This article?
http://www.smh.com.au/news/national/homes-lost-as-rates-bite/2006/09/09/1157222376383.html

Originally posted by elkam:
Why gold?
[blush2]
Primarily because I am a gold-bug. Around 4 years ago, I started reading Austrian economic theory, and found that many commentators who held Austrian beliefs were also gold-bugs. Some were predicting an imminent boom in the gold price. Pleased to be able to combine my gold-lust with investing, I…[Read more]

Originally posted by Mortgage Hunter:
I’m with Scott. They hear of an extreme example and make a story suggesting it is the norm.

Doesn’t this:
Based on properties selling between 2003 and July 2006 for data reported to APM prior to 24/7/2006. A total sample of 4526 properties were used.

That said, when one assumes average buying and sell…[Read more]

Of course you can withdraw voluntary contributions from super – which I assume is what we’re talking of here, as direct investment in houses is near impossible under compulsory contributions.

Originally posted by World Changer:
we just need to be careful listening to reports from the media and taking that as truth for what the property market is doing just from 2 examples. This is the stuff that changes the market as people listen to what they hear on the news etc and act accordingly as if it was gospel.

As I pointed out on another…[Read more]

There is a name for this – ‘stoozing’.
And Terry, $700 pa would be considered by many to be quite cashflow positive…
F.[cowboy2]

Spend less than you earn, use the difference to repay your debt. Sell the stuff you bought with the debt in the first place.
That should about do it.
Cheers, F. [cowboy2]

Wow, so many typos, spellos and excess commas. I swear it’s either the work of the devil or perhaps just the cans. Apologies to the grammar police.

In summary:
there is a massive fundamental difference in the Australian economy post-1970 vs pre-1970
35 years is a very short time, economically speaking, and to project future asset prices based…[Read more]

…Continued…

In a few short years the total rated (read conservative) value of ‘Victorian’ properties had doubled, but this understates the real gains made by many property-speculators. Prices per square foot of street frontage in inner-suburban Melbourne had doubled, then quadrupled in just 5-7 years.

What many ‘investors’ (speculators)…[Read more]

Ok, so here’s another installment. I thank you readers for all your comments, both positive and negative, posted and PM’d. This latest episode cost me 11 pages in the A3 notebbok and 4 cans of beer, so I welcome all kinds of feedback.

Last posting, we discussed Inflation, Deflation and Hyper-inflation. I wrote more last night, but didn’t reach my…[Read more]

Under the new rules, those aged 60+ can withdraw funds from their superannuation tax-free. That is, regardless of employment/income situation etc, they can take small or large lumps out and not include this as assessable income, as I understand it.

Direct share investments or real estate have capital gains tax to pay, and are therefore less…[Read more]

Originally posted by depreciator:
In the telling and retelling of the story about that 42% drop on that Sydney property, people are forgetting that the original story stated that the place needed $40K of ‘essential repairs’.

You’re implying that this is an isolated case! Not so.

Here’s more from Louis Christopher, the from the company who…[Read more]

Hi Alexpk,

As per my PM (I figured all the work you’ve done deserves a BUMP!)

You’re living my dream. I assume your writing skills are better than mine. Eh, maybe one day I’ll be good enough to get something published that isn’t classified as a ‘technical report’ (ie never read by more than 6 people, all of whom either contributed directly or…[Read more]

Let’s review

Under a gold standard – the money supply can only grow at the rate thate god is mined and added to deposits. The total money supply = total gold in existance.

Under a fiat currency – the money supply can grow through the addition of money due to printing of new notes or through the addition of loans.

Under a gold standard -…[Read more]

Yes, this is a viable option. Commonly called Sell To Rent or STRing. I’m in the process of doing just this very thing.

F.[cowboy2]

Originally posted by tony wpb:
Hi crashy ,

still waiting on that calculation , or dont you understand it ??? ASX 100 and ALL ORDS ??? Keep searching ….
I like the price/dividend ratio myself, by price/earnings (PE) is commonly accepted. Your point being?

F.[cowboy2]

Note: I do not advocate buying into shares willy-nilly at the current point…[Read more]

… and let’s add Sydney’s capital growth since 2003 shall we? 32% of properties resold for a gross loss, 59% resold for a net loss after costs, figures much, much higher if holding (interest/rates) costs are included…

The question related to yield, my answer was about yield.

F.[cowboy2]

ps if its cap growth you’re after, I think my gold and…[Read more]

Let’s see, deposits:
BankWest 6.6
Citibank 4.75
Citibank 5.85
Commonwealth Bank 5.85
CUA 5.65
Easy Street Financial Services 5.95
Encompass Credit Union 5.6
HSBC 6.2
HSBC 4.75
Illawarra Credit Union 5.25
ING Direct 5.85
Members Equity Bank 6
National Australia Bank 5.9
Power Credit Union 5.4
Select Credit Union 5.85
St. George…[Read more]

Sorry, but I pay quite a bit of tax. About a third of it goes to welfare recipients. I don’t think somebody with over 1.5 million dollars in assets should be entitled to a slice of my hard-earned every fortnight.[angry2]

F.[cowboy2]

So half a dozen people overpaid for houses a few years back? So what? That doesn’t prove a crash!

…or does it?

Here’s more from Louis Christopher, the from the company who produce the official figures used by ABS/RBA etc.

Sydney Edition 24 August 2006

When is a crash… a crash?

An interesting story came out earlier this week, which wa…[Read more]