Good advice, Michael.

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 purchase price. this is ridiculous, since you pay the mega fee once you agreed to buy the property how can you be certain that they are doing it in your interest but not their? they want to get paid asap too.

i think it only fair IF they can show and proof how much they saved you with their bargain skill and earn a % from that saving;

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.

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

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 financially benefit from posting here, my view is truly un-bias, give input where i see fit.

with due respect, you sound exactly like a spruiker!

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

i'd like to know where you get the data from. assuming you're right with the numbers, do you or do not agree, even with 27% of FHB in the market can significant push the price higher? again is it Kris best interest to hold off?

this is interesting. what commodity are you referring to? assuming you're referring to property, do you have anything to backup your argument on the 2 recent cycles and it relevant to property value fall? as fair as i know all spruikers continue selling their glory statistic-property price double every 7 years!

you talk about cycle but the market has just starting to fall from the top end and the bottom of the cycle is no where in sight, you're advising people to buy? that was my critic to your original post.

fact; dooms and glooms are not over, we are not officially out of the recession(unless you believe  the govt's feel good medicine-we're not in recession 'technically' ), unemployment will continue to rise, markets uncertainty, bank lending tighten, world hunger for money and will eventually drive the interest rate up etc.

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

I think you missed the point and really need to look at this GFC at a global level. as i said earlier aust banks borrow internationally(oversea) to continue fund their lending in OZ and to investors and businesses to get the OZ economy going.  i believe this is where the govts guarantee play an important roll and how the OZ banks were able to borrow internationally, os loans is secured by the OZ taxpayer money.

i was referring to oz banks and the tightening of the global credit. ie 'credit recession'. if you look back a few months ago, in the USA there were at least 1 bank declare bankrupt each week and this was because they're simply OUT OF MONEY and were unable to borrow(no govt guarantee protection) . this credit issue is also the main contributor to many construction company and larger business bankruptcy

yah but Kris was asking the question here. buy or not?  the top and mid end of housing market is just beginning to fall and you recommended your client to lock in already? all doom, gloom, recession over? i am sorry we're after all not 'technically' in a recession

Then surely you can't conclude and recommand Kris to buy at this time as you did earlier in your post  " we believe now to be possibly one of the best times to be buying."

how about ABS?

getting confuse here so should Kris buy or not?

but have you seen a recession where govt have to resorted to use taxpayer money to guarantee a private interest companies as huge as BANKS-considered it as safe bluechip co.

GFC = Global Finacial Crisis. i'd assumed you didn't experience the last depression?

bank has an interest of conflict and you need to be wary of their interpretation of their report. unfortunately banks can not enforce market outcome and they recently have write down massive loss due to their oversea property investment and the local market just starting to fall from the top end.

Gov will guarantee banks to stabilize the economy, not to gain control over banks. Banks needs to borrow internationally to provide their usual services and if the borrowing come with higher fee/rate, then this will be passed to the retail borrowers. This is a fact as we've seen last time; RBA dropped the rate but some banks decided to hold the interest rate and gov did nothing.

The govt don't use taxpayer money to guarantee a private organisation(bank) unless it can trigger bigger effects on the economy and this is what matter to them.

Unfortunately the bad is done by the gov FHB boost. People bought over priced property/investment  at a ballooned price. It just a matter of time when the relevant factors kicks in; interest rate up, unemployment up, FHBG ends, recession etc

They might be biased? Maybe you should present your case with a more credible sources.

It's unrealistic to use a single case, how about a proper statistic from a credible source plz.

I don't know whats in the Westpac report said but all business's forecast based on a model and it not necessary reflecting the real world.