Miners and politicians are digging different holes!

Miners and politicians are digging different holes!

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On one hand we have a federal government and on the other, state/territory governments and today, the left hand has no idea what the right is doing. Back–flips in politics these days are nearly as frequent as another installation of a red light speeding camera on our roads – Government backs down on health GST deal. After months and months of political rhetoric Julia Gillard proposes 50 – 50 hospital deal then surprise, surprise as Tony Abbott says Julia Gillard revamped health reform package is yet another back down. Next a constitutional crisis was averted as Abbott concocts constitutional strife with crossbench offer for rural students bringing yet another back– flip as Labor backs down on youth allowance, admitting faults in scheme for regional students. This back – flip set another extraordinary political precedent given the Julia Gillard cave – in heads off crushing defeat.

Sitting well above ground, the Governor for Moolah announced to his fellow Australian shareholders that interest rates are where they should be. Unlike Fort Fumble, which is carefully manoeuvring itself from a dastardly week of failed policy capitulations, the Governor says mining the focus, not floods. On the flip– side, our Gov urges Australians to keep saving and shareholders should see that statement as a clue, given our household debt is high.We need to be realistic given nothing will stop prices soaring as an Australian Industry Group announced that the annual bill for a typical Sydney household will climb from $1,257 to $2,012 between 2009 – 10 and 2012 -13.

BUY PRINT

You can erase policy fails to keep up with the boom given the ALP is earnestly pursuing a self proclaimed renaissance – ALP’s plan to reverse membership slump would give supporters a say in pre – selections. Fascinating theatrevin Rudd takes aim at party’s faction culture; wants party’s full review made public a self-proclaimed communist Julia Gillard rejects Rudd’s call to release election review. Which no doubt would have caused face flushes when it was revealed ALP – take a Bex, Gillard tells union heavyweights who just so happen to be the anointed ones who fast tracked the demise of The Emperor – one KRudd. Somewhat riveting, in that The Emperor – Kevin Rudd takes aim at party’s culture; wants party’s full review made public a self proclaimed communist Julia Gillard rejects Rudd’s call to release election review. Which no doubt would have caused face flushes when it was revealed ALP numbers all point the wrong way.

Australia to have carbon price from July 1. 2012, Julia Gillard announces. Now hold on a moment! In the run–up to the last federal election, Gillard ruled out a carbon tax? Not much clear in Gillard and Greens carbon framework given the key differences between the Greens, Labor and the independents that still need to be resolved. Nothing has been decided, nothing has been achieved – just another announcement hence people’s revolt looms on Australian carbon tax, Tony Abbott predicts.

The show goes on and hold your seat – Infrastructure Australia has all but derailed which is an adoptive analogy for our inept, floundering and totally incompetent NSW government. “The Gillard government’s confirmation that it will contribute $2.1 billion to building the Epping – Parramatta railway line in suburban Sydney will probably not help Labor in NSW, but it has delivered a fatal blow to the credibility of Infrastructure Australia.”Labor election strategy in chaos as voters cut Keneally loose with their primary vote down to 23 per cent and getting worse – one month tomorrow until NSW goes to the polls. Not only (according to the polls) is Keneally gone, the result will be the greatest hiding in Australian electoral history. Power sale ‘will raise only $700m’ a tad down from the predicted $5 billion – I refer you back to this week’s photo by the great Tim Mooney (with a few strikes of genius).

Last week, we commenced our exclusive breakdown of Mosman house prices from 1999 to 2010. In last week’s edition of <em>Virtual Realty News</em> we covered house prices from 1999 to 2005 up to $5.000 million – here are the 2006 to 2010 results. The data has been downloaded from <em>Domain Property Data</em> and calibrated by <em>RWM Property Research.</em>

2006 – MOSMAN HOUSE SALES TO $5,000,000

  • Number of houses sold – 352
  • Total Value – $742,885,130
  • Median Price – $1,855,000
  • Average Price – $2,110,469
  • Highest Price – $15,000,000
  • Auction Clearance Rate – 40 per cent
  • House Sales to $999,999 – 48
  • House Sales above $1,000,000 – 146
  • House sales above $2,000,000 – 86
  • House sales above $3,000,000 – 45
  • House sales above $4,000,000 – 27

RWM Research observations: Mosman has approximately 4,900 houses so 7.1 per cent of houses sold. House sales up to $999,999 were 48 which is approximately 13.5 per cent of total sales. The average price increased from $2,017,809 to $2,105,327. Auction clearance rates increased from 36 per cent to 40 per cent.

2007 – MOSMAN HOUSE PRICES TO $5,000,000

  • Number of houses sold – 356
  • Total Value – $815,749,720
  • Median Price – $2,165,000
  • Average Price – $2,291,431
  • Highest Price – $22,500,000
  • Auction Clearance Rate – 57 per cent
  • House Sales to $999,999 – 28
  • House Sales above $1,000,000 – 126
  • House Sales above $2,000,000 – 111
  • House Sales above $3,000,000 – 53
  • House Sales above $4,000,000 – 38

RWM Research observations: Mosman has approximately 4,900 houses so 7.2 per cent of houses sold. House sales up to $999,999 were 28 which is approximately 7.8 per cent of total sales. The average price increased from $2,110,469 to $2,291,431. Auction clearance rates increased from 40 per cent to 57 per cent.

2008 – MOSMAN HOUSE PRICES TO $5,000,000

  • Number of houses sold – 231
  • Total Value – $523,725,612
  • Median Price – $2,200,000
  • Average Price – $2,267,210
  • Highest Price –$14,700,000 (RWM)
  • Auction Clearance Rate – 35 per cent
  • House Sales to $999,999 – 25
  • House Sales above $1,000,000 – 83
  • House Sales above $2,000,000 – 71
  • House Sales above $3,000,000 – 30
  • House Sales above $4,000,000 – 22

RWM Research observations: Mosman has approximately 4,900 houses so 4.7 per cent of houses sold. House sales to $999,999 were 25 which is approximately 10 per cent of sales. The average price dropped from $2,291,431 to $2,267,210. Auction clearance rates dropped from 57 per cent to 35 per cent.

2009 – MOSMAN HOUSE PRICES TO $5,000,000

  • Number of houses sold – 277
  • Total Value – 630,499,751
  • Median Price – $2,085,000
  • Average Price – $2,276,172
  • Highest Price – $13,200,000 (RWM)
  • Auction Clearance Rate – 42 per cent
  • House Sales to $999,999 – 18
  • House Sales above $1,000,000 – 114
  • House Sales above $2,000,000 – 83
  • House Sales above $3,000,000 – 36

RWM Research observations: Mosman has approximately 4,900 houses so 5.5 per cent of houses sold. House sales to $999,999 were 18 so 6.5 per cent sold. The average price increased marginally from $2,267,210 to $2,276,172. Auction clearance rates increased from 25 per cent to 42 per cent.

2010 – MOSMAN HOUSE PRICES TO $5,000,000

  • Number of houses sold – 299
  • Total Value – $704,286,155
  • Median Price – $2,100,000
  • Average Price – $2,355,472
  • Highest Price – $12,600,000 (RWM)
  • ,Auction Clearance Rate – 42 per cent
  • House Sales to $999,999 – 9
  • House Sales above $1,000,000 – 112
  • House Sales above $2,000,000 – 86
  • House Sales above $3,000,000 – 58
  • House Sales above $4,000,000 – 34

RWM Research observations: Mosman has approximately 4,900 houses so 6.1 per cent of houses sold. House sales to $999,999 were 9 which is approximately 3.00 per cent of sales. In 1999 sales up to $999,999 made up 88.5 per cent of sales. The average price continued to climb ever so slowly to $2,355,472.

Next week we look at Mosman house sales above $5,000,000 from 1999 to 2010 and again we get a most interesting snapshot of how our top–end is travelling. It is doing much better than the combined efforts of Forts Crumble and Fumble.

Cheers ^__^

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

2 Responses to “Miners and politicians are digging different holes!”

  • Ann says:

    I was travelling on a plane back from a major city yesterday with a senior front bencher. Nice chap, good conversation. He was reading in detail the Carbon Tax articles, editorial, comments, letters and cartoons!!!. Interesting comments on the Greens, the dynamic and a few other influencial powerbrokers.

  • Snow White says:

    Interesting that 60 minutes broke from the other stories tonight, to call out Gillard as a liar for breaking the No Carbon Tax promise, and called it as Bob Brown forcing her. Hell’s doors will open when they control the senate. We aint seen nothing yet.

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