"Credit crunch has left $100bn hole in Federal Government budget"http://www.news.com.au/heraldsun/story/0,21985,25421795-5005961,00.html

Also watch taxes go through the roof so that KRUDD can pay for his mega vote buying fenzy….ohhh and the fatc they have a $100billion hole thatthey didnt budget for lol, geniuses…..and scary!!!! Our country is in for soooo much trouble. Gee Im glad we decided to vote some experianced professionals like Krudd and co in on the verge of the…[Read more]

I still cant beleive how much greed can blind people-I cant beleive peopel still think property is goign to keep going up when everything is pointing to the fact its going to come down??Melbourne's median property prices are down 15%!!! Toorak is down 33%, Albert Park 26%, KEW 45%…. and this is with still very strong employment, record low…[Read more]

Sure will be interesting.I think if you like taking calculated risks then the decission would still have to be on the 'hold off' side would it not? There are more negatives, actually I cant really think of any positive reason for property prices to increase. Even the bastion of immigration has been slashed, and with further unemployment will be…[Read more]

Dan42 wrote:
I'm no expert, I just can't see it being as bad as everyone thinks. Last year, Steve Keen and his disciples were predicting a crash on Australian property. Median prices went down 3% on average last year in capital cities, and have risen in 1st qtr of 2009.By the $40b I assume you mean the borrowings and stimulus payments. Well,…[Read more]

Dan-tell me, what effect do you think another $40 BILLION floating around the economy will have on inflation? The effects of this and the recession are still to hit…give it time, you will see….Then add in increased taxes (well the government does have to pay for this massive loans somehow..) and a increase in interest rates (to stop a run on…[Read more]

Always keep in mind who is conducting the research-'vested' interests will always have a slant, I still have a buyers agent hasseling me day and night to buy buy buy becasue its the best time in the last two years he has seen!!!! lol o.k, well what about the next two years buddy….

Playa Chicken wrote:
it is now all about CASHFLOW, CASHFLOW, CASHFLOW.  And, there is TONS of it out there.So, really, it's just a different strategy that needs to be applied to meet the requirements of the situation.My 2 cents worth!Vicky

Vicky-cashflow (and by this term I presume you are meaning positively geared properties) is a very short…[Read more]

Every man and his dog has been able to make money out of property over the last 10 years-hardley an amazing feat. When  they get it right they are 'worth every cent' and when they get it wrong 'they cant be right every time'? Kinda reminds me of used car yards-why on earth people got to a car yard and spend another $3k more than they would by…[Read more]

Pffft buyers agent, property advisors are shonks. Do it yourself and save the money…..

Thanks Linar-Victoria

Scott, they are advisors/advocates, not sure of their license-from their site..xxxxxx, with over 50 years combined experience and unrestricted access to the Melbourne property market, ensures you get all aspects of the planning, selection and negotiation process right. Through our complete independence and expertise, we protect our clients from…[Read more]

I.P, they promised nothing as they couldnt garauntee anything (as with all finacial investment advice). Research-ZERO, absolutley nadda. I actually argued with him about this when signing, but he pushed me on the line -'we have been doing this for years, we know what we are doing' again belittling me. I should have ran on the spot BUT I gave…[Read more]

skuz-I agree, the vendors are being stubborn because they can still afford to hang on. Wait till the forced selling ramps up-baragins, or should I say property at realistic prices will be a plenty!! Inflation will be up, interest rates will be up, and wages will be sideways if not down.I wonder what the inflationary effects will be world wide of…[Read more]

Tony B wrote:
So Blogs, you always have good posts with factual info. What do you see the down side of buying now? I don't need to borrow much, very little. So the low rate from a repayment side does not worry me. I would like to build new as a PPOR. I can get the 29k FHOG, lucky. I feel inflation is my enemy, building cost may go up, but if…[Read more]

SHales wrote:
Hi Blogs,We are able to service our current debts at whatever the interest rate got to before it started to fall without a problem.  My plan is not to take on any negatively geared debts, and to ensure that when we buy again, the whole thing is positively geared, and likely to remain so when interest rates return to, as you say,…[Read more]

SHales wrote:
Don't worry, TonyB, we haven't waited for ever and already have a few properties under our belt.  Our trouble at the moment is lots of equity, not enough income to service a negatively geared property loan. 

Shales-no offense but if you dont have enough income to service your negatively geared debts at record low interests rates t…[Read more]

Im personally very worried about the bubble they are doing EVERYTHING to keep inflated. Gee even the banks giving unemployed people 12 months without repayments-what does this tell you?? It tells me the banks are scared outa their minds that the property market is on a kinifes edge and a influx of mortagee sales could send it spiralling.Now the…[Read more]

Bought in Kensington banks. Capital growth seems to be fine if you like at the stats, plus considering you need in excess of $400k to get a 2 bed town house now I gues cap gains would be around 10% per annum over the last two years. Doesnt matter if the area is 'full of town houses'-only so many places within 5 k's of the city that you can even…[Read more]

We are on the cusp of a prolonged recession, if not depression, unemployment will be double current amounts by years end, property prices in Australia are about to get smashed and you are laughing because of the past bubble? Better hurry up and sell or you wont be alughing for much longer IMHO-lets be honest here, things are about to turn nasty…[Read more]