And westpac have passed on .8% of the cut. Now i thought they were not going to pass on any cuts. Dont worry im sure there will be another analyisis and claim that there will be NO OTHER rate cuts after this. Goal post moves again. Ha ha ha

gibbo1 wrote:
Devo, You state that prices are falling, the house in question is located in Perth.  Perth has some suburbs that are falling, some that have fallen but have started to turn around, some that are pretty flat and others that have continued to increase (although at a decreased rate) during this whole cycle.  I think its imposible to…[Read more]

urchin wrote:

devo76 wrote:
NOTE TO ALL PEOPLE READING THISScamp wants to buy into the Australian market and therefore is trying his hardest to drive the market down so he can buy in cheaper. He has stated this on many forums. If this is not bottom feeding i dont know what is.Much of what he says is true but a lot of it is what he personally…[Read more]

gibbo1 wrote:
by the way scamp, do you have any idea about where this house is located in perth, do you know where perth is, do you know the demographics of the different suburbs in perth, do you know the median house price of a property in perth, the median house price of the suburb in question, do you know which areas of perth have high rental…[Read more]

harb wrote:

Scamp wrote:
Can you say cheese ?

Beemster ?

Quote:
I'm tired of pointing out I am right. This chart is my last gift to you.

Scamp, I'm sure you think you are right but so far the rates have gone in the opposite direction you said they would, then you got us all excited about September which btw turned out to be a fizzer, then…[Read more]

Scamp wrote:
Sell if you still can. Put it up for sale for 450.000 ( you say you think you can sell it at 560.000 which is clearly not true market value ).  Take the loss and see this as an expensive lesson. You were suckered into a property bubble that will keep declining for years to come. In the meantime you are losing capital on this house…[Read more]

WJ Hooker wrote:
Kylie,         Why is everyone talking about the end of the world as we know it?I also think the economy is in bad shape and getting worse, but its not quite to the end of the road just yet. Lets all just hope it doesn't get to the pack up my swag and head for the hills stage!

Its just the standard over reaction from the neg…[Read more]

You are right . The bubble must burst just as it has in the past. Then it will repair itself and start inflating again. Its part of the usual cycle. Its just the lenth and magnitude of the cycle that is unknown. Why in hell do people think this is sooooooo different from any other time. Sure the specifics are different but every event in the past…[Read more]

I guess it comes down to two possible outcomes.One leaves us in a collapse of things as we know them and the other is that this is another one of lifes bumpy sections and things will work themselves out given a bit of time.Now we can believe we are on the eve ov a world wide collapse as we know it and dissapear for the hills or you can take some…[Read more]

hbbehrendorff wrote:
I have to say,  Don't listen to misinformed people,  Or people who have a ulterior motiveFirstly I have to say that its quite possible that property might fall 50% like Scamp says,  Unlike what most people assume will happen if there is a crash,  Property prices won't go down to a more realistic value,  They will go down…[Read more]

Scamp wrote:
How the people on this forum have changed. When I posted ( about 6 months ago ) that buying would be suicide , they all said "you can always buy, property always goes up". Now that it's too late they realize their mistake they made 6 months ago. Property will crash 50% within now and 3 years. By that definition, a bargain must be at…[Read more]

My properties are in NSW and we did not experience the second boom you mentioned. I hope this means we will suffer less in this downturn.

I agree. Hold off unless you find a bargain. Even then bargain harder. If you get a good price for a property that does not go up for sale often then it might be ok to jump now.

Neg gearing review. Whatever, ill worry about that one when it actually happens. Plus with the amount of people using it there will either be a massive backlash as before or it will be modified so as not to affect people too much already using it. I personally believe with or without it will make know difference. The heard mentality will ensure we…[Read more]

 I think another factor is today people have a lot more drive to own more than one house while others have resigned to renting for there life time. That sounds to me like the rich get richer and vice versa for the rest of the population. I just hope im on the winning team.These days everyone wants to invest and this will play a big part in the…[Read more]

ummester wrote:

harb wrote:
Mid 5s RBA rate not the variable rate but it could even get to that by X-mas 2009  if things are not picking up over the next 9 months. Someone else told me it was funny when during last May-June while most of the "expert economists" were calling  a couple more rate rises by X-mas I suggested the possibility of a c…[Read more]

Had a visit with the bank thursday. They are throwing money at me. No real change there at all.

Scamp raises a valid point. Dont buy a $550,000 house if you have a single $50,000 wage. Simple stuff really. But there are plenty of properties well under this figure. Buy one of them. Reduce the debt over time and with some equity gain in the future. You will be on your way.As for $500,000 properties selling for $100,000. Could you imagine how…[Read more]

Good info there. Can you also tell me what next weeks lotto numbers are??All crap aside. Listen to scamps advice as well as the over optimistic people out there. Then and this is most important. Listen to All the available information between these  possible outcomes and work out  for yourself which direction you want to go. I myself am waiting f…[Read more]

I like the way you think and it would be a different world if everyone was the same as you. But unfortunately the mighty dollar  rules all so it becomes a case of beat em or join them. Cant beat the rich so im trying to join them. It seems to me that civilisations are formed and grown on the basis of wealth transfer. everyone is worth something…[Read more]