you claimed your job was super-secure, then you say you are in residential construction, which will most certainly be a job first at risk in a recession. same goes for the builder partner of course.

"If the Reserve Bank decides to slash Interest Rates by another 1 to 2 % or more, property owners aren't going to have such a need to sell and prices won't be as negotiable"

why would you assume that? people didnt sell when rates went up so why would they have "less of a need to sell" when rates fall? people will sell because they dont have a job to pay the mortgage or expect prices to keep falling. secondly, the RBA cuts rates because thing are bad. the rate cut is medicine for a disease, it is not a windfall for all.

skilled chinese migrants need a job to go to by the way. if there isnt enough jobs for aussies why would we let in migrants?

I actually agree with your "strategy" however incomplete & based on flawed logic, however you said NOW was the time to implement it, that I strongly dissagree with.

I also strongly dissagree with the way you structured the post to ensure you were told what you wanted to hear, instead of the truth. furthermore, once again you totally dismiss the opinion of your partner. nuff said there.

99% of this forums members are preaching the end of days, while I have been suggesting that we need to keep our eyes open for opportunites. I dont think we are near that point yet however.

I would spend the extra $150 if I were you……..

re tiles, the spelling may be wrong

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 any joins, and Ive never had anyone say to an agent "oh, these are tiles? look at the joins!" but I have had quite a few who said "nice granite benchtop" & the agent shut his mouth in photos it honestly looks like granite.

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 NEVER seen anyone say anything like that.

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

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 the future that we all sold all our properties at the top of the market right?

ass-u-me

he 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.

Scamps predictions and outcomes:

USD to crash – USD has become a safe haven and has instead rallied
rates to rise – rates dropping through the floor
Aus 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 weak
AUS MORTGAGE RESETS???!!!!

Scamp, you realise you are making a complete fool of yourself?