mr mover

But the us& uk dont have huge reserves of Uranium, Copper, Iron ore , lead , zinc ,Bauxite, mineral sands etc ......Australia is now part of Asia and what Asia wants we will sell them.............mm

Tableland

Yes this is true. But Canada exports large quantities of raw materials and BC is particular has lost a good percentage off house prices already. So the exports won't save the Australian market. As for Asia, this won't save the Australian market for two reasons. First, Asia has money to buy Australian commodities and raw materials because Americans pay them lots for the junk they make. Americans have now stopped passing this money to Asia because the US is slipping into recession. Second, Asia itself is struggling to weather this global credit storm, and the Shanghai Composite has lost a massive 50% of its value in the last 12 months.

While I agree that Australia is better placed to deal with this mess than the UK, Australian housing stock is more over-valued than UK housing, and the Australian housing market will crash just like every other Western housing market, and it will happen inside the next two years.

bluekipper

We lived in Adelaide,its a lovely place, however we struggled for work, there are plenty of jobs,but getting one is another story! I found Adelaide quite friendly,spacious,clean and very very quiet. Good place to start but best to get out and travel around some other states to compare.

Good Luck
Bluekipper

skoots76

Hi All,

Sorry just really wanted to jump on this thread. The OH and I are moving over to Adelaide this time next year and any info i can pick up off this thread would be very helpfull.

Regards Ian

DinkyDi

Please explain how increasing interest rates will dampen inflation which is caused by global increases in oil prices, rising food costs caused by protectionist trade policies and mismanagement of water resources, and the unwillingness of retailers to pass on the savings created by a strong AUS$ to the consumer.

There is demand driven inflation and supply driven inflation and he current problem is driven by by supply, not demand.

Whilst you may be correct that interest rates will be increased to reign in inflation, that act more than anything else will lead to a drop in Australian house prices.

Tableland

Higher interest rates means less money kicking around. It's no good looking for solutions in water management or trade policies because these will never change. Oil is high so inflation is high, also Westerners have been dining out on imaginary money for too long. Interest rates will go up, house prices will go down. Do we disagree?

Tableland

mr mover,

You might be interested in this:

http://www.theaustralian.news.com.au...6-2702,00.html

Worst stats since great depression. Expect at least 30% off the value of the average Australian home, like I said months ago.

mr mover

As a relocator/removalist 1992 was one of my best years , in recession the removal industry ,generally booms , people vote with their feet, interstate moves ,overseas moves pick up....as people "jocky" for position.........bring it on.....mm

Tableland

I'm sure you will be fine, yes. Many professions are. The problem is the issue of hyperinflation turning to long-tern deflation and the general carnage this will bring to wider society.

mr mover

I,m a baby boomer and have seen some harrowing times over the past 40 years......as long as you maintain your health, your wealth will look after its self...............mm

Tableland

Let's hope so. And your avatar is freaking me out BTW.

mr mover

It freaks you out more when he comes at you and the toy {teeth] are squeaking...............mm