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Most Active In:: Australian property (126 posts)
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Topics I've Started

Barnaby Joyce talking to Alan Jones

13 February 2013 - 09:06 AM

Was driving one morning this week and managed to tune in to Alan Jones (Sydney talkback host) having a rant session with Barnaby Joyce on the radio.

Alan and Baranby were having a good old whinge about the Federal Government and more specifically the Federal Government debt. They were talking about spending money that the Government didn't have, they were talking about how Federal Government debt is too high, they were talking how our children and grand children will have to pay back all this debt etc etc etc...

Then ofcourse Barnaby has to mention house prices dropping and what a terrible thing it is.

What crap.

Baranby, who is so anti debt when it comes to HIS EMPLOYER (ie the Federal Government) doesn't seem to give much of a fark about the debt that HOUSEHOLDS and INDIVIDUALS have to take on. Because if he did he would APPLAUDE cheaper housing because cheaper housing = less debt.

But oh no... Barnaby wants a debt free government. But as for people trying to buy their own home. F*ck 'em. Let them drown in debt with ever inflating house prices.

So there you have it. Federal Government debt is the root of all evil. Household debt... let her rip according to Barnaby.

Classic example of the double think that we are supposed to swallow when it comes to debt. What a joke.
Dr Andrew Wilson Rant in the SMH

22 January 2013 - 08:19 AM

http://smh.domain.co...0121-2d2e4.html

A bit of a jump in prices over the first few weeks of 2013 and Doc Ando is on his bandwagon talking nonsense trying to discredit Demographia.

Quote
the Australian economist Dr Andrew Wilson criticised the Demographia International Housing Affordability Survey, saying that comparing the Australian housing market to others was like making comparisons with Jupiter.

Nah, it's not mate.

But if this is the best arguement Doc Ando can make then clearly earning that PHD was a waste of time. Sheesh... *eye role*

Quote
He issued a "please explain" challenge to the authors of the survey.

"If Sydney is so unaffordable, why do we have so much activity in the housing market?

"Why are prices rising?"

*sigh* Well Ando, I've posted this before but it's worth posting again. Here's the reason why house prices in Sydney have risen slightly.

Yup it's debt.

Now that chart is for Australia and debt levels have plateaued over the last few years. However I'm pretty confident that if you filtered the figures for Sydney only then you would find that debt levels have increased slightly for this particular city.

Hence the reason why house prices in Sydney have risen. People have just hoovered up more debt. It's that simple. So long as people suck up debt house prices will rise.

But a country cannot keep sucking up more and more household debt. Well not without future problems anyway.
News: First Home Buyer Demand Slipping - Shortage of People (idiots)

05 December 2012 - 06:38 AM

Ofcourse this article blames the withdrawl of the grants for the lack of buyers... not THE EXTRAORDINARILY HIGH PRICE OF HOMES IN AUSTRALIA.

Clearly the reason Aussies don't want to buy a home is because the Government won't give 'em $7000. It's got nothing to do with the half a million dollar plus price tag. Price isn't even worth mentioning in the article. House prices are totally irrelevant to buyers. It's all about the grants you see... the grants.

Quote
Generation may be stuck on rent roundabout for life

•First-home buyer demand slipping
•Follows withdrawal of grants
•Nation in danger of changing to a generation of renters

FIRST-HOME buyer demand has collapsed in major housing markets, with the nation in danger of changing to a generation of renters, according to Australia's biggest mortgage broker.
Renters have given up on buying their own home in New South Wales as well as Queensland in the past two months, according to AFG figures.

....

“First-home buyers are the lifeblood of the property market - when activity stagnates at the entry level, it affects everyone up the property chain,'' Mr Hewitt said. (What you mean the poor buggers further up the chain who already have a home?? Oh no. Quick we must rescue those people. They really must be suffering.)

"We could be seeing the transition to a generation of renters unless more is done to help people on to the property ladder.'' (100% agree. Drop the prices by 30-40% and watch 'em all pile in. It'll be a sales bonanza.)

Read more: http://www.news.com....3#ixzz2E9jktUSZ
Homelessness Up In Australia

12 November 2012 - 10:00 AM

No surprises here at all....

http://www.abc.net.a...ulation/4366796

Key points
* Homelessness up by 17% from the 2006 census.
* People living in "severely overcrowded" housing - up by 41,390 since the 2006 census. (Sever overcrowding is a growth sector in Australian housing. Cheer on the bubble everybody. )
* Tasmania and South Australia had the lowest rate of homelessness in 2011, although both states recorded an increase since 2006. (Wow... who would have thought that the states with the cheapest housing are able to actually "house" their populations a little better than the rest. I'm in shock. ) They're homelessness rate is still growing though, in line with the bubble I assume.
* almost two-thirds of homeless people on census night were under the age of 35, partly because of a significant increase in homelessness in the 25 to 34-year-old age group. (No suprises here either. This is the demographic of people in Australia who have got kicked in the face and pay the price for the Australian property bubble. )

Ofcourse, even though this is an ABC article, little or no mention is made of actual property and rent PRICES in Australia. That's an elephant in the room that you just ignore if you work in the media. Along with household debt levels.
Slum building in Bankstown may have caused tragic students death

20 September 2012 - 10:40 PM

Quote
Fire flat building changes: 15 minutes to 'flashover'

Date September 21, 2012

A FATAL apartment fire in a Bankstown tower block burnt so violently it reached an explosive state known as ''flashover" in its first 15 minutes.

A Herald investigation has found fire safety breaches might have contributed to the intense fire, which escaped the apartment and filled the 10-storey block with thick smoke.

Fire investigators and police are examining an extra bedroom that was added to the apartment by walling off part of the dining room.

In another issue that concerns investigators, the four-bedroom apartment appears to have been used as a mini-boarding house, with locks on all bedroom doors.

....

Overcrowding and unapproved works inside flats are believed to be common in areas with a high number of students, particularly central Sydney. But it is a frustrating blind spot for NSW Fire and councils, which have almost no right to enter private property, except in emergencies.

Read more: http://www.smh.com.a...l#ixzz273H1zZxf

If this investigation is correct then we have a nice picture of real estate life in modern day Sydney.... People jumping to their deaths from fire trap buildings while the real estate industry circle jerk celebrates rising house prices, increasing rents and a shortage of housing. Go the bubble!

We'll wait to see what the coroner finds happened to this poor girl and see if the Herald investigation is correct.