for starters you might be better of renting out your ppor, rent somewhere cheaper, draw out some equity for a small deposit and buy your first IO. by cheap and make sure you can add value and its got a high cashflow.  my opinion only though.

BOOM,BOOM,BOOM,BOOM.I will be selling between 2011-2013

hbbehrendorff wrote:
We are heading towards a huge recession perhaps even a depression,  And it looks as if kevin rudd is going to do everything in his power to make this ecconomic storm do as much damage as possible,  To push for his real agenda,  An Asian union followed by world government ruled by the social elite.If our all wise and lo…[Read more]

if you swim with all the other fish you  will die/eaten up. be a shark.who gives a shit who owns the rba or how low the dollar and interest rates fall or the dow reaches 5000 points.history tells us inflation increases, shares slump, interest rates fall, yields. increase, property becomes more affordable etc.As investors, the worst thing that c…[Read more]

gold has also traditionally been a hedge bet when inflation has been high. when the credit crisis is over and oil goes back to $150 a barrel, the price of gold will probably go through the roof.

Mister wrote:
I chuckled after posting this question though,  I must have been the only person in the country offering anything on anything last week of all weeks .Cheers

your not alone, trust me!
if your a true PI, you would be doing your best to buy at least a couple of IP before the years end, obviously 15% below the asking price.

courses are a waste. unless you can overcome your fear of big debt and have the drive to buy multiple IP, I dont see the reason to attend. theres no point doing a course if your only want to buy a couple of IP's

if yields keep rising because of lower interest rates and huge rental demand, then wont house prices keep rising, resulting with the rich getting richer and the poor getting poorer? that is, by 2020 there will be a greater percentage of renters than todays percentage.
basic economics really!

Scamp wrote:
Wealthyjvd : – There are more and more rentals available on the market. Some units just won't rent out for over a year already.- Credit isn't available to any fool anymore. ie : people on 40.000 wages won't be able to buy a 500.000 house anymore.

WHERE???ABS estimates that by the year 2030 50percent of australians will be living in…[Read more]

Scamp wrote:
Wealthyjvd, This is how USA and UK financial markets and housing markets crashed. This is also how Australia will crash. Only difference is Australia's crash will be MUCH bigger than UK and USA crash put together.Stay out of property… until you can buy for 200.000 instead of 500.000….

I think thats very unrealistic, I don't…[Read more]

Is Moura the next Moranbah?

If companies spend tens of millions of dollars to set up, I highly doubt that will pack up shop 12 months later if commodity prices fall. For example, if coal was to drop in price by a third, it is still viable for the mines to keep on mining. IMO they will amp up production regardless to keep theyre share price…[Read more]

The RBA has to lower interest for a number of reasons. Economic growth can not occur efficiently if rates are kept higher just to battle inflation. If the RBA leaves rates as they are or even raises them and demand slows considerably then stagflation might occur. This has already started to happen though as business confidence is at its lowest…[Read more]

The U.S. currently has a 15% foreclosure rate compared to Australias 1%. The only worse to come is going to be for those who aren't currently actively building their portfolio as we speak. You don't see Woolworths frantically selling and reducing debt. Their obviously building in rural mining towns…My opinion only.

How many IP do you own badger???honest answer only though….