ummester wrote:
It's OK to think wrong of those that make money in non productive or speculative means. It is wrong to think wrong of those that make money out of useful invention or productivity.And there is nothing wrong with that.

Suppose that you took a loan and bought a house then 20 years later you decide to sell it. Is it wrong to sell…[Read more]

ummester wrote:
$150k for 1/8 of an acre 60km from the city is not budget.I know someone who just got a place in Mt Lawley for 500k on a 700m2 block and they still paid too much.

$150K not budget ? You have to remember that you don't pay $150K just for a piece of dirt of 1/8 of an acre size. You also payed for the  water pipes,  electricity , p…[Read more]

ummester wrote:

harb wrote:
How will the bottom fall out of a $400K market if you need $500K to replace it and because of increased population numbers there is an increase in demand ? 

Some ideas follow. Some could be prolonged but some are impossible to avoid in the short term. I will note those with an *1 – FHOG boost gets taken a…[Read more]

gmh454 wrote:
Guess they did sell for 500k sometime ago.

So anyone buying then and sitting on them even vacant would be laughing all the way to the bank even if they sell "at a loss" for $2M. Still, I can see how giving an example of someone who is forced to sell at a big loss would make a much better story even if this is an exception to the…[Read more]

gmh454 wrote:
(how is Perth's top end Harb holding up ????   Cough, cough….)

Wouldn't know about the top end, in my area things are a bit slow and some sellers have taken their properties of the market. I suppose that if you don't need to sell may as well wait until the inflation threat is over. A couple of owners decided to move on in the p…[Read more]

ummester wrote:

wealth4life.com wrote:
Hello 888,read read read and get educated … the market at the bottom hasn't bottomed but the market at the top and middle is coming down further.

Which means, quite literally, all that remains is for the bottom to fall out of the market.

And for that to happen all you need is a plague to wipe up half…[Read more]

ummester wrote:

harb wrote:
So how many below $350K in Homebush Bay ? For the price of one unit there I could get almost 2 in Bankstown (or a house on 600sqm block) which is about the same distance from CBD.  The shortage is of well priced apartments and of land. If price is no object man can always build upwards, the sky is the limit, but…[Read more]

So how many below $350K in Homebush Bay ? For the price of one unit there I could get almost 2 in Bankstown (or a house on 600sqm block) which is about the same distance from CBD.  The shortage is of well priced apartments and of land. If price is no object man can always build upwards, the sky is the limit, but God doesn't make more land. 

Scamp wrote:
Hi Harb, I just posted what I thought about the OP's dilemma. If he is going to buy anywhere, in *my personal opinion* he's best off in Sydney.

I don't disagree with your opinion that Sydney is the best place to buy IPs at the moment, just the reasons for it. 

Scamp wrote:
So yes, if you have to buy somewhere, Sydney might actually be the safest bet. But keep in mind that houseprices will still fall a lot, so offer at least 20% less than asking price.

That offer of 20% less only works for the upper end of the market.  At the low end of the market where most of the FHBs are you put in an offer at…[Read more]

foundation wrote:
You clearly haven't been keeping your eye on the inflation figures that are coming through.

How are them inflation figures coming along, still keeping your eye on them ?

crashy wrote:
ooh yes how selfish I am, wanting future generations to not live on a planet deprived of hundreds of species, filled with polution, suffering from a climate thats unbearable. My bad.

I thought that you may enjoy reading this article, http://www.news.com.au/adelaidenow/story/0,22606,25070960-5018727,00.html

Quote:…[Read more]

crashy wrote:
all you NWO believers should ask yourselves:1. how does my belief help me to live a longer, happier life?2. how does my belief help me to make money?3. do all my rantings about NWO enrich or detract from others lives?

While we waiting for a reply from the NWO believers I'm putting the same questions to the GW worriers, Does…[Read more]

young investor01 wrote:
i must visit bunning again soon and accidentally trip with my hands outstretched key in hand.

A bit tricky to do that in our Bunnings, they have the display on the shelves at eye level. If you go down there on a Saturday afternoon or Sunday the kids working there will either ignore you or  give you a hand to do your…[Read more]

young investor01 wrote:
i was in bunnings this afternoon checking out a laminate floor 7mm thick german egineered 20 years warranty and described as heavy duty residential for $14.95 per sqm- is that reasonable? And the only flooring allowed in the unit apart from carpet is floating floor boards. So basically my dad and I will do it to save abit…[Read more]

young investor01 wrote:
. Is it more inexpensive and durable in the long run. Finally does anyone know any good suppliers in Sydney both purchase cost and installation costs included. Basically my dad is quite handy and i heard laminate floors are easy DIY -will we save more money initially but should we hire a professional so things go…[Read more]

ummester wrote:
properties in this countries  – I never knew you had a literacy problem Harb.You must be bored like me today and come to argue the point we have been for the past year or so.

Yes to both.  

Quote:
40% falls in some US states is also history.

Thanks, I'll remember that next time I'm thinking of buying property in US.  If yo…[Read more]

ummester wrote:
I feel sorry for you in this situation but property in this country has been and is still incredibly overvalued.

If this is how you really feel about property in this country then I feel sorry for you because you will forever be renting while waiting for prices to fall to what you perceive as good.  The only problem with that…[Read more]

frosty1 wrote:
Is now the time to buy??Interest rates are low,Rents are up,Rental vacancy rates are low,Property prices have flattened or levelled.It seems a good time to buy if you are in a position to.

Depends of where are you buying, the price range  you are looking to buy, are buying to rent it out or live in it yourself, is your job…[Read more]

ummester wrote:
I am and have always been with Harb and Devo here (unlike property).

Not to worry, you'll come around with that too sooner or later.