Many years a go when I lived in the Wales UK, the government would adjust spending by simply putting up the percentage required to purchase vehicles, white goods etc. Example deposit required to purchase = 30%We didn't have the Bank of England quite in the same position of authority as the RBA. While the RBA is independent of the government it is…[Read more]

I'm of the same opinion as Steve. Of course the market could go backwards or crash. However the likelyhood of it happening is a difficult thing to determine. My own view is that there should be some consolidation in your portfolio. Unless you have access to sufficeint cash or cash flows, the chances are a correction could impact on you. Being…[Read more]

Just a little feedback. I'm 62. My wife is retired. Our income is 60k. Our income never exceeded 90k. We have 5 properties. Just 7 years ago we had 1 property and a 30k mortgage. Then I discovered that the banks would lend us money….until then my assumption was that because retirement age was 65 my loan repayment would be 25/7 x average mortgage…[Read more]