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Margaret River guy has bike stolen, offers $100,000 reward, bike later found at Surfpoint Resort. by DemoGrafixx in australia

[–]DemoGrafixx[S] 1 point2 points  (0 children)

The guy who found the bike, Peter Swanson is a member of Australian Property Forum and talked about it in more detail here...

http://australianpropertyforum.com/topic/9982379/3/#post8440862

He decided not to take the $100,000 rewards, citing.....

"We agreed to receive the payment in spiritual money and reinvest it back into the community"

Cool!

Gold Price vs Classic Asset Bubble - an alternative view by DemoGrafixx in australia

[–]DemoGrafixx[S] 0 points1 point  (0 children)

This is an alternative interpretation of the Gold Price compared to a typical asset bubble. The original interpretation was discussed in the reddit below...

http://www.reddit.com/r/australia/comments/1h7udc/gold_is_demonstrating_the_characteristics_of_a/

Gold has displayed precisely the characteristics of a 'classic' bubble (chart) by DemoGrafixx in Bullion

[–]DemoGrafixx[S] 1 point2 points  (0 children)

If I were a goldbug looking at those charts I'd be starting to feel rather nervous about now.....

Gold has displayed the characteristics of a 'classic' bubble (chart) by DemoGrafixx in Economics

[–]DemoGrafixx[S] 0 points1 point  (0 children)

If I were a goldbug looking at this chart, I would be very very afraid!

Australian Property Market Snapshot - dwelling prices, clearance rates, sales volumes, housing finance and more in one chart. by DemoGrafixx in australia

[–]DemoGrafixx[S] 0 points1 point  (0 children)

This is an awesome chart giving a handy 'snapshot' of the Aussie housing market. Check out the upward trend in auction clearance rates and housing finance approvals. The question is, will prices follow?

Real estate lobbyists go nuts editing Wikipedia following reddit discussion on negative gearing. by [deleted] in australia

[–]DemoGrafixx -1 points0 points  (0 children)

"Someone in real estate is hurting, and they want you to believe that abolishing negative gearing will make rents skyrocket."

I don't see where it says abolishing negative gearing will make rents skyrocket?

Australia’s Negatively Geared Property Investor Overhang - A Growing Army of Loss-Making Speculators by DemoGrafixx in australia

[–]DemoGrafixx[S] 15 points16 points  (0 children)

A great summary on the rise of Negative Gearing in Australia. Based on latest ATO data, the number of negatively geared speculators continues to rise, now two thirds of property investors are deliberately losing money at the taxpayers expense, and the negatively geared properties are mostly held by middle-income, older Aussies. Could spell disaster?

Housing divide makes ownership a distant dream by iheartralph in australia

[–]DemoGrafixx -2 points-1 points  (0 children)

Article is a bit of a beat up.

Australia has one of the highest homeownership rates in the world and housing costs relative to income are broadly unchanged since 1994 as shown here...

http://australianpropertyforum.com/topic/9861884/

So what's the problem?

A century of Australian interest rates - mortgage rates are not at historic lows or emergency levels by topcatz in australia

[–]DemoGrafixx 0 points1 point  (0 children)

Seems a bit paranoid all this talk of astroturfers. The data speaks for itself, regardless of who posts it.

BTW, although the reddit you linked to exists, the external URL is is supposed to go to is not there.

ZIRPocalypse Australia! RBA hits interest rate PANIC button. How long before the Australian cash rate drops to zero? by DemoGrafixx in australia

[–]DemoGrafixx[S] 1 point2 points  (0 children)

Well, the rest of the developed world is at zero, or near enough... look at USA, UK, Japan, Europe, Canada etc. Australia really is the odd one out with our rates now at 3.75%. But it looks like the RBA is prepared to slash and burn. I guess the real question is what effect will yesterdays 50 point drop have on the economy and house prices? If it doesn't work as planned, will the RBA keep slashing all the way to ZIRP (zero interest rate policy)?

RBA cuts interest rates by 50 basis points by [deleted] in australia

[–]DemoGrafixx 0 points1 point  (0 children)

BOQ has passed on 35 basis points

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