Winson-Talk

Australia Dodge Recession

Source : http://www.news.com.au/business/story/0,23636,25580772-462,00.html?from=public_rss

1) GDP up 0.4%

An announcement was made in regards of the GDP figure and it was 0.4%. Australia just manage to dodge recession by only having a quarter of negative GDP. Was it due to Mr Rudd 900 bucks ang pau ? I am sure it did help a little to lift the economy up. Many still eat out and shop as usual. Before the GDP figure is out i was questioning if we are in recession since i still see so many people out in the restaurant eating.  But indeed true enough that we arent in recession. Unemployment rate is dropping so good news to those who looking for job or thought of changing job.

2) RBA maintain at 3%

Since the government is taking the effort to prolong the First Home Owner Boost, the RBA do not see any reason why there is a need to cut the RBA rates as auction clearance rate is still above 80% for the past three weeks. Clearance rate result can be observe through REIV website.

3) MYR vs AUD hit 2.88

Exchange rate for Malaysian dollar with  Australian dollar did not stay at 2.4 for long. Major slump of australian currency is due to the low demand in the resource sector which is the major export for Australia. Demand for raw material is going up and this wil help to lift up Australian currency as well.

4) ASX200 broke 4000 point.

Australia share market officially broke the 4000 point after 7 months. Australia is on the verge of recovering. There is already sign showing that. People is spending. There are demand for raw material. Unemployment rate is going down. GDP figure is going up. I may be abit optimistic at this point of time. But there isnt any more negative factor that gonna push the economy further down.

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Tags: aud, GDP, MYR, RBA, recession
Posted in Commodities, Currency, Current News | No Comments »

US Bond Sales shore up gold price and australian currency

Oil is going up. Gold is going up. Even Australian dollar is going up as well. What is next ? Natural Gas, Silver or Uranium ? Gold went up 17.10 and close at $980.30. $1000 is a very strong resistant. Gold price break the 1000 resistant level in march 2008 but the price didnt stand there for long. In less then three days, gold price drop to $925. Some analyst actually mention that it is only worth while jumping into gold if gold price break the 1000 mark and hold on to that level for a period of time. Many rather pay an extra 10% premium knowing that gold is on the uptrend instead of holidng on to the metal not knowing which direction it is heading to. From the graph bellow, oil and australian currency is heading up as well. Gold and australian currency depends heavily on the Obama administration policy.

Last tuesday, $100bn bond is placed under the auction hammer. 10 Year yield bond is as high as 3.732 percent. US is creating paper to get more cash. The Obama administration needs to raise $2 trillian this year to cover the fiscal stimulus plan and the bank bail outs.  $2 trillian may sounds alot. But it is just a number created by Obama administration to get their ass out from the mess. They can create 2 trillian today, what makes you think that they can’t creat 10 or 20 trillian tomorrow ? To them it is just a number. But to the rest of the world, the result of creating so much cash is devaluation of US currency. If US create another 8 triallian, this means that today’s US currency value is only 20% of what yesterday value is. If this is the case, do you think people or investor will still hold much of the US currency ? Gold is limited same goes to oil, silver or natural gas. Gold mining company can produce 2x of their current x production. But this also means that there will be lesser gold in the ground. We cant just plant gold from x amount to 2x amount on the ground so that we are able to get more out of it.

This actually shows that US action has shore up the gold and oil price.

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Mind your own biz!

i wonder why the f*** is people so free to see if others has enough work to do instead of doing what they are suppose to do. I just cant believe this. why should  this be their concern ? This suppose to be my manager concern, not theirs!!!!

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Shameful of yourselves!!!

We have heard much from the news about the political conflict happening in perak. I do wonder if they do know what they are doing ? Doesnt BN realise that they are like a day time robbers who rob the rakyat’s rights and choice of government ? Worse is BN made the police robbing the rakyat freedom in wearing black. How silly can that be ? It is not a crime to wear black. Only thing i can say is that they did not choose the right day to wear black. BN doesn’t own the government. Neither do Pakatan. It belongs to the people, the rakyat in perak. Why fight for something that does not belong to them at the first place ?

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Tags: Barisan National, Pakatan
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MELBOURNE’S Property Prices Plunged

The map shows the annual change of price between Mar 2009 and Mar 2008.  

Property in the inner east suburb has decreased significantly. Those area are highly priced and has increased significantly for the past few years. Now the price has pulled back to a more realistic level. Most of the areas in the east and south east are in red. Only a handful which are still appreciating during this time.  Thou many area has shown sign of slowing down, but since the Federal Government has imposed the First Home Owner Boost, it has increase the demand for property. Although I do not have an economic degree or PHD, but i strongly believe that nothing is able to escape from the cycle. Oil price went up to $147 in July 2008 before retracting to marely $30 / barrel. The share market reach the level of 6750 before slumping down to 3145. Gold price reaches a high of $1088 before pulling back to $783. This applies to all the commodities as well eg iron ore, alluminium, copper, zink and silver.

I read the following article and the point stated is similar to what i have posted previously. I am not the only person whom have such thought and i believe there are 101 people out there who are thinking the same as well. I am not interested to take up th $24,000 grant. But i am more interested to know what will happend to the property price after the grant is over. After June 2009, people who are buying establish house is only getting  peanuts from the government. Majority of the houses in eastern and south eastern suburn are establish houses. Only suburb like Pakenham, Cranburne and Berwick has land to build new houses. Those area are partically 50km away from the city. Last time I used to not go down to the city so often. Now i go down alot more often and distance is something I will have to take into consideration as well.  

Source : http://www.news.com.au/business/story/0,23636,25391569-5013951,00.html?from=public_rss

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Tags: gold, Melbourne, oil, Property
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First Home Owner Grant

The demand for the established homes would have slow down. On 6 May 2009, Victorian Government has made an announcement to reduce the state grant for estblished homes from $3,000 to $2,000. After the First Home Owner Boost ended many will just sit and wait to see what is gonna happen to the property market. 

Established homes

14 October 2008 and 30 June 2009

First home buyers purchasing an established home may be eligible for the $7,000 Boost in addition to the First Home Owner Grant ($7,000) and the First Home Bonus ($3,000*), bringing the total benefits to $17,000.

After 30 June 2009

First Home Buyers may be eligible for the First Home Owner Grant ($7000) and the First Home Bonus ($2000), bringing the total benefits to $9,000

New Homes

14 October 2008 and 30 June 2009

First home buyers building a new home or purchasing a newly constructed home may be eligible for the $14,000 Boost, in addition to the First Home Owner Grant ($7,000), the First Home Bonus ($5,000*), bringing the total benefits to $26,000.

After 30 June 2009

First Home Buyers may be eligible for the First Home Owner Grant ($7,000) and the First Home Bonus ($11,000), bringing the total benefits to $18,000.

*Note : First Home Owner Grant and Boost is offered by the Federal Government. First Home Bonus is given by the VIctorian Government.

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Tags: Federal Government, FHOC, First Home Owner Grant, Victorian Government
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Aussie dollar hit US77c

On 9 March, AUD vs USD is at 0.6331. Last friday which is 8 May AUD vs USD went up to 0.7697.  In two months, AUD currency has appreciated 21.57% against USD currency. “Stress-test” has been conducted on the banks in US. Apparently result shows the financial system is better then the public expectation. The “Stress-test” was part of the Obama administration’s plan tostrengthen the financial system. Many investor turned from the safe heaven of currency to riskier but higher yielding equity. Now the question everyone will be asking is if this AUD currency rally is sustainable ? From technical data shown, fast and slow stochastic for AUD currency was far overbought. Support level at 0.72 may be quite strong.
Above table shows the stress test for the banks in US.

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Happy Mother’s Day

Happy Mother’s Day to all mom’s in this universe.  For those who are away from home, dont forget to call back and for those whose mum are around them, dont forget to spend some time to have lunch or dinner with them.

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Posted in Current News | No Comments »

Did the property price drop ?

“Victorian house price biggest drop in 40 years” was on Herald Sun headline on Saturday. At the moment first home owner grant is still supporting the property price. $21k compare to $14k is just 7k difference. Many actually went into the market during this period to take advantage of the grant provided by the government. Since the peak, property price has already slump $75,000. Would you take advantage of the current economy downturn which will effect the property price or you will just take the 7k and walk away ? The worse is not buying expensive property but is when the bank chase you for money. Imagine you borrow 300k from the bank and suddenly the property price drop to $280k. There is a possibility that the bank may ask you to put in extra 20k on top of the monthly repayment as the property value is lesser then the current market value.

source : http://www.homepriceguide.com.au/media_release/APM_HousePriceSeries_MarchQ09.pdf

source : http://www.reiv.com.au/home/inside.asp?ID=1048&nav1=652&nav2=165&nav3=1048

Link : http://www.realestateview.com.au/portal/propertydata?rm=propertydata&search=1&suburbname=glen%20waverley&state=vic

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Tags: APM, REIV, Victoria
Posted in Property | No Comments »

PennySim is here!!

Kiss GOODBYE to Three. Been with Three for 5 years. The service has been great. But definitely not for international call. Most of the time i used beyond the cap limit is because of international calls.

I can only used up to $120 for international calls with $49 cap plan. To call Turkmenistan where my parents is staying, i can only call up to 44 mins.  To call Malaysia with $120, i can only talk up to 80 mins.

As for PennySim, every month i am only paying $13. To call back malaysia everyday, i only needs to pay $2.40 and I can be on the phone for unlimited amount of time. To call turkmenistan where my parents are, $49 allows me to call up to 252 minutes. Compare 44 minutes with 252 minutes. Pretty obvious which company gives a better deal.

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Tags: PennySim, Three
Posted in Discount | 2 Comments »