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syd + perth to lead the charge. more and more evident every day. where's nonrecourse when you want to rub someone's face in it?

quoted for truth.

champ - thanks for that :cool:

i'd like to see the volumes of Vic/NSW/QLD data alone, and see this versus NT/WA to understand where exactly the problem lies.

been saying it for years, but i'm just a tinfoilhat wearing, one eyed sandgroper. clearly, so is John Edwards.

it's so funny reading eastern states data and sentiment being extrapolated nationally.

baaaahhhahahahahahaha what makes you immune?

600mm sand pad ABOVE clay or deliterous material - if the clay is 500mm down, you only need 100mm of fill. $155k turn-key would be a 3x2 DG with about 100sqm of living area and 36sqm of garage/store with a small porch and 2.5m x 3m alfresco.

a bit of clay or a lot of clay? prices vary wildly, if it's just a bit a half metre down, a little fill will put you over it and not cost much. if it's 100mm under the surface, then expect an S or M detail - add $15k per house min. you should see the reo they use in some of these footings...

absolutey - you start talking build-strata to any bank and your serviceability better be 200% - *IF* they'll lend for developing. if the govt want to get things moving, they had better mandate more lending, remove the bank guarantee, or fund it themselves. i'm not a fan of 1 or 3. imagine the...

guys guys guys...it's all about the numbers of ROOMS, remember, not houses....:rolleyes:

spot on mate - each house is an individual contract. banks are lending against strata developments that are 100% pre-sold - so essentially ther'es only about 15% risk in fallovers. still, even that can be hard - some banks want to see each purchaser's credit history too. imagine going to a...

sorry i missed this thread earlier. Boomie - construction costs are the same - if not elevated - with urban infill. tighter clearances, 2 storey over single, more complex design make for MORE EXPENSIVE homes. land may be cheaper to get into a suburb - but it's still the same $$$ per sqm - just...

fug the boom or bust. give me a good yield and throw in some CG and i'm happy for the moment.