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#2521 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,340
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got to agree on Greenwood, he sold out yonks ago.
Hardly one to take note of.
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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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#2522 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
Yeh saw a bit of the Powell speech overnight. They want to bring inflation back to 2% ![]() The rate rises in the US won't affect most exiting mortgage holders, most are on 5-10-30 year fixed terms. It'll just slow down uptake of new credit. The speed in which this has been done has got to have some unintended consequences i.e. SVB (or is it intended??). They reckon there is another 200-300 smallish banks in similar position. But not to worry, they'll just use tax payers money to bail them out.
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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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#2523 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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I so sick of companies being bailed out, yes the fall out is harsh but where is the risk?
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#2524 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
I guess the risk that everyone panics and starts pulling their deposits out of banks in general, then you create a run on banks that might actually have been doing ok. Then the dominoes.
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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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#2525 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2526 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Bank of England followed with a 0.25 increase.
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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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#2527 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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OPEC+ just announced they are cutting oil production by 1.2 million bpd.
Lets go for 20 raises in a row.
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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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#2528 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,340
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I see the housing bubble in northern and north west sydney is still very strong imo.
Went to another open house (townhouse) for the son and daugther inlaw Saturday. 2bed/2floors/1bathroom/2 toilets/good size balcony/2car garage - been owned for over 10yrs nicely renovated few years ago. The viewing was packed. Its going to pull sub $1M easily imo. They missed out at a auction 2wks ago, Oatley, another townhouse with just 11 in the strada. This was a 3bed/2floors/courtyard/2car garage. Wasn't bad actually butbutbut.... Prior to auction last open house we went, the entire complex was having render cancer repair work done lol..... 6 registered parties, nudged and sold $970K. Wasn't worth that $$ to me but there is always a buyer willing to pay.
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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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#2529 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Not really housing bubble related but some of us here may have Super investments that involve houses.
This is the projected tax reform Labor is preparing to introduce which will hit retirees and those with Superannuation. Designed to tax your Super even further when you retire and to destroy intergenerational inheritance wealth. https://au.news.yahoo.com/super-tax-...173005879.html Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2530 | ||
T3/Sprint8
![]() Join Date: Jan 2005
Location: Australia
Posts: 16,340
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Even though the Libs were double dipping into the self funded retirees - because you know they never paid enough tax in the first place haha yer right these hippocrites are always worse.
Cash splash Rudd, even those 6' under and abroad got a splash lol......damn fools.
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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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#2531 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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That inheritance is needed now more than ever, given how much more those still working have paid for their houses, and consequently, how much further behind they'll be at retirement age as a result.
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#2532 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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I agree. It's going to crush a lot of people into the ground.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2533 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: In Front of a Monitor
Posts: 1,640
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and how much do politicians get in their retirement again.....
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2004 Mercury Silver Falcon XR6T - 5 Speed 2017 Platinum White Mustang GT - 6 Speed 2022 Blue Thai-Special for Daily Duties - Auto |
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#2534 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Red team blue team, doesn't matter, both knocked up enormous debt and someone has to pay. Super was originally designed as a fall back to support retirements, it was not designed to be a tax haven for the wealthy to funnel their assets into. Technically speaking, we are already paying a 4% bonus tax on our super with the delay in the 13% rate, except this tax will be compounded for the rest of our working lives. If you've been paying attention with recent announcements, you will realise our debt is only going to spiral upwards in the next 10-20 years, so gov will need to invent new ways to pay.
Shav, I think our gen will take a moderate hit but still come out relatively ok, but the next gens are going to have to pay up big time. Back on the housing front, builders are going down left, right and centre. Homes aren't getting built. People who recently listed their homes and aren't getting the price they want, are pulling out and holding on. The immigration drive is in motion. The laws of supply and demand tells us house prices are likely to go one way. I'm seeing it in the neighbourhood now, houses that were going for $1.1 to 1.2m during covid are now fetching $1.5m. Its freaken crazy when you consider that banks have to assess new loans with a +3% buffer for serviceability.
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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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#2535 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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Quote:
Yeah Gen X's will take a hit. But ultimately we all get hit by the big elites until a CBDC and one world gov comes in to 'save the day'. (Don't get me started on that topic). Anyone who has a contract with Porter Davis or Lloyds will be copping it right now. I heard people with half built homes are taking the brunt of vandalism from tradies not being paid. Terrible to take it out on them.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2536 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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Shows them as the bunch of man-babies they are. Without evidence, I wonder if it’s possible there were heavy cash incentives trickling down to these infants and now they’re having tanties because the book income is all they’ve got to show and it’s not looking good as creditors.
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#2537 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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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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#2538 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,855
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If you’re a genuinely handy person, it’s probably a golden time to be an owner-builder. That excludes the social media types.
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#2539 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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https://www.dailymail.co.uk/news/art...pril-2022.html
Quote:
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2540 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2541 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
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#2542 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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There's only so much buffer you can realistically factor into a contract and well the environment has drastically eroded that.
Materials, labour, weather. You want the house finished you have to pay and well that is more difficult to get the money to do so. So the RBA have paused rates but won't be surprised if lenders jack it up anyway ![]() I'm glad that I negotiated a payrise as part of my promotion last week for about $100/wk before tax ![]() |
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#2543 | |||
Experienced Member
Join Date: Sep 2006
Location: Australasia
Posts: 7,540
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Quote:
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#2544 | ||
If it ain't broke........
![]() Join Date: Dec 2007
Location: Sunshine Coast Qld
Posts: 18,537
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Still going up here..........https://www.sunshinecoastnews.com.au...turned-around/
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#2545 | |||
Regular Member
Join Date: Jan 2014
Posts: 372
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Quote:
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#2546 | |||
Regular Member
Join Date: Jan 2014
Posts: 372
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Quote:
I suggest that our governments should be applying more attention to manufacturing and processing industries. This however would be difficult with world trade agreements etc. but it’ only a matter of time before prefabricated houses imported from overseas will become common. So much for the ‘housing led recovery’ propping up the Australian economy. |
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#2547 | |||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
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Quote:
I got a 4.3 metre ladder and clambered up to paint the chutes, and when no more gapping the skylight frames, I was mighty surprised to see a metal label, and the skylight was manufactured in USA. Why cannot Australia make a skylight here- wood frame, 2 glass panes, I mean come on- why do we need to import this from USA
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Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
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#2548 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,046
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There are plenty of Australian-made skylights. Probably a question better asked of the installer before the job is done.
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#2549 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,324
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__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#2550 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
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Quote:
Can't believe we haven't heard of toilet use surcharges yet. ![]()
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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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