If residential property is truly in shortage as they want you to believe then one would expect to see a spike in the number of homeless family waiting for available housing. But my observation tell me otherwise. I personally have not seen a homeless family. Maybe there is a shortage of property …. by all those wanting to own 10+ properties, the…[Read more]

Good advice, Michael.

propertunity wrote:

Rhys_Roberts wrote:
… he must be an expert Australia wide…

Well kinda. I buy in Melbourne for myself and a couple of close friends. I have a couple of relos there and visit quite often. I keep my finger in the pie, so to speak.

well just because one is a car salesman and own a few cars doesn't make one an expert in car

one should be wary and take the story from the link above – "http://www.jenman.com.au/news_story.php?id=89" – very serious. this is just 1 of the many nightmare when dealing with a wrong Buyer Agent – no offense to anybody here.jenman is also critical of Buyer Agent's fee structure, they want you to pay a premium fee based on the value of your…[Read more]

propertunity wrote:
That's just silly. Nobody (or very few) get rich by buying one house. The ones that I know of that did – lucked out. The town grew up and out to be around them and their little 5 acre farm became prime residential land suitable for sub-division. So they became 'overnight' millionaires in 10 years. Very few people engage in…[Read more]

thats a pretty good spruiking mentality.maybe you should direct your answer at the OP by giving "realistic" and explain the real pitfall  by following your 'idea' and maybe we could all be benefited. don't worry about the + we already know, price double every 7 years-you're mega rich.

SNM, that explains why major banks has increased their LVR to 80% to protect their own ass from the coming down turn. i think they also see it coming.

don't worry, propertnity, i don' think any1 here would take you seriously enough to hold accountable for your advice or recommendation since you aren't qualified for it anyway. beside you admitted you're bias

GOM, i don't debate how anybody makes their living and its none of my business but as a licensed BA i'd expect a level of diligent -not just about commission-and that was why i questioned propertunitys recommendations and his reasoning, as i found it too unrealistic, and hopefully Kris will be benefitted from this info and can decide for…[Read more]

well any observer can see  you're gaining by posting in here. its a cheap advertising method; spruiking just about  every post , each post has your website link presuming it's the same as the name of your company and your position. a great place for spruik and fishing beginner investors.unlike you i got nothing to sell or advertise or f…[Read more]

propertunity wrote:

sweeper2009 wrote:
with due respect, you sound exactly like a spruiker!

and with all due respect you sound like someone who does not own any property and is hoping that the market will crash so you can buy some – but the market won't play ball.and what's worse, you are happy to try to convince others not to buy to help you…[Read more]

with due respect, you sound exactly like a spruiker!

according to propertunity:you BUY even there are 30% of FHB in the market competing against the 70% "normal investors" although it is best to wait a little longer for the demand to fall. btw statistic are coming from an anonymous source. you BUY because spruikers said that property price double every 7 yearsyou BUY because the above are relevant…[Read more]

please do not hold it personal. there is nothing better than a honest opinion

propertunity wrote:
No. What I said was the frenzy had "died down a bit". If you are of the view that the ONLY thing holding up prices in the lower end is the FHBG/B then Yes – hold off. But FHBs only represent up to 27% of the buyers in the market (in a frenzy) and…[Read more]

propertunity,i respect your opinion but i have to disagree with you.Kris asked if this is a good time to buy or wait until the FHBG boost over, since you acknowledged the frenzy is still there, considering she isn't gona get the FHBG, wouldn't it be wiser to buy after the FHBG  expired and demand down?your point "I don't see the price of a $350K…[Read more]

maybe they see something big is coming and don't want to over expose on property.

Qlds007 wrote:
I hope you mean Invest rather than Incest.

i freak out when i saw that 1. lol

propertunity wrote:
We are in a GFC – yes agreed. I don't know what a "CREDIT recession" is – but we are likely heading into a recession – yes. Even though we are not "technically" in a recession yet. BTW, banks are not running out of money, they are just getting fussy about who they lend it out to. At the end of the day, the banks make profits…[Read more]

propertunity wrote:
That was only a 0.25% cut but if you re-call the previous cut, you will also remember the political pressure put on the banks by Wayne Swan and others at the time. That pressure led to the big 4 passing on all of that particular rate cut despite saying they did not want to / could not afford to.

does anybody remember what…[Read more]

propertunity wrote:
The banks might be independant from the RBA but they are operating in an environment where the Govt guarantees their business. Banks also cop political pressure for not passing on rate cuts. So this particular current environment is a bit different from 'normal'.

Gov will guarantee banks to stabilize the economy, not to gain…[Read more]