Recent content by spark

1) To the best of my understanding for the banks to keep on lending at least the same amount of "stronger" AUDs they need to get a larger amount of foreign (weaker currencies) funds. 2) Seeing where you're coming from, the answer is "yes". Strong currency is a negative impact on assets...

my very long term prediction: 1 AUD = 1 CNY = 1 EUR = 2 USD

Isn't it a "private" info? You mean I can get this information on my neighbour's house without his permission?

How and where can you get the council value of a property you might be interested in?

Well, before earning any 5% on 700k (would be 35K yield before expenses), he is losing on the spot 200k or about 5.5 years of yield. Any sensible businessman, or other mortal would reconsider... It's good you have this interesting niche, but why don't you buy them the local price? Why paying...

+1 Agree with Shadow (:eek:, :rolleyes:) Another cause could be a China Effect II - new source of low priced everyday goods (from underwear to bicycles) that will make their cost even lower, like China did in the last 20 years. Where would it come from, Africa? I doubt it... Though....

An interesting theory (and prediction) of interest rates: http://www.elliottwave.com/freeupdates/archives/2009/10/06/Illusion-of-Control-Central-Banks-and-Interest-Rates.aspx To my opinion "they" (rba & govt) would prefer to face the next leg down in the crisis from higher rate...

Possible explanations: - Rising sharemerkets diverisfy holdings out of forex (thus stronger AUD) and into shares. This can reverse if sharemarkets continue their decline. - Favourable yield difference between the AUD and other currencies, especially when the cycle of cutting interest rates...

Hi Shadow, How do you compare these prices? In most of these cities the popular dwelling type is an apartment. In Sydney apartment dwelling is only 17% of the total dwellings. And (rightly or not) apartments are considered as kind of a "second rate" dwelling type. Thus: - If you compare...

I'm not suggesting that the downturn is over. RBA may be interested in protecting the AUD. One of the prominent problems of this crisis is the "synthetic" insolvency of the banks, and not only in exposure to property but to business funding such as private equity. Banks were engaged in...

End of cycle. Next move is up.

Most people still think/feel that you can buy Gold at the bank... So, gold is definitely not in a bubble. Besides - anyone can check how many of their acquaintances hold gold... If none, then it's not in a bubble.

I like your sources Shadow, and admire your dedication. Though you can't ignore this important point coming from the same source: http://www.globalpropertyguide.com/investment-analysis/Most-expensive-real-estate-markets-in-2009 And also from the same article: This link is a nice...

Despite the sliding prices, both yields & interest rates are at boom conditions. :)

I like your signature, Shadow. :)