They are low by modern Australian standards (i.e. compared to the 70s, 80s and 90s), but they are still at levels consistent with most of the past 160+ years.
I'm using the standard dictionary definition, and gave several examples at the beginning of our discussion.
I'm not sure why you ended up getting so lost and asking me what I meant by stimulus when I had already explained.
— n , pl -li 1. something that stimulates or acts as an incentive
I have never said interest rates are not low. I have said they are not at historic/unprecedented/emergency/artificial lows.
Rates are low, but they have also been this low for very long periods of time in the past.
Why does your cherry picked graph of fun and interest rates only go to 2005. Did you not want people to see the truth.
When its convenient , you dwell on your period from 2003. And remember here , prices nearly doubled since 2000, And my two Sydney properties were doubling in value, you were yet to enter the market. And your what, a few years younger than me. You can see here , how you missed the boat shadow and have been paying interest only on your house purchase in 2005 and then your ip purchase in 2009. I owned ppor and ip long before you had anything at all. Now all you have is debt.
Anyway , now you want to tell is about 160 years ago when referreing to interest rates.
The fact is , interest rates are at record lows, by any measure. And see ing want to talk about 160 years , let's just go back half that to another couple of FACTS. The first being, interest rates have not been this low since the great depression , which leads us to the second fact, and that's because things have not been this bad since the great depression.
we have now reached this peak from which rental prices will not only no longer grow, but they will start falling. And they will start falling to levels that will be historic falls in rental prices for Australia.
What we are about to witness in all capitals, will be historic rental price declines.
It's been a year since you posted that Ted, and rents are up nearly everywhere for the year.
So when is this big collapse in rents going to start Ted... next year?
Canberra rose this year, up a whole 0.4% (woo hoo) But it's down over the past 3 years by a whopping 10%+ As usual shadow cherry picks a period that makes it look like rents are rising but they are falling in nominal terms and collapsing in real terms. Gains of 0.4%, 1.3%, and 1.2% for Brisbane, are so far below the inflation rate it's laughable. These assets are no longer self liquidating and in many cases the yield doesn't even cover the interest repayments agents fees and maintenance. Fail Fail Fail.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works." John Stuart Mill
Shadow, your all over the place with this set of claims... your not making any sense at all
Quote:
two years ago
Quote:
This was in 2012
2 years ago is not 2012
Quote:
and gold is down 30%.
Care to post the AUD gold price that matches the dates you claim ted did this... are you continuing to use USD for the price of gold but AUD for the price of property
we are now at a historical point in Australian history, from which rental prices can no longer grow. Not only can they no longer grow, but they cannot be sustained. And for this reason they will fall.
The dawning of reality has arrived.
Rents now TANKING in two capitals , the rest WILL follow . All rocket science , or explained clear as day long ago ?
Rents now TANKING in two capitals , the rest WILL follow . All rocket science , or explained clear as day long ago ?
Earth calling idiot! Earth calling idiot! Two years ago you said
MMM
it would now appear that we have now reached this peak from which rental prices will not only no longer grow, but they will start falling. And they will start falling to levels that will be historic falls in rental prices for Australia.
So we are now at a historical point in Australian history, from which rental prices can no longer grow. Not only can they no longer grow, but they cannot be sustained. And for this reason they will fall.
And then you claim you were right by posting a dumb chart 2 years later showing rents still rising in most of Oz.
The dumb is strong with this one. Are you clinically brain dead?
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