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I would agree with you except: I worked on a deal last year. An Indian company was buying a big factory in Indonesia. They used Australian lawyers and American investment bankers. They sure as hell didnt use Indonesian lawyers and Indian investment bankers. Why do you think that is.

Interesting I thought that 80% of the population was still on the farm so I checked Wikipedia Labour force by occupation 2005 (China) agriculture (45%), industry (24%), services (31%) Labour force by occupation 2005 (Australia) agriculture (3.6%), mining (1.1%), industry (20.2%), services...

Did I mention Im a bear on IR cuts? I dont think I did...

ewps........

I stopped ordering lattes because its too effeminate and now order flat whites. Its exactly the same thing but thats not the point. Eh.

Point taken except medians dont get skewed by extremes. New Farm really is as good as Brisbane gets. I never understood the appeal of Ascot and still don't. Its crap.

I went back to PDS Live and got the sales volume for 2008 which I inadvertently cut out when copy pasting across - here is the full data: year 2007 volume 99 average $1,198,918 median $939,000 growth 12.8% low $147,000 high $7,000,000 q1 $788,750 q3 $1,500,000 iqr $711,250 year 2008...

I agree it has to be skewed - its just unbelievable otherwise. But it sure as hell doesnt look like a depressed market?

Just for comparison unit sales for New Farm: Year / Number of Sales / Average Price / Median Price / Growth 1991 198 $160,331 $118,000 1992 183 $162,718 $128,500 8.9% 1993 250 $176,283 $148,000 15.2% 1994 284 $197,997 $159,000 7.4% 1995 285 $181,933 $162,000 1.9%...

New Farm sales statistics for houses - pds live Year / Number of Sales / Average Price / Median Price / Growth 1991 66 $149,572 $138,500 1992 67 $195,347 $159,900 15.5% 1993 78 $207,123 $175,500 9.8% 1994 69 $247,424 $200,000 14.0% 1995 65 $263,805 $195,000...

Lets talk about New Farm (which is not my area but I spend a bit of time wandering around there). Volume way down. Quality of residences for sale way down - alot of crappy units currently for sale. We are seeing units in the 200k range for sale for the first time in the last 18 months but in...

Brisbane inner ring blue chip. I have no intention of being more specific because my decision to buy there is the result of 2 years of research.

Evand Seriously mate you have such a Sydney centric view its not funny. Every sale in my suburb is a new high (taking into consideration the nature of the property) notwithstanding that it is on very low volume. You really need to get out more.

Omg we watched grand designs as well. I spent half the time yelling obscenities at that horrible woman. She clearly had no idea what she wanted to achieve and what she did achieve was awful. As the architect said "they didnt come to us with a clear idea, they came with a bunch of ideas that...

He is the luxury boat business and can read the writing on the wall. Frankly I think he probably did ok. As far as the comment about his son being out of work - no business should be run as a family charity. The son can learn to stand on his own 2 feet (or start his own business).

Oh well my properties are grossing 7.2 percent, 6.1 percent and 5.5 percent, rents are rapidly rising and interest rates are falling. And we will have to wait and see about CGs. However there is a place two doors down for sale for a price which is 10 times the price what I paid last month. Its...

Yes I noticed a distinct lack of specufestors in the audience.

Watching it now. Interesting stat: 20% of sales in Western Sydney are forced sales. Almost makes me want to get down there and buy up. Would be nice if the program mentioned more than one area though... Per Dazz's comment - there doesnt seem to be a single person in audience (with the...

Sounds like they have already figured out which way the market is going. Shame no one told the RBA.