You would be surprised who and what many of the people on this site do!! Lets just say I base my research and beliefs on more than hope or realestate agent spin.  Try reading some of my posts einstein-Im sure you will feel embarrased and realised what a fool you are lol No Im not the type who is to 'scared' to invest, quite far from it actually. But Im not so stupid to invest in something at the peak of its cycle, especailly when everything is telling me its going to fall-maybe thats your speciality?

Funny how you mention investing in shares-as a matter of fact just so you can sleep soundly you will see in my old posts I sold a few of my investment properties and put the money into the stock market. From just that move alone I can garauntee I have made more money in the last 3 months than you would have in the last ten years lol gee maybe I do know something about the future?? Nah I just dont have your silly 'buy property-its the only way to make money everything will be o.k' rose coloured glasses on…

So you keep up the good work chump!! Im quite happy with how I have gone over the years, are you? Smart money moves where the highest returns are, why anyone would be buying properties now is beyond me? But you keep having feel good feelings about the future, Im sure thats how all the rich people in the world made their money

BTW, how much money have you made over the last few years? I would like to compare my bank balance from my 'dimly lit office'

Dont worry, be HAPPY

http://www.news.com.au/heraldsun/story/0,21985,23765169-5005961,00.html

"Jobless queues to grow"

"Growth is slowing at a time when inflation is rising, which will also put household under additional financial stress as living costs soar and some main breadwinners lose their jobs. "

Hang on, wasnt this exactly what I was saying?? Maybe they dont know about the money tree the majority of the population hvae planted in their back yard??

I dont think ormeau is saying the world is coming to an end. My interpretation is that all you bly sky dreamers seem to blindly believe property prices will continue to sky rocket, and heaven forbid ANYONE who says property prices will fall. Yet none of you want to even consider the effect peak oil will have on the economy??? Sure it may not send us spiralling into a depresssion blah blah blah BUT is sure as hell could quite easily put us into a situation where property values will not only stagnate but will also fall.

Why do you find it so hard to believe that people with massive mortgages (and there are lots these days-how many can afford cash for a typical $650-$700k house?) will be able to cover spiralling costs ontop of their already stretched budget??

Try to keep it simple-house are ALREADY at record levels of unafordability, yet even when faced with spiralling inflation, fuel and food costs you think people will STILL be able to find even MORE money to support rising property prices?? It stagers beleif….

I dont think ormeau is saying the world is coming to an end. My interpretation is that all you bly sky dreamers seem to blindly believe property prices will continue to sky rocket, and heaven forbid ANYONE who says property prices will fall. Yet none of you want to even consider the effect peak oil will have on the economy??? Sure it may not send us spiralling into a depresssion blah blah blah BUT is sure as hell could quite easily put us into a situation where property values will not only stagnate but will also fall.

Why do you find it so hard to believe that people with massive mortgages (and there are lots these days-how many can afford cash for a typical $650-$700k house?) will be able to cover spiralling costs ontop of their already stretched budget??

Try to keep it simple-house are ALREADY at record levels of unafordability, yet even when faced with spiralling inflation, fuel and food costs you think people will STILL be able to find even MORE money to support rising property prices?? It stagers beleif….where will

Ahhh Seank sure you read the article yourself? It isnt JUST about public trustee houses, it is also about properties that are vacant for other reasons. That asside you would also realise the article is saying "Every year about 1200 vacant houses fall into the hands of the Public Trustee" but due to red tape they cant get onto the market instantly. Also that "The number of unoccupied residential dwellings in Sydney counted by census workers in 2006 was 122,211, with the highest number found in the inner city" -not all of these were due to Trustee issues as you incorrectly pointed out. Read the article again in full maybe…

C'mon APerry  think about it rationally for just one second-our property boom was fuelled by record low interest rates and a commodity boom, now the effects of which have started to dissapate. Remove these two factors and what is going to fuel the growth over the next 5 years? O.K so we should be able to agree that we wont see growth over the next 7 years like we have seen over the last seven.

So now lets think about factors that could allow the growth, or fuel it. Disposable cash-nope, people are struggling more and more each day. Wage growth, nope-the more inflatonary pressure the higher the interest rates. WHAT DO WE KNOW IS HAPPENING, WELL PETROL IS GOING THROUGH THE ROOF AND WONT BE COMING BACK DOWN-DONT KNOW ABOUT YOU BUT PETROL FOR many people is a major portion of their weekley expenses. Through into the mix a large portion of 5 year fixers coming of their cheapo interest rates and having to start paying near 10% and again we have another wammy.

I know its much easier for people to convince themselves its allllll going tobe o.k, but how about posting somethign to convince me property is guuna continue to boom?

What Im saying is the states are in all sorts of trouble due to wayyyy to much debt, and even with low interest rates people have had to sell their houses at massive losses. Now look at Australia-massive debt, period of never before seen spiraling property prices, inflation getting out of control, fuel prices hitting record highs, the cost of living is just going up up up….put two and two together-seriously for you (and possibly your families sake) stop being greedy and take a breath. Where do you think people are going to get the money just to cover the increasing costs of living let alone support a increase in property prices that are already way over valued by not only our standards but world standards? People hate to face reality, and then when reality bites they all go to point the finger at someone else (usually the government) rather than have a good hard look at themselves….

Again another article in the paper on the weekend stating already properties at the top end of town are selling for $100k less than they were just 12 months ago-and we arnt even in 'financiall hardship' yet, just wait till the pain really starts to bite

Aint seen nothin yet…..

But thats the beauty of this forum-hopefully we can all work to increase all our positions while the sheep are led to the slaughter…

That guy is a joker-tell him hes dreamin!!! lol interest rates have plenty of up before they can even THINK about coming back down….

Simple -you just watch the supply come on the market when all the fixed rate loans come off and have to be re financed. Im sue all the armchair expert property investors who watched it on telly so bought a house will soon flood the market….

Wow thats a whole $14 saving!!! Sure you aint CRAZY????? LOL How generouse of you…. 

Want to make a bet!!!! You are basing this belief on what exactly???? Try having a look at the states for some real world evidence-PLENTY of properties sold at 30-50% losses mate!!!

There arnt many selling at a discount here YET because people are still managing to get by. Its once they are forced into a position where they HAVE to sell that you will see property prices tumble!!! Just go to some auctions-much different atmosphere to even a few months ago-people are sitting back-the greed has turned from the seller to the buyer who is hoping to buy as cheap as possible. Give it time…it will come!!!!