House prices
Still For Sale..First listed Dec 2021
https://www.realestate.com.au/property-residential+land-qld-caloundra+we...
udo wrote:Still For Sale..First listed Dec 2021
https://www.realestate.com.au/property-residential+land-qld-caloundra+we...
I think they’ve lowered their price expectations at least haven’t they?
Pretty obvious why it hasn't sold, who'd want to live in the Aura.
These developments look very soul-sucking to me, I would never buy a house there.
Sprout wrote:Pretty obvious why it hasn't sold, who'd want to live in the Aura.
Clearly some people do!!
Could this be the 'choose the form of your destructor'?
https://www.macrobusiness.com.au/2023/03/how-us-finanical-crisis-contagi...
Interesting points on bank exposure, A-REIT exposure, and super fund exposure. Anyone remember 1990-4?
velocityjohnno wrote:Anyone remember 1990-4?
Uh huh!!!
donweather wrote:A long read but very interesting.
Thank you Don, what a great read. He takes complex events and structures and makes them easily understandable and does so with consecutive logic. I might physically print a handful of articles a year, and this is one of them.
It's a great wrap-up of what just broke.
To charty people, have a gawk at the US 5yr, US 10yr and gold in AUD...
velocityjohnno wrote:donweather wrote:A long read but very interesting.
Thank you Don, what a great read. He takes complex events and structures and makes them easily understandable and does so with consecutive logic. I might physically print a handful of articles a year, and this is one of them.
It's a great wrap-up of what just broke.
To charty people, have a gawk at the US 5yr, US 10yr and gold in AUD...
Twas wonderfully articulated and explained easily hey!!!
Wow I just semi digested that article. It's crazy what the US has just funded/allowed.
So, house prices up.
Wow! What an article that was, epic. And it clearly explains that they will do anything to keep things liquid. Terminology changes but everything else is the same. I’ve been saying it for months - there will be no dooms day crisis as they will always find fancy ways to bail things out. These are not free markets, they are highly manipulated and the intervention is through the roof. Now, who, why can be debated forever…
Mind as well use this for forecasting
It also explains why every other developed country (more or less) follows FED. If a country doesn’t follow FED increase the deposits will move into the higher interest environment. And to make it worse, low returning bonds would be sold at the prospects of higher interest returns in the US. Capital flees the country and you have a crisis similar to this regional vs big bank scenario in the article. So many variables to consider, every decision manifests itself into dozens of different directions.
Simple solutions to super complex situations - such as buy crypto as suggested in the link above - have their own risks:
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-a...
"To make CBDCs widely accepted and even welcome, a few things have to happen first.
1.) Cryptocurrency has to fail. "
Crypto as a category is now seriously tainted. Bitcoin not so much. But if the Central Banks go all in on digital currency, their determination to kill crypto will know no bounds. Many ways to do that.
This is a good one
frog wrote:Simple solutions to super complex situations - such as buy crypto as suggested in the link above - have their own risks:
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-a...
"To make CBDCs widely accepted and even welcome, a few things have to happen first.
1.) Cryptocurrency has to fail. "
Crypto as a category is now seriously tainted. Bitcoin not so much. But if the Central Banks go all in on digital currency, their determination to kill crypto will know no bounds. Many ways to do that.
Crypto won't fail.
More accurately ... decentralisation can't be killed. At most they can regulate it and create an environment that favours certain structures, but the pace of technology development is making it hard for traditional systems to keep up and stay ahead of the curve.
Disruption is a double edged sword.
frog wrote:Simple solutions to super complex situations - such as buy crypto as suggested in the link above - have their own risks:
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-a...
"To make CBDCs widely accepted and even welcome, a few things have to happen first.
1.) Cryptocurrency has to fail. "
Crypto as a category is now seriously tainted. Bitcoin not so much. But if the Central Banks go all in on digital currency, their determination to kill crypto will know no bounds. Many ways to do that.
Banks are already killing off crypto. They’re not allowing you to buy crypto nor get payments from stablecoins into fiat into your bank account.
But that’s fine. Crypto was invented to give banks the finger. So the banks are allowed to give the finger back to crypto.
donweather wrote:frog wrote:Simple solutions to super complex situations - such as buy crypto as suggested in the link above - have their own risks:
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-a...
"To make CBDCs widely accepted and even welcome, a few things have to happen first.
1.) Cryptocurrency has to fail. "
Crypto as a category is now seriously tainted. Bitcoin not so much. But if the Central Banks go all in on digital currency, their determination to kill crypto will know no bounds. Many ways to do that.
Banks are already killing off crypto. They’re not allowing you to buy crypto nor get payments from stablecoins into fiat into your bank account.
But that’s fine. Crypto was invented to give banks the finger. So the banks are allowed to give the finger back to crypto.
Dunno what bank you're with Don but, I have no problem moving money from fiat to crypto.
The more de-fi options that are available the less you'll need to transfer back to fiat to pay for goods and services.
Craig wrote:Wow I just semi digested that article. It's crazy what the US has just funded/allowed.
Crazy is normal in the Twilight Zone - where we've been since 2008. I mean, probably since the Greenspan put actually.
flollo wrote:Wow! What an article that was, epic. And it clearly explains that they will do anything to keep things liquid. Terminology changes but everything else is the same. I’ve been saying it for months - there will be no dooms day crisis as they will always find fancy ways to bail things out. These are not free markets, they are highly manipulated and the intervention is through the roof. Now, who, why can be debated forever…
Agree. Imagine actually having free markets...
It's quite clever how they've done it, if I read correctly instead of selling bonds to the Fed and getting new printed funds, they use their UST holdings - at HTM valuation - as collateral for a loan from the Fed, payable at the 1 year rate + 0.1%. This would mean there's a strong chance they make a loss on it over a year, so would dissuade banks to tap out the mechanism unless they can be sure they will profit over and above what they have to pay. But it does mean nearly unlimited liquidity if they have a run by their depositors. And it won't stop depositors just going to UST's at 4+% anyway, or money market funds for that matter.
As US regionals loan most into the real economy, that means Main St might see far less loans for their businesses, just as enough liquidity has been created to paper over the moon, in theory. Feel free to correct.
With the BTC in AUD, anyone had a look at that chart? Usually, a rally has to be totally macking along for Swellnet's crypto thread to get regular updates, but someone should cross-post to it and mention what the response to this new policy has done.
jayet-010 wrote:Dunno what bank you're with Don but, I have no problem moving money from fiat to crypto.
The more de-fi options that are available the less you'll need to transfer back to fiat to pay for goods and services.
What are some examples of goods and services that are you buying with your crypto, jayet-010?
How frequently do you buy goods and services with your crypto, and which coin(s) do you use?
I work retail.We've had times when the power goes out and customers with cash can still make transactions while credit card/phone customers go home empty handed.
Crypto is nothing but digitalized fiat toilet paper.
What happens when digital shit hits like electrical black out/computer system crash/hackers?
ctrl alt delete
Always pay in and trade in cash. If you’re out of practise get back into it and tell others to as well. If we don’t use it we will lose it and you will be a slave to whatever eftpos charges the banks dream up….if the computers aren’t down that is.
If it all goes to pot, power goes off and fiatskis are worth zilch, just go back to using 92.5% Australian junk silver (predecimal currency) - because each coin is a weight of a commodity.
lmao! a single threepence is almost worth a USD:
http://coinapps.com/silver/coin/australian/calculator/
post some guards around the Christmas pudding!
This link has the Oz weights easily visible:
https://www.australian-coins.com/silver-calculator/australian-silver-coi...
Can't print physical weight out of thin air, have to work to mine and refine it. Can't drop an ICO of more silver coins either or do a fork in it's blockchain
Completely anonymous as well!
Hmmm, consolidation of power in the finance sector?
Ohhhhh boy 👀 pic.twitter.com/sHFHjHxve3
— 𝙈𝙞𝙠𝙚 “Dr. Calm” 𝙃𝙤₿𝙖𝙧𝙩 (@theemikehobart) March 16, 2023
troppo dichotomy wrote:I work retail.We've had times when the power goes out and customers with cash can still make transactions while credit card/phone customers go home empty handed.
The power was out here for a day and a half. We couldn't make any transactions, cash or otherwise because the cash registers are all electronic and can't be opened without power.
jayet-010 wrote:donweather wrote:frog wrote:Simple solutions to super complex situations - such as buy crypto as suggested in the link above - have their own risks:
https://www.zerohedge.com/political/fednow-instant-payments-are-coming-a...
"To make CBDCs widely accepted and even welcome, a few things have to happen first.
1.) Cryptocurrency has to fail. "
Crypto as a category is now seriously tainted. Bitcoin not so much. But if the Central Banks go all in on digital currency, their determination to kill crypto will know no bounds. Many ways to do that.
Banks are already killing off crypto. They’re not allowing you to buy crypto nor get payments from stablecoins into fiat into your bank account.
But that’s fine. Crypto was invented to give banks the finger. So the banks are allowed to give the finger back to crypto.
Dunno what bank you're with Don but, I have no problem moving money from fiat to crypto.
The more de-fi options that are available the less you'll need to transfer back to fiat to pay for goods and services.
I wasn’t referring to Aus banks. US and UK leading the crack down charge.
Thats Owen's development.
Bought for 1.5 million.
Hived into 4 units @ 6.5 each.
(he kept one, biz partner got one)
13 million, even with costs is a good earn.
I'd like to suggest a new addition to the rules of surfing: landlords, property developers, and millionaires should not get set waves.
5.1 mill i think Freeride..but still a gd Earner
$6.5??
Good lord.
Today...the Housing crisis hits Home...no creeping ... kicks down yer front door it does.
Been worried sick about it!
For sure...can feel for fellow Aussies!
tbb's Outrageous Bodycorp Bill.
22 Feb $2,700 (Arrears) Wot! No...Never...go away ya crooks!
Phoned the Mobsters..."Yeah! You owe us big time mate...talk to the Committee!"
They say OZ Post is notoriously unreliable!
Pushin' tbb to bank online...something no banker would ever rely on! (True!)
Told 'em to turn on Telly & count the Multi million online data thefts each & every minute!
Also noted tbb has paid more Corp bills on time & longer than any in our complex!
22 March...Ok! How about ya give us...$1,480
Why! (tbb almost accepted this made up amount just to save his little finger!)
Committee Meeting....
22 March $860 [PAID] 10 days ahead of time > All Even! Checked Verified! All Good!
Hopefully they took tbb's payment record into account when realizing their error!
tbb urges the crew to be wary of Body Corp's Power Grab...
But be equally thankful when they lose their head of steam & come to their senses.
All are on notice...this is a crisis for each & all here & now!
Be on yer guard & get ready to defend yer home...they know yer age & can smell your fear!
dandandan wrote:I'd like to suggest a new addition to the rules of surfing: landlords, property developers, and millionaires should not get set waves.
I'll second that motion. And fading any of them , including real estate agents, into the pit should earn you priority on the next set.
So Owen sold and announced the retirement pretty much at the same time? He must’ve made a killing on that deal? Is it even built? Pictures on that link are still concept photos.
Sept 2022
.
flollo wrote:So Owen sold and announced the retirement pretty much at the same time? He must’ve made a killing on that deal? Is it even built? Pictures on that link are still concept photos.
Not built, no.
I did a drive by on the weekend.
That’s crazy. $6.5m and it’s not even built. I assume he received the deposit and the settlement at completion but still? Byron is slowly but surely turning into something like Australian Monte Carlo. It’s gone up everywhere but that area seems like XXX+!?
If I had a spare 6.5M I wouldn't t be buying that "sophisticated, yet casual" shitbox.
As far as the BS 'location, location, location' mantra goes,,, yeah nah.
"sophisticated, yet casual".. ffs So was the fibro and corrugated iron shack I used to live in after we bought the coffee machine.
Provinces usually attract wealthiest youngest o/s intake above own makeshift Population.
re: World's most Exclusive Provinces & Tax Havens fill this list of VIP Kingdoms.
Vatican 100% UAE 88% Qatar 77% Lichtenstein 68% Monaco 68% Luxembourg 47% Singapore etc....
Crew get the Picture > Sell out yer Sovereignty to 50% o/s residents > Join the VIP CLUB.
World's fastest growing Home Prices mirror fastest rising Migrant Growth.
Govts hooked on neverending younger wealthier pop supply fuels the Crisis
(Opposite)
Italy's falling Graph + spinning top effect...housing peak market is past it's prime income age.
See following age brackets falling away further each year = Prices drop from 100 Base > -65
https://www.populationpyramid.net/italy/2023/
Important! Less about age but all about fuelling younger migrating hyped Housing demand.
Vetting increasingly Higher Educated younger wealthier intake > Oz/Canada Housing Crisis
See Oz graph always rising > filling out supply lines as each age group meets Peak Loan Rates
Housing market is permanently on fire for next 100 years > 2025 o/s review but % still increases!
https://www.populationpyramid.net/australia/2023/
Here's the thing...only Island & Principalities swan this imported populous lifestyle...
Australia is first established nation racing to shop at the elite Price Docket Checkout!
Each & every year into the new Century Oz ages but grows more exotic, younger & wealthier!
By 2055 ...only foreigners will be able to afford to live here in their new Legit Sovereign Nation
That's Correct...Oz [Sold Out] Likely be owned & Governed by World Bank as a Yuppie Ark!
tbb will ID where the Rental / Housing blocks are then list reliable solutions
Australia's (Shopping Docket) These items drive Rental / Housing thru the roof!
* Largest Est' Nation with Highest 28% wealthier Migrant Population (1/2 Parents born overseas)
* Forecast 1st Large Nation to surrender Sovereignty to 50% younger wealthier foreigners by 2055.
Wait! This actually refers to over 50% Oz residents being born o/s...Aussie Born as minority species!
Meaning majority of voters can democratically run Oz from a nominated Swiss bank account.
* One of 3 Resourceful Nations forecast to continually grow into 2100 + (Canada / Tanzania)
Note: Not highest in Pop but most reliably bankable continuous upward growth trend...very rare indeed!
* 2nd highest world Millionaire migration intake (see above > #1 UAE #2 Oz #3 Singapore > All fits)
* Leading World Regions short term stays Rank #2 Byron (30% of Pop) / 3 Noosa / 4 Gold Coast
Yes! That's correct...Byron has 30% Airbnb Pop...(Qld Govt review are sweating to find likewise! Gulp!)
* Oz has World's Largest Student Intake! (27% of World Total o/s Students)
* Oz fastest growing highest rising SEQ Olympic sized Housing crisis has highest 28-37% o/s residents.
Migrants rapidly gravitate to CBD pockets > Bne > South > (7% NZ Pocket) > Gold Coast.
OZ Summer City Housing Crisis ( Continued...)
Peak Summer = 50% Higher occupancy than Winter Season
Bushfires / Floods / Cyclones / Storms
Govt Policy crowds majority of Family/Migration during Summer Peak > Skyrocketing Accom Crisis.
Migrant centres > Unis are in Cities & the whole shit show orchestrates a bigger crisis each year
Unions are pushing for migrant $90k yr min income > Institutes are campaigning for o/s open income
Ages > Accom
22.3yrs o/s Students > 97% rent in cities Syd > Mbne > Bne > Perth > Goldie > NSW regions > Ade.
22.7yrs Humanitarian Intake
25.9yrs Migrant Arrivals (total) > 86% live in Biggest Cities
26yrs NZ Migrants
27yrs Migrant Departures (total)
28.4yrs Oz Departures
28.9yrs Temp Migrant Workers
29yrs Oz returns
30yrs Oz (1982) Avg Age
30.5yrs Family Migrants
30.6yrs Skilled Migrant Workers
31.6yrs Visitor Visas
37.3yrs Oz (2023) Avg age > 65% live in cities
40yrs Oz (2030) Avg Age
60yrs tbb (Today) Official Hodad!
Crew can see that o/s workers are 10 years younger & highly skilled.
o/s Workers will dictate higher price real estate & Banks will give them the World.
Younger Migrants bankroll Oz society to prop up Aging Aussies owing more each day.
eg: Recent Covid Emergency > Students / Bosses had open cheque books!
May 2021 Students Tourism Work "Emergency Tax free extends for 2 years to mid 2023"
Jan 2022 Students "Emergency > Unlimited Hours > Tax Free" No investigating the Bosses!
June 2023 Students "Emergency Ends" (40hrs > 48hrs fortnight first $18k tax free)
Lifetime Fiscal Positive Impact
Average Migrant adds $41,307 to economy
Skilled Migrant adds $198,141 to economy
Solo Yuppie Migrant Intake is #1 Successive Govt Policy
^........................................................................................................v
Lifetime Aging / Care Cost Burden on Oz Society
Aussies cost society $85,248
Migrant Family cost society $126,430
Humanitarians cost society $399,830
Housing Type 1990 > 2023
Govt Housing.....6% > 3% (Notice Govts keep saying they invest more...by % they halved it)
Rental.................18% > 26% Stat should read higher or double! see next table...Home!
Mortgage...........28% > 37% Lumbered in Debt
Ownership.........43% > 29.5% Dreamkiller
+
Home~ 1981 > 1990 > 2016
20-24~ 36% > 42.5% > 43.4% (vs) Wealthy o/s Students
25-29~ 9.7% > 13.7% > 17.1% (vs) NZ migrants
30-34~ 3.8% > 5.5% > 7.1% (vs) Visitor / Skilled Migrants
In all age groups & across all Oz nationalities the boys stay longer at Home...(Often Double)
Govt Policy advances to secure Girls education / Tech / Sports / Health ahead of boys.
Women are birthing 10 years too late & only once > Child rearing is now the ultimate Policy.
Parents are more likely to secure / fund their Daughters education away from Home.
Boys are needed for longer to maintain Family home / business.
Housing Crisis Offsets (o/s Non Resident Home / Property Sale Bans)
Increased Migration > Raising cbd / pocket prices > Offset by o/s Home Ownership Bans
https://worldcrunch.com/business-finance/bans-on-foreigners-buying-houses
Canada PM : [ Homes are for People not Investors ]
2016 ( Foreign Home Owner Tax) o/s sales plummeted 10%
2017 (Home Tax on non residents) > 2023 (2 year o/s Home buying Ban) re: CBDs
Oz / NZ fear o/s rebound buyers flooding their shores next...Why the fear?
2018 Foreigners buying 22% of Auckland CBD Houses NZ Govt Banned them.
News of the day...Oz will soon follow! Read it Here, anywhere & any hour...
Many EU / South Asian Countries have Bans on o/s Home Purchases
Some for Ages or 5 years others are releasing their grip...all depends on Post Covid effect!
Intro an offset Peak Summer [Census] for all Oz / Migrants
This data tbb is researching represents a bygone era of Cold Winter 50% behind speed!
Census should catch Oz mid Flight with a host of Combo record Summer Crisis Oz wide.
What use is a toolbox with a candle & a pair of slippers to ward off our maddening Summer crisis.
Govt gotta get outta the 18th century freeze over to face the modern world...no hurry!
Reverse Rotational Flow Migration
Switch o/s peak Uni / Work migration to Start in Financial year Winter Calendar
April induction > May / June Semester 1 o/s Students > Feb Semester 1 Oz Students
Review Rental Leases (Current) 6 mth Qld lease is fuelling SEQ crisis (vs) 12 mths NSW / Vic / ACT
Reverse Rotational Flow FIFO Emigration.
Likewise other nations are aging fast & will pay well for quality labour...Oz is trusted & mates!
Australians target aging Nations & market to supply & upskill high value youth labour...
6 months higher paid labour affords these FIFO Aussies enough to reside in Oz 6 months.
Recalling that by mid century Oz will be split evenly...Aussie Kidz may need to split as Dual citizens.
We will be less than half Oz...then the world will be more our home than Oz. Few think of that!
2055 Being Aussie is Foreign to us, the Nation we choose next will become more homely each year!
Here's our related Nations > Timeline to capitalize on seasonal FIFO crews.
tbb has listed Oz compliant nations to suit our highest value relatable workforce.
2020-30 Japan > Greece > Italy > (Eastern EU)
2025-35 Germany > Poland > Croatia > Hungary > Portugal > Spain
2035-45 France > Malta > Netherlands
2045-55 Singapore > Thailand
2055-65 UK
Timeshare List reflects each Nation's pop downturn to maximize opportunity.
Anyone of these will present as our new home away from home a we get priced out of Oz.
Solutions tbb gives are foreign to us, as will be our World, as we panic more each day to adapt.
Yes! tbb admits they're well beyond wot our pollies plan...but crew can see they're modest & ring true!
tbb never chose these options...they present more as lifelines for our hastening alien Oz principality.
All here know Pollies are selling us out & we can't compete as World's Wealthiest flood us out.
Next Level is here today!
Ask! How long are we to ban the world at large from securing our Sovereignty!
2 Years > 5 years...coz Data says we need a 30 year Ban...Aussie Dream Home is for Sale!
tbb will let Aussies have the Final say in a Newspaper Poll.
Should Aussies ban Foreigners from buying Property... Yes 91% (vs) No 9%
(That sounds like Big News!)
https://www.dailymail.co.uk/news/article-11596241/Calls-grow-Australia-B...
Far out tbb there's a lot in there. You're making some great points. I live in an old, established suburb and most people lived here for a very long time. So it kinda feels isolated from a lot of the stuff you talk about. But then, every time I go to Melbourne my eyes open up. It's like a different world down there, they built (and still building) thousands of highrise apartments and I always wonder who buys those apartments. My assumption is - it's overseas buyers and not many Aussies. If you walk the streets you will see that all real estate agencies advertise properties in Mandarin and some exclusively in Mandarin (literally no English). There must be a strong lobby behind these apartments.
Thanx a heap flollo...back to tbb's family sharing some housing tips!
This tip is for those setting up an Airbnb...something seldom mentioned.
But tbb thinks the Host will wanna know!
Brother just shared some 'inside' tips on Airbnb Mobster Hideouts.
Listen to this...very real message from the force.
Turns out biker gangs & drug runners hire out airbnb for a Party Animal House.
Ok! So all have made complaints to Neighbourhood Watch about local Wild Party!
Maybe someone did...maybe!
What us innocents don't know is this...
Blowin' the bond is neither here nor there!
Coz the gang get the Key Cut before returning it!
They got their prize! {The Key} to their new drug emporium.
This main bit is left out of these down played news events...
Airbnb insist Hosts must post a Calendar of booked / Unbooked days.
Bikers & Drug runners timetable their "Privately Secured" drug drop offs thanks to Airbnb.
Dealers have the cut Key & all runners can check Airbnb for their next Drug Den pickup.
Airbnb is timetabling & hosting Bikers drug Drop Offs!
Some owners switched to Combo Key Pad Locks...
But Dealers usually leave a window or Doggie Door ajar.
Knowing the layout they can measure Glass, then tidy & replace any targeted pane.
From the inside...Yes! This is now a new crime wave thingy!
All this is the result of Lazy unaccounted VIP outta town Vacancies.
Airbnb operators are least able to afford security & crooks sniff out these lame targets.
Timetabling Housing Waste rewards the underworld with secure untraceable timetabled hideouts
Once tbb was made aware of this...clicked search on the subject...Bingo!
Ordinarily these 'random' events fly under the radar unless searching for it > [ Airbnb Drug Deals ]
They're random because these home invaders are seldom caught out!
Once you link the the two...www lights up...have heard it's busy enough to be of concern to the Law!
Reckon it's why Qld Govt are now reviewing ramped Airbnbs = ramped Drug / arms Deals!
Of interest is NSW Govt advocating Airbnb 180 night cap > Byron 90 night cap...Bikers will love that!
Airbnb Calendars advertising 75% Accom' waste...
Wow! That is some lazy arse fucked up least secure & wasteful Housing Policy!
Govt mandated advertised 75% Housing waste invites the underworld to set up Byron Compounds!
Ok! So where does all this end up?
NSW Land Court Judge ... "Would the Drugged out Feral please approach the bench!"
Feral : "Them Drug Dealing bikers have changed the locks on my 75% mandated Drug Den!"
https://inqld.com.au/insights/2023/03/08/could-cracking-down-on-airbnb-r...
Tbb that stuff is an eye opener.
Happy birthday TBB!
And thank you for that first big post, well researched! You've just outlined exactly what is going on and we are seeing and all feeling. So the country as we knew it is toast, to be fundamentally replaced in an ongoing seeking of younger, highly skilled work units and the rich and famous; to offset the aging. And that we/our young will be sent wandering the world as a result and find our 'Australia' in other places.
Kudos to you, you've outlined it beautifully.
And the airbnb abuse: very clever people...
This one's for you, TBB
House prices - going to go up , down or sideways ?
Opinions and anecdotal stories if you could.
Cheers