Marshes wrote:
Does anyone know what this dob in line is ? i did a google search and couldnt find it.

Honestly I haven't tried looking for it. I'm so nauseatingly disgusted by the thought of such a scheme that I'm hoping the number will never be found by anyone.

god_of_money wrote:
If I have millions of dollars… I will of course buy the properties in Syd/Melb/Bris (as they will never go to ZERO value)

More to the point. If you buy substantial, well-located properties in these areas, you wouldn't lose money over the long term. Now that's my prediction in terms of where the property market is…[Read more]

In the past I said this before but I'm going to say it again: Yer pays yer money, and yer takes yer chances. Nobody has any clue which way the market is headed. If it were this easy to make money, financial advisers and stock market chartists wouldn't exist. They'd be living the high life in the Bahamas, not talking on the news about which way the…[Read more]

blaze wrote:
i was thinking like clayton, oakleigh, glen waverley, blackburn, and wonder if anything is closer and yet still within my range.

My suggestion is, if you're looking in those areas for houses within your price range, then buy already and get your foot in the door. Because it won't be in your price range for very much longer. I…[Read more]

wealth4life.com wrote:
In 1980 a millionaire bought a waterfront in Hunters Hill Sydney for $400,000.00 today the same property is worth $6 million dollars so how much is a millionaire worth today to be called a millionaire?

'Millionaire' is so 'yesterday'. These days, 'billionaire' is all the buzz.It is sad when we think about how 'cheap'…[Read more]

blaze wrote:
…but houses in east/ south east/ bayside zone 2 area still under 500K, definitely!

Uh, yeah. But not anywhere 'close' to the city. When I think 'close', I think within 10kms of the CBD. There's plenty of cheap housing out there. For example, Tyabb…Hastings. Cranbourne? Tick. Narre Warren? Double tick that. But do you…[Read more]

karen. wrote:
so if u take the whole process into consideration from beginning to end will walk away with $50k in the hand, plus whatever tax benefits we had last year and this year.  

That's fantastic! Can't argue with an extra $50K…it'd take me more than a year to earn that from my job too.

Nice job there. It was a good time to buy back then, before it got super-duper crazy in the second half of '09. People who did buy in that second half and under competition probably overpaid but the market might have caught up already by now.Just out of interest however, after costs of selling and capital gains tax, how much profit did you get?

Haha, I think this whole thing is a joke. Nevertheless, humour was one of the things requested, amongst other things like 'help' and 'advice'. I'm stuck in the shits myself and hence no advice shall be given, and neither am I well-endowed enough to help, so humour is the way to go.By the way, while we're at it…my dream house is a 2 bedroom, 2…[Read more]

god_of_money wrote:
People will flock into safe haven invesment again…..

This is precisely the reason cited for the AU$ hitting the pits of late, and no end in sight, it seems.

Hi there, EM,I'm a large investor with significant holdings in both shares and property. My portfolio has been expanding over the last 12 years and the sole beneficiaries are people such as yourself who require a roof over your head and basic necessities for life. We do not judge by socioeconomic status, race or age.Unfortunately, our company will…[Read more]

IMHO there's no such thing as 'too late to invest'. It's only 'too late' when you're priced out, otherwise if you take a long term view I'm sure everything close to infrastructure is going to be worth its weight in diamonds eventually. Property works this way obviously because once you put your foot on a property and make it yours, nobody can take…[Read more]

If such properties still exist, I'd like to know where they can be found also. Hope to see some recommendations.

It is doubtful that anybody will be able to give you accurate advice on where interest rates are headed…we can only advise based on the information we've had in the last year. This doesn't indicate what is set to happen in the future. Case in point: back in March there was an article in the papers where a number of RE agents were questioned…[Read more]

In other news, clearance rates in Melbourne seems to have dipped below 80% for the last two weeks. Not that it's necessarily indicative of what's going to happen in the market. But prolonged periods at low to mid 70's would turn the tide in favour of buyers (finally), and vendors can cease to command what looks like ridiculous (historically)…[Read more]

A common feeling amongst the aged is: 'I wish I had taken more risks in life.'If you get ahead while riding on the waves of what people initially perceived as a 'bad idea', nobody is gonna knock on that! Do what works for you. Obviously risks mean opportunity, BUT some are more risk averse than others.Haha, just wanted to make the word 'but' stand…[Read more]

Reno Queen wrote:
The house I was interested in has had an offer of $600,000. This price is amazing to me. A small brick two bedroom place.I think we have been priced out of the Melb market and will just have to buy in Qld it seems

Some of the prices these days are indeed exorbitant. Up the street from where my parents live in Templestowe was a…[Read more]

An additional simplified comment is this: times are now good for those who own two or more properties, and particularly bad for those who actually own none and are trying to get in.I don't think there's a bad time for property per se in the current environment of overwhelming demand.For the average worker with a mortgage I can see the potential…[Read more]

I don't think you necessarily need to invest in a dodgy area (ie. high crime area) to get good returns on a relatively small investment. Some would recommend rural areas/ regional to you, but I have no knowledge in these. Also, I think high crime and low socio-economic status can occur in supposedly prime and edgy areas close to the CBD. In…[Read more]

Not everyone out there loves what they do, or the job they have. I'm one of those people. Yes, I'm thankful to have a job and to be able to see a paycheck every month, but work takes up 75% of my waking hours. And no, I don't like my work!To me, retiring is not about doing nothing. 'Retirement' means to be able to work like you don't need the…[Read more]