More bad news about the property market.
http://finance.news.com.au/story/0,10166,16869791-462,00.html
Clones
This was just another sensationalist heading to capture attention. The figures they quote in the article give a negligible difference in the amount and volume for investment loans recently.
If the market is to falter significantly, the figures would be a lot worse, it seems to be just a variation in monthly data. It’s just a matter of when ‘bad news’ stories like these really do have an effect on sentiment that will ultimately undo the market, if they haven’t already…
Good pick up tho, Clones these type of stories are getting a lot more frequent.
Seeing as though you’ve put this article in the Help needed section, what help exactly are you seeking ??
Originally posted by Dazzling:Seeing as though you’ve put this article in the Help needed section, what help exactly are you seeking ??
Yes, you are right, I do not need help, I am giving some advice to anyone.
Clones
What advice is that Clones?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Originally posted by Mortgage Hunter:What advice is that Clones?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I’ll put it more clearer just for you.
Investors are finally seeing that the sector has already had its best days, you can expect this overall downtrend to continue.
Clones
Play nice people
I don’t know about other forum members but when I think about an investor waiting for the property prices to drop to snap up a “good deal” I see a very old man with a stick.
Originally posted by clones:Originally posted by Mortgage Hunter:What advice is that Clones?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
I’ll put it more clearer just for you.
Investors are finally seeing that the sector has already had its best days, you can expect this overall downtrend to continue.
Clones
I agree Clones. What happens after that?
Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Come on clones! If you can’t find a good deal in a growing area that’s fine.
Perhaps you need to expand your view a bit. I don’t mean to be condesending but as one of the others said there is not alot of info relavent to the headline in this story.
The term “investor” is thrown around in the media. Seems that some of the people acting this way are speculators, worse than that speculators without an exit strategy who are reacting rather than taking action.
Here’s the hopig that something positive can be found “right now” for everyone.
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Renovations & Project Management
Email now to receive info on the lastest deals!Please keep the bad news going
It creates far more opportunities in the market place
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Property Researcher and education seminars
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Hi Clones
All I have to say is yeee aaah, more for me. I can’t wait for all those mugs to get out.
You Beauty [biggrin]
KerwynYep i reacon we are doomed, i’m going to sell every thing and give up because all these experts must be correct. But what am i going to do with the 400k profit i just made in a small project in Brisbane in a down market???????????
get a life and read positive articles or follow leaders rether than loooooooooooosers.
resi
Hello Clones,
Can you spell “SCHADENFREUDE”?????
I can only guess that this strangest of human tendencies must be the driver behind your attitude.
Most of the so called experts that spend their days thinking up and writing articles of the ilk refererred to in this thread are “hard core” SCHADENFREUDE phreaks IMHO.
And if you don’t understand what I am saying in this post – I suggest you go and look it up.
I haven’t bothered to read the article…
But the more bad news out there, the better as far as I am concerned.
Less competition and therfore more scope to take advantage of all the opportunities out there.
Like Resi, we are busy, busy, busy, making great returns on property.
We are busier this year than we were last year, and next year will be busier than this year.
Lets hope the property market doesn’t turn ‘up’ as we are strugling to cope in the current ‘down’ market.I would dearly love to diversify and start investing in the share market for some balance, but we are just doing too well with property atm.
BTW, I also know many investors/forumites who are in the same boat…
kp
Hi Clones
Yippee more lovely doom & gloom. So where are you investing right now?
sparky
I think life is bl…y great even when its bad its great and i can prove it …
Go to a cemitary and ask some of the residents if they think the market is good or bad … then listen[fear]
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