Housing bubble in Australia
#61
Guest
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Re: Housing bubble in Australia
RIGHTO - back to the crystal ball predictions on what's going to happen to property.
'Demand for home Loans Dive in January'
'Demand for home Loans Dive in January'
Decline in Mortgages issued:
Down 12% Sept 09 to Oct-09
Down 8% Oct 09 to Nov-09
Down 21% Nov 09 to Dec-09
Down 15% Dec 09 to Jan-10
Total drop from Sept 2009 - Jan 2010 = 45%
Mortgage sales increased from Sept 2008 to Sept 2009 by 29.6%
Mortgage sales De-creased from Jan 2009 to Jan 2010 by 21.1%
So this big drop that is being reported, is when compared to the September Peak.
However, the January 2010 numbers do appear to be at the lowest they have been for at least 3 years.
BUT... Mortgages issued to investors comparing Jan 2009 and Jan 2010 has actually risen slightly !
#62
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Can I ask you ABC Diamond, whether you still are as confident now as you were back in Oct/Nov that Australia will avoid going into recession in the early months of 2010 like I predicted?
#67
Guest
Posts: n/a
Re: Housing bubble in Australia
Last Five days US market
+15.32
+14.13
- 6.04
-34.17
+ 3.08
Total change = down 7.68 on a 1,080 base = -0.711%
or 7 cents lost for every $108.00
I don't see that as a crash as such.
Sat 6th Feb 2010
+15.32
+14.13
- 6.04
-34.17
+ 3.08
Total change = down 7.68 on a 1,080 base = -0.711%
or 7 cents lost for every $108.00
I don't see that as a crash as such.
Sat 6th Feb 2010
New York - US stock indices rose Friday across the board, nudging into positive territory after dipping down with worries over budget deficits in individual European countries. The upswing on the Dow Jones Industrial Average came in the final hour of trading, when it emerged that the European Union may propose a solution for Greece's deficit, Bloomberg financial news service reported.
The blue chip Dow Jones Industrial Average climbed 10.05 points or 0.1 per cent to 10,012.23. The broader Standard & Poor's 500 Index climbed 3.08 points or 0.29 per cent to 1,066.19. The technology-heavy Nasdaq Composite Index climbed 15.69 points or 0.74 per cent to 2,141.12.
The picture was less positive in Europe, where the FTSE lost 1.53 per cent, France's CAC declined 3.4 per cent and Germany's DAX shed 1.79 per cent.
http://www.earthtimes.org/articles/s...#ixzz0eilEwsIQ
The blue chip Dow Jones Industrial Average climbed 10.05 points or 0.1 per cent to 10,012.23. The broader Standard & Poor's 500 Index climbed 3.08 points or 0.29 per cent to 1,066.19. The technology-heavy Nasdaq Composite Index climbed 15.69 points or 0.74 per cent to 2,141.12.
The picture was less positive in Europe, where the FTSE lost 1.53 per cent, France's CAC declined 3.4 per cent and Germany's DAX shed 1.79 per cent.
http://www.earthtimes.org/articles/s...#ixzz0eilEwsIQ
#68
Guest
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Re: Housing bubble in Australia
From the Financial Times....
US consumer credit uncrunched?
9:11pm Something to celebrate, surely? Consumer debt shrank by a palty $1.7bn in December, the smallest contraction since last February and way below the $9bn contraction expected by economists....
Wobble? What wobble?
8:38pm Or, “Who cares about Portugal/Greece/Spain/Italy/UK ?”Or, “It was a fat finger in WTI; never seen a computerised trading glitch?”Or, “Gold is a very small market;...
US consumer credit uncrunched?
9:11pm Something to celebrate, surely? Consumer debt shrank by a palty $1.7bn in December, the smallest contraction since last February and way below the $9bn contraction expected by economists....
Wobble? What wobble?
8:38pm Or, “Who cares about Portugal/Greece/Spain/Italy/UK ?”Or, “It was a fat finger in WTI; never seen a computerised trading glitch?”Or, “Gold is a very small market;...
#69
Re: Housing bubble in Australia
A market used as a leading indicator of other market sentiment.
None the less Australia has resources to enable it to take action in a floundering global economy. What has the UK and Europe?
Why are asian markets so important? Its because they go from bust to boom in about 0.001 nano seconds. Australia has 70% of its trade with them
American greed will ignite economic stimulus. I saw more pompous culture in UK and Europe too much old money rather than blood and sweat.
My observations anyway.
None the less Australia has resources to enable it to take action in a floundering global economy. What has the UK and Europe?
Why are asian markets so important? Its because they go from bust to boom in about 0.001 nano seconds. Australia has 70% of its trade with them
American greed will ignite economic stimulus. I saw more pompous culture in UK and Europe too much old money rather than blood and sweat.
My observations anyway.
#70
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
I do not have the time to trawl through all your posts or the inclination.
Your responses to my statements around Oct/Nov last year, when I stated that Australia would have it's recession around Feb/Mar 2010, certainly made it obvious that you believed this most definitely would not happen and I seem to remember you posting stats at some time too
You could always just answer the question?
Your responses to my statements around Oct/Nov last year, when I stated that Australia would have it's recession around Feb/Mar 2010, certainly made it obvious that you believed this most definitely would not happen and I seem to remember you posting stats at some time too
You could always just answer the question?
#71
Guest
Posts: n/a
Re: Housing bubble in Australia
I do not have the time to trawl through all your posts or the inclination.
Your responses to my statements around Oct/Nov last year, when I stated that Australia would have it's recession around Feb/Mar 2010, certainly made it obvious that you believed this most definitely would not happen and I seem to remember you posting stats at some time too
You could always just answer the question?
Your responses to my statements around Oct/Nov last year, when I stated that Australia would have it's recession around Feb/Mar 2010, certainly made it obvious that you believed this most definitely would not happen and I seem to remember you posting stats at some time too
You could always just answer the question?
Do you still agree with what you said about July 2008 time ?
#72
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Financial meltdown
- $31b wiped off the local share market
- 2.4% loss on All Ordinaries on the day
- 1.5c how much the Australian dollar lost against the US dollar
- 3 European countries remain on the financial brink including Spain, Portugal and Greece
- $144b in market losses since the January high
- 4,532.50 All Ords closed down 111.60 points or -2.40% yesterday
- $15b in superannuation lost on the day
- $31b wiped off the local share market
- 2.4% loss on All Ordinaries on the day
- 1.5c how much the Australian dollar lost against the US dollar
- 3 European countries remain on the financial brink including Spain, Portugal and Greece
- $144b in market losses since the January high
- 4,532.50 All Ords closed down 111.60 points or -2.40% yesterday
- $15b in superannuation lost on the day
#73
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Housing bubble in Australia
Financial meltdown
- $31b wiped off the local share market
- 2.4% loss on All Ordinaries on the day
- 1.5c how much the Australian dollar lost against the US dollar
- 3 European countries remain on the financial brink including Spain, Portugal and Greece
- $144b in market losses since the January high
- 4,532.50 All Ords closed down 111.60 points or -2.40% yesterday
- $15b in superannuation lost on the day
- $31b wiped off the local share market
- 2.4% loss on All Ordinaries on the day
- 1.5c how much the Australian dollar lost against the US dollar
- 3 European countries remain on the financial brink including Spain, Portugal and Greece
- $144b in market losses since the January high
- 4,532.50 All Ords closed down 111.60 points or -2.40% yesterday
- $15b in superannuation lost on the day
#74
Guest
Posts: n/a
Re: Housing bubble in Australia
You mean the Australian Stock market ?
Australian All Ordinaries Index
Or is there another one ?
The 2007-2008 one was a crash, after a massive rise.
This last one is a blip in comparison to what Australia endured in 2007-08.
We had four of those "blips", or 'crashes' if you prefer, in the big rise from 2003-2007.
Australian All Ordinaries Index
Or is there another one ?
The 2007-2008 one was a crash, after a massive rise.
This last one is a blip in comparison to what Australia endured in 2007-08.
We had four of those "blips", or 'crashes' if you prefer, in the big rise from 2003-2007.
#75
Banned
Joined: May 2007
Location: Sydney
Posts: 564
Re: Housing bubble in Australia
Unless of course, you can quote me?