Originally posted by femaleage20:
so what now?

do all good things come to an end???

Yes the economy has done very well, but what has been the driver. Exports, hardly look at our balance of payments deficit. We (well, not you or me but apparently everyone else ) have been buying cars, luxury goods, doing a reno on our 10 yr old kitchen and…[Read more]

Originally posted by obiwan:

People cannot see how the market will move back to equilibrium. They are still focussed on missing out on profits at the turning point rather than preserving capital. It is inconceivable that prices correct in a big way, and yet in the back of their minds they know they cannot remain here. I think their will be some…[Read more]

What can I say but very good, six months ago on this forum you would have been buried by the avalanche of arguments backed by the rationale that you argue against.

It will be interesting to see the respnse.

Welcome to the board (or is it really Yack under a new name ).Just joking Yack.

I really like 3. as if the market stalls the collaspe of…[Read more]

Originally posted by marsden:
It would be interesting to hear the research that puts the next boom at 2010 or thereabouts! There are many factors to the contrary; baby boomers retiring, birth rate low, shifting world economy, migration factor and Australian’s very low retirement savings. The NSW govt has placed a land tax on property other than a…[Read more]

Originally posted by Monopoly:
I’d suggest you hold onto it for at least another 4 months to take you over the 12 month threshold, which will make you eligible for the 50% CGT discount. If you sell under 12 months, you will be liable for the full 100% CGT bill.

If you hold for another 4 mths a Cap Gain will be the least of your worries.

And…[Read more]

Originally posted by Lucifer_au:
MMmmm….

A bust in 2008… I don’t think so, mainly because of the baby boomers. Right then they will be earning quite a high income so why would they sell their properties?

Call a redundacy, doubt more than 50& of BBers will have the luxury to choose when they retire, the other form of redundancy is to little…[Read more]

Originally posted by AusProp:
and obviously as the population growth continues and inflation marches on and we experience growth it would be more surprising if gross debt actually reduced. They could have that article printed up and ready to run on a regular annual basis! actually is the billion they talk of 100 million or 1000 million? at 1000…[Read more]

Michael got to agree. Economists call it the wealth effect. When you feel wealthy because you have more RE equity or your share portfolio climbed (US in the 90’s ) you feel more wealthy and spend accordingly. Economy is fine.
Now when the equity shrinks ppl cut their spending and the economy slumps.

The US share market peaked at 11,700 back in…[Read more]

Originally posted by richmond:

Originally posted by stifla:
, . My question is should we hold off on buying an investment property and see how the market goes?

It depends what everyone else does. If they all hold off the market goes down, if they all come back the market goes on. It’s your money and your pick.

Wish I knew.

He has a lot of backers. The industry is is still hyping it won’t be till the negative media hits that a slide will take hold.

Then people will wait.

How steep is the slide will be effected by external factors.

But think about it. If a property in Long island NY has 3 bedrooms and 2 storeys and is worth the same as a smaller house in the outer…[Read more]

Originally posted by MichaelWhyte:
Hi all,

Just read this article in the SMH that I thought might interest…

http://www.smh.com.au/news/Property/Property-bubble-deflates-further/2004/12/01/1101577555296.html

Some key points from the article:

“Hopes that the housing downturn is a blip that will soon correct itself were dampened yesterday, as a…[Read more]

Still waiting ….actually it’s a positive cashflow question

Waiting ……

True, it does represent loans closed not contracts exchanged, but at least it is statistical, and gives an idea on volume of total loans for property purchased.

Last time I checked, agents in January were telling us that the market was good for another 10% per year for X years, 15% for 2004, was still a sellers market etc etc etc.

Whenever I want an unbiased objective opinion on the property market I always ask a real estate agent. Sorry forgot to mention honest.

ABC news 30/09 1.05pm “lending for August for property x%, the lowest since January 2003.”

Wonder what your real estate agents know that the reserve bank does not.

Something to do with $50 a barrell and the liklihood that the US recovery will now stall,
they are betting on the economy diving and inflation will fall.

How about $70 to change a light globe ???

Don’t buy the Unit try to buy the management rights.