Scott No Mates wrote:
my definition of rich is different to the next person’s.

True wealth is appreciating what you have now

I have used Residex as an indication of future growth potential but not as an indication of actual property value, time will tell how accurate they are. I could understand why that may not be inaccurate valuation method as others have mentioned on here.

The main reason that investing in housing has a much smaller risk than other asset class is that the majority of players are owners and not investors.

Definitely keep it and rent it out.

cuteyoungchic wrote:
I&#39  My comfort zone's slowly getting used to it.  We don't have to be wealthy to invest, but we sure need to invest to become wealthy! 

Good for you cuteyoungchic, I have came full circle on this debt thing and my view now is that you should get yourself into as much mortgage debt as you safely can as early as you ca…[Read more]

fWord wrote:
The strength of the Aussie dollar is to blame, at least in part. It's becoming a more expensive venture for people looking to migrate to Australia. If the dollar was allowed to exert its strength in a continued fashion, it would have profound deleterious effects (if not already) on retail, educational institutes and immigration…[Read more]

I still stand by my previous post on this and if anything it is actually becoming more affordable according to the Rismark boys.

If you are an average borrow and hold investor investing in property it will not make your rich in 5 years.

To my way of thinking debt raising is quite often the start of wealth creation.

fWord wrote:

god_of_money wrote:
Hm.. no further comments??

We should probably review the discussions of this (and similar threads) topic constantly. But it would be very interesting to see how everything went in the next couple of years.

You will most probably find that housing will be following its long term trend and the doomsters will…[Read more]

As most posters have mentioned supply must increase dramatically for prices to drop dramatically.

An increase in listings is not necessarily an increase in supply as nothing has happened until a sales is made.

For a crash to occur we will need to see a massive increase in willing sellers as they are needed for a sale to take place. Given that…[Read more]

Has it bust yet ?

Dont worry about how much houses will be worth tomorrow, how much will they be worth in forty yeasr time tha twill help you decide.

free wrote:
Hi All Would like your comments on the link posted below…http://au.pfinance.yahoo.com/b/david-koch/1342/think-twice-before-buying-a-homeRegards Free

Its fearful, the oither way to look on it is that it will be a buyers market in the near term

It works if it gets you there.

Rents in my areas of Ashgrove, Bulimba, Ningi, Kingaroy and Hampton (Vic) are steady and rising.

Yes property is affordable and our disposbale income is relatively higher thatn it ever has been.We have never had it so good.

Erik,Excellent web site very intereting price trends, keep it up.

wealth4life.com wrote:
Australia's property bubble: it's here

w4l you never give up on the bubble do you ?sorry to say its not here thoughI dont see creative finance, new loan products, investors piling in, 100% loans, quite the opposite in factI dont see finance figures exceeding price growth, so not debt fuelled eitherBut I never had the…[Read more]

Definetly, go for it, it feels good.http://www.youtube.com/watch?v=Q-5Xgkzb-f4