''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...

Worldlybusinessman SG

u keep track the followings then u know wat are the meaning of

livable.Shooting almost every day in a city 4 to 7 million

is a way of life in oz.

u cal it livable??

http://www.police.nsw.gov.au/news

www.police.vic.gov.au/

I am living in melbourne fro years and i have never seen a shooting. Dont take the average statistics and shove it in our faces.

Fark yr mum and sis lionoisy

lionnoisy SG

PM Rudd and his officials is able convince oz people that oz can weather the crisis.

Thats oz is the best country in the world in this tsunmai.

But wat is the reality?

Federal gavaman needs to borrow $$ to survive,$50 b in a year.States need Commwealth gavaman to gurantee their loans.

Thats why i dunt know wat to write when i read

"What's happened recently, even within the past couple of days, is buyers are more confident they will have a job and can afford things."

http://www.news.com.au/adelaidenow/story/0,22606,25260510-2682,00.html

@@@@@@@@@@

''NAB's monthly survey of over 400 firms found employment intentions fell by the most in the history of the series in February, with that index down 10 points to -27.

NAB's measure of business conditions dropped 9 points to -20, a level not seen since 1992. Sales and profits both slid, while forward orders dropped 7 points to -27.

National Australia Bank (NAB).''

lionnoisy SG

I am living in melbourne fro years and i have never seen a shooting. Dont take the average statistics and shove it in our faces.

Fark yr mum and sis lionoisy

congra.congra.

can u refine your language.

lionnoisy SG

Oz Federal gavaman print IOU to survive.If the economy get worse,

she need more $$ to support people.How can gavamna get the money

and wat does she has to gurantee states loans?

http://www.economicstimulusplan.gov.au/theplan.htm

[Chart 4: Government finances amongst the strongest in the world]

lionnoisy SG

just in case u dunt know the chart.

this is the budget deficit in term of GDP.

reyes SG

been looking for a unit in WA for sometime. The hse prices in WA is dropping but not as drastically. from what i follow up, the property prices in WA alone has gone up 2-3x in the past 6-8yrs. The current blip of 10% is nothing.

The supply of houses is still lagging behind demand.

personally i dont think australia will have subprime problems.

personal income in australia is generally higher, aust has so far weather the crisis pretty good compare to Singapojust re, Japan, USA, EU.

will4 SG

Foreign professional can bring back money to their own countries for his own family usage, but not the mass, what they contributed in other countries is much much worthy if they had contributed to their own country. Due to their own countries lack of good infrastructure, govt, system etc etc, the adopted countries they work in gain from them is much more than what they bring home. And because of their money instability, most of them still prefer to keep their money in foreign banks rather than converting in their own country currency and banks.

Please remember that CPF is not a saving bank, it is a provident funds that both employers and employees contributed, and the employers are bound to contribute due to the law of Singapore requirement, so if the malaysians are really to withdraw back their CPF, they can take their 20% contribution and not the employers contribution. Most Malaysians working here are Malaysian Chinese and Indians, personally, they also dun wan the money to be transfer into malaysia, at that moment, the ringgits is falling like hell whereas the sing dollars was still stable and strong, and the malaysia govt needed these funds to help themselves rather than the peoples who worked here.

Anyway, CPF is a personal beholden, if a Malaysian wish to withdraw all his/her CPF, no problem, but of course, he/she will not be allow to work in Singapore in a permanent basis.

I think the Malaysian EPF provide better rate of return like 5%. I have an uneasy feeling that the PR who refused to changed to local citizenship may have the

following reason, Spore is becoming overcrowded, many Sporean going to Malaysia to buy landed properties and it is increasingly becoming more difficult to withdraw CPF as u grew older.

lionnoisy SG

The supply of houses is still lagging behind demand.

personally i dont think australia will have subprime problems.

personal income in australia is generally higher, aust has so far weather the crisis pretty good compare to Singapojust re, Japan, USA, EU.

u just reflect wat PM Rudd and his officials said in the past 1 year that

Oz is mush better than other developed countries in this crisis.

However,i have shared in this forum that jobs adverts dropped a lot

in oz.So,i cant find the true reasons that oz house sales was so good

in the past few months,Is it a short term from Stimulus package

or oz is really so strong.

2.Then,pl tell me why Holden cut the output and salary of this plant by

HALF,until Christmas!!The best xmas present will be --JOBS!!

HOLDEN yesterday told the last wave of its 3150 disillusioned Elizabeth workers it will cut its production by half and cull the afternoon shift....

Holden is responding to an 80 per cent drop in export sales as well as declining local large car sales, but the company was aiming to retain its workforce as it prepared for the introduction of a second production line at Elizabeth to build a four-cylinder powered small car...

angel7030 SG

I think the Malaysian EPF provide better rate of return like 5%. I have an uneasy feeling that the PR who refused to changed to local citizenship may have the

following reason, Spore is becoming overcrowded, many Sporean going to Malaysia to buy landed properties and it is increasingly becoming more difficult to withdraw CPF as u grew older.

of course people will refused lah, who wants to be a citizen here, if they changed to local citizen, they had to give up their citizenship of their parent countries. So better stick to PR. No doubt EPF provide a better rate of 5%, cos this is due to ringgit being lower in value. And let me tell u the truth, most of the companies in malaysia dun even need to give EPF, they will tell the workers that they provide them higher paid, and most of them accepted, their system is not as clearly define as ours, allowing turning and twisting all the time.

Why should i buy landed property in malaysia, why no singapore, more valuable and price will surge in no time whereas malaysia housing is alway on the depreciation due to plenty of land. I better think of thailand or Oz, then taking up a residency in Malaysia

lionnoisy SG

can i remind u again that it was not uncommon for oz banks granted over

90% loan in oz.High loan to value ratio is one of the factors

leading to financial crisis.The so called sub prime crisis is just a cover up.

The sup prime loan does not represent more than 15% of loan in

total loan amount!!Now,u media dunt talk abt sub--prime which

is not the main contributing factor in today crisis.

http://www.news.com.au/business/money/story/0,28323,25288384-14327,00.html

The Sunday Telegraph

April 05, 2009 12:00am

In the past fortnight, Commonwealth Bank, Bankwest, ING, Challenger, Citibank and Suncorp have all cut their maximum loans from 95 per cent to 90 per cent of the property value - and may cut further. ANZ cut its maximum loan to 90 per cent last November.

The move is designed to ensure the bank can recover the loan value, if the house has to be sold in the event of a loan default.

"There is a lot of talk about where house prices are headed and the possibility of price falls," Peter Hayward, of Citibank Mortgages, said.

"By reducing the maximum loan to 90 per cent, we are giving ourselves, and our borrowers, more of a buffer to ensure that if prices do fall, there is less risk of going into negative equity."

Challenger likened the move to when stockbrokers increased loan/valuation ratios on margin loans, when share prices fell.

"What you are seeing is a staged pullback by lenders from the market, to reduce risk," Challenger's Stuart Barton said...................''

lionnoisy SG

wat if SG 50,000 tenants face enviction?Go to Orchard RD to protest,

vote for Oppositions,.....

Rental crisis: 200,000 will face eviction

lionnoisy SG

AUSTRALIA is facing a homeless crisis with more than 200,000 tenants in rented accommodation forecast to face eviction by next year - 80,000 in NSW alone.

Research conducted for The Sunday Telegraph by Fujitsu Consulting

But if unemployment rises to nine per cent next year, as many economists predict, the number of tenants facing eviction rises to 216,000 nationally, and 79,000 in NSW..........................''

lionnoisy SG

Buyers back in shacks as flats fail to sell

Many of the unsold units are at beachside holiday destinations and have fallen into the hands of the banks, The Australian reports.

lionnoisy SG

oz has been looked rosey in this crisis,but there are some commonality

like other countries.

Beach units in receivershipThe Australian, 29 Jan 2009

lionnoisy SG

4:13pm | Government mortgage deal with major banks leaves out smaller lenders, which make up 20% of market.

leilan84 SG

yes Sire!!

There is big differences between Singapore CPF public housing grant

and oz first time grant.The former is a long time policy,while the latter

is just to boost short term GDP rate for a nice report card!!

Good time or bad time,SG is still afford to give CPF grant to buy HDB.

This is risky for buyers,banks and whole country if any buyer cannot

come out with 20 % down.This show they lack of ability,willingness

and discipline to set aside a lump sum for housing EVERY MONTH for

20 years.

Hello? Do you know what you're posting?

you're making a assumption here. So you know that 15 years ago when SG introduced the grand it is not a temp GDP boost measure? And that Aust first time

grant is a GDP boost measure? How smart are you huh?

what is the ration of HDB (15 years ago) vs avg salary (15 years ago)

ration of HDB (current) vs avg salary (current)

Now tell me who is in deeper shit? we or aust?

you know what is thick-headed, narrow minded and self-deception?

leilan84 SG

u just reflect wat PM Rudd and his officials said in the past 1 year that

Oz is mush better than other developed countries in this crisis.

However,i have shared in this forum that jobs adverts dropped a lot

in oz.So,i cant find the true reasons that oz house sales was so good

in the past few months,Is it a short term from Stimulus package

or oz is really so strong.

2.Then,pl tell me why Holden cut the output and salary of this plant by

HALF,until Christmas!!The best xmas present will be --JOBS!!

HOLDEN yesterday told the last wave of its 3150 disillusioned Elizabeth workers it will cut its production by half and cull the afternoon shift....

And back at home, most of the factories worker now work only 4 days per week?

some office worker also working 4 days a week. So what are you trying to prove here?

Do you really know the shape that singapore is in now?

I strongly believe that you're bias against aust for whatever reason/s that i know not of.

But if it is really as what you've described, why so many of us still going there?

Is the majorities who went over stupid? Or are you the smart ass here?

leilan84 SG

well done.I like pple done their home work.

BTW,has the crimes rate are part of the survey u mention?

It has been pointed out that the most livable city is in OZ by EIU. btw if you're scoping in on crime, it'll probably be safest to live alone by yourself in the mountains.

leilan84 SG

Most are Malay aunties lah, no us lor. Be proud of your Singapore gals ya. Smart, sexy and flamboyant like me!!!

Singapore gal, you are a great way to fly...

yaya... fly to the moon and stay there. don't come back ya?

soul_rage SG

why do you guys even respond to this joker?

His English CMI (Cannot Make It), his presentation CMI, his arguments CMI, his understanding of topics that he brings up CMI

Talking to him is a chore. All he wants to do is mud-sling Australia, and he's totally shut off from whatever you guys say.

Even in the other thread, he just dumped a Budget deficit and budget surplus comparison as an example of why our leaders should be highly paid, but he exposed his complete ignorance on budget policies.

He really CMI.

Maybe he's an anti-PAP supporter in disguise. He's just here to make pro-PAP forumers look really stupid.

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