PropertyInvesting.com | dmichie | Activity https://www.propertyinvesting.com/members/dmichie/activity/ Activity feed for dmichie. Mon, 13 Apr 2026 03:36:57 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 5dbc89b0ac05541ac84d7628edc1ef79 dmichie replied to the topic CRASH!!!! in the forum General Property https://www.propertyinvesting.com/topic/4381838-crash/#post-4527253 Thu, 25 Aug 2005 03:02:10 +0000 The Julian Robertson interview sounded like a hoax and it was:
http://www.andongkim.com/articles/2005/07/cnbcstoryjrobertsonandongkim.htm

]]> 5813900070397913e63faca1f2152aee dmichie replied to the topic Latest indications from RBA, etc. in the forum General Property https://www.propertyinvesting.com/topic/4381576-latest-indications-from-rba-etc/#post-4525530 Tue, 09 Aug 2005 13:29:15 +0000 Anyone who thinks these tax breaks are better than lower tax rates needs their economic head read.
Hear Hear!

Amazing divergence of opinions on the effect of the removal of the vendor tax. Louis Christopher, head of research at APM reckons it will put a floor under prices, while Gittins and other economists predict it will trigger further falls…[Read more]

]]> 06a71718f70460e462b0b8d426b91de0 dmichie replied to the topic Some Notes on Real Estate in Japan in the forum General Property https://www.propertyinvesting.com/topic/4381418-some-notes-on-real-estate-in-japan/#post-4524294 Mon, 08 Aug 2005 00:23:37 +0000 Fascinating post Terry W.

Its interesting to see the wildly different attitudes to property investing in different countries. Most of the Anglosphere (UK, USA, NZ, Aus etc) has gone property crazy in recent years, while most of continental Europe and Japan couldn’t be less interested.

In Australia, perhaps as much as 50% of our economic…[Read more]

]]> d137730f1fa06d3d3690b89963d6e390 dmichie replied to the topic NSW property vendor tax NOW abolished... in the forum No Subject https://www.propertyinvesting.com/topic/4381456-nsw-property-vendor-tax-now-abolished/#post-4524484 Tue, 02 Aug 2005 22:17:08 +0000 Has anyone considered that abolishing the vendor tax will bring a flood of sellers into the market and who have been holding onto their IPs because of the vendor tax?

More sellers means lower prices.

]]> 16104d292f85e381876646202aaf2170 dmichie replied to the topic property slump in the forum General Property https://www.propertyinvesting.com/topic/4380958-property-slump/#post-4521394 Thu, 30 Jun 2005 05:24:22 +0000 So you think, WA will have 4-5 year growth?
No idea … depends when the resources boom ends. Bear in mind that prices (and demand) for resources are at record highs and no-one expects these prices to last forever.

]]> 2f4889e36cbadc3d9c46d89ee723335c dmichie replied to the topic property slump in the forum No Subject https://www.propertyinvesting.com/topic/4380958-property-slump/#post-4521392 Thu, 30 Jun 2005 05:01:33 +0000 Simple answer: Resources boom.

There’s a lot of money sloshing around WA at the moment, it has to go somewhere, and Aussies being Aussies will put it into houses before anything else.

]]> a1883a2ced94fb0ecca4c97d1319f8ef dmichie replied to the topic Will oil price impact the property market? in the forum General Property https://www.propertyinvesting.com/topic/4380939-will-oil-price-impact-the-property-market/#post-4521282 Thu, 30 Jun 2005 00:43:47 +0000 Do the new Peugots have such engines? The fuel consumption on their mid size diesels are incredible. If they can run on bio-diesel I might be interested.
Any idea?

Peugeot makes good diesels, but I recently sold a late model Peugeot because it fell apart on me (literally).

I now own a 2.0L VW Golf turbo diesel. This car has the same torque…[Read more]

]]> e17a09cda60559e49c2c1367312af845 dmichie replied to the topic Will oil price impact the property market? in the forum General Property https://www.propertyinvesting.com/topic/4380939-will-oil-price-impact-the-property-market/#post-4521280 Wed, 29 Jun 2005 06:25:34 +0000 Agreed. I won’t start complaining until prices get above $2.50/l. I think reducing our reliance on oil would be a good idea, and higher costs at the pump will help. Anybody who struggles to afford $1.20/l is likely to be lacking financial nouse.

On a side note, today’s newspaper reports that Swiss scientists have developed a car using hydrogen…[Read more]

]]> 7b982d14dd994a30700e02046b993dfa dmichie replied to the topic property slump in the forum General Property https://www.propertyinvesting.com/topic/4380958-property-slump/#post-4521390 Wed, 29 Jun 2005 06:01:36 +0000 I went to an inner suburban auction Saturday, beautifully finished new townhouse. Bizarre auction … hardly anyone there. First two bids were vendor bids, then the auctioneer went for instructions and two sales people worked on the two interested parties (took about 30 minutes, while we stood around like stale bottles of beer – some people left…[Read more]

]]> 207d4946bfe01b45dc1a76c6be3d425e dmichie replied to the topic WSJ reporter looking for people to interview in the forum General Property https://www.propertyinvesting.com/topic/4380758-wsj-reporter-looking-for-people-to-interview/#post-4520078 Wed, 15 Jun 2005 05:39:12 +0000 Patrick, this is a pretty representative thread about the state of the market:

https://www.propertyinvesting.com/forum/topic/17947.html

My view (in brief):
– Not all cities the same, east coast markets have slowed with prices slowly drifting down, while Perth continues to boom.
– Volumes down sharply in east coast markets
– Properties take…[Read more]

]]> 67102758f07a2aa95fd1e0f58000fbb9 dmichie replied to the topic Houses overvalued by 25pc in the forum General Property https://www.propertyinvesting.com/topic/4380685-houses-overvalued-by-25pc/#post-4519585 Sun, 12 Jun 2005 03:51:36 +0000 Interestingly very few economists/analysts are prediciting a house price crash in nominal terms, just about everyone expects a decade of stagnation.

Shane Oliver concludes:
In the absence of sharply higher interest rates or unemployment, both of which seem unlikely, Australian house prices are now in for a decade or so of stagnation as rents and…[Read more]

]]> f3e599c4ea58ab7d49b1d15a502b21dd dmichie replied to the topic Property Market heading downwards? in the forum No Subject https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/page/2/#post-4518858 Wed, 08 Jun 2005 11:08:32 +0000 I can see your view point , however by taking that view point , you will not change the way the Australian Property market works.
No, the way the Australian Property market works has already changed. The bubble is deflating and we are very unlikely to see much real capital growth (i.e. above inflation) for the next 10 years. So your strategy of…[Read more]

]]> 8c24a22ad49a24c421340353d6b07802 dmichie replied to the topic Property Market heading downwards? in the forum General Property https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/#post-4518855 Wed, 08 Jun 2005 09:32:33 +0000 Amused, people like you make me despair of this country. The great economic success stories of the past 60 years (Germany, Japan and now China) were not created by building houses, they were created with exports. You cannot create wealth by buying and selling houses, real wealth is created by selling something to the rest of the world.

I’ll…[Read more]

]]> 6facedfb3f6f0a2828ac8597ed5244ee dmichie replied to the topic Property Market heading downwards? in the forum General Property https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/#post-4518853 Wed, 08 Jun 2005 08:02:57 +0000 what r u doing about creating WEALTH for your future
I’m developing software and selling it to the world and fighting a losing battle to reduce our foreign debt. Someone has to!

As for investing I have no plans to invest in real estate for the next 3-5 years at least, apart from my PPOR. (I’m between houses ATM)

As for other investment…[Read more]

]]> 84b6fda09a72c6222055ab56370b1058 dmichie replied to the topic Property Market heading downwards? in the forum General Property https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/#post-4518851 Wed, 08 Jun 2005 00:51:39 +0000 I just disagree that thumping the property industry is the way to achieve higher exports.

I’m not “thumping” the property industry. There is a place in any economy for property investment and development. I’m simply making the point that the property industry in Australia has grown out of all proportions and sucked in resources from other…[Read more]

]]> e9faac4e5de2d11673687b5dd95d5b5f dmichie replied to the topic Interest rates set to fall in the forum General Property https://www.propertyinvesting.com/topic/4380655-interest-rates-set-to-fall/#post-4519319 Wed, 08 Jun 2005 00:46:02 +0000 For all those thinking lower interest rates mean a renewed property boom should realise that the only reason the RBA would lower rates is if the economy struck trouble. i.e. a slowdown (or recession) and higher unemployment. This is not an environment where property prices rise.

This is the most interesting comment in the BRW article:
The…[Read more]

]]> 05caf4b9062ecefd11d06201f2e6f99b dmichie replied to the topic Property Market heading downwards? in the forum General Property https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/#post-4518849 Tue, 07 Jun 2005 06:56:04 +0000 resiwealth,

My main problem with the way Australia operates (and the kind of thinking that I find at this forum) is that we’ve become convinced as a nation that the one sure way to prosperity is not to work hard and save, but to borrow and invest in property. The obvious flaw in this thinking is that if all Australians did this we would rapidly…[Read more]

]]> 91070c03db48ba77ce668c8dedb32cba dmichie replied to the topic Analysts tip ongoing property decline in the forum General Property https://www.propertyinvesting.com/topic/4380646-analysts-tip-ongoing-property-decline/#post-4519247 Tue, 07 Jun 2005 06:08:12 +0000 If you look at previous housing cycles in Australia a boom is followed by an extended period (5 years or longer) of flat or slowly declining prices. This is what happened after the housing booms in the early 80s and late 80s, and there is no reason to think that things will be different this time. Indeed, the “flat to down” period my be longer…[Read more]

]]> d26de7c6eb9313aab06a704002e28432 dmichie replied to the topic Property Market heading downwards? in the forum General Property https://www.propertyinvesting.com/topic/4380592-property-market-heading-downwards/#post-4518846 Mon, 06 Jun 2005 06:19:42 +0000 I bought a property in 1994 that every body told me i was an idiot
So you bought 5 years after the peak and before the boom. You’re a genius! What about the poor buggers who were still in school/univesity in 1994? They’ve been waiting >10 years for sensible prices to return.

today i am rubbing it in their faces because of the profit i have…[Read more]

]]> bfaa95819c8ccb1336cf875f95b791f1 dmichie replied to the topic Why bother owning a PPOR ever again? in the forum General Property https://www.propertyinvesting.com/topic/4380559-why-bother-owning-a-ppor-ever-again/#post-4518624 Fri, 03 Jun 2005 07:25:10 +0000 Dmichie we have reached concensus before on how to fix this – taxation reform.
It depends. If we do get a nasty recession, and the blame gets pinned on the taxation system for encouraging rampant speculation, we might yet be rid of negative gearing, CGT concessions etc.

The only time a politician of any flavour would have the courage to do this…[Read more]

]]> 1021d8177dde5e15358746041ac3b945 dmichie replied to the topic Why bother owning a PPOR ever again? in the forum General Property https://www.propertyinvesting.com/topic/4380559-why-bother-owning-a-ppor-ever-again/#post-4518615 Fri, 03 Jun 2005 00:54:01 +0000 you should be happy dmichie – if the CAD blows out you will get your much anticipated destruction of the AUD. then painful recession.
Hey knucklehead, don’t shoot the messenger!

I am not the cause of our economic problems. I’m an exporter. I export software developed by my company in Australia to the rest of the world. 98% of our sales are…[Read more]

]]> 1145391e2d9457b40b161a4932c20575 dmichie replied to the topic Why bother owning a PPOR ever again? in the forum General Property https://www.propertyinvesting.com/topic/4380559-why-bother-owning-a-ppor-ever-again/#post-4518612 Wed, 01 Jun 2005 06:38:12 +0000 but I do like the taxable aspects of investing, and would probably still chuck the bucks into IP’s instead of a ppor.
It almost makes you think there’s something wrong with a tax system that encourages property investment but not home ownership.

As John Garnaut put it today:
Most economists agree that the current account deficit has been inflated…[Read more]

]]> d27c920b66ba8769e9488e58fe33ba5f dmichie replied to the topic Positive forecast for house buying bargains! in the forum General Property https://www.propertyinvesting.com/topic/4380509-positive-forecast-for-house-buying-bargains/#post-4518227 Wed, 01 Jun 2005 00:13:50 +0000 Borrowing just to fuel consumption ?????
Yes, we’re borrowing from East Asian countries to buy goods made in East Asia. Our banks are also borrowing from overseas to fund our appetite for housing debt. Very little of our overseas borrowings are going into business investment.

]]> 2ba60a9ec9cf78dcfbe311ad2ab4e858 dmichie replied to the topic Positive forecast for house buying bargains! in the forum General Property https://www.propertyinvesting.com/topic/4380509-positive-forecast-for-house-buying-bargains/#post-4518221 Mon, 30 May 2005 05:05:37 +0000 err.. It was a tongue in cheek reference to this gem
Sorry, missed that one. I was struck down with the ‘flu yesterday, and I’m a bit slow on the uptake today. Perhaps God is punishing me for not being positive enough?

]]> a8d9b1c81a0fd5627cfae87336db6845 dmichie replied to the topic Positive forecast for house buying bargains! in the forum General Property https://www.propertyinvesting.com/topic/4380509-positive-forecast-for-house-buying-bargains/#post-4518219 Mon, 30 May 2005 04:04:14 +0000 F and David – are you backing the 10% forecast interest rates? There really will be blood on the streets in this event.
There would have to be some pretty serious inflation in the next few months for the RBA to get anywhere near 10% by next year. Australians are so heavily in debt at the moment that even the tiniest move in interest rates will…[Read more]

]]> 5d28253039d5abf50c14ab3852be0705 dmichie replied to the topic Positive forecast for house buying bargains! in the forum General Property https://www.propertyinvesting.com/topic/4380509-positive-forecast-for-house-buying-bargains/#post-4518218 Mon, 30 May 2005 03:55:37 +0000 I guess it’s all about the spin.
I thought I tried that with my “Why a House Price Crash is GOOD for your Wealth!” thread. I obviously need to work on my language and make liberal use of the word “positive” throughout futute posts.

PS Happy birthday for yesterday!
Sorry … dunno what you’re on about there.

]]> 29cc57b834dbb9550d54a27bbd5ea25a dmichie replied to the topic Positive forecast for house buying bargains! in the forum General Property https://www.propertyinvesting.com/topic/4380509-positive-forecast-for-house-buying-bargains/#post-4518214 Mon, 30 May 2005 02:11:31 +0000 Foundation, why is when I post something like this I cop an avalanche of abuse, but when you do everyone agrees that a fall in prices is a good thing?

Anyway, here is the Sydney angle on the same story:
http://smh.com.au/news/National/Interest-rates-tipped-to-rise-to-9-next-year/2005/05/29/1117305503675.html
Interest rates tipped to rise to 9%…[Read more]

]]> 2c3bc6bdcb9bb3f949d4cc59e057866a dmichie replied to the topic When to buy in the forum General Property https://www.propertyinvesting.com/topic/4380510-when-to-buy/#post-4518235 Mon, 30 May 2005 02:03:18 +0000 bob the worker wrote:
However, all I know is that after a property cycle peak, it often takes years for prices to recover, after a healthy correction.

For example, after the 1980 peak, there was a drop, and it took 7 years to get back to the highs. After the 1989 peak, there was a drop, and it took about 10 years to get back to the highs. Thats a…[Read more]

]]> aa3e2e2b071d3e504141390268013bb2 dmichie replied to the topic Federal Budget... Good or Bad for Property? in the forum Federal Budget... Good or Bad for Property? https://www.propertyinvesting.com/topic/4380477-federal-budget-good-or-bad-for-property/#post-4517997 Sat, 28 May 2005 04:22:12 +0000 I’m 100% with AUSPROP on this one (yes, I think this is a first!).

IMO, personal income, companies, and capital gains should all be taxed at more or less the same rate (say 37%). This would remove the distortions from the tax system that encourage people to corporatise and capitalise their personal income.

As for encouraging people to save,…[Read more]

]]> 1782672cd46f27ff74f45d3e9da6cfdc dmichie replied to the topic The housing boom is back in the forum General Property https://www.propertyinvesting.com/topic/4380219-the-housing-boom-is-back/page/5/#post-4515998 Thu, 26 May 2005 23:17:23 +0000 Yesterday the Syd Fin Review, had on its front page, “Property Developers are dumping developments sites”
Really? I must pick that up…

Wednesday’s Fin ran this story:
http://afr.com/premium/articles/2005/05/24/1116700707338.html

World property prices on a knife-edge
“World property prices on a knife-edge” reports Corinne Lim. “The private…[Read more]

]]> de8cf7ed365ad38c62b9180ff2f8d72b dmichie replied to the topic Sydney: Sales Volume Down but Prices Up! in the forum General Property https://www.propertyinvesting.com/topic/4380451-sydney-sales-volume-down-but-prices-up/#post-4517799 Thu, 26 May 2005 23:11:13 +0000 Agree completely. My guess is REI turned those figures inside out to find some angle indicating that “now is a good time to buy”
Yes, we desperately need an independent regulatory authority in this country where actual sale prices are accurately (and promptly) recorded, and statistics made freely available to the public.

See the “Where to get…[Read more]

]]> 5aa5124b86ccd4fd3d51b0b0ca2b13fb dmichie replied to the topic Sydney: Sales Volume Down but Prices Up! in the forum General Property https://www.propertyinvesting.com/topic/4380451-sydney-sales-volume-down-but-prices-up/#post-4517796 Wed, 25 May 2005 22:16:28 +0000 dmichie, have you heard of refinancing and debt consolidation?
Of course, but you can’t tell me a lot of your (former) business isn’t people buying new properties.

look for ways to make money whichever ways markets are moving at the time.
But the market isn’t moving that’s the point. Its a standoff between vendors who want too much and buyers…[Read more]

]]> 86a78762138c53dea146c491b915e1bf dmichie replied to the topic Sydney: Sales Volume Down but Prices Up! in the forum General Property https://www.propertyinvesting.com/topic/4380451-sydney-sales-volume-down-but-prices-up/#post-4517793 Wed, 25 May 2005 11:20:37 +0000 Well one thing’s for sure, if turnover has dropped 27% the agents won’t be happy, the banks won’t be happy, the mortgage brokers won’t be happy … no-one’s making money if the market ain’t moving.

]]> 4dfaddf4c5b8225a05f2f8863d379243 dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum No Subject https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/4/#post-4517345 Wed, 25 May 2005 11:16:41 +0000 1Winner wrote:
I have yet to hear a more pitifull statement then “I feel guilty about the money I made”. It not only defies all logic but it screems of anti-values and limiting beliefs so loud that it is deafening.
Clearly I have a very different value system to your own, so lets leave it at that shall we.

Mr Car(stro) from New South Cuba may be…[Read more]

]]> 1da455371bde9696bdde35c3137ac7fe dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum General Property https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517343 Wed, 25 May 2005 10:30:15 +0000 Yes, Qld tried to abolish this a few years ago and it was reinstated within 12 months as it was so detrimental to the state govt.
Really?! its a deduction from federal income tax, how is that possible?

]]> 29550a81a58ae700b4cd5d372e0a1758 dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum No Subject https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517340 Wed, 25 May 2005 09:08:01 +0000 Hey Robin Hood (dmichie), what are your views on taxing everyone equally?
I’m not an advocate of flat tax, I have no problems with a progessive income tax system, but I’d prefer the top rate was lower than 48.5%

The GST is essentially a flat tax (i.e. everyone pays the same) and I’d prefer there were no exemptions.

my biggest complaint about the…[Read more]

]]> d48e614db50819719218935ee8e9671b dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum General Property https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517337 Wed, 25 May 2005 08:30:26 +0000 Oh, and stop feeling guilty about making money.
I don’t feel guilty about making money when I’ve worked hard for it. I feel guilty about making money from sitting on real estate.

If you do feel guilty … start a business and employ people to be productive.
I did, long ago.

]]> 6bd589732329e4a6e4775662f2b764f0 dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum No Subject https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517334 Wed, 25 May 2005 07:55:40 +0000 1Winner:
It seems that you believe achieving a high value in asset’s accumulated by (in your view) “passive” means, is a sin and must be punished. Whoever has not suffered and worked hard to achieve a large capital portfolio is a parasite and must be stripped from his ill- gotten gain
In a word “yes”. I believe our tax system favours speculation…[Read more]

]]> fe81e8a1da078c518aacc8fd47c8f20a dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum General Property https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/page/2/#post-4517670 Wed, 25 May 2005 07:46:29 +0000 The Mortgage Adviser wrote:
dmichie, READ IT…. I am referring to the majority of people WHO ACTUALLY CARE!!!!
Robert, there’s no need to shout, I simply misunderstood what you meant by “majority” that’s all. I now understand what you meant.

bruham wrote:
The trouble with having a property down turn,is that all other segments of industry…[Read more]

]]> 0bd0a5055eeb756b4583d9e7decb0c40 dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum No Subject https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517667 Wed, 25 May 2005 06:17:53 +0000 As 20% is more than 10%, that makes it a majority
I don’t want to be too pedantic, but a majority is generally defined to mean a number more than half the total, and 20% is less than half.

Anyway, I would argue that the percentage of people who are renting (or living with family) because they can’t afford anything is much larger than you suggest…[Read more]

]]> 8bc8578c960032e2827655e36e58f49f dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum General Property https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517664 Wed, 25 May 2005 04:50:59 +0000 Why can not you use the negative to bring up some good points such as how to make money in a down market
Actually I thought I’d put forward several reasons why a down market is a positive thing; improved housing affordability for first home owners, buying opportunities for investors, reduced cost of trading up for existing home owners … that was…[Read more]

]]> 6942d6a3ce5a9d3fc3b9c2866ba34b71 dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum General Property https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517662 Wed, 25 May 2005 03:00:11 +0000 I have just thought of a person that would benefit from a house price crash – DMICHIE
Guilty as charged. It would be nice if a few people here admitted that they would benefit from contiunued growth in house prices.

As for your mate, you don’t sell to rent while prices are still rising. No-one can pick a top or bottom, you can only make a…[Read more]

]]> ca310b8012dc9ac7e3e8183731b83afa dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum No Subject https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517660 Wed, 25 May 2005 02:44:55 +0000 Interesting to see the polarisation of the comments; a crash will either be 100% bad or 100% good. My own view (not Peter Parsons) is that it will be somewhere in between. Good for housing affordability but it will probably result in an economic downturn.

Luci, no idea who Peter Parsons is or what credibility he has (if any). I thought he made…[Read more]

]]> 736f69670b189084a9fc76ec1a0d2326 dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum General Property https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517659 Wed, 25 May 2005 02:29:56 +0000 The Mortgage Adviser wrote:
that means 70% of the populations does not care
Agreed, the vast majority (existing home owners who bought >5 years ago) don’t care. This group might feel less wealthy, but they also have the opportunity to trade up a better property at a much lower cost.

So is this your percentage breakdown?
Group 1 (renters looking…[Read more]

]]> 2286741efb550fb963acc3a9d300da12 dmichie replied to the topic Why a House Price Crash is GOOD for your Wealth! in the forum No Subject https://www.propertyinvesting.com/topic/4380435-why-a-house-price-crash-is-good-for-your-wealth/#post-4517651 Wed, 25 May 2005 01:39:00 +0000 WHO CARES!!!
Someone does [biggrin]

I thought the article made a good point that rather than a house price crash being a disaster, most people in the community (even professional property investors) would benefit. I’m sure many here would see a crash as a great opportunity to pick up some cheap properties.

3 out of 5 groups either don’t care…[Read more]

]]> 72e327bfbca0425b3633c502279dec6a dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum General Property https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517332 Tue, 24 May 2005 23:12:21 +0000 blind Freddy could see the boom has ended in sydney… surely, we are not in denial about that?
I dunno, cmhall seems to think I’m delusional for even suggesting that prices are falling in Sydney.

While it’s obvious the Sydney market is heading slowly south, it is also clear that real estate agents have two very solid reasons to talk the market…[Read more]

]]> 70094e65af0fd0becc01689944a59e23 dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum General Property https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/3/#post-4517331 Tue, 24 May 2005 22:58:45 +0000 What about these mum and dad investors who many years ago bought their holiday home/ investment property in coastal towns of NSW to help with their retirement?
These people are pretty well off by any measure, and have done very well out of just sitting on a property that they bought decades ago. As for retirement, why shouldn’t investment…[Read more]

]]> 0b5e8e3c1395acca320f0759420a2d73 dmichie replied to the topic Sydney Leads the Nation...Downwards in the forum No Subject https://www.propertyinvesting.com/topic/4380375-sydney-leads-the-nation-downwards/page/2/#post-4517324 Tue, 24 May 2005 10:12:11 +0000 you ar delusional in thinking Sydney prices are falling , the prices MAY have plateaued IN SOME areas
The deluded are those who believe that house prices cannot, will not, and do not fall.
BTW, if prices have plateaued then they are already falling in real terms.

more accurately NSW are the horrendous taxes the state govt place on home-…[Read more]

]]> 4d440b5d9dad8f2f209b3de031edba2d dmichie replied to the topic UK Price Data in the forum General Property https://www.propertyinvesting.com/topic/4380421-uk-price-data/#post-4517576 Tue, 24 May 2005 07:19:29 +0000 11 consecutive months of falls doesn’t sound too healthy to me. Also, 2.3% doesn’t sound like much, but if inflation is say 3%, that’s a fall of >5% in real terms.

Somehow I can’t see this chart stabilising, or gently falling back to earth:
http://www.housepricecrash.co.uk/forum/index.php?act=Attach&type=post&id=501
It could happen, but it seems…[Read more]

]]> 56257fb61d44dd824aa933f81d1bf2b5 dmichie replied to the topic Banks warned against 'drive-by' home valuations in the forum General Property https://www.propertyinvesting.com/topic/4380416-banks-warned-against-drive-by-home-valuations/#post-4517556 Tue, 24 May 2005 07:04:26 +0000 Yes David Morgan was at Westpac during the last property bust (not that there are property busts of course [biggrin])

One of the big banks has got to be wrong
http://smh.com.au/articles/2005/05/16/1116095907818.html

Westpac keeps its powder dry
http://www.smh.com.au/news/Business/Westpac-keeps-its-powder-dry/2005/05/05/1115092628749.html

]]>