hevs

He was a fox love

Amazulu

A fox? F**k me I just learned something!

balkanghost

Latest news and comments on Oz property:

"Property market safe as houses?"

http://theage.domain.com.au/blogs/do...ts=23#comments

and major driver of population growth, i.e. international students and dependents:

"Overseas student numbers dwindle"

http://www.abc.net.au/7.30/content/2011/s3190817.htm

this will continue well into future....

BadgeIsBack

Some people make a living out of buying and selling houses - I remember a bloke who worked as a low-paid worker in a council office who did well long before the last boom. In 2002 I used to see people in Sydney pouring over spreadsheets working out where the next growth areas were.

You get people like Hup and Hevs who think about what they are doing.

But alot of people made a lot of money out of property by default the last 15 years. I was one to make a bit of profit but it wasn't planned - infact I curtailed my expectations and accepted a degree of realism.
I also know there were people who missed out by no real fault of their own and for some, it smarts. Not everyone can be ready to buy a home - yet have a plan to try to address it- but miss it by 18 months. There's a part of me that sees this as a travesty - perhaps I have a social conscience!

Steve2009

There are also those that have got destroyed by property investment, and those ruined by overly ambitious home purchases. Just mentioning them for balance.

hevs

Yep, one of my oldest friends has just gone bankrupt in the UK, poor bugger

Thanks Badge...we try our best and learn something new everytime (I'm an ace tiler now I'll have you know )

BadgeIsBack

And I admire you. I like being hands on - but I have decided that at this stage of our lives I won't tackle certain projects. Partly because I am lazy at certain specialisations, and probably rubbish at others but time can solve this. I can do joinery though - if the young lad would bring back the effing hammer...

There are rooms in this house we haven't touched that would have been DIYed to death by others - we haven't because we realised that a painting on one wall was all it required. There's a part of me that considers DIY even a bit of a bore... Splashback this...stone that...our kitchen's alright but then we like it. Easy for us to say!

Whilst you're on - give us a number of a cabinet maker/producer would you - (PM?). For the laundry. Needs doing really. Space and function, not form.

Margaret3

think alot of it is where you come from in the first place, i am not making excuses for myself, i came (and hubby), came from a family where no one owned thier own home, people counted themselves lucky to have a job, we also lived most of our lives in Kilmarnock (famous for the BBC 'The Scheme', so not much money around that town, think we made an equity on our our home of abour 30,000 pounds when we sold, after living there for 15 years, we bought our first flat in the recession of the 80's.

One of the things i have learned throuhg this whole emigration thing is how poor (we, our family and friends were/are, and i dont mean material, just poor in life experiences), I wish i had moved to England (sssshhhhh dont let the other scots here me say that), when I was younger. We moved to Australia a bit too late in life, however what e have learned, hopefully we will be able to help our children make better life choices than us.

These are the breaks, we call come from somewhere and life is but a lottery (feeling very philsophical today!)

odyssey

for space and function, not form you cant go past IKEA BESTA. i just did my laundry and its great. I am not an IKEA snob anyway but I was really quite surprised at the sturdiness of that BESTA range. I had a cabinet maker make my bathroom ones for a funny shaped space but wish I had tried the other option and had just a backpacker carpenter fit it for me.


I love british tradesmen backpackers - they rock!

BadgeIsBack

Thanks for the Ikea tip - we like Ikea - seems the tip is that it's Ok as long as you don't do the whole house in it but I'm quite partial to a design with Scandinavian influence. I also prefer it to just about any other current trend or variation of Hardly Normal or mall.

Steve2009

I some how doubt this is the case, but if it is then it would likely be game over in my opinion:
http://www.brisbanetimes.com.au/mone...419-1dme7.html

Rambi

Dammed if they do, dammed if they don't.

Some people complain that easy lending is going to cause a boom and bust. Other complain that tighter lending is going to cause a bust.

It's like climate science for doomsters.

Steve2009

There is no problem with easy lending as long as you never run out of money and never have to tighten up. The tightening of lending conditions don't cause the bust, the preceding easy credit does. No boom, no bust.

Rambi

Surely if there is a tightening of something it would have been looser (or easier) before the tightening.

Steve2009

Absolutely, if there's no party then there's no hangover.