nyonyamansor09

If you're one of the four hardy souls who visit this abandoned dump on a regular basis, I can only assume you're suffering from Alzheimer's. Only someone without a memory could keep returning to read the same post day after day without update. If that's you, you've already read this yesterday. Now I can't even remember why I started this obnoxious site. I recall getting a little annoyed with BS real estate media reports. Something that may have been noticeable at one time or another. Initially, I had nothing more than mild contempt for the media. It has grown. It was fun for a while. People talked on forums. Came to visit. Occasionally left a comment. Even babes writing for respectable publications referenced me in their work. The impact had some Tasmanian media peeps actually being more measured in their spruiking. And fewer real estate goons were prepared to take ice-cold stats and pimp them in the media as scorching hot. Someone was watching. But why did it a...

Rotten. That would be the only way to describe the latest ABS housing finance statistics for Tasmania. Sure they're up on last month and you can make statistics dance anyway you choose, if you're so inclined. Yet for the whole of 2010, Tasmanian housing finance commitments have not cracked 1000 in any month. Well what does that mean? August and September of 2008, in the midst of the global financial crisis, was the last time figures hit this mark and looked like staying there. And we know what happened next, Rudd and Swan tossed money out into the battlefield and their doe-eyed saleswoman, Tanya Plibersek, sold the cash bribes to the naive and inexperienced first home buyers. Thanks to that intervention, the figures climbed above 1000 and stayed there until January this year, when the bribe was withdrawn. Since that point Tasmanian housing finance commitments have continued in a bottom bumping trend, under 1000 per month. To put this in perspective, sub-1000 is a figure not con...

It was a momentous moment. After four months and two discounts, the pictured house dropped below the 400k price level. Why is this so momentous? The house sits within one of Burnie's McMansion estates, where eight houses, equating to over 20% of this estate are up for sale, and all houses were listed over 400k. That was until this week. It's now at $399,000 (I'm sure that $1000 was a true psychological barrier for buyers) down from $425,000. Reluctantly this owner has seen the writing on the wall and offered a token discount, while no doubt the other vendors keenly observe. Only one other vendor has seen fit to discount, and this amongst a group of houses that have sat, without interest, from two to seven months. The pictured vendor may still walk away with significant gains, the house was purchased in 2002 for $179,500, but it's the newer owners in the estate who will be getting edgy. When you shelled out 400-600k over the past couple of years and the guy across the ro...