Perth leads nationwide property price fall

[neddy]

Perth leads nationwide property price fall
Rebecca Lawson, Business Reporter From: PerthNow September 30, 2010 11:18AM

House prices in Perth tumbled 4.8 per cent in the three months to August.

NEW figures show Perth as the worst performing capital city with property values falling nearly 5 per cent amid a backdrop of a softening housing market.

In the latest home value index by RP Data and Rismark International, property prices in Perth dropped 4.8 per cent in the three months to August to a median of $460,000.

For houses, the median value fell 3.5 per cent to $480,000 while for units, the index slumped 8.6 per cent to $410,000.

On a month by month basis, Perth’s property price is 3.7 per cent lower in August compared to July while compared to a year ago, it is 0.7 per cent higher.

In other capital cities, Brisbane recorded a 2.3 per cent fall in t eh three months to August to $434,000, Melbourne experienced a drop of 1.5 per cent to $470,000 while Adelaide booked a 0.2 per cent fall to $387,000.
Rismark managing director Christopher Joye said the Australian housing market’s soft-landing had been broad-based, with Sydney and Canberra the best performing cities.

Property prices in Sydney rose 0.2 per cent in the three months to August to $505,000 while Canberra saw a 1.2 per cent lift to $480,000.

Nationally, prices fell 1.2 per cent in the same period to a median value of $457,000.

In regional areas, property prices were flat in August following a 0.4 per cent decline in July.

The Reserve Bank of Australia is expected to lift the official interest rate next Tuesday when the board gathers for its monthly meeting. The market is forecasting a 025 basis point rise which would move the official cash rate up to 4.75 per cent.

“We were not forecasting any further capital growth in the second half of 2010,” Mr Joye said.

“Recent data vindicate this thesis.

“Futures market pricing for interest rates has changed dramatically over the last month, shifting from expectations of rate cuts to at least two hikes by end of 2011.

“But following hawkish RBA remarks, economists are now predicting we’ll get 4-6 cash rate hikes. We’ve modified our views accordingly.”

Should interest rates rise to around 6 per cent by the end of next year, Mr Joye said property values would decline modestly.

“This is not a bad thing,” he said.

“Asset prices cannot always rise – the volatile share market regularly subjects investors to savage swings.

Mr Joye added that since 1993, there had been five instances when the RBA had lifted the cash rate sharply, which was immediately followed by flat or lower house prices.

“If the RBA aggressively raise rates, there is not reason to expect 2010-11 to be any different.”

 

[axe168]

Perth leads nationwide property price fall
Rebecca Lawson, Business Reporter From: PerthNow September 30, 2010 11:18AM

House prices in Perth tumbled 4.8 per cent in the three months to August.

Never let FEAR strike your mind, there are always good and bad news around. Please allow me to share..

Lets assume :

In 2000, Mel has a population of 3mil - avg medium price is $350k.
In 2010, Mel has population increased to 3.8mil - avg medium price rose to $650k.
In summary, a mere 800k (in ten years) increase in population will get return of 85-100%..

If the Australia govt declared 5.5mil population in Melbourne.. what would be the impact ?? Your guess is as good as mine

You may ask why there is an increase in population ? Becoz of our unstoppable mining industry..

Just sit back and relax.. the booming is coming its way ! AUD/SGD will hit 1.45.. :p

 

[axe168]

I hope my prediction is correct.

 

[Aussie Prick]

I hope my prediction is correct.

Yesterday Japan lowered while the RBA did not raise. Your dollar crashed against the USD and the SGD.

If the RBA wants to wait for QE2 that's fine but now we see 2 more rate rises coming. I'll leave it to you to understand what this pause and two more rate rises mean for your inflation and housing prices.

 

[neddy]

Yesterday Japan lowered while the RBA did not raise. Your dollar crashed against the USD and the SGD.

If the RBA wants to wait for QE2 that's fine but now we see 2 more rate rises coming. I'll leave it to you to understand what this pause and two more rate rises mean for your inflation and housing prices.

Did AUD crashed? It recovered after a day.

For WA housing, it is continuing south.
Inflation, it is heading south as well - unless the union wins another round of big pay raise.

 

[Ash007]

Did AUD crashed? It recovered after a day.

For WA housing, it is continuing south.
Inflation, it is heading south as well - unless the union wins another round of big pay raise.

Crash meh? I thought $0.98 USD now and climbing?

http://http://www.smh.com.au/business/odds-shorten-on-greenback-parity-20101007-1696r.html

Odds shorten on greenback parity
Chris Zappone
October 7, 2010 - 3:54PM

Australian dollar vs the greenback since 1982
The odds that the Aussie dollar will hit parity with the US dollar before the year's end narrowed sharply after official figures showed Australia had a stronger-than-expected jobs market this morning.

The odds shortened from $3.50 to $2.10 on the news, according to online bookmaker sportsbet.com.au.

''Today the betting has been all one-way traffic for the Aussie dollar reaching parity with the greenback by the end of the year,'' said sportsbet.com.au spokesman Haydn Lane.

The dollar vaulted as high as 98.47 US cents - within a whisker of its post-float high - from 97.65 US cents, after the Australian Bureau of Statistics showed the economy had added 55,800 full-time positions in September.

The dollar's jump came after it had risen as high as 97.92 US cents in overnight trade on a weaker outlook for the greenback. The dollar recently traded at just over 98.3 US cents.

The strong jobs market underspins Australia's economic growth and makes the chance of a rate rise more likely next month. Australia's official interest rates at 4.5 per cent - which the RBA kept steady this week - are already among the highest in the developed world.

Currency values are typically closely linked to the setting of interest rates at the central banks associated with them. The US Federal Reserve, America's central bank, has kept interest rates close to zero for about two years, while it hints at further monetary stimulation that could weaken the greenback further.

The bet against the dollar hitting parity by December 31 widened to $1.66 from $1.28 before the Australian jobs figures statistics were released this morning, sportsbet.com.au said.

"Start blowing up the parity party balloons," said Arab Bank Australia treasury dealer David Scutt said.

Against an index of a basket of currencies weighted by Australia's trade, the dollar rose to 73.5, a 27-month high.

The Australian dollar hit an intraday high of 98.49 US cents on July 15, 2008. The last time the dollar was equal to the greenback was July 28, 1982, when the Australian dollar's value was controlled by the Reserve Bank.

Since December 1982 to June 2010, the Australian dollar's long term value has been an average of 73.48 US cents, Bloomberg data show.

[email protected] or on Twitter @chrizap

BusinessDay

 

[axe168]

Crash meh? I thought $0.98 USD now and climbing?

I guess ya with me on this?
Within days, it'll hit 1.30.. by few weeks, it'll hit 1.35.. by few months, it'll hit 1.45 By then you can return and shop for another ROLEX watch

 

[Aussie Prick]

Did AUD crashed? It recovered after a day.

For WA housing, it is continuing south.
Inflation, it is heading south as well - unless the union wins another round of big pay raise.

It crashed 100 basis for a day, then recovered. We see it going beyond parity now. We are expecting 2 more RBA rate hikes - especially after yesterdays job numbers - unless the RBA refuses to contain inflation to save the housing market. June inflation at 3.1% and Sept likely to be 3.1% in contrast to the US's 0.9% inflation rate. I am VERY CRITICAL of the RBA's inflation policy. Too many years of 3-4% inflation look at the results.

The currency wars are on. Japan and the EU is losing while the US is winning here. Debasing the currency while the rest of the world pays.

 

[Aussie Prick]

I guess ya with me on this?
Within days, it'll hit 1.30.. by few weeks, it'll hit 1.35.. by few months, it'll hit 1.45 By then you can return and shop for another ROLEX watch

We dont see the SGD to the AUD seeing those levels unless the MAS follows Japan and intervenes. Japan's intervention failed. SDG hit 1.30 and will go lower.........

 

[axe168]

We dont see the SGD to the AUD seeing those levels unless the MAS follows Japan and intervenes. Japan's intervention failed. SDG hit 1.30 and will go lower.........

So this is your 1st time to experience SG selling SGD ? SG hardly allows its dollar to appreciate due to competitive export reasons..

Our unstoppable mining/gas will generate stronger AUD. There is limited supply. This strong economy will last at least 20-30yrs.. (unless demand is down).

We shall see..

 

[Aussie Prick]

So this is your 1st time to experience SG selling SGD ? SG hardly allows its dollar to appreciate due to competitive export reasons..

Our unstoppable mining/gas will generate stronger AUD. There is limited supply. This strong economy will last at least 20-30yrs.. (unless demand is down).

We shall see..

We dont think the Australian mining sector is "unstoppable" as the US House of Reps has just passed a bill imposing tariffs on any chinese good that is "undervauled by the RMB" which will result in a trade war between the US and China - in this case China has more to lose than the US does - which will result in less resources demanded by China and will in turn affect Australia negatively, as Brazil and other Resource exporters.

You might want to pay close attention to QE2 - when its over and inflation appears in the US the Fed will raise rates and the AUD will crash like it did in March 2009.

You have a very short memory but many of us on this forum remember your zeal in 2008 over the rise of the AUD and the brisbane property you invested in and your silence over the crashes of the AUD and that venture respectively.

Once again a strong dollar does not really equate to "benefits" for a nation's consumers - unless you are an Australian importer or are planning on traveling to America or investing in US Dollar demoninated assets. I am perplexed when I see Singaporeans "proud" of the SGD's strength but its so misplaced as there are serious negatives for a nation's currency to be too strong.

 

[neddy]

So this is your 1st time to experience SG selling SGD ? SG hardly allows its dollar to appreciate due to competitive export reasons..

Our unstoppable mining/gas will generate stronger AUD. There is limited supply. This strong economy will last at least 20-30yrs.. (unless demand is down).

We shall see..

WA is prospering because of the longterm energy contracts. Our uranium mines will be going online in the near future.

For mining, those gold deposits lying under the land are holding its own values against the USD. Japan has signed up rare earth contracts with Australia after learning a tough lesson from China.

We dont think the Australian mining sector is "unstoppable" as the US House of Reps has just passed a bill imposing tariffs on any chinese good that is "undervauled by the RMB" which will result in a trade war between the US and China - in this case China has more to lose than the US does - which will result in less resources demanded by China and will in turn affect Australia negatively, as Brazil and other Resource exporters.

The US senate is not going to second any bills that are designed for the reps to get thru the mid-Nov election.

One of the nice things about OZ is that a lot of things are so predictable $$$
1. The world population will touch 9 million in a few years time. So, the world will be even more resource hungry.
2. QE 2 is already being factored in. It is a good time to buy foreign properties at low interest rates and let the hyperinflation help you pay for the properties.

 

[axe168]

WA is prospering because of the longterm energy contracts. Our uranium mines will be going online in the near future.

For mining, those gold deposits lying under the land are holding its own values against the USD. Japan has signed up rare earth contracts with Australia after learning a tough lesson from China.

You should get your info updated.. Australia signed mega deals with China, India and Japan. Most deals from WA. Soon the employment is knocking everyone's door. If opportunity comes, I'll move to WA !!

God bless Australia !

 

[Maddy]

congrats to arse007, arse168, neddy, iwc, fishbluff for all your families kena cancer. ..........
Edit Report 23-09-2010 07:34 AMMaddy
Poverty in Australia

A 15 month-long Australian Senate inquiry, entitled “A hand up not a hand out: Renewing the fight against poverty”, identifies a continuing decline in income for many poor households and emphasises the central role of employment opportunities in tackling poverty. It highlights these points:

Twenty-one per cent of Australians — about 3.6 million people — live on less than $A400 per week, which is $31 less than the full-time minimum wage

The Democrats believe that the level of poverty in Australia is unacceptable. The wealth gap between the rich and poor in Australia has grown over the past decade. Despite more than a decade of continual economic growth, this prosperity has left many in middle Australia standing still and many of the poorest worse off.

In recent times, the Government has even pushed through legislation which is directly contributing to higher poverty by reducing the incomes of many sole parents and people with disabilities.


Who is affected by Poverty?
> Indigenous Peoples
Aboriginal and Torres Strait Islander people continue to be the most disadvantaged group in Australia. More >>
> Women and sole parents
Elderly single women and female sole parents are over represented in groups living on low incomes. More >>
> Children
The rate of poverty amongst children is 9.5 per cent, indicating that almost half a million children are living in poverty. More >>
> Young people and students
Poverty among young people is now so widespread that Governments must consider urgent action that goes beyond current policies. More >>
> People with disabilities
Poverty is particularly prevalent amongst people who have a disability. More >>
> Migrants and Refugees
Migrants and refugee communities face multiple disadvantages upon their arrival in Australia. More >>
> The Ageing population
Australians aged over 65 years are concentrated at the bottom of the income spectrum. More >>

> Homeless People
The estimated number of homeless people in Australia on Census night in 2001 was 100 000. More >>
> Rural and Regional communities
The factors influencing disadvantage in these communities include limited employment opportunities and a lack of services. More >>

The issues around poverty are complex. For a detailed analysis please see our following Action Plans:
Edit Report
__________________
LOSERS & USELESS MIGRATE!! WINNERS TAKE ALL. HAHA, DUMBFUCKS!!!
Edit Report 21-09-2010 05:49 AMMaddy
Australian jailed for 'thrill' killing of Chinese

SYDNEY — A man who murdered a Chinese woman in Australia was Wednesday given a life sentence for the brutal attack which the judge described as a premeditated, "thrill" killing of a complete stranger.

Stavros Papadopoulos, 22, pleaded guilty to murdering 26-year-old University of Tasmania accounting student Zhang "Tina" Yu in his Hobart apartment in June 2009, reports said.

His accomplice, 22-year-old Daniel Jo Williams, was sentenced to 10 years in jail on a charge of manslaughter.

Tasmania's Supreme Court heard that the men met Yu at a takeaway pizza shop in the early hours of the morning and had driven her to Papadopoulos's apartment, The Mercury newspaper in Hobart said.

Over the next three hours, she was subjected to such terrible violence and sexual abuse by Papadopoulos that she pleaded to be killed quickly, it said.

After being repeatedly punched, thrown against walls and dragged around by her hair, Papadopoulos suddenly smashed a large concrete brick onto Yu's head before undressing her, placing her in a bathtub and drowning her.

Williams, who had spent most of this time smoking cannabis, then helped his friend choke Yu in the bath before they placed her body in the boot of their car and dumped it in a river.

In sentencing, Justice David Porter said "little, if anything" had been put forward to explain Papadopoulos' depraved behaviour.

"This was a brutal and terrible killing of a complete stranger," he said.

"It was done with forethought and for the sake or thrill of doing it."

The court heard that earlier on the night of the murder, Papadopoulos had told Williams he wanted to "kill and rape a bitch".

Papadopoulos will have to serve at least 25 years before he is eligible for parole
Edit Report 03-09-2010 08:59 AMMaddy
http://en.wikipedia.org/wiki/IQ_and_...l_IQ_estimates

average IQ of persons by country :

Singapore 103
Austria 102
Germany 102
Italy 102
Netherlands 102
Sweden 101
Poland 99
Spain 99
Australia 98

average IQ of ex-singapore economy fugitives (eg arse168, neddy, ash007, iwc) residing in kangaroo land = 31

see confirm ossie are fucking stupid people.
Edit Report 25-08-2010 12:41 AMMaddy
How un-holy!

Their father is Australian missionary priest preaching god in Taiwan. The sisters are missionary group's singers for holly songs, and they are also thieves stealing repeatedly at Pasar Malam night market.

They got got by CCTV and red handed.

They going to get convicted and deported from Taiwan.

Fucking FTs!


http://tw.news.yahoo.com/article/url...4/1/2bpyh.html


澳籍姐妹夜市行竊 商家發現報警
中廣 更新日期:"2010/08/24 21:35"

宜蘭縣羅東夜市人潮多，兩名澳洲籍的外籍姊妹趁店家不注意行竊，被店家抓到送進警局，警方事後 調查發現她們 是傳教團體的成員，經常會到社福機構進行慈善表演，不料卻違背神意行竊，兩人則表示是一時興起 才順手牽羊。

宜蘭縣羅東夜市商店近來經常遭竊，店家調閱監視錄影帶發現是兩名外國女子所為，警方循線逮捕來 自澳洲現年2 2歲及剛成年的兩名姐妹花，據了解，她們的父親當牧師，姐妹倆常跟著前往醫院或是社福機構傳教及 表演，不料 竟然當起小偷，如經判刑確定，可能會遭遣返。

ossie losers...
Edit Report 04-10-2010 12:54 PMMaddy
arse168,

congrats on your whole family die of cancer, that includes your children.

fuck you
Edit Report 21-09-2010 05:48 AMMaddy
Australian jailed for 'thrill' killing of Chinese

SYDNEY — A man who murdered a Chinese woman in Australia was Wednesday given a life sentence for the brutal attack which the judge described as a premeditated, "thrill" killing of a complete stranger.

Stavros Papadopoulos, 22, pleaded guilty to murdering 26-year-old University of Tasmania accounting student Zhang "Tina" Yu in his Hobart apartment in June 2009, reports said.

His accomplice, 22-year-old Daniel Jo Williams, was sentenced to 10 years in jail on a charge of manslaughter.

Tasmania's Supreme Court heard that the men met Yu at a takeaway pizza shop in the early hours of the morning and had driven her to Papadopoulos's apartment, The Mercury newspaper in Hobart said.

Over the next three hours, she was subjected to such terrible violence and sexual abuse by Papadopoulos that she pleaded to be killed quickly, it said.

After being repeatedly punched, thrown against walls and dragged around by her hair, Papadopoulos suddenly smashed a large concrete brick onto Yu's head before undressing her, placing her in a bathtub and drowning her.

Williams, who had spent most of this time smoking cannabis, then helped his friend choke Yu in the bath before they placed her body in the boot of their car and dumped it in a river.

In sentencing, Justice David Porter said "little, if anything" had been put forward to explain Papadopoulos' depraved behaviour.

"This was a brutal and terrible killing of a complete stranger," he said.

"It was done with forethought and for the sake or thrill of doing it."

The court heard that earlier on the night of the murder, Papadopoulos had told Williams he wanted to "kill and rape a bitch".

Papadopoulos will have to serve at least 25 years before he is eligible for parole

 

[axe168]

Good ! carry on doing what you do or what you think.. As long as I'm the opposite, I should be fine..

To be successful, juz look around the beggers who fail miserably.. :p

We dont think the Australian mining sector is "unstoppable" as the US House of Reps has just passed a bill imposing tariffs on any chinese good that is "undervauled by the RMB" which will result in a trade war between the US and China - in this case China has more to lose than the US does - which will result in less resources demanded by China and will in turn affect Australia negatively, as Brazil and other Resource exporters.

You might want to pay close attention to QE2 - when its over and inflation appears in the US the Fed will raise rates and the AUD will crash like it did in March 2009.

You have a very short memory but many of us on this forum remember your zeal in 2008 over the rise of the AUD and the brisbane property you invested in and your silence over the crashes of the AUD and that venture respectively.

Once again a strong dollar does not really equate to "benefits" for a nation's consumers - unless you are an Australian importer or are planning on traveling to America or investing in US Dollar demoninated assets. I am perplexed when I see Singaporeans "proud" of the SGD's strength but its so misplaced as there are serious negatives for a nation's currency to be too strong.

 

[Aussie Prick]

Good ! carry on doing what you do or what you think.. As long as I'm the opposite, I should be fine..

To be successful, juz look around the beggers who fail miserably.. :p

Whatever. For years now I have pointed out the obvious and the results are plain too see. And dont say I never told you so.

 

[neddy]

You should get your info updated.. Australia signed mega deals with China, India and Japan. Most deals from WA. Soon the employment is knocking everyone's door. If opportunity comes, I'll move to WA !!

God bless Australia !

A lot of eastern states people are working in the oil/gas and other commodities projects in WA. Just check out the number of FIFO flights between WA & VIC.

The amount of foreign investment in 2010 is astounding. No wonder the Gillard govt wants to cool the red-hot economy by delaying new projects and putting more taxes on miners.

Singapore and Indoneisia are also benefiting from these projects because of the cheaper backoffice jobs going there.

 

[axe168]

Whatever. For years now I have pointed out the obvious and the results are plain too see. And dont say I never told you so.

You hv been pessimistic from day 1. You claimed Aust economy and real estate will be down by 30%.. On the other hand, I am opptimistic.. I reckon it will go up-up & up. If GFC can't cripple Australia, what else will ? hahaha. We shall see..

The result will be in the next 1-3years.. stay tuned

 

[axe168]

A lot of eastern states people are working in the oil/gas and other commodities projects in WA. Just check out the number of FIFO flights between WA & VIC..

This is why my number choice is in Melbourne. I never like places like Jurong (although i lived there once), Tas or NZ. I prefer well located place.. good infrastructures and good trade.

 

[Aussie Prick]

You hv been pessimistic from day 1. You claimed Aust economy and real estate will be down by 30%.. On the other hand, I am opptimistic.. I reckon it will go up-up & up. If GFC can't cripple Australia, what else will ? hahaha. We shall see..

The result will be in the next 1-3years.. stay tuned

Actually I see the Australian economy as "red hot". I never saw property prices declining by such an excessive degree in Australia - you have no supply to begin with. I have stated repeatedly your government is responsible for you lack of supply and that - is the major factor surrounding your housing situation. Nothing has changed in prescriptive planning in Australia.

But if you think property prices will rise further in Australia - well that would mean it would then take more than the current 8X income there to purchase a home. Will it rise to 10X income? Good luck to you if you think so.

I see much activity now in Singapore with people taking advantage of the fall of the dollar. American equities are dirt cheap - which is one of the reasons why the dow has risen over 11,000. Our clients are well positioned right now...We are even getting Australian clients these days too wishing to purchase.