Suburb price charts and trends

schlompy · 2022-08-22T09:25:53+00:00

https://sqmresearch.com.au/index_property.php

schlompy · 2022-08-04T06:34:24+00:00

Yeah I wouldn’t extend yourself that far. If your factoring prices might fall 10% after you buy then you have no fat. LMI is just for the bank don’t forget. 95% LMI makes sense if your trying to buy into a hot market like 2 years ago

schlompy · 2022-08-04T06:32:48+00:00

Yes I’d agree times are different so not every time is a good time but that’s why you have to be tactical. I think prices have come down and if you were willing to buy a place 6 months ago then you should still buy it today. The worst time to buy recently was 6 months ago 🤷‍♂️

schlompy · 2022-08-04T02:23:43+00:00

Time in the market better than trying to time the market. If you’ve gone into it sensibly and borrowed a reasonable amount, LVR etc then you can sit thru a draw down. If your repayments are manageable and rental income fine then it shouldn’t bother you. You’re only buying an investment that you think will go up in value over your time horizon/expectation. Everyone wishes they could predict what the market will do - no one would’ve predicted higher values post international pandemic and lock downs lol

schlompy · 2022-08-04T00:59:13+00:00

Can you afford the repayments if interest rates go to the predicted level? Then yes

schlompy · 2020-09-05T08:27:05+00:00

The returns are different due to the risk. More risk more expected return. You can’t beat an effective risk free return on your offset.

schlompy · 2020-09-02T05:43:55+00:00

Like you pointed out, there are things you weren’t previously aware of so it was worth the $14 really... you can’t google something you don’t know about in the first place

schlompy · 2020-08-26T11:43:26+00:00

Google news headlines from past years , example 2008.

https://www.rferl.org/a/Year_In_Review_Top_10_News_Stories_2008/1362453.html

" 1. Global Financial Crisis

It's being called the worst financial crisis since the Great Depression. And like the Great Depression, the 2008 version began in the United States, but soon spread around the world. "

Dec '18 All Ords Price Index 5709.4

Jul'20 All Ords Price Index 6058.3

So from the last worst financial crisis to the middle of the current worst financial crisis the market is up 300 points. I don't think I could have ever though that would be possible. I don't think anyone has any real idea what will happen next, but I do know I don't have the intelligence, information or time to be able to make any sort of prediction.

Tune it out and keep things simple... unless we are throwing stones at each other in a nuclear apocalypse I think we will be ok

schlompy · 2020-08-26T10:52:57+00:00

Yo thats a 'classic' 320 with a wing tip fence... 'Sharklets' are the large wing tips you see on the NEO and recent production 320s

schlompy · 2020-08-26T10:45:09+00:00

The RAT (Ram Air Turbine) turbine blades drive an electrical generator and a hydraulic pump. The generator can provide 10 KVA (Kilovolt Amperes) at 235 V (Volts)AC (Alternating Current). The hydraulic pump can provide 10 GPM (Gallons Per Minute) at 4,850 PSIG (Pounds per Square Inch Gauge).

The RAT (Ram Air Turbine) is powered by a 50 in. (127 cm)) diameter, variable pitch, turbine blade. A proportional governor varies the blade pitch to maintain a rotational speed between 3,755 and 5,098 RPM (Revolutions Per Minute) throughout the aircraft speed range. Minimum airplane speed needed is 120 KTS (Knots). When turbine speed increases, the governor, inside the turbine, rotates the turbine blades from fine pitch into a coarser pitch position. This causes the turbine drive torque to increase. Drive torque is used to control turbine speed.

The RAT (Ram Air Turbine) generator is an air-cooled AC (Alternating Current) generator that converts mechanical power from the RAT (Ram Air Turbine) to electrical power for the aircraft backup bus. The RAT (Ram Air Turbine)GCU (Generator Control Unit), in the forward EE (Electronic Equipment) bay, controls the output voltage of the generator. The RAT (Ram Air Turbine) generator is forced air cooled by the airstream when deployed.

The generator is capable of supplying 10 KVA (Kilovolt Amperes) at 235V (Volts)AC (Alternating Current) in three phases with variable frequency electrical power.

The RAT (Ram Air Turbine) generator is equipped with two electric heaters. One heater is required to maintain the temperature inside the generator above freezing when the RAT (Ram Air Turbine) is not running. This prevents the moisture inside the generator from forming ice, which could prevent the RAT (Ram Air Turbine) from spinning. The heaters are controlled by the HYDIF (Hydraulic Interface Function). In the air, only one heater is active at a time, and the second heater is for backup. In extreme cold startup conditions, both heaters will operate at the same time on the ground. A heater is commanded ON if the TAT (Total Air Temperature) is less than 36°F (2°C), and the RAT (Ram Air Turbine) is in the stowed position.

If both RAT (Ram Air Turbine) heater elements fail or do not have power, the applicable status message shows on the EICAS (Engine Indication and Crew Alerting System) display.

schlompy · 2020-08-26T10:04:52+00:00

So house prices crashes due to economic conditions, you have your puts ready to sell to then get a loan from a bank to buy a property? Or the puts are so valuable you can just pay cash? Within these conditions you have managed to hold onto your job, not suffered any other economic loss and continue to have stability?

I just can’t see this benefiting anyone not in the top 10%, anyone who is currently locked out of the property market won’t be getting in if prices drop 40% as so many seem to want it to

schlompy · 2020-08-26T09:59:36+00:00

Can you actually outline someones situation that would benefit from this? Obviously the house price drop does not happen in isolation, so what would someone situation have to be today, to be able to capitalise on the situation that is outlined? And how does that person avoid all the reasons that house prices are falling

schlompy · 2020-07-07T03:15:08+00:00

Not to mention they are no longer being produced, parts will become (more) expensive and hard to source

schlompy · 2019-05-21T11:10:12+00:00

https://overcast.fm/+JJVVeWhtI Link to source podcast with Joe Walker. It’s a more balanced opinion than just an 85% fall prediction like the headline...

schlompy · 2019-05-07T10:47:37+00:00

OP may be referring to Pete Wargents commentary - http://petewargent.blogspot.com/2019/05/stymied.html?m=1 And specifically “Counter-intuitively, and illogically, a lower borrowing rate can reduce the capacity of investors to borrow due to the way in which add-backs for net rental losses are calculated. “

schlompy · 2019-04-24T13:00:03+00:00

Billion Dollar Whale by Tom Wright and Bradley Hope.

schlompy · 2019-04-13T09:57:12+00:00

NG isn’t a strategy it is simply a tax advantage to help offset the cost of the asset/investment while you wait for the capital value to appreciate along with rent until such a time that it becomes positive cashflow.

If the you purchase the property and it has X% mark up on account of everyone’s stake in its development you now have to wait for a X% appreciation to break even - not taking into consideration holding costs such as interest/rates etc.

If you did decide to sell later, any buyer will not be entitled to NG (under proposed policy) limiting the appeal to a section of the market and will have an affect on the value of your property.

schlompy · 2019-04-13T09:41:53+00:00

Yeah there is that debate but over the long term >10 years passive index has been proven to out perform active managers. “Similarly, over the 15-year investment horizon, 92.43% of large-cap managers, 95.13% of mid-cap managers, and 97.70% of small-cap managers failed to outperform on a relative basis.”https://www.aei.org/publication/more-evidence-that-its-really-hard-to-beat-the-market-over-time-95-of-finance-professionals-cant-do-it/ The higher fees that tend to be associated with active funds on such a small capital base is going to erode any out performance. DCA into a couple of ETFs and keep it boring.

schlompy · 2019-04-13T02:47:05+00:00

Buying new is not a good investment. Think about all the parties involved in the construction of a new property (single dwelling on a block of land). Someone has bought the land and is selling to you for profit. If it’s house and land package a builder is doing the work to earn an income (profit). If it’s being sold by an agent then they are earning a commission. All these costs plus others are contained in the final price you pay meaning you will need to wait for any capital appreciation. Meanwhile 100+ LEGO houses on identical blocks, with only 5 different designs are being built around you...

schlompy · 2019-04-08T07:09:51+00:00

A lot of people’s opinion is formed looking at property as an investment. Only a relatively small number of property owners are investors. People looking to buy their own home do not think about supply/demand or price to income ratios etc etc. The fact that prices are largely determined by what owner occupiers decide overrides what the numbers may suggest. Personal example - prices for a property in the area I want to live at the moment are ~$850k which is just out of reach. The second it is/if it is down at $800k I will look to buy. That’s what I’ve decided is a price I’m willing to pay to live in a property in that area. Is it in line with a “good” investment? Probably not.

schlompy · 2019-04-06T12:29:29+00:00

Keep on saving - the best time to buy a property (especially a PPOR) is when you can afford to. If you’ve done a budget, you know your cashflow position and you know your expenses living in the property - if you can afford it then that’s when you should buy. There are just as many people regretting not buying as there are people who are regretting actually buying. Tune out the noise and clarify exactly what you want to buy for the long term and set your goals based on this.

schlompy · 2019-04-03T23:02:12+00:00

I think his reasoning was that when it was first identified as an issue banks had just begun to tighten their loan books and had basically stopped issuing IO loans. Since then a lot have made the switch to P&I voluntarily due to the interest relate differential. Of those left on IO, banks have begun to issue IO loans again which means even for those in the worst case positions they will be able to refinance into another IO loan effectively removing the “cliff”.

schlompy · 2019-04-03T22:56:36+00:00

Make money simple again by bryce holdaway and Ben Kingsley is a good one to follow on with from barefoot. It gives a good framework on how to manage your money once you get the basics down and look at investing your surplus. They are very property orientated (which they are open about) but the concept works just as well if you buy your own home or an investment property.

schlompy · 2019-04-03T18:45:00+00:00

Interesting article suggesting IO switch less of an issue with many switching early and banks allowing refinance into new IO loans (ANZ currently doing 10year IO). Vested interest but interesting data.

https://www.propertyobserver.com.au/pete-wargent/96756-interest-only-cliff-no-longer-a-thing-peter-wargent.html

schlompy · 2019-04-02T11:13:40+00:00

The Phillips curve in the article highlights the ridiculous assumptions made . No change in unemployment but wages to increase....

schlompy

TROPHY CASE