Originally posted by Dazzling:

I will be interested in replies but I am guessing the finding who is hurting most will be very hard to find.

Personally know of a lot of property that seems unsellable at the moment, but why buy now, it may get even cheaper ???

Saw a vacant house on the weekend about $200K less than similar properties two years ago. You think ppl would snap it…[Read more]

Just as when the gurus said property doubles every seven years often enough and loud enough the masses beleived it was gosphel, if enough “experts ” predict the stagnation of Sydney and Melbourne it will happen. (economics aside ).

Also real supply and demand must eventually even out. Right now my clients are saying “decided ” not to sell the…[Read more]

Originally posted by enduser:
Rent returns of 6% net which applied ten years ago were achieved in in a much higher interest rate environment.

Now you can get about 5.5% at call, not 8%. So rents return about 3,5 to 4% net now.

Investors have to become used to the lower rates simply because nothing much is available that is significantly…[Read more]

I am probably regarded as a “negative” by many on this board, experience will do that to you, but I am finding many journalist and economists TOO negative.

They are talking of downturns similar to Japan and flat markets like Germany, but both of them had demographics that are quite different from us & the US.

I remember the commercial real…[Read more]

This subject made this weeks Time magazine, reading it was like dejavu. Like they cut and pasted an Aussie warning from 2003.

.

Originally posted by zen1:
. Used to be bearist but was too bearish for my own good. I think my experience in the early 90’s affected my judgment.

Was there with you buddy. 35, wife not working with two kids under 9 and paying 17.75%. Aaahh…
those were the days.

Having been there will always be conservative. Owning the family home almost…[Read more]

Originally posted by Dazzling:
the tiny portions of real estate that you actually own ??

Nice.

Originally posted by bruham:

(Why wouldn’t Steve tell all his loyal fans about his wonderful purchases. Could there be another seminar in the offering? Put your hands into your pockets to learn more wealth tips from USA Steve!!!

The newspaper cliping stated than the houses cost $us7,000 each. Rented at $100 per week.
Surely any brain dead person…[Read more]

Before any boom correction can be called we need a body.

When we have a major builder/Mezzanine finacier
preferably one called “Aussie family property reserve ..safe as houses Ltd.” bomb out we will be close otherwise we are just shuffling slowly down.

Everyone I talk to in Sydney is negative, although the papers seemed to indicate that ppl are…[Read more]

Nothing new but said clearer than most.

Checked into a locsal agent last weekend for the first time in two months and got a surprise, newish 4 BR house at a price others were asking for a 0/55 retirment villa 18 mths ago.

New house in Kellyvile for the price some were asking for land 18 mths ago.

Okay….who kidnapped foundation and hijacked his log in ????????????????????????????

Quote:
Originally posted by foundation:
because house prices double every 7-10 years, [cowboy2]

yeah this is my favourite piece of trueism from the last boom.

This ignores that the statistics its drawn from are from an era of high inflation.

I can…[Read more]

With our foreign debt mounting, will this not also place pressure on rates (ie attract funds from o/s)

Apparently our foreign debt GDP ratio is worse than when Paul made the BIG BANANA speach.

Also saw figures that our non business debt, rose close to 12% in a year when most property markets slowed or moved south.

Borrowing just to fuel…[Read more]

Originally posted by foundation:
The increase in median sales price is more likely a reflection of the type of properties changing hands… although if the REINSW use the same dubious recording methods as their Victorian cousins I would ignore their numbers altogether.
Bear in mind that such organisations are currently between a rock and a hard…[Read more]

Yesterday the Syd Fin Review, had on its front page, “Property Developers are dumping developments sites “.

Guess they don’t think the dead cat will bounce.

Sorry for that, don’t know what in hell happened there, Oh yeah, it 7.00 on a Fri night time to go home.

Want I meant to say was , Yep we will raise our rates or money will flow to more attrative investments.
So its rates up or dollar down.

Originally posted by AUSPROP:
Originally posted by foundation:
Originally posted by AUSPROP:
Boosting inefficient exporters by devaluing currency is not a step forward improving the economy….but the alternative is raising interest rates – significantly. Which option would you prefer?
Cheers, F.[cowboy2]

please expand… dmichie is saying the…[Read more]

Sorry Kay, somehow the quote survived but the message dropped off.

The agent was referring to Beecroft and Cheltenham as boutique. In my opinion it is totally out of wack with surrounding suburbs, they must know something we don’t.

Maybe it is the wonderful rumblings of the diesels heading north on a cold winters night.

Originally posted by kay henry:
gmh,

West Pennant Hills as a “boutique suburb”?? That must be a joke.

kay henry

Originally posted by depreciator:
I’m selling a car at the moment. It’s an unusual one – 1957 VW beetle with modifications.

. It amazes me that people will spend more time thinking about and looking at a $3,000 car than they will a property.
Anybody hazard a guess on why?

Guess he’s a hobbyist and people spend a LOT of time on their…[Read more]