APerry wrote:

[why do you think rents are rising in most markets?

I think part of the factor is the new wave investor is passing on interest rate rises. In the past most property investors were not so highly leveraged and wanted 52 weeks of rental income with minimal letting costs. Rents often only rose when the place went vacant.

These…[Read more]

APerry wrote:

There will be relatively few forced sales in established suburbs.RegardsAlistair

Sydney
Kellyville drops from 850 to 550 wipes out builders as completed houses are now cheaper than house & land

Adjoining suburbs Castle Hill and Cherrybrook drop from 850 to 720

Pennant Hills drops down and so it rolls.

Why buy a townhouse in…[Read more]

phana007 wrote:

No ones walking through the door at the moment" MYAGENT realty said.Do you believe some realestates are artificially inflating the prices?

You always need at least one over priced house on your books.

It scares people when thay look in the window, and then you sell the cheaper stuff off it…

straight selling tool

TheBish wrote:
Bottom line is I think we may look back on this year and say – "I wish we'd bought more property back then"Cheers

Sort of agree, but from history I think we will look back and say wish I had bought property in 2010 – why buy when going down, always try to buy when it picks up, between now and then cash will be king.

As an…[Read more]

Scamp wrote:

>Your market is just like any other market,

should possibly have gone without government help ( tax incentives etc ),

it a fear/greed market.

Well done.

Should leave this alone but I can’t.

Yep this was a govt lead boom.

After the building boom of late 90s when everyone tried to build before GST, we had the post GST building…[Read more]

Helestelle wrote:

I like the fact that its a one stop shop –

and that they research the market and build in areas that will see capital growth

the question is – its your money, and you are relying on info provided by someone with a vested interest in you parting with it.

for this and anything else in life where the person you are relying…[Read more]

Scamp, there are specific dynamics here, but I worry when people here say “our market is different”.

Without getting into the debate, we are totally out of whack with a “proper economic market”. Maybe we will stay that way, and we will write our own chapter in economic and social theory, or maybe we will shift back to the norm.

Scamp welcome, and personally not going to argue with your advice, you may very well have saved someones future,

quite a few have been quietly prognosticating about the inevitable cycle for sometime, and we may now may up a sizeable chunck of the board,

unlike the bank Johnies taking a big breath and starting to get excited again, because the US…[Read more]

Great timing, as credit card rates are climbing and may climb even more.

well done.

James62 wrote:

/>I am still amazed by stories of investors who manage to grow a portfolio of more than a few quality inv properties using negative gearing methods due to inevitable cash flow shortfalls.James  

James don’t feel too bad, this a forum board, like most others and the inevitable pissing contest develops between the “boys” (and g…[Read more]

Seriously guys – have you guys ever met or are you just the one guy under different names ?

More prior posts would add creditablity,

Steve should charge for advertising

simple wrote:
. Economy cycle up and down every 7-10 years.

Cycle crunches from memory 73, 83, 91, 2008 +
shortest was around 8 years longest is 17 and climbing cause we have not seen bottom yet.

Know the 7-10 years has become “fact” but would not bet on it.

We have very lazy media in Australia who run press releases from the REI and developer lobbies as news, without any analysis.Very scepitical of positive news in RE.In US Merryl Linch sacked 4,000, Citi Group 6,000, mortgage stress in OZuilding, UK govt bailing out banks. yep Sydney will turn any day, BUY NOW !!!!!!On a sidenote just did a cap gain…[Read more]

Not here yet but getting closer.

Yesterday afternoon over three hours I personally saw

– girl in lift (whiile leaving for a meeting) just made redundant, employee of largish loan provider 250sq metrs, 5 car spaces, – they can’t sourse funds

– at meeting client mentioned a large consolidator (a centra wanna be) in unrealted industry had made…[Read more]

I agree with Blogs, and when someone writes this up after the final washup, we will see a convergence of factors never seen before.Not just the halving of rates and the speculation referred to but the deregulating of the market meant any homelss drunk could get not only 100%+ finance but a cheque for many thousands on top, a whole industry of…[Read more]

Hmmmm wasn’t the market around 2200 before Oct 87.

How does a trend line from 87 pre crash until today compare

A couple of years ago when the issue of the economics of this boom were discussed on this board a member stated that a slump/correction would not happen until we had a trigger, and went through the last couple of slumps as examples.We now may see the trigger in the distance. The current maket has been driven by unprecedented demand. For the first…[Read more]

If house prices slump, we will move to recession as cash dries up so will spending (we have had acredit driven economy) so not sure about rents rising during a recession.

Especially at the bottom end

Wealth, Foundation..I'm back, .. how are you. Have been browsing, but nothing really to contribute.A couple of points now.  -Many members discuss in their posts and lay out there own scenario, and feel that no matter what, for various reasons they will be okay. Back in the last crunch, many people lost houses but to many, many, more the news on T…[Read more]

Foundation… the ABC mid day current affairs just did a piece on the impact of the problems in the US mortage market, and coined the phrase mortgage lead discussion.

Does not sound good, guessing it may be a sign of things to come.

If only they had our optomism and just kept spending….