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Max Carnage's Profile User Rating: **---

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Reputation: -35 Poor
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Active Posts:
1,789 (1.72 per day)
Most Active In:
Australian property (907 posts)
Joined:
19-July 09
Profile Views:
5,056
Last Active:
User is offline Apr 13 2012 01:28 AM
Currently:
Offline

My Information

Member Title:
Inimitable
Age:
36 years old
Birthday:
April 1, 1976
Gender:
Male Male
Location:
Regional VIC

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E-mail:
Private

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Posts I've Made

  1. In Topic: Smart ways to climb the property ladder

    24 February 2012 - 08:43 AM

    I notice she has $200 of AIW shares listed under her assets. That seems a pretty small parcel, despite the 3149 of them. So I checked the market. Current price? 5c. Price 5 years ago? $11.

    Looks like she's got all the experience required for property investing in the current climate!

    Also, those comments are awesome.

  2. In Topic: Smart ways to climb the property ladder

    21 February 2012 - 06:40 AM

    View PostPeachy, on 20 February 2012 - 08:53 PM, said:

    By my calculations - fifteen dollars and sixty cents.

    Somersoft says "get a better mortgage broker". Any more than thirteen cents of unused equity is lazy money.

  3. In Topic: NEWS: Bloodbath to hit Australian real estate

    24 January 2012 - 08:18 AM

    View PostBernard L. Madoff, on 24 January 2012 - 05:49 AM, said:

    [*]Total Australian exports to China in 2010 was $58B equivalent to 4.8% of GDP
    [*]Iron Ore exports to China was $34.6B of that number above or 2.9% of GDP


    * Annual increase in housing debt was $71B at last RBA count (Nov 2011) IIRC. Not enough to keep home prices from sliding, but a pretty big stimulant for the economy nonetheless.

    I think China and domestic housing are both significant risks.

  4. In Topic: Perth prices to fall 2.2% next year

    29 December 2011 - 09:39 PM

    "House prices in Perth have been falling since the March quarter 2010..."

    According to the ABS, Perth house prices are back below December 2006 levels. An eyeballing of the series lends me the thought that, were it not for the FHOG Boost and interest rate slashing, affordability would have improved by ~25%. Naturally.

  5. In Topic: The final word on Australian house prices: Christopher Joye

    21 December 2011 - 11:41 AM

    I think Peachy nailed it. A huge part of the growth in purchasing power over those 25 years is directly attributable to declining interest rates. (Another part the piemeister likes to ignore is the inclusion of non-wage income, but that's covered elsewhere.)
    That can go only so far. The RBA are already locked into a future of interest rates trending towards zero, just to keep prices from... well, from doing 'worse' than they've done in 2011.

    My take-home from this is something like "simple people will spend every cent they can borrow". Or maybe "house prices are determined by the most reckless lenders".

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Comments

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  1. Photo

    schooner 

    14 Jun 2010 - 04:49
    From cracker you moved them onto GHP, and now we find you here!I feel your day has almost come and I wish you well.
  2. Photo

    Max Carnage 

    29 May 2010 - 05:06
    Hello.
  3. Photo

    schooner 

    29 May 2010 - 04:37
    foundation?
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