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Get Up! End Negative Gearing & Property Buyer / First Home Buyer FHB Strike; 40,000 First Home Buyers On Strike - David Collyer
Topic Started: 16 Mar 2011, 08:59 AM (25,071 Views)
Sydneyite
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asya
1 Apr 2011, 05:18 PM
Strindberg
1 Apr 2011, 04:17 PM

[/i]

PS - there is no bubble. Incomes have risen faster than house prices since December 2003. Even Alan Kohler stated that on the ABC news. Australians are rich and prices are very affordable for working Australians. Brand new 3 bedroom detached places are available around Melbourne for under $300k. Detached houses which most of the world can only dream about are available in regional Australia for much less than $300k. Many suburbs of Sydney have detached houses available for less than $300k. Some people however think they deserve to live on Sydney harbour with a mooring.


OMG, please post the links for those bargains and I will quit the strike! What? Oh they don't exist. I didn't think so.
I for one am sick of looking at overpriced dumps.
Oh and by the way the nobody believes the old " there is no bubble " anymore. You should change strategies.
You obviously haven't looked - just search domain.com.au or realestate.com.au, there are hundreds! But they are not in Bondi, Annandale, or Mosman, so maybe that's why you haven't found them??
Edited by Sydneyite, 1 Apr 2011, 05:47 PM.
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Rastus2
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Strindberg
1 Apr 2011, 04:17 PM
What are the campaigners campaigning for?

media attention...
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Rastus2
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Strindberg
1 Apr 2011, 04:17 PM
What are the campaigners campaigning for?

Most houses, and all those that are for sale, are privately owned. Are the campaingers asking the government to make a new law which will force sellers to sell for a lower price than the buyers will pay? The price paid for a house is the result of an agreement between consenting adults. Why would you wish anyone to intervene in that process? If you want a house you have to compete with everyone else who wants a house. Are you too piss weak to accept competing with others? Do you want some favourable treatment so you can get something for nothing? The government already gives FHBs a big advantage. They give them MONEY towards a deposit and some states waive stamp duty. They don't even have to pay CGT when they sell.
The whole idea of a campaign is potty and appeals to the idle losers who are not prepared to put in the effort for their own home like everyone else does. You are either asking for government interference to make sellers sell for less than the market price or you are somehow imagining in your cuckoo world that this appeal will be heard by the house sellers who will respond with:
"Oh Jack, look at this campaign. I really think they are good people and deserve cheaper housing. Let's sell our house to them for half price. I know we had a firm offer last week of $1m but let's not be greedy. Let us sell it for $500k."


PS - there is no bubble. Incomes have risen faster than house prices since December 2003. Even Alan Kohler stated that on the ABC news. Australians are rich and prices are very affordable for working Australians. Brand new 3 bedroom detached places are available around Melbourne for under $300k. Detached houses which most of the world can only dream about are available in regional Australia for much less than $300k. Many suburbs of Sydney have detached houses available for less than $300k. Some people however think they deserve to live on Sydney harbour with a mooring.


btw, since houses are so affordable then I'm sure there will be no screams if interest rates rise...

Oddly enough, as soon as it looks like they might, out come the media campaigns about how tough mortgage belt is doing it and how any rise will be a disaster for real estate industry.

Bulls can't have it both ways...

it can't be both easily affordable and also not able to tolerate any rise in costs at all without collapse.
Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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asya
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Sydneyite
1 Apr 2011, 05:46 PM
You obviously haven't looked - just search domain.com.au or realestate.com.au, there are hundreds! But they are not in Bondi, Annandale, or Mosman, so maybe that's why you haven't found them??



I don't live in Sydney, so please tell me what suburbs I should look into for those prices, thanks. ( If possible family friendly)
Edited by asya, 1 Apr 2011, 07:27 PM.
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Yorke
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double post
Edited by Yorke, 1 Apr 2011, 11:17 PM.
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barns
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I thought the get-up campaign was an April fool's joke?!?!
“You Keep Using That Word, I Do Not Think It Means What You Think It Means” - Inigo Montoya
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Yorke
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Rastus2
1 Apr 2011, 12:43 AM


glad to hear you are onboard...

I hope you have voted for the getup campaign then :c)

(As you point out, it's going to be a huge boost to your income stream).


did better then that, my old GHPC socks insisted on voting as well. :laughing:


Quote:
 

btw... Obviously, someone who is investing in a basic H&L rental package could afford to do it cheaper than $1000 pw if the cost is not $300k :beer:


I was talking about building a new home to rent out so $300k would be $150 for a cottage size block in the suburbs including basic landscape and another $150 for a basic home. Of course if the investor was prepared to buy his IP in some small country town and live in a Kmart tent or second hand caravan it could be done for below $300k. A simple kit home on a cheap country block with power, water and phone and within half a day's drive to a capital city would still set you back over $150K Problem with that is that your renter pool is a lot smaller therefore harder to rent out at a reasonable price and renters would have to pay $500pw so that our investor can justify his investment in a property rental.

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Yorke
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Sydneyite
1 Apr 2011, 05:46 PM
You obviously haven't looked - just search domain.com.au or realestate.com.au, there are hundreds! But they are not in Bondi, Annandale, or Mosman, so maybe that's why you haven't found them??
Because precious would like to own in a family friendly suburb in the metro area ? :laughing:

And just so he won't say that he didn't get anything from this forum here are a few links for houses under $100k in just one town alone.

http://www.realestate.com.au/buy/property-house-with-2-bedrooms-between-0-100000-in-broken+hill%2c+nsw+2880/list-1?activeSort=price-asc

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Rastus2
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Yorke
1 Apr 2011, 11:15 PM
did better then that, my old GHPC socks insisted on voting as well. :laughing:





I was talking about building a new home to rent out so $300k would be $150 for a cottage size block in the suburbs including basic landscape and another $150 for a basic home. Of course if the investor was prepared to buy his IP in some small country town and live in a Kmart tent or second hand caravan it could be done for below $300k. A simple kit home on a cheap country block with power, water and phone and within half a day's drive to a capital city would still set you back over $150K Problem with that is that your renter pool is a lot smaller therefore harder to rent out at a reasonable price and renters would have to pay $500pw so that our investor can justify his investment in a property rental.


What makes you think that -ve gearing will (or should) be removed for new constructions ? I feel that it would be unwise to do that.

I agree that new builds should be given a grace period of -ve gearing so that construction rather than speculation is where investment is directed.

-ve gearing on already built stock that is 10, 20 30, or even 100 years old has no right to be given the same incentive for Investors as a new build.


Shadow - Defrauded his Bank ? 2015 I have 9 different loans and my bank had no idea which ones were personal and which were investment. They had half of them classed incorrectly. When this change came in they asked me to tell them if any personal loans were incorrectly classed as investment, which I did, and they switched them to personal for the lower rate. They also had a couple of investment loans incorrectly classed as personal. They didn't ask me about those. So they stay on the lower rate too. Worked out pretty well. :)
Shadow - 2008 Sydney Median House Price 1.25M by 2014-2015

Shadow : I think this boom has already begun in several cities. My prediction :
Peak of boom: 2014-2015. Sydney Median Price: $1,250,000 Bottom of bust: 2017-2018. Sydney Median Price: $1,100,000

Shadow's Original 2010 House Boom and Crash prediction http://s836.photobucket.com/user/rastus22/media/shady-orig-2010-chart.png.html?sort=3&o=0

Shadow's attempt to edit his 2010 chart in 2015 and replace it with one that does not show a crash in 2013 http://s836.photobucket.com/user/rastus22/media/Screen%20Shot%202015-06-06%20at%207.12.52%20pm_1.png.html
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Sprog
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Shadow
31 Mar 2011, 01:49 PM
Rents certainly rose in Sydney, the biggest city, when NG was removed...

Posted Image

Of course this doesn't prove the rise was totally caused by the removal of NG. Rents would probably have risen in Sydney anyway (just to a lesser degree).

Rents didn't rise everywhere, but perhaps they would have fallen if NG had not been removed, so removal of NG kept rents flat, rather than allowing rents to fall.

Logic suggests that NG will place upward pressure on house prices and downward pressure on rents, but there are always other factors at play, so the negative/positive influence of NG may not always be strong enough to over-ride the other factors affecting the market.

So Rastus (assume that's still your preferred name on this forum), why do you believe NG was reintroduced, if not because its removal led to upward pressure on rents?
"Rents certainly rose in Sydney, the biggest city, when NG was removed..."

And (based on your referenced chart) rents certainly kept rising in Sydney, when NG was reimposed.

Meanwhile,
- rents were roughly flat in Melbourne (the second biggest city) while NG was removed, and remained flat when NG was reimposed;
- rents fell in Brisbane (the third biggest city) when NG was removed, and rose when NG was reimposed
- rents rose in Perth (the fourth biggest city) when NG was removed, and continued rising when NG was reimposed;
- rents fell in Adelaide (the fifth biggest city) when NG was removed, and remained flat when NG was reimposed.

Unless one is fixated on Sydney (and I can understand that you might be so handicapped), it is difficult to discern a consistent NG-related impact of *any* kind across Australian city markets within the period under focus in the chart you have so kindly provided.

Perhaps this is because the period of NG-removal was too brief to have any definitive effect on a investment market-class with notoriously high transaction costs, and with a class of investor adherents who tend to characterise themselves as in it for the long haul.



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