rsimeon

Politicians in 2011 are shrinking the Australian economy

.

Had to agree with Mungo MacCullum when he wrote this week – Has Australian politics ever been more depressing? To such an extent that even Rudd, Turnbull overshadow leaders in poll. Add a NSW state election next week where Premier Bambi is learning fast  that in NSW they like her, but don’t rate her. At least Barry O’Farrell announced “if we don’t deliver, kick us out” which is no doubt a stinging rebuke at Julia Gillard who prefers to pursue policies of lies and deception.

The key is consistency, Labor is lacking where the only thing consistent with our Prime Minister is an inability to lead. Carbon Tax, border protection, health, mining tax announcements all remain  atop of the in–tray, none of which are resolved. Throw in pokies cost – benefit study could make reforms tougher, threatening Labor alliance with Wilkie. Now the Prime Minister is taking on 7,500 pubs and clubs in Australia to appease one “Green vote”. The odds against Australia’s 27th Prime Minister are shortening. Clue?

When Newspoll results are revealed next Tuesday, the “faceless men” will again come to the fore (somewhat identical to our Australian economy). A carbon tax really needs a mandate to become a reality.  Should Julia Gillard be removed (it could happen) Australia’s most unpopular government ever, has a – rocky road ahead. We all know that the carbon tax is hurting Labor: Nathan Rees as Gillard running out of options on carbon tax as attempts to sell it fail. What will be interesting is to see if tax payer monies are spent advertising her new tax when no monies were available to alleviate a flood tax?

BUY PRINT

Wolseley Road is the world’s ninth priciest in the world which equates to approximately $20,500 a square metre value based on recent comparable sales.  Australia’s number one address for residential real estate?   I still can’t go by Balmoral as my preferred location.

Emissions charges ‘to skyrocket’ by between 118 per cent to 315 per cent when the carbon tax converts to an emissions trading scheme, according to new modelling conducted for the resources industry. In an extraordinary back–flip, Julia Gillard turns on Greens in carbon tax debate which suggests our prime minister has become delusional and is drowning in her deceptions .


Source: The Australian

Interesting to note that property hits new records which further explains why house prices ‘too high for cops, teachers which is easily explained by governments ignoring transport infrastructure where Sydney has the most million – dollar properties.

So let’s look at Mosman house price movement from 1999 to 2010. This week we look at price movements from 1999 to 2004. Next week 2005 to 2010 where market movements are staggering, considering  that all was rosy until the global financial crisis.

1999 – MOSMAN HOUSE SALES ABOVE $5,000,000

  • Number of houses sold – 1
  • Total Value – $6,400,000
  • Average Price – $6,400,000
  • Highest Price – $6,400,000
  • Auction Clearance Rate – 0 per cent

RWM Research observations: With hindsight, this sale was a historical moment for Mosman top – end properties where this acquisition was amalgamated with the adjoining property (acquired earlier) to create today, Mosman’s most expensive landholding (nearly 6,000 square metres). This was also the beginning of site consolidations along Hopetoun Avenue.
Source: Domain Property Data

2000 – MOSMAN HOUSE SALES ABOVE $5,000,000

  • Number of houses sold – 4
  • Total Value – $22,550,000
  • House Sales – $5,000,000 – $5,999,000 – 4
  • Average Price – $5,637,500
  • Highest Price – $5,900,000
  • Auction Clearance Rate – 0 per cent

RWM Research observations: Three sales on The Esplanade and one on Burran Avenue for $5,600,000. The $5,000,000 + markets are now starting to gain momentum.
Source: Domain Property Monitors

2001 – MOSMAN HOUSE SALES ABOVE $5,000,000

  • Number of houses sold – 14
  • Total Value – $91,860,000
  • House Sales $5,000,000 to $5,999,000 – 7
  • House Sales $6,000,000 to $6,999,000 – 3
  • House Sales $7,000,000 to $7,999,000 – 2
  • House Sales $8,000,000 to $8,999,000 -1
  • House Sales $15,000,000 to $15,999,000 -1
  • Average Price – $6,561,428
  • Highest Price – $15,500,000 (RWM)
  • Auction Clearance Rate – 57 per cent

RWM Research observations: This was the first time Mosman broke the double digit top–end sales market – much like first on the real estate moon. RWM was the first agency to break the $10,000,000 + real estate market.
Source: Domain Property Monitors

2002 – MOSMAN HOUSE SALES ABOVE $5,000,000

  • Number of Houses Sold – 12
  • Total Value – $79,050,000
  • House Sales $5,000,000 to $5,999,000 – 5
  • House Sales $6,000,000 to $6,999,000 – 3
  • House Sales $7,000,000 to $7,999,000 – 2
  • House Sales $8,000,000 to $8,999,000 – 1
  • House Sales $9,000,000 to $9,999,000 – 1
  • Average Price – $6,587,500
  • Highest Price – $9,400,000
  • Auction Clearance Rate – 40 per cent

RWM Research observations: Sales fell from 14 to 12 and the average price above $5,000,000 consolidated. It should be noted that no properties sold in excess of $10,000,000 with $9,400,000 being the highest recorded sale.
Source: Domain Property Monitors

2003 – MOSMAN HOUSE SALES ABOVE $5,000,000

  • Number of Houses Sold – 25
  • Total Value – $157,900,250
  • House Sales $5,000,000 to $5,999,000 – 14
  • House Sales $6,000,000 to $6,999,000 – 8
  • House Sales $7,000,000 to $7,999,000 – 1
  • House Sales $8,000,000 to $8,999,000 – 1
  • House Sales $9,000,000 to $9,999,000 – 1
  • House Sales $11,000,000 to $11,999,000 – 1
  • Average Price – $6,316,000
  • Highest Price – $11,000,000
  • Auction Clearance Rate – 40 per cent

RWM Research: Sales more than doubled to 25 although the average price reduced marginally. This consumer sentiment heralded that the Mosman top – end markets were alive and well. For the time being “money was not an object” money was the lifestyle where the two resided in harmony.
Source: Domain Property Monitors

2004 – MOSMAN HOUSE SALES ABOVE $5,000.000

  • Number of Houses Sold – 18
  • Total Value – $124,951,000
  • House Sales $5,000,000 to $5,999,000 – 6
  • House Sales $6,000,000 to $6,999,000 – 9
  • House Sales $7,000,000 to $7,999,000 – 0
  • House Sales $8,000,000 to $8,999,000 – 0
  • House Sales $9,000,000 to $9,999,000 – 0
  • House Sales $10,000 to $10,999,000 – 2
  • House Sales $11,000,000 to $11,999,000 – 1
  • Average Price – $6,941,722
  • liHighest Price – $11,000,000
  • Auction Clearance Rate – 0 per cent

RWM Research: Top end auctions non–existent with the average prices showing a marginal increase. Sales volume down from 25 to 18 as was the total value sold from $157,900,250 to $124,951,000. Three sales in excess of $10,000,000.
Source: Domain Property Data

A strong possibility that in 2011, the highest sale will be below $10,000,000 – interesting to see what happened to top – end properties in Mosman during the global financial crisis. All revealed in next week’s edition.

Watch the Newspoll results next Tuesday – should her popularity continue to decline (to record lows) her position as prime minister will be all but untenable. I stand by my prediction that by Easter we will have yet another prime minister. Kristina Keneally gone next weekend and Gillard recording the lowest-ever approval rating as a prime minister in Australia’s political history.

Strong possiblity of a challenge next week – The Emperor (KRudd) wants to attend the Royal wedding.

Cheers ^__^

Take a look at look at this week’s property results which is indicative of what happens with new taxes and disasters

This week’s sales Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Cremorne real estate, Cremorne Point real estate, Neutral Bay real estate, Cammeray real estate Click Here