Where do you see property investing in the next ten years

stock market will bust around 2010 when the the baby boomers start to retire at age 65 and take there cash out of superannuation and managed funds. Interest rates will rise and property boom will be on but we will see many foreclosures ripe for picking.

So those of us with 'thick skulls' can understand can you please explain to me how with two incomes you are unable to save up a deposit? Where are you looking to buy? How much deposit do you want/need? Sooooo what you are saying is that you are complaining you cant afford a $630k house? Im guessing you and your partner would be on around $45k? so $70 a year by your magical 7 gets you $630k??

I have been thinking about this for a while too,

my thoughts were that when I look around at alot of the baby boomers I know, (and I am talking the average joe here) not many of them actually have overflowing super funds most of them actually have quite limited super saving's due to the fact that they have not been putting money in their  whole life as super has only come about in the last 15years or so, so the great sell down of stocks might not turn out to be as big as people imagine,

Also because of there limited funds in super and government incentives alot of boomers will continue to work past their retirement age, possibly still contributing to super,

another factor that might have some affect is alot of people that have been preparing to retire have already begun switching their super funds to a more conservative footing so you may find alot of their funds have already moved away from shares and into fixed interest, cash and property funds,

Also due to their lack of super  alot of retirees will down size the family home and move to retirement villages, this will have some impact on prices in the capital cities I am sure.

Alot of baby boomers own succesfull business's When they sell these business they may even invest the cash into their super funds who knows.

Yep typo-in my original post I guestimate dthey were on $45k so = $90k, then using the 7 times rule came up with $630. Im not say its not hard to save a deposit but the opportunity is sure there-like I said a lot of people stay at home now till their mid to late 20's. If they are unable to save a deposit in a situation where many still are not paying board or food bills etc then they have no one to blame but themsleves. As to other complaining perhaps they need to look at where they are wanting to buy-forget inner city-hardley anyone can afford there anyway, again most of the 'oldies' bought in the burbs as that what they could afford. Still plenty of brand new 3 bedders in the burbs for under $350k, on a 10% deposit between 2 people thats only $17.5k-chicken feed….

quick search of realestate.com found 20 pages of properties in brisbane for under $350,000 around the northern suburbs of Petrie, Strathpine, Kallangur, Aspley alot of them look quite nice

I myself picked up a good little investment property in Petrie which is about 35mins from city about 18 months ago for $257,000 it is a house divided into two units under the one title, One three bed unit and a one bed unit, the combined rent is currently $390/week.

this kind of property would be great for some one just starting out trying to save to build equity for there house they wish to settle in one day, you could move into one unit and rent the other out.

Deadcat – I remember when I was young thinking exactly the same thing as you.  The price of houses seemed so far out of our reach.  Don't get despondent – if you want it and will it, you'll finally get your first place even if it is a tiny little one – being in the market is better than being out even if its just a one bedroom unit to start with. 

With the help of a first home owner's grant we bought a block of land on the outskirts of our rural town and built a little 3 brm brick veneer house that was about 101 square metres  No garage, no back verandah, no turf, no garden, no driveway, no curtains.  Just a brick block in the middle of a mud patch.  We weren't fussy – it was a HOUSE!  To get lawn, I pinched kikuya runners from my inlaws place.  The neighours across the road smirked as they watched me patiently spread all those runners about because we couldn't afford the roll out turf like them.  A year later I smirked as I thought of how much I'd saved.

We had one 15mth child and the next one was born a year later (I figured if I waited until we could 'afford' children, we'd never end having them).  It was tough.  I had $20 a week to buy food, milk and bread for the week.  Hubby had to home brew if he wanted beer.  A spending spree for me was $5 at the op shop!  Still love those op shops.  Most of our friends were out every weekend knocking back the drinks and eating out regularly, and spending, spending, spending. 

It sounds like you're on the right track.  Just being in this forum shows that your already thinking ahead so try not to get it get to you – just keeping saving and investing those dollars!

I don't think the housing market will boom again like it did last time.  And it will languish for a couple of years yet except for the hot spots.  I think interest rates will go up another 1 or 2 percent – hopefully no more.

"Contrast this (of course) to the baby boomers, who: worked 25 hours a day for 10 years to save a 20% deposit. Once they got a loan, they had to walk 50 miles home from work (through snow) to their new house on the outskirts of town. Once home, they sat around on borrowed milk crates staring at the wall (couldn't afford a TV), and eating dirt."

This sounds like the "four Yorkshiremen" sketch by Monty Python. Funny sketch- was it art imitating life?

I agree with you. (nearly)Everyone is always late to the party, so once you see the fundamental changing direction and moving up, you pounce and once they reach there max then you can get out if you want as you will get out before the slump.

Chris.