The Great Australian Property Swindle
#963
Lifestyle Development
Joined: May 2007
Location: Budapest, Melbourne, Yarrawonga & Antalya
Posts: 353
Re: The Great Australian Property Swindle
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....
"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....
#964
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: The Great Australian Property Swindle
Negative gearing is a great success if you manage to get on the property market in the first place, as for rents, I often wonder how most people manage, both of us working full-time, two kids. I dont find the rent particularly cheap.
However the magnificient thing about it all becoming so expensive here, is hubby is grumbling like mad, and dropping comments about returning to the u.k, so pleas australia , let your rents, houseprices, cost of living continue to rise and i could have me fat arse back in Scotland soon!
However the magnificient thing about it all becoming so expensive here, is hubby is grumbling like mad, and dropping comments about returning to the u.k, so pleas australia , let your rents, houseprices, cost of living continue to rise and i could have me fat arse back in Scotland soon!
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!
Last edited by BadgeIsBack; Apr 17th 2011 at 10:25 am.
#965
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
There are also those that have got destroyed by property investment, and those ruined by overly ambitious home purchases. Just mentioning them for balance.
#966
Re: The Great Australian Property Swindle
Thanks Badge...we try our best and learn something new everytime (I'm an ace tiler now I'll have you know )
#967
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: The Great Australian Property Swindle
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.
#968
Account Closed
Joined: Sep 2006
Posts: 4,374
Re: The Great Australian Property Swindle
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!
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!
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!)
Last edited by Margaret3; Apr 18th 2011 at 2:31 am.
#969
BE Enthusiast
Joined: Feb 2010
Posts: 666
Re: The Great Australian Property Swindle
I love british tradesmen backpackers - they rock!
#970
Lost in BE Cyberspace
Joined: Oct 2005
Location: Hill overlooking the SE Melbourne suburbs
Posts: 16,622
Re: The Great Australian Property Swindle
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!
I love british tradesmen backpackers - they rock!
#971
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
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
http://www.brisbanetimes.com.au/mone...419-1dme7.html
#972
Re: The Great Australian Property Swindle
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
http://www.brisbanetimes.com.au/mone...419-1dme7.html
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.
#973
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: The Great Australian Property Swindle
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.
#974
Re: The Great Australian Property Swindle
Surely if there is a tightening of something it would have been looser (or easier) before the tightening.