Since you took your time to write such a nice post, I will reply inline.

harb wrote:
Make sure you move to Sydney then. They have some of the most relaxed people in the country because of the relaxation techniques training they do on a daily base, on the way to work and back . The current trends is toward 4 hrs/ day of relaxation and properties…[Read more]

just visit GPHC for a complete analysis and all the info you need. Will there be a boom ? Ofcourse there will be. When ? maybe in 10 years… maybe in 20 years…. who knows.Will there be a boom in the next 3 years ?hahahahaha(h)

Surprise surprise : Interest rates didn't move down.

harb wrote:

Scamp wrote:
The bottom could be anywhere between 3 years from now, or 20 years from now, depending on how much the government will mess with the whole thing. If the government does things like USA, then Australia is in for a 10 year long depression at least. At that point, the only thing that could potentially extinguish the fire…[Read more]

bah I can't edit my post. September 2008 ofcourse…

the bottom is hard to predict, but the start of it is quite easy. All the fundamentals have been laid around Australia. Now, all is needed is a lighter to light up the fuel.That is coming in September 2009. Yep.. only 1 month left Mind you, it might take a while to light this incredible pile of crap. It could take 6 months before it's completely…[Read more]

crashy wrote:
Will Australia in 100 yrs be like Saudi Arabia is now?

You mean, controlled by the USA ? In 100 years there won't be a USA anymore. But, there's clear signs that China will control Australia. They are spending all their USA worthless dollars on Australian assets now. I can see the Chinese reign over Australia's resources some…

The RBA looks at underlying inflation – which strips out volatile price movements – when it comes to making decisions on interest rates. Underlying inflation was in line with expectations, growing 4.4 per cent for the year ended June, up from 4.25 per cent for the March year. The last time inflation was this high was September 1991. The RBA has a…[Read more]

the joys of property ownership. What do you expect ? To get renters that take care of the house like you would ?Dreams… Anyway, soon the rental market will crash also, so your situation isn't the worst. The worst is when you can't find renters at all.

Thanks for explaining wireless. Yes that's the main reason : speculation. Anyway, just like with oil, there is NO SHORTAGE OF AUSTRALIAN HOUSES.In fact, there are 900.000 EMPTY HOUSES in australia. And.. how do you explain the massive amount of houses for sale ? If there was a real shortage, surely these would have been bought.The only 'shortage'…[Read more]

And what do you think will happen when the dollar sinks ?…

Paul22M wrote:
I reckon we bring Scamp over to Australia and make him head of the RBA, or even prime minister

Who would want to be prime minister in Australia ? It's like wanting to be the president of the USA.Anyway, first thing any REAL prime minister does is cut the tax benefits on property investment as a whole. I know, it's been tried…[Read more]

Stay at home , sit out the storm and get free food and laundry. Don't join the game now. In 2-3 years you can consider buying. Why do you think the market is collapsing ?… because no FHB can afford a home.Can you afford one ? No… Join the ranks, just sit ou the storm and if you get desperate about living away from your parents go on holiday in…[Read more]

longterminvestor wrote:
ScampLost a lot of credibility with your most recent statements.No one can make a reasonable assessment of whether RBA will decrease rates or not as they do tend to make mistakes and bow to political pressure.  US a third world country? –  US minimum wage is $6 per hour, they have a very low currency, they are r…[Read more]

howardcm wrote:
What would you do if you were in my position?I have a $50k deposit and earn $50k + Super a year and am 21 years oldI qualify for the Keystart homeloan where they put in 30% of total price of the home with no interest and you can buy the 30% back at your own leisure. I put in the 50K and borrow the rest. With the Keystart loan I…[Read more]

mpertile wrote:
And the price of oil (and petrol) is so high, why?  Because there's a shortage on the world market…

Wrong. There's plenty of oil. Speculation drove oil prices up , not 'shortage'. Basically, the exact same thing that happened to housing. Speculation drove those prices up also, not shortage. There's no shortage of housing in A…[Read more]

Just go to the council and explain your situation. You probably will have to pay only for 1 subdivision if you make sure that your dudes do all the work in 1 go, instead of doing it in 2-3 times. So make sure you have the whole situation sketched up , not just half the story that you have here. ( I presume 2 blocks of 400 and 1 block of 300 )…[Read more]

harb wrote:

Scamp wrote:
http://www.news.com.au/business/money/story/0,25479,24105428-5013951,00.htmlon news.com.au : THE weakest market in four years has seen house prices drop in most capitals with predictions next year could see 10 per cent falls.

You forgot this part "Weak market blamed on high interest rates"on news.com.au today :"For…[Read more]

puffl wrote:

Scamp wrote:
[Banks will keep raising interestrates because credit is expensive. What RBA does is futile.

That doesn't answer my question. Nor does pointing to yesterday's APM figures.What I'm asking is why you think the RBA should increase interest rates even though, as you say, there's a recession coming.In saying that you…[Read more]

asdf : Like I explained already : Rents are heading down, not up. Houses can't sell….. sellers think.. oh my god I can't sell.. might as well rent it out while I try and sell… more rentals up at discounted prices… oh.. wait… rent is heading south. Quite easily predictable. You can ignore it, but that won't make it disappear.