Ok I read this post and although I didn't want to get involved in the whole negative- positive+ thing. But I can't help myself.Everyone's situation in life what ever it may be, is an accumilation of their thoughts, dreams and imagination.You are what you think, no more no less.I choose to look on the bright side of things, I believe things will b…[Read more]

Badgers_R_Us wrote:
Dreaming, it's not necessarily about being negative, it's about being smart and picking the right time in the market to get in, or out if need be. 

Badgers I found your original post very pesamistic, I was just putting my observations forward. See I believe we are in a once in a life time resource boom like no other seen…[Read more]

I believe that a 3 bed townhouse @350K within 10km of the major CBD's is a better investment option than a 3 bed house on large block @350k some 25km from cbd because of the increasing costs of fuel. Alernative fuels are definatley going to come online in a big way but I reacon there will be a big time delay between affordabale alternitive fuels a…[Read more]

I have spent a whole lot off time reading investment books and watching property investment DVD's lately to learn how these people succeeded in becoming financially independant. The one thing all these people have in common is they are positive people, they walk the talk. If you want to be succesful in any chosen field in life surround yourself…[Read more]

Have you adjusted your tax with the ATO to reduce your weekly tax bill, might help with cash flow.

Just brought a place in Port Noarlunga SA, 3 bed home 6 offers in on property from 1st open. Missed out on the last two I put offers in on.Went to an open inspection at moana on Sunday gone, was sold on 1st day, they had the open to advise people and get names I think.I thought the property market was meant to stay subdude for another couple of years?

TheBish wrote:
Don't be too over cautious. Get a clear strategy – whether it be shares or property and ignore short term price movement.If a share or property fits into you criteria – Buy it.Don't procrastinate – I'm sure Kerry Packer never  did!!

If you can tell me when we have hit the bottom in the share market that would be great I'm just…[Read more]

crashy wrote:
history shows when stocks crash as they seem to be doing this week, money is pulled out of equities and is reinvested in property. thoughts?

For me times like this cash is King, but don't take your eye of the game as some good opportunities will be coming. Property and shares will present some good invesments in early 08, thats…[Read more]

Thanks for the heads up info, might just check out the recomendations.

I think the aging baby boomers will create a massive surge in immigration beyond the high levels we are already experiencing.In SA alone it is estimated that over the next decade 380, 000 jobs will need to be filled because of the retiring boomers.The only way these jobs will be filled is by increasing immigration, skilled people who bring a…[Read more]

foundation wrote:

a free man wrote:
Foundation you really should get out more.

I'll take your advice on board. You just need to understand that I approach all aspects of life in the same way – with skepticism (this is a scientific method, not a dirty word. Google it, it's easily learned; "scientific skepticism" or "critical thinking" should…[Read more]

foundation wrote:

a free man wrote:
I believe that with such an undersupply of homes being built and the lowest vacancy rates for decades that property will be more resiliant in the next recession.

Hi Free man,I'm just wondering why you think there is an undersupply of homes being built? Did you arrive at this conclusion based on your…[Read more]

Tysonboss1 wrote:

a free man wrote:
 They went on to say maybe this will be a one in a hundred year resource boom? Who knows but imagine if they are right what will that do to house prices? You should check out their site great for research.

If you believe there will be a one in a hundred year resourse boom, buying property isn't really the…[Read more]

Hi sunsetred,I agree with devos comments with regards protecting yourself. Everyones circumstances are different, take me I earn an average wage but my job is very secure even in a recession I would still be in my job. So I take this into account when I work out how much equity or cash  I want in reserve for when we have a economic slow down. Th…[Read more]

Great thread, it's good to read all the valuable advise.Before you sell the house you should read Michael Yardney's book, Grow a Multi-Million Dollar Property Portfolio.It has completely changed my views on selling property. I now think why sell a property when you can access the equity you have built up in the property for your next project. And…[Read more]

I went down a similar path to yours, done a reno then sold it, brought a new car because the money was there. I do things differently now, I hold the properties and buy another one using the equity I,ve built up. This works better for me, takes away the temptation to spend money on things I don't need.But hey everyones path is different, not…[Read more]

I believe that with such an undersupply of homes being built and the lowest vacancy rates for decades that property will be more resiliant in the next recession. Like any investment you need to have plans in place to get through financially challenging times. If you sell your IP's your going to pay CG tax, the question to ask yourself, are the val…[Read more]

Thanks for your thoughts, I think I'll make sure a body corporate is in place before I sign on the dotted line.

I use to think how can houses keep going up like they have in the past, then I read an article about home ownership. The fact that 70% of people are currently in the housing market either buying or own their own home plus investment properties. Then take into account people on average sell their family home every 7 to 10 years, so by upgrading…[Read more]

I look forward to the future, when the share market  goes through a correction, investors will pull their money out of the share market and buy property. Being so cashed up from a booming share market is only positive for the property market.