and so it begins...

Discussion in 'Property Market Economics' started by euro73, 11th Aug, 2016.

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  1. Graeme

    Graeme Well-Known Member

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    I was actually thinking that in a few years you might be able to buy a couple of dog boxes on the cheap, knock them through, and have a decent place.
     
    Graeme, 3rd Sep, 2016
    #41
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  2. Ed Barton

    Ed Barton Well-Known Member

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    There are two types of distress.
    1. Individual distress. Which is fairly constant. People die, divorce etc at a fairly constant rate.
    2. Systemic distress from a crappy economy, widespread unemployment etc.

    In the case of widespread failure to settle then those that have settled and face 'individual distress' will have to match the prices, which would only exacerbate falls. In a buoyant market you don't even notice these vendors.
     
    Ed Barton, 3rd Sep, 2016
    #42
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  3. truong

    truong Well-Known Member

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    From NAB’s Ivan Colhoun (bold is mine):
    http://business.nab.com.au/wp-content/uploads/2016/09/AMW-5-Sep-2016.pdf
    Things I’ve heard recently on the grapevine:
    - More Chinese people bypassing Australian banks and borrowing from foreign banks
    - Private lenders in Aus providing stopgaps through loans at > 10% interest. I understand this is mostly Chinese money previously exfiltrated.
    - People using property in China as security.
     
    truong, 7th Sep, 2016
    #43
  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I have heard of local resident chinese also purchasing from non-residents who are unable to settle. There is a term they use for these people - but I cannot remember what it is.
     
    Terry_w, 7th Sep, 2016
    #44
  5. zlatan9

    zlatan9 Well-Known Member

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    zlatan9, 7th Sep, 2016
    #45
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  6. Ted Varrick

    Ted Varrick Well-Known Member

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    Opportunists?
     
    Ted Varrick, 7th Sep, 2016
    #46
  7. Plutus

    Plutus Well-Known Member

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    So you honestly think the USA would potentially compromise all of its treaties and relationships with foreign powers by ignoring the ANZUS treaty?
     
    Plutus, 8th Sep, 2016
    #47
  8. Speede

    Speede Well-Known Member

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    A wannabe Mexican

    Yes.
     
    Speede, 8th Sep, 2016
    #48
  9. FirstTimeBuyer

    FirstTimeBuyer Well-Known Member

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    Just saw this come through. Looks like buyers might be becoming scarce in even a decent area like Macquarie
     

    Attached Files:

    FirstTimeBuyer, 8th Sep, 2016
    #49
  10. Air_Bender

    Air_Bender Well-Known Member

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    Air_Bender, 8th Sep, 2016
    #50
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  11. hammer

    hammer Well-Known Member

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    The time for governments and institutions to act was 18 months ago.

    The horse has bolted.

    Could go either way. I hope @euro73 is right about the banks changing their minds.

    The media is all focusing on Sydney....But I am thinking that Brisbane is the city with biggest flashing lights.
     
    hammer, 8th Sep, 2016
    #51
  12. Dean Collins

    Dean Collins Well-Known Member

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    lol .......ask the French
     
    Dean Collins, 11th Sep, 2016
    #52
  13. Azazel

    Azazel Well-Known Member

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    A good reason why we should stay in the Commonwealth.
    I can imagine us becoming a US colony if we left.
     
    Azazel, 11th Sep, 2016
    #53
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  14. Dean Collins

    Dean Collins Well-Known Member

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    Considering the Marines already invaded Darwin and almost none of my friends noticed or even care.......I think its happened already.

    Honestly the lack of public discourse that happened around this blows my mind.
     
    Dean Collins, 12th Sep, 2016
    #54
  15. Cactus

    Cactus Well-Known Member

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    Cactus, 12th Sep, 2016
    #55
  16. Air_Bender

    Air_Bender Well-Known Member

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    Air_Bender, 12th Sep, 2016
    #56
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  17. dabbler

    dabbler Well-Known Member

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    Six weeks is just an alarmist thing to say, a full blown global crisis would need to be underway for anything to happen in 6 weeks.

    Not unlike people naming a date for the end of the US currency, while they may have some good points, you will see the date keep being moved forward.
     
    dabbler, 12th Sep, 2016
    #57
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  18. Azazel

    Azazel Well-Known Member

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    I don't think I've heard about this.
    Do the yankees have a base there now?
     
    Azazel, 12th Sep, 2016
    #58
  19. hammer

    hammer Well-Known Member

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    They don't have their own base, but 2500 of them are stationed at Robertson Baracks in Darwin at any one time.
     
    hammer, 12th Sep, 2016
    #59
  20. Beyond Wealth

    Beyond Wealth Well-Known Member

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    Beyond Wealth, 12th Sep, 2016
    #60
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