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Perfect storm gathers for the Housing Market (Read 1195 times)
Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #30 - Mar 19th, 2017 at 4:04pm
 
red baron wrote on Mar 19th, 2017 at 3:01pm:
The O.E.C.D. has said that the Housing market in Australia particularly Sydney is over heated. When houses start rising in price more than London and New York you just know there is something rotten in Denmark

This is a house of cards and once the interest rates gallop which IDS predicted this year and has already started with the Big Four leading the charge. Predictions are that that interest rates will rise by 3% this year alone

Once you see places start going on the market at an accelerated rate then it is time to bail. In fact right now is the time to bail because you can still get the big money. Watch what happens when people with big mortgages who can't withstand a 3% rise will capitulate. When that happens the cookie will crumble and the prices will tumble

This year will be the year of the big crasheroo particularly in Sydney where house prices are a sick joke

It is like the Emperors New Clothes suddenly one day soon people will say "hang on...a million for a 50 year old fibro with everything broken and 2 bedrooms"  When that happens the castle will fall

The rising interest rates spell doom for the boom


The government is hatching up a plan to kick the can down the road again or in other words buying some more time. Both sides have consistently meddled in the housing market to keep it propped up at the expense of the people who can at least afford it Sad
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tickleandrose
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Re: Perfect storm gathers for the Housing Market
Reply #31 - Mar 20th, 2017 at 12:34pm
 
In Victoria, stamp duties will be removed for 1st home owner buyer under 600k by July this year.  This was designed to counter the likely glut in Melbourne CBD apartments coming up in 2018/19.  Only time will tell if the market force would be stronger or weaker than government regulation. 

When we talk about real estate, it is pretty much only Melbourne and Sydney is doing all the heavy lifting.  Else where, places like Brisbane is struggling esp with inner city apartments.  WA is not doing well.   Darwin or mining towns boom quickly and bust quickly - its not for the faint hearted investors.  But if you dare to gamble, there are heaps of quick cash to be made with mining towns, but that comes with big risks too.
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red baron
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Re: Perfect storm gathers for the Housing Market
Reply #32 - Mar 20th, 2017 at 2:44pm
 
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?
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Re: Perfect storm gathers for the Housing Market
Reply #33 - Mar 20th, 2017 at 3:03pm
 
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



Government will do nothing which means its tax grab is lessened.  Just move the furniture is all they will do.

I really doubt they'd do away with stamp duty.  It is a really big cash cow.
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #34 - Mar 20th, 2017 at 3:49pm
 
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.
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Valkie
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Re: Perfect storm gathers for the Housing Market
Reply #35 - Mar 20th, 2017 at 9:32pm
 
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.
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SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #36 - Mar 20th, 2017 at 9:41pm
 
Valkie wrote on Mar 20th, 2017 at 9:32pm:
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.


The federal Govt.  is bankrupt -
borrowing $100 M per day without a clue of how to get out of it.
Therefore they go after every penny of tax & make new taxes as well.
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Extraordinary claims require extraordinary evidence.
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Valkie
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Re: Perfect storm gathers for the Housing Market
Reply #37 - Mar 20th, 2017 at 9:45pm
 
Sir Bobby wrote on Mar 20th, 2017 at 9:41pm:
Valkie wrote on Mar 20th, 2017 at 9:32pm:
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.


The federal Govt.  is bankrupt -
borrowing $100 M per day without a clue of how to get out of it.
Therefore they go after every penny of tax & make new taxes as well.


And yet right there in front of them is all the money they could ever want.
All it would require is for them to get the fair taxes from multinationals, mega rich and business.

OOps, that might impact on their brown paper bags full of money wouldn't it.
Well, they will just have to tax the workers more then.
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #38 - Mar 20th, 2017 at 9:47pm
 
Morriscum and co keep telling us that housing affordability is all about supply and yet everything they do and don't do is about inflating house prices whilst keeping supply tight !!

Quote:
Former Prime Minister Paul Keating warns about using superannuation for housing deposit

Former Prime Minister Paul Keating has issued a warning to the Federal Government about allowing first home buyers to use their super for a deposit. Mr Keating says that only the most reckless and wilful government would abort the superannuation policy settings.


http://www.abc.net.au/news/2017-03-20/former-prime-minister-paul-keating-warns-a...
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« Last Edit: Mar 20th, 2017 at 10:03pm by Sir lastnail »  

"When you understand why you dismiss all the other possible gods, you will understand why I dismiss yours." - Luke Muehlhauser
 
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Sir Bobby
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Re: Perfect storm gathers for the Housing Market
Reply #39 - Mar 20th, 2017 at 9:51pm
 
Valkie wrote on Mar 20th, 2017 at 9:45pm:
Sir Bobby wrote on Mar 20th, 2017 at 9:41pm:
Valkie wrote on Mar 20th, 2017 at 9:32pm:
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.


The federal Govt.  is bankrupt -
borrowing $100 M per day without a clue of how to get out of it.
Therefore they go after every penny of tax & make new taxes as well.


And yet right there in front of them is all the money they could ever want.
All it would require is for them to get the fair taxes from multinationals, mega rich and business.

OOps, that might impact on their brown paper bags full of money wouldn't it.
Well, they will just have to tax the workers more then.



The multinationals would just relocate to wherever the taxes are less.
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Extraordinary claims require extraordinary evidence.
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Ye Grappler
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Re: Perfect storm gathers for the Housing Market
Reply #40 - Mar 21st, 2017 at 5:22am
 
Sir Bobby wrote on Mar 20th, 2017 at 9:51pm:
Valkie wrote on Mar 20th, 2017 at 9:45pm:
Sir Bobby wrote on Mar 20th, 2017 at 9:41pm:
Valkie wrote on Mar 20th, 2017 at 9:32pm:
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.


The federal Govt.  is bankrupt -
borrowing $100 M per day without a clue of how to get out of it.
Therefore they go after every penny of tax & make new taxes as well.


And yet right there in front of them is all the money they could ever want.
All it would require is for them to get the fair taxes from multinationals, mega rich and business.

OOps, that might impact on their brown paper bags full of money wouldn't it.
Well, they will just have to tax the workers more then.



The multinationals would just relocate to wherever the taxes are less.


.. and someone else will come in to take their market share if we exclude them from trading here since they refuse to pay taxes.... time to toughen up on these international thieves of national sovereignty and profitability....

WE will say who can come here and trade by OUR rules.....   Lips Sealed
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Gordon
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Re: Perfect storm gathers for the Housing Market
Reply #41 - Mar 21st, 2017 at 7:32am
 
Reduce demand or increase supply

That is all
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Wokka Wokka Wokka
 
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Valkie
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Re: Perfect storm gathers for the Housing Market
Reply #42 - Mar 21st, 2017 at 8:11am
 
Ye Grappler wrote on Mar 21st, 2017 at 5:22am:
Sir Bobby wrote on Mar 20th, 2017 at 9:51pm:
Valkie wrote on Mar 20th, 2017 at 9:45pm:
Sir Bobby wrote on Mar 20th, 2017 at 9:41pm:
Valkie wrote on Mar 20th, 2017 at 9:32pm:
Sir Bobby wrote on Mar 20th, 2017 at 3:49pm:
red baron wrote on Mar 20th, 2017 at 2:44pm:
There is serious talk about a 'land tax' replacing stamp duty. Me thinks the Governments Federal and State are looking for new and inventive ways of punishing those of us who have struggled all our lives to pay our humble homes off.

The Sheriff of Nottingham lives!  Where is Robin Hood when you need him?



The Govt. will always think of another way to legally rob you.



The only reason crime is illegal is because the Grubberment hates competition.


The federal Govt.  is bankrupt -
borrowing $100 M per day without a clue of how to get out of it.
Therefore they go after every penny of tax & make new taxes as well.


And yet right there in front of them is all the money they could ever want.
All it would require is for them to get the fair taxes from multinationals, mega rich and business.

OOps, that might impact on their brown paper bags full of money wouldn't it.
Well, they will just have to tax the workers more then.



The multinationals would just relocate to wherever the taxes are less.


.. and someone else will come in to take their market share if we exclude them from trading here since they refuse to pay taxes.... time to toughen up on these international thieves of national sovereignty and profitability....

WE will say who can come here and trade by OUR rules.....   Lips Sealed


The Grubberment is well within its rights to confiscate any and all assets of any who do not pay their taxes.
Then simply make the company a public owned entity using that organisations own equipment and start producing services and goods at a competitive price.

Just like China
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Sir lastnail
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Re: Perfect storm gathers for the Housing Market
Reply #43 - Mar 21st, 2017 at 8:35am
 
Gordon wrote on Mar 21st, 2017 at 7:32am:
Reduce demand or increase supply

That is all


You can reduce demand and increase supply in one hit by abolishing neg gearing and cap gains tax discounts with no grand fathering ! This will discourage speculators and investors from entering  the market because they will no longer have the financial incentives to borrow more and write off their losses. They may also have to divest themselves of their investments because they can no longer service their loans.

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Gordon
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Re: Perfect storm gathers for the Housing Market
Reply #44 - Mar 21st, 2017 at 8:40am
 
Sir lastnail wrote on Mar 21st, 2017 at 8:35am:
Gordon wrote on Mar 21st, 2017 at 7:32am:
Reduce demand or increase supply

That is all


You can reduce demand and increase supply in one hit by abolishing neg gearing and cap gains tax discounts with no grand fathering ! This will discourage speculators and investors from entering  the market because they will no longer have the financial incentives to borrow more and write off their losses. They may also have to divest themselves of their investments because they can no longer service their loans.



I buy property with CG in mind and the tax advantage is sfa.

Prices are going bananas in Sydney because there are 2000 people getting off planes every week with bags full of loot.  Lots of buyers with not much stock

Sydney is also one of the best cities in the world.

Create supply or reduce demand or both
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Wokka Wokka Wokka
 
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