From the HeraldSun-seems to be mostly low socio economics areas however there were also a few from Kew, Camberwell etc. Either way thats a fair bit-hate to think what its like when interest rates hit 10%!!!!

Geez the builder must have been an absolute einstien to go broke is this economy/property market lol Hate to imagine how he would have faired if things were slow lol

Meakin wrote:
Hi,Hi, you really have a good thinking. It’s a different fun having your own house before getting married. I bought a home last year with the help of Real Cheap Estate and right now I don’t have any complains. They specialize in selling discount homes and land at affordable prices. Every home they sell can be purchased in cash or…[Read more]

kenkoh2000 wrote:
Dear Milly, 1. My email is kenkoh2000@hotmail.com. My TEL/FAX is 08-95925108 and my Australia mobile is 0418758123. 2. Please contact me to further discuss your present situation. We might be able to work out some options of mutual interests to ourselves in due course. 3. Thank you. regards, Kenneth KOH

1. Why2. Do you3. Write…[Read more]

francisl wrote:
Therefore, rate will rise until people cannot spend more or recession hits home.Cheers,Francis

I agree enrtirely-people will keep getting debt untila recession hits home-may well be another year or so before it hits?

daniellee wrote:
HiMy aunt, who has been casually buying property for many years and has a few under her belt, asked me the other day if I had fixed my interest rates. I explained that the rates here are ending the end of its run after 11 raises, and would be pointless to do so. Would have been better off fixing it 3-4 yrs ago when rates were…[Read more]

trakka wrote:
i'm speaking mostly from extensive discussions on another forum, Somersoft, which I perceive has a greater proportion of advanced/established investors than this forum, and is generally much more active (ie much higher volume of posts). I've gotten to know the styles of various investors over there, and it's generally those who…[Read more]

I suppose its all pretty simple really-prices will continue to rise as long as people can afford it. SImple as that. If people can aford to pay another $500 a month in repayments they will, when it gets to a point through inflation, interest rates etc that they cant afford any more it will flatten out. And when itgets past that point they will…[Read more]

trakka wrote:
What do you think the majority of the very successful investors are doing?(Hint: it aint selling.)

What evidence do you have to support this 'hint'? Hopefully you are actually talking about investors who know more than what they have seen on telly over the last 5 years…….

Anrobel wrote:
Thanks Scott No Mates – will have to, I'm not real popular at home at the mo 'cause i managed to misplace the folder with all of our reciepts in it! I will see what i can come up with otherwise i might have to chalk it up to lesson learnt!

Whats the point of going to the trouble of finding receipts and doing a dodgy diary if the…[Read more]

Anrobel wrote:
Hi EveryoneOur accountant has just informed us that we can't claim a trip to Cairns from Perth, last year to inspect our rental property. The trip was for 5 days (I thought i read somewhere that you don't need to keep a diary for a trip of 5 days or less?) we hadn't seen the property for 3 years and it was in need of a fair bit…[Read more]

mathewc73 wrote:
Okays Im from the uneducated school… However I continue to ask myself isnt there something we can all do to soften the blow of the recession?Think of the HIV ads and the skin cancer ads.  They aparently work.Can't the government create an ad campaign to help us?  Im not educated so I dont know the messages for the ad, but su…[Read more]

foundation wrote:

xpine73 wrote:
Getting fixed is a gamble against banks who have more expertise to predict the interest rate trend.

And how well do the banks do?These predictions are from May 2007 when the RBA cash rate was 6.25%. Not a single one correctly predicted 6.75% just 6 months later. AMP and Commsec even believed rates would fall…[Read more]

Milly wrote:
Yes condog, I was reading  the weekend courier mail the other day that 53% of Australians pay off their credit card within the interest free period (me and probably most of us on this forum are in this category)Same survey said only 13% paid only othe minimum off their monthy credit card bill. All the media hype of Australia's debt…[Read more]

condog wrote:
Firstly if we have a recession economic interest rates will be low as an RBA tool to stimulate growth,.

Yes but do you think this will solve the problem over night? It takes years for things to get bad and then years to fix things up again-look at Japan and the U.S, do you think that by dropping the rates instantly things are…[Read more]

hbbehrendorff wrote:
Every Generation makes the same mistakes as the last, This is human nature.Everything was fine and dandy back in 1928, nothing could go wrong, but in the following years the middle class was wiped out, along with everyones savings.Though the difference today is the Ratio of debt is many times higher and loans are not for…[Read more]

dreaming wrote:
It's not that people are more educated know, but information is more readily available thanks to the digital age.

Yeah but how many people take any notice of it, instead wait for the 'news' to tell them after it has already happened….

ume wrote:
education gives us options, the more educated u r, the more options u'll have. as opposed to ppl say 100 years ago, education for the middle or poor class was near impossible to obtain the level we have now. people are more educated now, our living standard is way better, general well being is better, life expectancy is higher…. so…[Read more]

ume wrote:
when i said ppl are more educated now, i was referring to education as a whole not just on the property investing spectrum. e.g. how the education system for kids are better now, how a teenager now a days receive stimulants that ppl 60 years ago would take a life time to receive, new theory and knowledge to pass down.

So whats your…[Read more]

ume wrote:
i tend to agree with milly, that recession is short lived and if we have the capital to pull through this, then this should be a profitable period for us investors with the bargains to be found.

I agree-if you arnt on the limit you will be in a win/win situatuon. Problem is sooooo many people out there are on the brink. Seriously how…[Read more]