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Re: Blocks of Land in Perth
Originally Posted by renth
Here's the first one:
http://www.news.com.au/story/0,10117...08-462,00.html Reserve lifts interest rates :D Jeez my crystal ball is good today :D |
Re: Blocks of Land in Perth
Latest on the acerage front, the feral dump with potential didnt have potential. it did however have re- zoning opposite for hundreds of universty student accomodation units :scared:
Now interest rates have risen might be a bit more stock come up, maybe... |
Re: Blocks of Land in Perth
Originally Posted by jad n rich
Latest on the acerage front, the feral dump with potential didnt have potential. it did however have re- zoning opposite for hundreds of universty student accomodation units :scared:
Now interest rates have risen might be a bit more stock come up, maybe... |
Re: Blocks of Land in Perth
Originally Posted by renth
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Re: Blocks of Land in Perth
The stamp duty will pay for a nice extension on our 3x2. Extension being 4th bedroom+ensuite, study.
We may as well stay put. |
Re: Blocks of Land in Perth
Originally Posted by renth
Whats more, the beachside lots at this particular estate are only 50 metres from the beach. Sounds great doesn't it? until you learn the beach in this particular spot erodes back on average 1 metre per year. So in 50 years or sooner these houses will be falling in to the sea. :scared:
It is worrying, this economy thing. I'm nearing the end of my first year's contract and need to secure another one (rather than a permanent job) to cover domestic outgoings. This should be OK in the current WA economy, but when a downturn finally hits? We probably brought less capital from the UK than many, but the prospect of renting for years on end was depressing. At least what we did invest in bricks and mortar should be growing at a reasonable rate. |
Re: Blocks of Land in Perth
Staying with the interest rate theme... a closer look at the implications:
Interest rate blow for homeowners The Reserve Bank has been caught on the hop by inflationary pressures and raised official interest rates in response. [...] Chief economist at Westpac Bill Evans says the rate rise will have limited impact on Western Australia's booming economy. "I think the housing market in Western Australia will take it in their stride," he said. "But in other parts of the country, particularly in New South Wales, where the consumer has been what I would call fragile and the housing market has started to show a little bit of a recovery, I think will have quite a negative impact. [...] The housing industry says the interest rate rise is a substantial blow and is calling the move unwelcome and unjustified. The group represents all those involved in residential building and Simon Tennent says the rate rise adds around $40 a month to mortgage payments and will push many people back out of the market. "It's going to price thousands of families out of the market, who are already marginal, and it's certainly going to be a blow to the building industry." |
Re: Blocks of Land in Perth
Originally Posted by Vash the Stampede
Staying with the interest rate theme... a closer look at the implications:
Interest rate blow for homeowners The Reserve Bank has been caught on the hop by inflationary pressures and raised official interest rates in response. [...] Chief economist at Westpac Bill Evans says the rate rise will have limited impact on Western Australia's booming economy. "I think the housing market in Western Australia will take it in their stride," he said. "But in other parts of the country, particularly in New South Wales, where the consumer has been what I would call fragile and the housing market has started to show a little bit of a recovery, I think will have quite a negative impact. [...] The housing industry says the interest rate rise is a substantial blow and is calling the move unwelcome and unjustified. The group represents all those involved in residential building and Simon Tennent says the rate rise adds around $40 a month to mortgage payments and will push many people back out of the market. "It's going to price thousands of families out of the market, who are already marginal, and it's certainly going to be a blow to the building industry." I don;t think the risw ill have a huge effect in WA, it may slow things down a little, but i think the rising petrol costs are more of a worry for most people. I filled up old herman yesterday arvo, he was running on vapour and i filled him till he could take no more .... $103.... what a bloody nightmare. Petrol prices have virtually doubled since i've lived here and that is very :scared: :eek: :scared: Lynn |
Re: Blocks of Land in Perth
Originally Posted by movetoperth
...Petrol prices have virtually doubled since i've lived here and that is very :scared: :eek: :scared:
Lynn Still I hate to think how bad it must be in the UK now, is it over a pound per litre now? I'd definitely prefer $1:40 vs $2:40 ! I guess we're also lucky in that the public transport over here is so cheap and generally of a pretty good standard. |
Re: Blocks of Land in Perth
Originally Posted by movetoperth
I don;t think the risw ill have a huge effect in WA, it may slow things down a little, but i think the rising petrol costs are more of a worry for most people. I filled up old herman yesterday arvo, he was running on vapour and i filled him till he could take no more .... $103.... what a bloody nightmare. Petrol prices have virtually doubled since i've lived here and that is very :scared: :eek: :scared:
Lynn The knock on effect is already flowing throught to food, noticed just about everything we buy has gone up again this week :rolleyes: From what I have seen from 2003 the interest rates hit here very hard, add petrol and workplace reform where people no longer feel secure in their jobs and I think we are in for some nervous times. Plus watch the news tonight the media will be acting like interest rates had gone up $400 a month not $40 on the average loan, it is a really big thing here, its the one thing the media grabs onto and does a real doom and gloom job on. |
Re: Blocks of Land in Perth
Originally Posted by steve99
I know what you mean, I remember when we came over it was around the 75c per litre mark.
Still I hate to think how bad it must be in the UK now, is it over a pound per litre now? I'd definitely prefer $1:40 vs $2:40 ! I guess we're also lucky in that the public transport over here is so cheap and generally of a pretty good standard. Public transport is OK in most aussie cities, you dont need to go much further out than the inner suburbs tho to find virtually none tho. |
Re: Blocks of Land in Perth
Originally Posted by jad n rich
It was 88p in january, so on our scale of rises it should be well over pound a litre now!!
Public transport is OK in most aussie cities, you dont need to go much further out than the inner suburbs tho to find virtually none tho. It's been in the high 90s for months now. 95p is the average, but 97p is not ucommon. |
Re: Blocks of Land in Perth
Originally Posted by jad n rich
It was 88p in january, so on our scale of rises it should be well over pound a litre now!!
Public transport is OK in most aussie cities, you dont need to go much further out than the inner suburbs tho to find virtually none tho. |
Re: Blocks of Land in Perth
Originally Posted by Vash the Stampede
What do you class as an "inner city"?
Or maybe i should ask one of the mums in perth if that would be possible ;) |
Re: Blocks of Land in Perth
Originally Posted by jad n rich
Ok vash does public transport in perth go out to the suburbs, could say a woman with 2 kids exist without a car, shopping, school, work, after school activities? I know that in brisbane that would be pretty well impossible, unless you lived very close to the city. Up here one hour from the city it would be totally impossible in almost all suburbs I have seen.
Or maybe i should ask one of the mums in perth if that would be possible ;) |
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