Love to oblige:
Year Sydney Melbourne AveWage
1974 31,800 25,500 6916
1975 34,300 28,700 8070
1976 36,800 32,900 9120
1977 39,200 37,000 10378
1978 43,200 37,600 11364
1979 50,700 38,000 12296
1980 68,850 39,500 13550
1981 78,900 44,000 14824
1982 79,425 46,750 16366
1983 81,425 52,500 18248
1984 85,900 65,000…[Read more]

Oh wait, here we go:
The Validity of Arguments Against Negative Gearing
14. Advocates of negative gearing claim that when it was abolished temporarily between 1985 – 1987 there was a substantial increase in rents.

15. There is evidence that the increase of rents was limited to only two of the capital cities and furthermore was not caused by t…[Read more]

Originally posted by nkibel:
The last time an Australian government abolished negative gearing was in the mid 1980s by then then worlds greatest treasurer. The rental market nearly fall apart.
I’ve heard this a number of times, yet the charts and graphs I have indicate this may be a myth. There was no spike in the cost of renting etc. Do you have…[Read more]

Ignore the negheads Luke. I think those 111m^2 (including balcony) one bedroom ‘Reflections’ apartments are a steal at the best part of a million dollars.
My fancy is tickled. Care to share a bit more info? What could I expect to rake in per week in rent?
Golly I’m excited.
Thanks, F.[cowboy2]

Hey dude, I’m just staying poz’ man… You look like you could use some candy… ([chill])…
Howz that? Better dude?

+1 Karma, F.[cowboy2]

Nope, they were looking at it, but it’s right off the burner now!
Link Here
God do we ever live in the lucky country!? Here we are with a government who hand out more in tax deductions on investment properties every year than they take in tax on rental income. What a great idea!

Cheers, F.[cowboy2]

Originally posted by Colin Gowan:Does anyone have actual figures for a proper comparison of incomes compared to house growth?
How about David Rees Commsec Presentation for the graph of house prices to wages on page 13 (extends to -100 years). Don’t forget to add a bit more of a hike onto the end to account for 2002-2005.
This proves conclusively…[Read more]

No sarcasm here Rob. No need for education either. Welcome to a whole new me.

Y’see I was a bit bored last night and my mind was full of happy thoughts after watching all the up-and-coming brilliant minds on Big Brother (the only TV show worth watching) so I downloaded and read a few ebooks. I am a changed person.
First I got stuck into a book by…[Read more]

[biggrin][biggrin]
…took me a minute tho’!
[blink]

I’m sure others have thought about this scenario tooYes, first home buyers for starters! The foundations into which the property ladder is bolted. Why on earth else would estate agency inventories be expanding so rapidly at a time when transactions (read buyer demand) are shrinking and first time buyers are shrinking as a proportion of…[Read more]

Here’s the other amazing thing, and why I am so completely positive about the future of our wonderful, happy country – According to Treasury figures, the total private net wealth in this country is equal to an average $250,000 per man, woman and child[1], of which 63% is real estate! That’s $157k per person! Even more amazing is that only 69% of…[Read more]

My dearest Peace-love-sunshine,
How much do you need to live on? Let’s say $100,000 per year. If you buy $400,000 worth of house/s now, they might go up or down in value for a bit, but over the long-term (say 7-10 years) they will double in worth! Why? Because that’s the rule. Howz that for love?
You can then retire, drawing on some of your $400k…[Read more]

Let me get this straight – you want to rent this house from the bank (admittedly with the option to buy it at current price at any time) for $35,000 per year and then rent it back to somebody else for less? I take it you are absolutely confident that this house will appreciate in value? How much capital gain do you require over what period of time…[Read more]

Uh, good luck. I really mean that.
F.[cowboy2]

Originally posted by Colin Gowan:
A buyers market is when the majority are selling.
A sellers market is when the majority are buying.In real estate agent land maybe. In clever investor land:
A buyer’s market is when you can buy an asset for the lowest price with the highest yield, most capital gain potential and least chance of capital loss.
A…[Read more]

I’m thinking of investing in a few tulip bulbs…
or angora goats. In the meantime I’ll probably take out a large margin loan (with interest prepaid of course) to buy shares in the South Sea Trading Company.

Can I claim travelling expenses against blackjack card-counting winnings? What if I bugger it up? Can I claim a new shirt for my back?

I…[Read more]

Originally posted by redwing:
PS- If rates go up and property prices are staying flat..why the *heck* would you wait?Brisbane house prices aren’t on average or the whole currently increasing. Short of a miracle there is no reason for them to do so in the foreseeable future – in fact the experience in the areas that boomed first and recent REIQ…[Read more]

Originally posted by jewel:
Should I wait till next year ?
YES!

Hi Steve,
A Property Market / Economics forum category would be great. Some people have no interest in such matters, others could spend all day wallowing in statistics & predictions ([biggrin]). A photo gallery (where misuse would result in a ban) would also be great for showing off new purchases, projects & reonos and displaying charts.
Apart…[Read more]

Originally posted by first_timer:
I want to buy house to save DEAD MONEY going in form of rent.Will not the interest repayment (ie an alternative form of DEAD MONEY) be more than double the DEAD MONEY under your current arrangement?
F.[cowboy2]