House prices
sameaswas wrote:monkeyboy wrote:Quite an interesting deep dive is available for immigration stats; like numbers (permanent migration v temporray visa), skills, countries. https://www.homeaffairs.gov.au/research-and-statistics/statistics/visa-s...
Interesting stats there mb, could you try to find the financial threshold required for all these "skilled" migrants that are flooding our shores?
I read somewhere they MUST have a minimum of $2000,000 cash b4 even bothering to apply??
Nothing against migrants, one meself, however it seems to me the main reason is to prop up the banks houseing ponzi scam and all, harvey norman etc, oh i allso read there are pollies current and ex who own up to 200 investment properties???
Wonder if they are cashing in ther r.e. investment properties? and the cashed up foreigners are the buyers, cos locals can't.????
There's a challenge for someone with good comp skills to look into? good luck trying...ha!
I am pretty sure the points system doesnt have a financial requirement. Skilled migrants are quite alow percentage of the migrant intake - the higher percentage is temporary migrants who then become permanent. Most temp migrants appear to be people on work visas (employer sponsored) and kiwis.
That was my read anyway. Would need to dig more but to what end I have none; it is what it is and I work with plenty of "migrants" and they are awesome people who are very grateful to be here.
“It is what it is”.
Unless you want to try to change it.
monkeyboy wrote:sameaswas wrote:monkeyboy wrote:Quite an interesting deep dive is available for immigration stats; like numbers (permanent migration v temporray visa), skills, countries. https://www.homeaffairs.gov.au/research-and-statistics/statistics/visa-s...
Thats the "old" system and still current for seasonal workers etc.
The "new" system is$200,000 cash and if islam access to interest free loans for r.e.Interesting stats there mb, could you try to find the financial threshold required for all these "skilled" migrants that are flooding our shores?
I read somewhere they MUST have a minimum of $2000,000 cash b4 even bothering to apply??
Nothing against migrants, one meself, however it seems to me the main reason is to prop up the banks houseing ponzi scam and all, harvey norman etc, oh i allso read there are pollies current and ex who own up to 200 investment properties???
Wonder if they are cashing in ther r.e. investment properties? and the cashed up foreigners are the buyers, cos locals can't.????
There's a challenge for someone with good comp skills to look into? good luck trying...ha!
I am pretty sure the points system doesnt have a financial requirement. Skilled migrants are quite alow percentage of the migrant intake - the higher percentage is temporary migrants who then become permanent. Most temp migrants appear to be people on work visas (employer sponsored) and kiwis.
That was my read anyway. Would need to dig more but to what end I have none; it is what it is and I work with plenty of "migrants" and they are awesome people who are very grateful to be here.
Thats the old system for seasonal workers etc, permanent is $200,000 cash and if islam access to interest free loans.
With inflation coming in hotter this week both here and in the US, the old 'no they won't, yes they will' game takes a familiar turn. Again.
https://www.afr.com/policy/economy/rba-to-lift-cash-rate-to-5-1pc-says-t...
"“The RBA’s strategy this cycle doesn’t seem to be working,” Mr Hogan said.
“They were hoping we could do less than the rest of the world because we were more exposed to the nominal channel of monetary policy through variable rate mortgages … We just need to now get up to the [cash rate] level that other countries are, at 5 per cent.” "
Meanwhile, reports from cafe ground zero:
https://www.news.com.au/finance/business/other-industries/grim-ad-shows-...
That stainless sink & bench looks nice - could leave outside and lay glass panels on that.
In Melbourne, begun the yimbynimby wars have:
https://www.theguardian.com/australia-news/2024/apr/17/housing-advocates...
velocityjohnno wrote:In Melbourne, begun the yimbynimby wars have:
https://www.theguardian.com/australia-news/2024/apr/17/housing-advocates...
And who will build all these houses/apartments? At these insane, inflated costs?
https://www.abc.net.au/news/2024-05-06/new-laws-to-stem-money-laundering...
Could it be? Is something being done about this at last?
"AUSTRAC estimates that, in 2020 alone, criminals linked to China laundered $1 billion through Australian real estate."
and more
"“One thing that a lot of economists are grappling with is how the 20-plus-year relationship with borrowing power and house prices has broken down. It leaves you with a situation where it’s not clear what the driver of property will be in the long term,” he said.
“You need to change your view that it’s based on what the average household … can afford. For an average income household in Australia today they cannot afford the median house any more."
https://www.smh.com.au/property/news/gifts-from-50k-to-1m-the-norm-how-h...
Enough on the reporting - Australia is looking for solutions. I found an Ideas Man who has the solutions:
https://www.instagram.com/visionofluxury08/reel/C6eOUkcPgu4/
Pipe Dream gets flushed out by a dose of reality.
Just woke from a bizarre dream of streets of houses having their water meters removed.
Thought ...who would go to such drastic lengths to openly flog Water Meters...Bloody Stupid!
No! Not read...but remove...as in brazenly stolen as in rows of them...in plague proportion.
Stupidly go online to check & sure enough...in the last week Water Meter Theft is off the charts...
Got to be kiddin' me...go back to bed & wake up properly...never saw nuthin' so stupid!
Just sayin'...one hot spot is nearby & tbb must have subliminally heard this in background chatter.
Coz hardly leave the house nor have car radio but do watch evening news...but not ever seen this!
Perhaps tbb is yer humble pipe dreaming water diviner from the golden age of municipal fountains.
Bring back the Fountains...
Water Meter Theft in the News
3 days ago...Stolen Water Meters cause havoc to Logan Businesses
Spate of Water meter thefts ...not the first time...
2022 Logan... a 49 y'o was charged for same fuck'd up mental hobby?
(Read this!) Motive for Stealing Water Meters remains Unclear! (Really?)
https://www.bycc.com.au/blog-and-news/stolen-water-meters-cause-havoc-to...
Oh look here...another Water Meter Collector...just doin' the rounds...caught red handed...WTF dude!
South African Capetown: reports 10 Water Meter thefts in last week.
White man is never charged & keeps being set free to re-offend...none know why? (Really!)
So serious they now...Run an undercover 252 Unit...(Freed Water Meter Addict back on the Job...)
July 2022 - May 2023 City replaced 2,255 Water Meters...(Once a habit but now a rampaging torrent!)
https://www.iol.co.za/capeargus/news/freed-bellvile-water-meter-thief-ba...
Philippines : Spate of Water Meter theft in Davao region! "Please secure yer water meters undercover!"
https://www.facebook.com/photo.php?fbid=777760774400322&id=1000649921931...
How did tbb dream up this shit...why ain't everyone just knocking off their neighbour's Water Meters?
Turns out almost all the crew had dreamt up this Fad when thinking about it! Huh! C'mon!
Ask! Why does yer neighbour never notice his hose mysteriously getting shorter by the month...WTF!
Crew : "Fucked if I know mate...yer not back on the Hoochie Coochie are ya!...(Cough...Cough!)"
Let's add this up...here's the line of progression in yer local neighbourhood crime...
Neighbour's hose is shortened for next door's Drug Den
Basement Carpark Pipework is stolen > replaced > stolen again in same week > (For the Farmhouse!)
Water Meters are stolen to Fully Flush Multi Metered Farm House...Got it!
These Dreamers are hooking up yer City's off grid Hydro Scheme...while Nan get's Bill Shock!
{ Do not Disturb the Meter Man...working hard to keep the Great Australian Dream Alive }
PS:
Expert : 'Garden Hoses must be periodically cut shorter to adapt to shrinking Block sizes!'
'Strewth...don't they teach Gromz that at school no more!'
Said : "Don't come 'round here no more!"
NASDAQ ATH
S&P ATH
Melt up is underway peops!!
I don’t think so don. Government spending around the globe is at record high. Only pullback in public spending could trigger a meltdown. And that will not happen.
flollo wrote:I don’t think so don. Government spending around the globe is at record high. Only pullback in public spending could trigger a meltdown. And that will not happen.
I said melt up.
Whats a melt up?
donweather wrote:flollo wrote:I don’t think so don. Government spending around the globe is at record high. Only pullback in public spending could trigger a meltdown. And that will not happen.
I said melt up.
Ah ok, I missed that.
House prices - going to go up , down or sideways ?
Opinions and anecdotal stories if you could.
Cheers