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Australian sub prime mortgage market.

Discussion in 'Australia' started by Arvin Grajau, Aug 11, 2007.

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  1. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2301 Arvin Grajau, Nov 28, 2008
    get the comment do you.
     
  2. Modeler

    Modeler F1 Veteran

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    #2302 Modeler, Nov 28, 2008
    Clueless.
     
  3. scud

    scud F1 World Champ

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    #2303 scud, Nov 28, 2008
    that's not what the decrepid thinks...
     
  4. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2304 Arvin Grajau, Nov 28, 2008
    the dumb one's can leave it in the bank at say 2% the smart on'e will go back into the share/property market.
     
  5. Aircon

    Aircon Ten Time F1 World Champ
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    #2305 Aircon, Nov 28, 2008
    it's only a matter of time.
     
  6. jeffQV

    jeffQV F1 Rookie

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    #2306 jeffQV, Nov 28, 2008
    Have any of the states in Oz introduced investor protection schemes? similar to the one here? NZF Money followed by Finance Direct were the first to be signed off here. Fin Dir were offering 9.15% for 12 months, now down to 7.65% and expected to drop further when the OCR comes down soon (expected drop 1 to 1.5%)
     
  7. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2307 Arvin Grajau, Nov 28, 2008
    Fed Govt with the banks up to 100k
     
  8. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2308 Arvin Grajau, Nov 28, 2008
    its a blood bath.
    two high pofile real estate agents have just finished up 40 staff,just before X/mas.
    People walking away from settlements at the top end of the market. ie, at least 50 last month in the top 3 suburbs.
    properties that sold for 4 million in July now back on the market at 1.5 million.
    its a blood bath.
    as one agent said to me "Sell Sell sell" "take what ya can,I still get paid"
     
  9. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2309 PAP 348, Nov 28, 2008
    He sure is! :D:D

    ;);)

    +1! :):)

    Huh!! :eek::eek:
     
  10. jeffQV

    jeffQV F1 Rookie

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    #2310 jeffQV, Nov 30, 2008
    100K, not much really is it? Here, if approved, $1 mill. capital only, no interest.
     
  11. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2311 Arvin Grajau, Nov 30, 2008
    no, but their was no need to do it anyway.
    I'm feeling better about the market ,gut feel is it the money will start to flow after X/mas.
     
  12. jeffQV

    jeffQV F1 Rookie

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    #2312 jeffQV, Nov 30, 2008
    positive thinking, thats what we need!
     
  13. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #2313 Arvin Grajau, Nov 30, 2008
    Rams still doing 80% lo/doc.insurance via Westpac
     
  14. b27

    b27 F1 World Champ

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    #2314 b27, Nov 30, 2008
    Well don't listen to BJ then. He's Mr Scrooge McDoom. (tm whoever:D)
     
  15. Modeler

    Modeler F1 Veteran

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    #2315 Modeler, Nov 30, 2008
    Its a sponge bath out there!
     
  16. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2316 PAP 348, Nov 30, 2008
    More like sponge cake! :D:D
     
  17. b27

    b27 F1 World Champ

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    #2317 b27, Nov 30, 2008
    Now you're talking. :D
     
  18. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2318 PAP 348, Nov 30, 2008
    Last edited by a moderator: Sep 7, 2017
  19. b27

    b27 F1 World Champ

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    #2319 b27, Nov 30, 2008
    Its ok mate Horse posted that the other day.

    But I do note he uses the tie as cover. :D
     
  20. moretti

    moretti Five Time F1 World Champ
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    #2320 moretti, Nov 30, 2008
    Last edited by a moderator: Sep 7, 2017
  21. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2321 PAP 348, Nov 30, 2008
    Last edited by a moderator: Sep 7, 2017
  22. b27

    b27 F1 World Champ

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    #2322 b27, Nov 30, 2008
    How cool Moretts. Who's the guy on the left. ;):p
     
  23. b27

    b27 F1 World Champ

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    #2323 b27, Nov 30, 2008
    Click x 348. :)
     
  24. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #2324 PAP 348, Nov 30, 2008
    Great pic! :):)
     
  25. b27

    b27 F1 World Champ

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    #2325 b27, Nov 30, 2008
    Last edited by a moderator: Sep 7, 2017
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