wealth4life.com wrote:
Who is the RBA they used to have influence over the banks but now the banks don't give a dam what the RBA says and they do what they like justifying every action.

In my opinion the financial crisis was a blessing to the major banks here is Australia. It wiped out most of the smaller non bank lenders that provided…[Read more]

easyfinance4u3779 wrote:
One tactic sometimes used by them  leaves you wondering which to choose, they have been known,  to over quote to win the job, can you imagine that.

If you believe the agent is giving you a false estimate to get you to sign up then insist that a condition is inserted into the contract that says they will not be paid…[Read more]

If you cannot subdivide then doesn’t that mean the land can only have a single title on it? A duplex would allow two titles on the land? I’m in WA and have a large block but it is zoned R20 (single title only) and just falls short of what is required for a subdivision.

Article from August 2008 regards the housing collapse there:

http://www.commondreams.org/archive/2008/08/08/10875

Extract from article:
But with the locals out of cash, who is buying? “The foreigners are coming in droves: 80% of the people coming into our office are from England, France, Germany, Italy. Between the falling prices and falling…[Read more]

Which New Zealand bank is paying 6%? Their current cash rate is 5% with further cuts expected.

http://business.theage.com.au/business/world-business/new-zealand-central-bank-slashes-rates-20081204-6quy.html

In the US the rates have dropped steadily and are now almost 0% and that hasn’t helped them.

Google ‘short term accommodation perth’ from the pages in Australia option. You should find a few solutions there.

If they are young students like yourself then a hostel or backpackers may be the easiest option for a few weeks.

I heard her talk at a free DealMakers seminar a little while back along with Tony Melvin and another presenter on CFDs. All three were introductions to the respective weekend courses. I didn’t sign up but was very impressed by her energy and enthusiasm. It was very contagious!

Arab Bank certainly are offering a very high rate considering the RBA cash rate is currently 4.25%. The thing to remember is that savings accounts have variable rates so they are subject to change. So although Arab Bank is currently offering around 7% and you open an account and transfer money into it, they can reduce the rate at any time thus…[Read more]

PosEnterprises wrote:
I hope they drop down to zero % then can starty paying off the principal debt

What about all those people who have moved their money into cash because of the volatility of the share market? I read of the possibility of rates at between 2% and 3% by around Easter next year. If rates drop to that level then it would…[Read more]

I did see one of these signs in Perth along Flinders Street saying “Houses bought for cash’ or similar and a mobile number stuck to a light pole. I’ll have to look out for it again next time I’m driving that way.

I agree that there is little incentive to save. Whatever you earn in interest is calculated as part of your taxable income. And if that interest pushes you over into a higher tax bracket then you end up paying even more so we do need tax concessions on savings accounts.

As far as our economy is concerned it is now mostly based on consumer…[Read more]

I’m sitting tight at the moment. I shut down my managed funds because tired of the volatility and I think the overall downtrend will continue. Yes there are bargains out there but I will stay out until the market shows solid signs of stability and recovery. Otherwise you may be ‘catching falling daggers’.

I was retrenched from my job and at…[Read more]

I read somewhere ( I think it may have ben this forum) that when you move back in after 6 years you must move back 'completely' in order to satisfy the ATO that it is once again your PPOR.   This means utility bills, bank statements and drivers licence should be back to the PPOR and not some interim address.

In the current issue of Smart Investor magazine there is a feature article about setting up an investment club so you might want to have a look at that.

Mortgage Hunter wrote:
Originally posted by salacious: I would like to buy large quantaties of legal stuff and onsell for a profit. But ether way if someone new the answer to this question we would all be wealthy people. Dom [biggrin] Import stuff from China and sell it on eBay. 

If you import an item or items valued at greater than a certian…[Read more]

And all those millions haven't disappered into thin air either.I really feel for those investors, mostly elderly, who now face an uncertain future.  For many of them, their life savings gone.Unfortunately this sort of thing will keep on happening.

And don't forget that world oil production will peak as well which means the potential for a world market collapse and general anarchy as existing supplies begin to dry up.  And we are years away from a working alternative to oil.

I'm also interested in commercial property for the same reasons but want/need to start small by looking at storage units and car parks.  I'm currently reading 'How Investing in Commercial Property Really Works' by Martin Roth and Chris Lang.  This months edition of 'Your Investment Property' has an article on commercial property.  See http://www.yipmag.co…[Read more]