According to a report written by a close friend of mine & his collegues at the Boston Consulting Group in March 2008 about Global Banking, Australian banks are some of the most profitable in the world currently, by a significant margin.  

I learnt from my parents to invest in property. It is never too soon to get on the property ladder; especially if it is your first property. Not unless you are foolish enough not to have done your due dilligence properly and are getting a bad deal. IF you see a bargain then grab it in my opinion. Investing in property is like going into a Ca…[Read more]

BTW are you the same 'Scamp' , who is a 'Real Estate Developer' that posted on this thread on the 'Global House Price Crash Forum': http://forum.globalhousepricecrash.com/index.php?s=91120db0a24f872a3fc2b839ba702341&showtopic=31925   ??

Four years ago: http://www.abc.net.au/worldtoday/content/2004/s1058123.htmEvery year there is someone that predicts a crash, in one form or another. Surely someone will get it right one time…

Look at Rockhampton. Prices more reasonable with good growth expected. Feature article on Rocky in this months Queensland Property Investor Magazine "Rocky Takes Centre Stage"

Thanks for the replies.  Very helpful. I am thinking now that in order to avoid all this hassle I should simply wait 6 months then rent it out thereafter as a 100% investment property. That way I can still claim the FHBG, achieve 100% CGT exemption when I come to sell in a few years and claim 100% tax offsets after the 6 month period is up. CGT…[Read more]