''Australian oz housing market holds sub-prime danger''

last SG · 2009-03-22T14:24:56+00:00

Seriously noisy pussy, you should look at things objectively and not abject hatred for Australians just because they deny you citizenship get in the way of...

angel7030 SG

grow up silly girl, the last i heard many are still waiting in line for a flat. many are still paying for the loan of their flat. In Australia, u ca nbuy a home anytime, anywhere instantly.

but i see beggars in sydney asking money from me, and some poor old souls in perth when i visited OZ. Hardly see one in Singapore.

Uncle, u might not know you are living in heaven here.

angel7030 SG

u singaporeans, always look in the short term. Pls understand that the way things work in Australia is not the same in Singapore. The govt collects the Taxes for income but does have a min wage. Effectively this money is from the rich and wealthy too but everything else is a free market over there. And it is not the 10th expensive country in the world like Singapore. With 10% GST, somethings like raw food and electronic goods are still cheaper than here. For 400K -700K ( the price of HDBs and condos in Sg) , u can own a home with a garage and backyard for life and for yr children. Cars are cheaper and u dont pay as much as conservancy charges, charges for Tv licence and such over there.

Me go knock yr head, we also dun hv min wages, and Ozies are buying electronic stuffs here, me drink tookay in pub is more expensive than here. We are expensive becos of our land price, do u know what is a little red dot or not? and even with our high std of living, we are among the top 2 most wanted places that expatriats are willing to come here to build there family, the second being sydney. The Oz are lucky to hv so much natural resources and British support all the way, if not, long long gone case liao, u know how lazy are Ozies or not, same same like lionnoisy, very lazy.

Worldlybusinessman SG

Ozzies buying electronic stuffs here? U must be kidding.

Look at the prices of laptops in ebay oz and they are much cheaper than what u find in singapore sucky Sim Lim square.

No beggars in singapore?. I see lots of them collecting cans and cardboards with no aid being received. The beggars in Oz still receive money from their govt but they beg because they spent it all on alcohol, cigs and drugs. U are really pissing me off little girl. U lack expereince in travelling and still live in school mentality.

To say on more, Australia is a member of united commonwealth nations

angel7030 SG

Ozzies buying electronic stuffs here? U must be kidding.

Look at the prices of laptops in ebay oz and they are much cheaper than what u find in singapore sucky Sim Lim square.

u never ozies buy 20 digital cameras here ar,...and they buy alot alot of CDs and DVDs too. Those going slim lim are not Ozies, these lazy fatty ozies likes to visit funnan only.

Aiyo, even the japanese are buying their own electronic products here.

angel7030 SG

Ozzies buying electronic stuffs here? U must be kidding.

Look at the prices of laptops in ebay oz and they are much cheaper than what u find in singapore sucky Sim Lim square.

collecting cards and cans are not beggars, and in the news some of these old peoples collecting it are rich old folks who got nothing to do just to get something to work on, it is good to do recycling jobs, me also collect cans for one old uncles whose son is the director of a top organisation.

Ozies just dun work due to welfare fund, which the govt is having a headache in removing it, it encouraged many to go jobless,

Worldlybusinessman SG

u never ozies buy 20 digital cameras here ar,...and they buy alot alot of CDs and DVDs too. Those going slim lim are not Ozies, these lazy fatty ozies likes to visit funnan only.

Aiyo, even the japanese are buying their own electronic products here.

I have got no explaination of this but u dont have facts and figures to state yr claims. Ebay in australia is cheaper than singapore shops

http://sgforums.com/forums/10/topics/298547

Worldlybusinessman SG

Ozies just dun work due to welfare fund, which the govt is having a headache in removing it, it encouraged many to go jobless,

They are not dumb, they just give u enough to survive every month . it is rather hard to survive with that money.

Worldlybusinessman SG

But seems like Singapore is the place with inflated cost, because you make 3 times less wages, yet the price of necessities cost the same when compared to Australia.

Compare the prices of necessitites sold in supermarkets of Australia and Singapore. Prices are more or less the same. Sometimes it's cheaper in Australia because the products (e.g. milk, pork, beef, lamb, rice, vegetables) we consume are local produce there, so it does not incur shipping and freight charges, which adds to the price of product.

Woolworths Supermarket (Australia)
Sunrice Sunwhite Calrose Rice 5kg: AU$ 9.53

Australian Pork Roast Shoulder Boned & Rolled Min 1.5kg = AU$8.99

Cold Storage Supermarket (Singapore)
Calrose Australian Calrose Rice 5kg = SG$9.50 (Enter: Start Shopping, Grocery + Rice)

Rolled Pork Loin Rind On 1kg = SG$26.90 (Enter: Start Shopping, Meat + Pork)

You can maybe do the other comparisons and tell me which product is more expensive in Australia as compared to Singapore.

As for mobile charges, I compared Optus and Singtel the last time, they are more or less similar. *note: there is skype service in Australia which lets u talk for 4000 mins free, basically u get a better deal in australia with the phone free , around $29-49 monthly charges and $150 upwards worth of free calls)

So your speculation that prices in Australia would cost 3 times as more when compared to Singapore does not hold.

Singapore affordable??? The stuff you using must be damn good.

Lower taxes does not imply affordability when your wages are 3 times lower than an equivalent GDP per capita country.

Worldlybusinessman SG

and please dont talk to me about expatriates coming to singapore to live . they come because they are pretty established and have lots of money to settle down, do business here or to avoid taxation ect. Ordinary singaporeans are not expatriates.

angel7030 SG

I have got no explaination of this but u dont have facts and figures to state yr claims. Ebay in australia is cheaper than singapore shops

http://sgforums.com/forums/10/topics/298547

Uncle, everything in the nets is of course cheaper lah, there is no tax, no third party, no agents...sure cheaper lah, but online shopping is pay first and get the product later, we gals dun like online shopping, and especially most gals got cheated on beauti products etc etc. We prefer live

Worldlybusinessman SG

go to hell, the world is not about yr beauty products and we certainly dont give a sh*t about your beauty products.

In Ebay australia, u lodge a complaint about the seller, at most times they will refund u the money. Paypal Aus is subject to consumer laws.

angel7030 SG

go to hell, the world is not about yr beauty products and we certainly dont give a sh*t about your beauty products.

In Ebay australia, u lodge a complaint about the seller, at most times they will refund u the money. Paypal Aus is subject to consumer laws.

you go to hell, if online shopping could take off, long long all shops close already. So what u lodge a complaint, why not spend a nice evening shopping with love ones.

fishbuff1 SG

No.Oz gavaman just gave 14,000 if u buy old house and 21,000 for new

house.Oz gavaman just pick developers as winner.

u can read from opening post that this scheme creates a bubble of 28 billion!!

PM Rudd sure have many developers as gold buddies!!

read here

http://www.pm.gov.au/media/release/2008/media_release_0550.cfm

First home buyers will be eligible for grants of up to $21,000 under a decisive Rudd Government initiative designed to stimulate housing activity and give first home buyers a better chance in the housing market.

More than 150,000 first home buyers are estimated to benefit from the time-limited scheme.

Under the First Home Owners Boost:

First home buyers will be eligible for the First Home Owners Boost from today (14 October, 2008).

All contracts entered into by 30 June, 2009 will be eligible for this new additional assistance.

The Rudd Government will invest around $1.5 billion in the housing market over 2008-09 and 2009-10 through this initiative.

Mortgage rate can kill you

many frens here buy oz $$ for high interest rate.But it is the bad news for

loan borrowers.They have to pay higher rate ,compared with SG HDB or private

home buyers.HDB rate is 2.6% and below 3% for private houses.

Oz is much higher.Sit down can calculate the rate and the inflation etc

Think if the so called higher gross salary,higher tax and interest rate,

worth better welfare and the name of big country!

a 2% point of rate for A$200,000 loan make u pay $333 extra per month

in interest.

a 3 % is $500 pm etc.

Can the higher salary cover the tax and the extra interest rate.

Of course,in life,u cant juts calcualte dollar and cents so details.

But i think u have to know the details before u jump ship.

a 8 to 9 % interest rate,which just happened in 2008,

is no joke.

http://www.loanmarket.com.au/ratewatch.htm

just in additional interest,compared with lower rate in SG!!

http://www.loanmarket.com.au/ratewatch.htm

the 100% loan worry me very much.

daily panel rates update fixed rates (from)* 4.99% variable rates (from)* 5.04% honeymoon (from)* 3.99% maximum lend 100% click here for ratewatch

i have spotted at least 10 spelling errors and these words are frigging simple to spell.

surely u are a PRC, arent you? your standard of english is absolutely horrendous. impossible of any sg tom, dick and harry.

lionnoisy SG

Very few of u just know the good sides of oz.

Pl take a balanced view.Almost all oz states need to borrow $$ to survive.

i dunt want my kids become a indirect debtors instantly once they become

a oz citizen.This is better when u are a indirectly shareholders

of Temasek and GIC with current NET assets well over US $ 200b,

though dropped one third in last year.NVM.SG no need to borrow

$$ to survive yet.Thanks God!!

The Australian

All state and territory budgets are in deficit, but Queensland's borrowing needs eclipse those of the others, reaching $32.5billion over the next four years, with the latest estimate suggesting $8 billion will be needed in 2009-10. This does not include the state-owned corporations, which require a similar amount.

State government finances have been a casualty of the federal guarantees offered to banks for their wholesale funding. Many of the traditional investors in state government bonds have been lured by commonwealth-guaranteed bank bonds.

State governments used to pay 0.5 percentage points more interest on their bonds than the commonwealth government. This has blown out to as much as 1.5points since the commonwealth started guaranteeing the bank debts, and Queensland's credit rating was downgraded.

"All the states have been affected to some extent by the market reaction to the Queensland ratings downgrade in terms of increases in the spread between state government bonds and commonwealth government securities," NSW Treasurer Eric Roozendaal told The Australian.''

pl read more here

Credit rating of Queensland and Tasmania now rated at AA+

fishbuff1 SG

lionnoisy said; "

..i dunt want my kids become a indirect debtors instantly once they become

a oz citizen.This is better when u are a indirectly shareholders.."

ahh.. another freudian slip. :)

lionnoisy SG

lionnoisy said; "

..i dunt want my kids become a indirect debtors instantly once they become

a oz citizen.This is better when u are a indirectly shareholders.."

ahh.. another freudian slip. :)

Ai Ya .I am caught by u again.

Emotionally,who dunt want to be a big AND good country?

But logically,who dunt need to be prudent before u jump aeroplane

with your family?Any wrong decision will make your familt suffer for life!!

2.Heavy debts of oz states

http://www.aph.gov.au/senate/committee/sgfm_ctte/report/c03.htm

Ferderal debts is very low,but states debts amounts to 10% of oz GDP!!

i hate the place i stay need to borrow to pay salary for police,

teachers ,doctors,nurse and soldiers.I really hate it.

Therefore,i still stay in this tiny little red dot NET debts free and

slum free city state!!With so many stimulus plan suggested

by PM RUDD,states need to print IOU to survive!!

lionnoisy SG

u are right to caluculate these small sums.

But dunt forget to calculate the big burden--the house loan.

Have u check the rates differences ?How easy to sell house in Oz?

The 2 and above % point in mortgage rate can off set the majority

of the so called higher salary.

Education

How is the system?Are good schools very expensive?How mUch?

Health service

some hospitails run out of basic stuff?wat happen?

Crimes

...................

etc etc

If u want to migrate,set your priority right------education,job,freedom,

safety,..

Dunt forget the higher mortgage rate will kill u.

SG HDB is very lenient if u cant pay monthly instalment,

so long u talk to them and do somethings.

lionnoisy SG

Do u migrate to a better run country or a worse run one?

I agree that u have to look at the whole picture.

We cant decide one one sigle factor.Right?

so lets look at one by one---First oz CPF style Superannuation Fund.

I cant believe my eyes.How can they run this sys in 1960's era technology?

''According to Rice Warner Actuaries, most workers would be surprised to know their super contributions can take up to 81 days after pay day to hit their super accounts.

"I bet you'd be shocked to hear that every rollover fund is sent with a cheque and paperwork, or that every day at 11am, all the funds send a fax to fund managers saying what the inflows and outflows are," Rice Warner director Michael Rice said. "Who uses a fax these days?"''

Old super system leaves $56bn in post

@@@@@@@@@

In singpore,CPF will fine employer if they dunt receive employer's

contribution on the 14 th day of the immediate following month!!

Thats SG 14 days v oz 81 days!!

will4 SG

How come more n more of my local fren tell me not to take local citizenship?

Worldlybusinessman SG

Research shows that what is important for a country to thrive is its social policies and and its dependencies like Security, economy, laws and education. Australia has this magic link. There are lots more migrants of multi cultural ethnic origins who come there to make a living. And the country is still moving... Unlike Singapore, i have heard from some people (FT ) who had a stay in singapore and gained a PR in Australia . Apart from government policies, they stated reasons such as lack of rights, rude workplace behaviour, lack of foresight among managements, and most importantly lack of maturity,awareness and persistent selfishness among workers in singapore.

A country like singapore can excel in administrative , management and implementation but it lacks the drive in social policies, workplace culture, maturity and awareness. lionnoisy, there are lots more people living in Australia and they have shortage of workers. So such administrative lapse can be understood.

and F$ck u lionnoisy, U wan to diss something be fair.

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