looks like there will be a property discussion on abc radio 774 (melbourne) after 6 pm tonight.

sounds like they have an american expert who will be giving some international perspective

could someone let me know what its about because i wont be able to tune in

cheers

g’day Elysium-m

city properties. depending who you talk too. but one theory is that middle class suburbs will infact go through a downturn.

immigrants (as a whole) unfort dont have the cash to buy in the leafy suburbs of melbourne.

might be a good time to be cahsed up in about 5-7 years time.

cheers

hello – ive got three stars

how did that happen????

i’m still in a buying mode for the right property.

at the moment im not 100 pct focused on +ve cashflow because i think that market is a bit mad at the moment.

clsoe to +ve is good enuf for me even if that means plowing more of my own funds into it.

the one area that i think will be well hedged against any downturn and infact still holds great growth potential is the baby boomer retiree market.

if you can find a low entry level place near the water, anywhere in australia – i think its not a bad buy.

i think the baby boomer exodis from cities will be the driving force in property trends in the next 10-15 years

cheers

BRUCE – SOUNDS LIKE A TOUGH SITUATION. GOOD LUCK.

PS – IM ONE OF THE LUCKY ONES – I LIKE MY INLAWS

CHEERS

g’day bruce

yr mother – inlaw eh!

why does this not surprise me

i think you’re alright – good luck and keep us updated

cheers

excellent postings everyone especially nothousesonly [] whom i tend to agree.

i lived in asia during the asian crisis and saw the apartment i was living in drop from 1.2million down to 800 k in the space of 12 mos.
rent dropped inline also.
prices in hk, singapore, bangkok, tokyo, etc etc have been stagnant and regressive for the last 5 years.

the trigger especially in japan was huge ‘debt’,
and the idea that assets always appreciate in value. at the same time the asian crisis etc etc etc.

in 1990 a golf club memebership in tokyo was 1 million dollars. now its about a tenth of that.

also to dispell another myth. i hear people say that the population keeps getting bigger and land is more scarse so property ‘must’ go up. this may be true in the long term but how do you explain price drops in singapore. a small island nation with no more room to build and a grwoing population – and yet the prcie going backwards.

i dont know what will happen in australia. i prefer to work on probabilities and my propensity for risk.

here another way to look at it

who says the market is ok and we have nothing to worry about
– mums and dads who want you to have security
– your neighbours who have a house and you are still renting
– the caffe latte set
– realestate agents
– developers
– people who own property
– the prime minister
– minimogul

who says be careful
– economists (although bis shrapnel fairly positive)
– governors of reserve banks
– the federal treasurer
– fund managers (moving back into equities)
– financial advisors (vested interest)
– crashy

choose your corners. will it be a knock out blow or will it go the full 12 rounds.

cheers

i thought this topic stream was the perfect place for me to bring up my century of replies.

quite long winded with very little useful information

but ive anjoyed the ride anyway

see you on the otherside

[][][]

good advise housesonly

shouldnt your forum name be ‘not housesonly’

[]

re huntress of love

steve looks like you have your first groupie