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I think you might have mis-interpreted this post: My interpretation is that those on $80k or less then declared a loss, and had their taxable income adjusted from there. You have read it as their nett taxable income after losses considered. It's not really possible to get an accurate average...

Is that in Perth though, Ausprop? Our PPoR as an example; Earlier this year we met with our MB to look at ways to turn our ship around; restructure the debts somehow, etc. Part of that process was a Bank valuation on the PPoR. I met with the valuer at our house the day he came to...

I actualy agree with you in part on this. It makes sense - if noone is selling and/or buying, and someone comes along with a bitter marriage split or business collapse or other, and has to sell their PPoR really fast, and basically will take whatever they can get, then the price it sells for...

While there are examples of real estate crashes all over the world - and some recently such as the USA after the GFC - we have not seen anything of that magnitude in Aus (except for maybe the super-high interest rates of the late '80's early '90's which sent folks broke). We did not have...

What is your perception of the "new reality"? Mine is that sellers deal with their own reality everyday. I've been a seller a number of times - some simply due to my direction in life at that time, others due to needing money. The timing was not related to the market at all; just my needs at...

What is the graph referring to? :confused:

Not necessarily. If sellers hold on to their properties - which means stock decreases, it evens out the lack of buyers pretty much. So, basically little change....a flat market, maybe a slight decrease. After the GFC, credit dried up here in Aus to a decent extent. I personally was in the...

A sharp reduction in credit would see a shortage of buyers. If the rates remain low when this happens, there would not be much change - not much stock to sell. But if rates go up at the same time - more sellers I'd say, coupled with less buyers - prices will soften a bit.

Nah; you haven't learned how to play the game here... You're meant to say you've got half a dozen dev sites going on, earn a couple hundred k per year and a 40% LVR, and say; "Damn; don't you hate it when yer CBA shares tanked by $80k last month." ;) But seriously; having none or one doesn't...

I was thinking more along the lines of everyone across the board - PPoR buyers included. Any likelihood of the post-GFC squeeze reoccurring for that lot?

Don't you think though, that if the lending criteria is tightened up, and hence a number of folks suddenly find themselves unable to qualify for loans, this will decrease the volume of potential buyers, and hence the demand? I remember just after the GFC, I was having a chat with my MB, and...