nyonyamansor09

It was an act of treachery, the likes of which this country had never seen. In the midst of a global financial crisis, investment banks were falling, countries were going broke and people were losing their life savings to scam artists. Just at this time, the leadership of the country decided to throw $14,000 packages out of the trenches, into the battlefields, and hope its most financially illiterate citizens would chase them. It worked. Thousands chased the money, chased up house prices and grabbed themselves a big debt backpack right when interest rates were at extreme lows. Of course in defending this, we found that truth was not the first casualty of war, truth became the first casualty when Kevin Rudd and Tanya Plibersek opened their mouths. Gone was the talk of the first home owner's grant causing unaffordability, now it was the one thing helping kiddies buy their own house. And most nearly anyone with a dollop of grey matter between their ears knew what the real game was - p...

Over the weekend we've been dealt divergent stories on the Australian real estate market. One essentially misplaced from the daily horoscopes, Libra and Scorpio: buyers will be madly snapping up houses in Sydney over your birth months. The other regarding Queensland's dying property market and the resultant carnage ripping through real estate offices, with many agents now dead on the battlefield. According to Andrew Carswell and Vikki Campion in the Daily Telegraph (yep, it took two minds to cobble this tale together) MORE than 100,000 Sydneysiders are waking from winter hibernation ready for a spring home-buying spree that experts predict will jump-start Sydney's property market.  Real estate agencies are anticipating a record flood of inquiries in coming weeks. What follows is a series of quotes from agents, one more laughable than the next, based on their hunches and assumptions. The kind investment analysis you'd hear at the bar after four pots, is now passing for n...