Our state, WA, has been lucky to dodge this bullet.

However, the dictatorship may well come to an end after his latest knee jerk reaction.

Get the Jab or get a $10,000 fine, and another $100,000 for your boss.

Oh, and if you’re not vaccinated come 15 November you are not allowed to enter our state.

I feel & hear civil unrest building which…[Read more]

I've been absent for a few years.Took a bashing.Bouncing back slowly.Wondering how the WA folk are getting on and if there is any 'think tank' action happening?

Originally posted by ctaing:
Take today’s share market for example; ouch, it hurts. …..

Where are the markets all heading 2007/08?

The point is, a correction cannot be ruled out ………

Yep, with the correction on Monday I was down 66% of my trading float, am currently back up 78% for this year…..its all in how you look at it and decide…[Read more]

Well, the media never lets the facts get in the way of a good story…but then…if they keep saying rent is going to increase then we can get away with raising ours accordingly because people will expect it & it will in effect become a reality, and in turn people will hate paying high rent so they’ll look for their own place so the ol’ supply n…[Read more]

Originally posted by picklesam:
hi …. not academically or business smart, i struggled through highschool but still made it to uni………don’t know how i can get a better income job, I’m on a $95k package… ……

I left school at 15.
Never earned more than 45k p/a
Worked for the government – souless and draining
Had businesses – average
Now…[Read more]

Hi Bez
I would say that you are never dreaming as you have to start somewhere.
What you may want to consider is ways of building your savings to get to a position where you can invest in property.
Options might be:
– Seek out others in a similar position and join forces
– Look into cheaper properties in areas other than where you may live
– Look…[Read more]

Originally posted by Tracy Lee:

Hi Tracy
I heard fire trucks going past my place today and poked my head outside to see the fire in the hills (I’m at the base). My brother lives up in Lesmurdie and friends in Gooseberry Hill so I kept an eye on developments ready to run up the road.
The bush across the road from me caught fire about 4 years ago…[Read more]

Originally posted by roachy:
Originally posted by wealth4life.com:
Several high level friends of ours are predicting worse to come.

Low Doc home loans forclosurers are increasing at an alarming level, with one mortgage management company telling us that the only department in their group growing is the bank closure department.

Credit card debt…[Read more]

Hi perthman.

I too am in Perth and keep an eye on movements. The great thing about press is, it may not be true, but can become self fullfilling and work in our favour, ie; we can buy property cheaper. My thoughts anyway

Originally posted by perthman:
average time to sell …….65 days.

I hadn’t seen that one, the Sundry Crimes reported 30…[Read more]

Thanks GMH

Long live the big block stato

Oh yes, 1st acquisition for the new home – 2 post hoist so I don’t have to keep crawling under the race car! – and then slip in a shed extension as well – we’ve got 2500 sqm to play with.

Cheers

Hi GMH

I hear what you are saying – but – like I said it depends on what you are buying for. In our case this is a long term investment – a new home.
Will prices drop? Possibly, but not guaranteed.
Did we buy at the right price? It is comfortable to us and within our budget…AND we have an exit strategy if required.

Originally posted by…[Read more]

Originally posted by L.A Aussie:
Originally posted by wealth4life.com:
Hi GMH,

I don’t think the smart people are buying property at the moment, I think the smart investors are waiting till after xmas possibly

Doh – joined the not too smart ranks – just put in an offer on $730k worth of property

Seriously though, I guess it depends on what…[Read more]

Originally posted by wealth4life.com:
Hello all,

Well it appears that interest rates are going to rise as i heard this morning

Interested to know your thoughts – investors – price drops around the country – and worried mums and dads ..

D

Yesterday it was likely to drop, today is likely to rise, tomorrow is……..

Worried mums ‘n’ dads, yep,…[Read more]

Thanks again for the figures. I guess as with any stats (not saying they are incorrect or skewed in any way) its all in how you interpret things.

I’d hope that the ABS don’t do like I used to when I worked for the Gov’t and my boss would walk in and say he needs some figures to answer a parlimentary inquiry and blah blash blah, and my reply was…[Read more]

Originally posted by foundation:
I’ve whipped up some graphs to help the discussion about home ownership proportions, future demand, etc.

Thanks Foundation. It’s good to see some figures behind things.

Where do you get your numbers from?

If I’m reading it right then ‘nothings really changed’ ?? But then its only a 5 year difference so not sure…[Read more]

Hmmm – $500K cash

Would conisder paying PPOR, but not much sence as I’d just rent it out. By a new PPOR when I get back from o/s holiday.

I’d by another IP (or 4) depends on value as I’d borrow most of it anyway. The rest I’d trade on the CFD/FOREX market and the profits between the three IP/CFD/FOREX would by me more properties….and maybe…[Read more]

Haven’t heard any news about the FHOG – I didn’t get it first time around (came out after I struggled and strained to get my first home – grrrr).

I think I saw figures something like only 30-40% of people own/purchasing their home – so there’s still a lot of room for new people to enter the market – don’t forget FHOG is not just for teh young…[Read more]

Originally posted by gmh454:

.

Having said that …….seriously how many people who qualify for a first home owners grant, have not taken it up.

Are you working on the theory that the human race stopped spawning at some point?

Originally posted by wealth4life.com:
Thanks Canam

What i cannot understand is why people are buying in Perth with such bad rental returns to cash out lay, is it just the heat in the market ?

and have the rents been increasing over the last 6 months or so?

D

HI W4L
I can’t profess to know all teh reason why people are buying in Perth.…[Read more]

Originally posted by Carl.Alexander:
Plus the whole i’m not rich but i want a massive 6×4 to make me feel better is also making things go up in areas in established areas one hour out from the city. People for years have taken up to much land also The people of Dullsville reluctant position on allowing highrise development which is also still…[Read more]