![]() |
|
|
The Pub For General Automotive Related Talk |
![]() |
|
Thread Tools | Display Modes |
![]() |
#1 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
|
Quote:
__________________
|
|||
![]() |
![]() ![]() |
![]() |
#2 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,019
|
House prices?
Homeowners whose paper wealth/equity has gone up, might be tempted to spend it. Renters who feel they're locked out of the housing market stop saving and instead start buying. |
||
![]() |
![]() ![]() |
![]() |
#3 | ||
FF.Com.Au Hardcore
Join Date: Oct 2014
Location: Newcastle
Posts: 1,782
|
Interesting- I have noticed a distinct increase of Maserati, Bentley and Aston Martins driving around Newcastle, whereas 10 years ago you only saw them in Sydney.....and Newcastle is suffering that mining industry downturn, but has a lot of speculative property development going on as well.
How high can the world build that stack of cards....seems that twin pack glue will forever hold it together onwards and upwards
__________________
Ford Rides: Ford Fiesta ST Mk 8 -daily- closest thing to a go kart on road for under 50K FG X XR8 smoke manual - Miami hand built masterpiece by David Winter, BMC Filter, JLT Oil separators, Street Fighter Intercooler Stage 2, crushed ball, running 15% E85 and 85% 98- weekender |
||
![]() |
![]() ![]() |
![]() |
#4 | ||
FF.Com.Au Hardcore
Join Date: Oct 2008
Location: Victoria
Posts: 7,854
|
There are some suburbs in Melbourne, I happen to drive through with average to middle class houses, with new BMW's or Audis parked out the front.
__________________
______________________________ 2015 Territory Titanium RWD Diesel - SOLD 2016 BMW X5 xdrive 30D Msport Seadoo Challenger 210SE 310HP |
||
![]() |
![]() ![]() |
![]() |
#5 | ||
FG Falcon fan
Join Date: Apr 2008
Location: Canberra, ACT
Posts: 913
|
2 comments.
1 - the article doesnt define luxury car by value. That is crucial as MBenz have released cheaperish A series for example. 2. Id love to see the GST on cars lifted to 15%. We dont make them anymore, so lets get some tax revenue from a place that doesnt hurt AU jobs. 3. Property prices in Syd and Melb have delivered huge tax-free gains to homeowners. Splurging some on cars isnt surprising. |
||
![]() |
![]() ![]() |
![]() |
#6 | ||
FF.Com.Au Hardcore
Join Date: Feb 2008
Location: WA
Posts: 3,705
|
It's all good..... until you have to pay it back.
You see it all the time in the wheatbelt. Lots of removalist trucks up here. It's amazing what you can have if you're prepared to throw away your house, your income and your family legacy. ![]()
__________________
www.bseries.com.au/mercurybullet 2016 Falcon XR8. Powered by the legend that is - David Winter. XC Cobra #181. 1985 Mack Superliner, CAT 3408, 24 speed Allison. |
||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#7 | ||
FF.Com.Au Hardcore
Join Date: Jan 2006
Location: sydney
Posts: 1,085
|
Equity mate!
|
||
![]() |
![]() ![]() |
![]() |
#8 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Location: Melb north
Posts: 12,025
|
Smoke and mirrors imo , let me readjust the first sentence ...
Some aussies are buying Bentleys, Jaguars, BMWs and Mercedes in record numbers even as living standards fall in a sign that rising inequality seen across the developed world is spreading here as well. The class divide is alive and well . |
||
![]() |
![]() ![]() |
![]() |
#9 | |||
Bathed In A Yellow Glow
Join Date: Mar 2010
Location: NSW Central Coast
Posts: 2,530
|
Quote:
|
|||
![]() |
![]() ![]() |
![]() |
#10 | ||
carwant.com.au
Join Date: Mar 2011
Posts: 196
|
It's also easy to afford a luxury car today, then 20 years ago (in terms of average wage against value of car)
|
||
![]() |
![]() ![]() |
![]() |
#11 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 3,043
|
More gutter journalism aimed at stirring up hate at anyone with an ounce of financial success. Either by hard work, smart planning or frugal spending.
Inequality is part of nature no matter how much social engineering these do gooders try to guilt trip us into believing. Ironically those white academic social engineers who love to trounce out the equality myth enjoy living in their over priced inner city apartments or city fringe suburbs with houses well into the seven figures, while lecturing the rest of us about poverty and privilege. |
||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#12 | ||
Wirlankarra yanama
Join Date: May 2006
Location: God's Country
Posts: 2,103
|
A great many are line of credit on the back of over inflated house prices, it will take a couple of interest rate rises and ... kaboom!
Enjoy whilst you still can. |
||
![]() |
![]() ![]() |
2 users like this post: |
![]() |
#13 | ||
Moderator
![]() ![]() Join Date: Jan 2014
Location: Melbourne
Posts: 7,940
|
I'd like to see what the demographic make up is by "nationality" that has contributed to the 15.7% increase in luxury car sales. However, I doubt such records are available.
Personally, I think a fair proportion of this increase is due to the wealthy Chinese coming here in recent years and buying up our properties along with an Audi / Benz to park in the garage. |
||
![]() |
![]() ![]() |
![]() |
#14 | ||
I ♥ EDM
![]() Join Date: Aug 2006
Posts: 5,141
|
This is but a minor indirect observation of what happens when a country spreads its legs wide open to free trade with other countries that have greater manufacturing manpower, and deliver to a far wider clientele than the 20-odd million here.
Australia will reap what it has sown. |
||
![]() |
![]() ![]() |
3 users like this post: |
![]() |
#15 | ||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 48,767
|
A new automotive workshop specialising in exotic cars has opened in the next street from my own workshop.
I've never seen so many Ferrari and Lamborghini cars in my life. There are three Ferrari 360 Modena's in there at the moment. |
||
![]() |
![]() ![]() |
![]() |
#16 | ||
FF.Com.Au Hardcore
Join Date: Nov 2009
Posts: 3,876
|
Yeah but its all relative - a decade or so back the biggest selling cars were powerful rear wheel drive 6 cylinder sedans. Now its little 4 cylinder hatchbacks made in South Korea or Thailand. I think many people are spending less on a car as a proportion of their income.
|
||
![]() |
![]() ![]() |
![]() |
#17 | ||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,797
|
The question is are these cars bought as salary car or private. Plenty of people need to spend a minimum amount of money due to tax.
__________________
Daniel |
||
![]() |
![]() ![]() |
![]() |
#18 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
|
Quote:
__________________
|
|||
![]() |
![]() ![]() |
This user likes this post: |
![]() |
#19 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,360
|
Lol even Canberra has been chocka full of BMW, Mercedes, Audis, Porches and the odd Ferrari or Lamborghini for as long as I remember.
It's nothing new as far as I'm concerned. Big deal that people that make good money throw down on nice cars. I'm so shocked ![]() |
||
![]() |
![]() ![]() |
![]() |
#20 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,529
|
& you'd all be surprised just how high that debt (and thus 'growth' thus income as people do well out of it) can go before anything will break. Both gov debt and private debt.
Anyone waiting for Australia to go belly up is going to be waiting a while, no matter how much we can all see an unsustainable process unfold. Generally we just sell up bits of the country to the latest financial superpower, hopefully to buy it back at pennies years later in the bust... So drop those rates and ratchet those house prices In fact, when you look at the yields on Spanish or Portugese gov debt, you would be blown away that so little risk is being signaled by the debt of fiscal deadbeats... ah QE. Soon the ECB will own the lot... Bond yields have ceased to function as measures of risk of the counterparty (or more esoterically a "price" of money being inferred from them) So party on Garth, party on Wayne! I quite like the Audis myself... |
||
![]() |
![]() ![]() |
![]() |
#21 | ||
Kicking back
Join Date: Dec 2013
Location: Western sydney
Posts: 8,442
|
Nice reference to Waynes world
Last edited by GasoLane; 27-08-2016 at 12:06 AM. |
||
![]() |
![]() ![]() |