Can you say cheese ? Hint : Look at the red line, then think back when the depressions / recessions were.Then, think about what happens to houseprices in those depressions / recessions…It doesn't take a genius to figure out what is about to happen to the property markets.There are plenty of other charts ( sold houses = 0 , offered houses = 2400…[Read more]

How the people on this forum have changed. When I posted ( about 6 months ago ) that buying would be suicide , they all said "you can always buy, property always goes up". Now that it's too late they realize their mistake they made 6 months ago. Property will crash 50% within now and 3 years. By that definition, a bargain must be at least 50%…[Read more]

asking price 369 ? and you think 14k is lowball ? haha… you really are new to this game are you ?Offer 300k and you will get it for that price easily. There's panic on the real estate markets now, and everyone wants out. If you think you made a lowball offer you should see my lowball offers, and people better take me seriously otherwise I walk.…[Read more]

Build up a deposit, wouldn't be surprised if you need a 20% deposit on your mortgage soon. Credit is tightening, houseprices are tumbling ( already dropped 10% in perth and 30% in some area's in Sydney ) but that's just the start. In 6 months you will be able to buy a lot more for the same cash. That also gives you time to build up a little…[Read more]

If you earn 30K you can afford a home of MAXIMUM 110.000 AUD$.Please stay with 'momie' for a little longer, you really don't want to burn your little designer hands on this crisis. Bush in 2002 : "Poor people should be able to live in a house just the same as rich people"Bush in 2002 : "I have told Fannie and Freddy to lend more money to poor…[Read more]

One trick you can use if you don't like the law or the council is you can drill a little hole in the tree ( 1 cm diameter is enough ) and poor some oil in that hole. Another way to kill a tree is to strip the bark all the way round ( doesn't need to be a lot, as long as it's a complete 'ring' ( 5 cm should be more than enough ). It will die off…[Read more]

No.

Wealthyjvd : Positive gearing = more income in rents + tax benefits than you pay on mortgage and serviceabilityCash-Flow gearing = more income in rents than mortgage repayments and serviceability ( repairs etc etc )Negative gearing = less incomg in rents than mortgage repayments (ie : you need fraud to service the mortgage)Negative gearing is what…[Read more]

Wealthyjvd, You seem genuinly interested in property investment. My first tip for you : Do not invest in property now. It's crashing as we speak, and it's about to get a lot worse. Houses 'worth' 500.000 will sell for 200.000 in 2 years. Don't invest now, don't tie yourself down and don't make yourself a slave of a mortgage, don't ruin your life.…[Read more]

Quote:
And 12 months rent paid in advance to the value of $20,000

I must commend you on your very clever spruiking method. I haven't seen it done this subtle before. If you offer $30.000 rental incomes instead, then the calculators on this website will see their profits increase even more. People on this website love calculators. They use all…[Read more]

It's time for me to delete my account. I wish everyone on the forum good luck with whatever they want to do. All the info you need is there. I wish both the investors and the people who wait for better times ahead the very best of luck in their endeavors. I have a new project starting and I won't have time to spend on these forums anymore. I hope…[Read more]

harb wrote:

AimHigher wrote:
So I say to you all :Don't poke Scamp!

I know You don't really mean that. Besides, this thread is in the Help Needed !section and if Scamp doesn't need help then who does ? Wasn't there some ABC reporter on this forum looking for a story not that long ago ? How about a story about a young migrant arriving here…[Read more]

mackar wrote:
surely though there is an advantage for analysts to be able to pick the timing of the downturns as well as the upswings…or else if they can't they virtually become redundant as noone will have confidence in their opinion in any market… & well… with analysts.. thats all they have to sell really, …their reputation.a bit li…[Read more]

harb, fixed rates change ALL the time, up and down, EVERY WEEK. It's spruiking from the banks. I was talking about ( I thought everyone realized this ) variable rates. The fixed loans demand in the last few months halve HALVED.Ofcourse the banks are competing for the fixed loans now, they need to do silly things. 8.99% fixed loan interest…[Read more]

ummester wrote:

Scamp wrote:
The aged population is solved by immigration. Why do you think Australia is letting all these people in ?

Unless the recession is sever enough and the country can't afford immigration.I still don't understand why the banks would create so much debt with people who have an average of 15 years life left?Just say…[Read more]

harb wrote:
What do you care about unemployment ?If you can pay cash for your place then the dole money will cover daily expenses and you can spend your days at the beach. For extra cash you can always go fruit picking with the backpackers a couple of months a year .

I can't get dole until I spent 2 years in Australia at least

The aged population is solved by immigration. Why do you think Australia is letting all these people in ?

because in the end, I will pay for those people's mistakes when I live in Australia from next year on. Taxes will go up , pensions will go down, pension age will go up from 65 ( or whatever it is in Australia ) to 70, more crime, more homeless, more pressure on 'efficiency' ( Lean / Toyota-style Japanese-style company management ), burglar alarms…[Read more]

yarpos wrote:
I agree that the cost of the house isnt there,  the cost of buying or renting it is

Ok well we do agree then that the cost of housing isn't in the CPI. the cost of buying = nothing compared to equity / price inflation etc. I'm not sure rents are in the CPI either by the way. Interest repayments certainly aren't, I'm sure of…[Read more]

debt = future money.This is the first time in history that current generation is stealing money from the next generation. Can you live with that ?