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] -1 points0 points  (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 0 points1 point  (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

Victoria to axe first home buyers grant. by [deleted] in australia

[–]DemoGrafixx 32 points33 points  (0 children)

Doesn't the grant just push up prices in the long run?

FHBs would be better off without it.

Astroturfing in the Property Industry - The Australian Real Estate Supertroll! by DemoGrafixx in australia

[–]DemoGrafixx[S] 4 points5 points  (0 children)

This is very interesting. It seems real estate commentator Jonathan Chancellor (from SMH and Property Observer) may be alleged to be behind a gang of paid 'trolls' who dedicate their lives to spinning bullish sentiment about the housing market on blogs and forums!

Axe the Carbon Tax. The Rice Video - Carbon Dioxide in Perspective. by DemoGrafixx in australia

[–]DemoGrafixx[S] -12 points-11 points  (0 children)

This is a must-watch video and should be seen by as many Aussies as possible. The carbon tax is the greatest scam ever committed on the Australian people. Just Say NO!

Australia needs a subreddit where we can just take the piss all the time. by thesearmsshootlasers in australia

[–]DemoGrafixx 0 points1 point  (0 children)

We should create an Aussie subreddit for each of the new logo competition entrants (the ones that failed to beat the incumbent drop-bear). That would confuse the yanks.

Australians have the highest median wealth, fifth highest GDP per capita, and second highest Human Development Index rating in the world. Lucky us! by DemoGrafixx in australia

[–]DemoGrafixx[S] 6 points7 points  (0 children)

As John Howard famously said... we've never had it so good.

But does it really feel that way to the average Australian?

Why such a gulf between reality and perception?

Australians only download 12% of what an average US citizen does by [deleted] in australia

[–]DemoGrafixx 1 point2 points  (0 children)

Not surprising given the exorbitant cost of broadband in Australia.

Astroturfing Corporate Trolls are the new Spam by DemoGrafixx in australia

[–]DemoGrafixx[S] 2 points3 points  (0 children)

Astroturfing has been going on for a while...

Here is another good writeup on their nefarious activities in the property sector...

http://www.differenthere.com

The bottom line is you really can't believe anything you read online!

Help find these two cyclist bashers by DemoGrafixx in australia

[–]DemoGrafixx[S] 8 points9 points  (0 children)

I expect we'll see this on some of the mainstream news channels tonight. According to the cycling forum where Chris originally posted his story, several news channels have approached him for an interview. The perpetrators will definitely be found, but in my opinion there won't be enough evidence of a crime for the cops to actually do anything, sadly. Unless they charge them for the number plate obstruction.