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  1. KangaBanga

    I'm calling it... 2015 is the peak

    [So you think IRs will return to a little under their long term average of 7%, but property won't return to it's long term doubling every 10 yrs ?] well at least in my neck of the woods in Brisbane (Wakerley/Wynnum/Manly West/lota) prices have gone up but sales in the past year of 10 year old+...
  2. KangaBanga

    what happens to house prices during a recession

    a recession is really not that big of a deal. its part of the fluctuation in the short-term debt cycle. If its a short unsustained one, then it may not have much of an effect on house prices. There is always a lag between when an economy goes down and people losing their jobs and going into...
  3. KangaBanga

    RBA to cut another 1%?

    further rate cuts by RBA even down to 0% now would not be surprising at all. Given the deteriorating fundamentals of the economy and not much being done about fixing the budget and government spending, that's probably what the RBA can do to try and help. Anyways FIFA soccer matches were...
  4. KangaBanga

    Scenario - US interest rates shoot up, what impact does this have on AU interest?

    1995 is a good historical reference and history often tends to repeat itself. Just a few months ago, petrol was at $1/L It has taken half a year of lag time since commodities and oil tanked late last year for the effect of a sharp drop in business capex to show in the ABS figures. Figures for...
  5. KangaBanga

    Scenario - US interest rates shoot up, what impact does this have on AU interest?

    if US rates rise, there will be a flow of capital back to the states much like a few months ago strengthening the dollar and weakening most other currencies. Other central banks will have to follow suit or lose out as the strengthening USD will mean US has better terms of trade. Yellen...
  6. KangaBanga

    Changes / tightening on servicing for investors

    NAB's capital and dividends in spotlight after $5.5 billion raising westpac and NAB have already started the ball rolling... http://www.smh.com.au/business/banking-and-finance/nabs-capital-and-dividends-in-spotlight-after-55-billion-raising-20150510-ggy63r.html Westpac dividend...
  7. KangaBanga

    borrow funds against your IP to invest in fully franked equities..

    For div plays, some analysis is needed to get a feel for if the div paid is going to be sustainable. This will be dependent on outlook for the sector and the company's business. some sectors can be cyclical like mining with their div following the cycle, so what looks like a good yielding...
  8. KangaBanga

    more jobs in brisbane?

    QLD unemployment is still running pretty high at 6.6% so economy is pretty slow overall. Slowdown in both coal/gas investment as well as manufacturing. The quick sale of houses are definitely from investors down south. My local REAs have told me there has been a lot of "interest" from Syd/Melbs...
  9. KangaBanga

    Changes / tightening on servicing for investors

    Heh, was thinking the same thing! living off equity would probably go out of fashion for a bit.
  10. KangaBanga

    Changes / tightening on servicing for investors

    Euro I must have read your posts on some other thread, coz your arguments sounded pretty good and stuck in my head for many months. agree that the main driver of house prices has been the availability of easy credit by the banks. a 10% difference in LVR makes a big difference in how much...
  11. KangaBanga

    Changes / tightening on servicing for investors

    someone's got his panties in a bunch :D heh this thread is getting so exciting!
  12. KangaBanga

    Lender tightening effect on the Australian Property Market

    with the 80% LVR lockdown, does that mean investors/speculators won't be able to get anymore leverage? 100k equity and 95% LVR = 2 million purchase power. 100k equity and 90% LVR = 1 million 100k equity and 80% LVR = 500k. so for a FHB or investor starting out with 100k in equity in Sydney...
  13. KangaBanga

    May 2015 rate cut leaked?

    Full time jobs are being shed at quite a fast rate too from the closure of mines and manufacturing industry.
  14. KangaBanga

    Will the Sydney median house price reach $1 million by the end of 2015?

    hehe if you are speculating in property might as well go where the smart money is :D The real lucky ones will be those that cash out before the inevitable price drops when the interest rates go back up to 10%.
  15. KangaBanga

    May 2015 rate cut leaked?

    perhaps this is will be clearer? http://www.abs.gov.au/ausstats/[email protected]/mf/6202.0 [SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 2,900 to 11,724,600. Full-time employment decreased 21,900 to 8,115,900 and part-time employment increased 19,000 to 3,608,600. ]
  16. KangaBanga

    more jobs in brisbane?

    http://www.theaustralian.com.au/business/commsec-state-of-the-states-queensland-economy-lagging/story-e6frg8zx-1227311735195 The report shows Queensland leads the nation when it comes to overall construction, but lags on employment, with the fastest growing joblessness behind WA. Population...
  17. KangaBanga

    Will the Sydney median house price reach $1 million by the end of 2015?

    wow the latter 2 charts look scary, what will happen if it does revert to mean?
  18. KangaBanga

    Banks are increasing their deposit rate while they decrease their lending rate?

    How making the big banks safer could cost you looks like APRA might have started stepping in to control the lending. They have been talking about it since the end of 2013. probably only ANZ has enough reserve as they dropped the rates straight after the interest rate announcement. NAB has just...
  19. KangaBanga

    May 2015 rate cut leaked?

    yeah they will probably revise last months numbers. no way unemployment not go up with all the mayhem going on in the commodity markets the past half year.
  20. KangaBanga

    May 2015 rate cut leaked?

    yeah ok, but not resold houses/apartments which would make up a big component of housing costs for FHB and upgraders buying resold properties to live in. 6440.0 - A Guide to the Consumer Price Index: 16th Series, 2011 under housing (rents, new house prices, repairs and maintenance, council...
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