Hi Kenzal. I don't know your personal circumstances. However, I like to offer the following advice to FHBs: Are you stretching to buy the most expensive property you can relative to your income. Why? Do you realise that over the long term it will almost certainly be more financially rewarding to buy a slightly cheaper place and pay it off…[Read more]

rob2626 wrote:
If Labour get in, which i think is most likely to happen unfortunately, the property market will slow dramatically.

Why? The PM (John Howard) says that house prices will jump 3% if Labor (note:no u) are elected.

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 get you started). It…[Read more]

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 assessment of all available…[Read more]

James007 wrote:
If your are not leveriging the banks money you will take much longer to build up a substancial portfolio if property goes up say on average 10% PA then 10% of $500,000 is $50,000 as aposed to 10% of $6,000,000 $600,000 no guessing on which option makes you richer.

Psst! Have you back-tested your theory with historical data?

L.A Aussie wrote:
There are two schools of thought on that:1. sell the property and take the cash profit and use this as deposits on more properties, thus minimising the debt.

This is also the only true way to 'lock in the value' or 'withdraw equity' without exposing oneself to the possibility of unattainable valuations which can become very…[Read more]

RobL wrote:
Ah yes … but vis-a-vis purchasing power .. watch the State and National WCI

Absolutely! When wage rises become entrenched and wage costs push up goods prices, that's when we'll all understand inflation just a little bit better!.. Assuming the economy doesn't first fall over under the sheer weight of debt it's carrying……

Depends on your definition of inflation Xenia. The Austrian school of economic thought would tell you that inflation is expansion of the money supply (which devalues the unit of currency). Broad money is growing in excess of 14% per year…If you prefer to measure inflation by looking at prices, the CPI is just one way of doing so. You could look…[Read more]

Nigel Kibel wrote:
The bestopportunities for positive cashfloe remain in the United States. The market is flat there. You can buy properties in main cities that will cashflow.

You prepared to clarify two points?1) "The market is flat there." Have the NAR (National Association of Realtors) recently predicted that the housing market as a whole…[Read more]

Aurelius wrote:

crashy wrote:
mahahaha "more or less finished" I remember people saying that in 2001. What downturns are you referring to? I wouldnt worry about trying to predict future opportunities until you have a handle on current ones

However, the link below your post point to a page that states"PROPERTY? BAH!The property run is over.…[Read more]

So what do you reckon Marc, was that time an aberration before a return to the normal situation we’re in today? Or is today the aberration, and will the 11 second rule work again at some point in the future? Or (third and final option), have we reached another “permanently high plateau” such as the one celebrated by Irving Fisher in the early…[Read more]

turtie22 wrote:
The 11 second rule is kinda outdated and is no longer applicable in today's property market.

So that would make it a "guideline" rather than a "rule"? I'm curious, does anybody have a credible explanation of why the 11 second rule used to work but now doesn't?

crashy wrote:
if you believe these clowns, the property market is doomed.I pity the poor fools who have listed to this nonsense over the last few years and missed out on one hell of a ride. Listenening to these clowns is hazardous to your financial health.

Oi! It's generally a good idea to remain polite and keep one's hubris in check. Google…[Read more]

Just a very basic question first, if the caveat existed before you bought the property, were you aware of it? Did your solicitor inform you of it and its implication?Cheers, F. [cowboy2]

Quote:
very eager to get started as Robert Kiyosaki has inspired me to do so.

m.pulley wrote:
Ask your financial advisor if he/she has made as much money as Rob Kiyosaki. Then decide who's advice you would tend to follow in this area.

Just checking, we are talking about the same guy right? The one who wrote:

Quote:
Lately, I have been asked…[Read more]

Any building envelope should be listed on the title (if it's not, it probably doesn't exist), and shown on the plan. I'd ask the estate agent to provide a copy of the plan first (can't see why they wouldn't have copies from the subdivision at least, otherwise go for a copy of the title and certified plan. In my council there is some scope for…[Read more]

Quote:
At home I have 42" pioneer plasma TV.

Well… if we're going to get into a p_ssing contest…. ;-P Mine's a 61cm 4:3 Lucky Goldstar cathode ray tube with a curved glass front! Yuh, okay. You win. I guess I spend too much time reading (learning) and outdoors to make the 'investment' in a bigger tele worthwhile. I might change my mind…[Read more]

Moosehead wrote:
On the idea of 'the bank owns your house' …Yes legally they do,

Referring to my post of April 2006? That was written a while back, I've since changed my stance on ownership, having read opposing legal opinions. It's hardly a relevant distinction to most owners, but worth noting that ownership apparently does indeed stay with…[Read more]

Moosehead wrote:
Every post I see from you just makes me more hungry to know, what strategy do you advocate to acheive financial freedom, and how is it going?

I don't advocate anything for others, save for something along the lines of “choose your own path, tread carefully, make sure you know where you’re going and question the motives and adv…[Read more]

Thanks for the detailed reply, very informative.

crashy wrote:
Hi F my experience is not extensive. I only do renos on my PPOR so tax is not an issue. I do however watch every stinkin real estate show on the lifestyle channel which helps a lot.

I have to reluctantly (embarassment factor) agree with you there. Watching how the professionals…[Read more]