Australia’s property market is just SIX WEEKS away from collapsing
Read more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
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Hundreds of Qld construction jobs to go, insolvency experts warn
SOUTHEAST Queensland’s construction industry is on the brink of implosion, a new report has warned, with more than 400 businesses tipped to hit the wall in the next 12 months.
http://www.news.com.au/finance/economy/australian-economy/hundreds-of-qld-construction-jobs-to-go-insolvency-experts-warn/news-story/a84ed88e5d04374569dd6375a8f68028
wookiemeister said:
SELL SELL SELL!
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Witty Rejoinder said:
wookiemeister said:SELL SELL SELL!
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
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i have been wondering why the police are out with speed radar so much, the government is running out of money
wookiemeister said:
too late
i have been wondering why the police are out with speed radar so much, the government is running out of money
It may happen one day. We do seem to have elevated real estate into an investment position that is probably not justified and the banks ledgers are weighted very heavily toward, according to some, over valued real estate.
The only problem is that the prophets of collapse are a bit like the boy who cried wolf. A collapse is predicted every six months or so and has been for the last 15 years or so.
wookiemeister said:
Witty Rejoinder said:
wookiemeister said:SELL SELL SELL!
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
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too latei have been wondering why the police are out with speed radar so much, the government is running out of money
Well I did my bit then.
Peak Warming Man said:
wookiemeister said:
Witty Rejoinder said:
SELL SELL SELL!
too latei have been wondering why the police are out with speed radar so much, the government is running out of money
Well I did my bit then.
It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
CrazyNeutrino said:
Peak Warming Man said:
wookiemeister said:too late
i have been wondering why the police are out with speed radar so much, the government is running out of money
Well I did my bit then.
It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
wookiemeister said:
CrazyNeutrino said:
Peak Warming Man said:Well I did my bit then.
It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
I dont understand why they have that problem
they have enough people for sewing
wookiemeister said:
CrazyNeutrino said:
Peak Warming Man said:Well I did my bit then.
It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
“they” or we are so boned. Or is the rumour true that you are a visitor from the future?
wookiemeister said:
CrazyNeutrino said:
Peak Warming Man said:Well I did my bit then.
It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
I seethe thinking about defence uniforms made in china.
but then they are already making our flags…
The people complaining about the made in China uniforms need to first of all aquaint themselves with federal government procurement guidelines then make a case that they should be changed.
AwesomeO said:
wookiemeister said:
CrazyNeutrino said:It s ok
The Chinese will come in and buy everything, then pay others to represent them in parliament.
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here“they” or we are so boned. Or is the rumour true that you are a visitor from the future?
I’ll bet this does not eventuate
still, with brexit we will be able to trade more with the poms. at least they are white. but we don’t want their cars though.
AwesomeO said:
The people complaining about the made in China uniforms need to first of all aquaint themselves with federal government procurement guidelines then make a case that they should be changed.
dv said:
I’ll bet this does not eventuate
me too.
wookiemeister said:
AwesomeO said:
wookiemeister said:they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
“they” or we are so boned. Or is the rumour true that you are a visitor from the future?
i tend not to associate myself with fuckwits. i mean come on things are getting worse and our cherished leaders are pouring fuel on the fire.
I was just questioning the they as if you were not living here and for better or worse, maybe worse in your case, benefiting from living here. Are we they?
ChrispenEvan said:
still, with brexit we will be able to trade more with the poms. at least they are white. but we don’t want their cars though.
pity cos my land price might have tanked and i’da got it cheaper.
i tend not to associate myself with fuckwits.
how can you live with yourself????
AwesomeO said:
wookiemeister said:
AwesomeO said:“they” or we are so boned. Or is the rumour true that you are a visitor from the future?
i tend not to associate myself with fuckwits. i mean come on things are getting worse and our cherished leaders are pouring fuel on the fire.I was just questioning the they as if you were not living here and for better or worse, maybe worse in your case, benefiting from living here. Are we they?
sad really
i suppose the best thing that could happen could be a decade long recession, lots of people write off the debt and go bankrupt, that might be the only way to make things better
one way to pay off government debt is for the government to suddenly make lots of dollars appear and just pay down what they owe
the dollars just appear in a flash and are used by the government to pay off debt
the currency might nose dive but it could be better to have a little bit of pain now rather than later
wookiemeister said:
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
Just 6% of British army uniforms are made in the UK while £75million of manufacturing is outsourced abroad
Read more: http://www.dailymail.co.uk/news/article-2328537/Just-6-British-army-uniforms-UK-75million-manufacturing-outsourced-abroad.html#ixzz4K2JkKYvJ
Bubblecar said:
wookiemeister said:
they are so boned in australia they can’t even make the army’s uniform, a chinese firm is getting the contract to make the uniforms. when i meet the english over here i tell them to save themselves and just save their money and under no circumstances to buy property here
Just 6% of British army uniforms are made in the UK while £75million of manufacturing is outsourced abroad
Read more: http://www.dailymail.co.uk/news/article-2328537/Just-6-British-army-uniforms-UK-75million-manufacturing-outsourced-abroad.html#ixzz4K2JkKYvJ
i wonder if the romans started outsourcing their uniform manufacture
ChrispenEvan said:
i tend not to associate myself with fuckwits.how can you live with yourself????
Good question
wookiemeister said:
i wonder if the romans started outsourcing their uniform manufacture
Wouldn’t be surprised, since their armies often consisted mostly of foreigners.
Trump vows to go to war with Iran if its soldiers make ‘rude hand gestures’ at US Navy ships
Read more: http://www.dailymail.co.uk/news/article-3782688/Trump-vows-harsh-response-Iranian-vessels-harass-U-S-Navy.html#ixzz4K2LLcnBA
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worst thing about china making the uniforms is that the sleeves will be too short and too tight. rest will fit ok though.
it would be cheaper to buy chinese ak 47s or hire out the chinese army
now sport
Thread bookmarked so I can come back in 6 weeks time.
pommiejohn said:
Thread bookmarked so I can come back in 6 weeks time.
Good idea, set a memo in your phone to remind you. I am using that feature a lot now.
AwesomeO said:
pommiejohn said:
Thread bookmarked so I can come back in 6 weeks time.
Good idea, set a memo in your phone to remind you. I am using that feature a lot now.
I’ll have to get my daughter to do that :)
But seriously, there’s a reason why house prices are high… because people can afford them.
pommiejohn said:
AwesomeO said:
pommiejohn said:
Thread bookmarked so I can come back in 6 weeks time.
Good idea, set a memo in your phone to remind you. I am using that feature a lot now.
I’ll have to get my daughter to do that :)
But seriously, there’s a reason why house prices are high… because people can afford them.
Greatly aided by more people looking for a place to live.
PermeateFree said:
pommiejohn said:
AwesomeO said:Good idea, set a memo in your phone to remind you. I am using that feature a lot now.
I’ll have to get my daughter to do that :)
But seriously, there’s a reason why house prices are high… because people can afford them.
Greatly aided by more people looking for a place to live.
True. Supply and demand.
There are many factors involved but I don’t see it as a house of cards waiting to fall.
As for prices.. I just did a real estate search for 2 bedroom units in greater Brisbane less than $300K and got 233 results. ( Their search engine also includes results a little over $300K ) but still there’s property in that price range.
PermeateFree said:
Greatly aided by more people looking for a place to live.
+ more people looking for a place to invest in. There are many vacant properties owned by investors.
pommiejohn said:
PermeateFree said:
pommiejohn said:I’ll have to get my daughter to do that :)
But seriously, there’s a reason why house prices are high… because people can afford them.
Greatly aided by more people looking for a place to live.
True. Supply and demand.
There are many factors involved but I don’t see it as a house of cards waiting to fall.
As for prices.. I just did a real estate search for 2 bedroom units in greater Brisbane less than $300K and got 233 results. ( Their search engine also includes results a little over $300K ) but still there’s property in that price range.
There are too many people coming to this country for the demand to drop much. Even people looking for rental properties encourage higher rent prices, which in turn encourage the investors to buy property at a higher price (due to competition between themselves), as they know higher rents will compensate.
We’re not going to have a collapse anytime soon. Interest rates are low and unemployment is not out of control. At least one of those has to go pear shaped before a correction can even be thought about.
sibeen said:
We’re not going to have a collapse anytime soon. Interest rates are low and unemployment is not out of control. At least one of those has to go pear shaped before a correction can even be thought about.
+1
I saw the London property crash ( as a first time buyer) and it was interest rates doubling that did it. Even that was not enough to cause a crash until the banks flooded the market with repossessed homes.
One other thing, I occasionally hear young people, who can’t afford to get into the housing market, saying “ bring on the crash” Presumably they don’t realise that a crash is brought on because homes become unaffordable and they still won’t be able to buy.
pommiejohn said:
One other thing, I occasionally hear young people, who can’t afford to get into the housing market, saying “ bring on the crash” Presumably they don’t realise that a crash is brought on because homes become unaffordable and they still won’t be able to buy.
Houses will be affordable come the zombie apocalypse. Tins of salmon on the other hand…
AwesomeO said:
pommiejohn said:
One other thing, I occasionally hear young people, who can’t afford to get into the housing market, saying “ bring on the crash” Presumably they don’t realise that a crash is brought on because homes become unaffordable and they still won’t be able to buy.
Houses will be affordable come the zombie apocalypse. Tins of salmon on the other hand…
LOL.
pommiejohn said:
One other thing, I occasionally hear young people, who can’t afford to get into the housing market, saying “ bring on the crash” Presumably they don’t realise that a crash is brought on because homes become unaffordable and they still won’t be able to buy.
That’s not quite right, The issue isn’t that homes become unaffordable.. the issue is that the debt becomes affordable
lol, six weeks is all sorts of heroic. It took the US a year and a half to start the GFC with their housing crash.
wookiemeister said:
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
Follow us: @MailOnline on Twitter | DailyMail on Facebook
The Crash is due on Monday.
Bit of a bummer for me as I just signed a contract to buy a house !!
pommiejohn said:
wookiemeister said:
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
Follow us: @MailOnline on Twitter | DailyMail on FacebookThe Crash is due on Monday.
Bit of a bummer for me as I just signed a contract to buy a house !!
The cleansing fire of a market correction
pommiejohn said:
The Crash is due on Monday.
Bit of a bummer for me as I just signed a contract to buy a house !!
Read the fine print; there may be an apocalypse clause.
wookiemeister said:
pommiejohn said:
wookiemeister said:
Australia’s property market is just SIX WEEKS away from collapsingRead more: http://www.dailymail.co.uk/news/article-3784691/Australia-s-property-market-just-six-WEEKS-collapse-says-respected-U-S-think-tank.html#ixzz4K29IxOWl
Follow us: @MailOnline on Twitter | DailyMail on FacebookThe Crash is due on Monday.
Bit of a bummer for me as I just signed a contract to buy a house !!
It’s coming
Yeah we know. You told us. Monday.
Witty Rejoinder said:
pommiejohn said:The Crash is due on Monday.
Bit of a bummer for me as I just signed a contract to buy a house !!
Read the fine print; there may be an apocalypse clause.
:) There seems to be a “ My bank are fuckwits and haven’t approved my loan” clause.
Actually , funny enough I accompanied someone to look at a place in the eastern suburbs a few days ago
A crappy 2 bedroom flat goes for above 600,000 these days , realistically it’s only worth a third of that , that’s the power of crazy
wookiemeister said:
Actually , funny enough I accompanied someone to look at a place in the eastern suburbs a few days agoA crappy 2 bedroom flat goes for above 600,000 these days , realistically it’s only worth a third of that , that’s the power of crazy
Things are worth their market value
wookiemeister said:
Actually , funny enough I accompanied someone to look at a place in the eastern suburbs a few days agoA crappy 2 bedroom flat goes for above 600,000 these days , realistically it’s only worth a third of that , that’s the power of crazy
Once again, people in Sydney think they speak for the whole country.
You can get a decent unit in Brisbane for $250,000.
Something for the Sydneysiders to think about:
http://www.realestate.com.au/property-unit-qld-corinda-123601666
Maybe the simplest thing would be to evacuate Sydney and move people to new metropolises.
Housing markets are very flecible, they adjusted very quickly to a two income family and that is wha they are predicated on now.
It’s also why the housing price has jumped compared to the average wage.
Peak Warming Man said:
Housing markets are very flecible, they adjusted very quickly to a two income family and that is wha they are predicated on now.
It’s also why the housing price has jumped compared to the average wage.
Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
pommiejohn said:
Peak Warming Man said:
Housing markets are very flecible, they adjusted very quickly to a two income family and that is wha they are predicated on now.
It’s also why the housing price has jumped compared to the average wage.
Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
dv said:
pommiejohn said:
Peak Warming Man said:
Housing markets are very flecible, they adjusted very quickly to a two income family and that is wha they are predicated on now.
It’s also why the housing price has jumped compared to the average wage.
Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
Over supply equals lower profits
It’s a Ponzi scheme
meh…
I don’t think I have anything to worry about…
wookiemeister said:
It’s a Ponzi scheme
It’s a market, it reacts to supply and demand.
Sharp rises usually have a correction, but the correction has causes such as interest rates rising sharply.
House prices are high for many reasons, one of which is that people can afford them.
dv said:
pommiejohn said:
Peak Warming Man said:
Housing markets are very flecible, they adjusted very quickly to a two income family and that is wha they are predicated on now.
It’s also why the housing price has jumped compared to the average wage.
Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
El Niño.
When you can get better deals on vacant land in Malibu, California, two kilometres from the beach with a view of the Pacific Ocean than you can in Alice Springs, there’s something very wrong
http://www.news.com.au/finance/real-estate/buying/will-housing-bubble-pop-in-2017/news-story/4fe05fed1c277a096df33242a26caf6c
stumpy_seahorse said:
meh…I don’t think I have anything to worry about…
Me neither. I’ve got a loving family, I’ve got nice local birdlife, my health’s usually good. It’s all sweet.
dv said:
Maybe the simplest thing would be to evacuate Sydney and move people to new metropolises.
Someone was proposing to split the city up into several cities.
Arts said:
dv said:
pommiejohn said:Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
El Niño.
wait did I mention negative gearing or foreign investment?
Arts said:
dv said:
pommiejohn said:Nah, it’s the baby boomers have bought everything, I read it in the Guardain.
It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
El Niño.
it’s the vibe, it’s Mabo…
Mrs Turnbull…
stumpy_seahorse said:
Arts said:
dv said:It’s the State and Local govts not releasing enough land.
Well it is probably a lot of things.
El Niño.
it’s the vibe, it’s Mabo…
It’s the fucking photocopier.
Maybe
Arts said:
stumpy_seahorse said:
Arts said:El Niño.
it’s the vibe, it’s Mabo…
It’s the fucking photocopier.
Why hasn’t someone blamed the cleaners? It’s always the cleaners.
wookiemeister said:
When you can get better deals on vacant land in Malibu, California, two kilometres from the beach with a view of the Pacific Ocean than you can in Alice Springs, there’s something very wronghttp://www.news.com.au/finance/real-estate/buying/will-housing-bubble-pop-in-2017/news-story/4fe05fed1c277a096df33242a26caf6c
I’ll give you that …
Houston metro area and Sydney metro area have about the same population. You can get a shitty house on a block of land 10 km from the middle of Houston for $30000. It’s a shitty house, but at least you are started. The very bottom rung of the market in Sydney is out of reach of most young couples.
Arts said:
stumpy_seahorse said:
Arts said:El Niño.
it’s the vibe, it’s Mabo…
It’s the fucking photocopier.
http://www.whocrashedtheeconomy.com.au/blog/2016/10/delinquent-mortgages-hit-record-highs-in-western-australia-tasmania-and-the-northern-territory/
writes in dairy for 30th November, market collapse
dv said:
wookiemeister said:
When you can get better deals on vacant land in Malibu, California, two kilometres from the beach with a view of the Pacific Ocean than you can in Alice Springs, there’s something very wronghttp://www.news.com.au/finance/real-estate/buying/will-housing-bubble-pop-in-2017/news-story/4fe05fed1c277a096df33242a26caf6c
I’ll give you that …
Houston metro area and Sydney metro area have about the same population. You can get a shitty house on a block of land 10 km from the middle of Houston for $30000. It’s a shitty house, but at least you are started. The very bottom rung of the market in Sydney is out of reach of most young couples.
well yes, we do have a problem.
wookiemeister said:
http://www.whocrashedtheeconomy.com.au/blog/2016/10/delinquent-mortgages-hit-record-highs-in-western-australia-tasmania-and-the-northern-territory/
From that article:
“A sane course of action requires that we listen to the economists who have a track record of getting it right.”
Good luck finding one of them.
Pen and paper would probably last longer than a note written in cream…
furious said:
- writes in dairy for 30th November, market collapse
Pen and paper would probably last longer than a note written in cream…
Writes note, must buy real diary.
The clouds parted and the passengers peered down into the gloom; black smoke drifted across the eastern suburbs , cars – their doors still wide open with grass growing around them lay strewn across the highways. They gasped , it was all true , no more Saturday brunches only dustbin leftovers amongst the beggars that huddled for warmth around barrels burning copies of “domain” their broken teeth feasting clutching as they clutched at mobiles with flat batteries
Just stop eating smashed avo toast and you’ll have a house in Sydney in no time.
wookiemeister said:
The clouds parted and the passengers peered down into the gloom; black smoke drifted across the eastern suburbs , cars – their doors still wide open with grass growing around them lay strewn across the highways. They gasped , it was all true , no more Saturday brunches only dustbin leftovers amongst the beggars that huddled for warmth around barrels burning copies of “domain” their broken teeth feasting clutching as they clutched at mobiles with flat batteries
You’re a modern day Hanrahan, Wookie.
CrazyNeutrino said:
furious said:
- writes in dairy for 30th November, market collapse
Pen and paper would probably last longer than a note written in cream…
Writes note, must buy real diary.
For cream you’d need a dairy
poikilotherm said:
Just stop eating smashed avo toast and you’ll have a house in Sydney in no time.
Assuming you currently eat 1000 portions of smashed avo toast per day
Arts said:
CrazyNeutrino said:
furious said:
- writes in dairy for 30th November, market collapse
Pen and paper would probably last longer than a note written in cream…
Writes note, must buy real diary.
For cream you’d need a dairy
nek minit
dv said:
poikilotherm said:
Just stop eating smashed avo toast and you’ll have a house in Sydney in no time.
Assuming you currently eat 1000 portions of smashed avo toast per day
poikilotherm said:
dv said:
poikilotherm said:
Just stop eating smashed avo toast and you’ll have a house in Sydney in no time.
Assuming you currently eat 1000 portions of smashed avo toast per day
Solution: switch to four-grained toasted bread.
dv said:
Arts said:
CrazyNeutrino said:Writes note, must buy real diary.
For cream you’d need a dairy
nek minit
dv said:
Arts said:
CrazyNeutrino said:Writes note, must buy real diary.
For cream you’d need a dairy
nek minit
This was posted about ten weeks ago
dv said:
This was posted about ten weeks ago
They meant Christchurch
Well Port Hedland and Karatha have died in arse.
Sydney and melbourne are the last men standing
wookiemeister said:
Sydney and melbourne are the last men standing
Well, they’re not exactly at the giving-houses-away stage yet around Brisbane and SE Qld.
wookiemeister said:
Sydney and melbourne are the last men standing
Hobart northern suburbs are hot. Offers on the first day type hot. The rest of the market seems okay down here. shrug
time for the New Black Wolf of the Ranges to patrol his domain.
BBL, maybe.
mcgoon said:
time for the New Black Wolf of the Ranges to patrol his domain.BBL, maybe.
Bugger. wrong thread – again.
>…/cut/…..are out with speed radar so much, the government …/cut/…..
beginnings of the silly season
party_pants said:
Well Port Hedland and Karatha have died in arse.
Mandurah is going great guns too I hear.
Actually, saw an interesting graph (for bland values of interesting) from those McGrath property spruikers, shows that naff all houses are getting listed for sale in Sydney compared to two years ago (or even a year ago). Take from that what you will I guess…their share price certainly took a dive from it.
I think there’s a rush for a change of atmosphere
Dropbear said:
I think there’s a rush for a change of atmosphere
Situation no win.
Dropbear said:
I think there’s a rush for a change of atmosphere
Waking up the global warming way
Mashed dutch creams and salmon mornay. its actually quite comforting.