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05-06-2018, 12:55 AM | #541 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Quote:
A woman of 25 years of age has a 1 in 1200 chance of producing a child with Down Syndrome, by 35 its 1 in 350 and gets significantly worse as they age, by 40 it is 1 in 100. That is just one risk, there are many more. Modern drugs can do wonderful things but they cant stop a womans biological clock. |
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05-06-2018, 01:13 AM | #542 | ||
T3/Sprint8
Join Date: Jan 2005
Location: Australia
Posts: 16,552
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Not OTT at all, thems the facts, people in general are having families later and it wasn't because of property rising but wanting to live life prior to settling down, the opposite to the past so we've been led to believe.
During the time of enjoying themselves costs rise/rose whilst they spend. Women want careers before baring kids (no worries to me good on them why not), yep those risks come into it. The biological boundary has been tested for quite a while. In the meantime these people make it harder for themselves to home ownership (unless they bought a investment in between), that is if they desire it today....
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Tickfords T3/TS50 '02 Sprint8 manual Sept 24 '16 Daily Macan GTS "Don't believe everything you read on the internet. Abraham Lincoln" |
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05-06-2018, 01:13 AM | #543 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Between here and there
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05-06-2018, 01:26 AM | #544 | |||
FF.Com.Au Hardcore
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Location: Between here and there
Posts: 957
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05-06-2018, 06:50 AM | #545 | ||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 706
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it realy peeves me off when people go on about renting is cheaper than owning.yes it might be in some circumstances if you put away the difference for later in life . atleast when you own you can downsize,reverse mortgage etc and lives(sorry that should be exist) on those funds.i know a couple who lived their lifes(annual holidays etc) who are closing in on retirement and are starting to regret renting their whole life instead of owning and are now worried how they are going to afford rent in the future.rent min 400/week*52=20800 up against about 5k for rates etc
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05-06-2018, 09:38 AM | #546 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 11,275
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Quote:
Knowing the way housing was going and not desiring to own a house in my 20's I did things in the total opposite way to most. Straight out of my (poor paying) apprenticeship I discovered I wanted to travel and work (nature of the job really) so I bought old boats and lived aboard while doing them up and selling them after a few years usually on the Hawkesbury or Central Coast NSW. Life was good, living cheap afloat, later as more work started to appear further afield and away from the coastal areas I decided to buy an old box truck and convert it into a motorhome I could stay onsite wherever I worked country and cities. Over the years with several newer versions I've built to my needs, I started thinking how I missed out on the housing market and what the future could bring knowing "nothing stays the same" While working in NE Victoria I found a couple of beaut little towns with great opportunities to buy land in town. I know this doesn't suit others I'm sure but important to me was being on the Hume Hwy, having a local mechanic/engineer, local IGA and a railway service to Sydney (XPT) or Melbourne (Vline). Land had to be 1 acre, with trees and flat but not floodable walking distance to all above services. Saved the money and bought through hard work with no debt, I now have a little cabin on it (500 sqft) which is 12 volt solar, wind powered, big shed for my trucks (and yacht I still have) Maybe in the future I might get around to building a real house (maybe not) but for now my partner and I keep travelling. Sorry bent8 we never wanted kids. I admire guys and gals who sacrificed their younger working lives paying off houses and now reaping the rewards, good luck to them but I feel for younger generation who are locked into places like Sydney and Melbourne who need to break free. One thing I absolutely hated when I was younger was commuting in a city, I would rather driver 1200km to a job and stay onsite than travel 10-40km one way to work each day. As I said this is not the lifestyle for everyone and I didn't want to buy the caravan / motorhome thing when I was ancient.
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Last edited by roKWiz; 05-06-2018 at 09:43 AM. |
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05-06-2018, 10:56 AM | #548 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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05-06-2018, 11:19 AM | #549 | ||
Au Falcon = Mr Reliable
Join Date: Sep 2009
Location: North West Slopes & Plains NSW
Posts: 4,076
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As in the country is over crowded & pushing house etc prices up? If so, there's a lot more to it than that..
cheers, Maka
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Ford AU Series Magazine Scans Here - www.fordforums.com.au/photos/index.php?cat=2792 Proud owner of a optioned keeper S1 Tickford Falcon AU XR6 VCT - "it's actually a better-balanced car than the XR8, goes almost as hard and uses about two-thirds of the fuel" (Drive.com 2007) |
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05-06-2018, 12:21 PM | #550 | ||
FF.Com.Au Hardcore
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Posts: 895
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05-06-2018, 01:04 PM | #551 | ||
Au Falcon = Mr Reliable
Join Date: Sep 2009
Location: North West Slopes & Plains NSW
Posts: 4,076
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Np Fed, as we both know its all about supply & demand at the end of the day plus other factors influencing those real estate prices. A overcrowded market can push prices up for sure as well as cheap home loans or finance etc etc.
Fact is prices are sky high atm generally pricing some out of the market now & into the future in certain capital cities & some other regions of Australia. cheers, Maka
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Ford AU Series Magazine Scans Here - www.fordforums.com.au/photos/index.php?cat=2792 Proud owner of a optioned keeper S1 Tickford Falcon AU XR6 VCT - "it's actually a better-balanced car than the XR8, goes almost as hard and uses about two-thirds of the fuel" (Drive.com 2007) |
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05-06-2018, 01:07 PM | #552 | |||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,668
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Quote:
Because it is often difficult to observe intrinsic values in real-life markets, bubbles are often conclusively identified only in retrospect, once a sudden drop in prices has occurred. As the OP the reason for the thread was that the economic data is indicating that potentially there is a bubble. That means that people should be aware of the potential danger. If the normal chance of a significant fall in house prices is say 1% then if as I suspect it is up to 5%-7% then as a risk to an investor that is a significant increase. Doesn't mean it will happen. Just that it should be considered when assessing the investment. As it happens we seem to be gently deflating prices atm, which is a good thing for the economy and all partiipants. The problem in Australia and to answer Bossxr8 question is that our Greenfield land is a huge cost compared to previous generations which forces up prices across the board before investors compete for stock. It is a very short sighted situation having so much of workers income going on mortgages in Australia where we have an abundance of land. The problem comes if there is an economic shock and a significant fall in employment. Suddenly many houses on the market all at once. As in previous posts I have compared Syd/Melb to Atlanta and Houston. The difference is shocking and is a direct result of government policy and interference. When comparing generations the critical difference is that previously government policy did not have the impact that it has now. Greenfield land is far more expensive on any measure. Last edited by zipping; 05-06-2018 at 01:17 PM. |
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05-06-2018, 04:26 PM | #553 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
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i just had the battery fail i needed 4 tyres then when the car heated up the radiator failed and thats just tuesday.
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05-06-2018, 04:27 PM | #554 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
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1 ac at torrington nsw 45000 with houseing frame buy now!
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05-06-2018, 04:33 PM | #555 | ||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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I cannot see any danger in buying a house in populated cities. The demand is growing daily,like our population & it is not going to go backwards. Maybe it is at it's peak and may stabilise at the current prices, but it is not going to go backwards. If your not in the market, get in any way you can as it beats paying somebody else's mortgage for them. Fair to assume the negative comments of owning a house come from those renting as it is dead money anyway you look at it.
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05-06-2018, 05:11 PM | #556 | ||
Regular Member
Join Date: Dec 2011
Location: country nsw
Posts: 191
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had someone i know buy house in melbourne with a loan of the bank of melbourne that went bankrupt lost there house and ended up owing money after they couldn't refinance and the bank foreclosed on them beware of your contractes
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05-06-2018, 06:28 PM | #557 | ||
Moderator
Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
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With young people and couples priced out of the housing market, especially in suburbs close to the city and available work, I can see the future trend will become a popular option...
Parents that have a home on a deep block with large backyard, applying for dual occupancy subdivision, then allowing their children to build a townhouse/unit at the back. |
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05-06-2018, 07:21 PM | #558 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
Australia is in the middle of the world biggest ponzi scheme. |
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05-06-2018, 07:37 PM | #559 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Quote:
When i sold i had real estate companies tell me it was the best present period property in the wider area and if everyone presented their properties as i did their job would be much easier, first viewer bought it for full asking price, didnt even offer less. Dont let my current lifestyle choices mislead you. I'll buy again, when my kids have all left and i only need 2 bedrooms and quite likely it'll be a new transportable in a retirement villiage where i dont have to purchase land or deal with maintenance. |
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05-06-2018, 07:50 PM | #560 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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05-06-2018, 07:54 PM | #561 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,987
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Quote:
not taking the **** we all have reasons, situations we are in and decisions made at the time |
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05-06-2018, 07:54 PM | #562 | ||
Donating Member
Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,811
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Buying in a mining town is extremely high risk, those that bought in mining towns knew full well of the risk. 10 years ago everyone said we were in a housing bubble, my family told me i was stupid to buy at the time. I bought my first house (well the bank did) in an area that is nothing special. Since then it's gone up 150% and now they are saying it will pop, exactly what everyone said 10 years ago. The government won't allow it to pop or the economy will crash, simple as that.
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05-06-2018, 08:02 PM | #563 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Quote:
Hmm..you sure? |
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05-06-2018, 08:13 PM | #564 | |||
BLUE OVAL INC.
Join Date: Feb 2006
Posts: 8,674
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Quote:
Not sure what the situation would be in terms of remaining mortgage, like many others i may have added a new car or 3 to it etc. because i could, certainly wouldnt be a pioneer there either. If it came up for sale tomorrow i could drop $30k on it and still be paid off before retirement age so whats the diff really. Cant compare Adelaide with Sydney, in capital gains or lifestyle but i love it for its laid back ease. Last edited by BENT_8; 05-06-2018 at 08:19 PM. |
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05-06-2018, 08:28 PM | #565 | |||
FF.Com.Au Hardcore
Join Date: Jun 2009
Posts: 18,987
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05-06-2018, 10:01 PM | #566 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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05-06-2018, 10:22 PM | #567 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Quote:
We're at a RECORD LOW cash rate of 1.5% ... that's a tiny 1.5% margin the government have up their sleeves (well, the RBA strictly speaking, not the government) with which to prevent the economy tanking. The only thing simple here seems to be peoples understanding of economics. Talk about complacency.... |
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05-06-2018, 10:29 PM | #568 | ||||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,070
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Quote:
https://www.macrobusiness.com.au/201...g-boom-really/ Paul Keating says the housing boom is over (but what would he know, right? he only instated some of the most profound economic changes in our country's history). Articles finishes with Quote:
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06-06-2018, 04:04 AM | #569 | |||
FF.Com.Au Hardcore
Join Date: Jun 2017
Posts: 1,341
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06-06-2018, 08:32 AM | #570 | ||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,790
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And to throw in another curveball.
ABC reported today that for the first time in Australia casual workers now constitute over 50% of the workforce. Casual workers are disadvantaged compared to full time workers as they do not have the income security, nor the added full time employee benefits. They added that the increasing "contractors" demanded by large employers, so employers avoid the employee obligations- are the worst off. The report mentioned a graduate from University, with a MBA in an area in demand, had a HECS debt of some $90,000- could not get a full time position-only casual- and trying to pay back the HECS and save for housing and worries about work- she is being treated for anxiety for first time in her life. It would be horrible trying to enter the market and take out a large loan on casual intermittent employment-actually horrendous.
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