Wynyard wrote:
What would a family, with two toddlers, who have lived in inner city Melbourne most of their lives, built up social networks, jobs and a life (it was affordable to rent until the last five years) do on a $40,000 household income? I did some rough maths on rental properties of $300-$350pw, and there's nothing left each week, even…[Read more]

bardon wrote:
True wealth is appreciating what you have now

Philosophical, but true. I'm happy to admit being financially poor, but rich with all the love from my family.

pharvie wrote:
It does not matter if there is a loan, but has to be actual attributable equity, in other words a $US1m house with a $US500K loan = only $US500K actual equity. Logically 'x' number will be using gearing for appropriate asset classes.

I see. This makes sense then. Otherwise we could have more people out there wielding…[Read more]

pharvie wrote:
The stats show there are ~174,000 millionaires in Australia (~0.8% of the population) – a millionaire is defined by $US1m or more in tangible assets like cash, property and equities outside of the family home (eg, junk like cars, boats and jet skis are not assets). What this stat importantly tells us is that 99% of the population…[Read more]

pharvie wrote:
An interesting thing about successful investing psychology is that because you are always dealing with probability, you know sometimes you will be wrong. You actually have to like losing money, but only carefully predetermined amounts of it.

This statement is very true, and humorous in a very dark sort of way. Admittedly I have…[Read more]

johnrisk wrote:
The smart money leave clues they cannot eliminate, which is indicated primarily in volume and accumulation patterns. Look to volume flows as a guide, sometimes these volume flows are simple to decipher, at other times more difficult.A good example at the moment is the USD. Over the last year there have been record volumes flowing…[Read more]

johnrisk wrote:
Yes precious metals is an area that has done well, and the smart money entered 10yrs ago, holding until these metals are over valued (appropriate valuation of precious metals being on of the most misunderstood aspects of financial analysis). My  point is that smart money would not be buying large amounts of property relative to t…[Read more]

johnrisk wrote:
Smart money is and has been flowing into assets that will do well during inflation.

<moderator: delete flame> Care to elaborate on what assets those might be?It's well and fine for people to say, 'Oh, don't invest in this', or 'oh, don't invest in that either'. But certainly then, these people should then be able to say WHAT we…[Read more]

More to the point. Looking at the stock market (which isn't going anywhere in a hurry) and the property market (which people are saying is overpriced and set to crash), where the hell is all the smart money going?What should we invest in? Pig's ears?

god_of_money wrote:
Hm.. no further comments??

We should probably review the discussions of this (and similar threads) topic constantly. But it would be very interesting to see how everything went in the next couple of years.

irina87 wrote:
You can become rich even earlier. The only thing you need is brains.

Man, I must be missing a brain (or two).

The author is in a very enviable position: only 28 years old and needing to work only 2 days a week. Most people at his age need to work 40-hour weeks and still have difficulty buying a house.The biggest lesson that I seem to glean from his article is this: when investing, start young, start early, and let time work its magic.The second biggest…[Read more]

DWolfe wrote:
I can buy sites till I'm blue in the face but when it involves us living there it is tricky.

This is something that would weigh heavily on my mind also, and a good reason to choose Wantirna over Bayswater. However it is likely that you are buying with the end result in mind.

DWolfe wrote:
fword, witches and robbers must have been…[Read more]

Tough choice, and no wonder you're in a bit of a pickle over this. Ordinarily, I would take location over everything else, at least to a certain extent. I also once read in an article about some 'expert' who stated that if you had to compromise because of budget, don't compromise on location. Compromise on land size.If your family wanted to live…[Read more]

On the topic of creating affordable housing, would increased supply of government subsidised housing help the situation?In Singapore for example, the government owns many, many large blocks of apartments that are sold direct to the public on a 99-year leasehold period (the leasehold period applies to a large proportion of other property in…[Read more]

toe wrote:
My quote says "if there's a crash it will be due to wider economic conditions".

Agreed with this. There is an impression by some that the property market simply has to crash because the growth in property prices has so far outstripped inflation and the growth in wages, and that property buyers are simply speculating and using…[Read more]

ummester wrote:
So, out of interest, how many PIs from this forum are trying to sell now?Are you willing to drop prices enough to undercut similar property and get a sale, or are you determined to get a minum price?

Good question. Personally, I'm fully invested and not selling. Whatever happens, I still need a house to move into ultimately, or…[Read more]

AussieHousePrices wrote:
fWord – I think we've gone as far as we can with this debate.  Was fun – cheers.

Thanks AHP, it was a good one. There's another thread that I've been following and you might have seen this one as well:https://www.propertyinvesting.com/forums/property-investing/general-property/4335661It's an interesting read and…[Read more]

god_of_money wrote:
Wooo… nice argument… can probably write an essay

ROFL I think it's hilarious too. Hope they make it a sticky.And no, it's not an argument. It's a healthy debate. And this debate was extremely enjoyable.

AussieHousePrices wrote:
You’re spending a lot of time making a point that I’ve already made – that the more expensive areas rise and fall by the biggest percentage.  Personally, I wouldn’t take that to mean it’s OK to hold throughout the downturn.  It could, for example, take 20+ years to get to its pre-bubble peak.

No, I'm not confirming…[Read more]