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That article doesn't really say anything new and merely states what we already know that housing is very afffordale once more.

Bring on inflation I say best solution in my books.

The rates rises are to be expected not forgetting that they are set by the reserve bank and not the govt.

I don't see these rate rises in the timescales they talk about in that article. Where is this 'growth' coming from?

The fact that house-prices are on the up here now (yes - I do concede that, at least < +=500k level) is just proof positive, should you need it, that the market here is a bubble totally driven by manipulation and speculation. The more they push this one the worse its going to be and any 'smart' money that wasn't smart enough to get out before is surely doing so now - in my humble one!

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Guest The Relaxation Suite
That article doesn't really say anything new and merely states what we already know that housing is very afffordale once more.

Australian housing stock is some of the most over-valued in the world, by any objective measure. Online the other day I saw a two bedroom house, albeit in a great area, for $850,000. Put simply, prices need to fall by at least 50% for young FTBs to be able to buy a house. And if they can't buy houses, then the housing market collapses. Same thing in the UK and the US.

The greed has come back to bite people in the **** and about time too.

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Guest The Relaxation Suite
Sorry dont agree with that myth, check the RBA affordability graph on the freefall thread I have posted it many times , cant be bothered anymore., it clearly shows us back on long term affordability trend.

I have also mentioned on the same threads my view on those that like to compare the UK, US and OZ affordability on the one andsame two dimensional graph.

There's graphs and then there's real life. The Government can show me graphs telling me I'm better off than ever before while bailiffs are walking out the door with my TV set. On the ground in UK and Aus houses are grossly out of the reach of ordinary people. The problem - and this is the Penn and Teller bit - is that people do not consider it unaffordable if they have to borrow six times their salary.

That's how you make a totally unaffordable property suddenly affordable - get everyone to buy at that price. Voila!

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That article doesn't really say anything new and merely states what we already know that housing is very afffordale once more.

Bring on inflation I say best solution in my books.

The rates rises are to be expected not forgetting that they are set by the reserve bank and not the govt.

So we can expect rising wages can we?

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rudd is an idiot

aussie dollar has already increased in value to 82 US cents , if it rises more that will hurt exports and manufacturing further

rudd is already bringing in a carbon emissions trading scheme (tax - you won't be seeing China or India adopting it!) for businesses next year and said yesterday he will not bring in policies to support australian made goods

rudds idea of economic management is destroying what is left of the real economy

Edited by Ruffneck

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rudd is an idiot

aussie dollar has already increased in value to 82 US cents , if it rises more that will hurt exports and manufacturing further

rudd is already bringing in a carbon emissions trading scheme (tax - you won't be seeing China or India adopting it!) for businesses next year and said yesterday he will not bring in policies to support australian made goods

rudds idea of economic management is destroying what is left of the real economy

Will you sink with Rudd on the rudder?

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Guest DissipatedYouthIsValuable
What did I tell you AussieBoy?

1. Interest rates up.

2. Unemployment, still going up.

3. Bribes gone Jan 10.

The perfect storm is brewing for the Aussie housing pyramid scheme.

Oh dear.

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Australian housing stock is some of the most over-valued in the world, by any objective measure. Online the other day I saw a two bedroom house, albeit in a great area, for $850,000. Put simply, prices need to fall by at least 50% for young FTBs to be able to buy a house. And if they can't buy houses, then the housing market collapses. Same thing in the UK and the US.

The greed has come back to bite people in the **** and about time too.

My sister and her BF have just paid close to $1mil for a 2 bed semi in Bronte. How they perceive this to be a bargain is beyond me :blink:

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There's graphs and then there's real life. The Government can show me graphs telling me I'm better off than ever before while bailiffs are walking out the door with my TV set. On the ground in UK and Aus houses are grossly out of the reach of ordinary people. The problem - and this is the Penn and Teller bit - is that people do not consider it unaffordable if they have to borrow six times their salary.

That's how you make a totally unaffordable property suddenly affordable - get everyone to buy at that price. Voila!

Bardon is the copy and paste king, he scours the dailys in Oz, looking for bullish news on the Brisbane housing stock, once he finds his daily fix, up it goes, no, not up his nose, up it goes on here? His day is complete, if he manges to hook one last idiot, sorry one last Ozzy, then his day is complete. The boy Bardon is a serial Ozzy Bull, complete denial, graphs do not lie, but data does and is?

Stay lucky Bardon, thats all you have now is look, the biggest ponzi scheme is falling, ah timbereeeeeeeeeeeeeeee! :lol:

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