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Australian Property Chart of Shame - The Epic Failure of the Oz Housing Bears is Complete
Topic Started: 28 Nov 2013, 10:33 PM (27,073 Views)
Dr Watson
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themoops
29 Nov 2013, 12:08 PM
It's all about the Chinese now isn't it.
Yes it is. More inspections tomorrow — they will be swarming over the properties not dissimilar to the 7:30 report story. The difference is only a matter of degrees.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Count du Monet
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themoops
29 Nov 2013, 12:08 PM
It must be quite nerve racking with your multi millions in debt.

It's all about the Chinese now isn't it.
There's only so many Chinese house flippers in a highly speculative part of the market.


http://www.pbc.gov.cn/image_public/UserFiles/english/upload/File/2013%E5%B9%B4%E5%89%8D%E4%B8%89%E5%AD%A3%E5%BA%A6%E9%87%91%E8%9E%8D%E7%BB%9F%E8%AE%A1%E6%95%B0%E6%8D%AE.pdf

Quote:
 
Currency in circulation (M0) posted 5.65 trillion yuan, increasing by 5.7 percent year-on-year.


If this is true they're about to be burned big time!

Edited by Count du Monet, 29 Nov 2013, 12:29 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Foxy
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Zero is coming...

interesting,
We bought an asset with a replacement value of $6m plus for $1.35m plus $250,000 costs and repairs that we have paid for from turnover, where does that show up on the chart.
Remember two things
1) every dog has it's day.
2) No one buys a market, they buy an independent deal.
3) There is always a deal.
Peter
Good luck.

Was that 3?
:to:

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Count du Monet
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foxbat101
29 Nov 2013, 12:33 PM
interesting,
We bought an asset with a replacement value of $6m plus for $1.35m plus $250,000 costs and repairs that we have paid for from turnover, where does that show up on the chart.
Remember two things
1) every dog has it's day.
2) No one buys a market, they buy an independent deal.
3) There is always a deal.
Peter
Good luck.

Was that 3?
:to:

What's the earnings?
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Foxy
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Zero is coming...

Dr Watson
29 Nov 2013, 12:17 PM
Yes it is. More inspections tomorrow — they will be swarming over the properties not dissimilar to the 7:30 report story. The difference is only a matter of degrees.
I think it is great that the Chinese are buying our property, but they should only buy new builds, it is a great industry for Australia, housing wealthy people.
Lets do it and lets do it well.
We may not be able to build good cars (yet) but we can build great houses and we have a wonderful country, so bring them in and house them.
They pay to stay.
Don't let them buy the shacks from the natives (us) get them to add to the housing stock and make them welcome.
"If you got the money honey, i got the time." :bh:
Big boy.
Peter from Gnarabup.
:bh:

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Strindberg
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Dr Watson
29 Nov 2013, 09:57 AM
Errrr John ... Gittins IS on the chart.
oops!!
Me and Ross are the same age. Might be why we both cock-up so often.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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Foxy
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Zero is coming...

Count du Monet
29 Nov 2013, 12:37 PM
What's the earnings?
We are 8 months in, major change to the business model, major refit, and figures exceeding old owners figures.
Saying that, Margaret River tourist numbers are the highest in 8 years according to the big players.
Margrets Beach is the best in the area and they are reporting the best year in the last 8.
Aussie dollar is down and the Western Australian population is much higher than 8 years ago.
So to early to call boom baby but WOW.
People are coming back to Margaret River.
Great to see and i hope it continues and that the people keep loving it.
I see Queensland tourist numbers are up also.

http://www.tq.com.au/fms/tq_corporate/research%20%28NEW%29/Summary%20Visitor%20Statistics/13_June_Tourism_Facts_and_Figures.pdf

http://www.tourism.wa.gov.au/Publications%20Library/Research/Research%20and%20Reports/Quarterly%20Visitor%20Snapshots/Fast%20Facts%20YE%20June%202013.pdf

I would like to see this trend continue for a couple of years before i call the bottom, but man it's looking good.
Thanks for the interest.
And if your in Marges please drop in and say hi.

Peter from Gnarabup
:tu:


Edited by Foxy, 29 Nov 2013, 01:34 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Count du Monet
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foxbat101
29 Nov 2013, 12:46 PM
I think it is great that the Chinese are buying our property,
The segment is speculative house flippers, they don't lease the property to renters. They are as useful as dead pixels in a LCD screen. I don't see that as being great.
foxbat101
29 Nov 2013, 01:09 PM
We are 8 months in, major change to the business model, major refit, and figures exceeding old owners figures.



In theory a falling AUD should benefit, so end of the decade should pay off.
Edited by Count du Monet, 29 Nov 2013, 01:16 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Foxy
Member Avatar
Zero is coming...

Count du Monet
29 Nov 2013, 01:13 PM
The segment is speculative house flippers, they don't lease the property to renters. They are as useful as dead pixels in a LCD screen. I don't see that as being great.

In theory a falling AUD should benefit, so end of the decade should pay off.
thanks and if your down this way please drop in and say hi, kettle is always hot.
Peter
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Bardon
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Shadow
29 Nov 2013, 09:17 AM

Cool - it needs to be spread far and wide!



This is what one of the uber bears came back with after seeing the chart, he is a pom by the way.

"Yeah but.

It’s a bit like the IRA quote when they missed Thatch in Brighton. “You have to be lucky all the time, we only have to get lucky once”."
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