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REVIEW FOR HOUSE MARKET http://www.theage.com.au/business/property/review-for-house-market-20100421-szzf.html

Courtesy of CBA

"WELL WHAT ABOUT WARREN BUFFETT." Intrinsic_Value, you're barking up my tree. Here's a chart of Warren Buffets company Berkshire Hathaway. The shares went from 140k to 80k and now 120k over the last two years. He lost money...

Ah Sunfish, you cant claim that you know a big change in the market is comming but you dont know when to bet and profit from it. Either you know or you dont, if you know then you will profit. Anything else is a guess. I mean really, most of the best market pickers in the world just managed to...

Article below is from Melbourne's The Age today. It appears no-one can decide whether prices are going up or down. But the facts are there, loans have been on the wane for months, correlating directly with rate increases. Yet prices have been increasing all the while. Tends towards the position...

Studies do show that most people lose by fixing interest rates because the long term forecast of interest rates is impossible. Add to that the premium that we'd pay to fix (unless the market is predicting a recession), and the odds are that you'll lose. Its just like playing pokies, the odds are...

Oh I don't disagree with your general point, I just wouldn't take the Reserve Banks word on it.

Hi want2bewealthy, The last event that had a major effect on interest rates was the Global Financial Crisis. Do you know anyone who forecast the GFC two years in advance? I dont. Certainly the Reserve Bank didn't forcast the GFC because they were raising rates at the time the GFC became...

Surely raising interest rates and removing negative gearing will result in an increase in house prices in the longer term, not a decrease. House prices are currently driven by supply side issues, as evidenced by the fact that all the activity is in existing housing, even though the big tax...

State mostly release land but federal governements can also. But state governments are in control of zoning so when huge swathes of land are rezoned from rural to also include residential and sales to developers are taxed at $100k/hectare or so, to pay for infrastructure that is state gov business.

Your rates will have gone up in line with the increased value of your land. I know several people who could not afford to keep up the rate payments and had to move on. So I wouldn't worry about councils too much, they know how to survive.

Saber I don't have a problem with the government taxing land sales to provide infrastructure. However right now there is such a shortage of housing starts, which is clearly the main driver of rising prices of existing stock. I would've thought that allowing developers to hold land for 10-20...

I would've said that the governments policy of selling land to developers as a 'comercial imperative' along with developer land banking has lead to the situation where land on the fringe costs more than it's actually worth. Everybody knows it will cost more to live there so you'd expect a much...

You have to wonder why the reserve bank governor is going public and saying he's going to make us hurt. Why doesn't he just do it? Here's my opinion on it... House prices may be on an unhealthy run, but increasing interest rates will only add fuel to the fire, because this is a supply side...