Originally posted by foundation:

Quote:
[

uh, let’s see, 1 house equals…. Oh, 1 house! Same as 300 years ago!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Damm you Foundation if I cannot sell my 3 bed fibro in Wentworthville for 2M in 11 years it will be YOUR fault.

Missed you[biggrin]

Originally posted by tony wpb:
.

All of these ‘property guru’ investment tips on how to make millions from cashflow positive properties, is a simple ploy to encourage investors into an area , as they are selling the properties and cashing in on the capital growth.

Cruel, brutually, cruel ……..but true.

Derek read your piece and understand your points but, still disagree. Until now public sentiment has been positive and interest rates are at all time (last 30 yr lows) yet the market, by your own account sliped 12%.

Public sentiment last week had the largest drop in 15 yrs. Hmmmm…. Paul help me here what happened in 1991???

The pain in Syndey…[Read more]

Okay here, this is a hard one.

If you look at Sydney housing affordabilty it is correcting daily. For the first time in 7 years good old market forces will straighten it out. No GST to create super demand for materials pre 01/07/00 and no first home owners grant to placate winging builders afterwards. Good old market forces will fix it.

Now is…[Read more]

Quote:
Originally posted by Persian Kitten:
ghm 454 in what ways is perth different? Or is that a really dumb question? [blink]

[/quote)

Only because persian kittens give me a warm fuzzy image I will avoid the humourous reply that is normally forthcoming.

In the early 1980s the explosion of RE in the Gold Coast was different
In the dot com…[Read more]

Originally posted by queengucci:
From what ive been reading Sydney in some aspects has ALREADY crashed.

Am I right in saying that prices have been falling for the past 7 years?

And investors paid DOUBLE for a property that they can now only sell for half the price?

I think you might be wrong on all accounts.

Think the breaking of glass can…[Read more]

Originally posted by mathewc73:
I cant believe anyone would buy a house in St Claire for 450k!

I can’t believe that you guys don’t see the bargain here.

Bought for $450K2003, it will be around $900K in 2010,(doubles every 7 years) so if you bought it for $260K in 2006 it will go up $160K each year a return of 61%…[Read more]

I think you may be a little premature. We in Sydney are still slumping, and it looks like we have a little way to go. As Perth is still growing our Nat’l figures are skewed, and technically we are stagnant.

At the moment I will sit and wait, my next investment gets cheaper every day.

As Sydney lead on the way up, maybe it will lead on the way…[Read more]

Public sentiment hit a 5 year low but of more interest was that it is the biggest shift in this indicator in 15 years.

Hmmmm what happened 15 yrs ago…Paul can you remember ???

Rich people are ones who have more than I. (those greedy bastards)

I will never be rich, no matter what I have,…..but I am “comfortably well off ” ….

Originally posted by grossrealisation:

4.So in other words I have hit the wall. Do I just let the banks take the properties off me and go into bankruptcy
never think this the wall is some thing to get over, you just need the help to do it, the banks don’t just take property they want to help you out just as much as you, they want there money…[Read more]

Thanks for the reply Damon appreciate your time.

Interesting times ahead, more so I think with the economy rather than property.

Damon okay, if the rise does not lead to

increased unemployment
decreased consumption

then you may be right

As to ….”investors have to pass on the increased cost” I thought supply and demand would make such a possiblity irrelevant.
What has a landlords problems got to do with renter A and B outbidding each other for house C.

Damon have you…[Read more]

Wealth just put another reply in your other biggie on Rent.

I think the “if interest rates rise: rents go up” is based on “less rental property available,” but ignores what happens post slump.

Think it’s part of the mantra.

You know the one
1. Property doubles every seven years
2. When rates go up you have lots of opportunities
3. Rents rise…[Read more]

Originally posted by kinkso0o0o:

Ok, so what if the interest rates rise and the property market softens or bursts.

2. Rents rise

Damon

Damon I will ask you WHY.

Have asked that on this site before, without answer.

Why will rents rise in a slump, …

Building industry slides…
people stop spending…negative wealth effect
higher…[Read more]

Gross I hear that mantra here all the time.

Two years ago it was the “property doubles every 7 years”

Now its ” if rates rise it gives the investor lots of opportunities”

Any chance some of our gurus have come up with either of these.

I’m an investor and I am looking. Have my areas penciled in and doing research. BUT in the Sydney market I…[Read more]

Oh yeah real estate dropped 20% or close too. in Sydney

had a house quoted by three agents at 250k -270k no sell a year later when we put it on the market at 210k. Sold it for 215 another year later.

Client bought at Mosman for 650k in 1989 paid around 20% interest and sold for 560K two years later.

Lots of examples, beleive it …. property…[Read more]

Originally posted by paulmeese:

at the bottom Sydney

They beleive we can expect another property surge in late 2007/2008 and then we should not expect to see another growth phase for a substantial period.
As we well know the media is very good at being pesimistic with the market which means more options for the savy…[Read more]

Originally posted by roodog:

On the ABC last night they said Perth has officially gone past Melbourne and is now the second most expensive place to buy RE…

Wow heard that yesterday on ABC radio…

I thought it was just my meds kicking in early

Originally posted by Derek:

An article I read today mentioned that the rental returns in Perth are now the lowest of all Australian cities.

“Lets do the time warp again …….its just a jump to the ….”

Damm, Derek that is what happened in Sydney in 2003. We had clients coming in talking capital growth about litle units in Leichhardt and…[Read more]