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#1861 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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#1862 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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2 years. Expires in July 2023. By then I'll just get the broker to shop around again. The switch was so seemless.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1863 | ||
Where to next??
Join Date: Oct 2006
Location: Sydney
Posts: 8,893
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I've got several properties on my watch list that have seen price drops.
A few have been under offer and back on the market 2 or 3 times. I think the credit industry is really making it hard to borrow and are not accepting the over inflated valuations of 6 months ago. Many places are now priced at near pre-boom prices - had interest rates been forecast to be stable I would have many options to make an offer. I'm keen on one place that I can totally gut and renovate. I may just make an offer low enough to cover me for possible future price corrections and see how it goes. But happy to sit back with my popcorn and watch what happens. I'm still thinking January of next year will be a good time to aggressively look for a place.
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___________________________ I've been around the world a couple of times or maybe more....... |
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#1865 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,860
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Based on what - the median value?
I am skeptical; it suits some parties to spread these ideas. Capital growth may slow while supply chains smooth out new pathways, but so long as we (Australia) remain a bed of ease for foreign interests the value will continue to rise strongly overall. |
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#1866 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Quote:
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1867 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,860
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I’m not disputing the presence of a dip currently, but don’t believe it’s the sign a bubble is bursting or that we are headed for a large “reset”. Urban consolidation is still absolutely ripping along and new estates seem to be holding a head of steam comfortably. If anything changes soon, it may be that people turn over their “forever home” less quickly (forever apparently meaning you live there for 2-3 years).
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#1868 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Quote:
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1869 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Wonder how all the chat about US recession and tech stocks diving (they are) will flow on, come in spinner!
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#1870 | |||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,350
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Quote:
Do you really think Wall St/US can afford the melt down let alone the global markets under the current circumstances....... I'll be surprised but lets wait and wait and see.
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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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#1871 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Quote:
Agreed on it being "strong", but its highly supported for all the wrong reasons. But it is what it is, I am not phased, just sad at our economic state.
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#1872 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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I was cold called again today by LJ Hooker. Just said nah mate not interested when they said do you want to know whats sold in your area.
WTF? I have the internet and can see that for myself and have no use for you if I'm not selling. I knew what my neighbours paid in rent before they moved in ![]() Oh yeah still have to get onto my broker about a rate cut but wondering if it will be better to wait for the June rate rise before I do. |
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#1873 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Bit more pain heading towards mortgagee's with an estimated 18% rise in electricity prices for NSW. Vic 5%. Ouch.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1874 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
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Quote:
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#1875 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Quote:
I think the rate increases are the least of peoples worries at the moment.
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#1876 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Quote:
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1877 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,860
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#1878 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Fuel, rising energy costs, food etc…. Just to name a few.Forgot, rents!
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1879 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Quote:
Not that I take sides both sides are crooks. Who knows....Imagine they could bring in constitution laws enacting original land owners rights so we all end up just leasing the house that sits on first Nations people land as we should IMO. Flame suit time.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1880 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Quote:
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1881 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Quote:
Usually the Libs will tax the small business to help big business. Where as the Labs will tax the small business to help unemployed trans whales. Either way small business gets screwed, then its passed on to mr. consumer. I'm more concerned about a certain 2 huge corporations that seem to be influencing our banking sect, the media, fuel companies, our supermarket's by stealth.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1882 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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For those who have leveraged to the hills, a small percentage point rise could outstrip other costs of living on a monthly basis. You can absorb a bit of the fuel, electricity and food costs by changing your habits. Can't with interest rates if you are an owner occupier.
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~~~~~~~~~~~~~~ Rides (past and present) Current: 2004 Ford Falcon 5.4L 3v Barra 220, Manual Past: Mitsubishi Sigma (m), Toyota Seca (m), Toyota Seca SX (m), Toyota Vienta V6 (m), Toyota Soarer 4L v8 (a), BA XR8 ute (m), T3 TE50 (m), BMW Z4 (m) AFF motto - If contrary views trigger, please use ignore button. ![]() |
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#1883 | |||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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Quote:
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1884 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1885 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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__________________
2022 Honda HRV e:HEV in Premium crystal red. |
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#1886 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: A.C.T
Posts: 1,569
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And this:Sometimes good economic policy means taking money out of people’s pockets.With the economy strong, inflation rampant, & unemployment staggering low,now is the time for action.Rate bikes are obvious, the government also needs to trim spending & tighten taxes.This is just plain fact,& is backed up by numerous economists.We need to get the government debt down from a gross figure of $888 billion.Money does not fall off trees.Some hard decisions are going to & have to made in the next six months, whether you choose to believe this or not.
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2022 Honda HRV e:HEV in Premium crystal red. |
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#1887 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1888 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,860
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I read the NSW Government is likely to mothball some sizeable infrastructure projects in favour of smaller ones that
But it surely affects the narrative and practical outcomes around urban sprawl - transit times, accessibility, realistic uptake of urban centres. |
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#1889 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Quote:
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1890 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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It really boggles the mind, their thinking. Governments seem so averse to taking on debt, yet happily run a budget deficit. Why cant the government build some of these big projects rather than outsourcing them? I have far less of an issue paying tolls to use those road projects if its going to the government, than if its lining a private corporation's pocket.
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