Yeah cheers guys interesting posts. My mortgage is 282 k. There isn't a real lot of competition in the market. It will be interesting to see what Swanny comes up with lol. Not saying it will be anything great but intrigued to see. If our loans were more readily portable from one provider to another, I reckon that alone would help competition. Or…[Read more]

Marty I actually tried ING and i don't have enough equity in the unit yet unfortunately. But I will look into those others. I'm based in Canberra.GOM I'm paying 7.31 per cent which is actually less than the official CBA rate. But my concern is that within 12 months, CBA have risen their rates over and above the RBA rate. CBA seem to be the most…[Read more]

My biggest mistake was a I bought a property. My other big mistake was I got a uni degree. My other big mistake is I got a job.  Nothing has paid off and I now look back to the days when I was unemployed and living with the folks, apparently I was going nowhere but at least I was happy.  

At least in America I think the complete opposit is what is most often going on, namely the recovery of the market is contrived when in reality it isn't.  So people spend more, spend more of what? Their savings or credit? Comes to a point eventually when these people can no longer service their debts and the poo poo hits the fans.

Well in that case, it makes your comments that much more palatable as you are practising what you preach so to speak.  I appologise as well for getting a little too excited with my views.

Well in that case, it makes your comments that much more palatable as you are practising what you preach so to speak.  I appologise as well for getting a little too excited with my views.

Choices? Come on, its not all about one’s choices but one’s opportunities and environment in which choices can be made.   Have a look at the following article regarding energy costs, noting the word ‘forced’ in the first paragraph. There is very limited choice in the energy market.   http://www.dailytelegraph.com.au/money/money-matters/big-end-of-t…[Read more]

Choices? Come on, its not all about one’s choices but one’s opportunities and environment in which choices can be made.   Have a look at the following article regarding energy costs, noting the word ‘forced’ in the first paragraph. There is very limited choice in the energy market.   http://www.dailytelegraph.com.au/money/money-matters/big-end-of-t…[Read more]

I sincerely hope all property investors out there pass the costs on to renters. If interest rate rises are meant to curb spending, then placing that burden upon mortgage holders alone is bloody incompetent imo. How about raising the GST? Would be political suicide for sure, but would probably be much more effective spending deterrent. I know at…[Read more]

I sincerely hope all property investors out there pass the costs on to renters. If interest rate rises are meant to curb spending, then placing that burden upon mortgage holders alone is bloody incompetent imo. How about raising the GST? Would be political suicide for sure, but would probably be much more effective spending deterrent. I know at…[Read more]

Ryan Are you using the wrap technique? That's pretty amazing how you do it on low income and no down payment, I can't think of how else it is possible. Cheers

That's an interesting anecdote there from sonyasal. One thing I've noticed here is the number of young people starting early and making a success of it – I wish I had half your wisdom at your age. I'm 39 and just bought my first and only property and its my PPOR. In retrospect I  went down a path that was clearly marked 'wrong way go back'. That…[Read more]

The Daily Telegraph is reporting people in Sydney who have bought and sold properties over the five years. Seems like a case of inflating property values and people getting sucked in to buying at those inflated prices . Anyone shed any light on this? http://www.dailytelegraph.com.au/news/our-real-estate-losers/story-e6freuy9-1225835098402

I feel some ambivalence toward the issue of money – interesting topic though. On the one hand, people shouldn't use their love for money (as per your bibilical quote) to disadvantage someone else. This kind of activity can take on a number of forms from selling via manipulating people, especially vulnerable people, into purchasing meaningless or…[Read more]

I don't get the contradiction – on the one hand we got the RBA and economists saying rates will increase significantly this year and on the other, the fed govt's continued stimulus spending in light of an apparent slow recovery! I wonder if the rate increase rhetoric is there to produce a little fear and cur spending so rates do not have to…[Read more]

Well the RBA held off on another interest rate rise – even though economists everywhere were predicting they would increase it by 25 basis points. 

Stamp duty? Are first home buyers subject to stamp duty in Victoria? 

Cheers V8ghia, appreciate your input.

Cheers guys, interesting tips there.

Did anyone see the news on Fox tonight re median house prices in Sydney? Apparently will boom in 2010.