All Topics / General Property / Income Growth – Economy

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714
    February 26, 2004 - 3:13 pm

    http://www.theage.com.au/articles/2004/02/26/1077676874286.html

    Economy still robust and healthy income growth.

    Profile photo of yackyack
    Member
    @yack
    Join Date: 2003
    Post Count: 1,206
    February 27, 2004 - 12:18 am

    I love reading articles about income growth. As incomes go up so too does property as you need incomes to support property price increases.

    It also means people can pay more in rents. As a property investor I want my share.

    The other thing I like about income growth is that as my income goes up I can borrow more and previous purchases do not look so daunting compared to my income. eg

    2000 Property A Loan = $220k Income $70k
    2004 Property A Loan = $220k Income $85k

    The bad thing about income growth is the prospect of increased interest rates. Cant have it good all the time I suppose.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.