HOME, CHEAP HOME: The suburbs where prices have dropped by half

Would that be 50%? longweekend

Wait another year and you'll pick up a bargain, back to pre-boom prices.
..........................................................

HOME prices have been slashed almost in half in some parts of Australia, with vendors forced into heavy discounting as properties languish for months in a skittish market.

Luxury suburbs, coastal strips and flood regions have been hardest hit as median values plummeted by up to 46 per cent in 2011, according to RP Data figures.

Even Australia’s most expensive suburb Point Piper has fallen victim to the squeeze, with the median price of units sliding 37 per cent to $1.17 million.

Vendors were also forced to cut prices by almost a quarter in premium postcodes including Surfers Paradise on the Gold Coast and Western Australia’s millionaire’s row Peppermint Grove.

Scroll down for top 10 worst hit areas

RP Data senior research analyst Cameron Kusher said buyers were still smarting from the 2008 global financial crisis, with share market hits and other personal financial losses weighing heavily on wealthy Australians and retirees.

“Since the GFC people aren’t moving around as much to those once popular sea change and tree change areas,” Mr Kusher said. “They’ve lost a lot of money and are rebuilding their wealth.”

The areas with the top 10 price falls of the year feature four tree and sea change spots including Mittagong in the New South Wales Southern Highlands and Golden Beach in Queensland.

But it is homeowners in flood-affected North Booval – a suburb of Ipswich near Brisbane – who have suffered the country’s worst falls, with houses dropping by 46.3 per cent to $154,000.

Mr Kusher conceded some homes in Ipswich’s flood-hit areas were unsaleable but said buyers had “short memories” when it came to natural disasters.

“If you cut the price enough, any property will sell and if it doesn’t flood for another five years buying activity will return to those areas,” he said.

While prices dipped in the towns affected by the Victoria bushfires and Cyclone Larry in North Queensland, sales volume and prices picked up within 12 months, he said.

Mr Kusher said property prices had also been reined-in by slower interstate migration, particularly in Queensland, NSW and Victoria.

However, Australian Property Monitors senior economist Dr Andrew Wilson said in the capital cities the property gloom was lifting.

Dr Wilson pointed to higher auction clearance rates, and an improvement in finance commitments, particularly in Queensland, NSW and WA.

“Perth and Brisbane remain on track for a recovery in median house prices this year with healthy increases in buyer activity from the low levels of 2011,” he said.

“Sydney and Canberra should provide the usual solid results over the year reflecting the chronic underlying shortage of accommodation in those centres.”

He believes buyers may remain cautious in Melbourne – with the local economy set to struggle in 2012 - while sales are expected to lift in Adelaide.

Although somewhat volatile, Darwin should also finish 2012 with encouraging housing market results, Dr Wilson says.

Resources would continue to help some regions – particularly in central Queensland.

“The Gold Coast may also surprise while Newcastle and Orange in New South Wales and the Macedon Ranges region of Victoria should continue to attract significant buyer interest.

Top 10 median price drops in percentage terms for 2011

1. North Booval (QLD) -46.3% (houses) to $154,000
2. Mittaggong (NSW) -45.1% (units) to $225,000
3. Joliment (WA) -44.4% (units) to $342,000
4. Carey Bay (NSW) -42.6% (houses) to $266,001
5. St Kilda West (VIC) -41.8% (houses) to $1,455,000
6. Port Augusta (SA) -41.5% (units) to $120,000
7. Golden Beach (QLD) -40.9% (houses) to $85,750
8. Rainbow Beach (QLD) -40.8% (units) to $219,750
9. Acacia Ridge (QLD) -40.8% (units) to $298,500
10. Eagle Farm (QLD) -40.4% (units) to $786,500

http://www.news.com.au/money/property/property-prices-battered-in-parts-of-australia-amid-heavy-discounting/story-e6frfmd0-1226297242759#ixzz1p0rT2FiQ

Longweekend will never apologise for his errors.

He said that property was a good investment - he still does.

Did anyone see 4 corners last night ?

It's what happened in Ireland during the GFC when the property bubble burst spectacularly.

For example there was a 55 bedroom beach side hotel that went for 650,000 Euros at auction with only two bidders ;)

I can just hear Lisa and madweekend still telling us that Australia is different ;) LOL

Quote:

Luxury suburbs, coastal strips and flood regions have been hardest hit as median values plummeted by up to 46 per cent in 2011, according to RP Data figures.

flood regions????  and you expect to be taken seriously??? in a three year period of recod-breaking floods you find it extraordinary that housing in flood-prone regions have dropped???

in the meantime, the great 'price-crash' predicted by the local loons turned out to be a one year drop of less than 10% on average and has now been replaced by steady RISES in the price of housing across the country.

you and your idiot friends will always be able to come up with suburbs with large drops for reasons you dont understand while the rest of the country just keeps on rising.

while you keep renting and repeatedly predicting price crashes that NEVER HAPPEN.

enjoy rent-day losers!

Longweekend,
I don't pay rent - I own my place.
You lose again.

Now apologise.

longweekend58 wrote on Mar 13^th, 2012 at 10:34am:

Quote: Luxury suburbs, coastal strips and flood regions have been hardest hit as median values plummeted by up to 46 per cent in 2011, according to RP Data figures. flood regions????  and you expect to be taken seriously??? in a three year period of recod-breaking floods you find it extraordinary that housing in flood-prone regions have dropped??? in the meantime, the great 'price-crash' predicted by the local loons turned out to be a one year drop of less than 10% on average and has now been replaced by steady RISES in the price of housing across the country. you and your idiot friends will always be able to come up with suburbs with large drops for reasons you dont understand while the rest of the country just keeps on rising. while you keep renting and repeatedly predicting price crashes that NEVER HAPPEN. enjoy rent-day losers!

So you reckon it's a two speed housing market eh ?? And the huge price increases are happening where ?????? :D LOL

And remember when you were saying that NO joint would drop by more than 10%. Well a lot has happened since that time ;) LOL


Quote:

Top 10 median price drops in percentage terms for 2011 1. North Booval (QLD) -46.3% (houses) to $154,000 2. Mittaggong (NSW) -45.1% (units) to $225,000 3. Joliment (WA) -44.4% (units) to $342,000 4. Carey Bay (NSW) -42.6% (houses) to $266,001 5. St Kilda West (VIC) -41.8% (houses) to $1,455,000 6. Port Augusta (SA) -41.5% (units) to $120,000 7. Golden Beach (QLD) -40.9% (houses) to $85,750 8. Rainbow Beach (QLD) -40.8% (units) to $219,750 9. Acacia Ridge (QLD) -40.8% (units) to $298,500 10. Eagle Farm (QLD) -40.4% (units) to $786,500

Ex Dame Pansi wrote on Mar 13^th, 2012 at 9:01am:

However, Australian Property Monitors senior economist Dr Andrew Wilson said in the capital cities the property gloom was lifting. Dr Wilson pointed to higher auction clearance rates, and an improvement in finance commitments, particularly in Queensland, NSW and WA. “Perth and Brisbane remain on track for a recovery in median house prices this year with healthy increases in buyer activity from the low levels of 2011,” he said. “Sydney and Canberra should provide the usual solid results over the year reflecting the chronic underlying shortage of accommodation in those centres.” He believes buyers may remain cautious in Melbourne – with the local economy set to struggle in 2012 - while sales are expected to lift in Adelaide. Although somewhat volatile, Darwin should also finish 2012 with encouraging housing market results, Dr Wilson says. Resources would continue to help some regions – particularly in central Queensland. “The Gold Coast may also surprise while Newcastle and Orange in New South Wales and the Macedon Ranges region of Victoria should continue to attract significant buyer interest.

This is terrible news, I think we should all take pansi, nail and bobby's advice and go into a sh1t panic, sell our houses, empty our bank accounts and hide in our closets, because this is the worse financial news I have ever heard.

BigOl64 wrote on Mar 13^th, 2012 at 10:51am:

Ex Dame Pansi wrote on Mar 13th, 2012 at 9:01am: However, Australian Property Monitors senior economist Dr Andrew Wilson said in the capital cities the property gloom was lifting. Dr Wilson pointed to higher auction clearance rates, and an improvement in finance commitments, particularly in Queensland, NSW and WA. “Perth and Brisbane remain on track for a recovery in median house prices this year with healthy increases in buyer activity from the low levels of 2011,” he said. “Sydney and Canberra should provide the usual solid results over the year reflecting the chronic underlying shortage of accommodation in those centres.” He believes buyers may remain cautious in Melbourne – with the local economy set to struggle in 2012 - while sales are expected to lift in Adelaide. Although somewhat volatile, Darwin should also finish 2012 with encouraging housing market results, Dr Wilson says. Resources would continue to help some regions – particularly in central Queensland. “The Gold Coast may also surprise while Newcastle and Orange in New South Wales and the Macedon Ranges region of Victoria should continue to attract significant buyer interest. This is terrible news, I think we should all take pansi, nail and bobby's advice and go into a sh1t panic, sell our houses, empty our bank accounts and hide in our closets, because this is the worse financial news I have ever heard.

I think you should buy a house now because the spruikers say it has bottomed and prices can only rise. Best time is to buy now !!

You can't lose :D LOL

Bobby. wrote on Mar 13^th, 2012 at 10:36am:

Longweekend, I don't pay rent - I own my place. You lose again. Now apologise.

madweekend should appologise to Steve Keen who said that house prices could fall by up to 40% !! Steve Keen's prediction has now been vindicated ;)

Sir lastnail wrote on Mar 13^th, 2012 at 10:55am:

BigOl64 wrote on Mar 13th, 2012 at 10:51am: Ex Dame Pansi wrote on Mar 13th, 2012 at 9:01am: However, Australian Property Monitors senior economist Dr Andrew Wilson said in the capital cities the property gloom was lifting. Dr Wilson pointed to higher auction clearance rates, and an improvement in finance commitments, particularly in Queensland, NSW and WA. “Perth and Brisbane remain on track for a recovery in median house prices this year with healthy increases in buyer activity from the low levels of 2011,” he said. “Sydney and Canberra should provide the usual solid results over the year reflecting the chronic underlying shortage of accommodation in those centres.” He believes buyers may remain cautious in Melbourne – with the local economy set to struggle in 2012 - while sales are expected to lift in Adelaide. Although somewhat volatile, Darwin should also finish 2012 with encouraging housing market results, Dr Wilson says. Resources would continue to help some regions – particularly in central Queensland. “The Gold Coast may also surprise while Newcastle and Orange in New South Wales and the Macedon Ranges region of Victoria should continue to attract significant buyer interest. This is terrible news, I think we should all take pansi, nail and bobby's advice and go into a sh1t panic, sell our houses, empty our bank accounts and hide in our closets, because this is the worse financial news I have ever heard. I think you should buy a house now because the spruikers say it has bottomed and prices can only rise. Best time is to buy now !! You can't lose :D LOL

Here's a little secret for the brain-dead.

Now IS the best time to buy, the market is soft and prices are falling / bottomed.

Now is NOT the best time to sell as the market is soft and prices are falling or bottomed.


This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D

I am sure Pansi and Lastnail will be popping champagne.

Nothing like seeing ordinary families go under to please this pair.

BigOl64 wrote on Mar 13^th, 2012 at 11:01am:

Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D

2 years ago - Buy now because it's the best time to buy !

1 year ago - Buy now because it's the best time to buy !

6 months ago - Buy now because it's the best time to buy !

3 months ago - Buy now because it's the best time to buy !

1 month ago - Buy now because it's the best time to buy !

Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

In the last 2 years you have spent money on rent which has helped someone to pay off for an asset and you have nothing to show for it.

In the last 2 years, I have paid off a mortgage with my redundancy payment and now own an asset in Australia worth over $1m which is also getting me rent revenue.

My parents have 4 properties which they own outright and which have appreciated in value.

Mate, you'll excuse me for thinking your advice is a crock of sh*t.
I am a battler yet have done perfectly well in the housing market.

Andrei.Hicks wrote on Mar 13^th, 2012 at 11:13am:

I am sure Pansi and Lastnail will be popping champagne. Nothing like seeing ordinary families go under to please this pair.

What about the banks getting employees to train up their replacements from India before they boot them out on the street ? What do you think about that Hicks ?

Sir lastnail wrote on Mar 13^th, 2012 at 10:57am:

Bobby. wrote on Mar 13th, 2012 at 10:36am: Longweekend, I don't pay rent - I own my place. You lose again. Now apologise. madweekend should appologise to Steve Keen who said that house prices could fall by up to 40% !! Steve Keen's prediction has now been vindicated ;)

if you are that stupid to say that because a handful of houses dropped significantly that there has bene a price crash then you deserve all the mocking you get.

you morons come on here repeatedly telling us first that housing is going to crash and now that it has crashed and you are even stupid enough to quote people that say the very opposite.

you trully are dumb as a bag of hammers, living in rented accomodation....

losers.

Andrei.Hicks wrote on Mar 13^th, 2012 at 11:19am:

In the last 2 years you have spent money on rent which has helped someone to pay off for an asset and you have nothing to show for it. In the last 2 years, I have paid off a mortgage with my redundancy payment and now own an asset in Australia worth over $1m which is also getting me rent revenue. My parents have 4 properties which they own outright and which have appreciated in value. Mate, you'll excuse me for thinking your advice is a crock of sh*t. I am a battler yet have done perfectly well in the housing market.

Buy now because it's the best time to buy :D :D :D :D :D LOL

Sir lastnail wrote on Mar 13^th, 2012 at 11:17am:

BigOl64 wrote on Mar 13th, 2012 at 11:01am: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D 2 years ago - Buy now because it's the best time to buy ! 1 year ago - Buy now because it's the best time to buy ! 6 months ago - Buy now because it's the best time to buy ! 3 months ago - Buy now because it's the best time to buy ! 1 month ago - Buy now because it's the best time to buy ! Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

and every time it was good advice. and why?? because the vast number of owners now live in properties that are worth more than what they paid for them and in some case as much as 50% higher. the only losers are those that rent when they could be buying.

so is your problem toenail, that your servo job is so poorly paid that shared rental accomodation is the best you can do?

longweekend58 wrote on Mar 13^th, 2012 at 11:21am:

Sir lastnail wrote on Mar 13th, 2012 at 10:57am: Bobby. wrote on Mar 13th, 2012 at 10:36am: Longweekend, I don't pay rent - I own my place. You lose again. Now apologise. madweekend should appologise to Steve Keen who said that house prices could fall by up to 40% !! Steve Keen's prediction has now been vindicated ;) if you are that stupid to say that because a handful of houses dropped significantly that there has bene a price crash then you deserve all the mocking you get. you morons come on here repeatedly telling us first that housing is going to crash and now that it has crashed and you are even stupid enough to quote people that say the very opposite. you trully are dumb as a bag of hammers, living in rented accomodation.... losers.

So when house prices drop then it's only a handful that have dropped eh ;)

Buy NOW because it's the best time to buy :D :D :D :D :D LOL

Sir lastnail wrote on Mar 13^th, 2012 at 11:17am:

BigOl64 wrote on Mar 13th, 2012 at 11:01am: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D 2 years ago - Buy now because it's the best time to buy ! 1 year ago - Buy now because it's the best time to buy ! 6 months ago - Buy now because it's the best time to buy ! 3 months ago - Buy now because it's the best time to buy ! 1 month ago - Buy now because it's the best time to buy ! Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

i have no idea what you're LOLing about, Ive never made any of those statements. Please reply only to things I have actually said and not what you need me to say to prop up your feeble arguments

It just makes you look more retarded than usual.

BigOl64 wrote on Mar 13^th, 2012 at 11:26am:

Sir lastnail wrote on Mar 13th, 2012 at 11:17am: BigOl64 wrote on Mar 13th, 2012 at 11:01am: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D 2 years ago - Buy now because it's the best time to buy ! 1 year ago - Buy now because it's the best time to buy ! 6 months ago - Buy now because it's the best time to buy ! 3 months ago - Buy now because it's the best time to buy ! 1 month ago - Buy now because it's the best time to buy ! Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL i have no idea what you're LOLing about, Ive never made any of those statements. Please reply only to things I have actually said and not what you need me to say to prop up your feeble arguments It just makes you look more retarded than usual.

Quote:

Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.

:D :D :D :D LOL

Sir lastnail wrote on Mar 13^th, 2012 at 11:22am:

Andrei.Hicks wrote on Mar 13th, 2012 at 11:19am: In the last 2 years you have spent money on rent which has helped someone to pay off for an asset and you have nothing to show for it. In the last 2 years, I have paid off a mortgage with my redundancy payment and now own an asset in Australia worth over $1m which is also getting me rent revenue. My parents have 4 properties which they own outright and which have appreciated in value. Mate, you'll excuse me for thinking your advice is a crock of sh*t. I am a battler yet have done perfectly well in the housing market. Buy now because it's the best time to buy :D :D :D :D :D LOL

I pay no rent or mortgage and have an asset worth $1m. My parents have 4.
So hard isn't it?
;)

Andrei.Hicks wrote on Mar 13^th, 2012 at 11:30am:

Sir lastnail wrote on Mar 13th, 2012 at 11:22am: Andrei.Hicks wrote on Mar 13th, 2012 at 11:19am: In the last 2 years you have spent money on rent which has helped someone to pay off for an asset and you have nothing to show for it. In the last 2 years, I have paid off a mortgage with my redundancy payment and now own an asset in Australia worth over $1m which is also getting me rent revenue. My parents have 4 properties which they own outright and which have appreciated in value. Mate, you'll excuse me for thinking your advice is a crock of sh*t. I am a battler yet have done perfectly well in the housing market. Buy now because it's the best time to buy :D :D :D :D :D LOL I pay no rent or mortgage and have an asset worth $1m. My parents have 4. So hard isn't it? ;)

That's right Hicks. Nobody can lose on property ;)

http://www.abc.net.au/4corners/stories/2012/03/08/3448633.htm


Quote:

Dicing with Debt Leading up to the global financial crisis, the entrepreneurs of Ireland were having a field day. Money was being borrowed, investment projects approved and the economy was booming. Now Marian Wilkinson tells the story of the crash, the Government bailout of the Irish banks and the brutal austerity regime the Government agreed to that's taken a harsh toll on the Irish people. With Europe heading towards recession, some in Ireland say it should demand a renegotiation of its bailout terms, a move with the potential to create another financial panic. "Basically this is extortion and that's what it is. It's extortion. It's the bullyboys of Europe, you know, the European Central Bank, the financial bullyboys of Europe forcing us to pay a debt that was never ours..." The program hears from the failed entrepreneurs about the gamble they took that shattered Ireland's economy. We see evidence of the investments that failed, visiting massive "ghost estates" where row upon row of houses stand empty, awaiting their fate beneath the blade of a bulldozer.

Buy now because it's the best time to buy :D :D :D :D :D LOL

Longweekend,
Just man up & apologise.

You know you've been spruiking property prices since 2007
on Yahoo politics.
I know you Longweekend - I know where the skeletons are in your closet!

Sir lastnail wrote on Mar 13^th, 2012 at 11:30am:

BigOl64 wrote on Mar 13th, 2012 at 11:26am: Sir lastnail wrote on Mar 13th, 2012 at 11:17am: BigOl64 wrote on Mar 13th, 2012 at 11:01am: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D 2 years ago - Buy now because it's the best time to buy ! 1 year ago - Buy now because it's the best time to buy ! 6 months ago - Buy now because it's the best time to buy ! 3 months ago - Buy now because it's the best time to buy ! 1 month ago - Buy now because it's the best time to buy ! Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL i have no idea what you're LOLing about, Ive never made any of those statements. Please reply only to things I have actually said and not what you need me to say to prop up your feeble arguments It just makes you look more retarded than usual. Quote: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.    :D :D :D :D LOL

Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron.

Trying to support a p1ss poor argument with lies, again.

I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand.

BigOl64 wrote on Mar 13^th, 2012 at 11:41am:

Sir lastnail wrote on Mar 13th, 2012 at 11:30am: BigOl64 wrote on Mar 13th, 2012 at 11:26am: Sir lastnail wrote on Mar 13th, 2012 at 11:17am: BigOl64 wrote on Mar 13th, 2012 at 11:01am: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.  ;D 2 years ago - Buy now because it's the best time to buy ! 1 year ago - Buy now because it's the best time to buy ! 6 months ago - Buy now because it's the best time to buy ! 3 months ago - Buy now because it's the best time to buy ! 1 month ago - Buy now because it's the best time to buy ! Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL i have no idea what you're LOLing about, Ive never made any of those statements. Please reply only to things I have actually said and not what you need me to say to prop up your feeble arguments It just makes you look more retarded than usual. Quote: Here's a little secret for the brain-dead. Now IS the best time to buy, the market is soft and prices are falling / bottomed. Now is NOT the best time to sell as the market is soft and prices are falling or bottomed. This is something you'll never have to worry about as you can barely afford fuel for your car.    :D :D :D :D LOL Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand.

Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

Bobby. wrote on Mar 13^th, 2012 at 11:38am:

Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet!

madweekends famous last words ;)

Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

Quote:

However, Australian Property Monitors senior economist Dr Andrew Wilson said in the capital cities the property gloom was lifting. Dr Wilson pointed to higher auction clearance rates, and an improvement in finance commitments, particularly in Queensland, NSW and WA. “Perth and Brisbane remain on track for a recovery in median house prices this year with healthy increases in buyer activity from the low levels of 2011,” he said. “Sydney and Canberra should provide the usual solid results over the year reflecting the chronic underlying shortage of accommodation in those centres.”

Well the Real Estate business would say that wouldn't they? What do you expect them to say? The gloom is getting gloomier, the gravy train has left the track and prices SHOULD plummet?

The fact is the people with the most space on the planet have been paying house prices comparable to Manhattan and London for no accountable reason other than the greed of the profiteers. 

Sir lastnail wrote on Mar 13^th, 2012 at 11:44am:

Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL

Hi Nail,
I hope that no one on this forum has listened
to his irresponsible advice & lost money.

BigOl64 wrote on Mar 13^th, 2012 at 11:41am:

Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand.

In two years time you will have said that but it obviously went over the top of your narrow arse. I can't help it if you are slow off the mark.

Buy NOW because it's the best time to buy :D :D :D :D LOL

Bobby. wrote on Mar 13^th, 2012 at 11:52am:

Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money.

Like I always say, free advice is worth what you pay for it. Can you imagine borrowing 600K to buy something  that is now worth only 400K and landing up in negative equity !! Well that is exactly the advice that madweekend was doling out here just a few years ago :(

Bobby. wrote on Mar 13^th, 2012 at 11:52am:

Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money.

Didn't you say you owned a house?

You must be p1ssed off that you did, having NOT listened to nail and pansi, now you have lost your life savings.


Well in fact unless you have sold your house you have lost NOTHING?


Unless of course you do listen to pansi and nail then you would have offed your house as the market was bottoming out and you definitely would have lost money, so good on you for ignoring nail and pansi and treating their advice with the contempt it deserves.

I bought mine in 2003 -
it is worth 80% more than what I paid for it.

I was one of the lucky ones.

Sir lastnail wrote on Mar 13^th, 2012 at 11:58am:

BigOl64 wrote on Mar 13th, 2012 at 11:41am: Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand. In two years time you will have said that but it obviously went over the top your narrow arse. I can't help it if you are slow off the mark. Buy NOW because it's the best time to buy :D :D :D :D LOL

So your pitiful excuse for making sh1t up is that I would have said it in 1 month, 3 months, 6 months, 1 yr and 2 years time.

You are truly friggen retarded. Stop trying to be semi-intelligent and stick to the basics.

Bobby. wrote on Mar 13^th, 2012 at 12:10pm:

I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones.

Well you just learned something that has escaped nail and pansi, buying a house and living in it for a decade or so doesn't lose you money; selling it at the bottom of the market cycle may very well do.

You may speak the same sh1t as those pair of retards, but you still do what is 'normal'.

BigOl64 wrote on Mar 13^th, 2012 at 12:11pm:

Sir lastnail wrote on Mar 13th, 2012 at 11:58am: BigOl64 wrote on Mar 13th, 2012 at 11:41am: Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand. In two years time you will have said that but it obviously went over the top your narrow arse. I can't help it if you are slow off the mark. Buy NOW because it's the best time to buy :D :D :D :D LOL So your pitiful excuse for making sh1t up is that I would have said it in 1 month, 3 months, 6 months, 1 yr and 2 years time. You are truly friggen retarded. Stop trying to be semi-intelligent and stick to the basics.

Free financial advice is worth exactly what you pay for it and yours is worth no more than the "Buy now" advice given two years ago by the same brain dead spruikers so suck it up wanker because nobody is listening to your sh.t !

Buy NOW because it's the best time to buy :D :D :D :D LOL

BigOl64 wrote on Mar 13^th, 2012 at 12:15pm:

Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. Well you just learned something that has escaped nail and pansi, buying a house and living in it for a decade or so doesn't lose you money; selling it at the bottom of the market cycle may very well do. You may speak the same sh1t as those pair of retards, but you still do what is 'normal'.

And if you'd bought at the top of the bubble a couple of years ago how long would it take to get your money back. Maybe another 10 years ;) LOL

Buy NOW because it's the best time to buy :D :D :D :D LOL

Sir lastnail wrote on Mar 13^th, 2012 at 12:26pm:

BigOl64 wrote on Mar 13th, 2012 at 12:11pm: Sir lastnail wrote on Mar 13th, 2012 at 11:58am: BigOl64 wrote on Mar 13th, 2012 at 11:41am: Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand. In two years time you will have said that but it obviously went over the top your narrow arse. I can't help it if you are slow off the mark. Buy NOW because it's the best time to buy :D :D :D :D LOL So your pitiful excuse for making sh1t up is that I would have said it in 1 month, 3 months, 6 months, 1 yr and 2 years time. You are truly friggen retarded. Stop trying to be semi-intelligent and stick to the basics. Free financial advice is worth exactly what you pay for it and yours is worth no more than the "Buy now" advice given two years ago by the same brain dead spruikers so suck it up wanker because nobody is listening to your sh.t ! Buy NOW because it's the best time to buy :D :D :D :D LOL

I wasn't giving you financial advice clown, i was trying to dumb down a basic concept so you might possible understand; I see I was wrong and that is my fault.

I apologise for assuming that you could comprehend basic information and be able to participate in a robust conversation without having to resort to childish antics.

From this day forth I promise to revert back to treating you like the barely functioning retard that you try so hard to project in public.


Yes we all agree, that to own your own home is foolish and you should NEVER buy any real estate in a soft or falling market, because it will NEVER appreciate in value. (This is NOT financial advice, this IS a reductio reply to a moron) (Yes, you nail)

BigOl64 wrote on Mar 13^th, 2012 at 12:15pm:

Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. Well you just learned something that has escaped nail and pansi, buying a house and living in it for a decade or so doesn't lose you money; selling it at the bottom of the market cycle may very well do. You may speak the same sh1t as those pair of retards, but you still do what is 'normal'.

Big,
No - I was lucky.
I know someone on the Gold Coast who has  the highest offer
for their appartment by the sea of 60% of what they paid for it.
They owe money & so can't sell it.
They are stuck with it & it costs them heaps every month
to service the loan.
Tenants stop paying rent & they can't kick them out.

You're full of poo big mouth.

BigOl64 wrote on Mar 13^th, 2012 at 12:39pm:

Sir lastnail wrote on Mar 13th, 2012 at 12:26pm: BigOl64 wrote on Mar 13th, 2012 at 12:11pm: Sir lastnail wrote on Mar 13th, 2012 at 11:58am: BigOl64 wrote on Mar 13th, 2012 at 11:41am: Still can't see where I said it 2 years ago, or 1 year ago, or 6 months ago, or 3 months ago, or 1 month ago, friggen moron. Trying to support a p1ss poor argument with lies, again. I reiterated a basic understanding of purchasing buy when the market is soft and avoid selling when the market is soft; it was a very basic explanation i thought even an idiot like you could understand. In two years time you will have said that but it obviously went over the top your narrow arse. I can't help it if you are slow off the mark. Buy NOW because it's the best time to buy :D :D :D :D LOL So your pitiful excuse for making sh1t up is that I would have said it in 1 month, 3 months, 6 months, 1 yr and 2 years time. You are truly friggen retarded. Stop trying to be semi-intelligent and stick to the basics. Free financial advice is worth exactly what you pay for it and yours is worth no more than the "Buy now" advice given two years ago by the same brain dead spruikers so suck it up wanker because nobody is listening to your sh.t ! Buy NOW because it's the best time to buy :D :D :D :D LOL I wasn't giving you financial advice clown, i was trying to dumb down a basic concept so you might possible understand; I see I was wrong and that is my fault. I apologise for assuming that you could comprehend basic information and be able to participate in a robust conversation without having to resort to childish antics. From this day forth I promise to revert back to treating you like the barely functioning retard that you try so hard to project in public. Yes we all agree, that to own your own home is foolish and you should NEVER buy any real estate in a soft or falling market, because it will NEVER appreciate in value. (This is NOT financial advice, this IS a reductio reply to a moron) (Yes, you nail)

back peddling are you now mucus ;)

Bobby. wrote on Mar 13^th, 2012 at 12:39pm:

BigOl64 wrote on Mar 13th, 2012 at 12:15pm: Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. Well you just learned something that has escaped nail and pansi, buying a house and living in it for a decade or so doesn't lose you money; selling it at the bottom of the market cycle may very well do. You may speak the same sh1t as those pair of retards, but you still do what is 'normal'. Big, No - I was lucky. I know someone on the Gold Coast who has  the highest offer for their appartment by the sea of 60% of what they paid for it. They owe money & so can't sell it. They are stuck with it & it costs them heaps every month to service the loan. Tenants stop paying rent & they can't kick them out. You're full of poo big mouth.

No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble.

You still own a house, you did not sell it when you learned that nail and pansi were against anyone who owned a home; they are angry renters who despise homeowners. Why do you think they derive so much joy from a falling market and the possibility of ordinary home owners doing the @rse. That sh1t isn't normal.

Sir lastnail wrote on Mar 13^th, 2012 at 12:49pm:

back peddling are you now mucus ;)

From what?

I thought I was pretty straight forward in using sarcasm and derision to point out you're a friggen idiot.


Mind you I did underestimate your ability to employ childish behaviour to try and win a feeble argument, so now it's straight up sarcasm and abuse.

Big Mouth,
Quote:

No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble.

Big Mouth,
It's not made up - it's a real person in distress caused by
a property real estate maggott who got them to buy
a place at too high a price -
with a deal where "you can't lose".

They paid over $800,000 for a property that is worth $480,000.
The real estate agent was crying all the way to the bank.

Bobby. wrote on Mar 13^th, 2012 at 12:56pm:

Big Mouth, Quote: No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble. Big Mouth, It's not made up - it's a real person in distress caused by a property real estate maggott who got them to buy a place at too high a price - with a deal where "you can't lose". They paid over $800,000 for a property that is worth $480,000. The real estate agent was crying all the way to the bank.

So your friend is a RE investor, a speculator if you will and he go stung by a spruiker, I'm surprised nail hasn't posted an LOL reply telling you your friend deserves everything he's getting. As you well know the only people nail hates worst than home owners are investors.

BigOl64 wrote on Mar 13^th, 2012 at 1:08pm:

Bobby. wrote on Mar 13th, 2012 at 12:56pm: Big Mouth, Quote: No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble. Big Mouth, It's not made up - it's a real person in distress caused by a property real estate maggott who got them to buy a place at too high a price - with a deal where "you can't lose". They paid over $800,000 for a property that is worth $480,000. The real estate agent was crying all the way to the bank. So your friend is a RE investor, a speculator if you will and he go stung by a spruiker, I'm surprised nail hasn't posted an LOL reply telling you your friend deserves everything he's getting. As you well know the only people nail hates worst than home owners are investors.

And you don't care about that person.
You only care about number 1.
A typical Libbo.

BigOl64 wrote on Mar 13^th, 2012 at 1:08pm:

Bobby. wrote on Mar 13th, 2012 at 12:56pm: Big Mouth, Quote: No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble. Big Mouth, It's not made up - it's a real person in distress caused by a property real estate maggott who got them to buy a place at too high a price - with a deal where "you can't lose". They paid over $800,000 for a property that is worth $480,000. The real estate agent was crying all the way to the bank. So your friend is a RE investor, a speculator if you will and he go stung by a spruiker, I'm surprised nail hasn't posted an LOL reply telling you your friend deserves everything he's getting. As you well know the only people nail hates worst than home owners are investors.

when did I ever say that dickhead ? If the investment was made in a value added product then I'm all for investments but if its part of denying genuine home owners a home because of someone else's insatiable desire to hoard as many properties as they can then I don't have much sympathy for them if they do their money.

Bobby. wrote on Mar 13^th, 2012 at 1:19pm:

BigOl64 wrote on Mar 13th, 2012 at 1:08pm: Bobby. wrote on Mar 13th, 2012 at 12:56pm: Big Mouth, Quote: No one cares about your made up 'friend' on the gold coast; anyone who buys there is asking for trouble. Big Mouth, It's not made up - it's a real person in distress caused by a property real estate maggott who got them to buy a place at too high a price - with a deal where "you can't lose". They paid over $800,000 for a property that is worth $480,000. The real estate agent was crying all the way to the bank. So your friend is a RE investor, a speculator if you will and he go stung by a spruiker, I'm surprised nail hasn't posted an LOL reply telling you your friend deserves everything he's getting. As you well know the only people nail hates worst than home owners are investors. And you don't care about that person. You only care about number 1. A typical Libbo.

libbos only care about the value of their house even if it is at great expense to other people who can't afford to fuel the bubble.

Nail,

Quote:

If the investment was made in a value added product then I'm all for investments but if its part of denying genuine home owners a home because of someone else's insatiable desire to hoard as many properties as they can then I don't have much sympathy for them if they do their money.

Hi Nail,
In this case it was a little old lady who's super was losing money
so the bright idea was to buy real estate with that super money
on a deal where you couldn't lose because property was always going up.

If the super schemes had done their job properly she wouldn't have bought the place.

Bobby. wrote on Mar 13^th, 2012 at 1:19pm:

And you don't care about that person. You only care about number 1. A typical Libbo.

You're right I don't care about your friend; along with the billions of other people outside of my immediate family and friends; doesn't mean I'm a 'libbo'.

The difference is, I don't hate your friend because he was trying to get ahead in life by investing in real estate, I don't find pleasure in his predicament, unlike some on this board.


You have to ask yourself why does someone hate people just because they are trying to get ahead in life, that they may end up with more due to more effort and higher risk?

If you think the worst insult is to call someone a 'libbo', then I can think of worse to call the type of person that finds pleasure in the misfortune of others; I would never 'LOL' at someone else's misfortune.

It's the property spruikers we hate for sprouting lies about real estate never losing value.

It hasn't bottomed yet, nowhere near.

Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's.

Where were the floods in St Kilda? I didn't hear about that, hope everyone is ok.

Real estate is going the same way as manufacturing and retail.....south. But never fear, other industries will take their place, renewable energy and sustainable cottage industries.

Anyone have any innovative ideas? I know you do lastnail with your non fossil fool cars. Anyone else?

Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens!

Big,

Quote:

You have to ask yourself why does someone hate people just because they are trying to get ahead in life

Nail just gets annoyed at people who buy 10 properties while
there are so many families caught in the rental trap.
He doesn't hate a little old lady who got conned out of her super
by a real estate maggot.

Big,
You need to take a good look at yourself in the mirror.
You're not the full quid.

Pansi,

Quote:

Buying and selling houses to at an ever increased price is finished pity for the last ones to buy before the crash...... sh*t happens!

That's very true Pansi.

Also there was no flood in St Kilda.

Bobby. wrote on Mar 13^th, 2012 at 2:35pm:

Big, Quote: You have to ask yourself why does someone hate people just because they are trying to get ahead in life Nail just gets annoyed at people who buy 10 properties while there are so many families caught in the rental trap. He doesn't hate a little old lady who got conned out of her super by a real estate maggot. Big, You need to take a good look at yourself in the mirror. You're not the full quid.

Actually if you read his posts he has never specified 10 houses, he just laughs at anyone who is about to do there @rse in the RE market, I bet he is having a quiet LOL at your friend now.

He is a a hateful and envious person with an extremely limited intellect, resorting in personal abuse and childish arguiments when caught out. It's just who he is as a person, and I just don't respect morons.


Read the first page of this thread it's just him laughing about the fact that he believes the market is crashing; this would affect everyone who owns a home. I find that attitude to be pretty offensive.

Ex Dame Pansi wrote on Mar 13^th, 2012 at 2:23pm:

Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens!

Interesting that you admit that you, nail and bobby are giving financial advice, something none of you are qualified or licenced to do.

What are going to say to the people that took your advice and missed buying a home when the market corrects as it will inevitably do, just like it has for the previous 4 or 5 centuries?

My advice to you three is don't give advice about things that you know less than nothing about; someone might follow it.

You might want to point out to people who want to follow your advice that in 2008 you took out all your money from the bank and put it under your mattress and was still storing your money in the Bank of Sealy Posturepedic some years later still believing the banks would crash.

Sorry - the capital guaranteed fund is where my money is.

I was proven right on that too!

Also -  people should seek professional financial advice -
not listen to anyone on a forum - including me.

I have only provided anecdotal evidence that you can get ripped off.

BigOl64 wrote on Mar 13^th, 2012 at 3:15pm:

Ex Dame Pansi wrote on Mar 13th, 2012 at 2:23pm: Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens! Interesting that you admit that you, nail and bobby are giving financial advice, something none of you are qualified or licenced to do. What are going to say to the people that took your advice and missed buying a home when the market corrects as it will inevitably do, just like it has for the previous 4 or 5 centuries? My advice to you three is don't give advice about things that you know less than nothing about; someone might follow it. You might want to point out to people who want to follow your advice that in 2008 you took out all your money from the bank and put it under your mattress and was still storing your money in the Bank of Sealy Posturepedic some years later still believing the banks would crash.

That would be friendly advice, like you would give to your children, as opposed to financial advice that you would pay a financial adviser big bucks for.

Where are we bigole?

A political forum, that's right.

Do we not discuss the pro's and cons of a wide variety of issues on here?

Yes, we have a diverse array of opinions and we choose to either agree or disagree with them, but I hardly think anyone is stupid enough to take the advice of an anonymous poster on a political forum too seriously, do you? It's mostly the speculators who will lose out in the crash anyway and serves them right. They should have gambled on the stock exchange.

The others who will lose out is those who took advantage of the governments first home owners grant. They will be paying a rather large mortgage when it should never have been like that.

The government should leave their beaks out of housing instead of trying to create an industry whereby people artificially increase prices.

Our housing is extremely over valued and it's about time we got back to reality.

As for the market correcting. No way, not in your life time. Have you heard of the end of growth? It's here.

Sir lastnail wrote on Mar 13^th, 2012 at 12:00pm:

Bobby. wrote on Mar 13th, 2012 at 11:52am: Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money. Like I always say, free advice is worth what you pay for it. Can you imagine borrowing 600K to buy something  that is now worth only 400K and landing up in negative equity !! Well that is exactly the advice that madweekend was doling out here just a few years ago :(

I borrowed $600k
Paid $500k

It's valued now at $1.3m and I own it with no mortgage.

You paying rent this month Lastnail?
I will pay no rent, no mortgage and the Asians in my house will give me $2k+ for their rent.

Tell you what, it's a hard life mate?

And if you think people are fools to own property why did you get so angry that my parents bought several to rent out to students???
They are helping you man, providing quality accommodation at affordable prices...

BigOl64 wrote on Mar 13^th, 2012 at 1:45pm:

Bobby. wrote on Mar 13th, 2012 at 1:19pm: And you don't care about that person. You only care about number 1. A typical Libbo. You're right I don't care about your friend; along with the billions of other people outside of my immediate family and friends; doesn't mean I'm a 'libbo'. The difference is, I don't hate your friend because he was trying to get ahead in life by investing in real estate, I don't find pleasure in his predicament, unlike some on this board. You have to ask yourself why does someone hate people just because they are trying to get ahead in life, that they may end up with more due to more effort and higher risk? If you think the worst insult is to call someone a 'libbo', then I can think of worse to call the type of person that finds pleasure in the misfortune of others; I would never 'LOL' at someone else's misfortune.

where does hate come into it ?

Why do you libbos hate it when prices come down so that it is more affordable for battlers on struggle street ? Wouldn't you be happy for them ?

You only seem to be happy when everyone is being ripped off.

The problem with the system in Australia is that property hoarders and speculators get tax concessions that first home buyers don't get. As a result people who just want to own one home for themselves have to compete with others who have an advantage when it comes to owning more than one home as an investment. If you think that is a fair system then you need get your priorities right.

Andrei,

Quote:

It's valued now at $1.3m and I own it with no mortgage.

Well done Andrei if it's true.
Could you please stop gloating.

Gloating:  definition

Quote:

Contemplate or dwell on one's own success or another's misfortune with malignant pleasure:

Andrei.Hicks wrote on Mar 13^th, 2012 at 3:43pm:

I borrowed $600k Paid $500k It's valued now at $1.3m and I own it with no mortgage. You paying rent this month Lastnail? I will pay no rent, no mortgage and the Asians in my house will give me $2k+ for their rent. Tell you what, it's a hard life mate? And if you think people are fools to own property why did you get so angry that my parents bought several to rent out to students??? They are helping you man, providing quality accommodation at affordable prices...

I couldn't give a flying bugger about your supposed accomplishments. Nobody in their right mind would believe a word you say Walter Mitty.

Why don't you take a trip to Germany and see some real accomplishments. A lot of people rent in Germany because unlike the low achievers in Australia they don't see property as a major achievement in life. They are too busy running real export businesses rather than ripping each other off on property deals in a ponzi scheme :( Go there some time Hicks. I bet you'd feel out of place because they wouldn't consider you as a high achiever. You'd be an unemployable nobody who knows how to push a few beans on a bean counter :D LOL

Ex Dame Pansi wrote on Mar 13^th, 2012 at 2:23pm:

It's the property spruikers we hate for sprouting lies about real estate never losing value. It hasn't bottomed yet, nowhere near. Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Where were the floods in St Kilda? I didn't hear about that, hope everyone is ok. Real estate is going the same way as manufacturing and retail.....south. But never fear, other industries will take their place, renewable energy and sustainable cottage industries. Anyone have any innovative ideas? I know you do lastnail with your non fossil fool cars. Anyone else? Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens!

Sounds like our advice is falling on deaf ears.

http://www.moneymorning.com.au/20120306/the-australian-property-market-and-the-conversation-nobody-wants-to-hear.html#more-8309


Quote:

The Australian Property Market and the Conversation Nobody Wants to Hear Why the Property Market is Running Out of Gas It seems almost no Australian property owner wants to hear anything negative about the property market – even if it is the truth. So when I started throwing about a few iffy statistics I’d had my eye on, I felt about as welcome as a fart in a spacesuit. Do you think they wanted to hear that annual housing credit growth is at a 35-year low? Not particularly. But it is. Housing credit is the ‘gas’ that inflated the property bubble. As investors and home buyers take out more loans, it facilitates property demand, which leads to higher prices. A month ago, annual housing credit had fallen to a record low of 5.4% year on year. Last week, this fell again to set a new 35-year low of 5.3% year-on-year growth. The result? At best – housing holds its ground. At worst, gravity finally catches up with the Australian property market in earnest, and we see it fall significantly as it has in every other Western property market. Housing credit is the lifeblood of rising property prices. Housing credit growth levels spent most of the last 20 years in the double digits. With levels of only 5.3% year-on-year growth today, it is impossible to see property prices staying at their ‘laws-of-physics-defying’ high levels. We have also just got news that new homes sales in Australia crashed by a record monthly fall of 7.3% in January. The monthly fall in new sales was not a one off, and is part of a trend. Multi-unit sales have been smashed 25.1% if you compare sales over the last three months to the same period in 2011. So where do we stand now? The chart from the Reserve Bank of Australia gives us an idea. Australian Property Prices Are Clearly Trending Down

http://www.moneymorning.com.au/images/mm20120306a.jpg

http://www.moneymorning.com.au/images/mm20120306b.jpg


Quote:

Source: RBA Australian property prices did actually pick up 0.8% in February, and these charts don’t show this. I’m not reading too much into this. One month’s figures are meaningless on their own, and this is likely to be just a blip. The trend is still clearly down, which suggests prices have further to fall just yet. The Aussie economy has just had more bad news. Data released yesterday on the Aussie retail sector, painted a bleak picture for the economy. The Australian services index contracted in a big way last month. Anything under 50 means the sector is shrinking – and in February it was at 46.7, plummeting down from a barely expansionary 51.9 in January. The ‘employment measure’ figure dropped from 51.2 to 47.5. Sales and new orders also fell by a similar amount. This matters to Australian property owners because the retail industry directly employs around 15% of the Australian workforce, and indirectly employs far more. When such a large chunk of the Aussie workforce is starting to do it tough, you should expect a slowdown in the Australian economy and a further fall in property prices. Betting on Australian Property Prices Falling Many large hedge funds overseas are betting on Australian property prices to crack sometime this year. They don’t tend to reveal how they are doing this, but I expect they are shorting property funds, the Aussie dollar, or possibly interest rate futures. The easiest way for most everyday investors to do the same is to sell their homes. However, RP Data-Rismark are now launching an index that allows investors to trade Australian property prices on a daily basis. It is not up and running yet, and it’s not clear yet whether it is possible to short sell the index to profit from falling prices. If it is possible to short sell this index, it may have started just at the right time for property bears. It looks increasingly like Australian property could face the same dose of salts that has affected nearly every other property market in the world in the last few years. But … do you think the other dinner guests wanted to hear all that?

Sir lastnail wrote on Mar 13^th, 2012 at 3:56pm:

Andrei.Hicks wrote on Mar 13th, 2012 at 3:43pm: I borrowed $600k Paid $500k It's valued now at $1.3m and I own it with no mortgage. You paying rent this month Lastnail? I will pay no rent, no mortgage and the Asians in my house will give me $2k+ for their rent. Tell you what, it's a hard life mate? And if you think people are fools to own property why did you get so angry that my parents bought several to rent out to students??? They are helping you man, providing quality accommodation at affordable prices... I couldn't give a flying bugger about your supposed accomplishments. Nobody in their right mind would believe a word you say Walter Mitty. Why don't you take a trip to Germany and see some real accomplishments. A lot of people rent in Germany because unlike the low achievers in Australia they don't see property as a major achievement in life. They are too busy running real export businesses rather than ripping each other off on property deals in a ponzi scheme :( Go there some time Hicks. I bet you'd feel out of place because they wouldn't consider you as a high achiever. You'd be an unemployable nobody who knows how to push a few beans on a bean counter :D LOL

Hey mate would this be the Germany that you said never gets above 30C in summer??

Difference between you and I my friend is that I have been to Germany.
We used to go there on school trips - its only an hour and a bit away from my hometown.

You know very little about Germany in fact.

Did you know they pay well above what we do in income tax though????

Andrei.Hicks wrote on Mar 13^th, 2012 at 4:11pm:

Sir lastnail wrote on Mar 13th, 2012 at 3:56pm: Andrei.Hicks wrote on Mar 13th, 2012 at 3:43pm: I borrowed $600k Paid $500k It's valued now at $1.3m and I own it with no mortgage. You paying rent this month Lastnail? I will pay no rent, no mortgage and the Asians in my house will give me $2k+ for their rent. Tell you what, it's a hard life mate? And if you think people are fools to own property why did you get so angry that my parents bought several to rent out to students??? They are helping you man, providing quality accommodation at affordable prices... I couldn't give a flying bugger about your supposed accomplishments. Nobody in their right mind would believe a word you say Walter Mitty. Why don't you take a trip to Germany and see some real accomplishments. A lot of people rent in Germany because unlike the low achievers in Australia they don't see property as a major achievement in life. They are too busy running real export businesses rather than ripping each other off on property deals in a ponzi scheme :( Go there some time Hicks. I bet you'd feel out of place because they wouldn't consider you as a high achiever. You'd be an unemployable nobody who knows how to push a few beans on a bean counter :D LOL Hey mate would this be the Germany that you said never gets above 30C in summer?? Difference between you and I my friend is that I have been to Germany. We used to go there on school trips - its only an hour and a bit away from my hometown. You know very little about Germany in fact. Did you know they pay well above what we do in income tax though????

I have German friends who tell me all about it and I have dealt with Germans in my business. Have you ever created something and sold it to a customer in Germany ?  Of course you haven't because it is so far removed from someone who thinks a little hovel of a house in Australia is a major achievement in life. What could you possibly offer Germany :D LOL

Yes and Germans do pay a lot of tax but their Government looks after them in their twilight years unlike this joint where you get ripped off on super scammers and put in a nursing home run by a scammer who gives you a kerosene bath :(

Hi Nail,
Andrei employs a fallacy called
"the exception proves the rule"

Because he says he was successful that somehow proves
that property is a good investment.

Bobby. wrote on Mar 13^th, 2012 at 4:23pm:

Hi Nail, Andrei employs a fallacy called "the exception proves the rule" Because he says he was successful that somehow proves that property is a good investment.

It's even worse because he cannot substantiate any of his claims whilst he hides behind an anonymous name so his claims are totally irrelevant to this thread.

Bobby. wrote on Mar 13^th, 2012 at 11:52am:

Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money.

if they listened to me they'd be in a house worth as amuch as 50% more than what they paid for it. if they'd listened to you two blowahrds, they'd still be living in rental accomodation and $100,000 or more worse off.

enjoying the housemates and the rent, losernail?

Sir lastnail wrote on Mar 13^th, 2012 at 12:00pm:

Bobby. wrote on Mar 13th, 2012 at 11:52am: Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money. Like I always say, free advice is worth what you pay for it. Can you imagine borrowing 600K to buy something  that is now worth only 400K and landing up in negative equity !! Well that is exactly the advice that madweekend was doling out here just a few years ago :(

except of course that on average that $600K property is worth $800K or more. pity your facts are as dodgy as your intelligence.

Bobby. wrote on Mar 13^th, 2012 at 12:10pm:

I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones.

thus proving MY point and demolishing your lover's point.

well done. even an idiot can occasionally say something worthwhile even if only by accident!

Bobby. wrote on Mar 13^th, 2012 at 12:39pm:

BigOl64 wrote on Mar 13th, 2012 at 12:15pm: Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. Well you just learned something that has escaped nail and pansi, buying a house and living in it for a decade or so doesn't lose you money; selling it at the bottom of the market cycle may very well do. You may speak the same sh1t as those pair of retards, but you still do what is 'normal'. Big, No - I was lucky. I know someone on the Gold Coast who has  the highest offer for their appartment by the sea of 60% of what they paid for it. They owe money & so can't sell it. They are stuck with it & it costs them heaps every month to service the loan. Tenants stop paying rent & they can't kick them out. You're full of poo big mouth.

700,000 house sales per year and you base your beliefes on ONE property in a known problem area.

and you wonder why we call you a fool.

Ex Dame Pansi wrote on Mar 13^th, 2012 at 2:23pm:

It's the property spruikers we hate for sprouting lies about real estate never losing value. It hasn't bottomed yet, nowhere near. Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Where were the floods in St Kilda? I didn't hear about that, hope everyone is ok. Real estate is going the same way as manufacturing and retail.....south. But never fear, other industries will take their place, renewable energy and sustainable cottage industries. Anyone have any innovative ideas? I know you do lastnail with your non fossil fool cars. Anyone else? Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens!

you've been saying this for five years now while property has DOUBLED in price. dont you ever get sick of being wrong in the Flannery-mold? You ahve bene LITERALLY 100% wrong. you predicted a 70% crash in prices and instead saw a 100% INCREASE.  that makes you wrong by the HUGEST of margins.

yet here you are sprouting the same old crap and the same old lies whiel the rest of us ar going on ahead.

enjoy rent -day losers. you wil lbe experiencing it til the day you die and nthen pass on absolutely nothing to your kids.  what a wonderful example of loser-dom.

Sir lastnail wrote on Mar 13^th, 2012 at 4:27pm:

Bobby. wrote on Mar 13th, 2012 at 4:23pm: Hi Nail, Andrei employs a fallacy called "the exception proves the rule" Because he says he was successful that somehow proves that property is a good investment. It's even worse because he cannot substantiate any of his claims whilst he hides behind an anonymous name so his claims are totally irrelevant to this thread.

says the loser who claims to be an international businessman and in R&D yet cannot supply even the tiniest bit of evidence to support it. not even an outragious claim. nothing at all. Andrei's knoweldege of accounting is quite obvious. but when you talk on virtually ANY topic all you display is your ignorance and your arrogance.

longweekend58 wrote on Mar 13^th, 2012 at 7:31pm:

Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. thus proving MY point and demolishing your lover's point. well done. even an idiot can occasionally say something worthwhile even if only by accident!

Longweekend,

Firstly - I am not now nor have I ever been a homosexual.

Secondly - I bought mine in 2003.
I got away with it but many people who bought
soon afterwards didn't.
Who did well buying in say 2008?
All the ones I know lost equity.
I know another person who's in a hell of a lot
of financial trouble after getting involved in 3 houses.

Thirdly -
apologise to any readers who may have listened
to your rubbish advice and lost money.

longweekend58 wrote on Mar 13^th, 2012 at 7:29pm:

Bobby. wrote on Mar 13th, 2012 at 11:52am: Sir lastnail wrote on Mar 13th, 2012 at 11:44am: Bobby. wrote on Mar 13th, 2012 at 11:38am: Longweekend, Just man up & apologise. You know you've been spruiking property prices since 2007 on Yahoo politics. I know you Longweekend - I know where the skeletons are in your closet! madweekends famous last words ;) Buy NOW because it's the best time to buy !! :D :D :D :D :D LOL Hi Nail, I hope that no one on this forum has listened to his irresponsible advice & lost money. if they listened to me they'd be in a house worth as amuch as 50% more than what they paid for it. if they'd listened to you two blowahrds, they'd still be living in rental accomodation and $100,000 or more worse off. enjoying the housemates and the rent, losernail?

It's funny how you never took your own advice and bought 10 houses at the time and made a quick million bucks. Surely that would be more lucrative than training people how to turn taps on and off :D LOL

Bobby. wrote on Mar 13^th, 2012 at 9:49pm:

longweekend58 wrote on Mar 13th, 2012 at 7:31pm: Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. thus proving MY point and demolishing your lover's point. well done. even an idiot can occasionally say something worthwhile even if only by accident! Longweekend, Firstly - I am not now nor have I ever been a homosexual. Secondly - I bought mine in 2003. I got away with it but many people who bought soon afterwards didn't. Who did well buying in say 2008? All the ones I know lost equity. I know another person who's in a hell of a lot of financial trouble after getting involved in 3 houses. Thirdly - apologise to any readers who may have listened to your rubbish advice and lost money.

badweekend was still telling people to buy at the top of the bubble and he is still telling people to buy now ;)

Buy NOW because it's the best time to buy :D :D :D :D LOL

I think from what i see here house prices in Australia is good time to buy and make the profit.

Many older Aussie students in some of my classes is has many houses --more than 1 house-- you know is much harder to do this in Israel.

Longweekend,
Just man up & apologise.

You know you've been spruiking property prices since 2007
on Yahoo politics.
I know you Longweekend - I know where the skeletons are in your closet!

longweekend58 wrote on Mar 13^th, 2012 at 7:43pm:

Sir lastnail wrote on Mar 13th, 2012 at 4:27pm: Bobby. wrote on Mar 13th, 2012 at 4:23pm: Hi Nail, Andrei employs a fallacy called "the exception proves the rule" Because he says he was successful that somehow proves that property is a good investment. It's even worse because he cannot substantiate any of his claims whilst he hides behind an anonymous name so his claims are totally irrelevant to this thread. says the loser who claims to be an international businessman and in R&D yet cannot supply even the tiniest bit of evidence to support it. not even an outragious claim. nothing at all. Andrei's knoweldege of accounting is quite obvious. but when you talk on virtually ANY topic all you display is your ignorance and your arrogance.

Like yourself Andrei doesn't even understand the reserve banking system and he reckons he has studied economics. What a pair of fools trying to give other people financial advice :D LOL

The other point is you have never engaged on any technical depth on any topic that I have presented to you. You talk about cars but I bet you don't even know where the dipstick is, probably because you are one.

Avram Horowitz wrote on Mar 13^th, 2012 at 10:15pm:

I think from what i see here house prices in Australia is good time to buy and make the profit. Many older Aussie students in some of my classes is has many houses --more than 1 house-- you know is much harder to do this in Israel.

Even better time to buy in Ireland and Spain. How about this for a bargain in Ireland. An ocean front hotel with 55 rooms going for a cool 650,000 Euros ;) Get in quick so you don't miss out. It could be the bargain of a life time ;)

And you are right. Israel probably doesn't encourage property speculation simply because it wants to encourage academic excellence and technical innovation rather than engage in another property ponzi scam that has crippled other economies ;)

Longweekend,
Just man up & apologise.

You know you've been spruiking property prices since 2007
on Yahoo politics.
I know you Longweekend - I know where the skeletons are in your closet!

Sir lastnail wrote on Mar 13^th, 2012 at 10:23pm:

Avram Horowitz wrote on Mar 13th, 2012 at 10:15pm: I think from what i see here house prices in Australia is good time to buy and make the profit. Many older Aussie students in some of my classes is has many houses --more than 1 house-- you know is much harder to do this in Israel. Even better time to buy in Ireland and Spain. How about this for a bargain in Ireland. An ocean front hotel with 55 rooms going for a cool 650,000 Euros ;) Get in quick so you don't miss out. It could be the bargain of a life time ;) And you are right. Israel probably doesn't encourage property speculation simply because it wants to encourage academic excellence and technical innovation rather than engage in another property ponzi scam that has crippled other economies ;)

650,000 EUR? No thank you,, i must pass this request to somebodys who can pay this,,

i do not own home as yet and has been rental in Tel Aviv for some years,, property price is come down next 1.5 year so i may come to buy is then.

But property tax and law in Israel make it harder to buy the many propertys like my classmate here in australia have done.
Maybe i buy in australia when i can have the AUD?  ;)

Avram Horowitz wrote on Mar 13^th, 2012 at 10:50pm:

Sir lastnail wrote on Mar 13th, 2012 at 10:23pm: Avram Horowitz wrote on Mar 13th, 2012 at 10:15pm: I think from what i see here house prices in Australia is good time to buy and make the profit. Many older Aussie students in some of my classes is has many houses --more than 1 house-- you know is much harder to do this in Israel. Even better time to buy in Ireland and Spain. How about this for a bargain in Ireland. An ocean front hotel with 55 rooms going for a cool 650,000 Euros ;) Get in quick so you don't miss out. It could be the bargain of a life time ;) And you are right. Israel probably doesn't encourage property speculation simply because it wants to encourage academic excellence and technical innovation rather than engage in another property ponzi scam that has crippled other economies ;) 650,000 EUR? No thank you,, i must pass this request to somebodys who can pay this,, i do not own home as yet and has been rental in Tel Aviv for some years,, property price is come down next 1.5 year so i may come to buy is then. But property tax and law in Israel make it harder to buy the many propertys like my classmate here in australia have done. Maybe i buy in australia when i can have the AUD?  ;)

Well that's how much you will have to pay in Australia  here for a 2 bedroom hovel in Sydney :(

Its better to live on the border in Israel next to some Lebanese neighbours ...just watching the missiles going 'over'. ;D

Bobby. wrote on Mar 13^th, 2012 at 9:49pm:

longweekend58 wrote on Mar 13th, 2012 at 7:31pm: Bobby. wrote on Mar 13th, 2012 at 12:10pm: I bought mine in 2003 - it is worth 80% more than what I paid for it. I was one of the lucky ones. thus proving MY point and demolishing your lover's point. well done. even an idiot can occasionally say something worthwhile even if only by accident! Longweekend, Firstly - I am not now nor have I ever been a homosexual. Secondly - I bought mine in 2003. I got away with it but many people who bought soon afterwards didn't. Who did well buying in say 2008? All the ones I know lost equity. I know another person who's in a hell of a lot of financial trouble after getting involved in 3 houses. Thirdly - apologise to any readers who may have listened to your rubbish advice and lost money.

virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases. all your wanking on is just that. you know ONE person while the 750,000 other buyers dont havea problem.

its remarkable talking with you. your idiocy and obstinate foolisheness is something to behold. formal statistics show a 100% price increase in ten years but no... you and toenail and pansi know better. you three - renters and morons - think everything that teh rest of the country knows and experiences is wrong.

and you wonder why we mock you three so often and so easily.

Longweekend refuses to read the truth:


Quote:

Top 10 median price drops in percentage terms for 2011 1. North Booval (QLD) -46.3% (houses) to $154,000 2. Mittaggong (NSW) -45.1% (units) to $225,000 3. Joliment (WA) -44.4% (units) to $342,000 4. Carey Bay (NSW) -42.6% (houses) to $266,001 5. St Kilda West (VIC) -41.8% (houses) to $1,455,000 6. Port Augusta (SA) -41.5% (units) to $120,000 7. Golden Beach (QLD) -40.9% (houses) to $85,750 8. Rainbow Beach (QLD) -40.8% (units) to $219,750 9. Acacia Ridge (QLD) -40.8% (units) to $298,500 10. Eagle Farm (QLD) -40.4% (units) to $786,500

longweekend58 wrote on Mar 14^th, 2012 at 3:16pm:

virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases. all your wanking on is just that. you know ONE person while the 750,000 other buyers dont havea problem. its remarkable talking with you. your idiocy and obstinate foolisheness is something to behold. formal statistics show a 100% price increase in ten years but no... you and toenail and pansi know better. you three - renters and morons - think everything that teh rest of the country knows and experiences is wrong. and you wonder why we mock you three so often and so easily.

Warren Buffet only owns the one joint he lives in and look how much more successful he is than you are :D LOL

What went wrong with your great financial wisdom  ??

Got anymore great financial advice to offer us Mr Waterman ?? :D LOL

Longweekend,

Quote:

virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases

Longweekend,
Please provide a link to prove this statement -  or apologise.

Things are just not true because you say so.

Longweekend,
Please provide a link to prove this statement -  or apologise.


You married batpoo?

blackadder wrote on Mar 14^th, 2012 at 6:59pm:

Longweekend, Please provide a link to prove this statement -  or apologise. You married batpoo?

Why - are you looking for a bum chum?

Bobby. wrote on Mar 14^th, 2012 at 7:01pm:

blackadder wrote on Mar 14th, 2012 at 6:59pm: Longweekend, Please provide a link to prove this statement -  or apologise. You married batpoo? Why - are you looking for a bum chum?

No way  batpoo. I would never try to break up a happy couple like you and nails.

Bobby. wrote on Mar 14^th, 2012 at 6:47pm:

Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so.

like your typical libbo madweekend is so full of himself he always thinks he speaks for the majority !!

blackadder wrote on Mar 14^th, 2012 at 7:09pm:

Bobby. wrote on Mar 14th, 2012 at 7:01pm: blackadder wrote on Mar 14th, 2012 at 6:59pm: Longweekend, Please provide a link to prove this statement -  or apologise. You married batpoo? Why - are you looking for a bum chum? No way  batpoo. I would never try to break up a happy couple like you and nails.

you're just pissed off because you keep getting rejected because of your personal hygiene problem ;) LOL

As soon as you win an argument out comes the old homo accusation.

Black idiot - get a life & a new joke.

All I did batpoo was to ask if you were married. It was you that offered me your @rse.


bobbythebat1   Online
Gold Member
Australian Politics
Melbourne

Gender: male
Posts: 5960
*****

blackadder wrote Today at 6:59pm:
Longweekend,
Please provide a link to prove this statement -  or apologise.


You married batpoo?



Why - are you looking for a bum chum?

longweekend58 wrote on Mar 13^th, 2012 at 7:38pm:

Ex Dame Pansi wrote on Mar 13th, 2012 at 2:23pm: It's the property spruikers we hate for sprouting lies about real estate never losing value. It hasn't bottomed yet, nowhere near. Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Where were the floods in St Kilda? I didn't hear about that, hope everyone is ok. Real estate is going the same way as manufacturing and retail.....south. But never fear, other industries will take their place, renewable energy and sustainable cottage industries. Anyone have any innovative ideas? I know you do lastnail with your non fossil fool cars. Anyone else? Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens! you've been saying this for five years now while property has DOUBLED in price. dont you ever get sick of being wrong in the Flannery-mold? You ahve bene LITERALLY 100% wrong. you predicted a 70% crash in prices and instead saw a 100% INCREASE.  that makes you wrong by the HUGEST of margins. yet here you are sprouting the same old crap and the same old lies whiel the rest of us ar going on ahead. enjoy rent -day losers. you wil lbe experiencing it til the day you die and nthen pass on absolutely nothing to your kids.  what a wonderful example of loser-dom.

http://www.livingin-australia.com/wp-content/uploads/2009/08/housepricessep11.gif
http://www.livingin-australia.com/australian-house-prices/

I don't know what part of the planet you come from LW or even if you live on the same planet, but clearly YOU ARE LIVING IN A PAST ERA!

Due to basic Demographics and other Macro Economic factors, the next 5-10 years will see -
1) Existing house Prices continue their recent trends, with further declines!
2) New Housing Construction will continue to decline, in line with the current trends!

Both of which are consistent with trends in the USA & Europe.

blackadder wrote on Mar 14^th, 2012 at 7:29pm:

All I did batpoo was to ask if you were married. It was you that offered me your @rse. bobbythebat1   Online Gold Member Australian Politics Melbourne Gender: male Posts: 5960 ***** blackadder wrote Today at 6:59pm: Longweekend, Please provide a link to prove this statement -  or apologise. You married batpoo? Why - are you looking for a bum chum?

Sorry Black but after your constant homosexual comments
I thought you were trolling for a like minded person.
I'm not one of them.
Go & join a gay forum.
There must be some on the internet.

From the diagram perceptions_now posted, I gather that prices dropped for almost a year, but have been back on the way up for the last few months.  Perhaps I am simplifying it too much, but it seems to me that you would only have lost money if you sold during that period.

What I want to know is how the hell bobby got his outline on that chart.

Or is Sydney calling for help from batman?  :-?

I noticed that too - rather odd, isn't it?

The Bat rules!

http://files.leagueathletics.com/Images/Club/11256/Logos/bat_legal.png

The job of Bobbythebat is to go into bat for the battlers.

Gist wrote on Mar 14^th, 2012 at 8:23pm:

What I want to know is how the hell bobby got his outline on that chart. Or is Sydney calling for help from batman?  :-?

Yeah, I noticed the Sydney Pricing too, from around June 2009 to June 2011!

It seems that Sydney may be a batman follower?

Frances wrote on Mar 14^th, 2012 at 8:18pm:

From the diagram perceptions_now posted, I gather that prices dropped for almost a year, but have been back on the way up for the last few months.  Perhaps I am simplifying it too much, but it seems to me that you would only have lost money if you sold during that period.

I would suspect the more likely outcome is that we (OZ) will follow a similar pattern to the USA & Europe, as indicated by the following chart.
http://www.jparsons.net/housingbubble/united_states.png

This reflects the Demographic influence of the Baby Boomers BOOM from the mid 1990's to around 2006 and then the BUST that has since followed!

In Australia, this effect was postponed temporarily, primarily by government input into the new home buyers market, but also by virtue that the Economic impact of the GFC on Australia was also largely postponed by virtue of the continuing positive impact on the OZ Economy by the Chinese Economy, which is only now starting to falter.

CRASH CRASH CRASH !!!

Yayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy :)


Buy right, shouldn't a 'crash' bring back prices to the point of the 1970's ? :-?

The Great Depression crashed things x3 times what they were.

Should I sell that spare house I have on the Upper North Shore now or later?

Frances wrote on Mar 14^th, 2012 at 8:18pm:

From the diagram perceptions_now posted, I gather that prices dropped for almost a year, but have been back on the way up for the last few months.  Perhaps I am simplifying it too much, but it seems to me that you would only have lost money if you sold during that period.

With the lowest growth rate in bank lending in 35 years  it's probably just a dead cat bounce caused by spruikers trying to pump up the markets in the media ;)

Bobby. wrote on Mar 14^th, 2012 at 6:47pm:

Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so.

you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices???

perceptions_now wrote on Mar 14^th, 2012 at 8:03pm:

longweekend58 wrote on Mar 13th, 2012 at 7:38pm: Ex Dame Pansi wrote on Mar 13th, 2012 at 2:23pm: It's the property spruikers we hate for sprouting lies about real estate never losing value. It hasn't bottomed yet, nowhere near. Myself, bobby and nails give people advice not to buy real estate because it is bound to lose value and we don't like to see ordinary family people ripped off by unscrupulous real estate agents that would rob their own grandma's. Where were the floods in St Kilda? I didn't hear about that, hope everyone is ok. Real estate is going the same way as manufacturing and retail.....south. But never fear, other industries will take their place, renewable energy and sustainable cottage industries. Anyone have any innovative ideas? I know you do lastnail with your non fossil fool cars. Anyone else? Buying and selling houses to at an ever increased price is finished  :)  :)  :) pity for the last ones to buy before the crash...... sh*t happens! you've been saying this for five years now while property has DOUBLED in price. dont you ever get sick of being wrong in the Flannery-mold? You ahve bene LITERALLY 100% wrong. you predicted a 70% crash in prices and instead saw a 100% INCREASE.  that makes you wrong by the HUGEST of margins. yet here you are sprouting the same old crap and the same old lies whiel the rest of us ar going on ahead. enjoy rent -day losers. you wil lbe experiencing it til the day you die and nthen pass on absolutely nothing to your kids.  what a wonderful example of loser-dom. http://www.livingin-australia.com/wp-content/uploads/2009/08/housepricessep11.gif http://www.livingin-australia.com/australian-house-prices/ I don't know what part of the planet you come from LW or even if you live on the same planet, but clearly YOU ARE LIVING IN A PAST ERA! Due to basic Demographics and other Macro Economic factors, the next 5-10 years will see - 1) Existing house Prices continue their recent trends, with further declines! 2) New Housing Construction will continue to decline, in line with the current trends! Both of which are consistent with trends in the USA & Europe.

your ability to incorectly interpret everything is legendary.  your own graph proves my point that housing has doubled in price since 04/05. it slso shows that housing prices remain pretty much stationery - also exactly what I ahve said and best of all...

you say this mirrors the US and Europe example. well lets see. in those cases houses HALVED in value. that is absolutely and nothing at all liek the australian situation or do the tersm 'half price' and 'full price' mean the same to you?

you see whatever you want to see and are consistently and perennially WRONG.

longweekend58 wrote on Mar 15^th, 2012 at 12:03pm:

Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices???

This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on.

Bobby. wrote on Mar 14^th, 2012 at 10:15pm:

The job of Bobbythebat is to go into bat for the battlers.

trouble is, all you go into bat for is nail...

and if you removed a couple words it is STILL true,

bobbythefap1 wrote on Mar 15^th, 2012 at 12:08pm:

longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on.

excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady.

longweekend58 wrote on Mar 15^th, 2012 at 12:10pm:

bobbythefap1 wrote on Mar 15th, 2012 at 12:08pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on. excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady.

Link?
And these unemployment rates are not accurate.
Regardless it doesnt matter when cost of living is increasing much more rapidly

bobbythefap1 wrote on Mar 15^th, 2012 at 12:11pm:

longweekend58 wrote on Mar 15th, 2012 at 12:10pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:08pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on. excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady. Link? And these unemployment rates are not accurate. Regardless it doesnt matter when cost of living is increasing much more rapidly

why would i bother with a link to a moron like you? You'd only say it was wrong - just as you say unemployment stats are wrong.  you believe only in your own opinions and that is the major reason you are such a loser.

longweekend58 wrote on Mar 15^th, 2012 at 12:13pm:

bobbythefap1 wrote on Mar 15th, 2012 at 12:11pm: longweekend58 wrote on Mar 15th, 2012 at 12:10pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:08pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on. excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady. Link? And these unemployment rates are not accurate. Regardless it doesnt matter when cost of living is increasing much more rapidly why would i bother with a link to a moron like you? You'd only say it was wrong - just as you say unemployment stats are wrong.  you believe only in your own opinions and that is the major reason you are such a loser.

I didn’t say they are wrong, they are inaccurate because they don’t actually represent what people think they do.
Yes much like everybody on this planet I believe my own opinions.

longweekend58 wrote on Mar 15^th, 2012 at 12:03pm:

Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices???

How's the South Australian economy going lately ??

I hear it's in recession along with Tasmania and you may as well throw Victoria into the mix as well :D LOL

You didn't see that one coming did you :D LOL

Buy NOW - because it's the best time to buy :D :D :D :D :D LOL

bobbythefap1 wrote on Mar 15^th, 2012 at 12:15pm:

longweekend58 wrote on Mar 15th, 2012 at 12:13pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:11pm: longweekend58 wrote on Mar 15th, 2012 at 12:10pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:08pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on. excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady. Link? And these unemployment rates are not accurate. Regardless it doesnt matter when cost of living is increasing much more rapidly why would i bother with a link to a moron like you? You'd only say it was wrong - just as you say unemployment stats are wrong.  you believe only in your own opinions and that is the major reason you are such a loser. I didn’t say they are wrong, they are inaccurate because they don’t actually represent what people think they do. Yes much like everybody on this planet I believe my own opinions.

the difference is thet you ONLY believe your own opinions. facts scarcely get a look-in.

longweekend58 wrote on Mar 15^th, 2012 at 12:25pm:

bobbythefap1 wrote on Mar 15th, 2012 at 12:15pm: longweekend58 wrote on Mar 15th, 2012 at 12:13pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:11pm: longweekend58 wrote on Mar 15th, 2012 at 12:10pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:08pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? This is actually part of the problem. House prices go up along with cost of living, wages go down and jobs are lost, majority cant afford to buy, buyers cant sell, people are forced to rent and get in debt, the cycle goes on. excepet of coure that wages are going UP in real terms and unemployment remains pretty much steady. Link? And these unemployment rates are not accurate. Regardless it doesnt matter when cost of living is increasing much more rapidly why would i bother with a link to a moron like you? You'd only say it was wrong - just as you say unemployment stats are wrong.  you believe only in your own opinions and that is the major reason you are such a loser. I didn’t say they are wrong, they are inaccurate because they don’t actually represent what people think they do. Yes much like everybody on this planet I believe my own opinions. the difference is thet you ONLY believe your own opinions. facts scarcely get a look-in.

Hmm once again sounds like every single person on this planet.
And I always evaluate facts.
Your problem is that you let emotion and social commitment gets in the way of properly evaluating facts and/or reality.

Sir lastnail wrote on Mar 15^th, 2012 at 12:21pm:

longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? How's the South Australian economy going lately ?? I hear it's in recession along with Tasmania and you may as well throw Victoria into the mix as well :D LOL You didn't see that one coming did you :D LOL Buy NOW - because it's the best time to buy :D :D :D :D :D LOL

actually its NOT in recession moron

enjoying your rented accomodations still? My house is now worth $600,000  for an initial purchase of $35000. and 5 years ago it was worth $350,000. Imagine my sadness at the amount of money I've lost - NEGATIVE $0.25M!!!!! all in the last 5 years.

must suck being you. it certainly sucks just listening to you!

longweekend58 wrote on Mar 15^th, 2012 at 12:28pm:

Sir lastnail wrote on Mar 15th, 2012 at 12:21pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? How's the South Australian economy going lately ?? I hear it's in recession along with Tasmania and you may as well throw Victoria into the mix as well :D LOL You didn't see that one coming did you :D LOL Buy NOW - because it's the best time to buy :D :D :D :D :D LOL actually its NOT in recession moron enjoying your rented accomodations still? My house is now worth $600,000  for an initial purchase of $35000. and 5 years ago it was worth $350,000. Imagine my sadness at the amount of money I've lost - NEGATIVE $0.25M!!!!! all in the last 5 years. must suck being you. it certainly sucks just listening to you!

It is certainly in the beginning progressive stages of recession. Investment unsteady, business profits down, inflation increasing, Employment down,  bankruptcies increasing rapidly, income going down, government increasing taxation, public spending down... What more do you need to think we are going into recession?

longweekend58 wrote on Mar 15^th, 2012 at 12:28pm:

actually its NOT in recession moron enjoying your rented accomodations still? My house is now worth $600,000  for an initial purchase of $35000. and 5 years ago it was worth $350,000. Imagine my sadness at the amount of money I've lost - NEGATIVE $0.25M!!!!! all in the last 5 years. must suck being you. it certainly sucks just listening to you!

Your only achievement in life is a borer infested old dump in South Australia with a way over inflated price tag that only an idiot would pay you for.

How come Warren Buffet did so much better than you did in life ??

And according to this article, South Australia is in recession. So much for your overinflated old dump and property ponzi scheme which was holding up the economy until it all fizzled out :D LOL


Quote:

State close to recession VICTORIA is on the brink of recession and South Australia and Tasmania are already in one, as the high dollar, high interest rates and government spending cuts slowed Australia's economic growth in the December quarter to just 0.4 per cent. A day after Reserve Bank governor Glenn Stevens left interest rates on hold, telling Australians that growth was ''close to trend'', the Australian Bureau of Statistics reported that growth in the year to December slowed to 2.3 per cent. Even in the six months to December, annualised growth was just 2.5 per cent. Virtually all of the growth was in the coal and iron ore states of Western Australia, Queensland and New South Wales. Victoria, South Australia and Tasmania all went backwards. The figures came as Treasury secretary Martin Parkinson revealed that federal and state revenues are now in crisis, with tax collections down by 4 per cent of GDP - almost $60 billion a year - and unlikely to return to former levels ''for many years to come''. He warned of more pain ahead, saying: ''For both levels of government, surpluses are likely to remain at best razor-thin without deliberate efforts to significantly increase revenue or reduce expenditure.'' Dr Parkinson blamed the revenue collapse partly on tax breaks for mining. He revealed that mining companies earn about 20 per cent of all corporate profits, but pay only about 10 per cent of all corporate taxes, thanks to their huge deductions for depreciation. Yesterday's figures show that in the first half of 2011-12, company tax collections rose just 1 per cent year-on-year. Last May the federal budget papers forecast an increase of 29 per cent. If the gap persists, it implies a revenue loss of $16 billion a year. The bureau said state governments' revenue across Australia rose just 1 per cent in the first half of the financial year, while their spending rose 5.4 per cent. The state revenue collapse - mainly due to the slump in house prices - turned a combined surplus for the states of $4.15 billion a year ago into a deficit of $500 million. The Baillieu government is implementing deep spending cuts to keep its budget in balance, cutting 3600 public sector jobs. The Gillard government has told departments and agencies their budgets will be cut by 4 per cent next year, implying thousands more jobs lost. Treasurer Wayne Swan said that the poor revenue and weak growth figures would force the government to make ''significant'' spending cuts and/or revenue increases in the May budget to achieve its goal of a budget surplus in 2012-13. ''There's no doubt that there'll have to be significant savings,'' he said. ''But we think we absolutely need to do it … to send a signal to the world that we're in good fiscal nick.'' Yesterday's figures show spending cuts are already dragging growth down. Cuts in state government investment wiped $2.5 billion off the nation's output for the December quarter, falling 15 per cent year-on-year as federal stimulus payments end and governments put off projects to stay in the black. Victoria was less affected than most. But in seasonally adjusted terms, the bureau estimates total spending in the Victorian economy fell 0.5 per cent in December, after growing just 0.1 per cent in the previous quarter. On its preferred trend measure, Victoria's bottom line fell marginally in the December quarter. Victoria, SA and Tasmania are being dragged down by the combination of a very high dollar, relatively high interest rates and government spending cuts. NSW is being kept going by coal investments, while WA and Queensland are booming. The bureau figures show a very sharp divide across Australia. Spending in Queensland, NT and WA combined grew 11.3 per cent year on year. In Victoria, NSW, SA, Tasmania and the ACT, combined spending grew by just 1.4 per cent. Read more: http://www.theage.com.au/business/state-close-to-recession-20120307-1ukme.html#ixzz1oVMzcvwc

and for the morons who repeatedly post atypical data on house prices...

http://www.businessspectator.com.au/bs.nsf/Article/property-housing-suburbs-millionaires-pd20120315-SDTBH?opendocument&src=idp&utm_source=exact&utm_medium=email&utm_content=22407&utm_campaign=kgb&modapt=commentary



Property Observer

For years I’ve encouraged analysts and commentators to avoid using the performance of property in the unique areas in which they live – e.g. Mosman, Toorak, Whale Beach, or the Mornington Peninsula – as a proxy for Australia's diverse, $4 trillion housing asset-class.

The behavioural tendency to extrapolate out from our immediate environs to the 8.5 million homes not located in our street leads to what psychologists might call an ‘anchoring bias’. It is no different to taking a micro-cap listed on the ASX, and assuming that its returns are a good guide for the ASX All Ordinaries Index. If anything, individual homes, and specific suburbs, are even more heterogeneous.

This anchoring bias is arguably exacerbated by the fact that media organisations tend to focus the bulk of their efforts on covering $1 million plus properties. But as my first chart below shows, these homes are irrelevant to 95 per cent of all Australian property buyers. In particular, this diagram depicts the distribution of all sales over the last 12 months sorted by price. You can see that homes worth more than $1 million accounted for just 5.7 per cent of total sales. For what it is worth, 90 per cent of all Australian homes sales were for dwellings worth less than $800,000.


click the image to enlarge


Anyone familiar with Australia’s housing market will intuit that this makes sense. The median dwelling price across all regions and property types was only $400,000 in December 2011. As I reported earlier in the week, Australia’s dwelling price-to-disposable household income ratio has now fallen 12 per cent from a peak of 5.2 times to its current level of around 4.5 times.

Notwithstanding these facts, the property liftouts in most newspapers and magazines dedicate an inordinate amount of space to the tiny minority of homes that trade for more than the magical million-dollar mark.
We also know that by dint of their incomes, many of the analysts, economists, retail bankers, fund managers, investment bankers, accountants and financial planners who are called on to proffer comment on Australian house prices live in its more salubrious suburbs. In this respect, they are especially ill-placed to make inferences about the broader market.

This is likely why during downturns, such as in 2008 or 2011, one frequently finds investment bankers amongst the most ‘bearish’ on conditions, with shrill claims they are down 10 to 30 per cent. Ironically, the bankers are probably right if they are talking about Bellevue Hill, Bondi, or Point Piper. But these statements are meaningless when it comes to the 450,000 homes that sell each year that are not located in these areas.

Of course, if the bankers’ communities were representative of the national market there would be no bias. But they are not. In fact, they have systematically underperformed during these corrections. My next chart shows the change in the value of homes situated in Australia’s ‘cheap’, ‘expensive’, and ‘mid-priced’ suburbs since the housing market started flat-lining in April 2010. The chart beneath it presents the same data in a slightly different way by comparing Australia’s most expensive suburbs with all others.


click the image to enlarge


click the image to enlarge


If you happen to live in the most affordable 20 per cent of suburbs, the value of your dwelling drifted by only a trivial 1.5 per cent over the last 1.5 years. If you inhabited the price cohort above, which we classify as the ‘middle 60 per cent’ of suburbs ranked by price, your home’s value declined, on average, by a still fairly modest 3.7 per cent.

It is, by way of contrast, the affluent who have suffered the worst. The most expensive 20 per cent of suburbs across Australia have registered much more substantial price falls of about 6.5 per cent over this period. And you can bet that if you broke this group down further, into, say, the dearest 10 per cent of suburbs, you would find steeper losses again.

So what explains the inferior performance of Australia’s most expensive localities over the last year or two? I would argue one candidate is post-GFC structural adjustment.

The financial services industry, which was one of the principal drivers of demand in the dearest suburbs in Australia’s non-resources states, has now quite radically altered its future growth expectations.

The retail banks, investment banks, and stockbroking firms are not shelling out anything like the pay-packets that were prevalent in the period preceding 2007. The abysmal performance of the sharemarket more generally has weighed heavily on the portfolios of wealthier individuals, who were often loaded up with equities by their advisors. If only they had more cash and fixed-income.

I would venture that this new ‘air-pocket’ in housing demand is most relevant to non-resources states, and to homes valued at between, say, $3 million and $10 million. Australia is still creating extraordinary wealth with the list of billionaires now numbering in excess of 20. And private sector wages growth, and total disposable household income growth, have been expanding at normal rates.

In the last one to two years, home buyers have received a tremendous affordability dividend, with the circa 4 per cent decline in house prices accompanied by healthy disposable income growth of around 5 per cent per annum. And now due to the RBA’s benevolence, mortgage rates are 0.40 percentage points lower than they were in October 2011.

So I suspect the housing market will remain healthy for most Australians. RP Data-Rismark’s new ‘daily’ house price index, which is quoted by the ASX, has reported small capital gains over February and March. There is nevertheless likely to be a fundamental downward adjustment in that specialised $3 million to $10 million segment that was once dominated by financial services professionals.

On the other hand, it is questionable whether demand at the extreme heights of the market, where estates trade for more than $20 million, and buyers typically have little debt, will be much affected.
Australia will keep on producing individuals worth hundreds of millions, if not billions, of dollars. For the time being, however, fewer will do so in financial services.



Christopher Joye is a leading financial economist and a director of Yellow Brick Road Funds Management and Rismark International. The above article is not investment advice.

you will need to go to the article to see the graphs.

bobbythefap1 wrote on Mar 15^th, 2012 at 12:38pm:

longweekend58 wrote on Mar 15th, 2012 at 12:28pm: Sir lastnail wrote on Mar 15th, 2012 at 12:21pm: longweekend58 wrote on Mar 15th, 2012 at 12:03pm: Bobby. wrote on Mar 14th, 2012 at 6:47pm: Longweekend, Quote: virtually everyone who bought houses in the last 5 years has shown a good profit on the purchases Longweekend, Please provide a link to prove this statement -  or apologise. Things are just not true because you say so. you're not seriously suggesting that it ISNT true despite the plethora of articles that you and your girlfriend frequently post about rapidly riding housing prices??? How's the South Australian economy going lately ?? I hear it's in recession along with Tasmania and you may as well throw Victoria into the mix as well :D LOL You didn't see that one coming did you :D LOL Buy NOW - because it's the best time to buy :D :D :D :D :D LOL actually its NOT in recession moron enjoying your rented accomodations still? My house is now worth $600,000  for an initial purchase of $35000. and 5 years ago it was worth $350,000. Imagine my sadness at the amount of money I've lost - NEGATIVE $0.25M!!!!! all in the last 5 years. must suck being you. it certainly sucks just listening to you! It is certainly in the beginning progressive stages of recession. Investment unsteady, business profits down, inflation increasing, Employment down,  bankruptcies increasing rapidly, income going down, government increasing taxation, public spending down... What more do you need to think we are going into recession?

Plus the lowest bank lending growth in 35 years !!

Forget about madweekend. He has always been in denial of reality. He lives in a fantasy world of Alice in Wonderland. No wonder he has a paranormal friend called Jesus :D LOL

well Id rather enjoy my level of 'failure' than your level of 'success'!!!

longweekend58 wrote on Mar 15^th, 2012 at 12:50pm:

well Id rather enjoy my level of 'failure' than your level of 'success'!!!

Its people like you that make the oncoming financial collapse seem very palatable

Quote:

the difference is thet you ONLY believe your own opinions. facts scarcely get a look-in.

Says the guy who literally believes in fairy tales
;D

longweekend58 wrote on Mar 15^th, 2012 at 12:50pm:

well Id rather enjoy my level of 'failure' than your level of 'success'!!!

The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing.

Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL

This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !!

Quite right Nail,
It's not fair that one person can own 10 houses while the
taxpayer is expected to build state housing for other struggling families.

Sir lastnail wrote on Mar 15^th, 2012 at 1:04pm:

longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing. Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !!

defining success is always difficult, but it is not difficult to compare a home owner with an already highly appreciated asset against a loser in rented accomodation. you will ALWAYS be a loser in that comparison.

Bobby. wrote on Mar 15^th, 2012 at 1:43pm:

Quite right Nail, It's not fair that one person can own 10 houses while the taxpayer is expected to build state housing for other struggling families.

of course that person with the 10 houses is actually the one mainly paying the tax that builds public housing which mainly exists for losers like lastnail who refuse to save and study and work hard to buy a house themselves.

bobbythefap1 wrote on Mar 15^th, 2012 at 12:55pm:

longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable

its people like you that give 'idiots' such a bad name.

longweekend58 wrote on Mar 15^th, 2012 at 2:15pm:

bobbythefap1 wrote on Mar 15th, 2012 at 12:55pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable its people like you that give 'idiots' such a bad name.

An international businessman means WINNER.
A water trainer means LOSER.

longweekend58 wrote on Mar 15^th, 2012 at 2:15pm:

bobbythefap1 wrote on Mar 15th, 2012 at 12:55pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable its people like you that give 'idiots' such a bad name.

Says the guy who literally believes in fairy tales

Bobby. wrote on Mar 15^th, 2012 at 2:34pm:

longweekend58 wrote on Mar 15th, 2012 at 2:15pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:55pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable its people like you that give 'idiots' such a bad name. An international businessman means WINNER. A water trainer means LOSER.

we all alreday know that lastnail is not an international businessman. he is a servo operator. you just look sillier (as if that is possible) by repeating this nonsense.

longweekend58 wrote on Mar 15^th, 2012 at 2:59pm:

Bobby. wrote on Mar 15th, 2012 at 2:34pm: longweekend58 wrote on Mar 15th, 2012 at 2:15pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:55pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable its people like you that give 'idiots' such a bad name. An international businessman means WINNER. A water trainer means LOSER. we all alreday know that lastnail is not an international businessman. he is a servo operator. you just look sillier (as if that is possible) by repeating this nonsense.

That may make you feel better to write that but it's not true & you know it.
Loser!

longweekend58 wrote on Mar 15^th, 2012 at 2:59pm:

Bobby. wrote on Mar 15th, 2012 at 2:34pm: longweekend58 wrote on Mar 15th, 2012 at 2:15pm: bobbythefap1 wrote on Mar 15th, 2012 at 12:55pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! Its people like you that make the oncoming financial collapse seem very palatable its people like you that give 'idiots' such a bad name. An international businessman means WINNER. A water trainer means LOSER. we all alreday know that lastnail is not an international businessman. he is a servo operator. you just look sillier (as if that is possible) by repeating this nonsense.

Says the grown adult who believes in fairy tales

Longweekend needs a trial:

http://www.youtube.com/watch?v=929ceD32uVo

longweekend58 wrote on Mar 15^th, 2012 at 2:05pm:

Sir lastnail wrote on Mar 15th, 2012 at 1:04pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing. Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !! defining success is always difficult, but it is not difficult to compare a home owner with an already highly appreciated asset against a loser in rented accomodation. you will ALWAYS be a loser in that comparison.

So why do Germans bother to manufacture anything when all they have to do is hoard property and create a bubble ??

Forget about manufacturing and exports !! Learn from aussies and their property ponzi scam :D LOL

Buy NOW because it's the best time to buy :D :D :D :D LOL

Sir lastnail wrote on Mar 15^th, 2012 at 3:30pm:

longweekend58 wrote on Mar 15th, 2012 at 2:05pm: Sir lastnail wrote on Mar 15th, 2012 at 1:04pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing. Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !! defining success is always difficult, but it is not difficult to compare a home owner with an already highly appreciated asset against a loser in rented accomodation. you will ALWAYS be a loser in that comparison. So why do Germans bother to manufacture anything when all they have to do is hoard property and create a bubble ?? Forget about manufacturing and exports !! Learn from aussies and their property ponzi scam :D LOL Buy NOW because it's the best time to buy :D :D :D :D LOL

and you still dont understand that even in the worlds' best economy (ours) we make room for failures (you)

longweekend58 wrote on Mar 15^th, 2012 at 3:54pm:

Sir lastnail wrote on Mar 15th, 2012 at 3:30pm: longweekend58 wrote on Mar 15th, 2012 at 2:05pm: Sir lastnail wrote on Mar 15th, 2012 at 1:04pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing. Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !! defining success is always difficult, but it is not difficult to compare a home owner with an already highly appreciated asset against a loser in rented accomodation. you will ALWAYS be a loser in that comparison. So why do Germans bother to manufacture anything when all they have to do is hoard property and create a bubble ?? Forget about manufacturing and exports !! Learn from aussies and their property ponzi scam :D LOL Buy NOW because it's the best time to buy :D :D :D :D LOL and you still dont understand that even in the worlds' best economy (ours) we make room for failures (you)

Strip away the ponzi property scam and what do you have left in South Australia ?

madweekends water training business teaching people how to turn taps on and off :D LOL

Buy NOW - because it's the best time to buy :D :D :D :D LOL

Sir lastnail wrote on Mar 15^th, 2012 at 4:09pm:

longweekend58 wrote on Mar 15th, 2012 at 3:54pm: Sir lastnail wrote on Mar 15th, 2012 at 3:30pm: longweekend58 wrote on Mar 15th, 2012 at 2:05pm: Sir lastnail wrote on Mar 15th, 2012 at 1:04pm: longweekend58 wrote on Mar 15th, 2012 at 12:50pm: well Id rather enjoy my level of 'failure' than your level of 'success'!!! The problem is with a lot of people in Australia including yourself is that they measure the level of success by how many houses they can deny other people from owning. It's never about creating or manufacturing and exporting a new invention of some kind. It's always about ripping off the punters on housing. Compare that with Germany. Do you think the topic of conversation in Germany at the moment is about a property ponzi scheme and how some greedy idiot has half a dozen houses to his name with a taxation system that encourages it ? Why would Germany manufacture anything and make premium quality cars that they export all around the world when all they have to do is engage in a property ponzi scheme and chisel money out of suckers who have no way of paying it back. Why bother manufacturing anything because aussies have the secret of eternal wealth without making any effort. It's called a property ponzi scheme :D LOL This is why Germany is an industrial power house and Australia is just a glorified quarry with lots of idiots that pull themselves over it !! defining success is always difficult, but it is not difficult to compare a home owner with an already highly appreciated asset against a loser in rented accomodation. you will ALWAYS be a loser in that comparison. So why do Germans bother to manufacture anything when all they have to do is hoard property and create a bubble ?? Forget about manufacturing and exports !! Learn from aussies and their property ponzi scam :D LOL Buy NOW because it's the best time to buy :D :D :D :D LOL and you still dont understand that even in the worlds' best economy (ours) we make room for failures (you) Strip away the ponzi property scam and what do you have left in South Australia ? madweekends water training business teaching people how to turn taps on and off :D LOL Buy NOW - because it's the best time to buy :D :D :D :D LOL

you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power.

oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it??

yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries?

enjoy rent-day losernail!

longweekend58 wrote on Mar 15^th, 2012 at 4:16pm:

you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail!

Yes you're attending the conference as a door man or security guard :D LOL

Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL

Sir lastnail wrote on Mar 15^th, 2012 at 4:51pm:

longweekend58 wrote on Mar 15th, 2012 at 4:16pm: you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail! Yes you're attending the conference as a door man or security guard :D LOL Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL

feel free to attend. I can give you the URL to get a ticket if you wish? I know you'd feel out of place with REAL businessmen, but id look after you.

so forgetting the $150B project in SA still?

longweekend58 wrote on Mar 15^th, 2012 at 4:58pm:

Sir lastnail wrote on Mar 15th, 2012 at 4:51pm: longweekend58 wrote on Mar 15th, 2012 at 4:16pm: you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail! Yes you're attending the conference as a door man or security guard :D LOL Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL feel free to attend. I can give you the URL to get a ticket if you wish? I know you'd feel out of place with REAL businessmen, but id look after you. so forgetting the $150B project in SA still?

Don't worry Mr Waterman you've got a great career ahead of you teaching people how to turn taps on and off. Centerlink must be proud of you  :D LOL

Sir lastnail wrote on Mar 15^th, 2012 at 5:00pm:

longweekend58 wrote on Mar 15th, 2012 at 4:58pm: Sir lastnail wrote on Mar 15th, 2012 at 4:51pm: longweekend58 wrote on Mar 15th, 2012 at 4:16pm: you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail! Yes you're attending the conference as a door man or security guard :D LOL Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL feel free to attend. I can give you the URL to get a ticket if you wish? I know you'd feel out of place with REAL businessmen, but id look after you. so forgetting the $150B project in SA still? Don't worry Mr Waterman you've got a great career ahead of you teaching people how to turn taps on and off. Centerlink must be proud of you  :D LOL

im stil doing better than anything you do by running my own business. and I am getting business from such useless companies like:

CSIRO
BoM
Rio Tinto
BHP

in fact, some of these places have contacted me direct to create training for them.

hows that servo job looking?

longweekend58 wrote on Mar 15^th, 2012 at 5:07pm:

im stil doing better than anything you do by running my own business. and I am getting business from such useless companies like: CSIRO BoM Rio Tinto BHP in fact, some of these places have contacted me direct to create training for them. hows that servo job looking?

What business ?? Turning taps on and off !!

F.cken bullshit business :D LOL

If they only knew the sh.t you post on this forum anyone would run a mile from you.

longweekend58 wrote on Mar 15^th, 2012 at 5:07pm:

Sir lastnail wrote on Mar 15th, 2012 at 5:00pm: longweekend58 wrote on Mar 15th, 2012 at 4:58pm: Sir lastnail wrote on Mar 15th, 2012 at 4:51pm: longweekend58 wrote on Mar 15th, 2012 at 4:16pm: you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail! Yes you're attending the conference as a door man or security guard :D LOL Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL feel free to attend. I can give you the URL to get a ticket if you wish? I know you'd feel out of place with REAL businessmen, but id look after you. so forgetting the $150B project in SA still? Don't worry Mr Waterman you've got a great career ahead of you teaching people how to turn taps on and off. Centerlink must be proud of you  :D LOL im stil doing better than anything you do by running my own business. and I am getting business from such useless companies like: CSIRO BoM Rio Tinto BHP in fact, some of these places have contacted me direct to create training for them. hows that servo job looking?

Explains why the CSIRO is always doing gay studies on weight loss,
why weatherman always gets his forecasts wrong
And why psychopathic corporations like tinto and british are some of the most hated scum on the earth.

bobbythefap1 wrote on Mar 15^th, 2012 at 6:05pm:

longweekend58 wrote on Mar 15th, 2012 at 5:07pm: Sir lastnail wrote on Mar 15th, 2012 at 5:00pm: longweekend58 wrote on Mar 15th, 2012 at 4:58pm: Sir lastnail wrote on Mar 15th, 2012 at 4:51pm: longweekend58 wrote on Mar 15th, 2012 at 4:16pm: you really are nothing but a fool. there is a good reason why the only people that agree with you are pansi and booby - generally derided by one and all as pretty short on brain power. oh and BTW ever heard of Olympic dam?? worlds BIGGEST mine with a $100B investment and where is it?? yes SA, thats where. And I am attending a BHP suppliers conference in adelaide April 4. why dont you drop in and take a look at how REAL businessmen operate? in real industries? enjoy rent-day losernail! Yes you're attending the conference as a door man or security guard :D LOL Keep on pissing down your own back Mr Waterman because one day Centerlink will come up with the ideal job for you :D LOL feel free to attend. I can give you the URL to get a ticket if you wish? I know you'd feel out of place with REAL businessmen, but id look after you. so forgetting the $150B project in SA still? Don't worry Mr Waterman you've got a great career ahead of you teaching people how to turn taps on and off. Centerlink must be proud of you  :D LOL im stil doing better than anything you do by running my own business. and I am getting business from such useless companies like: CSIRO BoM Rio Tinto BHP in fact, some of these places have contacted me direct to create training for them. hows that servo job looking? Explains why the CSIRO is always doing gay studies on weight loss, why weatherman always gets his forecasts wrong And why psychopathic corporations like tinto and british are some of the most hated scum on the earth.

the dumbest person in these organisations when drunk would still be brighter than you on a good day.

<<the dumbest person in these organisations when drunk would still be brighter than you on a good day. >>
...............................................................

You're on a roll today longy. Did you learn that from the good pastor?

Ex Dame Pansi wrote on Mar 15^th, 2012 at 8:17pm:

<<the dumbest person in these organisations when drunk would still be brighter than you on a good day. >> ............................................................... You're on a roll today longy. Did you learn that from the good pastor?

doesn't madweekend get pissed off when his great predictions turn to custard :D LOL

The great property boom that goes on for ever in Australia and nowhere else, as well South Australia will never go into recession :D LOL

Now did anyone see the 7:30 report tonight ?? Looks like retail is going to the dogs whilst Westfield wants to increase rent because of the carbon tax :D LOL

Never any mention of the landlords greeds though. That subject is always taboo. Blame it on the GST exemption on imported online goods :D  Of course the playing field can never be equal for bricks and mortar stores simply because of the landlords greed and not because of a measly GST  ;)

Quote:

the dumbest person in these organisations when drunk would still be brighter than you on a good day.

Coming from the guy who believes in fairy tales, talk about dumb.
A 2 year old who believes in the bogey man has as much legitimacy as you.

bobbythefap1 wrote on Mar 15^th, 2012 at 9:43pm:

Quote: the dumbest person in these organisations when drunk would still be brighter than you on a good day. Coming from the guy who believes in fairy tales, talk about dumb. A 2 year old who believes in the bogey man has as much legitimacy as you.

madweekend's best friend is jesus except he has never met him because he is both invisible and mute :D LOL

Nail,
Don't be so hard on Longweekend.

Even Richard Dawkins admitted that there was a small
chance that an invisible man was watching every thing you do.

Bobby. wrote on Mar 15^th, 2012 at 10:12pm:

Nail, Don't be so hard on Longweekend. Even Richard Dawkins admitted that there was a small chance that an invisible man was watching every thing you do.

what even when I have a crap !! Is nothing sacred :D LOL

Ex Dame Pansi wrote on Mar 15^th, 2012 at 8:17pm:

<<the dumbest person in these organisations when drunk would still be brighter than you on a good day. >> ............................................................... You're on a roll today longy. Did you learn that from the good pastor?

idiocy inspires me...

longweekend58 wrote on Mar 16^th, 2012 at 8:32am:

idiocy inspires me...

I thought as much....

Frances wrote on Mar 16^th, 2012 at 8:40am:

longweekend58 wrote on Mar 16th, 2012 at 8:32am: idiocy inspires me... I thought as much....

and there is a LOT of inspiration here. pansi, lastnail, booby and now political puppet has turned the Three Stooges into a quartet of morons.

longweekend58 wrote on Mar 16^th, 2012 at 9:13am:

Frances wrote on Mar 16th, 2012 at 8:40am: longweekend58 wrote on Mar 16th, 2012 at 8:32am: idiocy inspires me... I thought as much.... and there is a LOT of inspiration here. pansi, lastnail, booby and now political puppet has turned the Three Stooges into a quartet of morons.

What will they do in South Australia now that the property bubble has burst :D LOL

Water training :D LOL