I think you are bang on Philip.The only people who feel it are the poor. I rent in an area where there are 20k new residents coming according to growth figures. The residents are up in arms about higher story buildings and more people. The developers are being called fat cats etc and the current residents do not want more houses. The median house…[Read more]

Hi usual gang,''In contrast to claims that the decline in home values recorded in June would accelerate, we have seen quite the opposite,'' said managing director of Rismark International Christopher Joye.     Read it carefully."Home values in Australia's most expensive suburbs fell more in 2008, rebounded quickly in 2009, and are now t…[Read more]

I too have to say I felt a bit sorry for you "wifey". Gee with a husband like you who needs enemies. I view my other half as the other half of my team. Most real estate agents just either see the woman as either the ball and chain who will say no, or the one to try and convince as the wife will convince the husband.I have to say though, that our…[Read more]

Thanks for this number 8, please keep posting your controversy.You forget the banks are in it for the money, purely and simply. How else can they post huge profits every year. The sad part is that mum and dads have nowhere to really go for unbiased financial planning. I am sure you are as unbiased as you can get, but others are paid to promote,…[Read more]

*Snap* APerry got you good.The best advice I can give you free is to do your research. Then when you have done that then act. It is all about action. No one ever maid any money sitting around doing nothing, they did something.Listen to everything then sort the rubbish from the facts. Keep plugging away at it, don't make excuses for things and get…[Read more]

Lol, those Mayans sure were smart! Do you think 2012 is year of the bear ;PD

That was a nice positive post Banker. (not about the lending tho)It will be interesting to see the speculation then what actually happens. Firm strategy and understanding of risk as well as exit strategies (plural) are also helpful. Magic 8 ball what will happen tomorrow?

"ask again later" D

So eloi,Having said all that, what are you buying? Not property. Gold maybe? Oil? Or maybe bonds? So maybe you should be on the gold forums…or whatever you are investing in I don't understand why time and time again people think it is necessary to come on this forum and convert all of us "sheep" Baaaaaa. If you don't think property is a good…[Read more]

I think if we combined this thread, the property bust 09 thread and the property bust not here yet thread we will have reinvented the wheel over again. Bears be bearish, bulls be bullish lets just all make some money. Sitting in the corner and whimpering because it is all to hard it what most people are doing already so I don't think Kochie is…[Read more]

USA has a delightful thing called a 50 year mortgage. (uhh)  They have jingle mail – post back your keys, walk away no more to pay. They have many, many problems. Australia is not perfect but once govt stability is returned will become an investment darling. Not what it once was but still will attract.We all will live to see many many more cycles…[Read more]

Who says people are not selling? Depends on the area. Please take into account people such as me who are looking to manufacture profit, we don't fall into wait and see capital gains or rental income driven investors. Also we are not taking into account the 80% of people who really want to own (pay a mortgage) their own home. The property market is…[Read more]

That was a ripper Richard! Congrats!D

Good points JacM! D

Hi all great thread.I wanted to buy property forever but was talked out of it by friends (long ago) bought Steve's book when I was a young thing but took a good couple of years to get our first property. We bought in Perth in 2003. Little villa which doubled in value. We lived in that for 3 months. Took us 2 years to buy the next one due to job…[Read more]

Hi gang,Depends on the area. We want to move areas and rent somewhere else. Each open has a queue and also has so many people you can barely see the house. Even where we are renting now we were lucky because we were the 1st people through the door.If there is an oversupply in an area then rent needs to be under what everyone else is charging. We…[Read more]

I love the emotional headline!Yeah, can't compare apples and pears, or Sydney and Perth property markets for instance.D

Yeah investing seems to be littered with grumpy old men! I read that article, seems like a rehash of the other article really. Blah, blah, negative gearing, blah, blah overvalued.So. What do these people have to gain from this. Anything? Switching people back to the share market? What do they have to gain from promoting bearish sentiment in the…[Read more]

Hey Sonyasal,Where'd ya get Cashflow for kids?D

Hmm,Philip I never questioned, you, your talent, or anything to do with you personally.The points were what I personally took from that article.Sorry, I'm not much of a gambler so I won't be able to indulge you.If my replies seem aggressive to anyone I apologize I do not mean to give offense I am merely stating my own opinion.I am sure I am still…[Read more]

So major points,- Don't buy for growth,- Don't massively negatively gear- Don't listen to the news or the masses- Don't follow the rest of the sheep to the slaughterhouse- Do buy and add value- Do use lower leveraging- Do sell under-performing assets- Do buy property that is positive cash flow even without gearing benefits D