ummester wrote:
Hey Harb,This is what I've been talking about with intrest rates…http://www.news.com.au/business/money/story/0,25479,24434215-5016110,00.html

So you don't mind believe them but only when it suits you ? How about this then, ANZ may pass on some rate cuts,http://www.news.com.au/business/story/0,27753,24435919-31037,00.htmlI…[Read more]

ummester wrote:
alani, how do the tenants afford the rental prices needed to cover the property loans of the rich when wages aren't increasing at the same rate?

Are you worried about the rich not being able to make the repayments now ? Ever heard of negative gearing ? That's where the taxpayer helps you make the repayments now and in 2020 when…[Read more]

ummester wrote:
Recessions hit 84-85 and 92-93. 2005 was the start of the forced boom on top of the boom. We are not in disagreement about the times. You are just comparing 2 down prices to 2 high prices. Compare either all boom times or all recession times.

Ok, pick the times then. Oh and the reason I didn't go before '85 – the house was…[Read more]

AnthonyJF wrote:
I have no hard data to support my claim, at this time, except for my own personal experience but it could probably be analysed using statistics data from the ABS or from the HIA to see if there is a directly proportional correlation between $$ per 1000 bricks and property annual % growth.A bit left field but something to think…[Read more]

duckster wrote:
Rule of 70 . Divide 70 by the growth p/a to find out when investment doubles. So 70 / 7% p/a = 10 years but remember the longer the time period the more the average growth will be 7% p/a

Good rule duckster, how does inflation and the rise in building costs fit in with this rule ?

ummester wrote:

harb wrote:

kenzel wrote:
Who here still holds this belief for the unforeseeable future? Just curious

There is a good reason for calling it unforeseeable. Was that every ten years ? Someone told me it was every seven years. Anyway since I can't predict the future I can only look at the past and my own experience. Lets…[Read more]

ummester wrote:
Fixed rates are going down but I thought only 2 of the big 4 had so far come good on the promise to lower variable rates? If they have all lowered variable then i stand corrected.

Even RHG lowered it, didn't do a song and dance about it like the big banks but they did lower it.

ummester wrote:
Do some reading about the depression.

I tried but had to give up after the first page, it was just too depressing.

Quote:
Mid 5's – you are funny:)

Mid 5s RBA rate not the variable rate but it could even get to that by X-mas 2009  if things are not picking up over the next 9 months. Someone else told me it was funny when…[Read more]

kenzel wrote:
Who here still holds this belief for the unforeseeable future? Just curious

There is a good reason for calling it unforeseeable. Was that every ten years ? Someone told me it was every seven years. Anyway since I can't predict the future I can only look at the past and my own experience. Lets see,1985 -$48K1995- $120K2005…[Read more]

ummester wrote:

devo76 wrote:
and you could boost her negative outlook.

She's not like that anymore, you obviously missed the first line in her post,

Quote:
Hello all this is not a "negative" post … thought I would get that out of the way b4 I started.

A couple more rate cuts before the end of the year and she'll come around.…[Read more]

Scamp wrote:
One trick you can use if you don't like the law or the council is you can drill a little hole in the tree ( 1 cm diameter is enough ) and poor some oil in that hole. Another way to kill a tree is to strip the bark all the way round ( doesn't need to be a lot, as long as it's a complete 'ring' ( 5 cm should be more than enough ). It…[Read more]

eve3day wrote:
Hi everyone, I'm going to buy a big vacant land with waterviews in Sydney. However, I found that there are trees and bushes in the land.  Can these trees be removed by myself without the council's consent? Thanks very much!

What trees ? Looks to me like very large Lantana bushes. I'd get  a mulcher and get rid of the weeds q…[Read more]

3-4 weeks its plenty time to do it yourself. I'd start with measuring the bathroom and dropping in Bunnings to see the stuff they sell there. If you have prepared everything ready to go in you can redo a bathroom in 2 days no worries, and thats with new tiles. If you had the time Ross's Auction in Maylands has some nice bathroom stuff going cheap…[Read more]

wealth4life.com wrote:
Keep an eye on the papers over the next few weeks to see what is happening in the local Australian finance markets including banks and sub lenders.

Why , you bought a crystal ball from BigW ? Me too.Mine shows 0.5% RBA cut next month and and banks rushing to be the first to pass it on to their customers. They may be…[Read more]

hbbehrendorff wrote:
Please tell me what Percentage % of the population could afford a property in this price range, Then we will apply that same percentage to the relevance this has to the property market, Im guessing less then 1% ? correct me if I am wrong

And what percentage of houses currently for sale are of this quality and in this…[Read more]

kenzel wrote:
Hi All, Just wondering whether there are any digital cameras that takes photos with a timestamp so I can get proof of the condition of the property prior to leasing it out and proof that it was taken prior to tennants moving in. Also how early should I take the photos? a day before tennants move in or 1 month possible? Thanks,…[Read more]

rudo1ph wrote:
He's gone very quiet!! Anyone know what happened to Scamp?

Still peddling the same old crap over at ghpc and dreaming of a crash of at least 50% by the time he gets here.

debaron wrote:
Hi guys!There is an upcoming debate at Property 2009: Crash, Boom or Stagnate?! on the 15th October 2008. Renowned economist, Professor Steve Keen will be the special guest in this debate (see http://www.debtdeflation.com/blogs/2008/09…on-october-15/).

Is that the same Steve Keen who is wants to sell his house NOW and move into cash ?

calvinci wrote:
hi, anyone know if solid timber floor board can be install direct to cement floor? one dealer told me need to layer with plywood underneath and cost $70 /m2 for installation alone.

Sure you can, just make sure the concrete floor has aged enough, at least 6 months and preferably 12 months so its cured. If you're not sure about…[Read more]

hbbehrendorff wrote:
But its a fact that paper money looses 5%+ value per year, that is why its called a fiat currency.

No mate, I don't go for foreign rubbish. I drive a holden and ain't nuthin' wrong with da battery.

Quote:
What would you rather put in a safe and not touch for 20 years ? $100 000 of paper, or $100 000 of gold ? After…[Read more]