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Australian property crash

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Whale View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2018 at 9:40pm
     LET PEACE REIGN
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maccamax View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 06 Oct 2018 at 9:56pm
Originally posted by Whale Whale wrote:


<h1 itemprop="line name">Morry Schwartz is out of 'toppy' property market</h1>




He had to escape any 1989 crash , If he had half a brain , Keating had interest rates at about 18% ,   So it was obviously going to work eventually.
The crash didn't last long , a time in recession and off went the Real Estate frenzy again.
Schwartz should have billions and be putting his feet up.

Don't panic -------In very few years ,    Another couple of million from the middle east will do wonders for OZ property prices .   They have to have a roof over the head
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 07 Oct 2018 at 1:06am
Originally posted by Whale Whale wrote:

Originally posted by Whale Whale wrote:

Just discovered this station, great for discussions about shares, property, money in general

Channel 95

Auction Day

Saturday 6th October at 6:00 pm (60 minutes)
The only Australian real estate show featuring live auctions, Auction Day is your essential guide to the nation's hottest real estate, featuring expert advice on buying, selling, investing and improv

Anything of interest Whale?

Was there a sponsorship disclosure, a lot of these programs are sponsored - doesn't mean that the advice is not relevant.

This guy, Sam Henderson, hosted a sponsored show, and he had a lot of sound info and tips, but ended up losing it all ...

Lies and fakery led to celebrity financial adviser’s crushing downfall
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 07 Oct 2018 at 1:12am
Originally posted by maccamax maccamax wrote:

Originally posted by Whale Whale wrote:


<h1 itemprop="line name">Morry Schwartz is out of 'toppy' property market</h1>




He had to escape any 1989 crash , If he had half a brain , Keating had interest rates at about 18% ,   So it was obviously going to work eventually.
The crash didn't last long , a time in recession and off went the Real Estate frenzy again.
Schwartz should have billions and be putting his feet up.

Don't panic -------In very few years ,    Another couple of million from the middle east will do wonders for OZ property prices .   They have to have a roof over the head

Many Property Developers do not have a clue about property investment ... it's related, but builders are just trying to create something and then sell it quickly at a profit. 

Investors take a long term hold view, or else they are actually speculators, not investors at all.
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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maccamax View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 07 Oct 2018 at 1:36am
Doc... The developers have percentages during construction where they need such things as purchasers off the plan etc to keep the works finance rolling.        They create oversupply like the goods on the shelf at Woolies , some customers might go else where.
The Unit /Villa / Townhouses schemes are going up faster than good sorts skirts ,   Brisbane to North side ATM.   
There won't be oversupply when/ if the customer base isn't being imported and financed by desperate Oz Government.

I see One worry emerging, the USA is going so well , crushing the Ozzie Dollar value, will make money dearer and harder to get.
     Called ..    TRUMPING their A r C E    (The haters)
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Whale View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 13 Oct 2018 at 11:20am
     LET PEACE REIGN
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Dr E View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 13 Oct 2018 at 12:02pm
Housing prices could fall as much as 15 per cent, peak to trough

Agreed, we are about half way there now - you can double that if the ALP/Greens are elected, costing us Trillions.Thumbs Down
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 13 Oct 2018 at 3:16pm
Originally posted by Dr E Dr E wrote:

<span style="color: rgb255, 255, 255; font-family: Arial, Helvetica, sans-serif; : rgb38, 45, 49;">Housing prices could fall as much as 15 per cent, peak to trough</span>

Agreed, we are about half way there now - you can double that if the ALP/Greens are elected, costing us Trillions.Thumbs Down


Most times during cycles are stagnant prices or minor falls and buyers only suffer the frenzy when everyone else gets bitten by the same bug.
We have bad Government in Oz and energy , fuel and House prices are enough to have everyone shaking in the shoes.
Sydney , Melbourne are slow ATM .     as usual, but over time we have to House all these imports and with tradies fast becoming the costly services we need " Tradiecare " .
Not hard to see what the future holds for Homebuyers .    Prepare for 100 year mortgages or part thereof.
Governments need the Building Industry Taxes more than people need a roof over their head.
Public Housing is coming to a Park near you.    











































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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 14 Oct 2018 at 6:49pm
Who's going to pay for public housing? ... maybe if we got rid of some public servants!

In spite of the fact that the ALP/Greens Socialist honestly believe that if you b=need money, the government will hand it out, the fact is that there is only so much money we generate as a nation to go around ... and now that the USA have stopped being suckers, the UN wants to fleece us of as much of that as they can "URGENTLY" for the developing countries to implement renewable energy - oh except for China and india who can double their emmissions every year for the next 12 years if they wish - PLUS they have just told us we MUST stop exporting coal and cattle and start eating lettuce and ride puch bikes ... there will be no money for public housing, or even for public servants ... oh, but the aged pension and other welfare measures will have to go first of course!Dead
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 14 Oct 2018 at 10:02pm
Public Housing has long years of waiting lists.      Governments allow their tenants to trash whole blocks of housing.
   Investors are keeping the ships afloat and suffering the uncivalised wreckers who make up a large percentage of renters.

Governments keep bringing them in with no where to house or employ them.
      Unsustainable.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 15 Oct 2018 at 9:17am
Banks giving excessive loans based on doctored info, mobile bankers, mortgage brokers, all part of the problem

Banker to stand trial over involvement in $170m home loan swindle


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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 15 Oct 2018 at 12:53pm
Old news, but great to see the system working - and not because of the WOFTAM Banking RC - they've been caught by the regulator, one is in jail already, and they won't be doing it again in a hurry. Be interesting to see who the "victims" are - most likely all crooks themselves, who couldn't get loans on their merit because they couldn't prove dodgy income ... 
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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