Ot- qantas

[blacktip-reefy]

Did you make that up or did you get that from the IPA Institute of Public Affairs.

A family with a mortguage of $300,000.00 will save up to $4,500 per year now.

This just shows just how out of touch you are through those pathetic lefty blogs.

A guy earning $80-100k per year now cannot get a loan for $400k without a deposit of $80k
Why is that? Because Australia is considered high risk. Our banks cannot get access to money. So what money they do have, is intenselysafety first lending. It has never been harder for a person to get money in Australia. 75%-80% lending available but only on BANK VALUATIONS. In the real world Quigs, where people have a crack, this translates as such.
House on the market for $450k. Which is average price for 3 bed house in Australia near regional centres with work(again, real world) . Private valuation comes in at $450k . Banks send in own valuers, who are instructed to be extremely conservative with lending, so prob knock $30-$50k off the valuation. This is not disclosed to customer.
Bank comes back & says we will lend you $320-$340k. Well short of the $450k Buyer might get seller to knock off $20k leaving a deposit of $80-$90k plus stamp duty.
Now this is just for a basic 3 bed house. Borrower is then advised that he needs to produce 2 years of pay slips, contacts for his place of employment etc etc & 100 other pages of information to fill out. There is no such thing as a lo-doc loan anymore & investment loans are even harder.
So, who gives a f**k if there is no interest rates Quigs. its irrelevant. The economy is such a mess, that nobody can get money at any interest rate. All due to the fact this government has ignored the building industry & small business & instead though carbon taxes windmills solar panels & gay marriage is what is important.
BNext stop for labor--------> oblivion & it cant come soon enough.

 

[blacktip-reefy]

Another great communist announcment from the red muff. f**k she is gorrrnnnn.

 

[Quigs]

This just shows just how out of touch you are through those pathetic lefty blogs.

A guy earning $80-100k per year now cannot get a loan for $400k without a deposit of $80k
Why is that? Because Australia is considered high risk. Our banks cannot get access to money. So what money they do have, is intenselysafety first lending. It has never been harder for a person to get money in Australia. 75%-80% lending available but only on BANK VALUATIONS. In the real world Quigs, where people have a crack, this translates as such.
House on the market for $450k. Which is average price for 3 bed house in Australia near regional centres with work(again, real world) . Private valuation comes in at $450k . Banks send in own valuers, who are instructed to be extremely conservative with lending, so prob knock $30-$50k off the valuation. This is not disclosed to customer.
Bank comes back & says we will lend you $320-$340k. Well short of the $450k Buyer might get seller to knock off $20k leaving a deposit of $80-$90k plus stamp duty.
Now this is just for a basic 3 bed house. Borrower is then advised that he needs to produce 2 years of pay slips, contacts for his place of employment etc etc & 100 other pages of information to fill out. There is no such thing as a lo-doc loan anymore & investment loans are even harder.
So, who gives a f**k if there is no interest rates Quigs. its irrelevant. The economy is such a mess, that nobody can get money at any interest rate. All due to the fact this government has ignored the building industry & small business & instead though carbon taxes windmills solar panels & gay marriage is what is important.
BNext stop for labor--------> oblivion & it cant come soon enough.

So .... you got some links to all this ??? Or is it just like them thar made up facts you usually throw around here before you get caught out again and again.

Is it another f**kishima moment ???

i.e. a guy on $400 grand needs how munch deposit? Got a link ... which bank?

How munch did he need for a deposit say 6 months ago ? which bank.

I love your style........

 

[Quigs]

Because Australia is considered high risk. Our banks cannot get access to money. So what money they do have, is intenselysafety first lending. It has never been harder for a person to get money in Australia. 75%-80% lending available but only on BANK VALUATIONS.
.

GOLDEN BISON - Australia now world's 12th-largest economy - Australia's economy has overtaken Spain's to become the 12th-largest in the world, according to the Government's analysis of new International Monetary Fund (IMF) data. Treasurer Wayne Swan has described the result as a "remarkable achievement" given Australia's relative population size. "Since the Government came to office, Australia has moved up three places from 15th-largest economy to now be the 12th-largest economy in the world," Mr Swan said. "Since 2007, Australia's economy has surpassed the economies of South Korea, Mexico and now Spain. READ MORE

GOLDEN BISON - The unemployment actually FELL in October - The headline figures were for the seasonally adjusted unemployment rate to remain steady at 5.4%, and the trend rate to rise from 5.3% to 5.4%. If we want to break it down to a few more decimal places (in which doing so also reduces the confidence with which the ABS is sure they’re accurate – but what the hell), then the seasonally adjusted rate fell from 5.4377156% to 5.3645712% or a fall of 0.07314 percentage points. So it was very close to being a fall to 5.3% and it is why the ABS actually says the rate fell by 0.1 percentage point even though there was no change in the actual rate when rounded to 1 decimal point. READ MORE​

GOLDEN BISON - No interest rise for the 23rd consecutive month. Last rise was Nov 2010 Vs 10 consecutive rises under Howard/Costello. RBA Official Interest Cash Rate - 3.25% - compared to 6.75% when Howard was voted out & lowest under Howard was 4.25%. The last time the Coalition Govt presided over a cash rate this low was Feb 1964


Australians are the wealthiest in world: study - The median wealth of Australians continues to be the highest in the world despite a drop in number of millionaires. Australia beat Japan, Italy, Belgium and the UK in terms of median wealth, with each adult sitting on a nest egg of almost $200,000, the Credit Suisse Global Wealth Report 2012 shows. "Notably, Australia's median wealth per adult of $US194,000 ($A190,982) is the highest in the world, well ahead of Switzerland $US87,137 ($A85,781) and Norway $US79,376 ($A78,141)," the report said. READ MORE

Wow..........

1. Unemployment 5.1% - (Canada 7.5, EUROZONE Avg 9.3, UK 8.7, USA 8.3, Japan 4.1, NZ 6.6, China 4.1, India 9.4, Brazil 4.7. South Africa 25%, Singapore 1.9, South Korea 3.7)​

​

2. CPI - 2.15% well below expectation, a 12 year low. 2.15%. ​

​

3. GDP Growth 4.3% - The Australian economy is now around 7 per cent larger than it was prior to GFC Mark 1. By way of comparison, most developed countries have gone backward.​

​

4. RBA Official Interest Cash Rate - 3.5% - compared to 6.75% when Howard was voted out. Lowest RBA Interest Rate was Apr 2009 at 3% post 2008 GFC.​

​

5. Current Govt Net Debt - 8.9%​

​

6. Total Public Debt - 27% GDP (Canada 81%, EURO 97%, France 99%, Germany 84%, Japan 205%, UK 91%, USA 95%)​

​

7. Trade Surplus $22.4 billion last financial year – easily the biggest surplus in raw terms for the past 40 years of records compiled by the ABS​

​

8. Sovereign Rating - Australia one of just 15 countries to hold the top AAA Rating from all Agencies​

​

9. Currency - AUD/USD 1.04, AUD/UK 0.68 AUD/Euro 0.82 - The floating of AUD is the single most important economic reform introduced by Labor. It acts as a shock absorber to external economic conditions​

​

10. Australia is in Asia, the growth engine averaging 6% and part of the Asian Century. It's middle and aspiration class is expected to hit 800 millions by 2020. Double of USA+Europe.​

​

11. NBN - One of the most advanced high speed Internet enabled network in the world. Australia's first national wide, open access FTTP broadband network with minimum 93% coverage, capable of achieving 1 gigabit per second broadband speeds.​

​

12. Australia is the richest country in the world according to Credit Suisse Research Institute's most recent Global Wealth Report, the median wealth of Australians now is well over $200,000, ahead of Switzerland, 4 times USA.​

​

13. Under Coalition spending grew by average of 3.7% per annum, under the current Labor spending growth is averaging 1.5%​

​

14. More people at work today than any time in our Nation's history. In Jan 2012, 46,300 new jobs created for the month of which 12,300 full-time jobs and the Unemployment rate is now 5.1% from previous 5.2%​

​

15. Australia net debt is expected to peak only at 8.9% in 2016 (MYEFO) - READ MORE​

​

16. THE Gillard government's reforms to financial advice will boost the retirement savings of Australian workers by $130 billion over 15 years​

​

17. Retail turnover up 0.3% in January. (0.1% fall in December.) from ABS​

​

18. Our economy is up by 7.4 per cent on pre-GFC levels. Canada +3.5% USA & Germany +1%, UK -2.75%, Japan -3% Italy - 4.5% READ MORE​

​

19. Australia's GDP in 2011 was $1.444 trillion. Will be above $1.5 trillion next year​

​

20. Since 2007 the ratio of net debt to GDP of the leading western economies has grown from 52% to 82%”(a swing of 30%). In Australia, minus 3.8% to 8.9%(a swing of 13%)​

​

21. The 10 year government bond yield is now around 4.0% having recent hit an all time low of 3.65% - it was above 6% in late 2007 when the Coalition was in office​

​

 

[blacktip-reefy]

Real world Quigs. Got friends & family all trying to get ahead who are just absolutely stuck. Got a neighbour who is about 4ic NAB Queensland. His information is the most depressing. 1 agent on the Gold Coast has over 450 mortgagee in possession listings. But he says that is nothing to what the banks are actually holding. He says the banks are being both protective & ethical. Ie if they released all the property they have the keys for, it would bring the Australian economy down in a matter of days. Another reason also why the banks cant get money. They are holding too much real estate & commercial property from closed business's. The other thing they are doing is renovating in possession houses prior to sale. They are spending $100-150k to try & get $100k more on the house. They are not selling devalued dumps for whatever they can get. Same reason. Propping up the economy. House next door to my uncle sold Saturday for $600k. 5 acres 7 bedrooms 4 bath, pool hundreds of fruit trees. They were going to accept his offer of 400k but then about faced & spend 250k on it & sold for $600 k at auction. The only thing that matters to them is the amount on the sale ticket. it doesnt include renovations. So they are ethically, holding the value in real estate because of these practices. The property last sold for $1.1 m prior to Rudd taking office. Again, real world, well away from your artificiall bubble.

 

[blacktip-reefy]

GOLDEN BISON - Australia now world's 12th-largest economy - Australia's economy has overtaken Spain's to become the 12th-largest in the world, according to the Government's analysis of new International Monetary Fund (IMF) data. Treasurer Wayne Swan has described the result as a "remarkable achievement" given Australia's relative population size. "Since the Government came to office, Australia has moved up three places from 15th-largest economy to now be the 12th-largest economy in the world," Mr Swan said. "Since 2007, Australia's economy has surpassed the economies of South Korea, Mexico and now Spain. READ MORE

GOLDEN BISON - The unemployment actually FELL in October - The headline figures were for the seasonally adjusted unemployment rate to remain steady at 5.4%, and the trend rate to rise from 5.3% to 5.4%. If we want to break it down to a few more decimal places (in which doing so also reduces the confidence with which the ABS is sure they’re accurate – but what the hell), then the seasonally adjusted rate fell from 5.4377156% to 5.3645712% or a fall of 0.07314 percentage points. So it was very close to being a fall to 5.3% and it is why the ABS actually says the rate fell by 0.1 percentage point even though there was no change in the actual rate when rounded to 1 decimal point. READ MORE​

GOLDEN BISON - No interest rise for the 23rd consecutive month. Last rise was Nov 2010 Vs 10 consecutive rises under Howard/Costello. RBA Official Interest Cash Rate - 3.25% - compared to 6.75% when Howard was voted out & lowest under Howard was 4.25%. The last time the Coalition Govt presided over a cash rate this low was Feb 1964


Australians are the wealthiest in world: study - The median wealth of Australians continues to be the highest in the world despite a drop in number of millionaires. Australia beat Japan, Italy, Belgium and the UK in terms of median wealth, with each adult sitting on a nest egg of almost $200,000, the Credit Suisse Global Wealth Report 2012 shows. "Notably, Australia's median wealth per adult of $US194,000 ($A190,982) is the highest in the world, well ahead of Switzerland $US87,137 ($A85,781) and Norway $US79,376 ($A78,141)," the report said. READ MORE

Wow..........

1. Unemployment 5.1% - (Canada 7.5, EUROZONE Avg 9.3, UK 8.7, USA 8.3, Japan 4.1, NZ 6.6, China 4.1, India 9.4, Brazil 4.7. South Africa 25%, Singapore 1.9, South Korea 3.7)​

​

2. CPI - 2.15% well below expectation, a 12 year low. 2.15%. ​

​

3. GDP Growth 4.3% - The Australian economy is now around 7 per cent larger than it was prior to GFC Mark 1. By way of comparison, most developed countries have gone backward.​

​

4. RBA Official Interest Cash Rate - 3.5% - compared to 6.75% when Howard was voted out. Lowest RBA Interest Rate was Apr 2009 at 3% post 2008 GFC.​

​

5. Current Govt Net Debt - 8.9%​

​

6. Total Public Debt - 27% GDP (Canada 81%, EURO 97%, France 99%, Germany 84%, Japan 205%, UK 91%, USA 95%)​

​

7. Trade Surplus $22.4 billion last financial year – easily the biggest surplus in raw terms for the past 40 years of records compiled by the ABS​

​

8. Sovereign Rating - Australia one of just 15 countries to hold the top AAA Rating from all Agencies​

​

9. Currency - AUD/USD 1.04, AUD/UK 0.68 AUD/Euro 0.82 - The floating of AUD is the single most important economic reform introduced by Labor. It acts as a shock absorber to external economic conditions​

​

10. Australia is in Asia, the growth engine averaging 6% and part of the Asian Century. It's middle and aspiration class is expected to hit 800 millions by 2020. Double of USA+Europe.​

​

11. NBN - One of the most advanced high speed Internet enabled network in the world. Australia's first national wide, open access FTTP broadband network with minimum 93% coverage, capable of achieving 1 gigabit per second broadband speeds.​

​

12. Australia is the richest country in the world according to Credit Suisse Research Institute's most recent Global Wealth Report, the median wealth of Australians now is well over $200,000, ahead of Switzerland, 4 times USA.​

​

13. Under Coalition spending grew by average of 3.7% per annum, under the current Labor spending growth is averaging 1.5%​

​

14. More people at work today than any time in our Nation's history. In Jan 2012, 46,300 new jobs created for the month of which 12,300 full-time jobs and the Unemployment rate is now 5.1% from previous 5.2%​

​

15. Australia net debt is expected to peak only at 8.9% in 2016 (MYEFO) - READ MORE​

​

16. THE Gillard government's reforms to financial advice will boost the retirement savings of Australian workers by $130 billion over 15 years​

​

17. Retail turnover up 0.3% in January. (0.1% fall in December.) from ABS​

​

18. Our economy is up by 7.4 per cent on pre-GFC levels. Canada +3.5% USA & Germany +1%, UK -2.75%, Japan -3% Italy - 4.5% READ MORE​

​

19. Australia's GDP in 2011 was $1.444 trillion. Will be above $1.5 trillion next year​

​

20. Since 2007 the ratio of net debt to GDP of the leading western economies has grown from 52% to 82%”(a swing of 30%). In Australia, minus 3.8% to 8.9%(a swing of 13%)​

​

21. The 10 year government bond yield is now around 4.0% having recent hit an all time low of 3.65% - it was above 6% in late 2007 when the Coalition was in office​

​

Load of absolute lefty dumb f**k bullshyt.

 

[Quigs]

Why not produce your IPA list of facts to counter it.

Just saying

 

[blacktip-reefy]

because I dont need to. Battling with a lifer, is uninteresting. I much prefer to talk to tradie who jsut home from work. A person who just got knocked back for a loan or somebody working in recruitment for BHP or FMG. I couldn't give a flying f**k about your weird lefty propoganda, as I couldnt give a f**k about right wing propoganda. The only thing that matters, is what is happening. Real world. Again, I could not give a flying f**k whether you believe me or not. Im not about to get into a combat battle with a lefty propogandist. That is silly. You guys are the experts, straight from communism.

 

[Quigs]

because I dont need to. Battling with a lifer, is uninteresting. I much prefer to talk to tradie who jsut home from work. A person who just got knocked back for a loan or somebody working in recruitment for BHP or FMG. I couldn't give a flying f**k about your weird lefty propoganda, as I couldnt give a f**k about right wing propoganda. The only thing that matters, is what is happening. Real world. Again, I could not give a flying f**k whether you believe me or not. Im not about to get into a combat battle with a lefty propogandist. That is silly. You guys are the experts, straight from communism.

 

[blacktip-reefy]

No dummy spit there. Just real world experience agaisnt a lefty propogandist repeater.

 

[Quigs]

because I dont need to. Battling with a lifer, is uninteresting. I much prefer to talk to tradie who jsut home from work. A person who just got knocked back for a loan or somebody working in recruitment for BHP or FMG. I couldn't give a flying f**k about your weird lefty propoganda, as I couldnt give a f**k about right wing propoganda. The only thing that matters, is what is happening. Real world. Again, I could not give a flying f**k whether you believe me or not. Im not about to get into a combat battle with a lefty propogandist. That is silly. You guys are the experts, straight from communism.

The Real World. Gee we are lucky that we don't live in The UK, The States, Spain, Belgium, Italy, Greece, and most of Europe hey.

You know the rest of the Real World. But hey, that doesn't have an effect on what happens here does it.

 

[blacktip-reefy]

, that doesn't have an effect on what happens here does it.

Agreed. None of those countries are riding the resource boom that we are & their populations are so large that mines the size of the pilbara cannot support their populations like it does ours. So we are doubly lucky. 1 . That enrepreneurs went to these disgraceful places to search for the shyte & then build over decades, with great risk, the infrastructure to mine the shyt. & secondly, that our population is small enough so this boom area can swallow the overflow of trades & businesses that have gone broke & support our country. Thee is not one thing that this government has done to stimulate the housing market &/or small business. Too busy taking taxes off business in the form of carbon taxes & payroll taxes so it can pay for people in remote communities to have fast internet.

 

[Quigs]

So it was the Guv'ment that voted against the tax concessions for small business. I thought it was Tone NoNo and his mob that voted against the cuts for small business. I must of got that one wrong.

 

[Quigs]

Bad Bad Guv'ment....

Sloppy Joe has always told us that “Interest rates will always be lower under a Coaliton government”?

Australian Labor John Howard said: "Interest rates will always be lower under a Coalition government". Was 6.75% when Labor won in November 2007, now 3%.

Costello in 2004 election: “The Coalition will campaign on our economic record: low interest rates”

ANZ chief economist: “At this stage the economy is travelling pretty well.. no emergency level (rates) here”

 

[blacktip-reefy]

Like I said, the interest rates are irrelevant. For the economy to move, transactions need to take place. There is no money, because our economy is phucked & we are high risk with out banks holding too much real estate in repossession( the highest levels of mortgagee in possession in our history). so it doesnt matter if interest rates are 20% or 0%. You cant get it.

 

[blacktip-reefy]

Senator Faulkner Quigs, Rogue or decent man. he seems to be saying what you cant bring yourself to say. That corruption in the Labor ranks is beyond a joke.

 

[Quigs]

Like I said, the interest rates are irrelevant. For the economy to move, transactions need to take place. There is no money, because our economy is phucked & we are high risk with out banks holding too much real estate in repossession( the highest levels of mortgagee in possession in our history). so it doesnt matter if interest rates are 20% or 0%. You cant get it.

Hi risk my arse Honourable Reefy Son... the world is lining up to invest in us.

Youse is just full of it .

 

[Quigs]

straight drives the fulltoss back past the bowler..

AUSTRALIAN CONSUMER CONFIDENCE RISES AGAIN – UP 2.4PTS TO 117.4
HIGHEST SINCE JANUARY 2012
Article No. 1885 - This weekly Roy Morgan Consumer Confidence Rating is based on 1,009 face-to-face interviews conducted Australia-wide with men and women aged 14 and over last weekend, December 1/2, 2012.: December 04, 2012
The weekly Morgan Consumer Confidence Rating is now at 117.4pts (up 2.4pts over the past week). Consumer Confidence is now a significant 6.2pts higher than a year ago, December 3/4, 2011 — 111.2.
Driving the rise was more confidence in Australia’s economic future and also in personal financial situations compared to a year ago.
Australians are more confident about Australia’s economy over the next twelve months with 32% (up 2%) of Australians expecting ‘good times’ economically compared to 28% (down 3%) that expect ‘bad times’.
​

 

[blacktip-reefy]

WOW!! highest since January 2012 !!!!!!!!! MFG!!!!!!!!

 

[blacktip-reefy]

& Quigs , I was interviewed too. I said I was confident in the economy improving. Because I know
Gillard is gone.