Yes You don't need to be a rocket scientist to see we are in for a rough ride. Even Rudd will tell ya that. A lot of the people with there pants at their knees may have to keep them there for some time to come, hey lol.  A lot of that came from being to greedy. And believing to much Bull @#$% from real estate agent & developers. I know I'm not b…[Read more]

blogs wrote:
Im personally very worried about the bubble they are doing EVERYTHING to keep inflated. Gee even the banks giving unemployed people 12 months without repayments-what does this tell you?? It tells me the banks are scared outa their minds that the property market is on a kinifes edge and a influx of mortagee sales could send it…[Read more]

patriotsoldier wrote:
Forgive my potential ignorance. At the lower end of the market: Less FHB = Drop in demand = Drop in pricesSo all the future first home buyers will continue to rent, forcing demand up(and $$) in key locations for suitable properties.

If there is a drop in prices like your equation states, why would you rent, a drop in…[Read more]

Good point but they are still first home buyers. I think the case for an extention is good say for another 6 months. We also had a drop in intrestes last Tues. Soulding a bit like the USA ????? There was a program on TV sergesting the FHO Boost is stimilating a sub prime crash. Bank  et al are still lending up to 90% but as bad as 110% but with…[Read more]

Hi allIt true the FHOG is doing it job. I have seen an increase in traffic at display homes. FHB out looking not to miss out. The sales staff love it. They even tell people the FHOG will stop in July that's not true. Its only the boost of 14 or the extra 7 that will end. Im in the same boat, I intend to buy soon, but as a PPOR no as an investment.…[Read more]

JoeYou are asking all the right questions. But  nobody has the 100% correct answer for you. If it was that easy I would be asking for next weeks tattslotto numbers and forget about housing. I'm sure someone will give them to you if you ask but as I said they may not be correct.  It really is up to you and why you are buying. Is it a PPOR or In…[Read more]

SkuzI just treated a place. If the termites have eaten the outside boards you can bet they have eaten more on the inside. They don't like light and therefore eat in the darker areas of the house more. You can indeed tell if there is activity behind the walls. But you will have to pay for it, funny that . Get a pest guy in with a moisture meature…[Read more]

KellI have no idea what to tell the RE agent.Try telling them exactly what you want, its your offer. It sounds like they have accepted your offer, and its money that get it across the line. So, they will agree to what you want for sure, why not. Im not a legal practitioner but in the special conditions you what in writing;   The Vendor is to a…[Read more]

muppsRule No 1:      Dont panic.The last thing you want is an auction on you hands. There is always another offer or another interested buyer of the same property. They know you are interested as you make an offer before it was open. Was your offer real, I mean in writing with sect 32. If so you should have given them 2 days to accept it (as you…[Read more]

JimmyWhen negotiating a contract for an IP, how much holding deposit would you offer.A holding deposit is just that, it puts a place on hold. Please be aware that it is not legally binding to the vendor, agent or purchaser. It is a show of good faith. It is not the official deposit offered in the contract. Which in Victoria cant be anymore than…[Read more]

DebbieIts great to be reminded of the joys of being a landlady / landlord. It sounds like your tenant may be suffering from the "I'm paying too much rent" syndrome.  Becoming more common as credit and borrowing ability tightens. Then again your tenant may be concerned that termites may eat your asset away and they will have no place to live.  De…[Read more]

SkuzI think you may be a Melbourne person and one who can see the value of researching growth areas.  Not just using the old mentality of worst house in the best area. Well done. I think you are on the money, with this concept just by definition alone.Gentrification:  the buying and renovation of houses and stores in deteriorated urban ne…[Read more]

IPThank heaps. I like the place, but. It seems a bit funny, I get the feel somethings not working out for them and they want to get rid of it asap. What also concerns me is the 5 Star energy rating. It may need double glazed windows and now they realize it and the cost they what to sell it.  "At the very least, you will need to get copies of all…[Read more]

PipelinebuilderAn excellent post mate. Makes people stop and think out side of the box.  A few comments on A, B ,C.A:   "The one comment that didn't come through was, how many people do you personally know that are financially free  from        property investment?, lets be honest about it!!!!, or is i have a friend that made so and so during the…[Read more]

I'm sure we should email  K.  Rudd & Co.  with all these brilliant ideas, however I head the other day he is out of the country, I believe Costa Rica. I better contribute to the brilliance:1: STOP IMIGRATION2: More uni. & TAFE places & free or cheaper post grad. study.3: STOP STAMP DUTY. for FHB  only (sorry folks) reduce it for investors.4: Consc…[Read more]

Pipelinebuilder    "Just a thought – is property the answer or is just a method to get wealthy that happens for a few?"This is more than just a thought its a reality, a trueism. Ive only met 3 people that will always tell you that you will make money on property, the Vendor, the Agent and the Mortgage broker. There is no consistent correlation be…[Read more]

PosThis is only my opinion. I don't like main roads ether. Think of the kids playing on the road??? My friend has a house just under a free way over pass, goes passed his bedroom window. I always think of the potential danger of a car coming of the road and into the bedroom or lounge. Hey, its your PPOR you want to enjoy it.  If you don't like m…[Read more]

Mia   et alI think this highlights the importance and necessity of the legal profession. Having someone in your corner to throw a punch and be able to back it up is a great feeling when things go pair shaped.  Sometime things don't go as planned and people get emotional, stressed & frustrated. All normal stuff. However, as mentioned you are sp…[Read more]

MrsPI understand your question to be" should we put the money from the sale of our house in "cash" investments, go out and rent a place and wait for the prices of houses to drop". I don't know what sort of "cash" you are talking but hey lets say 350,000.Your rent will be  say  $340 pw. No lets make it $300.350,000 @ 4.5% if you can get it. for 1…[Read more]

MisterHi hows it going, I just left you a personal message on this forum.CheersT……….