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Search: Posts Made By: pomtastic
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Forum: Australia
Dec 23rd 2010, 3:03 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

It's already starting in the weak sectors of the market and will spread IMO. SW WA is struggling with 20-30% off of the peak. The Melbourne apartment market is overbuilt, prices starting to come off...
Forum: Australia
Dec 20th 2010, 8:05 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

The UK's economy grew at a better rate than Australia's in the last GDP Sept quarter. Approx, Aus +.02, UK +0.8 from the top of my head.

UK= austerity, job losses, weak £, rioting
Aus= commodity...
Forum: Australia
Dec 15th 2010, 11:34 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Well done for having the time to trawl through my old posts - good God, oh to be a student again!!. I don't have that luxury, as running my own home business takes up time and effort and I'm a bit...
Forum: Australia
Dec 14th 2010, 2:25 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Vash, do you honestly think you could come to Australia today and be able to buy a house and live off of $40K a year? Not a hope in hell. You've said before that your UK rent pays for the UK...
Forum: Australia
Dec 13th 2010, 12:32 pm
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

That just highlights what a joke prices are here. People will say it's only a 2 bed flat but you wouldn't need a big property in London, too much to see and do and no need to entertain indoors as...
Forum: Australia
Dec 13th 2010, 12:14 pm
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Yep, it's almost impossible to pick the top after 20-40 years (depending on what chart you look at) of constant gains but the fact remains - Aus house prices are expensive to incomes and will...
Forum: Australia
Dec 13th 2010, 11:56 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Do you want search the Irish headlines? they'll be almost identical to your effort.
Forum: Australia
Dec 13th 2010, 11:53 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Good God Vash, excellent effort!! You bloody students obviously have too much time on your hands!! :lol:
Forum: Australia
Dec 13th 2010, 2:48 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Perth property market 'Worst in 10 years' .....

http://www.watoday.com.au/wa-news/perth-property-market-worst-in-10-years-20101206-18ma0.html

Listings in Perth are 21,000 now. 10,000 - 11,000...
Forum: Australia
Dec 6th 2010, 7:43 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

In Australia, every 3rd tool buys an investment property. It's not unusual to find a bank clerk on $60K a year who has a 'portfolio' (love that expression) of 4-5 houses, all pyramided up. It's so...
Forum: Australia
Dec 5th 2010, 12:51 pm
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Too true wilf70. I've seen the similarities for a while now. The tide is turning in Australia so there are those who are prepared and those who ain't and keep the blindfolds on.

Zerohedge is ace,...
Forum: Australia
Dec 5th 2010, 12:33 pm
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Yes, why should you care? Yes why so passionate Vash?
Forum: Australia
Dec 5th 2010, 12:21 pm
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Yep, as I said, the market is on it's first stages of tanking like Ireland, Spain before it. Glad you can see the similarities. The falls will speed up when the numpties realsie they are holding...
Forum: Australia
Dec 5th 2010, 12:48 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Errr, the Perth price correction is actually happening right now, 9 months of straight price falls.

Perth has an oversupply of 38% of homes for sale and yet the HIA were saying that we had a...
Forum: Australia
Dec 3rd 2010, 9:58 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

You've missed out the large financial donaters to the political parties here in Australia. Developers, big businesses are amongst the most generous, hence the continuous drive for a growing big...
Forum: Australia
Dec 3rd 2010, 9:46 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

I don't take the opinion of any 'one' view, I DYOR - do your own research.

Steve Keen doesn't have a vested interest, that is, he's not an economist who works for Westpac, Commonwealth, NAB, etc...
Forum: Australia
Dec 2nd 2010, 7:59 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

OK, who do you admire, trust, respect for their financial views, please share?

What about Jeremy Grantham? Views?
Forum: Australia
Dec 1st 2010, 8:15 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: Perth property fall continues

RPData's website is saying median in Perth is $460K now. Newspapers are reporting $480K. Not sure if this is combined unit and house price or just house price - anyway, doesn't matter the trend is...
Forum: Australia
Dec 1st 2010, 8:13 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Peak debt, Australia is no different. House prices have gone up because of cheap debt and the socialisation of debt. Rememeber when bank managers used to say NO, NO, NO!! Unfortunately, they've...
Forum: Australia
Dec 1st 2010, 8:09 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Superb 1st post Aroche!

I am not Irish but have the ability to Google old Irish newspaper articles and reports and yes, Australia is uncannily like Ireland. It's almost deja vu reading Irish...
Forum: Australia
Nov 30th 2010, 11:19 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: Perth property fall continues

Check out Perth Now's report.

As I've said in the past on BE, the outer suburbs are a mini California here, waiting to bust and it looks like the media is finally admitting to it as they can't...
Forum: Australia
Nov 30th 2010, 11:12 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

The Govt stepped in and gave unprecedented aid to the housing market through grants/bribes and 50 year low interest rates. They saw what happened to Ireland, Spain and US and prevented the same...
Forum: Australia
Nov 30th 2010, 10:54 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Monthly prices changes in Perth taken from RP Data. As I said, the ninth monthly drop in a row.
Forum: Australia
Nov 30th 2010, 5:04 am
Replies: 1,008
Views: 103,158
Posted By pomtastic

Re: The Great Australian Property Swindle

Bubble has burst in Perth. As I said, the weakest links go first. The writing was on the wall as clear as day here in Perth.

9 months of continuous drops for Perth - ho hum. Glad I sold up,...
Showing results 1 to 24 of 24


 
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