Try here: Global House Prices > Australian Property Discussion Forum

Nope.

F. [cowboy2]

Have a look at Morwell. Have a look at Morwell. Have a look at Morwell.
There I've said it three times so you can't miss it.

Have a look what happened to prices in the Latrobe Valley during the 1990s, have a look what happened to prices in the Latrobe Valley during the 1990s, have a look what happened to prices in the Latrobe Valley during the 1990s.

There, I've said THAT three times so you can't miss it.

Not to mention the drug problems, crime problems, unemployment problems, social problems, hoon problems, poverty problems.

TODAY Toight viewers were misled by a program which promoted a property investment scheme as a way to become rich, the Federal Court has found.

Channel 7 broadcast a series on its prime-time current affairs program in Sydney, Brisbane, Melbourne and Perth in late 2003 and early 2004 which featured two women, Dymphna Boholt and Sandy Forster, involved in a property investment training program called the Wild Wealthy Women.

Federal Court Justice Annabelle Bennett found Seven breached the misleading representations section of the Trade Practices Act and was not protected by the so-called publisher's defence in relation to statements made in the broadcast.

Seven “embraced and advanced the proposition that Ms Boholt and Ms Forster were millionaires and had achieved that status through investing in property,” Justice Bennett found in her judgment.

The Australian Competition and Consumer Commission (ACCC) alleged Seven misled its viewers by claiming one of the principals of the mentoring program owned more than 60 properties and the other was a millionaire, when this was not the case.

Full Article: http://www.news.com.au/heraldsun/story/0,21985,22537821-5005961,00.html

Here are some useful charts for Australia-wide consideration. Apologies for the low resolutions.

By now you should be scratching your head and wondering… "why? how?" Here's how and why:

Cheers, F. [cowboy2]

I can see only one of two explanations for the above. Either you were lied to by every single appraiser or the value of your block is currently declining. This might have a bearing on whether you should sell or hold. Which do you believe it is?

F. [cowboy2]

Tops post. Sounds like you have enough material there for an entire book! (Seriously, there is no income more passive than that of a writer or singer…)

Sign me up.
13. Ridden a cherry picker into the 2nd storey roof. Not my fault – it went out of control – the left/right control stick was causing the bucket to move up/down as well as sideways and even putting the stick in the neutral position sent the bucket downwards!
14. Lost a ladder and been stuck on the roof for long enough to start to wonder what the odds are of taking a 14 foot drop without breaking something…

"Accepting that you're a danger is the first step to re-entering normal society…"
Was there ever any doubt?

F. [cowboy2]

Which saying? The saying that property stands alone in that advisors can issue ill-fitting, ill-considered, innaccurate, misleading, unqualified, disclosure-free ramping or self-serving advice without fear of recourse from regulators or customers?

There's the answer to your question right there. Yes, that saying is true.

They sell commercial paper in the US mostly.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHiJRAmdEfNs&refer=home

It doesn't look like this is going to be a viable option in the future.

You asked the question! And I agree, I am no legal wizard. But I've spent enough time with legal people to know that it's best only to pursue legal action when (a) you're pretty sure you'll win, and (b) the money gained will exceed your legal costs. Running to court every time something doesn't go your way is a pretty expensive way to vent your frustration! Seriously.

Cheers, F. [cowboy2]