Thanks guys. This is a property that I have already sold under a wrap deal. I am assisting the wrappee to get bank finance if possible.

Here you go, I understand the postcode is 4169
http://www.sqmresearch.com.au/graphs/graph_vacancy.php?postcode=4169&t=1

Hi Nathan,

I saw the Today Tonight piece. Wasn’t quite what I was expecting tho. It seemed to be about some of the more standard deals you have done, rather than what I have known you for, i.e. buying heavily damaged property and doing it up or other creative deals, like very cheap land

Sorry I don’t have them unmester.

Here is a great article from Chris Martenson which clearly outlines the problems I have previously highlighted, on the amount of debt which needs to be financed internationally and the problems faced by China and Japan the key countries which have historically funded that debt.

It is a train wreck waiting to…[Read more]

How did you get on infallible?

I have clients that I have helped get into a property under a wrap agreement.

The husband is a discharged bankrupt (just finished his 3 years) but the wife has a clean financial record.

We did the wrap deal about 18 months ago and I am trying to assist them to move to a conventional lender. After paying out my…[Read more]

Here are some fascinating graphs…

First, US house prices, inflation adjusted, 1890 to present.

http://www.ritholtz.com/blog/wp-content/uploads/2011/04/2011-Case-SHiller-updated.png

Now Australian house prices, inflation adjusted, 1880 to…[Read more]

Night Alf, about to head to bed as well. Just watching more Peter Schiff utube vids, hilarious viewing.

It amuses me that this is exactly the sort of reaction Roubini got in 2006 from his peers when he made his predictions for USA.

Have a look at the rubbishing that another person that saw the US collapse coming, Peter Schiff received on national tv…. we all know who had the last laugh.
http://www.youtube.com/watch?v=V5sDKwMP6Pc&feature=related…[Read more]

Nouriel Roubini, an economics professor who is famous for predicting the GFC in USA in 2006 has just written an article outlining a coming crash following the huge bubble in China. Experts on bubbles don’t come with higher credentials than this guy.

Roubini calls time on China (part 2)

An excerpt
“China’s e…[Read more]

Melbourne house prices dropped 6% in the last quarter.
http://www.news.com.au/money/property/melbourne-home-property-prices-plunge/story-e6frfmd0-1226040207600

excerpt
After peaking at $601,000 late last year, the median price has fallen to $565,000 – down $36,000.
The 6 per cent slump is the biggest quarterly drop in more than two years and one…[Read more]

It is no coincidence that the two massive peaks in Australian private debt to GDP levels coincide with the depressions of the 1890s and 1930s.

http://cdn.debtdeflation.com/blogs/wp-content/uploads/2011/04/041011_2142_ThisTimeHad11.png

Note how much greater the bubble is this time than the 2 previous depressions. Australian house prices are…[Read more]

mattnz wrote:
Step 10. Australian government suddenly has a debt to GDP ratio over 60% and rising. State governments have huge deficits as they are no longer receiving their huge stamp duty money which was previously keeping them afloat.

Using analysis from RP data

Hooked on property

“During the 2009-10…[Read more]

Dan42 wrote:

kong71286 wrote:
Housing Denial in Australia Feeds Off Same Myths We Heard in the UShttp://globaleconomicanalysis.blogspot.com/2011/04/housing-denial-in-australia-feeds-off.html

Here are a few differences, off the top of my head.1) The Australian economy is relatively strong, we have low unemployment, and a budget that will be…[Read more]

mattnz wrote:

Step 2. Japan, China and other nations that have been funding debt not just for Australia but the rest of the world, wake up and realise that the debt funding to Western nations can’t continue. Treasury auctions will have no bidders and interest rates will skyrocket.

This is backed up by the following facts:
1. The US dollar has…[Read more]

Definitely possible to get a 20% return through investing in US property. Can’t do it in Australia though.

An alternative to direct property investing in US is tax liens, which can return 18%, but the timing of the cashflow can’t be controlled.

If you have skills with computers and are good with customers (a rare combination), earning much more should be entirely possible. Given your current position though, either do this as a side job for yourself as extra income, or look to be employed by someone else fulltime and take a better salary.

Definitely don’t do a $5k course. Spend time…[Read more]

http://www.gladstoneobserver.com.au/story/2011/04/06/gladstone-homes-hottest-country/

GLADSTONE has been nominated as the hottest property market in the country by real estate agents, property developers, investors and owners.

The National Australia Bank (NAB) survey asked respondents to nominate three ‘hot spots’ where they expect the fastest…[Read more]

Here is an excerpt of an article from Chris Martenson on the impact of the end of QE and the reversal of Japan's position as a net lender to the world to bringing that money back in. You can read the full version here http://www.chrismartenson.com/blog/global-tsunami-courtesy-fed/55822 A Disturbance in the Force The biggest risk here, aside from…[Read more]

SmartGenY wrote:
Matt,How are your views received at your workplace? If this does happen I hope Australia learns off Ireland and does not back the banks, but rather sets up its own bank or starts selling bonds to fund the drastic stimulus that will be required… Hopefully in infrastructure and not Harvey Norman.

I have shared my views with my…[Read more]

streamlineinvesting wrote:
>One question Matt, you said early in the post that we were up to Step 4 with banks starting to restrict lending requirements. If your plan does play out, do you have an idea of the time frame before prices to completely collapse? We saw in USA that prices went from highs to lows over a period of about 4 years (that…[Read more]