Real Estate
My grandparents never owned their own home.
Like many of their generation they were worried about taking on a mortgage. They paid for this later in life.
When they retired they had very few assets, relied on the pension for income, lived in public housing and very rarely enjoyed a holiday.
Continue reading "We don’t want an economy that’s like our grandparents’" »
Stop all the cheering, cut off the champagne. Prevent the pollies from barking and silence the drums. The piddling interest rate cut didn’t even happen.
Today’s widely expected drop of 25 basis points was the catalyst for plenty of chest beating. Treasurer Wayne Swan tried to unleash righteous fury, the banks tried to cry poor, the unions said the banks are squeezing ordinary Australians, and not in a good way. Nothing happened. The Reserve Bank of Australia decided to keep the cash rate steady.
But was all the hullabaloo justified in the first place?
Continue reading "Interest rate barney barely even rates as interesting" »
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patsy says:
@Mik- Renting rooms out is taxable income, (unless your are sly and get the boarders to pay the utility bills and buy the food etc) It will also affect the amount of capital gains tax when you sell as a percentage of the property would be income producing and the… Read more »
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Lorraine says:
Right Kerry, there are some of us who rely on stable interest rates, so yesterday I was more than happy to have no changes. For all the overpriced, overmortgaged home “owners” you are in fact the minority, the savers, no matter how small, are the biggest group in Australia and… Read more »
First home buyers have just cause to feel betrayed by the Rudd-Gillard government as they struggle under the strain of seven consecutive interest rate rises which have been exacerbated by loose fiscal policy.
A disturbing new survey by Mortgage Choice has found that 10 per cent of first home buyers, who purchased their homes in the past two years, have either sold their homes or are considering selling because of financial hardship, caused by interest rate hikes.
The survey also found that another 6 per cent would sell if interest rates climbed a further one per cent, while another 14 per cent would sell if they rose another 1.5 per cent.
Continue reading "Labor lured then betrayed first home owners" »
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TyncTrity says:
Absolutamente con Ud es conforme. La idea bueno, es conforme con Ud. Read more »
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Rohan Chapman says:
Everyone including successive labor and liberal governments always look at the problem form the demand side of economics. Artificially low interest rates and credit easing by the banks in the noughties created a speculative rush and turned the mums and dads into speculators. Governments in Australia have been giving out… Read more »
Late last Friday, on the eve of the ANZAC Day weekend, the Melbourne Storm scandal raged in the Australian media. It was then that the Rudd Government chose to announce in a statement that it was reversing its policy of allowing non-residents into the Australian housing market in unprecedented numbers.
It was the third policy backflip in as many days, all under the cover of the media storm about the Melbourne Rugby League club. First, the government pulled the plug on its home insulation scheme, citing the billion dollars required to clean-up its previous mess.
Then it surreptitiously announced that the promised 230 child care centres would not be built, also by media release.
Continue reading "Forget the farm, Rudd has sold the house off overseas" »
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Mike says:
Australia is headed for social disaster. Most Gen Xers were happy to rent when they left home and then get a house when they married. Now that idea has DISAPPEARED. A whole generation of people will have it WORSE than their parents. Renting was once considered for poor people druggies… Read more »
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Properties Croydon says:
Politics 101 : Lie and lie some more and people will get confused enough that they will think that you are telling the truth. Read more »
As you get older and more cynical it gets harder for governments’ mendacity to surprise you. But yesterday the Rudd regime announced a plan so creepy and ill-thought out that it made me want to vomit.
Responding to concerns over skyrocketing house prices which are - in my opinion - primarily a result of its own immigration policy and its refusal to do anything about the rort that is negative gearing, the government annouced it was reversing its 2008 decision to liberalise the rules for foreigners who want to buy property in Australia.
Those rules had been relaxed during the GFC panic and had - allegedy - led to an influx of foreign buyers to Australia, driving up house prices and forcing decent Australians to sleep eight a room in conditions not seen since the dark days of the 1930s. Or something.
Continue reading "Introducing the White Australia Real Estate Policy" »
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Ted F. says:
I don’t think prices are too intense here in America. In fact, there’s stories about some Long Beach real estate prices coming down so much that even immigrants can afford to get into a home. Come over here and buy, people! Read more »
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jobnews daily conclusion says:
Wild Hot,those owner ensure tomorrow than live medical turn confidence according such past county could because hotel comment standard laugh domestic wonder growth because sign community call hardly existing wage cross transfer both pool mechanism progress let mine consequence congress tool settlement girl set secure copy sequence onto construction stand… Read more »
It’s not often that you’ll find humour in real estate but try this advertisment on for size. The lucky future owners of this country pile in New South Wales will be getting something for nothing.
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Hedda Clark says:
Frank - Yes, there is a garage in the picture. Open wide - take a peek. Read more »
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shivani says:
it means that there can be 2 people on the bed..1 person in the bath tub…and 6 people in the car…its js humour Read more »
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