• IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here.

    The OTHER forum is HERE so please stop asking.

Would you invest in a property over other investments?

The_Hypocrite

Alfrescian (Inf)
Asset
I just seeing the facts as a man on the street...KNN that time fucking interest rates went up 3 times in a year...and i agree to disagree with u. The RBA really fuck things up that time. Things are now bad cos the RBA made it worse. I not asking it to cut interest rates, but they could have just left it alone...alot of manufacturers would have survived..and do not forget amoung the OECD, aust had the highest rates,,,I learnt one thing now,,interest rates are too important to be left to the RBA which do not have to answer to the people. RBA job is the easiest in the world, happy raise, happy cut,,,i wish i had the luck to get such an easy job,,,heaven is so unkind to me...

Hey, you are still in Australia?

If so, you will know that the RBA has made a right decision to keep interest rates higher than other countries.

Australia is different from Singapore in that we have different economic conditions in each state.
The tools that RBA has on hands are blunt and the carry trade is inevitable because of the float.

but at least this country does not undermine the value of its currency (eg US and Japan) and it is not making savers pay for the debtors - moral hazard (eg Singapore, Europe, US & Japan).
 

neddy

Alfrescian (Inf)
Asset
I just seeing the facts as a man on the street...KNN that time fucking interest rates went up 3 times in a year...and i agree to disagree with u. The RBA really fuck things up that time. Things are now bad cos the RBA made it worse. I not asking it to cut interest rates, but they could have just left it alone...alot of manufacturers would have survived..and do not forget amoung the OECD, aust had the highest rates,,,I learnt one thing now,,interest rates are too important to be left to the RBA which do not have to answer to the people. RBA job is the easiest in the world, happy raise, happy cut,,,i wish i had the luck to get such an easy job,,,heaven is so unkind to me...

It is not the RBA fault that the manufacturers do not stay. The manufacturers stayed when when interest rates is 7 - 8%. In Japan, manufacturers still leave for Vietnam despite 0.1% interest rates and government/industry support.
 

The_Hypocrite

Alfrescian (Inf)
Asset
The RBA basically added fuel to the fire and made things worse. No matter what the RBA board deserves to shoulder the blame. The chairman of RBA is the highest paid civil serpent. N now got cock up. Dont tell me its my fault?

It is not the RBA fault that the manufacturers do not stay. The manufacturers stayed when when interest rates is 7 - 8%. In Japan, manufacturers still leave for Vietnam despite 0.1% interest rates and government/industry support.
 

neddy

Alfrescian (Inf)
Asset
The RBA basically added fuel to the fire and made things worse. No matter what the RBA board deserves to shoulder the blame. The chairman of RBA is the highest paid civil serpent. N now got cock up. Dont tell me its my fault?

You keep complaining about RBA.

Take a look at this graph and you will understand why manufacturing and retail are suffering, they are just not competitive against the global players.
Glenn Steven is not someone who will copy what mad central bankers in developed countries are doing.

BMR14_section1_pg8.jpg
 

The_Hypocrite

Alfrescian (Inf)
Asset
Glen Stevens is an asshole of the 1st degree..no diff from the Jewish bankers.. Many articles were criticising his performance. I think i posted one somewhere. N when rates went up he keep saying inflation is increasing. Whereby the increase was due to income inelastic stuff like fuel n rent etc n food. He raise the rates of course inflation go up lah....n i agree to disagree..fucking over paid clown..the oz equivalent of KFC tan...only worse..
You keep complaining about RBA.

Take a look at this graph and you will understand why manufacturing and retail are suffering, they are just not competitive against the global players.
Glenn Steven is not someone who will copy what mad central bankers in developed countries are doing.

BMR14_section1_pg8.jpg
 

neddy

Alfrescian (Inf)
Asset
I know what Glen Stevens is up to, the Keynesians also know, that is why he is being criticized for not being a Keynesian.

But Keynesian economics have failed big time, same as Marxists. Only one school of economics is left vindicated.


"Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit."
 
Last edited:

The_Hypocrite

Alfrescian (Inf)
Asset
What school ah? The austrian school?

I know what Glen Stevens is up to, the Keynesians also know, that is why he is being criticized for not being a Keynesian.

But Keynesian economics have failed big time, same as Marxists. Only one school of economics is left vindicated.
 

neddy

Alfrescian (Inf)
Asset
What school ah? The austrian school?

New Zealand's central bank increased its key interest rate, becoming the first from a major developed nation to exit record-low borrowing costs, and signaled it may remove stimulus faster than previously forecast to contain inflation.
"It is necessary to raise interest rates toward a level at which they are no longer adding to demand," Reserve Bank of New Zealand Governor Graeme Wheeler said in a statement in Wellington after increasing the official cash rate by a quarter percentage point to 2.75 per cent, as forecast by all 15 economists in a Bloomberg News survey. The RBNZ expects to raise the rate by about 2 percentage points over two years, with the pace depending on economic data, Wheeler said.


Read more: http://www.smh.com.au/business/mark...more-on-way-20140313-34n73.html#ixzz2vwtCRILp
 

The_Hypocrite

Alfrescian (Inf)
Asset
Controlling inflation is a good thing. But depending on monetary policy itself is stupid n the lazy way out. Anything wrong..raise rates...so easy meh?

New Zealand's central bank increased its key interest rate, becoming the first from a major developed nation to exit record-low borrowing costs, and signaled it may remove stimulus faster than previously forecast to contain inflation.
"It is necessary to raise interest rates toward a level at which they are no longer adding to demand," Reserve Bank of New Zealand Governor Graeme Wheeler said in a statement in Wellington after increasing the official cash rate by a quarter percentage point to 2.75 per cent, as forecast by all 15 economists in a Bloomberg News survey. The RBNZ expects to raise the rate by about 2 percentage points over two years, with the pace depending on economic data, Wheeler said.


Read more: http://www.smh.com.au/business/mark...more-on-way-20140313-34n73.html#ixzz2vwtCRILp
 

Ash007

Alfrescian
Loyal
Nzd is also almost on parity to aud as well.
New Zealand's central bank increased its key interest rate, becoming the first from a major developed nation to exit record-low borrowing costs, and signaled it may remove stimulus faster than previously forecast to contain inflation.
"It is necessary to raise interest rates toward a level at which they are no longer adding to demand," Reserve Bank of New Zealand Governor Graeme Wheeler said in a statement in Wellington after increasing the official cash rate by a quarter percentage point to 2.75 per cent, as forecast by all 15 economists in a Bloomberg News survey. The RBNZ expects to raise the rate by about 2 percentage points over two years, with the pace depending on economic data, Wheeler said.


Read more: http://www.smh.com.au/business/mark...more-on-way-20140313-34n73.html#ixzz2vwtCRILp
 
Last edited:

The_Hypocrite

Alfrescian (Inf)
Asset
http://www.abc.net.au/news/2014-03-28/llewellyn-smith-rba-seems-happy-to-boom-till-we-bust/5351010


[h=1]RBA seems happy to boom till we bust[/h]The Drum
By David Llewellyn-Smith
Updated Fri 28 Mar 2014, 10:45am AEDT
Photo: RBA governor Glenn Stevens flew to Hong Kong to wave a red rag in front of Chinese property capital bulls. (AAP: Tracey Nearmy)

It appeared the Reserve Bank had learnt the lesson of the GFC, that a private leveraging model of growth was overly risky. It hadn't, writes David Llewellyn-Smith.
I've had my Bill Evans moment. Two things have changed. First, there's not going to be any macroprudential policy in Australia.
House prices are going to go higher, cheered along by the central bank, which is not going to be able to raise rates with the capital expenditure "capex" cliff and rocketing dollar until it's too late. That brings me to the corollary: rates aren't going to go lower this year.
Since the GFC, I've held the firm belief that the Reserve Bank of Australia (RBA) had changed its spots. Governor Glenn Stevens especially was excellent in the years following the Great Recession as he explained to the nation why it mustn't leverage up further, why and how the major banks had stuffed up, and how Australia had to fix its external position.
The appointment of Phil Lowe as his deputy was another major milestone. Lowe had written the defining paper in the early 2000s about leaning against the wind in asset bubbles, even as the maestro Alan Greenspan declared the opposite. Replacing the debt-addled Ric "Boom Boom" Battellino with Lowe seemed a sea change.
It appeared the RBA had learnt the lesson of the GFC, that a private leveraging model of growth was overly risky, especially in a world in which the flow of debt from offshore can cease in an instant.
It hadn't.
The RBA has learnt nothing. Indeed, it seems the bank actually believes its own rhetoric about Australian exceptionalism. That is, that private debt doesn't matter so long as it's the result of decisions by mature adults. The RBA doesn't see any qualitative issues about growth at all, so long as it's happening. It is as dedicated as ever to Pitchford thesis thinking and a "do no harm" first principle in central banking, even though both are long past their use-by dates in a world of active peers.
What has changed my mind on this? The flow of material from the RBA this week, to put it crudely, dumped a truck-load of manure onto my views.
First, Phil Lowe discussed the prospect of China liberalising its currency. He briefly mooted the possibility of a flow-on effect to Australian assets, but really, there was little concern there. And the issue that the same process will collapse commodity demand wasn't even mentioned.
Next up, the Financial Stability Review did much the same thing. It mentioned the risks in housing markets, and we in the media dutifully reported it, but really, the message was most noteworthy for its timidity as the review also described little risk in markets right now, even as houses reach all-time high prices on every metric, driven largely by speculation.
Moreover, the review contained this little sentence:
"It is important for banks' risk management that they are vigilant in maintaining prudent lending standards, given that a combination of historically low interest rates and rising housing prices could encourage speculative activity in the housing market and encourage marginal borrowers to increase debt. APRA's (Australian Prudential Regulation Authority) forthcoming Prudential Practice Guide, which will outline its expectations for prudent housing lending practices, should assist banks in this regard."
That is where the RBA's and APRA's discussions of macroprudential policy appear to have taken them: the production of a new guide to bank prudence. If this is true then it must be admired as a charming act of official naiveté or condemned as a Kafkaesque act of bureaucratic arse-covering. Either way, macroprudential isn't coming.
Finally, there was Captain Glenn in Hong Kong delivering his anodyne assessment of the Australian rebalancing process. He reiterated the delivery of the APRA help yourself banking guide to prudence, as well as a few wrist-slapping comments about speculation before celebrating the imminent Australian housing construction boom that is completely dependent upon those very speculators. He didn't even mention the dollar until asked and even then his replies were muttered platitudes.
In short, Captain Glenn flew to Hong Kong to wave a red rag in front of Chinese property capital and forex bulls. The RBA is aiming to produce a singularly epic foreign-funded development boom and does not give a damn about tradable sectors.
So, where does this leave me in my Bill Evans moment of loss of faith in the RBA? Here are my conclusions:

  • Neither the RBA nor APRA is going to slow house prices or lower the dollar with macroprudential tools (unless the help yourself guide works);
  • That removes one of the fail-safes for house prices, which can now run uninhibited. There's no reason they won't repeat last year's double digit growth;
  • This is all the more so given the case for rate rises is still weak. The US bond market curve flattening will go on and China will stimulate enough to hit 7 per cent growth (iron ore will still fall) so the dollar can run to 95 cents or higher even without rate rises;
  • This will contain inflation; but,
  • Will hammer the Budget on falling terms of trade and weak nominal growth with little prospect of near-term austerity;
  • As a result, consumer confidence will remain subdued and there will be little uplift in non-mining investment (outside of Captain Glenn's apartments), especially since tradables will freeze anew on the dollar;
  • Thus the capex cliff will still need to be bridged with the Paddle Pop sticks and sticky tape of low rates supporting consumption; and,
  • Finally, the prospect of rate rises is far enough distant (let's take Bill Evans' 18 months as a base case) that we're just as likely to be overtaken by an external shock before we get there, so I'm not calling the bottom of the cycle.
As for my major investment themes of the past few years, they are unchanged. The RBA's preferred model of growth is ... ahem ... unsustainable, so taking the opportunity of the higher dollar to load up on external exposures is still the right play.
As is avoiding housing with a barge pole. Its risks are going to go stratospheric. More liquid bank or building materials equities are the way to play that, if you think you're quick enough.
The RBA's preparedness to double-down on Australia's old growth model means we'll take our highest ever asset prices into the next external shock, underpinned by unstable Chinese and local investor capital holding ghost city assets in Sydney and Melbourne, and carrying a debilitated external sector, as well as still deteriorating Budget. As a quick aside, my risk case for the next shock is in the next 18 months on a Chinese credit event.
It's going to be much worse than it needed to be but in the meantime boom, baby, boom!
David Llewellyn-Smith writes as House and Holes at MacroBusiness, where he is editor-in-chief and publisher. View his full profile here.
Topics:business-economics-and-finance, globalisation---economy, banking
First posted Fri 28 Mar 2014, 10:42am AEDT
 

The_Hypocrite

Alfrescian (Inf)
Asset
[h=1][video]http://www.abc.net.au/news/2014-04-02/ryan-rba-hammers-home-the-housing-warning/5361904[/video]

RBA hammers home the housing warning[/h]The Drum
By ABC's Peter Ryan
Posted Wed 2 Apr 2014, 3:09pm AEDT
Photo: Reserve Bank governor Glenn Stevens is again sending warning signals on housing. (Dean Lewins: AAP)

Four years after trying to get through to the masses, the Reserve Bank governor has delivered yet another reality check for property punters, writes Peter Ryan.
Revelations about surging property prices in Australian capital cities have renewed worries that a dangerous real estate bubble might be emerging.

But while the warnings have been getting louder in recent months, they're hardly new.

The Reserve Bank governor Glenn Stevens has been on the front foot in recent years with a message that investors should not expect instant capital gains from property investment or speculation.

While avoiding the "bubble" word, the warnings have been straight-talking and jargon free - clearly designed as a reality check for unsophisticated property punters.
Back in March 2010, Mr Stevens took the unprecedented step of going on breakfast television to deliver a wake-up call to a broad general audience.

For the usually reserved Mr Stevens, it was a significant departure from addressing the usual specialist suspects - economists, academics and finance journalists.

"I think it is a mistake to assume that a risk-less, easy, guaranteed way to prosperity is just to be leveraged up in to property. It isn't going to be that easy,"Mr Stevens told Channel Seven's Sunrise program.

The not-so-gentle message came a few months after Mr Stevens declared the emergency from the global financial crisis was over and that interest rates were about to move higher back to a normalised level of about 5 per cent.

In other words, Mr Stevens warned back then that with rates on the rise, investing in bricks and mortar was no longer the easy path to prosperity it was in the latter part of the 20th century.

His warning from that interview resonate now - four years later - amid signs that the cash rate could start rising from 2.5 per cent as early as Melbourne Cup day.

Here's how he began the softening-up process in March 2010 for both borrowers and lenders who could be exposed to the fallout from rising rates:

"I think it would be not doing people any favours to have a prolonged period of very low rates and then hammer them unexpectedly," Mr Stevens told Sunrise.

"And of course the banks that are lending them the money should be - and I'm sure are - testing the potential borrower: can you handle some rise in interest rates?"

Fast-forward to March 2014 and the similarity of the warnings is striking.
Just last week, the Reserve Bank warned in its latest Financial Stability Review that Australian banks could fuel real estate speculation if they weaken their lending standards.

The RBA warned that the pick-up in lending for houses would be "unhelpful if it was a result of lenders materially relaxing their lending standards".

While the Reserve Bank did not refer to a property "bubble", it again warned investors about the risks of real estate investment and that low rates "have the potential to encourage speculative activity in the housing market".

And once again, the RBA warned investors that while house prices can rise, they can also fall:

"It is important for both investors and owner-occupiers to understand that a cyclical upswing in housing prices when interest rates are low cannot continue indefinitely."

"And they should account for this in their purchasing decisions."

The RBA's strongest warning yet follows concerns from the Australian Securities & Investments Commission that self-funded retirees were exposed to price falls by leveraging into real estate to boost returns.

And late last year the International Monetary Fund cautioned that the recent surge in Australian property prices and rising investor expectations could cause values to "overshoot".
In that Sunriseinterview four years ago, Glenn Stevens described himself as "Sydney's most boring person, really".

But his early words of warning on housing could prove prophetic as the window of short memories appears to be getting shorter.
Peter Ryan is the ABC's business editor. View his full profile here.
 

The_Hypocrite

Alfrescian (Inf)
Asset
[h=1][video]http://www.abc.net.au/news/2014-04-02/property-price-warnings-nothing-new-from-reserve-bank/5362392?section=business[/video]Property price warnings nothing new from the Reserve Bank[/h] By business editor Peter Ryan
Updated Thu 3 Apr 2014, 10:54am AEDT
Photo: What goes up can also come down, warns the RBA on property prices.

Map: Australia

Revelations about surging property prices in Australian capital cities have renewed worries that a dangerous real estate bubble might be emerging.
However, while the warnings have been getting louder in recent months, they are hardly new.
The Reserve Bank's governor Glenn Stevens has been on the front foot in recent years with a message that investors should not expect instant capital gains from property investment or speculation.
The warnings have been straight-talking and jargon free, clearly designed as a reality check for unsophisticated property punters.
Back in March 2010, Mr Stevens took the unprecedented step of going on breakfast television to deliver a wakeup message to a broad general audience.
For the usually reserved Mr Stevens, it was a significant departure from addressing the usual specialist suspects - economists, academics and finance journalists.
"I think it is a mistake to assume that a riskless, easy, guaranteed way to prosperity is just to be leveraged up in to property. It isn't going to be that easy," Mr Stevens told Channel Seven's "Sunrise" program.
The not so gentle message came a few months after Mr Stevens declared the emergency from the global financial crisis was over and that interest rates were about to move higher, back to a normalised level of around 5 per cent.
In other words, Mr Stevens warned back then that, with rates on the rise, investing in bricks and mortar was no longer the easy path to prosperity it was in the latter part of the 20th century.
Glenn Stevens' warning from that interview resonates again now, four years later, amid signs that the cash rate could start rising from 2.5 per cent as early as Melbourne Cup day.
Here is how he began the softening-up process in March 2010 for both borrowers and lenders who could be exposed to the fallout from rising rates:
"I think it would be not doing people any favours to have a prolonged period of very low rates and then hammer them unexpectedly," Mr Stevens told Sunrise.
"And of course the banks that are lending them the money should be - and I'm sure are - testing the potential borrower: can you handle some rise in interest rates?"
Fast-forward to March 2014 and the similarity of the warnings is striking.
Just last week, the Reserve Bank warned in its latest Financial Stability Review that Australian banks could fuel real estate speculation if they weaken their lending standards.
The RBA warned that the pick-up in lending for houses would be, "unhelpful if it was a result of lenders materially relaxing their lending standards."
While the Reserve Bank did not refer to a property "bubble", it again warned investors about the risks of real estate investment and that low rates, "have the potential to encourage speculative activity in the housing market."
And, once again, the RBA warned investors that while house prices can rise, they can also fall:
"It is important for both investors and owner-occupiers to understand that a cyclical upswing in housing prices when interest rates are low cannot continue indefinitely ... and they should account for this in their purchasing decisions."
The RBA's strongest warning yet follows concerns from the Australian Securities and Investments Commission that self-funded retirees were exposed to price falls by leveraging into real estate to boost returns.
Late last year, the International Monetary Fund cautioned that the recent surge in Australian property prices and rising investor expectations could cause values to "overshoot".
In that Sunrise interview four years ago, Glenn Stevens described himself as "Sydney's most boring person, really."
But his early words of warning on housing could prove prophetic as the window of short memories appears to get shorter.
 

The_Hypocrite

Alfrescian (Inf)
Asset
[video]http://www.abc.net.au/news/2014-04-04/llewellyn-making-heads-or-tails-of-australias-economic-strategy/5367468[/video]

[h=1]Making heads or tails of Australia's economic strategy[/h]The Drum
By David Llewellyn-Smith
Posted Fri 4 Apr 2014, 3:37pm AEDT
Photo: Current macroeconomic management is a deeply interwoven mess of ideology, politics and interests. (Torsten Blackwood: AFP)

The RBA has painted itself into a corner on monetary policy, while the Federal Government is talking about massive black holes while simultaneously saying the budget won't be too tough, writes David Llewellyn-Smith.
Institutional stability is one of those vague terms that is cited as a crucial support when one assesses the relative merits and risk of any given market.
In Australia's case, it is often cited as a strength of our economic, regulatory and banking systems, and is a bit like an unloved old partner, taken for granted until it's not there.
Despite occupying impressively solid marble halls, our institutions are really only as strong as the people that occupy them, and, to be frank, they've seen better days. I'm not one to leap to conclusions about the impacts of uncertainty on animal spirits but, right now, the instability sweeping our macro management is impressive enough for it to be a concern.
There are three pillars of institutional macro management in any economy. They are monetary policy, fiscal policy and prudential policy. The combination of these three levers calibrates the macroeconomic settings for the economy, determining the direction and speed of capital flow which, let's face it, is really all that matters. Right now, all three are at best in a controlled transition and, more truthfully, are struggling to cope under rapidly changing economic circumstances.
Consider each institution for a moment. In monetary policy, the Reserve Bank of Australia (RBA) has painted itself into a corner from which it refuses to move. It's cash rate is low enough to be re-inflating the housing bubble but not low enough to bring down an over-inflated dollar. The answer to its dilemma is very obvious in the use of temporary macroprudential tools such as those working beautifully in New Zealand, but it won't use them.
As such, it's communications are becoming more and more confusing as it's jawbone aims to keep conflicting economic actors exuberant or fearful at the same time. In a few short months, the RBA has both demanded a lower dollar and accepted a higher dollar, promoted a housing boom while castigating speculators, canvassed the need for policy innovation while writing it off, as well as embracing recovery while warning of lingering weakness.
In prudential policy, it is at least as confusing and probably even more so. The RBA keeps insisting that it need not do anything new because the Australian Prudential Regulation Authority (APRA) has promoted itself as embracing "Basel III plus" conservatism in which it's asking the banks to hold more capital for a rainy day. But it's done no such thing, and instead has allowed the banks to game the system.
It's at odds with its own soft regulators, the Bank of International Settlements (BIS) and the International Monetary Fund (IMF), over the capital reserving issue, both of which rightly see APRA being far too lenient on the too-big-to-fail (TBTF) banks.
At the same time, a former CEO of the same TBTF banks (David Murray) has been appointed to run a generational inquiry into the banking system, and he has already publicly declared his biases, which include the carriage of too much capital by the major banks. This has emboldened the banks themselves, which are now mounting a major rent-seeking offensive upon the inquiry, demanding much lower capital reserving, at the same time as higher reserving is desperately needed to prevent the housing bubble from inflating to new historic proportions.
This doesn't say much for the motives of the new government.
Fiscal policy is the final lever and on that front there is more confusion. After years of hopeless budget misses, the new Government has insisted on bearish forecasts. But they're still not gloomy enough, in part because the Government's own agenda of returning to surplus as soon as possible will hit growth much harder than it expects.
In the past two days we've had Treasurer Joe Hockey warn of a $60 billion black hole in the budget and Prime Minister Tony Abbott reassure us that the budget will not be too tough. This continues a pattern of good cop/bad cop rhetoric that has gone on for six months. Like the RBA, it's not really coming off as a clever communications strategy so much as it is wholesale confusion.
And, of course, underneath all of that, there actually is a budget crisis. The budget must be returned to surplus in good time to protect the AAA rating, not because that's of any great value to itself, but because the rating is the linchpin in major banks' liability management via the implicit wholesale guarantee, which is one major reason why the banks can carry so little capital.
As you can see, current macroeconomic management is a deeply interwoven mess of ideology, politics, interests and bureaucratic arse-covering in which semi-independent economic managers are under intense pressure from each other, as well as the regulated, and it's not at all clear who is winning and what the outcomes will be.
Some of this is just bad timing and will work itself out. But most of it is emanating from a post-mining boom economic adjustment that has no over-arching macroeconomic or regulatory plan. For that, one must surely blame the Treasurer.
I'm not one to worry too much about the ebbs and flows of policy having a negative impact on wider confidence, be it that of consumers or investors. I see economic and investment fundamentals as the driving force of confidence. No doubt most observers see only the odd detail and not the big picture but, even so, one can only wonder how in control the wider community feels about their finances right now given the increasingly frequent symptoms of systemic instability.
 

neddy

Alfrescian (Inf)
Asset
http://www.wapropertynews.com.au/perth-population-boom-drive-property-prices/-237

Perth Property Boom to drive property prices: Demand for Perth property is likely to outstrip supply for many years to come due to population demands.
by Ryan Northover

Perth, Western Australia- The Australian Bureau of Statistics has released incredible data, showing Perth’s population will likely double by the second half of the century to 5.5 million.
The Perth population boom means investors are likely to see significant long term returns from a property development and investment portfolio strategy, commentators suggest, with demand for Perth property to outstrip supply for many years to come.
Perth’s population will overtake Brisbane in just 15 years, with the city set to host over 3 million people by 2028. The population boom is underpinned by the strong local economy and innovation, leading to high migration rates from across Australia and overseas to WA and high birth rates.
Housing Industry Association Economist Geordan Murry said the population projections are a concern for local and Federal policy makers, with the high demand for housing likely to be a major issue for many years to come in cities like Perth.
“The ABS projections send a clear message to policy makers around the country. Ensuring that the supply of new housing can meet the needs of a growing population is an urgent and ever-present policy priority,” said Geordan Murray.
“Even the lowest projections show Australia’s population nearing 26 million by 2020 and 29 million by 2030. Housing these people will require a considerably higher average build rate than what has occurred over the last 20 years and that won’t happen without a concerted and cooperative focus on policy reform,” commented Geordan Murray.
 

I0wnedSIFU

Alfrescian
Loyal

Beware of fake opposition supporters who are actually PAP moles. Yes the retarded gay fuck that u see on my avatar. :biggrin:

How to tell them apart?

Their clones will stir shit in both emigration folders giving false info.

In support of the PAP who owns sgpools, their clones will stir shit at the bookies threads at the sports gambling folders but u won't see them disturbing the casionoes and 4D / toto threads. :rolleyes:


 

Muthukali

Alfrescian (Inf)
Asset

Beware of fake opposition supporters who are actually PAP moles. Yes the retarded gay fuck that u see on my avatar. :biggrin:

How to tell them apart?

Their clones will stir shit in both emigration folders giving false info.

In support of the PAP who owns sgpools, their clones will stir shit at the bookies threads at the sports gambling folders but u won't see them disturbing the casionoes and 4D / toto threads. :rolleyes:



Beware of fake opposition supporters. Who the hell buys so many INFP and post boliao stuff at so many threads unless they are being paid by PAP to disrupt this forum. OA retard is certainly a PAP IB.

Cb u two forever fighting, knn buay sian ah:oIo::oIo:
 
Top