ummester wrote:
….more being sunk into invention and productivity will be beter for Australia overall.

We are in complete agreement on this point. This may be the biggest challenge our nation is facing right now. I reckon we all start talking about this more with our contacts, friends, family and colleagues. The media and politicans will…[Read more]

kong71286 wrote:
Apologies for the inconvenience emptyvessel.A lot of the information was new to me, and being a new investor I am quite emotional I just had the urge of sharing the video and warning others as soon as I saw it. I know a lot of friends and family have rushed to buy properties under the belief that property prices always go up,…[Read more]

gelster wrote:
the driving force for housing price is supply and demand

I am no economist, but isn't that the same for any market?

Can't wait to watch it.Took a look around that site. God, don't spend too long in there or you will end up hiding under your bed in the foetal position, wearing a tin hat and crying "momma".Self-fulfilling prophecy is a term that comes to mind. Aka – Be mindful, you might just get what you wish for. Where your thoughts go, your energy…

kong71286 wrote:
I agree that Today Tonight can be biased at times, but thought I'd share the link anyway as it relates to this topic and a lot of the discussions that have taken place in this threadIssue of affordability and how some buyers have been speculating only to end up with negative equity Impact Carbon tax and any interest hikes could…[Read more]

Even if China slows down, we have India coming right up behind them on a slower, steadier and some would argue, far bigger climb with a bigger impact on our economy.

kong71286 wrote:
Property Plunge – (Today Tonight) http://www.youtube.com/watch?v=oE20DWnsEpo

Nobody takes Today Tonight seriously. I haven't watched the video link, but I am sure it is classic sensationalist journalism. Remember, the majority of the media gets paid to attract viewers and sell advertising. NOT to report anything in the best…[Read more]

Nice one fWord. I learned quite a few things there I didn't know before. Today is a good day indeed.Here is a post on the macro economic factors, with no mention of property. It presents a nice balanced view of both the bear and the bull;…[Read more]

From a previous post from someone asking a similar opinion about Destiny Financial; https://www.propertyinvesting.com/forums/property-investing/creative-investing/4333270Yes, my wife and I are "Platinum" lifetime customers. I think we paid around $5k all up. Besides initial training, we have a property acquisition plan and timelines. I can attend…[Read more]

jcz wrote:
Nutzcraw, Having worked with Destiny closely in the past, I must say that they are pretty good. They have thousands of investors on their books and many of them are repeat clients (also due to the high cost outlaid). However, like Andrew_A said, there are lots of choice out there and you have to make sure that the investment…[Read more]

Qlds007 wrote:
Couldnt agree more with Andrew.Although it sounds convenient to have a one stop shop you have to ask yourself how much are they earning for the convenience.Buying a property and paying over the odds because someone held your hand along the process is not the way to start your investing career.CheersYours in Finance

Good general…[Read more]

Andrew_A wrote:
There's actually a lot of choice out there!Look for someone who is truly independent, not actually selling you a specific product but prepared to help match a property to your exact needs.

Wrong. Shows a lack of understanding of what Destiny offer.Shame, normally both you and Richard offer the best advice I have ever seen.Even…[Read more]

nightelves wrote:
Hi guys just wanted to know if anyone here has done education course with margaret Lomas. If so can you please share your experience?

Yes, my wife and I are "Platinum" lifetime customers. I think we paid around $5k all up. Besides initial training, we have a property acquisition plan and timelines. I can attend the course…[Read more]

ummester wrote:

emptyvessel wrote:
Interesting theory. Are you able to elaborate in more detail how you came to this conclusion?

Simple. If less is spent on housing more can be spent on other things – investment in productive assets, invention, science, arts – whatever.

Ok, I am listening. Can you give me a few examples of how the money an…[Read more]

ummester wrote:

emptyvessel wrote:
Nothing good can come from being negative. Nothing.

IMO (just to clarify) cheaper houses are better for society as a whole. So negative sentiment around specific things can generate positive outcomes.

Interesting theory. Are you able to elaborate in more detail how you came to this conclusion?

I will do that, when I buy one (NRAS) in a few years. Right now, plenty of opportunity outside NRAS for me.I will certainly ask every valuer I speak to about how they treat NRAS. And will post here on my results.

gmh454 wrote:

emptyvessel wrote:
The market is not crashing. It will be fine. End of story.

it all lies in perception,

Actually, I am not so sure this is true. Example; My general "sentiment" or "perception" of the market may be negative. However, my technical and fundamental analysis of the market (or a subset of it) gives an "upwards…[Read more]

I do think it is convenient that they are forgetting that you can pull your property out of the NRAS scheme at any time.If you do pull it out of NRAS, doesn't it then just get valued as any other equivalent property? The so called "pool" of buyers now includes standard non-NRAS buyers. So standard valuation should apply.

gmh454 wrote:

emptyvessel wrote:
The market is not crashing. It will be fine. End of story.

you need to add "imho"and if everyone's opinion is the same as yours , …. then you are right,    ….if however everyone's opinion is otherwise, then down we will go (not arguing about the gradient of the slope here) , but down it will be, for how lo…[Read more]

That's a bummer. Steers me away from NRAS for the next few purchases. Just won't help me use equity growth to fund further purchases.That said, they could fit extremely well in the portfolio later once I have the base growth engine ticking along nicely. i.e. NRAS tackles the cashflow side of the equation nicely and could offset the significant tax…[Read more]