crashy wrote:

herbpeterson wrote:
I doubt mining companies will close and walk away from massive resources (that they can't take with them)for very long. People don't seem to consider it is also an investment for the company, you can't easily liquidate the resources,and buy something down the road.

this is the biggest misconception about…[Read more]

diggerdigzit wrote:
One more thing Tony, maybe i should add, i am on the Gold Coast, where the population boom is keeping the market reasonably attractive, once again i am talking low end, and the rents are still climbing. My opinions are definately area specific. Having said that i can't for the life of me get over how a lot of people who are…[Read more]

One Plumber wrote:
North Gold Coast – Coomera / Upper Coomera and other Mermaid Beach mansions have all had 40% + reductions in the past year.One mansion priced at 5.5 mil wants to sell for 3milanother mansion priced 2.4 mill – sold for 1.6 mil.home 4 bed DLUG north GC priced $480 – sold 280k.Your property is only worth what you can get when…[Read more]

It is worrying though when you do have something in mind , a buyer can easily turn up as with the last one we'd found but things are looking allot slower now .I ' m also really surprised that with locals along the coast here the common expectancy  is  a 40 -50 % drop in prices which I thought was a bit keen. But a lot of them have lived through a…[Read more]

lifeX wrote:
Rule of thumb, Unless you are sworn at and chased off the property with a broom – you offered too much.

Mister –  Uh ha , I've finally found the perfect strategy . I new I hung around here for a reason .  LifeX , I hope you don't mind but I'm adopting this one as my rule of thumb from this day forth .Cheers

Boshy888 wrote:
I am buying a property (my next home) and am buying 'down' to reduce debt. R.E. has been talking about getting gazumped as we wait for what seems to be a ridiculously long time for our lender to allow us to exchange.Well… if we get gazumped (skunks), we will just rent and wait for the property prices to fall further and…[Read more]

craigsed wrote:
Interesting to see how people think they are making rational predictions of the future based on what they 'believe'. Just look at how many times the word has been used in this topic so far.Dictionary definition of belief: 1. The mental act, condition, or habit of placing trust or confidence in another: My belief in you is as…[Read more]

harb wrote:

Peak Oil wrote:
And all the rubbish that China would save our butt , what a joke with China being on one the longest and most massive rampages out doing the rest of us put together , of course it's gonna slow . I wouldn't be at all surprised if China slips in the deepest recession on record .

When you say recession do you mean a…[Read more]

harb wrote:

Mister wrote:
I believe our property market could well be in for a 10 yr recession because our boom and prices being so ridiculous , plus , umm burn out . If we're not burnt out after the last 5 years spending spree we'll never be .

Hi Harb. My thoughts aren't really from a knowledgeable angle just the common sense corner…[Read more]

I love real estate but none the less your top paragraph is so refreshing compared to the mindset status most of the country has just come from and the last 1/2 in particular of the Howard era .I mean preaching Australian and mateship , you've gotta be joking . Australia lost it's compassion , heart and was turning into a monster yet right through…[Read more]

We lived up in Townsville for a few years 10 yrs back.We loved the place and always thought it was untapped where as most people were running it down back then.Couldn't handle the damn heat though and really started missing our seasons .Did I regret not buying up there though obviously, when you see where things have headed in this last 5 yrs .…[Read more]

wealth4life.com wrote:
Bill Gates believes the world is in for a 10 year recession,There is lots of data being complied by lots of people what are your beliefs to what is happening and what advise would you be giving today …In all of this I believe that real estate is still a good investment but not in what we have been preaching over the last…[Read more]

Personally I think the average Joe feels that orrr, prices are flattening , nows a great time to get a bargain for 3 or 400 k so along with FHOG they think they're doing well . Unfortunately I still think those prices will prove ridiculous in the long run.I reckon what they aren't realizing is that if they could wait the real prices are a long…[Read more]

The simple facts are the same as 2 ,3 even 4 yrs ago , you wouldn't have to be scramp or a rocket scientist to understand that it couldn't go on , regardless of what ever was happening with the rest of the world . And all the rubbish that China would save our butt , what a joke with China being on one the longest and most massive rampages out…[Read more]

Thanks Terry.Yeah I thought there was some twelve mth thing.Certainly if I can do something secure with seller I could go ahead with renovating and upping it's valuation big time as it is an old house but in great spot and has major potential, but as is , old and devalued !I should be able to borrow enough against the two we own too supposing…[Read more]

Thanks for those .Would an option help your case at all in financing it later ?Anyway I guess the best first step would be sounding owner out first up . If he really wants something done with it hemay even come out with some strategies himself  . You have allot more to work with if the ball rolling comes from them first don't you .Cheers

duckster wrote:
There is an interesting case in January's API magazine. Where a guy bought and sold for small profit and kept no properties and ended up with no assets at the end of his working life.

This one's happened to me already and I've had to start again from total scratch where as I could have actually held onto and owned 4 properties…[Read more]

Hey Stage.Sounds like you have a nice setup going on then.Can I ask , how do you manage to gather tenants before you get the building or have something ready ?Doesn't it stress you out or they all start ringing you back ?Cheers

Had  any luck in finding a project then Tony  or ? I remember you were undecided on whether to move or wait .Cheers

Winzer wrote:
Thanks Scott and Mister. I made an offer which started low ball and we negotiated from there. Final offer was $20K under what was a good price for me and got my terms and early access after the contract goes unconditional. The next day they changed their minds and yesterday the deal was on again and off again. Contracts are now…[Read more]