![]() |
|
Welcome to the Australian Ford Forums forum. You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated. |
|
The Bar For non Automotive Related Chat |
![]() |
|
Thread Tools | Display Modes |
![]() |
#2641 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,320
|
WA building company Slatter Group collapses into liquidation
https://www.news.com.au/finance/busi...694f8854c925cb
__________________
"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 |
||
![]() |
![]() ![]() |
![]() |
#2642 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,678
|
We could take a leaf out of their culture for things like this. There is a reason the asian community and middle eastern community thrives here in Australia. They are mostly very hard workers and will do anything for their family. Meanwhile us aussies are selfish and not so much about family, i'm guilty of that too.
__________________
Proud owner of the ugliest Ford ever made |
||
![]() |
![]() ![]() |
![]() |
#2643 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
Well...annual inflation just ticked up 0.5% again, to 6.8%. RBA meets next Tues.
Wesfarmers CEO saying the honeymoon for retailers is over. Apparently they have never seen spending habits before like what has happened post pandemic. People were not bargain hunting, and just picked whatever they wanted regardless of price. (Wondering if he was trying to justify their own record profit margins). But that will soon come to an end.
__________________
~~~~~~~~~~~~~~ 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. ![]() |
||
![]() |
![]() ![]() |
![]() |
#2644 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
|
The monthly indicator was 6.3% for March, have they published April's data yet?
|
||
![]() |
![]() ![]() |
![]() |
#2645 | |||
Donating Member
![]() Join Date: Mar 2007
Location: Heading thru Hell (Corner)
Posts: 8,179
|
Quote:
https://www.9news.com.au/finance/aus...6-8c3bcc0a53f1
__________________
Labels are for jars, not for people. Life is a journey, not a destination. ~~~~~~~~~~~~~~ Daily: 2013 FGII EcoLPi in Winter White Play: 2015 FG X XR8 in Emperor Show' N Shine thread Gone, but not forgotten: 2015 SZII petrol Titanium Territory in Emperor |
|||
![]() |
![]() ![]() |
![]() |
#2646 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,829
|
This will be likely ignored by many… RBA head saying that people should in a good number of situations, be considering constituting households with more people in them.
https://www.abc.net.au/news/2023-05-...down/102414220 |
||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#2647 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,045
|
Meh. Core inflation is down, in April they removed the fuel excise subsidy and lo and behold, fuel inflation is a big contributor to the overall figure. Hardly justification for a big rise, if any.
The monthly inflation figure is the sum of all the 12 months up to now, and most of the 6.8 came from earlier in the last year. Recent monthly inflation is clearly trending down, and if you ignore the fuel component, the last month annualised is <4%. The rises are doing their thing. I cant understand the amount of people saying we need a 0.5-0.75% increase when its clear that inflation is being brought under control. |
||
![]() |
![]() ![]() |
![]() |
#2648 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,320
|
Quote:
That bloke is a complete flog.
__________________
"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 |
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#2649 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
Wage growth is a threat. Full employment is a threat.
Why is it that our our economic system turns to crap when the the plebs can start to afford nice things.
__________________
~~~~~~~~~~~~~~ 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. ![]() |
||
![]() |
![]() ![]() |
![]() |
#2650 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
|
Could be a 0.5% percent jump next week.
(That's my guess.... ![]() that would be interesting.
__________________
Please press the "Like" button if you enjoy my posts. (It's the red triangle with exclamation mark on the left) |
||
![]() |
![]() ![]() |
![]() |
#2651 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
|
Can't wait for the sookey lah lah GayBC stories about the poor mortgage holders.
__________________
Please press the "Like" button if you enjoy my posts. (It's the red triangle with exclamation mark on the left) |
||
![]() |
![]() ![]() |
![]() |
#2652 | ||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,320
|
__________________
"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 |
||
![]() |
![]() ![]() |
![]() |
#2653 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
Quote:
__________________
~~~~~~~~~~~~~~ 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. ![]() |
|||
![]() |
![]() ![]() |
![]() |
#2655 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
|
Quote:
I would never buy a new house (at my age at least), it's just not worth it compared to existing which is built better and usually comes on bigger land. High end custom homes, different story, but ugly cookie cutter grey boxes built in MDF don't do it for me. As for the "bubble" itself. 1 minute of looking on Realestate found me this: https://www.realestate.com.au/proper...ough-142297212 Fully renovated on 800 square metres of FLAT land. Here in Maryborough which has train services to Melbourne, and is less than two hours drive from the CBD. Everything you need is here. Less than an hour from Ballarat or Bendigo if you need more. $345,000 purchase price, and if you're a first home buyer here in Victoria you don't pay stamp duty. 10% deposit is $34500, leaving $310500. Interest rates are rising however 4.5% standard variable rates can be found for PPOR. So let's use 4.8% as an example. That will leave us with $376 per week repayments. And that includes principal and interest...hardly ridiculously unaffordable. The issue with the "bubble" is people wanting to live in gentrified inner city areas that are nothing like what they were 30 years ago.
__________________
1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
|||
![]() |
![]() ![]() |
![]() |
#2656 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
|
Quote:
Cheap houses are due to lack of work opportunity or remoteness. I do agree on the new house comment, they are cheaply built (in general) these days. Rates need to be up near 6% atleast.
__________________
|
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#2657 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
|
Quote:
Healthcare: both at private clinics and the hospital. We are crying out for doctors, we have the capacity both at 2 large locally owned private clinics and the Maryborough Hospital. Not to mention allied health, nursing, health administration etc. All of which are paid exactly the same as in the big city, with less housing costs. In the case of doctors, we have found it easier to hire from South Africa (yes!) than from the city, and this is including having all accommodation costs paid for and remuneration over and above what would be made at a standard outer metropolitan private clinic. Aged care: Maryborough is commonly seen as an excellent town to retire to given our top notch aged care facilities - just had a chat with a lady yesterday saying that what we've got here is leagues better than in outer Melbourne areas such as Melton and Sunbury. Our premier aged care facility "Havilah" has recently expanded with a newly built campus called "The Terrace", needing nursing staff, personal care staff, admin, IT/maintenance etc, not to mention those same jobs in the 4 existing campuses, and the MDHS Wattle Rise nursing home. AND the Avoca and Dunolly nursing homes. Education: Teachers can walk into full time jobs, unlike in metro areas where they need to do a few years of CRT relief work. This is particularly the case for Not to mention learning support officers, administration, etc. And of course, you'll make the same money as in a big city while paying much less in housing costs. Childcare is crying out for staff too, no matter which of the centres in Maryborough you look at, same goes with the Avoca centre too. Factory work: True Foods, McPhersons Printing, Capilano Honey etc. all constantly hiring, and that's just off the top of my head. Look at the Maryborough Advertiser classifieds for evidence of this. Not to mention we have all the same casual and full time retail/hospitality work that would be present in any suburban area of a major city. Shopping, supermarkets (each of the 4 supermarket companies has a store here), hardware stores (3 locally owned hardware stores), real estate, restaurants/bars, AND we are within commuting distance to both Bendigo and Ballarat. Half an hour to Castlemaine and Daylesford, where there are less jobs and houses are twice the price. It takes me 45 minutes to get from my house to Kangaroo Flat or Miners Rest, and it's a consistent 45 where I don't have to worry about traffic. You can still have the kids live at home and attend uni at Latrobe, Fed Uni, ACU. Also we have Fed Uni TAFE and Bendigo TAFE easily accessed. Yes, high end financial and white collar work is not here, but people in those industries are limited to the CBD of major cities, and they wouldn't struggle to afford city real estate on their salaries. The problem here in Maryborough is *lack of workers* not lack of jobs. Agree 100% on new houses being cheaply built. It's hilarious seeing them with no eaves, and flimsy cement sheet above the windows instead of a lintel + brick.
__________________
1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
|||
![]() |
![]() ![]() |
![]() |
#2658 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,503
|
Quote:
Spoken like most other older folk who just don't want to accept that home ownership is harder now, even though the facts are all plain to see. There is a focus on renting currently but few are prepared to question how many of those looking for a rental are doing so because they can't afford to buy. For me it says that the policy makers have their nose in the trough and don't want to ruin their cash cow. Supply v demand is one of the main drivers of price. Not just in housing. Every industry. There was an article recently that said about 25% of real estate was owned by 1% of the population. Those who buy multiple homes always claim they're providing a service but the truth is, they are profiteering first. The rent prices are evidence of this. It's also fact that every subsequent house bought is one that a new home buyer can't buy. Of course I'll just get accused of having a simplistic view but I'm fine with that.
__________________
UA2 TREND 4WD BI TURBO |
|||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#2659 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
|
Quote:
I'm not even convinced the housing market *can* crash. Outside of zone 1 super desirable areas - those areas of course being desirable to high income inner city professionals who can pay for it all - there are affordable areas within all our major cities. Maybe Sydney is an exception there though I'm not 100% sure. Are some suburbs overvalued compared to others? Yes, I'm not denying that. However, the 2008 GFC happened due to subprime loans, which were rife in the USA at the time, and still are. This isn't the case here in Australia, particularly since about 2016 when APRA reforms hit hard. We don't have a Fannie Mae and Freddie Mac here. Yes, we have smaller lenders but they are actually more stringent than the big banks. Try qualifying for a loan when you're self employed. That said, it's not like if a housing crash happens, you can go ahead and grab your inner city standalone home for $300k. Who would lend you the money? Not the Australian banks which are predominantly holding residential real estate as security. Who would you work for, when there's a high chance you would lose your job to go ahead with it. As for your comment about landlords - I'm self employed, would you also say that I'm hiring people and providing them with jobs to feed their families just so I can keep my nose in the trough? What's the alternative, to shove renters on an already overstressed public system? Just so they can live where the Government tells them to, among drug use and domestic violence, in an unrepaired shack filled with asbestos, and freezing in the winter because the Vulcan Heritage heater was never replaced? Like it or not, but landlords do a much better job of housing those who don't own a home than the Victorian Government - and are held to a higher maintenance standard here in Victoria at least. Have you seen how much the Government charges public housing residents? It ain't free. The major policy failure in Australia is concentrating everyone into 5 major cities. Market forces will do what they will when that happens.
__________________
1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#2660 | |||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
|
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
|
|||
![]() |
![]() ![]() |
![]() |
#2661 | |||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
Quote:
"The boomers made me do it"...... https://twitter.com/jack_toohey/stat...637575169?s=20
__________________
~~~~~~~~~~~~~~ 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. ![]() |
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#2662 | ||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,503
|
No one is saying previous generations had it easy. I think the overwhelming majority would agree that there have been some very difficult times in years gone by.
So when it gets said that it's harder to own a home now than ever before, that's not making light of the struggles in the past, or the sacrifices made, it's purely from a financial point of view. Everyone makes choices in life. Personally we chose to be a single income family. My wife stopped working when we had kids. This is how many families worked in generations past. If I was to buy a house now, on the income that I'm on, there's no way we could do it on single income. That's our choice though. Childcare opens up a whole new topic though which would likely be just as robust as this one.
__________________
UA2 TREND 4WD BI TURBO |
||
![]() |
![]() ![]() |
6 users like this post: |
![]() |
#2663 | ||
Regular Member
Join Date: Feb 2011
Posts: 297
|
I have two Sons who recently purchased homes to live in with their families. One was project Home and the other pre-lived.
They are both impacted by these interest rate rises. I can assure you that they are not the ones spending all this discretionary money. I don't see how the raising of Interest Rates on young families (yes, I know that others have Loans too) is going to positively impact our Economy. It's just going to send young families to the wall.
__________________
2013 FPV GT (Sold) 2015 Renault Megane RS265 - 2L Turbo 6Spd Manual 2022 (21.75) Ford Everest Bi-Turbo |
||
![]() |
![]() ![]() |
6 users like this post: |
![]() |
#2664 | |||
Rob
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 21,503
|
Quote:
Those who can least afford the rate rises aren't the ones driving inflation. It's affecting the wrong end of town, especially those who have recently bought.
__________________
UA2 TREND 4WD BI TURBO |
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#2665 | ||
Bolt Nerd
![]() Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 14,615
|
Now here’s a constructive idea to solve the gulf between the rich and the battler?
https://www.news.com.au/finance/real...ee177eee36?amp
__________________
Current vehicles.. Yamaha Rhino UTV, SWB 4L TJ Jeep, and boring Lhd RAV4 Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD 2 wheels.. 2015 103ci HD Wideglide.. SOLD SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida! (Ex Blood Orange #023 FPV Pursuit owner ![]() |
||
![]() |
![]() ![]() |
3 users like this post: |
![]() |
#2666 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
|
Robin Hood of Toorak.
__________________
heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
|
||
![]() |
![]() ![]() |
![]() |
#2667 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
Those colour schemes look familiar.
__________________
~~~~~~~~~~~~~~ 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. ![]() |
||
![]() |
![]() ![]() |
![]() |
#2668 | |||
WT GT
![]() Join Date: Jan 2006
Location: The GSS
Posts: 17,759
|
Quote:
![]() We have the same in The GSS Inner West, posters plastered over public property, except they threaten a socialist revolution where we are warned that our assets will be "ripped from our fascist hands". Never seems to happen. Probably forgot to set the alarm for midday or went out for Avo toast instead ![]() |
|||
![]() |
![]() ![]() |
4 users like this post: |
![]() |
#2669 | |||
FF.Com.Au Hardcore
Join Date: Jul 2009
Location: melbourne
Posts: 4,648
|
Quote:
The reality is all governments around the world are printing money for their spending as they spend more than they raise in taxes. Governments don't address their fiscal poilcy issues that contribute to inflation Therefore it is up to central banks who are independent of gov to so something. Monetary policy is the only tool available to somebody outside government to address the issue. Address now take pain and possibly a recession or ignore and a recession will come with high inflation and we repeat the 70s and the 87-93 period. Inflation in the teens unemployment at 10% and higher. We (community) keep demanding governments spend more than they tax, there are no free lunches in life, a lesson we seem to never learn. The positive is that there are still jobs, at least in Vic. |
|||
![]() |
![]() ![]() |
5 users like this post: |
![]() |
#2670 | ||
FF.Com.Au Hardcore
Join Date: Jul 2005
Location: Melbourne
Posts: 6,891
|
__________________
~~~~~~~~~~~~~~ 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. ![]() |
||
![]() |
![]() ![]() |