So who did you work with? Currently, Sir John Cornforth, Peter Doherty, Rolf Zinkernagel, Barry Marshall and Robin Warren are Australia's only living Nobel Prize Winners?As for all the investors-they all came from TV and Newspaper land where they have read how easy it is to become a millionaire in property

nedkelly wrote:
The property shortage is well documented and the economy is still booming if you take economic growth figures in to account. This article doesn't refer to either of these things. The article states it's interest rates and the falling stockmarket that have driven prices down.      

For every 'property shortage' document you can s…[Read more]

yarpos wrote:
I was reading an article other day with a screaming headline about massive % increases in defaults ,  when you read the article the % increase was indeed big (and double in Sydney compared with anywhere else) but it was off a small base and still trivial compared to the total no. of mortgages.  Disasters for those involved but n…[Read more]

virgininvestor wrote:
You guys should be fortune tellers!!So basically for saying normal people with families and who enjoy life outside money are 'F$#%ED' Grow up and may god give you a soul.

lol wow what a sensible, value adding post this one is!!!Geez dunno why Im even bothering responding to this joker but….O.k virgin, Im guessing by your…[Read more]

Jeff Johnson wrote:
There's no time like the present.Don't wait to buy property, Buy property and wait.

lol spoken like a true land rat…..

rgarreffa wrote:
Hang on is there a cycle happening? Returns are crap generally and people cannot afford to buy so they need to rent.  Rents will need to increase to cover a return of investors to supply more housing for rental.  In the past 2 years rents have started trending upwards sharply and will continute to do so with vacancies in many s…[Read more]

yarpos wrote:
nah, not really making things up , just latching onto a factoid with great fervour because it fits the template as you say its a forum, no barriers to entry and no IQ test ,  so you will get a % of dills, dreamers and tyre kickers……but, from what I see at least ,  there are some great contributors here and a good number of ne…[Read more]

yarpos wrote:
errrr…no, did I say that?   interesting interpretation…you have a scenario you beleive in and you pick the symptoms that fulfill your expectations…..I think the trend is there also , maybe just not with an outcome as apocalyptic as you present…..i trust there is room for more than one point of view. 

Mate you had a dig I…[Read more]

TonyB,I think the biggest, most pressing factor in the property downturn will be MARKET SENTIMENT. Much like the stock market people are but sheep-and as soon as they get a wiff that they may not be going to see gains over the next 5 years like they have over the past 5 I believe they will be compelled to sell to maximise their profits rather than…[Read more]

Steve,You mention looking towards commercial property. Would this be for a long term view? WIth increasing interest rate pressure and a looming recession wouldnt this be a more risky sector?

yarpos wrote:
your letting facts get in way of a good story Scott

Ohh sorry did you think the whole basis of the property down turn was due to the rate rise by the NAB? I was pointing out yet another rate rise-and there will be plenty more dont you worry sunshine. Tell me this gents-how do you think the large proportion of pie in the sky…[Read more]

Qlds007 wrote:
I read somewhere it was actually 9% if that makes it a better scoop.

Yawn…gee how surprising….I heard 0.9% on the radio so sue me if the announcer made a mistake-wouldnt be the first time. That asside it doesnt change the fact that we are in for one hell of a ride over the next few years-even with interest rates as low as…[Read more]

The pre quoted prices are a crock of poop and a waste of time-pay no attention to them. Its amazing how many auctions I have been to where the reserve has been well above the pre quoted range!!!

L.A Aussie wrote:
We don't need more discussion about the gloom and doom. If you want to discuss it more, go over to Global House Price Crash and you'll have a great time.

Sorry mate I think we do. Knowledge is power-why stick your head in the sand. Already we are seeing posts from people who are finding their properties arnt worth anywhere…[Read more]

Finaly someone with half a brain!!!! I commend you Alex for actually doing some sums instead of blindly jumping on the 'property will make me a millionaire' bandwagon as soooooo many idiots have!!! I still cant but help laughing in people faces when they brag to me that the house they just sold for $700k that they bought for $350k-I ask them how…[Read more]

Why are people so freaking dumb? The country is certianly headed for recession-you can bet your last dollar on that, and now all of a sudden we have the start of panick selling and hysteria with the media beat ups-anyone see sunrise this morn? Auction clearance rates below 60% in parts of melbourne and a massive 1400 properties to auction on the…[Read more]

Jaffasoft wrote:

johann22 wrote:
I have a friend who works at one of the four banks and he has said that his bank will be uplifting rates by .50%.

So the Prime Minister warns banks not to raise there interest rates and banks suggest that they are going to do the opposite. That's really listening to there leader.

Why should the banks listen…[Read more]

L.A Aussie wrote:
It's not often you see a person earning $250k per year living in a $350k house out in somewhere like Roweville in Melb, driving a 4 year old Honda Accord. No; they're hocked up to the eyebrows with a $950k house in Kew, and there are two brand new BMW 4WD's in the garage. Actually; they're not in the garage; the boat is in…[Read more]

You dont have to have a $550k mortgage, brand new car, plasma and surround sound to get by in Australia-but these are the same people who will cry the loudest. They expect our sympathy-its a joke. In the HeraldSun just last weekend there was a sob story about a poor couple who were facing loosing their house, has a nice photo of them standing at…[Read more]

devo76 wrote:
The sooner we have a bust or correction. The sooner the doom and gloomers can jump up and down and celebrate the misery of others and the sooner we can look foward to a boom time.Let the babies have there bottle for a few years hey.

No, not celebrating the doom and gloom, but the inherint greed and self obsessed stupidity that has…[Read more]