fword1. We are all selfish.2. Greed was good and now it is not so good.3. Outright owners will care as prices fall, mortgage holders will care more and least to care will be the 32% of the total population that are renters.4. I can not think of why house prices rising faster than wage growth, could possibly be a good thing for society. Perhaps you…[Read more]

GermanyGDP – $3.316 trillion (2010) Taxes and Other revenues – 43% of GDP (2010) Market Value – $1.43 trillion Exports – $1.303 trillion (6 times greater than Australia) Net Foreign Investment – $1.427 trillion more external than internally held.20.6% over 65 and Median age 44Anti-speculation laws for residential property helped build this…[Read more]

fwordI stand corrected.Outright owners will care, just not as much as someone who is now, or approaching being underwater.I also take note, that you feel 50% of people may believe, that falling house prices will ultimately be a good thing.ummesterAll that is required is anti-speculation laws and taxes, like Germany. How much better off would be be…[Read more]

1. 32% of all homes, not 32% of the population.2. If I buy a car or a TV I expect it to be worth 30% less the moment I take possession3. Land valuations are currenly done by the Valuer General..4. Housing will decline to its intrinsic value, or 3.5 times a single wage, or when the mortgage (90% LVR) payment is 1.5 times the rental yield.6. Did you…[Read more]

Pauk wrote:

Quite wrong. The outright owners are the biggest group not to care at all if prices drop 40% over the next 7 years. They have their 'home' and it may be irrelevant if it is at either a top price or a bottom price. They just do not care.

Still disagree. For the vast majority of Australians, most of their wealth lies…[Read more]

fwordSince when was this ever a 'goal'? People set out to make life easier and better for themselves, NOT make life miserable for everybody else. Don't develop a complex here.Me in blackI do not accept that individualism is so alive. Making the cost of living cheaper for the following generations, is my goal.Depends on whether you currently own a…[Read more]

ummester wrote:

fWord wrote:
Since when was this ever a 'goal'? People set out to make life easier and better for themselves, NOT make life miserable for everybody else. Don't develop a complex here.

I'm gonna end up posting a John Lennon song:)

Agree. I think the preoccupation with property, is breaking in front of you now and 'equality'…[Read more]

fWordThanks, and noted.

forsaleforlease.com.au will get your private sale into all the major portals for $495 last time I looked.

So why use an agent? Everybody knows that realestate.com.au is the source for buyers.

So as Mr Meldrom would say, do yourself a favour and if you have to discount, take off the coms of what an agent would have got.

Peaking emigration, 32% of workers are part time or casual, thee US can;t get their act together, the EU is falling apart and China is about to pop its RE bubble…..

No all is fine…….not.

If we had a 3.5% to 4,5% tax of the sale of property like the Germans, who also have 25% capital gains….
62% of German rent and a very large number of them invest into the mutual funds that owns the housing. Speculation has been frowned upon from Hitler on…..

Here?
1. New credit laws to make it harder for anyone over 35 to get a loan…..did…[Read more]

In 2010….The brain drain……

88,200 Australian residents departed permanently, or approx 1,700 per week and of the total number, 53,000 were skilled and mostly between 25 and 35!
86,300 long term residents departed permanently
203,160 long term residents departed permanently
377,640 total permanent departures, or approx 31,470 per…[Read more]

Rent and rent your property out. This will add income to you and increase your eligibility for higher loans.
You will be able to move back in and still claim it as your PPOR for up to six years, to avoid the CGT.

If after completing the two units, the yields are low and you have based your assumptions on capital gains, then sorry, you made a bad…[Read more]

It is really the people leaving, emigrants that is the main problem.
Long term visitors are returning home, students are not getting permanent visas, NZ are no longer getting the dole and 42,000 Australian born residents left permanently last year and it is trending up….