I totally agree with you and I think selling was a good idea. Working for yourself is hard and those that say you get to pick your own hours don’t know what they’re talking about.

Why is your ip paid off and not your ppor?

I second Jamie as well. He’s a gun and you’ll need the right people around you if you plan to purchase multiple properties in a short period of time.

Not really a true indication. Don’t forget insurance, rates, land tax, and the list goes on……

Hi Hari17, I can recommend you Jamie from Pass go Loans. Currently using he's services and cannot fault him at all, and very prompt. He's based in Sydney and i am in Melbourne and i find it easy to email him documents required rather then having a broker come to my place.

I agree with catalyst. The current bench looks ok so wait a bit and then replace the entire kitchen.  The last 2 kitchens i have replaced for clients were nearly brand new. Stone bench tops and 2pac doors, wouldn't have been more than 6 years old. Some people just have too much money.

Hey Freckle answer this for me.

If the collapse should occur who would be worse off between you and I?

Let’s say I have a handful of IP’s all within 20km to the CBD and approx $1m in debt.

Let’s say you own no property, currently rent, and live week to week comfortably.

I would assume you would say that you would be in a better position to handle the collapse.

But at the end of the day what have I got to lose? It’s so easy to declare bankruptcy in this country it’s not even funny. If I can’t pay my mortgages or values dramatically drop down it’s not my problem – it becomes the banks problem. And once I go bankrupt I will be able to claim benefits that you claim instead of working 7 days a week. It’s out of my control so why sit tight and be cautious and wait for something to happen?

If a collapse should happen it would be a blessing for me.

It’s fraud as you need to declare that income. If you do declare income than they will know you have been renting out the property. It’s all good till you have a falling out with your mate and dobs you in. I’ve seen it happen.

I've never been one to understand the share market. Most people that i know that have invested in shares have always lost big time.

But you are right, for those that know what they are doing it probably is the right time to make some serious dollars

When and if the world packs in, what’s more likely to suffer the most, shares or property?

I was about to post the same comment. Should have not settled until all defects fixed.