No real problem DLPP

all you’ve done is strip away the galv protection….
but it will take a few years before the rust comes thru…

is it close to the beach???
oh dear
that might only be months….

Kriscot

I think i’ve found your answer

its been there all the time…….

we’ve just been looking in the wrong place…….

NOW, who’s the “Greatest Treasurer this Country has EVER HAD”

right

The Hon Peter Costello …..member for Higgins….you lucky people….

and there it is …..in the ….

wait for it….

THE BUDGET 2005

the bible of the country………

it tells us where we’re going according to god (johnnie) and peter on his right side…..

now according to the scriptures…this is what’s going to happen…….

“In Australia, consumption is expected to moderate over 2005-06 and 2006-07, from the very strong growth of recent years. While the increase in petrol prices during 2005 will have contributed to the slowing in consumption, the moderation predominantly reflects the plateau in house prices. Dwelling investment has also moderated, although the current dwelling cycle is likely to be very muted compared with past cycles. In contrast, business investment remains strong and is expected to continue to grow strongly over the forecast period. Strong demand for commodities and high rates of capacity utilisation should support business investment.”

now if thats a lot of jargon for you…..
in simple terms

property’s stuffed……i think he said muted….spoken like a true liberal
business up………go go go shares…ya hooooo

thanks peter
kiss to johnnie….he’s doing a great job….don’t worry about the wheat….yeh…they’ll forget by election time….

sorry…..

now the budget might not be everybodies idea of good bedtime reading….but i’ll tell ya what……..
it tells ya where the country’s going……
“keep going WA”

any room on that boat…….ah come on…..i voted labor………

Hi DD
i totally agree with your analysis…property is a great investment tool.
i know, i have used it very successfully.
but in hindsight, i could have done a lot better.
owning our own business and managing our own SMSF, we invested heavily into property post 92 (last recession).
we have just sold 1 property in the portfilio of properties, a penthouse in noosa heads.
even thou the CG was great, had we invested that money instead into Comm.Bank shares, today the return would be 1million ABOVE the return we got on the penthouse.
remember we dealing with SMSF…no borrowings
So the same problem arises today as 13 years later…
where to invest Shares or property?
except this time there’s in excess of 1 mil cash to play with….

So going back to the question….
Where is the cycle going?

i take on board everyone’s opinions
my gut feel is sideways……….for quite a while…..
there’s nothing in the economics of the country to say we booming..(unless your in mining, thanks WA)…retail sales stagnant…debt excessive…new IR laws to restrain wages……

but hey what would i know…

Now terry

we’ll all being positive here

lets not talk about that nasty word “serviceablity”

good call michael

stick with property…….
just reading the latest “hottest suburbs for 2006” in the sun over the weekend, there’s been some amazing growths….just in the last 12 months….
for example Glen Iris up 9.1%…in 12 months….72.9% in 5 years…wow

so what does that equate to in money terms.
Median house in Glen Iris 2000 410K…today 709k
lets put 10% down….. rent out $600/wk…NOT 1 cent spent on maintenance…. lets sell 5 yrs later……bring up excel spreedsheet…clunk..clunk..clunk..
profit $294K…..wow

but had the money been invested in BHP….Profit $745K….now thats a double wow wow

do you bernald might be a closet “share” trader??

Now thats a good suburb, but what if it was West Melb 5% growth in 5 years…381K to 400K..and rent of 300/wk
total profit – MINUS 46K..thats right minus….ouch…..

boring old coles shares……… profit $80K

diverification……….cause there’s just to many experts with mixed ideas

well done redwing
at this rate, by xmas you should have 12mil?

and DLPP….how do you work out that its time to buy in NSW?
after all, wasn’t it the PM who has decided “who will come into this country and get a pay rise?”
No pay rise
No afford house

unless your a CEO ($65,000/wk) or a property investor (like redwing), the rest of us are only making (according to research) 50k a year

where’s the money?
do you something we don’t?????

come on …..share it with the rest of us….there’s a money tree..isn’t there?

hi wylie
you know how i said CBA where 43.98….
well today there 44.47…
thats an extra $20,253….in 1 day

whatever you do don’t tell my wife…..
afterall it was her super money i invested
if she finds out she could have retired on 1.5m i’m in the doghouse….

hi crownofgold
it might pay to read “The Residential tenancies Act” of your local state.
you will probably find a clause similar to :
Damage and repairs
123A Meaning of emergency repairs
Emergency repairs are works needed to repair any of the
following—
(a) a burst water service;
(b) a blocked or broken lavatory system;
(c) a serious roof leak;
(d) a gas leak;
(e) a dangerous electrical fault;
(f) flooding or serious flood damage;
(g) serious storm, fire or impact damage;
(h) a failure or breakdown of the gas, electricity or water
supply to premises;
(i) a failure or breakdown of an essential service or
appliance on premises for hot water, cooking or heating;
(j) a fault or damage that makes premises unsafe or
insecure;
(k) a fault or damage likely to injure a person, damage
property or unduly inconvenience a resident of
premises;

i think(i) will answer you question………

the reason we as a community (government) introduce laws is because someone hasn’t done the right thing….
do we want the “act” to keep growing to protect people, or should we take responsiblity ourselves?

there you go rewing

all to do with timing

why buy when its negative?

looks like everyone’s migrated over to somersoft
same regulars over there
like the pictures as well