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  1. HOUSE prices and rents are set to go through the roof again in Brisbane, The report, prepared by BIS Shrapnel, says the underlying strength of the Australian economy, stable interest rates in the short term, high immigration and a dire shortage of houses, will be the main drivers of this growth. It forecasts the Brisbane median house will lift by 16 per cent to $505,000 over the three years to June 2014. The rise in home prices and shortage of accommodation is also expected to force up rents. This compares with 20 per cent in Perth, 19 per cent in Sydney, 8 per cent in Canberra and only 6 per cent in Melbourne. It also predicts that first home buyers will start to re-enter the market in greater numbers next year as the outlook for the economy improves. This will in turn encourage others to return, especially upgraders, as demand for their properties improves. ''Sydney hasn't fallen in a hole and house price growth has been minimal but has held up over the last 12 months,'' said Robert Mellor, the managing director of BIS Shrapnel. But he predicts this will jump to about 5 per cent in 2011-12 and 7 per cent the year after, before growth will start to slow as a result of higher interest rates in 2013. ''At some point in the next few years rising interest rates will become a concern and that will bring a slowing in residential property markets,'' Mr Mellor said. BIS Shrapnel chief economist Frank Gelber warned the Melbourne market was "running out of steam" as supply levels for new homes increased to satisfy demand. Would-be house buyers would be deterred by a likely 100-basis point increase in interest rates over the next few years. Such a rise would take the official rate to 5.75 per cent. "The property market will stay stronger over the next few years but there will be no huge increase in (residential) property prices over the next five years in Melbourne," Mr Gelber said, speaking in Melbourne. "The next big increase in Melbourne property prices won't be until the next upward phase of the economy." Separately yesterday, a report from the Housing Industry Association revealed that in the past year, Australia's major developers built about 50,500 new houses - down about 20 per cent from the previous year. Commercial to eclipse residential Despite the optimistic outlook for home owners in most capital cities, residential property will be outperformed by commercial property over the next 10 years, according to research by ANZ. Equities will eclipse residential real estate as the strongest performer, but ANZ suggests that when risk is factored in, commercial property will generate similar returns. The report, Asset returns: Past, Present and Future, said owner-occupied housing had made annual average returns of 12 per cent over the 24 years since 1987 even when costs and taxes were factored in. Simple historical comparisons of equities and property are often used by property analysts to demonstrate housing's superior capital returns but ANZ included costs, taxes, interest on loans and factored in the risk associated with investing. It found that owner-occupied housing had the highest returns, outperforming investment property, in part because of capital gains tax exemptions. Investor housing was the next best asset class, performing slightly better than equities over the time analysed, the report said. They were followed by government bonds, term deposits and commercial property.
  2. OK, so some of you know that I am having problems with my Internet provider at the moment, no names but it is 'Virgin' on the ridiculous now. Won't go into too much detail but they buggered up my direct debit by taking the monthly payment out 10 days early, as there was not sufficient sums in my account they (without notice) cut off my broadband including phone and tv. I have several feelers out looking for that bloke that sounds like a famous pickle and when I find him I will have a chat. But the principle is this, NEVER missed a monthly payment in nearly four years, and for some unknown reason they in their wisdom decided that the DD should be taken out early. Some if you will know that there is no way on gods green earth that I will back down on this. Ombudsman, etc have been contacted but we are now at stalemate, the last conservation with them resulted in me being told by an 'Advisor' that the tenure if my conversation was rather forceful and they were terminating the conservation there and then,:mad::biglaugh: In the meantime can a anyone reccomend different providers in the UK who you have experience of. I have only ever been with this company and would welcome your advice if at all possible. Preferably an all in one package, phone, broadband etc. Before I do something really silly I NEED to get back online asap as I have developed a facial tick through PIO withdrawal and the family are really pi77ed at me because I have been like a maniac cleaning the house and get very upset if a spoon is out of place,:arghh::biglaugh: Thanks for listening, and sorry if I don't reply too soon as I can only use my iPhone outside my favorite cafe, which is costing me a fortune in caffiene and nicotine, and the staff have asked if I want a permanant pitch. Cheers Tony. :wink:
  3. Rock Hound

    Before i jump in

    Right well after having done a bit of research and looking into things there are still a few niggling questions :confused: Right my situation is that i am looking to go to perth on my own in about a week or so on a working holiday visa with the view of getting a more permanent visa after a few months. I work in the mining industry so finding work doesnt seem that much of a problem (already had one phone interview and the recruiter i am using says he has a few interviews lined up when i get out there). 1) My inital plan is to say at a hostal for a couple of weeks as i cant seem to find anywhere cheaper unless someone here has/knows of a room going cheap? Does this sound ok for my first couple of weeks? 2) Should i have many problems finding a house to rent considering i am in oz on a whv? 3) I was think of opening a po box so i could apply for my tfn and medicare. Would this be ok for this or do i need a permanent address? I cant think of anything else right know except that it all seems a bit daunting :unsure:
  4. touch107fm

    Jump for joy (457 granted) 15 days

    Well guys.. Guess what at 03.04 am today my girlfriend got a email telling us that there is a backlog and our 457 visa application could be delayed by a few months... Follow by another email approx 20 minutes later tell us Both our visa's have been granted......... jump for joy...... I am so over the moon it the best news ever. I know I have being like most people on this forum looking for help. First off I would like to thank all those who helped me with our application. Our story as I told it back November 2009.. Hi everyone just wanted to say a big hello. I was doing a some research into Australia as things have changed in my life in the last month. I am a 29 year Irish male living in London I am currently working for the BBC as a Engineer. My girlfriend is a nurse and she recently went to OZ for 6 months. She wants to live in Oz for a couple of years. I wasn't to sure about heading over because I got a good job at the BBC. Well I got the biggest bombshell last Sunday week and I was told that my contract will be terminated on the 31st of December. Not good I was in shock when they told me due to cost saving and a case of last in First out. I was up against guys who where there for 20 or 30 years.. So what is next, Girlfriend has just gone to oz + now I am just about to lose my job. Well trying to stay positive is my main aim. I got my experience and I am not afraid to turn my hand to whatever work comes my way. I realise that there is a major recession and people are losing there jobs left right and centre. Now here is why the reason why i am here on this great site. I have being to oz before on a working holiday visa loved it but could not get work in broadcast/media because of my visa restrictions. Now my girlfriend has always wanted to live in OZ. She is a nurses. So the plan we made about 1 year ago was for her to test the and live and work in Sydney in nursing. She is currently about 3 month into her 6 months. So as I said plans have changed, she now wants me to go out to her in Sydney and give living out there a go. I know I would love it but I am worried she will start to miss home and then want to move home after a year or so. So far she is loving it and she keeps saying that she is totally happy out there but she keeps says that she will not be completely happy until we are both together in Sydney. [/font] So I have done a little homework and so has my girlfriend. She has a meeting with someone from work to talk about getting sponsored at her hospital and from what her adviser has told her I should be able to get a DE facto visa on the back of her visa. OK so that was back in November. A update. Well work decided they didn't want me to go at Xmas and i am currently working away in fact I have never being busier with work I got a load of new projects and I know there are going to be upset when I tell them I am leaving. My girlfriend loves it over there and she told me last week there was no way she was going back to the UK. She loves it.... Just what I wanted to hear. It was my biggest concern that after 6 months she started to miss the UK and her family. I don't want to uproot and then have to return to the UK after 9 months. Only time will tell. I am seriously very happy right now. WE GOT OUR VISA'S OK here is a timeline. Please note we applied online as she is over in Sydney and i am over in London. Applied online on the 5th on January: Started uploading Documents such as: Joint bank (we only got one set up in Sept 2009) Lots of pictures of me and her together Both of our scanned certified passports Both CV'S Old facebook emails to and from each other P60 My bank statement showing how much cash I have got saved... Scanned wedding invite My girlfriend sent a couple of documents from her hospital in Sydney (Job offer etc) I think that was it, I spent a few nights going through all our crap looking for old statements etc. God was I stressed. I ask few questions about insurance on this site. We ended up getting private insurance and will probably sort out medicare when we get settled. I am very surprised that they have not asked me for my : Police checks My medicals I actually ordered my police check... My girlfriend did all hers when she applied for a job in Sydney and uploaded hers to the application. Today is the 19 of January so that took 11 days not bad eh. I play on joining my girlfriend in Sydney around the first week in April. I may have a job lined up fingers crossed. Me and my girlfriend are looking forward to our lives in Australia. I am going their with a open mind and will embrace the culture change and of course the weather. I have being on this forum reading all the posts about people comparing OZ to the UK. It really makes me laugh why compare its on the other side of the world. Its not England so get over it. I have being lucky enough to have travelled all over the world, I have lived in Sydney for a year and loved it. One thing that annoy me is why do people complain how things are not like what its like in the UK. Its all about embracing the new culture.. I am not going to go on about this rant as I am too happy to rant right now .... Once again thanks again to all that helped me and my girlfriend out ... PS I also involved in a unknown sport called paramotoring and will be flying as soon as my gear arrives from the UK. If any of you Sydney folk fancy joining me as I be looking to gain some flying buddies to join me. check out the video and see what you think. Its not me in video buy you will get the idea.. Peace 2010 ..
  5. Extract from: House prices jump 20pc - ABC News (Australian Broadcasting Corporation) House prices have surged by 20 per cent this year, giving the Reserve Bank board more reason to lift interest rates when it meets tomorrow. Figures from the Bureau of Statistics show a rise of almost 5 per cent for the quarter, and 20 per cent for the year. It is the largest annual increase since the series began in the March quarter of 2002. Melbourne led gains with quarterly prices rising 6.7 per cent and annual prices up 27.7 per cent. The strongest growth came from established houses with relatively high prices. Over the quarter the other capitals also experienced positive contributions: Sydney up 5.3 per cent, Perth 3.5 per cent, Brisbane 2 per cent, Adelaide 2.7 per cent, Canberra 5.4 per cent, Hobart 4.2 per cent and Darwin 3.6 per cent. Annually, house prices rose in Melbourne 27.7 per cent, Sydney 21 per cent, Canberra 20.6 per cent, Darwin 17.5 per cent, Perth 15 per cent, Hobart 14.1 per cent, Brisbane 12.1 per cent and Adelaide 10.8 per cent.
  6. kernow43

    Huge jump in employment

    There has been a big jump in employment which is great news, 3 times more than what the experts predicted. Australia&squo;s unemployment rate falls to 5.5 per cent | The Courier-Mail
  7. kernow43

    House sales jump 40% in March

    BBC NEWS | Business | House sales 'jumped 40% in March' A 40% jump is what a lot of folk need.
  8. Guest

    jump on the plane and go???

    When you get your visa will you be just jump on the plane and fly to auz and get a job when you are there? Has anyone done this:jiggy:This is what other half is saying to do im scared:shocked: Sell everything and go aaaarrrggghhhh!!!
  9. Well its taken 4 days to come to terms with the fact,,but ,australia have pulled me on my medical and i now have to undergo further investigation with a specialist.We have known from day one we may have problems at this point due to a liver condition i have ,i guess you learn to blank things out and just focus on everything being ok ,but it still hits ya like a ton of bricks when you get that dreaded 'e-mail'.As Sparky said to me the other day ''at least they havnt said no''.i hope she knows them few words meant so much to me and gave me a kick up the bum to get motivated again ,so thanks mate,,, Will HOPEFULLY get everything sorted as soon as and get the specialist report out to them so they can put me out of my misery either way ,,still cant quite bring myself to think ''what if they do say no'' as i live ,eat ,sleep, and breathe Oz at the moment ,,so come on guys ,,spur me on ,any tips welcome,,,!!!!! Cal x SO NEAR AND YET SO FAR !!!