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My Aussie investment down the drain
- Thread starter winnipegjets
- Start date
Cheapsake angmoh used population growth to drive their economy in past 20 years from 2002....
These new migrants lived in apartments back home, and bring their in their wealth with them, and also most of them are brain people with education qualifications better than their bogan OzAM.
These are population growth economy with brain drain benefits for the OzAM gui... and wealth drain orso to benefit Aus.
Then in past 20 years this country starts to go down into the gutter cannot create high tech economy to compete with China but instead OzAM moved their manufacturings to China..to benefit from robust China manufacturing base as manufacturers capital for the world.
As such why invite talent brain migrant to Australia for where good pay jobs and top job goes to white AM only. A racist country indeed. Want yr migrant money to buy shoody build high rise apartments which they dont have skills or talents to build.
Then with population growth they produced more plumbers, brick layers, electricans than before to cope with demand for their construction industry.... thats it for last 20 years was their dodgy economy based on population growth, brain drain which they dont make use of....
Nowxserve them right and that human rights and democracy created more defects for the country which they taught their young in school one man can make a different or change the world.... an indeed it change the world for the worst but not the better...
These new migrants lived in apartments back home, and bring their in their wealth with them, and also most of them are brain people with education qualifications better than their bogan OzAM.
These are population growth economy with brain drain benefits for the OzAM gui... and wealth drain orso to benefit Aus.
Then in past 20 years this country starts to go down into the gutter cannot create high tech economy to compete with China but instead OzAM moved their manufacturings to China..to benefit from robust China manufacturing base as manufacturers capital for the world.
As such why invite talent brain migrant to Australia for where good pay jobs and top job goes to white AM only. A racist country indeed. Want yr migrant money to buy shoody build high rise apartments which they dont have skills or talents to build.
Then with population growth they produced more plumbers, brick layers, electricans than before to cope with demand for their construction industry.... thats it for last 20 years was their dodgy economy based on population growth, brain drain which they dont make use of....
Nowxserve them right and that human rights and democracy created more defects for the country which they taught their young in school one man can make a different or change the world.... an indeed it change the world for the worst but not the better...
https://www.smh.com.au/national/nsw...new-tower-safety-scandal-20191029-p535bo.html
Good luck with your apartment. Not sure why you would get an apartment rather then a free standing house like I do.
Good luck with your apartment. Not sure why you would get an apartment rather then a free standing house like I do.
Australians are new to building of high rise. Thats why their buildings all cocked up.
Investors still baulking at property market, with more apartments in the pipeline - Business
about 3 hours ago
PHOTO Investor lending is shrinking as approvals for new apartments rebounded in September. REUTERS/TOM WESTBROOK/FILE PHOTO
Another day, another batch of mixed messages in the housing market, with investors still reluctant to borrow and another big parcel of apartments approved for construction.
September's lending data from the Reserve Bank shows overall lending continuing at a sluggish pace, with annual credit growth of 2.7 per cent the lowest since 2011.
Home lending grew by 3.1 per cent, but this was entirely due owner-occupiers.
"Owner-occupier housing credit increased by a further 0.4 per cent or 4.8 per cent over the past year, which is the smallest annual increase since 2014," NAB economist Kieran Davies said.
"In contrast, investor housing credit fell a further 0.1 per cent and is now marginally below the level of a year earlier.
The weakness in new lines of personal credit is reflected in weak sales of large household items, such as new vehicles.
PHOTO Investor credit growth for investors is the lowest since RBA data started. SUPPLIED: J.P. MORGANRBA wants businesses to borrow more
Earlier this week, RBA governor Philip Lowe urged business to advantage of the record low interest rates to help stimulate a broader economic recovery.
"At low interest rates, many investments that didn't make sense at higher interest rates should now make sense," Dr Lowe said.
It is an idea ANZ chief executive Shayne Elliott has taken on board.
At his bank's annual results briefing, Mr Elliott said ANZ management was currently considering lowering its hurdle for investment, with the current cost of capital benchmark of 10 per cent cut to around 8.5 per cent, or lower.
But Mr Elliott also noted the global regime of low interest rates was not without risk.
"Credit conditions are benign, but will inevitably turn at some point," he said.
Building approvals jump
While lending may be weak, building approvals took a surprising jump in September.
Most of the growth was driven by permits issued for high-density apartment construction (+16.6 per cent).
Approvals for detached residences also had reasonable gain (+2.7 per cent) after previous monthly declines.
JP Morgan's Ben Jarman said the September bounce was probably more a result of "standard volatility than a new dawn".
"Building approvals have been very weak lately, with the annual rate at -19 per cent over the year, and levels down 39 per cent from the peak of the cycle around two years ago," Mr Jarman said.
He said the rebound in house prices of late will help stabilise the home-building outlook over time, but it is unlikely the slowdown has bottomed out.
"The lags from better price outcomes, the weakness of bank lending for new build, and the significant pipeline of homes still to be completed and sold suggest that the turning point in the home construction cycle is still some way off," Mr Jarman said.
PHOTO Rising dwelling prices are eventually likely to support and upturn in construction. SUPPLIED: J.P. MORGAN
about 3 hours ago
Another day, another batch of mixed messages in the housing market, with investors still reluctant to borrow and another big parcel of apartments approved for construction.
September's lending data from the Reserve Bank shows overall lending continuing at a sluggish pace, with annual credit growth of 2.7 per cent the lowest since 2011.
Home lending grew by 3.1 per cent, but this was entirely due owner-occupiers.
"Owner-occupier housing credit increased by a further 0.4 per cent or 4.8 per cent over the past year, which is the smallest annual increase since 2014," NAB economist Kieran Davies said.
"In contrast, investor housing credit fell a further 0.1 per cent and is now marginally below the level of a year earlier.
The subdued appetite from business for loans continued through September despite very low borrowing costs, while personal credit is even weaker, down 0.7 per cent in the month and 4.4 per cent over the year.
The weakness in new lines of personal credit is reflected in weak sales of large household items, such as new vehicles.
Earlier this week, RBA governor Philip Lowe urged business to advantage of the record low interest rates to help stimulate a broader economic recovery.
"At low interest rates, many investments that didn't make sense at higher interest rates should now make sense," Dr Lowe said.
It is an idea ANZ chief executive Shayne Elliott has taken on board.
At his bank's annual results briefing, Mr Elliott said ANZ management was currently considering lowering its hurdle for investment, with the current cost of capital benchmark of 10 per cent cut to around 8.5 per cent, or lower.
But Mr Elliott also noted the global regime of low interest rates was not without risk.
"Credit conditions are benign, but will inevitably turn at some point," he said.
Building approvals jump
While lending may be weak, building approvals took a surprising jump in September.
Most of the growth was driven by permits issued for high-density apartment construction (+16.6 per cent).
Approvals for detached residences also had reasonable gain (+2.7 per cent) after previous monthly declines.
JP Morgan's Ben Jarman said the September bounce was probably more a result of "standard volatility than a new dawn".
"Building approvals have been very weak lately, with the annual rate at -19 per cent over the year, and levels down 39 per cent from the peak of the cycle around two years ago," Mr Jarman said.
He said the rebound in house prices of late will help stabilise the home-building outlook over time, but it is unlikely the slowdown has bottomed out.
"The lags from better price outcomes, the weakness of bank lending for new build, and the significant pipeline of homes still to be completed and sold suggest that the turning point in the home construction cycle is still some way off," Mr Jarman said.
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