On the other hand it sometimes appear that 'herd mentality' can be wrong, or at least, by going against the 'instincts' of everyone, you actually stand a better chance of getting ahead. So when it's all doom and gloom, that's the best time to buy, not stand there and make water in our pants.Unfortunately almost everyone follows herd instinct. I…[Read more]

Matt_Arnold wrote:
Yep…   the economy (the share market is one of the best examples) is predominately driven by emotion.

Cases in point would be a) how the economy seemingly rebounded overnight last year after all the talk that we were in for the worst ride of our lives, and b) the recent dip in the sharemarket caused by some big shot o…[Read more]

Best way to create a crash IMHO, is abolish negative gearing.However, that crash will be accompanied by riots and a war, so in essence, it's just not going to happen. Really, do the seat warmers up there really care who can and who cannot afford property? I don't think that's their biggest priority.

To be brutally honest, I'd be humoured to see what 400K and under would buy. One of the things I was looking at in that price range was actually St Kilda apartments, but as with anything there's always the issue of supply and demand. Gut feel tells me there's a lot of apartments floating around there and vacancy rates are probably a little higher…[Read more]

Well I'm no expert and can't advise on the intricacies. But looking at that info, if you're having trouble making repayments, I'd be switching to an interest only loan attached to a 100% offset account, and then save every single cent and rent into this offset account. There's obviously no point in trying to fix now because the fixed rates are…[Read more]

Well I've said this many times before but I'd say it again:Bring on the crash. I'm WAITING!!

Heheh…I was reading the first post of this old thread and thought to myself that hindsight is a wonderful thing. If I had bought anything, ANYTHING at all during Mar/ April last year instead of sitting on the fence waiting for property to collapse, I would have made lots of money by now. During that time however I indulged in dinner conversation…[Read more]

DWolfe wrote:
My one question for this is,Do foreign investors bring their own money over or do they buy with funds borrowed from Australian banks?

Well I couldn't answer that with any degree of certainty. But based on what I've read at least, I'd be betting that foreign investors are indeed bringing over their own money, or otherwise getting…[Read more]

wealth4life.com wrote:
The latest Westpac Melbourne Institute survey found a fall in the number of people believing that ''now is a good time to buy a dwelling''. The proportion agreeing slid from 62 per cent in December to 42 per cent in March. Those believing the wisest use for savings was ''paying down debt'' climbed to 27 per cent.

I…[Read more]

sonyasal wrote:
this would be helped even more if the governments and big business put a bit more thought and effort into decentralising some businesses. With technology today, emails, video teleconferencing etc. you do not have to have businesses set up in the middle of the city to be profitable and/or successful. Moving to outer suburbs or…[Read more]

sonyasal wrote:
this would be helped even more if the governments and big business put a bit more thought and effort into decentralising some businesses. With technology today, emails, video teleconferencing etc. you do not have to have businesses set up in the middle of the city to be profitable and/or successful. Moving to outer suburbs or…[Read more]

johann22 wrote:
Hi,Thanks for the reply. I earn about 90k at the moment at the age of 25. I work 6 days a week and i usualy do 65 to 70 hours a week. Where i would be comfortable earning 70 to 90k in another job role. I have had sales experince since i was 18.I think the reason why i am tired as well in just 4 months i have done this: Bought one…[Read more]

DWolfe wrote:
By the way how is everyone in Perth going? Nice and slow over there pre-lunacy which will come in the next year or so? Everyone is very busy looking this side of the country.D

Hey D, how about Adelaide? Got a cousin that studies there and was looking briefly to see if anything was affordable.The bubble is a strange thing. Honestly…[Read more]

Big question is, how much does your job currently pay? What do you perceive to be a high-paying job? Are you looking for $40K, 60K, 100K per annum?The most common saying I hear is, 'Money is not everything.'Well, I'd rather turn that on its head and say, 'Job satisfaction is not everything…either.' Not to mention if you actually have…[Read more]

mrproperty wrote:
thanks for your advice  , v8ghia  there was an article in the paper a couple of weeks ago which was aparently done by Australian Property Monitors , it outlines future growth for most of melbourne over the next 3 , 5 and 10 years periods , I was just wondering how accurate it was that was all. cheers

I read that article a s…[Read more]

Bet the fixed interest rates of old are starting to look really attractive now. 3-year fix at 6.39% anyone? That was mere months ago. As families are forced to cut back their spending and put it instead into their mortgage, certainly retail sales will suffer. I too, believe that 8% would be the tipping point. Cross that by a margin and nasty…[Read more]

Bet the fixed interest rates of old are starting to look really attractive now. 3-year fix at 6.39% anyone? That was mere months ago. As families are forced to cut back their spending and put it instead into their mortgage, certainly retail sales will suffer. I too, believe that 8% would be the tipping point. Cross that by a margin and nasty…[Read more]

sonyasal wrote:
Their set up costs, rent etc are heaps cheaper here than what they would be in any major city..

Which is probably why people don't understand why businesses need to have their hub in the heart of a CBD when a small branch there would do. Some businesses however, appreciably will take some effort to get working in a rural…[Read more]

sonyasal wrote:
Hey, come to regional areas, my block is 975sqm, and don't i know it when i have to mow the lawn!!! I live 7 minutes from work 3 minutes for two shopping malls, cinema, bowling alley, numerous restaurants and free parking!

Haha, I bet you wish there were a couple of sheep you could rent to clean up all the green waste in your…[Read more]

Investors Zorba wrote:
The property market in certain states is over heating because of simple supply/demand scenario. it's not the investors driving up prices but the in action of state govts not cutting enough red tape top release more land. also the huge amount of various taxes charged allong the way.

While no expert, I suspect that release…[Read more]