duncanriley.com - Latest Comments in Defeating Ruddonomics a pile of money at a time

Re: Defeating Ruddonomics a pile of money at a time

Live lead transfer — Mon, 13 Jul 2009 20:43:29 -0000

Great post.. I really enjoy reading your post..
Keep posting..

Re: Defeating Ruddonomics a pile of money at a time

Live lead transfer — Mon, 13 Jul 2009 20:42:28 -0000

Great post.. I really enjoy reading your post..
Keep posting..

Re: Defeating Ruddonomics a pile of money at a time

Mike — Wed, 27 May 2009 10:08:51 -0000

Property prices are crazy in Australia. The pool likes nice. If it's shared by everyone at least you don't have to bother with the cleaning.

Re: Defeating Ruddonomics a pile of money at a time

Duncan Riley — Tue, 26 May 2009 02:56:05 -0000

In some regard, you're right. Well, specifically economically you're right, but I'm not sure it's a political message that is getting through (and hence the only real advantage from it for the Government). My deep concern, and I've really rolled the dice here, is what will be the effect on the market post first home buyers grant. The play is: will the economy have bounced by the end of the year or not. If it has, there will be no move. If it goes dramatically backwards, there's going to be a correction...and that screws me buying now (although we've bought a new property further out, so I'm hoping the impact would be lower vs something more expensive closer in).

We'll know about November :-)

Re: Defeating Ruddonomics a pile of money at a time

martin_english — Tue, 26 May 2009 01:45:39 -0000

Ross Gittins commented in the SM earlier this year on the same problem. However, he saw it as having a 'politically correct' outcome; It loks like Rudd is doing something to help the first home buyer, but by maintaining the prices of existing housing stock, he lessens the loss of confidence (and the attnendant risks of defaults or foreclosures) due to people loosing equity in their houses.