Whats happening/going to happen to the Melbourne market??

FHB are just people like anyone else. So are investors – just people. Yes I buy when other people are buying. Yes I buy when other people are not buying. I buy when I can afford it. I buy when clients hire my services to buy for them. Otherwise I don't buy. I go to the beach or have a coffee or a massage.

Well this is your idea. I did not advise you to wait for demand to fall…..and I do not believe that demand will fall – which is why I advised Kris to buy.

I already named the source – you are not reading properly. Go back and read my previous post – ABS and other data collectors. You can read all this stuff for yourself if you can use google.

I DO NOT buy because spruikers say that. I buy because that is what property does. I could not care less what spruikers say – or doom and gloomers for that matter either.

  Correct. I buy if we have a market contraction. I buy when others are uncertain. I buy when others become unemployed. I buy in recessions and I buy in good times. I buy when I had to pay 11% interest and I'm buying now when I'm paying 5.2% interest. The only time I don't buy is when I cannot afford to.

  I could not care less about the up and down house price over a few months or years. I know based on the past, that in 10 years time I will have more equity than I have now. I've been doing it for nearly 30 years.

  I'll let others be the judge of whether I'm 1 hell of a Buyers Agent…..but before I was a BA I was (and still am) a reasonably successful investor. I enjoy being a BA as I get to do what I love for a living and help others achieve some measure of success at the same time.

and with all due respect you sound like someone who does not own any property and is hoping that the market will crash so you can buy some – but the market won't play ball.

and what's worse, you are happy to try to convince others not to buy to help you feel better about it.

I'm sorry that you are poor and also living in one of the wealthiest nations on earth. But I'd caution intending investors or intending FHBs against listening to the views of someone who has personally never invested and whose only argument is the ones you have put forward. I would also caution people against just listening to MY views. I am biased but I make no secret of the fact that I am a BA – so I declare my bias up-front. People need to make their own assessments in the light of that.

You might not have professed to be a RE expert but you came across with some very definte views of how you think the market will perform into the future and also the reasons why. I have no problem with you holding a different view than mine. In any market you get people that sell and people that buy – obvoiusly these hold differing views of the same market. But your views hold less weight when you have no skin in the game.

I have no issues with that either….it is what forums are about, after all.

and I do not believe that for all the reasons stated previously. But we've both made our points.

  OK but you are saying Kris should time her entry into the market and based on some assumptions that you hold to be true. Your assumptions may well prove incorrect and if so it would be poor advice for Kris to be taking.

Thank-you, I've taken big risks and they've paid off. They might have gone the other way too, eek!

This is your choice to live that way I guess – at least I hope it is by your choice. I do understand it, but it is not how I want to live. I have some dreams that are unachievable without the intelligent use of some good debt.

There comes a certain point in a person's life where you realise it is not all about you. I've made some mistakes in my life – one of them being not investing earlier. I like to help people avoid some of the pitfalls of where I've been. If that comes across as spruiking – then so be it – nothing I can do about that. It is more in the mind of the listener than me. I make more money out of my investments than from working. It has taken some years to get to that point. I make nothing from posting on this forum except the warm fuzzy feeling that it may help someone, who in all likelihood I will probably never meet, along their way.
People have helped me, many without ever knowing it – if I can give something back then fine. If you can't agree with what I say – fine – its not for you – its for someone else.
I wish you well sweeper, I've enjoyed the banter.
I hope over time your views change but I can accept that you may not want to – its a free choice. Cheers.

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.

  I actually expected better than that of you sweeper. No matter. I already said that most beginning investors or FHB do not have the money to pay our fees. The more experienced don't need our expertise. If you think posting on a property forum is advertising for a BA – well fine – it is a very poor one then from a 'return on time invested' perspective. As I said earlier most of our clients are busy professionals – they don't visit forums like this.

  OK

Well it is not un-biased. I find your posts very biased. At least I had the guts to come out and say where I'm coming from (I need not have done so). We don't know who you are.

Look if the property market doubles every 7 – 10 years and you accept that, and we know that Sydney and surrounds has peaked in 2003, then surely 2010 represents a time that "could" be a turnaround in property's fortunes. Maybe it will take until 2012 0r 2013 – who knows? But if you get in a bit too early then who cares as the interest rates are so low the holding costs are zero anyway.
If I was a BA in Perth I would be saying don't buy
If I was a BA in Darwin I would be saying don't buy
Maybe I'd have to choose another profession if I was there right now?
Those 2 places have some falls yet to come (based on the Sydney experience).
But of all the places with the most unmet demand in terms of housing starts – its is Sydney.
sweeper, if you don't believe in debt – fine – this is wasted on you anyway if you maintain that view. You'll always rent – investors need tenants who always rent. Thank-you for that.

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

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.

sound great!

very impressive what a wonderful idea, can you show me how to get rich?

should i click on your signature, visit your website now and inquire directly?

A council land valuation (or Valuer General's) is in no way shape or form an indication of likely sale price. It is calculated very conservatively, only refers to the land component and is very often out of date by some years. D did very well to buy at that price.

Ring the council – talk to the rates section. They use the VG valuation to calculate the rates assessments. While you're on the phone – ask them the date the VG's val was done.