Knobby22
Mmmmmm 2nd breakfast
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Pressure to do nothing. NAB is very bearish.
RBA cash rate
- Thread starter grandia3
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so ... NAB is saying the Oz economy is expected to collapse , interesting
of course several other nations have much lower rates currently ... has Switzerland gone to negative , yet ?
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could be Blind Freddy leading the way no one knows it is all supposition until the bel tolls.
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I think the RBA is like the rest of us, wondering where we go from here, on our one trick iron ore pony. Lol
This is how stupid it has got.
www.perthnow.com.au
Obviously no one buying in Perth, has seen a resources downturn and collapse before. Lol
This is how stupid it has got.
The once-affordable suburbs now in the million-dollar club
Dramatic new figures show the proportion of homes now selling for a seven-figure price tag has more than doubled in three years amid the surging price of Perth real estate.
www.perthnow.com.au
Obviously no one buying in Perth, has seen a resources downturn and collapse before. Lol
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So all issues with real-estate too high will sort themselves neatly, as it was with 15% interest rates in the 1980s.I think the RBA is like the rest of us, wondering where we go from here, on our one trick iron ore pony. Lol
This is how stupid it has got.
The once-affordable suburbs now in the million-dollar club
Dramatic new figures show the proportion of homes now selling for a seven-figure price tag has more than doubled in three years amid the surging price of Perth real estate.
Obviously no one buying in Perth, has seen a resources downturn and collapse before. Lol
The recession we did not need to have but will for 2025...
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Well it is getting to the point, where young people can borrow to rent, borrow to buy, or borrow to start a business and live in the car, they just have to decide where they want to invest.
House, rent, or income, it all has a bad feel about it IMO
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I'm not convinced about a "technical" recession but I think a good portion of the population would say we've already had or are in one from a practical as lived experience.
Dona Ferentes
Did the Thessalonians write back?
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maybe for 'state of the economy' but met a young bloke today with Honours degree in Physiology; he was pressure-hose cleaning around the apartment block.
We commented, "you don't look like a tradie", and got the story. His parents hate that he's started a business .
Hard worker, keen, wants to get ahead; making more money than as wage slave.
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Well it certainly has that feel about it, as @Smurf1976 said, quite some time ago.
What will stop the feeling that they are going down the plug hole, for the young?
I was with my daughter yesterday and this morning, she is a bellwether for me, she just gets on with life and never complains.
This morning I asked her how she is travelling with money, she looked a bit a bit pensive and said she is looking for a second job.
That's hard for a deaf single mum, jobs aren't as easy to get, I'm monitoring it but can't get too involved or I'm torn another one.
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Yes, IMO that is one of the main problems, there is a guy that is using his obvious ambition and drive to get ahead and what has the system done to facilitate that? NOTHING.
They have spent heaps forcing him to do a degree, in something that he may well be great at, but there obviously isn't any work in that field, yet he obtained a debt to keep him off the unemployment statistics.
Meanwhile I've known guys, that left school at 15 and started an apprenticeship, they then, because of their obvious academic and intellectual ability achieved amazing things.
There is an old saying, everyone will achieve their level of incompetence, we are way too busy facilitating 50% of kids going to Uni to feed the sausage machine, while we import millions of tradespeople to build infrastructure.
We have a colossal problem, with a failed social experiment, that no one wants to address IMO.
This whole disaster started, when politicians decided that all the future jobs would be in technology, so every kid needs to goto uni.
Now 30 years later, we find that we have actually slid down the industrialisation index and we have less technical opportunities, than we had 30 years ago.
Meanwhile we don't have tradespeople, just another brain fart gone wrong IMO.
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Tell her to try trading stocks or derivatives as a side hustle lol. Just joking there. Few survive the desert / dark forest of active trading...
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Let me bring you another unpleasant perspective:
Yes the Australia of yesteryear is gone.
And with the new team in place, you have seen nothing yet
Now, back to the real world: in most western countries, people can not and have not for a very long time been able to afford a standalone house on a block of land near a big city.
Most Germans are renters f.e.
People live in flat, usually 1 or 2 bedrooms initially, 3 bedrooms in the late 30s with kids, 1 bathroom.
45 -50 square meter is considered a decent flat
Now what is the price of these units in Australia ?
And no, not the posh, elevator, swimming pool and gym complex with a view.
Then compare with the median income in Australia
Quite possible and yes 2 peoples must work
Yes we have had it much better in the past, part of the attraction of moving here for me.
We are just reverting to the mean , and considering the collapse of our real world economy : manufacturing, exports and technology, i believe we aren't still living far above our weight.
For info, i was moving my son in his first house last Friday, both him and fiancee working, both after Uni degree and buying on a mortgage with no help. ,$800+k , 3 bedrooms, one bathroom older house in established far suburb of Brisbane .
Note I disagree for a young couple to buy a ppor now,I would have kept renting and purchased a cheaper IP instead, but his life, his choice.
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Real world search less than 2 min ago
Post in thread 'The future of Australian property prices' https://www.aussiestockforums.com/t...australian-property-prices.17967/post-1332109
Post in thread 'The future of Australian property prices' https://www.aussiestockforums.com/t...australian-property-prices.17967/post-1332109
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What is sad IMO, is those who cheer on, the trajectory we are heading on.
A lot of the trajectory has been built on deception and lies IMO, many fortunes have been built on the outsourcing of manufacturing overseas and also the outsourcing of Government services and training, to private providers.
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with an experienced dad , dabbling in the market might not be a sad option , there are some mid-term trade strategies that are easy to learn ( and don't need three screens ) maybe even some solid div. paying stocks as a safety net ( long term investment )
ALSO if she learned the ( trading ) game , maybe some online blogs/videos might bring in some extra
she seems to have a calm demeanor ( not easily panicked ) that might be a solid edge
they is plenty to learn .. but she can take her time if needed
it may also be a good way to teach the child some real world maths helping mum
Dona Ferentes
Did the Thessalonians write back?
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The number: The Reserve Bank of Australia has stunned the market and economists by holding fire on a much anticipated rate cut and leaving the official cash rate on hold at 3.85 per cent.
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surprised but not stunned here ,
i am surprised they resisted so much pressure from various sources ( i heard of predictions of a 98% chance of a cut and some asking for a 0.5% cut )
i still think the RBA needs 5% ( plus ) so they have some wiggle-room , ready for the genuine crisis that must come ( from over-printing peers )
maybe my opinions on the RBA have been overly harsh in recent times .
unpleasant for many , sure .. but i fear much worse is to come
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Incomprehensible housing prices don’t need more fuel.
Good decision by the RBA.
Good decision by the RBA.
Anecdotal admittedly but I have heard a couple of people salivating at the thought of being able to have servicing levels to purchase another IP or two due to reduced interest rates.
