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Forum: Australia
Apr 1st 2011, 12:48 am
Replies: 1,008
Views: 103,608
Posted By TKline

Exclamation Re: The Great Australian Property Swindle

This week we have some very big news in Australia that I thought you all might be interested in discussing.

More and more Australians are giving up on overpriced housing in their home country and...
Forum: Australia
Jan 21st 2011, 9:41 pm
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Spot on, immigration has fallen off a cliff!
Forum: Australia
Jan 21st 2011, 9:36 pm
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Please, don't even think about buying a house in Australia!

House Price Crash Australia 2011 (http://s4.zetaboards.com/Australian_Property/blog/main/3247452)
Forum: Australia
Dec 23rd 2010, 8:19 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Spot on! You are absolutely spot on about peak debt / peak credit.


Here's a great blog post about the peak credit situation:

Peak Credit / Peak Debt...
Forum: Australia
Dec 20th 2010, 11:16 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Fudged figures? From both sides.....
Forum: Australia
Dec 20th 2010, 4:59 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

But the unreported rate is 20%! That clearance rate for Melb will be revised downwards (quietly) as the unreported results trickle in. Of course they never tell people this, they just publish the...
Forum: Australia
Dec 16th 2010, 11:10 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

LOL. They are running out fast. Stock on the market is building rapidly. Funny enough, the "shortage" of houses is vanishing just like it did in the USA, Ireland, Spain, UK etc etc etc ;)
Forum: Australia
Dec 16th 2010, 11:02 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Property prices all over the world are/were in a bubble. The bubble burst in most countries and hasn't hit Australia yet because of artificial govt stimulus, govt debt funded handouts, vendor boosts...
Forum: Australia
Dec 16th 2010, 10:45 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Its a ponzi scheme because it relies on eternal capital gains and a never ending supply of greater fools willing to buy at even high prices than the last fools!
Forum: Australia
Dec 9th 2010, 2:41 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Well it's government census data so should be accurate. At the end of the day there are lots of houses being held for speculative gain. I don't know why the postal redirection figures are different...
Forum: Australia
Dec 9th 2010, 12:47 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Yes, here's some useful reading.....

Australian housing shortage myth (http://cij.inspiriting.com/?p=458#)

Australian Housing Bubble article on Associated Content...
Forum: Australia
Dec 8th 2010, 7:31 pm
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

You'd think so, but in actual fact the last census showed most of these houses were in the main cities! When houses prices are going up people buy more houses than they need in a speculative gamble...
Forum: Australia
Dec 8th 2010, 10:44 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

There's already an enormous oversupply of more than 800,000 empty houses in Australia. Australia has been overbuilding for many years. When the SHTF these empty dwellings will flood onto the market...
Forum: Australia
Dec 7th 2010, 9:11 am
Replies: 1,008
Views: 103,608
Posted By TKline

Re: The Great Australian Property Swindle

Steve Keen had an enlightening interview on ABC show "The Drum" yesterday. You can see a link to it here:
http://www.abc.net.au/iview/?series=2955433#/series/2955433

Cheers,

Tom Kline.
Showing results 1 to 14 of 14


 
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