Scamp wrote:
I know, and I'm not god. It's no secret, just use your brains. It's there for everyone to see. Only the bulls close their eyes. Oh, the recent rental vacancies in Sydney here btw : ……………………2-May..30-May…6-Jun..13-Jun..20-Jun..27-Jun..Chg Week..Chg…[Read more]

Spot on. Just another bad situation that some people try to use as a example of the Australian wide market.

My sister is living in the uk (Edinborough). She bought a loft apartment a few years ago and now she wants to come home and wants to sell.And yes she may lose some money but no 70%. What crap. Im sure there are many places thet may expieriance drops close to that but if you were to look at the details im sure the majority of people will spot were…[Read more]

yarpos wrote:
well said Michael.  We need to adapt to survive.  Maybe you should change your icon to Morpheus?re the XU1?  a lot of capital growth I reckon…..the prices of iconic cars of that era have been through the roof for a few years now (another bubble?)  things like A9Xs and GTHOs have been pulling $50k and way beyond.   I love em but d…[Read more]

Just remember for every doom and gloom artical  out there there is another one about a new viable renewable energy source that is going to save the world. Its just a matter of time until they are used in a large scale. Do you really believe that large energy companies including oil comapanies are going to use the last drop of oil and then just…[Read more]

ormeau wrote:

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of…[Read more]

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how…[Read more]

ItalianDragon wrote:

devo76 wrote:

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here are taking there…[Read more]

ItalianDragon wrote:

Skip101 wrote:

gmh454 wrote:
In Sydney we have already seen 850K homes (asking price pre slump) sell for under 500K, Kellyville, the divorce capital of Australia.Palm Beach $6.25M to $4.5M in under a year, both ends of the market.Wonder how many of the bulls here are taking there own advice and swooping in to prop up…[Read more]

Now my retirement life.Monday. Walk on the beach and check out potential fishing hot spots for later.Back home for breaky,read paper.Go to my shed and play with my model aeroplanes and cars.Lunch down the local bistro.Afternoon fish on the beachClub again for a try at winning a meat tray.Telly with the missus untill bedTuesday.Surfs up so down to…[Read more]

ormeau wrote:
Blah blah blah, and still no reply to Peak Oil…… you are so close to the truth but still live in denial. You are the Sheeple. Good luck poor fools.

I dont think anyone is in denial in regards to oil and its longevity. Its just that most dont believe the world will come to a screaching holt in the near future. You appear to be…[Read more]

I like this post. People are simply putting foward there thoughts on where we are heading none of which is new thinking. Some are arguing the doom and gloom. Others are arguing the sunny skies outlook. I guess you could say we are arguing over the time. Some believe its getting close to 6 O,clock on the property cycle while others think we are…[Read more]

My property said offers above $335,000I got it for $295,000.Start low.

So if houses drop 50%(My IP purchase price of $300,000) and the current cost to build my Ip is around $200,000.That puts my land value at negative $50,000 !!!!!!!  Not gunna happenI guess thats the plus of buying in the cheaper areas with a stable although underperforming market. less room to fall. I expect a drop in value over the next year for…[Read more]

Agree with your points LA and blogs. The keeping up with the jones and buying plasmas thing gets mentioned everyday. I was just saying that there are many people who will genuinely be hurt out of this through no fault of there own.Just bad timing. And i believe geting all excited about the impending blood bath can be in bad tast  by some on these forums.

Fair enough. But do you think the rich invester with many properties are the one that are going to suffer.The majority are going to be people struggling to pay there PPOR morgage and now they may have negative equity on top.Plus the average Joe who is trying to build a nest egg with 1 house for retirement. These are the people that are going to…[Read more]

The sooner we have a bust or correction. The sooner the doom and gloomers can jump up and down and celebrate the misery of others and the sooner we can look foward to a boom time.Let the babies have there bottle for a few years hey.

The majority of investers may be just like a herd of sheep. But its this action that to me will be the start of the next boom.Prices soon may stagnate due to rates etc.Many mum and dad investers get spooked and jump ship dragging prices down or stagnating them. Then after a period of time rates come down, good times return as people forget the…[Read more]

L.A Aussie wrote:
Trying to sell our Honda Accord now for the return back to Aus in April.Spent 2 hours madly cleaning the car inside and out this morning as there was someone coming to look at it.They never showed and no phone call. Seems to be a standard thing for this caper. I've done it once before and was the same deal. Ended up keeping the…[Read more]

the wife and i made a decision about how we would live our lives 5 years back when we bought our PPOR. We have no desire to be the richest stiff in the graveyard. But also we dont want to be 50 and afraid of retirement because we have no money. We are aiming for the middle road.Invest,save and have a great life along the way. The majority of the…[Read more]