Fair go. Things are changing rapidly and therefore our leaders must also change. Would you really want our head boy to be pushing policy that has become irrelevent. Be real. Things are changing week to week so its good that he is acting when he can. Do you still think fuel watch is top priority ????PS And you really are too hung up on these bogun…[Read more]

I was approved for a additional $580,000 ( No i am not taking it all)on top of my current $400,000 debt. Yeah its getting real hard.

If scamp is right. I would buy as many of these one dollar houses  (that will soon appear) as you need to have there rent suppliment your negative equity from your existing Property. A couple of one dollar houses renting at $50 to $100 dollars a week should do it. Too easy

Bloody hell. Stop with the idol references. I hate that bloody show. And as for your description above  of peoples views.Its identical to yours except a complete 180 degree spin on it. Honestly have a look at what you have said. Similar argument for a opposing view.A reaction to market conditions is acceptable for you but not for others. How does…[Read more]

hbbehrendorff wrote:
my god,  You actually think there will be a boom next year ?  Ill bet anyone a $1000 property will not increase next year.

Actually. Due to your typically broad statement i bet you $1000 dollars i will be able to locate a property in Australia that does go up. Do you want to take that bet?

I am looking at a property in a area i know well. On a subdividable  central block in great area. Old house to the front split into 3 units with Garage for each. Getting close to $370 rent and would be achievable to purchase for around $240,000. Thats below the land value of a few years ago. A bit of a freshing up will push this rent higher also.…[Read more]

foundation wrote:

C2 wrote:
Without getting involved in any of the jibes I would like to say that references to Japans deflation shouldn't be use as examples of what can happen in OZ housing market.

I absolutely disagree. The dynamics of debt deflation are precisely the same. The overpriced asset market (the bubble) has a corresponding future…[Read more]

hbbehrendorff wrote:
-50%

+ 50%. There i fixed that momentary drop in values.

hbbehrendorff wrote:
Jesus,  The whole solar system is hotter ! All the planets are hotter ! the sun is producing much more heat then it normally does !But the earth is going to enter another cool era with precipitation caused by all the heat.

I agree. Apparently earlier ice ages started with a warm up. the warming affected ocean currents and…[Read more]

alani wrote:

hbbehrendorff wrote:
What is with the idea that life is just one big never ending boom ?Wealth does not come from the ether you know.

I have a question for you hbbe…,What did 1 dollar buy you 200 years ago, what does it buy today and what will it buy in 200 years time?hence property will start to boom, more money will be…[Read more]

crashy wrote:
rates down another 75 bp.ka-ching

No that cant be true. They were meant to be above 10% by now. And fuel was meant to be above $2 dollars and gold was meant to be around $1500 a ounce. Thats strange

True. These are facts. But what happens next is just your opinion. Everyone can throw some facts together to support there opinions. This is evident in most posts these days both for and against property. The thing that cant be worked out is how the Australian people will react. Sure in one way we are like sheep. But many choices we make are not…[Read more]

Philb wrote:
Hi HbbehrendorffPlease tell me where you get your info from about buying land from 100k and properties from200k.

Its just his view on things. Nothing is certain.Many like him believe the end is nigh. Also many dreamers believe everything is rosey and nothing is wrong in the world. I will play the odds and say the truth is in the…[Read more]

Many references are made stating that Australian house prices will follow Americas. But will they stay that low? Even with a reduced axcess to credit. When America enjoys better times this will flow through to there housing market with improved prices. The historic lows they are expieriancing will not last forever. This can be said for Australia t…[Read more]

California is on a fault line . There is a way higher chance of a massive earth quake there than rising sea levels yet it has no effect on prices. ( yes i know they are dropping at the moment but you get my point). I believe it will have no effect until we get a confirmed significant NON CYCLIC rise in levels. This has not been seen or proven…[Read more]

I have a $54,000 investment property loan secured to my PPOR. When i applied for a LOC against my PPOR which currently has around $200,000 available equity. They  removed the portion that is already used as security. This lowered my available LOC by $54,000. This is something that was not explained to me at the time but know i know.

CBD hands down. Most mining towns have had there run and to me are a higher risk at the moment.

Whatever. It will pass.

You could by some seads and some batteries. maybe a tent and a shotgun then go live in the bush and defend your patch till the day you die. OR you could be a realist and look for opportunity in the current market. That is what the smart people are doing.

ummester wrote:

devo76 wrote:
I believe all people on this site should also visit GHPC. ( After all they are constantly on hear spreading there GHPC bible right guys) A newbie will go on there and at first be absolutly horrified as people tell them that 100% without doubt property investing is finished. But as you spend more time on there you…[Read more]