APerry wrote:
"Australia doesn't have a shortage : it's got a massive oversupply."Absolute and utter garbage!

lol y areckon?? Just wait till the reality bites and a few properties hit the markets. You comment is shortsighted-the fact that there are so many 'armchair expert' property investors attests to the over supply of housing, just wait…[Read more]

Scamp wrote:
The truth about the australian housing market :The risks are huge, and will soon become more than clear to a lot of households when their lowest-ever 5-year-fixed mortgages will go up from 6% to 10% interest rates this september 2008.This huge increase results in average monthly mortgage repayments increasing from 850$ to 2650$.In…[Read more]

Scott No Mates wrote:
What happened on the 9th of November & what year?

Been living in a cave for long? lol try the 11th of september…Im not to sure of the facts, there wasnt really much media cover but Im pretty sure there were a couple of plane crashes or something and maybe a building collapse or two?

"Another free tip : the real value of your house is what you can sell it for : Not what banks tell you. If a fool buys it for 500.000, then it does NOT mean it's 'worth' 500.000. It just means it's worth whatever the NEXT fool will give you for the house ( that might be 1.000.000 or 200.000 ). Seeing that fools are running low on money, you can…[Read more]

Why do you want to own a home?

Have a read…http://www.hotcopper.com.au/search_do.asp?fid=0&srchType=1&page=1&pageSize=50&keyword=MAK

Have a read http://www.hotcopper.com.au/search_do.asp?fid=0&srchType=1&page=1&pageSize=50&keyword=MAK

Scramp-welcome.I tend to agree as my previous posts would attest. Just wayyyyyy to much debt and whilst it is fine and dandy while we are in the biggest boom ever, the coresponding recession (hazzrard to say depression) is just around the corner. As property 'investors' we should all heed such warnings and make informed, calculated purchases-not…[Read more]

Hi Johann,Best way to start would be a forum for the stockmarket called http://www.hotcopper.com.au, much like this one. Tons and tons of very knowledgable people. The onlything you need to watch out for is posters there may not always be posting with you best interests at heart i.e if they have bought a stock and want the S.P to go up they may post…[Read more]

Its o.k, just wait 7 years and property prices will be double lol

Seems pretty straight forward, all you need to do is get prices for demolition and removal of scrap, quotes for a new house and then compare costs with what you think you will be able to sell it for………you will either be loking at a profit or loss, weigh up if the possible profit is worth the percieved risk-simple.If the suburb you are…[Read more]

Thanks for the link, albeit a breif one. Dont really understand the point of it though-the fact that a handfull of locations have increased in prices means nothing. It would be like saying althought the stock market has crashed some stocks have gone up-no relevance, unless of course you are skilled enough to pick the rising stocks or in this case…[Read more]

Scuba37 wrote:
[While you "enjoy" waiting for the courage to actually buy a property over the next year or two we will enjoy your attempt as using the English language.

Bwahahahaahah love it!!! Thanks for the laugh einstien, just a little tip for ya-if you are gunna try to insult someone about their "attempt AS using the english language" at…[Read more]

"or will they be the same people who wait too long and miss the boat."Jon I think we have a loooooong time to go before we run the risk of missing the boat lol. Do some reading mate-just the tip of the ice berg at the mo. What do they say about those who fail to learn from history are bound to repeat its mistakes?

Bugger me!! You have a $600k mortgage on you PPOR and you think you know what you are doing? Yikes…..

Well if previously I was happy now Im ecstatic!! New high today boys $2.95!! Giddy up!!

lol your basing your investment descisions and your families future on what some anomonous posters on the web say? Dude seriously, unless this is a joke-get some PROFESSIONAL advice….

seank wrote:
Sure it is ok to post as you do, how about some solutions/strategies also for the novice investors?

O.K, well my advice would be the same as Steves-Cash is King!!! Save all you can, cut personal debt and play a wait and see approach.

seank wrote:
I agree Mark,Blogs no offence but you seem to be constantly posting media quotes and negative sentitment.

No offense taken mate All Im trying to do is make sure people are aware off all the information-both sides. After all, we are all here to make a quid and if we can save an extra 5% by taking note of the broader market,…[Read more]

seank wrote:
[The very same article was posted in Somersoft, and the general feeling was…. so what? 11k price drop in median price is rather small.

True, but bear in mind we are still in a booming economy with historically low interest rates-we are at the tip of the ice berg-thats what makes it interesting. If clearance rates at median prices…[Read more]