Cant you guys help yourselves and not get personal? Yeah sure some of the posts are repetitive but you are able to click on ones which are not repetitive or just exit when you realise it is old news. I for one do not mind helping newer members with old questions over and over again if it means that they are improving their knowledge and avoiding…[Read more]

I agree with many of the comments below and also agree with the vigorous extent to which they have been stated. I feel that too many of the people in this forum are still talking up the property market and some talking up the share market too. The bottom line in every investment is that they all have a downside risk. Saying that share are more…[Read more]

Frank
SE QLD has increased in value by 50-100% over the last 2 years but in the 20 years preceding that most postcodes realised a very low increase (between 0% and 2%). One example I heard yesterday was that a friend bought a waterfront home on the canals at Raby Bay for $900K 18 months ago and it has just gone on the market now for $3m. Now call…[Read more]

budakajana
Few of the companies you mention below have moved their head offices to QLD. They have introduced some jobs to the state but not a vast number (nothing close to a number that may affect the property market in any way).

I also think that you overrate the quality of our education here in QLD. If QLD institutions are cheaper (which they…[Read more]

Arty
Well if the stimulus for the bursting of this bubble is a slowing of economic activity fuelled by a downturn in global economic activity or an increase in interest rates (later more likely) then this will probably have a flow-on effect to things like general domestic business activity and expansion as well as employment levels which could…[Read more]

Arty
Well if the stimulus for the bursting of this bubble is a slowing of economic activity fuelled by a downturn in global economic activity or an increase in interest rates (later more likely) then this will probably have a flow-on effect to things like general domestic business activity and expansion as well as employment levels which could…[Read more]

Chee
I agree with what you are saying but there is only one problem. Because of the property bubble there are no “affordable new quality properties in good locations” left. The trick is not to overpay and at the moment every property on the market will cause the buyer to overpay. Sure some will still grow from this high base, but they are still…[Read more]

Well said Andy.
Whether it be Henry Kaye, Robert Allen, Jenman, Steve, any other of the many property evangelists, they all have used pieces of other people strategies. We can learn something from all of them and each other. Just share your views so we can learn the good and the bad from each.

It seems that if anyone (Jenman) makes an accusation against you on ACA or Today Tonight then the public automatically presume guilt rather than innocence. Nobody can argue that HK has made many of his clients wealthy and even millionaires but there will be some people who will not succeed through his methods. These people are the ones that are…[Read more]

It seems that a few rough examples are in order!

If one purchased a well located -ve IP for $500K
and expect it to grow by 10% pa ($50K) but it cost you $12K pa to hold then you would still be up by about $38K pa.

If instead you purchase 5 +ve IP’s for $100K each and make $50/w on each or $13K pa in total you need a 5% pa return on the +ve…[Read more]

Hi All
I think that many people are being fooled into believing that +ve geared IP’s are not risky. I think that both +ve and -ve geared IP are risky and that the level of risk although similar in some respects can be quite different. -ve IP is very much more likely to always have tenants through highs and lows in the cycle but +ve IP are much…[Read more]

“Credit and other paper ‘promises to pay’ now exceed levels of real income (GDP) by ten times”
This seems to be a sign that the debt bubble is about to burst.

The biggest problem I have with debt as it is now is that the debt that a person is up for must be backed by something of real value. To say that properties (which have risen by over 150…[Read more]

Steve
I am not a GC expert but have been researching that market for a while with a view to entering it. It appears that there are very few IP’s to be had in the GC proper (not hinterland) that do not require a massive neg. gear and hence subsidisation each month. Price growth has been excellent in the past but this is true for almost every…[Read more]

Hi All
I would agree that becoming a MB for the purposes of only saving the comm. on one property is not a worthwhile proposition. But becoming your own MB if you were in the process of acquiring many properties and/or refinancing some existing properties would make a lot of sense. If you only acted as MB for your own properties you would not need…[Read more]

Yip we all agree that China is a potentially huge market, but Aussie businesses have in the past and will probably into the future find it difficult and in some cases impossible to land business in China. Westerners have much to learn about eastern ways and about how to get into that market. Many big players like Telstra have tried and failed…[Read more]

mcdeyess has summed it up very well-Interest Rates hold the key. If one looks at the banks and the fact that one can still obtain a fixed rate of 6.5% for 5 years on a mortgage, that gives us an idea that the banks dont really foresee any major movement in interest rates for some time. I would suspect that the US economy will take another 2 years…[Read more]

Mel
Some fair points and yes I know you are not that bad. You did however previously mention a range of between 6 and 8% up front and half of that each year. So based on 8% this would be $1600 up front and $800 each year. Using the above figures $1600 + $800 X 30 = $25600. This excludes the cumulative interest paid on this extra little bit each…[Read more]

ShaneB
If you are a MB then of course you would have to disagree. Furthermore, the system was setup to make money for MB companies and brokers not purely to assist customers find the best deal. I dont have any problem with a MB or Insurance Broker for that matter earning a one off commission for introducing me to a lender or insurer. I do however…[Read more]

Furthermore, if you have interest only loans, they effectively never terminate and one is thus paying 4% every year on the full loan amount for the rest of time to a broker for the mere pleasure of introducing your business to a lender. Sorry Mel-not having a go at you or brokers but just have a bit of a problem with a system which rewards people…[Read more]

Thanks Mel
So in essence because of the trailing comm. every year, the broker comm. is costing the mortgagee somewhere in the order of $20000 (for loan of $200K) over the life of the loan excluding the cummulative interest effect of this money being paid along the way? And if a client goes directly to the bank the bank are earning an extra $20000…[Read more]