Peak Debt wrote:
The shortage is an invention of the banks and real estate vested interestsIf you look at the data between the 2000 and 2006 census, the number of houses increased by a greater percentage than the number of people.

this is exactly my point.  everything is propaganda to keep the economy from going into recession but unfortunatly…[Read more]

hey guys.just wondering how do you find out the costs associated with building. i can find places and see how much i can sell for but its the cost of building that im having trouble figuring out.

hey.yes north queensland or all of queensland for that matter is suffering but sydney and melbourne have started to show some signs of similar scenarios. rental vacancies have started to increase, rental returns have been neautral or %2 at most, auction clearences are at %50 and prices have not increased for the last few months and in some areas…[Read more]

Hey freenterprise.   from my understanding rental vacancies has increased, rents have only increased at %1-2 nationally and not the %5-8 that the so called real estate gurus where predicting at the beggining of the year, auction clearences at at %50 in sydney and %55 in melbourne and this is the best cities to buy in apparently. Brisbane, perth a…[Read more]

hey guys im sort of new to mortgage brokering but wouldnt a line of credit, split between a fixed rate for the current loan and a variable rate for the new property be more suitable. that way they can save money on having seperate loans, like fees and other stuff.  IM not to sure about the tax implications in this but id assume you could use all…[Read more]

harb wrote:

cuteyoungchic wrote:
I live in a city South of Perth. House prices have been falling here for approximately 2 1/2 years. There are loads of houses are on the market, to sell your house, you need to drop the price by tens of thousands.. Rents on existing properties haven't risen in a year or two. The main local paper has an…[Read more]

hey freeenterprise can you please explain why there is new unsold properties in sydney, perth, brisbane, gold coast. if its like you  say that we have an undersupply of property by %1 then why do we have these unsold brand new apartments and houses. im baffled by this because if there is an undersupply then we would not have one vacant property.…[Read more]

well if there is an undersupply then wouldnt the rental market be the first to snapped up because its a much cheaper option than a mortgage. I mean really how many people do you see living on the streets. I see a handful in sydney cbd but thats it so we know people have housing. Then how much pop growth we see for next few years and thats…[Read more]

hahaha yes your right. earning $42000 a year after tax with no headaches in a time of uncertainty and possibly, thats a high possibility, of your asset depreciating in value and only returning $21000 in rent  after tax, you also pay tax on your rent, is a very silly idea. Obviuoulsy your one of those people who only started looking at poroperties…[Read more]

hey banker. well for someone to not worry in these times would be very fullish of them. if we where having a standard recession then i would agree with ur cycle theory but the circumstances in this recession are very different. The problem began with easy money and thus the sub prime problems which created high debt in the banking system which…[Read more]

hey unnmesteryeah i agree. i think most people in developed countries will suffer the most because we are so used to a good and easy life. well lets hope it doesnt collapse completly.

Just to let you know. In america, spain, ireland etc etc they too where saying they had an undersupply of dwellings from 2003 until 2007. now they have a huge oversupply. hahaha.  did 20mil people just dissapear into thin air in amercia and over 2 mil in spain and etc etc etc. because thats the number of dwellings vacant in those countris.

well you say its a generalisation but i work in the construction industry in sydney and i can tell you there are a high number of new properties unsold on the market. Killara  is just one place that i know had a significant number of develepments come into the market this year and last year and half are still to be sold. eastern suburbs of sydney…[Read more]

what i really want to know is how i can protect my wealth. more than likely cash will become worthless as currencies collapse with economies, Properties might lose their value to the point where they are as cheap as chips and gold/silver is only worth its weight on the stock market but in reality i cant go down to a shop and buy a loaf of bread…[Read more]

Man america is completly messed up, corrupt and greedy.. Its just a shame that they managed to corrupt the rest of the world. America reminds me of the great roman empire. It was thanks to corruption and greed that it crumbled from within but this time it looks like it might be the whole world.   I just want to know what happens to our assets a…[Read more]

So hans whats ur opinion about getting into the mortgage industry at the moment. If lenders are asking valuers to drop figures by up to %30 then this would mean it would be extremly hard for people to get loans since most prices will be above valuations. Im thinking about getting into the industry but these sort of forums tell me maybe to not…[Read more]

hey hans what was the name of the four corners program. your link doesnt take me there and i can not find it anywhere else.

My advice to anyone wanting to learn options is go online to google or any other and u will find many many many informative websites and forums like this one. theres a million ways of doing options its just a matter of looking at scenario in front of you and working with it.

If anyone really want to see how good non banks or credit unions are just go to infochoice.com.au and see for your self

ok here is a loan from a Mortgage house. its a variable at 6.49%.Loan DetailsLoan Type Variable Security Type ResidentialProperty Availability Owner Occupiers, Investors Repayment Options Principal & Interest Repayment Frequency Weekly, Fortnightly, Monthly Interest Rate Notes Min Loan Term 10 Max Loan Term 30 Min Loan Amount $50,000.00 Max Loan…[Read more]