I would say no way mate.They are all unserviced by public transport, and as a result, the road and traffic problems are very bad.  The majority of properties are highly debt laden, and over capitalised (too expensive house, on cheap land).If we go into a recession (highly likely) alot of people in these areas will struggle to keep their job, or…[Read more]

You are in now…..Did you buy this as a long term or short term investment?In 10 years time your property will still be worth significantly more than it is now.  But you might lose out in the next 3 years.Whether you can afford it or not is a decision you should have made before signing on the dotted line.

hbbehrendorff wrote:
Now sir,  Tell me,  Do you really support this ?

Please….. http://www.inspect-ny.com/hazmat/CO2gashaz.htmAt 1% concentration of carbon dioxide CO2 (10,000 parts per million or ppm) and under continuous exposure at that level, such as in an auditorium filled with occupants and poor fresh air ventilation, some occupants a…[Read more]

Man you guys sure are naive about climate change.Two links from respected sources that you should read.http://www.telegraph.co.uk/earth/main.jhtml?xml=/earth/2008/04/24/eaarctic124.xml

Quote:
In September 2007, the sea ice shrank to 39 per cent below its 1979-2000 mean level, the lowest since satellite monitoring began in 1979 and also the lowest…[Read more]

Can't use the past to predict the future.What I can say without a shadow of a doubt is that if you believe this all so much, why are you wasting your time here?Shouldn't you be sowing seeds?  Or stocking up on 10kg bags of rice?

I wouldn't personally go that far…. but I was one of the strongest advocates that this was a quiet market and the time to buy.   From what I saw today this is just the calm before the storm, and I will be finding a safe port to weather it out.I.E I will rent….rather than buy.  I am thinking beachside…..  why buy beachside when it will be und…[Read more]

I send cash now Yes?

Its a new home….it is $14000 they are missing out on.

$850 per year for 4 years (17% of $5000)or $7000. Cash Now.    Which would you choose?

You could also slip the vendor $1000 cash to mutually cancel the contract, then resign a new one with the same settlement date.

trustieone wrote:
Not sure if i am able to get this extra grant or not, I paid .25% to the agent to hold the property,  my 10 day cooling off period expires tomorrow, i have not yet paid the full 10% deposit.So any views as to whether i might get this extra $7k  grant.

Did you place a STF clause in the contract?Have your banker write a letter t…[Read more]

hbbehrendorff wrote:
3: Make our currency real,  If our dollar was backed by real money (Gold or Silver) then our ecconomy would be in much better shape and fair much stronger in the international market

Ermm….. Yes this was the case 100 years ago.  Tell me though, where would we dig this gold up from per se?  There simply isn't enough go…[Read more]

Well, I feel that unemployment will rise, small businesses secured against homes will cause some foreclosures – BUT…..Property with good fundamentals will not suffer.You all know what the fundamentals are…..I looked through the Auction results today (Melbourne) and the small places in good suburbs, are still booming.Poor areas, particularly…[Read more]

Alrighty then……..  

Well…. I am no expert, but I will say southbank is a really nice area.I will also say that looking at second hand apartments the ones with carparks generally sell for more than $50k more than the ones without.Carparks in the CBD are becomeing rare….so it would add well to your investment.That said, unless you need to go to the outer suburbs…[Read more]

devo76 wrote:
Looking back through past history and looking at all the information in front of me. I still believe property will be a smart long term move to financial independance. This current crisis will become history eventually and a new one will take its place with the potential to end things as we know it once again. One thing for certain…[Read more]

Gday…. First time poster….. short time listener.    Also potential first home buyer.I think that one issue which will prevent a return to affordbility is our, what could be called 'strong immigration'.We are currently looking in melbourne, and the majority of people looking at property are Chinese.   These are in areas like caulfield, Mal…[Read more]