant throughout this period, however, the proportional decrease reflects the growth in arrivals of UK, Indian and Chinese born skilled settlers.
http://www.abs.gov.au/AUSSTATS/[email protected]/Lookup/3416.0Main+Features32009.

While Chinese skilled labour makes a contribution to economic activity it is impossible to measure its impact. Many skilled migrants find their qualifications do not meet Australian standards when they try to employ these skills. Some of the conditions placed on skilled immigrants are onerous at best and reflect protectionist practices by controlling bodies.

The Freckle

I will do what I always do and will chase the cycles, the next to move will be Sydney,  we are not too far off and I will be loading up.

Freckle,  I am only interested in what is happening on the ground, not interested in analysing this stuff it has been done to death. 

WI

Lack of supply???

According to RP Data:

The number of newly advertised properties for sale continued to increase last week however, we are seeing fewer new listings enter the market compared with the same period last year (3.3% lower nationally and 9.1% lower across the capital cities). RP Data is currently tracking 300,994 properties for sale across the country and 143,254 properties across the capital cities. Throughout Australia, total listings are currently 27.7% higher than they were at the same time last year and 25.5% higher across the capital cities. With fewer new listings being added to the market and some stock being absorbed, the total number of homes now advertised for sale is -7.5% below the record highs of last year nationally and -11.7% below their peaks across the capital cities.
http://www.macrobusiness.com.au/2012/02/rp-data-homes-for-sale-leith-van-onselen/

This graph shows how unsold property stocks are rising. They’re approaching 2008 levels.

The graph below illustrates how housing markets have tracked once over their peaks. Interesting to note we are currently tracking the US. The UK and NZ markets had initially steeper declines and levelled out faster. It will be interesting to see how the AU markets tracks over this year.

The Freckle