Can I ask you when those books were written…because if not written since October 2008 you are using boom logic in a bust..

gmh454 wrote:
Now who do you NOT beleive.

and how could I ever forget Gerry Harvey, the man who tells us that a Boom is just around the corner, …sure Gerry, sure……

Playa it is those at the margin who move trends.Remember China, it had 1.2 kabillion people all who needed a car, that would create a demand for iron ore and coal that would drive Oz for the next 100 plus years of unending boom. The US market was only a small part of their economy, if the US hiccups China will be fine and so will we.That is not an…[Read more]

Playa Chicken wrote:
I'm of the "buy now" camp if it is already positively geared, it's only going to get better as rents rise.Vicky

Saw your reply as this has been queried before but you forgot to add to your listmore people out of workpeople in work, working less hours earning lessmore people unloading deflating assets, you need to look at…[Read more]

jparry1 wrote:
Basically, as far as what and when things are going to happen nobody has a clue. Everyone is just guessing, even the so called "experts".  I can search the net and read at last 10 different conflicting predictions from an expert on a daily basis.  Anyone who watches and believes any thing the media are predicting is just as s…[Read more]

My favourite two sayings is "this is much worse than we thought" said by the same people who bought you that old classic of  "nobody saw this coming"….what they should really say is "don't listen to me I havn't got a clue".."why Aust Fin review" ANZ, Channel 7 etc continue to pay me when I am so hopelessly lost is beyond…[Read more]

kind of been covered above but Sydneys three speed market has been kind of reversed.From 2004 to 2008 the top end was still alive and well. Middle market was moving sideways with a little growth, and bottom slipped some areas a lot. Now it is the bottom kicking along, the middle shuffling, and the top is quite unhealthy.During this whole period…[Read more]

Bought strata commercial in Parra back in 1993. Back then there were new council plans showing the new growth. About the only thing here that grows, is the Council plans, always something new. Those new Family  Law Courts will transform Parra they were announced what 3 years ago, no must be 5…Parra always planning never building.In 15 years…[Read more]

SHales wrote:
  Rabbits, huh?  For eating?  Like a business? 

Unfortunately our rabbits don't need help with breeding, but they do look so fit and healthy we are all very proud, except our 14 yr old Jack Russel, which will eventually die of a heart attack chasing them. ……..and they are so thoughtful they give him a fair chance, don't eve…[Read more]

harb wrote:
  They've made the mistake of waiting for a correction and refused to admit they could be wrong,  its called being in denial and I'm guilty of it sometimes.   

Harb the lights have just turned amber and that nice elderly couple who smiled so sweetly at my little dog, are quietly waiting for the green, and don't see the guy com…[Read more]

SHales wrote:
wealth4life,With your obvious knowledge of the Sydney market, can I ask your opinion on my parents PPOR?They bought 5 acres at Galston in a bush block.  Any insight you can give would be useful.CheersS

Live in the area and we breed rabbits, lots of and lots of Peters with bright blue coats and shiny brass buttons. (you would…[Read more]

jparry1 wrote:
Some good advice:"It is always a good time to invest in property"  If you are waiting for the right time to invest, that time will never come.  It is like waiting for the new and latest computer to come out before buying, you will never own one because there is always a better one coming.  Right now is the best time to invest an…[Read more]

In NSW there are 1800 properties with a asking rental of $1,000+ per week are vacant hmmmmmmfirst home buyers bailing out investors exiting the market, and a record number of houses unsold from 2008 rolling into the current year..going to be an interesting year..

SHales wrote:

wealth4life.com wrote:
So, Grinch, despite my enjoying your analysis of the situation and my preparedness to believe this could be a nasty downturn, I have to pull you up.  Your favourite picture of yesterday could have had our best friends on it.  And our joy at our good position, and our impatience about when to invest again, a…[Read more]

I think you have to think big picture, not just IR.Things for 2009Unemployment up -whether it is 7.5 -8.5 or 4.5 to 5.5 it is still the upward movement not the actual % that is key. It is the changes that occur to that 1-3% that will loose jobs. Some will get employed quickly. For most that will be rare. In 1983 I beat the traps for 2 mths and…[Read more]

Harb, unemployment would have been higher than it is now, actual figures, could not say.Wealth I can see several scenarios, but they are not as optomistic as yours..though overall I agree..thanks for the news of the Gold Coast, the thing is not only has that sale carved $40M off that building but has also taken $x off every building withing…[Read more]

WJH yep, I think those books were for the up part of the cycle, don't think books on the down part of the cycle would have sold that well..

Right now I am hearing the proprty market is holding up as people are holding back from sale as they are hoping for a rebound.I have enjoyed the REI "news" feeds to the media in December showing that the market was BACKKKKKKKKKKKKKKKKKK.Gotta laugh.Between 01/01/09 and 31/03/09 around 1% minimun of the workforce will lose their jobs, and that will…[Read more]

I am a professional accountant with around 400 clients. I have had the luxury over the last 25 years, to see many many people make good decisions and bad.the saddest ones I have seen in recent years were the retirees who with the buzz of greed in the air took the plunge and moved from conservative to high risk at the wrong time.the worst was a…[Read more]

What makes you think property, anywhere in the world right now is near the bottom…