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        <item>
            <title>Behind 'Mortgage sales jump 11% in August'</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8978</link>
            <description><![CDATA[http://theage.domain.com.au/real-estate-news/mortgage-sales-jump-11-in-august-20100908-150bj.html

FACTOR 1

Figures from AFG

JUN10 Sales: 6,159 Average loan size: $377,233 LVR ratios: 61.6%
JUL10 Sales: 5,698 Average loan size: $370,505 LVR ratios: 62.4%
AUG10 Sales: 6,269 Average loan size: $373,750 LVR ratios: 63.0%

Good news: Mortgage sales jump 11% in August(:lol:)
Until we calculate the average property value ...

JUN10 Property value: $377,233 / 61.6% = $612.391
JUL10 Property value: $370,505 / 62.4% = $593,758(:frown:)
AUG10 Property value: $373,750 / 63.0% = $593,254(:rolleyes:)


FACTOR 2 

Mortgage Sales (Figures from AFG)

JAN09 5,607
FEB09 7,673
MAR09 8,988
APR09 8,109
MAY09 7,236
JUN09 7,062
JUL09 7,021
AUG09 7,653
SEP09 8,078
OCT09 7,138
NOV09 6,541
DEC09 5,185
JAN10 4,426
FEB10 6,294
MAR10 7,376
APR10 6,150
MAY10 6,624
JUN10 6,159
JUL10 5,698
AUG10 6,269(:redface:)

Media only plucked the numbers that looks good.

]]></description>
            <author>Hilltop</author>
            <pubDate>Wed, 08 Sep 2010 14:58:56 +0100</pubDate>
        </item>
        <item>
            <title>This country celebrates its lack of house price growth</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8970</link>
            <description><![CDATA[http://www.finance-economy.org/why-stable-prices-in-germany-view.html
The spirit behind the blog transcends the bad english (:lol:)]]></description>
            <author>pb123</author>
            <pubDate>Wed, 08 Sep 2010 08:37:06 +0100</pubDate>
        </item>
        <item>
            <title>Why Now is a good time to buy</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8954</link>
            <description><![CDATA[The news story on bubblepedia front page with the headline:

20% of home owners expect to experience difficulty in repaying their home loans, but it is still a good time to buy and service your (big) debt 

http://www.smartcompany.com.au/property/20100908-housing-affordability-drops-again-as-expert-calls-for-action.html

The article based on a survey by Genworth Financial states that affordability is down, confidence is down and 20% of home owners will experience difficulty in repaying their home loans within the next year. But in true sick fashion the articles’ final paragraph ends with this ray of hope; 

"Rising interest rates have had a marked influence on confidence. That said, there will still be opportunities for would be homebuyers who are well positioned to service a loan but don't have a large deposit. Lenders mortgage insurers are still insuring 95% LVR loans to suitable applicants, which helps make homeownership possible sooner," he said.

What other reasons can property spruikers come up with to entice the remaining greater fools into this doomed market?

]]></description>
            <author>bps</author>
            <pubDate>Wed, 08 Sep 2010 02:30:19 +0100</pubDate>
        </item>
        <item>
            <title>Latest ABS figures (July) for housing finance</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8952</link>
            <description><![CDATA[http://www.abs.gov.au/ausstats/abs@.nsf/mf/5609.0?OpenDocument

Up in seasonally adjusted terms, flat in trend terms. Been hovering around the same level for about the last 6 months now.

Still a puzzle as to why this hasn't had a major impact on prices yet. Yes it's a leading indicator, but really its been a year since housing finance peaked, which should be more than enough time to have a flow on effect to prices. 

By my rough calculations, since the peak we are down ~30% in loan volume and ~10% in loan value.]]></description>
            <author>DSchnauzer</author>
            <pubDate>Wed, 08 Sep 2010 02:04:52 +0100</pubDate>
        </item>
        <item>
            <title>This should impress international investors even more - NOT</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8945</link>
            <description><![CDATA[This was an interesting passage within this article by Rob Burgess on Business Spectator

[http://www.businessspectator.com.au/bs.nsf/Article/Abbott-ends-the-Oakeshott-love-in-pd20100908-93SRV?OpenDocument&src=sph]

"His (Abbott's) team will start by poring over the $10 billion regional assistance and development package Labor created to get Windsor, Oakeshott over the line. Gillard and Swan said last night that it would not stretch the budget bottom line, as it was paid for by a deferral of tax concessions on interest income."

With all of the talk over the last week about our savings rate declining again, this is not going to impress the foreign investors being asked to help fund our (largely non-productive) "investments".

And so much for a comprehensive look at Henry and tax reform - one of the very few recommendations that made it through - in a very truncated form - pushed out further.

I guess the banks won't be happy either - perhaps a little less inclined to hold back on those extra rate increases??

Then again, it might not come to pass anyway - perhaps the greens are already well advanced in their discussions to switch back to the RSPT and extract some real cash out of the miners...... ]]></description>
            <author>homes4aussies</author>
            <pubDate>Wed, 08 Sep 2010 00:18:56 +0100</pubDate>
        </item>
        <item>
            <title>Stock on market</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8914</link>
            <description><![CDATA[From Loui

Total resident properties listed for sale fell by 5.2% for the month to 293,500 listings. Year on year, listings are still up however, by 15.9%. All cities except Hobart recorded a fall for the month.

{img src=http://sqmresearch.com.au/newsletter/Stock%20on%20market%207th%20sep.png width= height= align= desc= link= }

The fall has been a little surprising to us.we believed there was going to be yet another rise for the month with the property markets current down turn superseding any seasonal winter decline in listings. the falls occurred due the the number of properties being withdrawn from sale, which was predominantly due to those properties selling. there was also an element of the election which made vendors pause in listing their property. 

There is a good chance though that listings will bounce back in September, due to the election being over (?!) and th normal seasonal uplift in listings for spring.

All in all though, the market seems to be trading a little bit better than what we have expected.]]></description>
            <author>pb123</author>
            <pubDate>Tue, 07 Sep 2010 07:16:55 +0100</pubDate>
        </item>
        <item>
            <title>Labor wins</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8904</link>
            <description><![CDATA[http://www.abc.net.au/news/stories/2010/09/07/3005028.htm
]]></description>
            <author>Welkins</author>
            <pubDate>Tue, 07 Sep 2010 05:37:40 +0100</pubDate>
        </item>
        <item>
            <title>Canadian bubble compared to ours</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8893</link>
            <description><![CDATA[http://www.unconventionaleconomist.com/2010/09/canadian-housing-another-debt-fuelled.html

Sample graph:

{img src=http://1.bp.blogspot.com/_c9sjMyNxqqw/TIIig4JJw0I/AAAAAAAAALI/_NqN0xcxn0U/s400/ScreenHunter_03+Sep.+04+20.41.gif}]]></description>
            <author>Revert2Mean</author>
            <pubDate>Tue, 07 Sep 2010 02:04:02 +0100</pubDate>
        </item>
        <item>
            <title>190,000 families abducted by Alien Property Spruikers</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8889</link>
            <description><![CDATA[But seriously

http://www.theaustralian.com.au/business/property/housing-industrys-missing-persons-reports-pure-fiction/story-e6frg9gx-1225912980273]]></description>
            <author>averagebloke</author>
            <pubDate>Tue, 07 Sep 2010 01:11:11 +0100</pubDate>
        </item>
        <item>
            <title>Nice slide show with prices for various cities</title>
            <link>http://www.bubblepedia.net.au/tiki-view_forum_thread.php?forumId=7&amp;comments_parentId=8874</link>
            <description><![CDATA[http://www.cnbc.com/id/38225475?slide=1]]></description>
            <author>pb123</author>
            <pubDate>Mon, 06 Sep 2010 21:30:32 +0100</pubDate>
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