WA is already in a recession, I working for a shipping company and we move allot of freight for three large mining companies and I can  tell you allot of these companies are shedding jobs and export volumes have slowed down.

Australia is going to be in a bad shape for quiet some time

Good topic Richard,

I think any further rate reductions will be on hold until the following data is reported:
1) With the falling Dollar will manufacturing and exports increase? Its to early to tell – My guess this data will be reported in another 3 months
2) Retail and spending data: With the dollar decreasing – Government bodies will hope that…[Read more]

Hi,
I could be wrong but from memory the contract will be based on when the contract was actually signed not settled….

Hmm I love these surveys…
Unemployment is rising  and things are going to get allot worse 
I think prices will remain steady for quiet ssome time.
Australia exonomy is shifting into another phase.

To much debt is going to hurt aallot of people…

Hi Mikel,

JacM  has really provided you with some good advice. Depending on what area you are in, it could be true that the rental market is struggling in some areas and booming in others. You will start seeing real estate agencies increase their PM fees for two reasons over the next couple of months:
1) Cost of running real estate business has…[Read more]

Hi babybee,

My gut feeling suggest's that this land might be in a area like: if the area is not on the list please let me know what area this in.

Cranbourne

Tarneit

Wyndhamvale

jacksonsville

During the boom times / first homes buyers grant era i was selling these types blocks of land like hot cakes, Prices for these have always been over…[Read more]

Me mate from NAB has said watch their rates come down too lol
lets see

Hi all,
Westpac are advertising 4,75 watch rates go lower 

RPI has hit it on the spot,
Home renovation shows are a huge problem, Now every one wants to become a renovator….

My theory has always been this (mind you i renovated three properties) I made my money from buying the property at a below market price and I am not talking 10K or 15K I used to aim at 60K.

Renovating only gave me a better chance…[Read more]

Hi Joyfull,

Are you in a rush in buying a property within the Melbourne Market?
Here are some reasons why I am asking you this.
1) The market in Melbourne is FLAT and prices will continue to fall or at least remain the same – Some areas in Melbourne are performing well but not at the price bracket you are looking at too.
2) Ballart is a…[Read more]

Hey guys
It’s all about timing I guess!!!

When I first started buying property the negative loss where outweighed by the capital gain, In a bull market I did well from this strategy… and sold for a handsome profit…
I currently have two properties and one is where I live in all of their and the other is positive geared.

Any assets I buy needs to…[Read more]

Jamie you are right
there are tons comming in and tons going under 

Hi,

Good idea and why not!!!
The only thing you need to consider is this:
1) When you sell the house you will have to pay agents fees "etc"
2) What if you don't get the price you want? Do you have a back up plan?
3) When you buy a new home you will have cost such as stamp duty "etc"
4)Pay of the PPOR – I will never pay my home loan in full, I…[Read more]

Cool, well in an ex agent if you need any info let us know 

Maybe contact each state representative, such as in Victoria REIv 
ita going to be very challenging to get accurate data
what do u want this info for if u don't mind me asking?

You might want to look at each state rather the. Austrlia 

HI,

Auctions are a very strategic event, Sure the weekend or weekend inspections may be quiet but what about private appointments? If you don’t live to far from the home you want to purchase it may be worth it every night after 6 to go past the house and just have a quick look. When I buy properties I usually go to a couple of private inspections…[Read more]

Hi Andy,
 
Welcome and hope we can all help!!
Very good question you have and also I was in a very similar position to you.
I am 28 years old but at 21 I bought a my first property, I was living at home (No Rent), No girlfriend at the time and i was working two jobs, So my first choice was buying an IP.
My 2nd house was different, I had the…[Read more]

Any time Richard more then welcome lol 
Just dont bring the rain with you…,

I work for a large shipping line and volumes have decreased, in fact four other shipping lines are co loading with us just to keep a float.
These 4 shipping lines are considered the big Mammas of China and they are quiet, So we share our vessels which isnt a bad thing for us

But sure tradies and other business are busy,  This is true, but the…[Read more]