If I EVER look like santa – shoot me, or patent me and make millions for the hairiest fattest lady!!!
Lisa[]

Hi there,

there is a brokers website: mortgagemakers.com.au.
they offer 100% finance through some of the major lenders – and can hunt around for you to save you the time. I haven’t used there services so cannot comment on quality or such.

Lyrical, saving vs paying the LMI will depend on how fast you can save, how quickly prices are rising, can your savings keep up with the price rises so that your 20% deposit is still 20% in 12 months or whenever you need it by?

I chose to use LMI for one of my recent purchases, property prices were rising dramatically. In retrospect, the prices rose by about 30K in the time it would have taken me to save 10K to make up my 20% deposit. Saving would not have helped me at all. I chose to look on the LMI as a cost of doing business, factored it in and have happily taken the capital gain less the 2000 approx LMI cost! Cheers Lisa R

Absolutely possible.

If interest rates continue to rise and your interest repayments go up, they will eat into your positive cash flow. Eat enough of it and it won’t be positive anymore. Your ‘profit in the hand’ will become an ‘out of pocket expense'[]

I am planning for the future. Build in a buffer. Decide where you think interest rates may end up – eg 8%, 10% whatever, and do your prepurchase sums using the higher figures you predict for the future. This will tell you where you may be at if rates do indeed go higher and higher.[]

>>The government does not control the media. I can assure you that in the Melb newsroom of 9, we do not give a stuff about government agendas.<<

Who are we kidding Richmond ? Or are you telling us that in the company you are employed by things work differently from the rest of the world ?

Yes, yes, yes, I agree one won’t find some government or big company controller giving specific orders to the media how to deal with a particular situation or controlling for that matter whether or not to run a particular story.

That isn’t how it is done. It is a bit more subtle than that. The editor has absolute editorial control (if that is what you want to believe).

However the editor is very much aware of what management’s outlook is on a particular subject and, unless he doesn’t value his job, one would expect him to fall into line with management’s
wishes as a matter of course.

It is also not so unbelievable that the editor was handpicked not just based on his skills but also because of his political and pragmatic outlook.

Nor is it hard to imagine that the headhoncho may receive a phonecall from a company suggesting not to run the story or else …………. (our advertising will be moved elsewhere).

Anyone who doubts the above still believes in fairy stories.

As an absurd example let us say that a media magnate’s son goes on a rampage or is a homosexual or is involved in whatever else may be newsworthy. Are you saying Richmond that your organisation under those circumstances wouldn’t kill any such story if it was the son of the proprietor of your company ?

Or, for that matter, do you think that as a matter of course a scandal about a company which is a large advertising client would get prominent exposure or do you think it would either be overlooked or be hidden in some obscure corner of the paper ?

I will give two specific examples of pragmatism taking precedence over desire to publish newsworthy items, one in an overseas country and one in Australia.

In a European country where I lived for many years the partner of the monarch was very busy having sexual relationships outside the marriage even being photographed in compromising situations in a nightclub.

There were plenty of stories with photo’s in the magazines of neighbouring countries. Yet I cannot recall one such newsworthy story appearing in that country’s media.

Some years ago there was a prime minister who was involved in a scandal and a friend of mine who wasn’t very happy about the government’s way of running the country phoned around Canberra speaking to journalists about that story. Amazingly the people he spoke to already knew about it.

How many stories do you think appeared in the press or on TV ?

Yes, you guessed right, none.

I think we better stick to real estate posts guys.
(though Richmond does deserves the right to reply of course [] )

Cheers,

Pisces133

aussie…….what priveldges do u want?? [][]

:þ