Welcome to China where even Google is censored! Go Rudd we could be just like China no free speech, no rights a total police state. Vote him out next election, he will wipe Australia out in the name of "protecting people". Sorry my net is really slow now wonder why?…..

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Haha Wealth I hope your enjoying a bit of to and fro!  The retirement area is good aging population and all that. Yes we will see how much money we make in 2010.

Merry Christmas (I think we will see you back before that how can you resist?)

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Do you think there wouldn't be a whole bunch of investors who would walk in and start buying? Look at the US yes it's crashed but a huge bunch of cashed up Aussies have jumped on a plane to go and pick over the ruins.

If interest rates went to 10% would you have to sell your investment properties? I wouldn't.

I don't think any one I know would have to sell their ppor either. Maybe work more hours but not sell.

There may be a whole bunch of people who are geared too heavily who would have to offload but tough luck for them that's why you pay for independent financial advice. Also that is the risk that you take.

Figures on population growth in areas is available on the ABS site as well as other sites. Verification of claims is how you keep yourself informed.

Wealth, please inform but remember it is not our job to censor or scaremonger. (That's what governments are for) Yes it is best to tell anyone new to PI that it is hard work but I wouldn't like anyone to tell my kids that they couldn't do it straight out. I believe there is plenty of money for everyone it just depends how much you want to make it.

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Yeah I realised after that it could be taken that way.

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No please read the whole post again. The 6k is just for demolition of a small building. There was a shed to be removed? Everything is extra and I really mean that. If you wanted to try and get a planning and building permit on some plans you already had done then maybe closer to 10-15k but underestimating costs is the quickest way to end a project.

I am not up to title subdivision (this is generally done when construction completed) yet on our project so i cannot give an accurate cost. Better to make 4 or 5 calls and get an average of each option.

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Hi W4L,

I'm not old enough and I will never have enough experience! I am in no doubt of your intelligence. I have just seen a few of your posts and they seem to follow a similar line……..

I always see opportunity.

What do you make of general opinion (quantified by various market research) that most people are comfortable in their mortgages and are not feeling difficulty in paying? Many people are used to paying over and above the minimum payments. The will feel a pinch but not the full blow.

Yes there is tightening. There will be for sometime as the banks recoup many of their loses from USA. It will be like pertol prices.  Now $1.15 is considered cheap. People move on to other issues to complain about at their BBQS.

Interest rates are the next distraction for the masses. Watch this hand while I move my other hand behind my back and allow more foreign ownership of residential properties and put the squeeze on the property market.

Enjoy your day. I will go and look for those bargains you speak of.

 Please call me before the next "economic downturn" (I use "" because only two people I know lost their jobs and they were both accountants they didn't lose their house tho), I may choose to panic sell before the herd. I use the words "may" and "panic" very, very loosely.

And no I haven't read it. My current text is about commercial property investing. But I might get to it after that.

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I once met some people who bought a house when interest rates were 17%…..It's true! Gee and now we are whinging because they might get above 8%. If they go closer to 10% the media will have a field day, the current day govt will get the arse and the banks will get a stern talking to! (not much else tho)

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If you do a quick search you will find a whole thread on this. I personally have 1 so far in a rural town in VIC, I have found some others in NSW that I would be very happy to buy. If you are happy with the return go with it. As far a CG goes, about 10 yrs ago property  was for sale in a tiny, tiny town called Heyfield in Vic for about $24,000. This property went up about 3-4 yrs later to $78k I just did a search just then and it is from $125k-190k. So you can't tell me that CG don't come if you wait long enough. Shame I didn't have 24k back then!

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Yeah I'm with that but I don't live in a mortgage. All the properties I own are rented. I would still rather pay more tax and have more equity to use and own more of the property. Am I completely off base here? Am I better of to save tax and keep my cash under my bed?

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