Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > Non Ford Related Community Forums > The Bar

The Bar For non Automotive Related Chat

Reply
 
Thread Tools Display Modes
Old 07-12-2018, 02:48 AM   #811
snap0964
FF.Com.Au Hardcore
 
Join Date: Feb 2005
Posts: 830
Default Re: Australia housing bubble

Quote:
Originally Posted by hayseed View Post
Correct.. & the Aussie Gooberment doesn't have big Budget Surplus to help us ride it out this Time..
I reckon We're in for a Hard Landing, next Time..
ScoMo and Friedy might deliver a surplus come 2Apr - too little too late I'd think, the damage will already be done. But then they might be doing a Wayne Swan, or it might end up a belated April fool joke.

I've got a good idea - let's put in a Mining Tax - we'll rake the $$$ in
snap0964 is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 07-12-2018, 07:00 AM   #812
Work Horse
Budget Racer
 
Work Horse's Avatar
 
Join Date: Dec 2004
Location: Melbourne
Posts: 1,764
Default Re: Australia housing bubble

Quote:
Originally Posted by snap0964 View Post
ScoMo and Friedy might deliver a surplus come 2Apr - too little too late I'd think, the damage will already be done. But then they might be doing a Wayne Swan, or it might end up a belated April fool joke.

I've got a good idea - let's put in a Mining Tax - we'll rake the $$$ in
Important to distinguish between a Government deficit/surplus for a fiscal year and total Government debt accumulated over several years.

Politicians will try and confuse the two to make themselves look good.

Government debt (the amount we have to pay back) was at $174.5 billion in September 2013. Government debt is now about $341 billion. So both major parties have run up this debt.

Is Government debt a good thing or a bad thing?

Ask 5 different economists you will get 6 different answers.

IMHO the housing bubble is deflating. How fast and far it will deflate is the reason this thread is still going.....
__________________
12.1@112Mph 285rwkw on n2o Cleveland Power
Work Horse is online now   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 07-12-2018, 10:14 AM   #813
zipping
FF.Com.Au Hardcore
 
zipping's Avatar
 
Join Date: Jul 2009
Location: melbourne
Posts: 3,293
Default Re: Australia housing bubble

Quote:
Originally Posted by Work Horse View Post
IMHO the housing bubble is deflating. How fast and far it will deflate is the reason this thread is still going.....
Potentially, things could get ugly imo.

Risk for small business is especially horrendous.

And the government is making that risk worse and worse. Electricity prices through the roof. Taxes upon taxes, mostly crazily levied on inputs. Red tape exploding. Green tape exploding even worse.
zipping is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 07-12-2018, 10:54 AM   #814
Work Horse
Budget Racer
 
Work Horse's Avatar
 
Join Date: Dec 2004
Location: Melbourne
Posts: 1,764
Default Re: Australia housing bubble

Quote:
Originally Posted by zipping View Post
Potentially, things could get ugly imo.

Risk for small business is especially horrendous.

And the government is making that risk worse and worse. Electricity prices through the roof. Taxes upon taxes, mostly crazily levied on inputs. Red tape exploding. Green tape exploding even worse.
I'm in small business 20 years now, it's always "swings and roundabouts" with the economy you have to ride it out.

Our governments have some levers they can pull which effect Australias economy, including housing. Australia is a small player in the world economy. Our economy is influenced more by factors outside the Australian Governments control.IMHO
__________________
12.1@112Mph 285rwkw on n2o Cleveland Power
Work Horse is online now   Reply With Quote Multi-Quote with this Post
Old 08-12-2018, 02:19 AM   #815
snap0964
FF.Com.Au Hardcore
 
Join Date: Feb 2005
Posts: 830
Default Re: Australia housing bubble

Quote:
Originally Posted by Work Horse View Post
Important to distinguish between a Government deficit/surplus for a fiscal year and total Government debt accumulated over several years.Politicians will try and confuse the two to make themselves look good.
That's why ScoMo is crowing it'll be the first surplus in over 10 yrs.
Quote:
Originally Posted by Work Horse View Post
Government debt (the amount we have to pay back) was at $174.5 billion in September 2013. Government debt is now about $341 billion. So both major parties have run up this debt.
I thought the overall debt now was estimated to be closer to $500 billion.
Quote:
Originally Posted by Work Horse View Post
IMHO the housing bubble is deflating. How fast and far it will deflate is the reason this thread is still going.....
Well Stuart Wemyss seems to think otherwise, he has been pretty accurate in the past, https://www.prosolution.com.au/calli...e526c8e9e59ac7
snap0964 is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 08-12-2018, 02:46 AM   #816
MITCHAY
FF.Com.Au Hardcore
 
Join Date: Apr 2005
Location: Canberra
Posts: 9,816
Default Re: Australia housing bubble

Yep it might be a budget surplus but we are still about $500 billion in the hole.

Low rates are very good for me. Not sure it works for everyone else or country though.

These idiots only care about politics though rather than make things better for ordinary people.
MITCHAY is offline   Reply With Quote Multi-Quote with this Post
2 users like this post:
Old 08-12-2018, 06:08 AM   #817
prydey
Rob
 
prydey's Avatar
 
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 15,771
Default Re: Australia housing bubble

Quote:
Originally Posted by MITCHAY View Post
Low rates are very good for me. Not sure it works for everyone else or country though. .
If rates go up, spending will likely go down, which is no good for the economy. Would likely also cause an increase in govt spending (dole, subsidies etc).

It makes no sense that Australia has some of the highest rates in the world for utilities etc.
__________________
SZ TS DIESEL RWD
prydey is online now   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 08-12-2018, 07:10 AM   #818
Charliewool
Snoozing away in Summer Bay
Donating Member3
 
Charliewool's Avatar
 
Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 8,004
Default Re: Australia housing bubble

Quote:
Originally Posted by prydey View Post

It makes no sense that Australia has some of the highest rates in the world for utilities etc.
It’s because we are willing to cop it!.. “she’ll be right mate”, off to work we go!
Have a whinge down the pub over a beer about it, (or on a forum!)... and that’s as far as it goes!
We are a nation of friggin masochists, I swear!
Meanwhile the “elected ones” pull their snouts out of their troughs just long enough to vote “aye” to some BULL **** motion that benefits either themselves or friggin minority factions!
Watch France this coming weekend.... This is going to be scary stuff!!
But at least they have the balls to stand up to their government and say “enoughs enough”!!
It’ll NEVER happen in Oz though, because we somehow enjoy being bent over and reamed!!
Pura Vida...
__________________
Current vehicles.. Yamaha Rhino UTV, and boring Lhd RAV4
Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD
Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD
2 wheels.. 2015 103ci HD Wideglide.. SOLD
SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida!
(Ex Blood Orange #023 FPV Pursuit owner : )

Last edited by GasOLane; 08-12-2018 at 09:09 AM.
Charliewool is online now   Reply With Quote Multi-Quote with this Post
4 users like this post:
Old 08-12-2018, 10:30 AM   #819
Franco Cozzo
Misanthropist
Donating Member3
 
Franco Cozzo's Avatar
 
Join Date: Aug 2009
Location: Kentry Victoria
Posts: 35,444
Default Re: Australia housing bubble

Quote:
Originally Posted by Charliewool View Post
It’s because we are willing to cop it!.. “she’ll be right mate”, off to work we go!
Have a whinge down the pub over a beer about it, (or on a forum!)... and that’s as far as it goes!
We are a nation of friggin masochists, I swear!
Meanwhile the “elected ones” pull their snouts out of their troughs just long enough to vote “aye” to some BULL **** motion that benefits either themselves or friggin minority factions!
Watch France this coming weekend.... This is going to be scary stuff!!
But at least they have the balls to stand up to their government and say “enoughs enough”!!
It’ll NEVER happen in Oz though, because we somehow enjoy being bent over and reamed!!
Pura Vida...
Enjoy the prostate massage on behalf of the Government, makes the finger experience at the doctor much easier
__________________
Pro single use plastic bag
Anti environmentalism
#vegan
Franco Cozzo is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 08-12-2018, 11:39 AM   #820
prydey
Rob
 
prydey's Avatar
 
Join Date: Sep 2006
Location: Woodcroft S.A.
Posts: 15,771
Default Re: Australia housing bubble

Quote:
Originally Posted by Charliewool View Post
It’s because we are willing to cop it!.. “she’ll be right mate”, off to work we go!
Have a whinge down the pub over a beer about it, (or on a forum!)... and that’s as far as it goes!
We are a nation of friggin masochists, I swear!
Meanwhile the “elected ones” pull their snouts out of their troughs just long enough to vote “aye” to some BULL **** motion that benefits either themselves or friggin minority factions!
Watch France this coming weekend.... This is going to be scary stuff!!
But at least they have the balls to stand up to their government and say “enoughs enough”!!
It’ll NEVER happen in Oz though, because we somehow enjoy being bent over and reamed!!
Pura Vida...
I don't think rioting is the answer.
__________________
SZ TS DIESEL RWD
prydey is online now   Reply With Quote Multi-Quote with this Post
Old 08-12-2018, 12:47 PM   #821
mcflux
Fordless
Donating Member1
 
mcflux's Avatar
 
Join Date: Dec 2004
Posts: 8,270
Default Re: Australia housing bubble

Quote:
Originally Posted by Franco Cozzo View Post
Enjoy the prostate massage on behalf of the Government, makes the finger experience at the doctor much easier
Finger?
__________________
Previous: 1982 XE GL 3.3: 5 speed || 1991 EB Ghia 5.0: Vortech, Tiptronic, 4.11s, 232rwkw || 1995 EF GLi 4.0 wagon: LPG || 2006 BF Fairmont 4.0: JTG LiLPG
Now: 2016 Hilux SR HiRider
mcflux is offline   Reply With Quote Multi-Quote with this Post
This user likes this post:
Old 08-12-2018, 12:53 PM   #822
Franco Cozzo
Misanthropist
Donating Member3
 
Franco Cozzo's Avatar
 
Join Date: Aug 2009
Location: Kentry Victoria
Posts: 35,444
Default Re: Australia housing bubble

Quote:
Originally Posted by mcflux View Post
Finger?
Tuck your knees up and face the wall

In she goes!
__________________
Pro single use plastic bag
Anti environmentalism
#vegan
Franco Cozzo is offline   Reply With Quote Multi-Quote with this Post
Old 08-12-2018, 01:10 PM   #823
.:4:.
Kicking back
 
Join Date: Dec 2013
Location: Western sydney
Posts: 3,890
Default Re: Australia housing bubble

Yeah utilities arent the cheapest, im not going to elaborate on that and open a can of worms. But technology has come leaps and bounds making things cheaper to be more energy efficient. For example a 35w downlight kit costs $6 wholesale, but an 8w led down light costs $8 wholesale. So the immediate cost is slightly more, but for the added life span of the led fitting youre looking at 5 or 6 replacement halogen dichroics over a few years and the extra power consumption, so cheaping out in the short term costs more in the long run. Granted a house with downlights has more then one, but that means the savings multiply. Its just being proactive not making yourself sound like a victim.
__________________
Good ideas are only good if you remember them
.:4:. is offline   Reply With Quote Multi-Quote with this Post
Old 08-12-2018, 01:18 PM   #824
Charliewool
Snoozing away in Summer Bay
Donating Member3
 
Charliewool's Avatar
 
Join Date: Jan 2005
Location: Ojochal, Costa Rica (Pura Vida!)
Posts: 8,004
Default Re: Australia housing bubble

Quote:
Originally Posted by prydey View Post
I don't think rioting is the answer.
I never said rioting was the answer!
I see their government has back peddled pretty smartly on the proposed diesel tax though?... Power of the people?
__________________
Current vehicles.. Yamaha Rhino UTV, and boring Lhd RAV4
Bionic BF F6... UPDATE: Replaced by Shiro White 370z 7A Roadster. SOLD
Workhack: FG Silhouette XR50 Turbo ute (11.63@127.44mph) SOLD
2 wheels.. 2015 103ci HD Wideglide.. SOLD
SOLD THE LOT, Voted with our feet and relocated to COSTA RICA for some Pura Vida!
(Ex Blood Orange #023 FPV Pursuit owner : )
Charliewool is online now   Reply With Quote Multi-Quote with this Post
Reply

Thread Tools
Display Modes

Forum Jump


All times are GMT +11. The time now is 12:28 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL