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Sydney Construction Boom Nearly Here; Construction growth of 15% is forecast in NSW over next two years
Topic Started: 8 Aug 2011, 12:56 PM (51,174 Views)
Shadow
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Evil Mouzealot Specufestor

earthsta
11 Oct 2012, 11:38 PM
Underwater
Clearly you are clueless about investing if you believe a 30% rise in house prices would leave me underwater. No wonder you fail.

earthsta
 
We'll see if you're still here in 27 months time
earthsta
 
you'll still be here
Alzheimer's?
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Catweasel
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Shadow
11 Oct 2012, 11:42 PM
Clearly you are clueless about investing if you believe a 30% rise in house prices would leave me underwater. No wonder you fail.



Alzheimer's?
Catweasel agree with mouzealots. Much of its fears is assuaged by relativity by its comparison against other mouse.

From psycho perspective, that why forum exist.

And that why Catweasel love it.
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mel
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Catweasel
11 Oct 2012, 11:51 PM
From psycho perspective, that why forum exist.
And that why Catweasel love it.
+1 It's like God looks you in the eye sometimes. This place is somehow very special.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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earthsta
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Shadow
11 Oct 2012, 11:42 PM
Clearly you are clueless about investing if you believe a 30% rise in house prices would leave me underwater. No wonder you fail.



It'll be the 30% fall that will get you, Mr Underwater :tu:


Here's shadow in the future :lol

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mel
12 Oct 2012, 12:08 AM
Catweasel
11 Oct 2012, 11:51 PM
From psycho perspective, that why forum exist.
And that why Catweasel love it.
+1 It's like God looks you in the eye sometimes.
Nah ..... it's just an underwater shadow :lol
Edited by earthsta, 12 Oct 2012, 08:11 AM.
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Shadow
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Evil Mouzealot Specufestor

earthsta
12 Oct 2012, 08:10 AM
It'll be the 30% fall that will get you, Mr Underwater
I see you understand your error now. So your new position is that I'm not underwater now, but will be sometime in the future when Sydney house prices fall 30% (actually it would require a much larger fall since I'm not 100% leveraged, but whatever). OK, glad we got that sorted. :re:
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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earthsta
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Shadow
12 Oct 2012, 08:27 AM
actually it would require a much larger fall since I'm not 100% leveraged, but whatever. OK, glad we got that sorted. :re:
Riiiggghhhttt.....of course shads... you'd never bullshit about yourself or property, would you :lol

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Shadow
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Evil Mouzealot Specufestor

earthsta
12 Oct 2012, 08:48 AM
you'd never bullshit about yourself or property
Correct.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Admin
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Administrator

Quote:
 
Investors expected to return as Queensland's first homebuyer incentive is axed

Posted on Thursday, October 11 2012 at 5:47 PM

From tomorrow, the axing of Queensland's First Home Owner Grant could trigger a race back to the market for investors buying in the mid $500,000 price range, according to the Real Estate Buyers Agents Association of Australia (REBAA).

To spark housing construction and jobs across the state, the Queensland Government last month kicked off the $15,000 cash giveaway to first-time buyers purchasing newly-constructed or off-the-plan properties, a move that may see more first homebuyers investing in new properties, REBAA Queensland spokesman Scott McGeever says.

Tomorrow the government will remove the $7000 First Home Owner Grant, a move McGeever believes could potentially bring more investors back to the market due to the reduced competition from first homebuyers.

Investors can still take advantage of depreciation allowances on near-new yet established properties but first homebuyers can't when buying new, he explains. This means a larger number of first homebuyers purchasing new property could actually turn investors off targeting new dwellings.

"First homebuyers are certainly an important part of the market but there are also a lot of investors out there looking in the same space," McGeever says

Read more: http://www.apimagazine.com.au/api-online/news/2012/10/investors-expected-to-return-as-queenslands-first-homebuyer-incentive-is-axed
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Elastic
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I can't quite understand the logic of that article.
They say that investors will return to the market because FHBs will no longer be competing with them.
I would have thought that the lack of competition would likely result in price drops and any savvy investor would be sitting back to see what happens.
I guess it was the Real Estate Buyers Agents Association of Australia (REBAA).
Bit of wishful thinking.
Only a rat can win a rat race.

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zaph
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Elastic
12 Oct 2012, 10:55 AM
I can't quite understand the logic of that article.
I guess it was the Real Estate Buyers Agents Association of Australia (REBAA).
Bit of wishful thinking.
Quote:
 
They say that investors will return to the market because FHBs will no longer be competing with them.
I would have thought that the lack of competition would likely result in price drops and any savvy investor would be sitting back to see what happens.


Price drops are the whole premise of the article, though not explicitly stated. With the pesky FHBs out of the way the investors can go low. It's only a matter of time till the dumb investors start paying more.

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