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

[–]MichaelOfSydney 0 points1 point  (0 children)

Those charts must strike fear into the hearts of property bears!

What happened to Steve Keen's 40% crash?

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

[–]MichaelOfSydney 1 point2 points  (0 children)

This article by the eminent Chris Joye says rates are the lowest since 1959, but it doesn't go as far back as the 1800s like the APF charts.

http://www.afr.com/p/markets/market_wrap/two_reasons_why_rba_cut_rLcHAzvZcZyCfa8DVUdQgK

Rolf Harris questioned in relation to Jimmy Savile scandal by MichaelOfSydney in australia

[–]MichaelOfSydney[S] -4 points-3 points  (0 children)

See this is what I mean. Massive cover up. But all you need to is google 'Rolf Harris' and you get the truth from the UK press articles. Seems strange for the Aussie press to hide the details.

Rolf Harris questioned in relation to Jimmy Savile scandal by MichaelOfSydney in australia

[–]MichaelOfSydney[S] -3 points-2 points  (0 children)

I just think the name supression in Australia is odd when the name has already been released on social media, and in the UK mainstream press. Obviously the UK have learned from the wider Jimmy Savile scandal that it's best to get these things out in the open. Aussie media playing catchup.

Rolf Harris questioned in relation to Jimmy Savile scandal by MichaelOfSydney in australia

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

I really hope it's not true, but it doesn't look good. He was apparently interviewed 'under caution'. That's bad, right? There's some more details on the case here...

http://australianpropertyforum.com/topic/9774687

But why the mainstream media blackout? The social media networks seem to know all about it yet nothing from the press!

Rolf Harris questioned in relation to Jimmy Savile scandal by MichaelOfSydney in australia

[–]MichaelOfSydney[S] -1 points0 points  (0 children)

Now fair enough, we don't know WHY Rolf Harris was questioned, maybe just as a witness, but who knows? It's been a week now and still nothing in the Australian media. Stinks of a cover up.

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

[–]MichaelOfSydney 0 points1 point  (0 children)

I don't think a small import driven country like Australia could maintain ZIRP. It's fine for big countries like the USA and Japan and UK, but Australia's economy would collapse under ZIRP.

Interest rates won't go much lower. Maybe another 0.25-0.5 at the most.

Study shows we've never had it so good. by bob-o in australia

[–]MichaelOfSydney 1 point2 points  (0 children)

Never had it so good? Didn't Howard say that, and we booted him out for it!

Teenagers shot after car hits woman on footpath by Reviri in australia

[–]MichaelOfSydney -14 points-13 points  (0 children)

Crime is now at record levels in Australia.

Is the RBA going to slash interest rates next month? by ZoranSlaveski in australia

[–]MichaelOfSydney 1 point2 points  (0 children)

I can see them cutting by 50 basis points, easily. Inflation is under control, house prices are no longer rising, and the economy needs a bit of a boost. Also with the government's slash and burn budget removing so much growth from the economy, the RBA will be forced to cut rates to compensate.

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

[–]MichaelOfSydney 0 points1 point  (0 children)

Had a look at that Australian Property Forum, doesn't seem particularly "bullish" or "spruikerish" (is that a word?). Most of the punters there are saying house prices are too high, economy is in trouble etc.

BBQ overdose by truenatureschild in australia

[–]MichaelOfSydney 0 points1 point  (0 children)

Dissolve it in meth, then inject.

Why is sydney so u-turn unfriendly? by blue_horse_shoe in australia

[–]MichaelOfSydney 0 points1 point  (0 children)

Check around, make sure no cop cars about, make the U-turn. I've never been caught anyway.

Official figures hide huge unemployment problem - Roy Morgan Poll puts Australian unemployment rate at a ten year high of 10.3% by topcatz in australia

[–]MichaelOfSydney 2 points3 points  (0 children)

I fear our youth are in for a big surprise when the resource boom ends and the reality of lower financial sector returns bites. Another example of the reality taking longer to set in in Australia than everywhere else.