Attitudes have certainly changed over the years. 5 years ago,
most pple who migrate out of Singapore are regarded as quitters or
betrayals. Right now, we have a gradual shift towards attitude in
migration out of Singapore. Now, you may start to
feel glad for the person who left Singapore. (good for
him)
1.Who said so?SG started accepting ''quitters or betrayals''FT few
years after 1965!!Now we have more than 1 million
(1,000,000)''quitters or
betrayals''!!
if u find the grass is greener on
other side.Just go.Remember to throw in your passport after u get
another one.
u are not entitled to any so and
so package anymore!!
2.take the risks together with
benefits.Stay away from shootings which is just happen
everywhere.Twice in King's Cross within 8 hours.Like a
movie!!
Evelyn Yamine and Joel Christie
March 03, 2008 11:02am
NRL stars Jarryd Hayne
and Mark Gasnier were reportedly caught up in a shooting in a Kings
Cross street in Sydney early
today.
Parramatta ace Hayne and St
George-Illawarra's Gasnier had apparently left the Vegas
Hotel when they were targeted by a drive-by gunman -
one of two shootings in the vicinity
overnight.
Early reports contained confused details; however it has become
apparent the duo were involved in a second shooting, around
4am.
.....
........
http://www.news.com.au/heraldsun/story/0,21985,23309486-661,00.html
How is the shooting rate in Oz compared with big apple??
2.Besides be careful of shooting,take a good look at the housing
situation before u buy!
Exclusive by Kelvin Bissett and Justin Vallejo
March 03, 2008 12:00am
HOMEOWNERS in Sydney's
outer suburbs have been losing as much as $450 a week every week
since early 2004 on the value of their properties as the real story
of mortgage belt misery begins to emerge.
With the Reserve Bank likely to announce yet another interest
rate hike tomorrow, a Daily Telegraph investigation
reveals hundreds of streets in Sydney's outer suburbs now have
houses that have been bought and sold at a loss - in rare cases
more than 40 per cent in value.
Since the peak of the boom in early 2004, Sydney's southern
suburbs has dipped the most in value, with the median price falling
$82,750 over the ensuing 15 quarters, according to Australian
Property Monitors figures.
Other areas where the Australian dream is souring include
Canterbury Bankstown which has registered $65,000 in losses,
Sydney's south west $44,500 and Sydney's west $25,000.
On a per week basis, the changes in median prices to late last
year equate to $444 a week losses for the south, $349 for the
Canterbury-Bankstown area, $239 for the south west and $134 for
west.
The decline in median price values are despite a mini-boom in
real estate in the more affluent eastern half of the city.
But while these changes are based on median movements, a new
report by MVS Valuers analysised hundreds of case studies of resold
homes to offer more detail on how homeowners are hurting.
The MVS Valuers analysis shows that anyone who has bought as
long ago as January 2002 and resold recently in Sydney's west and
south west is likely to have copped a loss.
Prime Minister Kevin Rudd is today expected to unveil a plan to
help families battling housing stress in a move designed to take
the heat out of the latest Reserve Bank rate hike.
Last month, on the day before the central bank increased rates
to an 11-year high of 7 per cent, Mr Rudd announced the
government's $850 million first-home saver accounts scheme.
Mr Rudd's annoucement comes after new research shows 1.1 million
low to middle income households are now spending more than 30 per
cent of their income on housing.
To present an accurate picture, anomalies such as upgraded
homes, sales within families and vacant blocks that have been built
on were removed from the analysis.
Among some of the
worst losses studied, a home in New
Cambridge St, Fairfield West bought for $780,000 in November 2004
sold in July last year for $415,000, a loss of 46.8 per
cent.
At Bond Place, Oxley Park, a unit
bought for $455,000 in August 2005 sold last May for
$250,000.
At McAndrew Close, Lurnea, a house
bought for $420,000 in December, 2004 sold last June for
$267,000.
On average houses
actually bought over the past five years and then resold have
resulted in losses of $20,912 in Sydney's west and $20,435 in the
south west for their owners.
MVS Valuers director Peter Raptis said there was little
likelihood of a recovery in prices in the short term. He predicted
more possible losses ahead, or at best nominal growth.
He said the succession of interest rate rises had already
"spooked" the market.
"You can now get a house, possibly fibro and maybe nothing
special but still on a decent block for under $200,000 if you know
where to look," he said.
"It's amazing how cheap properties
are in some places in Western Sydney," he said.
"We've seen places go for $160,000 to
$180,000. That's astonishingly cheap when you remember this is
Sydney."
Homes in Sydney's west and south west are now siginificantly
cheaper than the estimated average price of a home in every other
Australian mainland capital, now all in excess of $400,000.
Aussie Home Loans chief John Symond said last night that
Sydney's mortgage belt was now the nation's "struggle street" and
will pay a heavy price for any further increases in interest
rates.
Like other property experts, Mr Symond had few words of
short-term hope for embattled homeowners in Sydney's west and
southwest with a prediction that their home values would remain
"flat, or probably soften" this year.
"The higher interest rates go up, the more suppressed house
prices are going to be," he said.
His advice to homeowners was to examine their personal finances
and credit card debts to find savings to offset the rising
rates.
Other experts were similarly pessimistic.
RP Data residential research director Tim Lawless said dwelling
prices in Sydney's mortgage belt areas "are largely yet to recover
back to 2004 levels."
"The problem is that there is simply a large amount of supply
and little demand from purchasers. This problem is exasperated by
the fact that prices probably overshot the market during the
previous boom which ended in 2003," he said. battling housing
stress, in a move designed to take the heat out of the predicted
Reserve Bank interest rate rise.
Last month, on the day before the central bank increased rates
to an 11-year high of 7 per cent, Mr Rudd announced the
Government's $850 million first-home saver accounts scheme.
Mr Rudd's latest announcement comes after research shows 1.1
million low to middle income households are spending more than 30
per cent of their income on housing.
MVS Valuers director Peter Raptis said there was little
likelihood of a recovery in housing prices in the short term,
instead predicting more possible losses ahead or, at best, nominal
growth. The succession of interest rate rises had "spooked" the
market, he said.
To present an accurate picture, anomalies such as upgraded
homes, sales within families and vacant blocks that have been built
on were removed from MVS Valuers analysis.
Among some of the worst losses, a home in New Cambridge St,
Fairfield West, bought for $780,000 in November 2004 sold in July
last year for $415,000, a loss of 46.8 per cent.
At Bond Place, Oxley Park, a unit bought for $455,000 in August
2005 sold last May for $250,000. At McAndrew Close, Lurnea, a house
bought for $420,000 in December 2004, sold last June for
$267,000.
On average, houses bought over the past five years and then
resold have resulted in losses of $20,912 in Sydney's west and
$20,435 in the southwest.
"You can now get a house, possibly fibro . . . for under
$200,000 if you know where to look," Mr Raptis said.
"It's amazing how cheap properties are in some places in western
Sydney," he said.
"We've seen places go for $160,000 to $180,000. That's
astonishingly cheap when you remember this is Sydney."
Homes in Sydney's west and southwest are significantly cheaper
than the estimated average price of a home in every other
Australian mainland capital, now all more than $400,000.
Aussie Home Loans chief John Symond said last night that
Sydney's mortgage belt was now the nation's "struggle street" and
would pay a heavy price for any further increases in interest
rates.
Like other property experts, Mr Symond had few words of
short-term hope for embattled homeowners in Sydney's west and
southwest with a prediction that their home values would remain
"flat, or probably soften" this year.
read the comments will help u understand how oz think.
http://www.news.com.au/dailytelegraph/story/0,22049,23307117-5001021,00.html
