The above is a partial quote from the AUSTRALIAN of 16/11/09. I have been concerned about the US economy for some considerable time and have been writing blogs musing on the likely fall out. So far I have concentrated on the direct impact on Australia, i.e. AUD up, gold up, interest rates up, unemployment up [...]
I don’t think the RBA has taken enough consideration of the international implications of this rate rise.
We are a trillion US dollar economy compared with the US 14 trillion USD economy and the USD 60 trillion world economy. Our country is only a speck internationally, traditionally only 2% of turnover for global giants like Nestle, [...]
China holds over 2 trillion US$ in foreign reserves of which about 700billion US$ is invested in US$ Treasury Notes, which earn interest but are losing value with the falling US$. China also holds over 1000 tonnes of gold which costs money to store but at least is going up in value to over USD [...]
At this time in the quarter all small businesses should just have paid their 1st quarter 9% compulsory superannuation guarantee payments.
For those people like myself who have to make these payments, this can be a very frustrating time:
1) Because under “CHOICE” I have to send the money into about 10 different funds using about 5 [...]
Events are now occurring so quickly it is hard to keep up. New York is down again sharply, Harvey Norman has just had its worst month, Ford Australia is retrenching more, Rio Tinto is reviewing its capital expenditure because it can’t sell assets quickly enough, and the new NSW government is searching desperately for a [...]
The New York Times of 19th September 2008 features an article on the pain of selling property for less than the loan on it (called a “short sale” in America). The article “The Pain of Selling a Home for Less Than the Loan“ gives an actual example of Mr Kelly who got a new job [...]
In America they have tens of thousands of banks, merchant banks, mortgage brokers and call centres all trying to outdo each other to lend America’s cheap money to anyone who wants to borrow it. At the call centre level the operators ring up people using a reverse phone book (addresses first so you can ring [...]
I have a weekender on the South Coast and a home in Sydney. The weekender attracts land tax. Every year in January we receive our land tax bill from the Office of State Revenue (OSR) and we pay it in February, with 2008 being no exception.
On 23rd May 2008 Shoalhaven City Council wrote to me [...]
Of today’s 8 auctions in the Cronulla area, three were sold prior with one exceptional result (54 Water Street by Sean Egan for $1.8 mil). Three were passed in, one was cancelled and 23 Smarts Crescent is still to be held. We will adjust these figures as more come to hand. Attendance at auctions and [...]
Welcome to our relaunched and now interactive website. We hope to bring you useful information about real estate in general and auctions in particular. Beach & Bay’s website is focusing on our immediate suburbs from Cronulla to Lilli Pilli, but the system will be extending to the whole of Sydney (Agent enquiries welcome at info@housebook.com.au). [...]
