Housing bubble in Australia
Feb 8th 2010, 7:13 pm
#136
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
WTF are you talking about.....Tag team?
Why would someone be in a tag team because they DARE to challenge your views or statistics??
I can presume that anyone who agrees with your statements must therefore be on your side?
Please can you tell me which colour you would like to be so I can buy my side the right colour T-shirts??
Feb 8th 2010, 7:32 pm
#137
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: Housing bubble in Australia
WTF are you talking about.....Tag team?
Why would someone be in a tag team because they DARE to challenge your views or statistics??
I can presume that anyone who agrees with your statements must therefore be on your side?
Please can you tell me which colour you would like to be so I can buy my side the right colour T-shirts??
Why would someone be in a tag team because they DARE to challenge your views or statistics??
I can presume that anyone who agrees with your statements must therefore be on your side?
Please can you tell me which colour you would like to be so I can buy my side the right colour T-shirts??
Come on guys stop going so personal or I will have to say something to get the thread closed
Feb 8th 2010, 9:56 pm
#139
Guest
Posts: n/a
Re: Housing bubble in Australia
WTF are you talking about.....Tag team?
Why would someone be in a tag team because they DARE to challenge your views or statistics??
I can presume that anyone who agrees with your statements must therefore be on your side?
Please can you tell me which colour you would like to be so I can buy my side the right colour T-shirts??
Why would someone be in a tag team because they DARE to challenge your views or statistics??
I can presume that anyone who agrees with your statements must therefore be on your side?
Please can you tell me which colour you would like to be so I can buy my side the right colour T-shirts??
One of you said sideways, I said almost, one of you said how can it be almost, so I explained for you that going up a 'bit' was the difference to sideways.
What's the problem ?
Best not to presume to much. Presumptions can be wrong.
Feb 8th 2010, 10:05 pm
#141
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Housing bubble in Australia
Average, median or whatever. The thing is, property is way overpriced and people are stretching themselves beyond their means just to get on the ladder. Banks are lending 6-7 times salary to enable this therefore inflating the bubble. The Gov't helped with their boost and by relaxing foreign investment laws.
If it wasn't for the MASSIVE Gov't Stimulus, Australia would have been in recession for the past 3/4 's at least. Signs of it are starting to appear in figures being released now.
If it wasn't for the MASSIVE Gov't Stimulus, Australia would have been in recession for the past 3/4 's at least. Signs of it are starting to appear in figures being released now.
Or is this merely your opinion?
I can prove quite easily to you that "property is not overpriced".
Feb 8th 2010, 10:21 pm
#143
Joined: Jan 2005
Location: Asia Pacific
Posts: 4,922
Re: Housing bubble in Australia
When property is overpriced then the houses don't sell ? A wild stab in the dark with the basic of economic truths imo. Housing is a market just like any other and the market decides what is over priced or not.
Feb 8th 2010, 10:28 pm
#144
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Housing bubble in Australia
I agree with your statement... Some individual properties are overpriced. Your position is different from swigski's.
Feb 8th 2010, 10:30 pm
#145
BE Enthusiast
Joined: Nov 2009
Location: Dullsville
Posts: 672
Re: Housing bubble in Australia
This is the opinion of the Reserve Bank, whose opinion I'd rate over yours Aspirilla.
Reserve Bank warns of housing market bubble risk Scott Murdoch July 28, 2009
RESERVE Bank governor Glenn Stevens has warned Australia is at risk of a property market bubble, with prices inflated by the low cost of finance and a reduced supply of new housing.
In a speech in Sydney today, Mr Stevens said at a time of rising unemployment it would be “disturbing” for policy makers if there was not more supply coming on to the market which would ensure prices remained under control.
RESERVE Bank governor Glenn Stevens has warned Australia is at risk of a property market bubble, with prices inflated by the low cost of finance and a reduced supply of new housing.
In a speech in Sydney today, Mr Stevens said at a time of rising unemployment it would be “disturbing” for policy makers if there was not more supply coming on to the market which would ensure prices remained under control.
Feb 8th 2010, 10:38 pm
#146
Guest
Posts: n/a
Re: Housing bubble in Australia
The governor of the Reserve Bank of Australia said this back in July .....,
This is the opinion of the Reserve Bank, whose opinion I'd rate over yours Aspirilla.
http://www.theaustralian.com.au/news...-1225755525064
This is the opinion of the Reserve Bank, whose opinion I'd rate over yours Aspirilla.
http://www.theaustralian.com.au/news...-1225755525064
“arrears rates on the bulk of mortgages remain very low by historical and international standards.
“In fact, across some portfolios arrears rates have declined in recent months.”
“In fact, across some portfolios arrears rates have declined in recent months.”
Has it happened ?
Feb 8th 2010, 10:55 pm
#147
BE Enthusiast
Joined: May 2005
Location: Bay Of Plenty
Posts: 797
Re: Housing bubble in Australia
I did not know there was a bubble in the first place
Feb 8th 2010, 10:58 pm
#148
Account Open
Joined: Jan 2005
Location: Brisbane
Posts: 4,298
Re: Housing bubble in Australia
Clearly you haven't even read the article.
Feb 8th 2010, 11:00 pm
#149
BE Enthusiast
Joined: Jul 2009
Posts: 593
Re: Housing bubble in Australia
Bubbles can only happen when the majority of the population can't see them forming. Like now.
Problem you've got is a lot of people buying houses now have grown up with very low interest rates, so they have no conception of what 12% rates for 12 months can do to their finances.
Problem you've got is a lot of people buying houses now have grown up with very low interest rates, so they have no conception of what 12% rates for 12 months can do to their finances.
Feb 8th 2010, 11:23 pm
#150
Guest
Posts: n/a
Re: Housing bubble in Australia
Bubbles can only happen when the majority of the population can't see them forming. Like now.
Problem you've got is a lot of people buying houses now have grown up with very low interest rates, so they have no conception of what 12% rates for 12 months can do to their finances.
Problem you've got is a lot of people buying houses now have grown up with very low interest rates, so they have no conception of what 12% rates for 12 months can do to their finances.
eg: In January 2010 only 12.9% of all new mortgages were to First Home Buyers.