I have noticed lately across social media community groups many people looking for JP's to sign documents...as well as alot more people looking for part time or full time work. I believe there is a lot of juggling going on in many new households..
The property market is hurdling across the ground at brake neck speeds, in the distance is a dark object growing larger and larger...I wonder how many property investors are going to realise they are now sitting in an unstoppable vehicle going head long at that dark object...that impenetrable odject, how much more time do they have before it too late.......or is it already!!!
$3m slap on the hand for the enforceable undertaking is hardly worth it. The internal bank admin costs would be more than that. Bit of a joke. Regulator penalty is underwhelming probably because it will have too much of a negative effect on APRAs mandate of ‘financial stability’.
Thanks again for another smashing article Martin. Would love to hear your views on China Australia relations (given 35% GDP derived from China trade and potential trade war-like tariffs) and possible implications of some of your scenarios on the AUD and maybe if you are feeling adventurous, AUD gold price behaviour in such scenarios. Thanks for considering. Cheers
I know of no other country on earth as dependent on property and property price increases as ours. It is literally the only game in town. All those builders, contractors, finance types, real estate types, literally all our eggs in the one basket. It is THE economy. I wonder what the social and societal ramifications will be when it all goes down. All those dreams. 1 million AUD buys you an average house in syd or melb. Martin, do you see detached housing weathering the storm better than units, ir will both be affected in your view? thanks for your work, it is brilliant.
I read recently that the Victorian government is now looking at applying a vacancy tax on units and houses, they are still putting all the t&c together. This will hurt the investors directly by paying an extra tax or indirectly as extra properties are quickly brought onto the market for rent, thus lowering rental returns on existing properties.
Actually there are partially empty residential towers in Sydney and Melbourne mainly foreign investor owned. Any significant downturn here and overseas could see a large number of sales and repatriation of capital overseas. Retirement of debt and being debt free is the ideal before our economy turns down.
Stratified - split into value band. Hedonic index - this approach to price index construction controls for compositional change by obtaining information on housing characteristics (e.g. bedrooms, bathrooms, land size, suburb, etc.)...
+Sue ...... Or is it by design ? The big players make money when the markets go, up or down. If they are controlling the direction of the market, the win is even larger.
Hence JPMorgan market trading desk had only 2 days of loses in 4 years. Not rigged at all..... /sarc
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