Seriously guy's...... are you that naive??? Do you not see whats going on???????????? Whats Australias unemployment and 'under-employment' figures? 17.4% http://www.roymorgan.com/news/polls/2012/4829/
When the massive shit finally hits the fan.... we 'will' be getting dragged down with it!!!
IMHO you are correct but we aren't there just yet. Consider the response to the gfc - why wouldn't they do the same thing for SHTF round 2? It costs far less money to prop up housing than to deal with a bailout and high unemployment. They will be at near zirp and run further deficit for incentives before they let the ship sink.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
This is actually a legitimate thing, like a legitimate tip for the 3rd race at eagle farm. You might just win big, who knows? Of course it would be wise to check the tipsters record for picking winners, BIS Shrapnel? Ok, maybe we better pull the form guide out and have another look at the runners.
Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan
A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
wow timo you are right, i should sell now and rent my house back for slightly more than it costs me to pay it off!!!! you're a freaking genius man!
It's nice to see he's getting on your nerves bogan boy. Now run along and pay your bloated mortgage off. Why do you run with the bulls when you don't have IP's. Are you a wanna be bull?
That simple formula provides a clue to investors in choosing where to buy property for future growth.
Anyone following that recipe a year or so ago would have had solid capital gains in Gladstone and Mackay in Queensland.
We’ve seen it start to happen in Darwin as well.
The locations now poised to follow suit include Perth and Townsville.
Some 18 months ago I was scratching my head wondering why there had been little in the way of price growth in the nation’s number-one boom town, Gladstone.
Gas projects and other enterprises were bringing thousands of new workers into the place, and everything that mattered was in short supply – but the only reaction from the property market had been a massive hike in residential rents.
Then, almost belatedly, prices followed the rental trend. In the past 12 months, the median price in most Gladstone suburbs rose 17-18%. Mackay is a little behind Gladstone in the cycle but is now exhibiting similar patterns.
Darwin has been leading the state and territory capital cities on price movements, by a considerable margin. It, too, experienced big lifts in rental levels before prices started to follow.
Australian Property Monitors records a 27% lift in Darwin’s median house rent in the year to June, with the median weekly asking rent for apartments rising 15%. In the September quarter, Darwin recorded the biggest increase in home values among the capital cities.
Perth is set to follow this trend. It’s had a 15% rise in its median house rent in the past 12 months, according to Australian Property Monitors. The median rent for apartments has climbed 11%.
Perth prices so far have moved little, but that is soon to change. Strong demand for accommodation has led to a 0.5% vacancy rate, according to the latest figures from SQM Research, and WA housing finance commitments by owner-occupiers are up 18% in the 12 months to the end of August (the biggest jump in the nation). Loans to investors have risen solidly, as well.
WA has the nation’s strongest economy and leads on population and employment growth. The projects that really matter in the WA resources sector – the mega gas projects, not the iron ore ones – are now starting to crank up their construction phases.
Against that background, price growth is inevitable in Perth, particularly with rents strongly leading the way.
Townsville is another significant market where rents have been pressured by high demand, but prices remain in the doldrums.
That will change. Townsville gets my vote as the strongest regional economy in Australia, with not only diversity but considerable muscle in all its multi-faceted economic sectors. It’s a city that doesn’t need the resources sector, but gets considerable oomph from it anyway.
Queensland is Australia’s most decentralised state, with numerous strong regional centres, but Townsville is undoubtedly king of the regions. Despite being impacted by the state government’s manic cost-cutting, job-shedding and plot-losing, Townsville is experiencing expansion in many other key sectors, particularly its already-substantial military economy.
Its spinoffs from the resources sector include an expanding port, processing facilities and lots of fly-in fly-out workers who reside in Townsville.
People want rentals in Townsville but can’t get them. Prices will react sooner or later.
Terry Ryder is the founder of hotspotting.com.au and can be followed on Twitter.
Thats about $70k more than I thought it would have been
Must be time to get mine re-val'd
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
The tipping point occurred, then as I stated you get the rental surge. Then you get the Property prices rising.
The rental surge will continue for some time, but EXPECT the data to show Property prices starting to move up by the end of this year.
Anyway you look at it, a catastrophic defeat for the Bears.
Those nasty bulls are at it again And in the front yard this time for all to see. The cheek
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Frank - I'll think you'll find rents are increasing because house prices aren't. When you are unsure of where the economy is going, it makes more sense to take a short term hit on the rent.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
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