If you want to make huge profits and secure your future,  Dump all your paper (Cash,  Bonds,  Shares)  As the world will soon realise paper is worthless and exchange it for Precious metals,  Either gold or silver,  These resources are so precious and finite,  If Gold was shared to everyone in the world everyone would only have 1 ounce each,  This shows you in how short supply it is.

You can print all the monopoly money in the world but it will still be worth nothing soon,  Every paper currency in the histroy of the world has had its value eventually go to 0,  Because people eventually realise its a fraud.  It looks as if the dollar will collapse sooner rather then later,  You don't want to retire next year with only enough paper to buy a few loafs of bread.

Gold and Silver has a huge catching up to do to account for all the compounding inflation there has been in the last few dacades

I have been warning of what is happening today on this forum months ago and everyone laughed and mocked my statements,  Now the combined stocks of the world are loosing 3-5% a week,  This is 1929 stuff yet people still are not waking up.

Educate yourself as fast as you can and protect yourself from the comming ecconomic collapse.

Remember,  Knowing the truth is power,  Living in a bubble of doubt and unknowing will result in fear and panic once the S%^ hits the fan

And this is exactly the kind of thing I have been talking about and warning people of,   This so called "Investment" (Money that is invested with an expectation of profit) is draining your capital and its obviously taking a strain,  wait untill you have to start repairing and replacing things in your rental house.

If this was not a big drain on your budget and you where confident you could continue paying it off untill the lifetime of the loan I would say keep it,  But from the sound of things this is not the case.  You don't want to struggle paying this liability off for another 2 years and then have the house repossessed by the bank and loose everything you have put into it.  Remember if things go according to my predictions then you won't have bundles of equity to renegotiate or consolidate,  Take this into consideration.

There will be people who will flame me and try and suggest you should continue to tread water because property doubles every 7 years and we live in a magical land of endless booms where the cost of infinite price increases of property is something that is sustainable untill the end of time.

Don't listen to utter illogic,  The only reason property should increase in price is to adjust for the lost purchasing power of our currency through inflation tax,  Houses where ment to be lived in,  not to make people rich.

You should learn a costly lesson from this experience,  The only way to become rich is through the accumulation of wealth,  there is no other quick fix solution,  It's something that comes slowly.

Good luck in the future and I hope you make the right decision.

Precious metals have been used as money since the start of time,   they held value thousands of years ago and a few kg's of gold has the same value of a house,  I would be interested if you know of any better ways of guaranteed safeguarding of purchasing power in a smaller package,  please tell us!

Gold and Siliver has stood the test of time,  Tell me one fiat currency which has done the same ?

According to my knowledge every single paper money in the history of the world has eventually lost ALL its value and become nothing more then what it really is,  Paper.

Though im sure im wrong again,  i will await your response as to which PAPER currency's have lasted throughout the ages.

I don't want to sound hypocritical to my previous posts but Silver bullion bars might be a better alternative to safehousing your purchasing power then gold

1: Silver is worth less then gold and is thus more practical as a form of money

2: Silver is used in many industrial processes,  which makes it a manufacturing commodity

3: To my knowledge,  If you purchase gold in Australia you have to register your gold with the government,  So they always know you  have it

4: In the 1920's the government banned ownership of gold and bought it back at an undervalued price,  $22 ounce if I remember correctly,  If economically things get really bad and we see bank runs ect,  its very likley the government will force you to give up your gold to "Save" the country.  Does anyone still remember when the government disarmed the people only a few years back with the new gun control act?

5: Silver is currently severely undervalued at the moment,  When the stock market is booming it pushes commodity and precious metals down,  subsequently when the stocks fail and people realise the stocks worth is as valuable as the paper there written on,  commoditys and metals will no longer be suppressed,  $30+ an ounce for silver won't be surprising in 2009

But I don't want you to just take my word for it,  Do your own private research,  These matters are not as confusing as investment "experts" would try to make you believe.

If for some reason guarding your own purchasing power in a safe seems more riskier then holding all your faith in a bank that might go into liquidation,  You could look into opening a swiss bank account,  From my knowledge they have the best chances of security within the banking system.

Just for people who don't know currently in Australia if a bank goes bust there is no government guarantee to any of your money,  You can read on http://www.news.com.au how Kevin Rudd is talking about a bill to guarantee $20 000 if a bank fails here,   Does he know something we dont know yet ?

Also for people who disbelieve there could be any bank troubles in Australia,  Queenslands bank suncorp is in a serious position at the moment with profit margins,  They are being forced to sell up assests and slash 1500 jobs,  It looks as if they will be bought out by NAB.

http://www.news.com.au/story/0,,24443265-421,00.html

Of corse you can still make sizable profits the further up in the food chain you go,  But your talking about multi million dollar outlays,  Millions of western people starved,  and the majority of people lived in great poverty during the great depression,  But that didn't stop the rothchilds and other elite familys multiplying there fortunes time and time again did it ?

Just because houses have sold for 50+ million and others develope 10 houses at once dosent mean that for the majority,  that things are prosperous

You might be making hundreds of thousands on your house developement but what about the people working on those job sites for $700 a week struggling to pay rent and fuel,  are they just as well off,  or do they have the same opportunitys as you ?

I think you will find that these people would default on there first house let alone buying 15

There used to be a time when anyone with a job could buy themselves a house and create there own australian dream,  now that dream is only reserved for doctors, lawyers and people working in the mines

Note: No, Im not a communist,  So don't even think about calling me one,  Nor am I any other kind of socalist so please refrain from false comments

Builders,  Plumbers and Electricians are licenced trades,  Anyone doing jobs within these areas needs to be a licenced tradesman,  Anything else can be done by anyone

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

Wow,  Could a mod or Steve tell my why my posts are being censored and why my IP was blocked ? I have not broken any of the forum rules or conditions.

I made another account and made 3 posts before it was deleted and the account blocked,  Now access to my original account has been reinstated ???  Yet I have recieved no warning or notification for doing anything wrong ?

Obviously for some reason or another my posts from this account (you can check my post history) is causing some kind distress to the people whom are in control of this supposed forum,  Which is cause for concern,  as my posts only relate to factual information about our banking systems and theses about the future of the Australian housing market and the ecconomy in general

But why would information and conversing about these subjects be of any concern to propertyinvestment.com management ? after all this is a investment forum right ? or perhaps censoring the truth is bad business for propertyinvestment.com ? Lets face it,  Steve has set this site up to make money,  so if posts where made to contradict his personal opinion that could have a possible bad effect on his web generated profits ?  But obviously I could'nt assure that as no one has spoken to me or informed me that oposing the views of steve will get your IP address blocked

But what other possible reason could there be ?  I was thinking and well.. We all know that the internet in Australia is government censored and soon there will be Internet2 which will bann all but a few thosand government approved sites,  All other sites will not be avaliable to the Australian public,  so maybe its possible that someone with a special agenda who has seen my posts has ordered him to stop my access to this site ?  But why ?  who could possibly be out there that would care whether I post information such as the RBA is a privately owned bank or that the housing bubble was artifically created and that soon it will all come to a big end,  Especially if everything I say is false ?

Really I couldnt tell you why Propertyinvesting.com has gone to the effort to stop me getting the facts out to all the people who participate on this site for Investing or Ecconomic knowledge,  Untill such time that they tell me what I have done wrong I will have to sit and wonder…

Oh and just for you special people reading this,  Continuing to stop me from exposing the truth will only result in more negative publicity against the affiliates of this site and there franchises,  Especially if my ISP is involved to try and Censor me

Anyone who tells you positive news about the housing market is deceiving you,  the Average house will not be $600,000+ in 5 or even 10 years time.

Wages increase over the past 10 years have been 1.5% pa, The current average australian wage is 55k taking compounding into account in ten years the average wage will be $63,829.75

The average australian on the average wage will not be buying 600 000+ houses,  don't believe the bs

Steven Keen is 100% right,  The whole western ecconomy is built apon so much debt its almost impossible to comprehend,  Fractional reserve banking is a cancer that has brought us to the brink of a total western collapse,  The western world dosent even produce enough food to feed ourselfs and we don't produce anything,  We are consuming based ecconomys,  and rely of the East to survive.

Central banks are all privately owned by elitists who have no one to answer too,  Our own government has no power over RBA,  They can do what they like and its there social intervention of artificial interest rates which has caused our housing bubble that is so big,  It alone could totally collapse our whole ecconomy. Not only that credit card debt is australia is now over 50 billion,  double that of only a few years prior,  So to round things up People have 300k+ mortgages car loans, boat loans, bike loans, credit card debt, my god, people even own money for there TV and Washing machine,  Basically we have nothing,  Our wealth is all an imagination and we don't produce anything,  If our food exports stoped tomorrow we would stave.

While all this false wealth is being circulated banks are creating more false money out of thin air and lending out 10x there deposits which are sold as securitys,  which is used as assests to borrow out even more false money,  even thinking about it makes me sick,  yet everyone on this forum believes we are so wealthy

In America companys that have been around for 150+ years are going broke,  companys which lasted through the great depression,  yet people still swear there is noooo ecconomic trouble,  everything is fine,  stop thinking and keep consuming.

So you want to know what to invest into right now ?  absolutely not shares,  you will loose your money,  Also not cash as if hyper inflation sets in it will be worthless.

Metals are good assets as they can't disappear (unless the government steals it off you, which has happened before) land that is on a natural creek or some kind of unsalty water souce will always be valuable,  also fertile land will be highly valuable

Last thing,  don't believe the misinformed people who will tell you nothing is going to happen,  Go research it deeply for yourself and form your own opinion,  Learn how our monentary system works and learn the things the government does not want you to know,  things that are not shown on the mainstream news.