We were banking on the prices dropping though. As some of the forumites know…. We sold our country land and residential PPOR last year paid out our bank loans in full.
Then put the profit from combined CG into 2 term deposits of $50K each with $10K sitting in the bank…a total of ~$110K to play with plus interest, and NO debt. [^]
When they announced the increase in interest rates and loan repayments, we thought it would cause many people to sell/refinance to be able to afford the repayments. And long term.. it would be harder to repay a large loan, and property purchases would drop, followed by the drop in demand and more competitive property prices. ..[].. Not good news for the many who currently have IPS that are just on the +ve cash flow side, the interest rate rises cuts down on the margains.[!]
We are renting at the moment, casually looking at property, for a new PPOR and potential IPs….But we are in no hurry, and we are expecting to rent for about 12 months… []
I guess at the moment we are stepping up though CGs through buying cheap, holding, and selling when the market value increases…. they may be small steps, but in the right direction. LOL [^]
I still think there is a big drop coming… and I dont have crystel balls !… []
Regards,
Arty.
Why work all your life making someone else rich and not enjoying your own life. [^]
[]
Melbear, there is 3 PCs, Pinky/Me share 1, the other 2 are for our daughters… I dont want them finding a way to the internet just yet.
They are at the learning stage, of installing, deleting programs now… I have said they can do anything they want with them.. that way they will learn more..[]
I will network them oneday but its too soon. They only got them for Christmas.
[]
Regards,
Arty.
Why work all your life making someone else rich and not enjoying your own life. [^]
PG,
Im just crossing my fingers that they say it ok… LOL []
Hi Pelican.. LOL []
Not really financial freedom from positive cash flow, more like taking a day off to look for investment options and spend more time with my family not busting a gutt for someone elses profits. [:p]
Muppet,
The only thing we can fight over is the puter…LOL
We have 3 PCs now, but only 1 is connected to the internet….LOL [}][}][}]
Regards,
Arty.
Why work all your life making someone else rich and not enjoying your own life. [^]