I would spend the extra $150 if I were you……..re tiles, the spelling may be wrong

dragun wrote:
Tonight on 60 minutes there was a segment on property prices dropping by up to 40% within the next few years. it does seem a little drastic to throw around figures of 40%.

the stock market has fallen 40% in less than a year !! it's not DRASTIC, it's PLAUSIBLE

it depends on the tile. the ones I use are from Metro tiles, they are called "Marrazzi". I pay $30/m but the RRP is $60.if you butt them together there is a very small valley which I filled once and couldnt tell the difference, so I didnt bother after that.first, realise there wont be many joins as they are 600mm wide. from a distance you cant see…[Read more]

re kitchensIve used both bunnings flatpack and Ikea kits. while Ikea kits are a bit more expensive, they are a hell of a lot quicker to assemble than bunnings flatpacks. also, Ikea sells a kitchen door for $5, its 700 x 300 flat white. you can build an entire kitchen from these. the cheapest bunnings door is about $25. I also buy kitchen…[Read more]

the hope is that rents will increase over time while the mortgage stays the same, eventually becoming cashflow positive. Or, you sell when prices rise (capital gains). In the meantime, the shortfall is covered by your income and tax deductions (negative gearing).it's such a simple explanation but despite all the property books I have read I have…[Read more]

is it a bird? is it a plane? No!!! it's SUPER-SCAMP !!!how is that super hero complex workin out for ya?

if near a boat ramp it can add quite a bit, otherwise I would guess it adds about 5%

rates dropping, FHOG doubling, rents increasing, prices dropping.anyone recall what happened when FHOG first came in?its all good

soaring rents, falling prices & plummeting rates…….oh my god lets all run away like little girls!!!!soon they will be positively geared, gee…….we wouldnt want that would we?lets all stick our heads in the sand and tell everyone theres no plausible reason to buy property for years to come.after all, we are all soooooo good at forcasting…[Read more]

58 would be acceptable on an entry of 65, you never can pick the bottom. that would equate to about 1 years worth of interest. I would expect the USD to resume the downtrend soon and the yen will get dumped.

"There is substantial currency risk involved."at 108 yes of course. or do you mean @ 50x leverage?but in the mid 60's?surely you dont really think it will drop to zero?it could easily double from here, but could it halve to say 33? I very much doubt that!there is substantial upside on this currency pair right now, and at worst if it stays flat for…[Read more]

todays bargains are tomorrows margin calls……….

great post

great colorsnice job

ass-u-mehe never said it was 1.5m high. 1.5m sounds like the length, and 0.14m the thickness. anyways, unless you are on the top floor its a no-go.

have rents gone down to where they were last November?who said anything about capital gains? my post was CLEARLY discussing positive gearing.but hey, dont let that stop you from posting condescending arrogant irrelevant negative dribble. instead of looking for opportunities, lets all join Scamp & F(wit) & co at a wrist slashing convention……….

Scamps predictions and outcomes:USD to crash – USD has become a safe haven and has instead rallied rates to rise – rates dropping through the floorAus property to fall 50% – down 5 – 10%oil to hit $2 – oil was priced in USD and oil only went up cos USD was so weakAUS MORTGAGE RESETS???!!!! Scamp, you realise you are making a complete fool of yourself?

we are full time renovators & have decided to pull out & wait till prices fall at least 20%its just not worth the risk right now.when the fit hits the shan, it doesnt matter what you drop your ask price to, if theres no buyers, it doesnt sell.

people always assume a 40% fall is impossible, yet just look at bank shares which have fallen 75%. everyone said that couldnt happen.we have had 30-40% falls in houses during previous recessions, so why would it be unlikely now?

you talk a lot but dont really say ANYTHING (despite the shouting)