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 Post subject: Re: Ominous signs in Australia
PostPosted: Tue Jun 05, 2012 9:31 pm 
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Does Australia working hours include lunch break? anyone know?

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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jun 06, 2012 5:53 am 
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Blindjustice BATONEFFECT wrote:
Does Australia working hours include lunch break? anyone know?


Not that I know of and definitely not in my company. I typically work 8 - 5 with a 1 hour lunch though its very flexible, I'm permanent though. My GF who is a contractor is on a day rate and she is supposed to clock in 8 work hours a day too.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jun 06, 2012 7:09 am 
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Blindjustice BATONEFFECT wrote:
Does Australia working hours include lunch break? anyone know?


Working hours in Australia does not include a paid lunch break . I worked as a contractor in over 50 different companies in Oz over 5 years and there was only one employer who offered a paid lunch break as a perk to its permanent staff .

It is a real pain in the ass for employers as the government will pop in every so often and check time sheets . I used to work Saturdays and Sundays on double time a lot , and the government would force me to sit down of 30 minutes off the clock each day of overtime costing me money .



http://www.fairwork.gov.au/industries/c ... reaks.aspx


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 Post subject: Re: Ominous signs in Australia
PostPosted: Tue Jun 12, 2012 11:25 am 
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NSW doubles FHB grant:
http://www.news.com.au/money/property/f ... 6392861922

$7,000 to $15,000. Let's see if they'll sell themselves into slavery for $8,000? There's also a time limit on it which should whip them into a frenzy, then it goes back down to $10,000.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Tue Jun 12, 2012 1:55 pm 
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Thanks for the replies earlier.
I`m in Perth at the moment and travelled via Brisbane. I met four Irish during the half day between flights I spent in the CBD.
While in Perth I cannot go anywhere without hearing Irish accents. I`ve seen two guys wearing Irish jersey type tops and saw one irish flag flying at the back of a house. One guy I met is on his second year here and had a scholarship in the US for 6 months. He is going home shortly. That is 2 and a half years dodging the recession and it is still goin to claim him!

Another girl I met is on her first year here - doesnt qualify for the second year because of her age and doesnt qualify for any skilled visas. She told me she thought it would be easy to stay here. She didnt seem too happy with the idea of having to go home.

Things are quite expensive here even when compared with the remote mining town where I came from. Property is sooo bubbilicious.

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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jun 14, 2012 12:06 am 
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DSE3Br wrote:
NSW doubles FHB grant:
http://www.news.com.au/money/property/f ... 6392861922

$7,000 to $15,000. Let's see if they'll sell themselves into slavery for $8,000? There's also a time limit on it which should whip them into a frenzy, then it goes back down to $10,000.


No crash and bigger grant makes cian go something something..... don't mind if I do ahhhhhhhhh XX

Just when things are starting to slide a bit they try and prop it back up. This grant does nothing more than transfer money from the tax system into the hands of property sellers.

First Home Buyers Grant... more like Home Sellers Grant.

A joke.

Rant over, nuff said.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Thu Jun 14, 2012 5:41 am 
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Didn't something similar go on with finna fail and developers?

http://www.theage.com.au/opinion/politi ... 20am6.html


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 Post subject: Re: Ominous signs in Australia
PostPosted: Sat Jun 16, 2012 9:36 am 
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Brickies and floor tilers off Australia skills list - Thomas Molloy -> http://www.independent.ie/national-news ... 39998.html

Quote:
Bricklayers, floor tilers and chemists will soon be taken off Australia's official skills shortage list and people with these trades won't be able to apply for permanent residency unless they are sponsored by an employer, the Australian authorities said.
The trades will be scratched from the list from the beginning of July because Australia has enough of these skills. That means it is now too late to apply for a visa because the application process takes several weeks.

there is more

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 Post subject: Re: Ominous signs in Australia
PostPosted: Tue Jun 26, 2012 6:25 am 
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Census reveals that mortgages have steeply increased but so have rents.

Quote:
WA's median mortgage repayment has soared 58 per cent in five years to nearly $2000 per month, while renters are paying almost double what they did in 2006, the latest Census shows.

At the same time, the median wage has increased by only 32 per cent, to $662 per week.


Read more: http://www.watoday.com.au/wa-news/censu ... z1ysV7duLk




http://www.watoday.com.au/wa-news/censu ... 20qul.html

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 Post subject: Re: Ominous signs in Australia
PostPosted: Tue Jun 26, 2012 10:39 am 
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I had a quick look at the census statistics for Australia and it said that the vacancy rate for housing came in at 10.7% nationally. Not sure how this compares with 2006 & 2001.

EDIT: Up from 9.85% in 2006. Household size remains unchanged.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Wed Jun 27, 2012 12:05 am 
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DSE3Br wrote:
I had a quick look at the census statistics for Australia and it said that the vacancy rate for housing came in at 10.7% nationally. Not sure how this compares with 2006 & 2001.

EDIT: Up from 9.85% in 2006. Household size remains unchanged.


The real find of the census is that rents have increase massively too. This didnt happen in Ireland.

Also, the national housing supply council have been left with much egg on thier face as their estimate of the number of australian households (8.7 million) is about 1 million over what the census showed rendering most of their demand projections rubbish.

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Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.- JK Galbraith

Taxes are what we pay for civilized society. -- Oliver Wendell Homes.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jun 29, 2012 1:38 pm 
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The taller they are, the harder they fall: Q1 prices falling steeply from boom-time Surfers Paradise highs

Quote:
It’s the tallest building in Australia, and the Q1 has recorded some of the steepest price falls over the past financial year.

Just one of the 28 recorded sales since July last year actually went up on its previous boom-time sale price.

The average price drop among the 27 price falls was 26% on its former boom-time sale.

The worst fall was 51% on the 57th floor, with a $970,000 mortgagee sale. It had fetched $2 million in 2006.

There were another seven sales reflecting declines of 40% or higher, three of which were on the upper floors with $1 million plus prices.

Just six of the sales were officially mortgagee sales.

The only apartment that went up was on the 23rd floor, and it was nothing special. It fetched $326,000 in January, having last sold at $321,000 in 2002.

The cheapest sale was $250,000 on the 12th floor, which was 21% less than its $318,000 off-the-plan sale price in 2002.

The priciest resale was $1.3 million on the 71st floor. It had sold at $2.32 million in 2003, reflecting an overall 41% drop, having also sold in the interim at $1.6 million in 2009.

There were also 28 apartment sales in the 2010-11 financial year with just one official mortgagee sale.

Q1 is ranked the world's third tallest residential tower after the 348-metre building The Marina Torch in Dubai won formal recognition as the tallest residential building in the world in April 2011.


http://www.propertyobserver.com.au/quee ... 2062955345

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 Post subject: Re: Ominous signs in Australia
PostPosted: Fri Jun 29, 2012 1:45 pm 
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It must be five years now since the Gold Coast bust. Not really news.


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 Post subject: Re: Ominous signs in Australia
PostPosted: Mon Jul 02, 2012 9:29 pm 
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Remember the property porn programmes of 10 years ago


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House prices are cyclical, no nation has ever lived through a perpetual house price expansion or contraction.
Money is a public good; as such, it lends itself to private exploitation - CP Kindleberger


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 Post subject: Re: Ominous signs in Australia
PostPosted: Sun Jul 08, 2012 12:11 am 
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The reserves for those 4 The Blocks houses were set ridiculously low it seems, the range in that suburb is between 1m and 2.5m apparently. There's been a lot of stories that while it was great for TV ratings, they final sale prices probably don't even cover the cost of purchase and renovation. But it is a TV show, so to be fair I'm Channel 9 don't care.

Meanwhile in outer Melbourne, "NOTHING TO SEE HERE!"

Says Housing Industry of Australia's economist:
http://www.theage.com.au/victoria/housing-glut-hits-suburbs-20120707-21o6k.html

Quote:
''There's no reason for concern. The stock on the market tells you nothing about the fundamentals. It's underlying demand that matters. Melbourne's new homes market is in good shape,'' said HIA economist Andrew Harvey.


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