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Another thing to ponder... The suggestion was made that NG should be changed to only apply to new builds. Sounds like a good idea. This would imply that the Gubb is assuming that investors are going to help fund a supposed much needed increase in housing stock (hence the recent boom?), and...

Are they requiring the 20% in cash, or are you able to use equity from another property?

I think volumes in most areas of most cap cities over the last few years have been down overall? I think Sydney as one example has been flat for quite a while until recently?

I think it was pointed out earlier in this thread, or the other NG thread that the Gubb make much more through having NG than not having NG? If it was the other way around, my guess is they would have gotten rid of it looong ago. Also, consider this; the NG revenue collected by the Gubb...

When I say "argument" I wasn't referring to your post specifically; it is the overall view (not yours either) of those who oppose NG. The statement you made about the houses sold in the street is no doubt correct... I was merely pointing out that this in and of itself means possibly nothing...

Given that investors are usually around 30% of the property market, and O/O's approximately 70%, I'd say there's a bit of a chance it might get through... They took it away in '85.

Ok, I'll go with that. Let's say we abolish all NG, FHOG, CG discount as of today; what do you think will be the situation in 12 month's time?

I stand corrected. But; currently; you own none and are trying to find something of good value/cheap? Just on the Gubb; you blame them for the high prices? I agree; the FHOG did not improve anything....pushed prices up. NG was already in place.

I don't normally play the man, and I am not having a go at him. Just trying to establish Hobo's agenda and motivation, and how it pertains to his mindset on this subject...after all; he is perhaps the most vocal on anti-NG on this site. He said he doesn't own property - this is definitely a...

Again with the graphs. Let us all ask ourselves something; Outside of this "Club" we all sit in and type stuff to each other; How many of you know investors who are actively buying IP's, or you know who already own IP's? How many of your friends, relatives ad acquaintances own or are...

Initially, the demand for rentals will decrease. This might trigger a softening of rent markets - a drop in rents. I am experiencing exactly this atm in Kalgoorlie with our IP (mining boom finished) - rents went from $310p/w back to $265. We only paid $105k for it, so still ok for cashflow...

The reason why these losses are escalating is due to a few factors; More population, therefore more investors (also more renters and more home owners of course) More information in last 20 years about investing, therefore more investors. Radical shift in lending options away from traditional...

HOBO, I reckon I've got your position worked out; *Owns no property (renting) *Mid 20's professional employee on decent wage (or not on decent wage) *Would like to live in cool postcode with cool amenities and close access to CBD - for more cool stuff *Cannot acquire a property in above area...

Now, here is the critical factor in this argument; how many of those houses in that street were sold for over the asking price? The other elephant in the room that has not been mentioned by anyone so far in this ridiculous argument that the anti-NG sooks keep spewing forth is: the valuations...

Correct; and go back to those Metricon homes I linked to; a bloody sight nicer than my first joint. I reckon they're a decent enough champagne taste first home. And if FHB son/daughter is living at home with Mum and Dad for a few more years after they buy it (used as a rental); look at all...

Historically, houses have - on average - doubled in value approx every 10 years. I think we all are able to work out that this can only be the case if incomes are parallel to support the asking prices. Income levels are completely different than they were 30 years ago, 50 years ago...

But; house size is increasing. From my distant memory, most houses back when I was a kid had 3 bedrooms and one bathroom. An ensuite was found in "mansions" and not yer bog-standard family home. From my distant memory, the average sized family home was about 13 or maybe 14 squares? Usually a...

As Natedog said; If you look at a particular suburb which was once classed as outer-ring, but has now become close to inner-ring due to population growth and spread; then no. But that is standard procedure all over the world and always was. The volume of folks has increased and the demand for...

You assume everyone wants and needs to commute to the city, and the media also assumes that everyone wants to live in and/or be near and/or work in the city, hence their reports which always portray that angle. It makes great news stories. Anyway, the ones who want to see housing as...

This is where you have twisted the argument. For the average income of that area, the house is arguably more expensive. I paid $76k in 1985. I have no idea what the average income was for that area back then. However, I have not ever seen a news report yet that focuses on a FHB who is looking...