Is Australia an expensive country?

[RB]

And I am paying just under $A140 per night at the SGS Bangkok including a sumptuous breakfast buffet and 2 hours complimentary drinks each evening for the 2 of us.

Keep in mind that a max of 4 drinkies is required to not impact on your health. No excuse re the knee accepted

 

[Mal]

More signs of an impending bust?
Australian home prices world's most over-priced: Economist survey

It's quite simple. The Australian property market is overpriced. This cannot be sustainable. When will the bubble pop? No idea. I keep thinking it will be soon, but I've been proven wrong before.

Eventually there will be "the perfect storm" that will cause the pop to happen. Interest rate rises, a slowdown in the mining boom, unemployment increasing, Govt changes to tax legislation are all various things that could cause it to happen. But it could also be caused by a myriad of other reasons.

I'm very sure it will happen. We are not different to the rest of the world.

 

[JohnK]

I made a mistake with breakfast in the motel in Mackay.

It costs $13.50 for bacon, eggs and tomato and $16.50 if you want sausages as well. Fruit juice, coffee and tea are $3.00 extra.

Oh, and if you want a takeaway lunch then 2 cold meat and salad sandwiches, muffin and water at $22.00 is a bargain. :shock:

 

[anat0l]

It costs $13.50 for bacon, eggs and tomato and $16.50 if you want sausages as well. Fruit juice, coffee and tea are $3.00 extra.

About the same price in major cities, oddly enough.

Oh, and if you want a takeaway lunch then 2 cold meat and salad sandwiches, muffin and water at $22.00 is a bargain. :shock:

Tell me the clientele is mainly miners, right?

 

[drron]

Keep in mind that a max of 4 drinkies is required to not impact on your health. No excuse re the knee accepted

But do you realise that the older you get the more you can drink.Studies of the over 80s reveal that those that drink the most live the longest.

 

[TonyHancock]

But do you realise that the older you get the more you can drink.Studies of the over 80s reveal that those that drink the most live the longest.

I think I may be immortal!

 

[oz_mark]

It's quite simple. The Australian property market is overpriced. This cannot be sustainable. When will the bubble pop? No idea. I keep thinking it will be soon, but I've been proven wrong before.

Eventually there will be "the perfect storm" that will cause the pop to happen. Interest rate rises, a slowdown in the mining boom, unemployment increasing, Govt changes to tax legislation are all various things that could cause it to happen. But it could also be caused by a myriad of other reasons.

I'm very sure it will happen. We are not different to the rest of the world.

I also think it will happen, although it hard to know what is going to trigger it. Possibly the negatively geared market will go first as lower capital growth no longer covers the expenses of owning the property.

I'm looking out for a buildup in unsold houses that may precede any drop.

 

[drron]

I also think it will happen, although it hard to know what is going to trigger it. Possibly the negatively geared market will go first as lower capital growth no longer covers the expenses of owning the property.

I'm looking out for a buildup in unsold houses that may precede any drop.

Regional Australia-well QLD and TAS where I spend my time is already experiencing drops.In Hervey Bay if you have to sell it will be at up to 25% off the market peak prices.Even in Noosa people are waiting 2-3 years to sell at their desired price.

 

[Mal]

I'm looking out for a buildup in unsold houses that may precede any drop.

I believe this is already happening (at least in Brisbane).