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 both brick and online (Domestic) sales increase if international sales are still on the rise then falling dollar and low interest will do nothing to stimulate the economy.

3) I Sold my share portfolio about three weeks ago before the dollar started crashing (thank god for that) and you can already see that both bonds and equity markets are starting to decrease in value…

What will happen in property? I think low rates are great for investors but my question is if it becomes more affordable to buy your own home will current tennents opt for buying a home not stop renting?

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 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 inflated.

I hate to say this but you are in a bit of a pickle, here are my reasons:

• Demand for new homes in new estates (victoria west) has slowed down allot.
• Many banks have restricted financing in these areas due to a high number of people going bankrupt
• Plus people are aware that their is so much land available

A good friend of mine has been trying to sell his block for a year and has dropped the price even by 30K and still has had no luck, THe main reason based on his area is that builders are selling blocks of land and houses as cheap pacakges with low or no desposits.

If you tell me what area Il send you  a private message with a stardgey

Hi all,

Westpac are advertising 4,75 watch rates go lower 

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 interesting area: Nigel mentions that there is plenty of land, and his not wrong, You have so much land in areas like Melton, Bacchus marsh, Hopeton Park and many other areas.

3) Allot of homes on the market and there are quiet a bit for lease in the area and why? Unemployment is increasing in that region at quiet a quick pace, Manufacturing and agriculture have slowed down and there have been allot of lay offs in the area.

4) Interest rates have come down again and I will believe rates will come down even further…

My advice is be patient and just do allot of research!!!

Jamie you are right

there are tons comming in and tons going under 

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

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

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 intentions of moving out so i bought a PPOR and another IP at the same time

I think you have two good choices here:

1) Why not look at getting two properties? 1 IP and 1 PPOR speak to a broker QLD007 or Jamie will help you on this site.

2) It looks like you want to move out? So maybe focus on a PPOR first….

Cheers