PropertyInvesting.com | gmh454 | Activity https://www.propertyinvesting.com/members/gmh454/activity/ Activity feed for gmh454. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 da068a2ccf3b56efa194bce42716a786 gmh454 replied to the topic Is this interest really deductible? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409342-is-this-interest-really-deductible/#post-4690696 Tue, 14 May 2013 07:59:57 +0000 it could be done many years ago, but think they change may be around 15 years ago ..

so he is either dumb and dangerous or been living under a rock (or just got out)

]]> fc6867c5539a039ec07553e55c7b8d03 gmh454 replied to the topic New Investors in the forum General Property https://www.propertyinvesting.com/topic/4409192-new-investors-2/#post-4689833 Wed, 01 May 2013 04:49:27 +0000 Nigel that first post is a classic..

I'm an accountant and it is amazing how people will sign their lives away with their new best friend, and make a conscious decision not to waste money talking to an accountant, or anyone actually impartial ..

amazing how many disastrous franchises get flogged this way..

in the overall scheme of things what…[Read more]

]]> d457d4ad171a20a8cd5c595b602ca625 gmh454 replied to the topic Positive or Negative? in the forum General Property https://www.propertyinvesting.com/topic/4408561-positive-or-negative/page/2/#post-4685086 Wed, 24 Apr 2013 04:58:26 +0000 I'm an accountant, one of my favourite stories is from a colleague.

back in the early part of last decade when everyone was buying, and property was going to double every 7 years, one of his clients, bit the bullet and bought up big. (never asked the accountant first, but that is pretty usual).

At the end of the year he had managed to completely…[Read more]

]]> 5e1166edac8c36eeb343dc90c1113b69 gmh454 replied to the topic SMSF is it worthwile? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408794-smsf-is-it-worthwile/#post-4686976 Wed, 13 Mar 2013 03:26:42 +0000 taxdiva wrote:

My accountant feels SMSF's will drive the next real estate boom!

or maybe SMSF investing in property will drive the next accountants boom

]]> aca945e2a72f04aa592822696b96701b gmh454 replied to the topic Purchasing overseas IP through SMSF in the forum Help Needed! https://www.propertyinvesting.com/topic/4408951-purchasing-overseas-ip-through-smsf/#post-4688263 Wed, 13 Mar 2013 03:08:11 +0000 as Terry said it is possible but it depends, and those issues would take a small book, if you want more advice give more facts

]]> 1c801f8d524d2730fd42b2552a46d133 gmh454 replied to the topic SMSF property investment borrowing in the forum Help Needed! https://www.propertyinvesting.com/topic/4408887-smsf-property-investment-borrowing/#post-4687803 Tue, 05 Mar 2013 02:44:03 +0000 Richard you seemed to indicate that a 80% loan through a fund is available. Could you tell us which lender goes this high with a SMSF. Thought they stuck to around 66%.

]]> 898294347965f6f0dbdd068be3405b1b gmh454 replied to the topic Sell the lemon or hold it? in the forum Help Needed! https://www.propertyinvesting.com/topic/4408520-sell-the-lemon-or-hold-it/#post-4684675 Tue, 29 Jan 2013 02:49:54 +0000 Nigel Kibel wrote:
Hi Mattsta

I agree with you prices will start to rise soon however I am convinced the strong growth will be in Brisbane. So you have to look at the opportunity cost. If you sell and buy especially in a suburb within 5 km of the city center how is that likely to perform over the next 5 years compared to the Sunshine…[Read more]

]]> 9bbb4815ed59471b2c79becd55882bb9 gmh454 replied to the topic Big trouble in the forum Help Needed! https://www.propertyinvesting.com/topic/4408584-big-trouble/#post-4685266 Tue, 29 Jan 2013 02:41:58 +0000 Following up on Terry's post, yeah the developer can sue you for any shortfall on the contract price, and as his "price" is guaranteed he does not need to worry.

On one Gold Coast property they are sitting down with the buyers and trying to negotiate a decent outcome (some people say . go ahead and sue me …. and they explain to them how painful…[Read more]

]]> bc2327a33280b4b6f0fc31bc51fa6c7d gmh454 replied to the topic Property bloodbath? in the forum General Property https://www.propertyinvesting.com/topic/4408463-property-bloodbath/#post-4684056 Thu, 17 Jan 2013 03:26:52 +0000 Very simplistic sensationalist view. Property is flat and will stay so for a while. Although continual building and renovation is improving the average of the  stock, real movement if any, in recent years has been minimal. Factor inflation into the mix and it may have gone backwards in many areas.

The term bloodbath could apply to certain areas…[Read more]

]]> 96f4fa90abb97919ce5dd68558399c4d gmh454 replied to the topic Sunshine Coast - Tough times...but will it bounce back? in the forum one of those giant towers had https://www.propertyinvesting.com/topic/4406106-sunshine-coast-tough-times-but-will-it-bounce-back/#post-4665645 Fri, 21 Dec 2012 01:44:12 +0000 on the GOLD COAST, not same but similar one of those giant towers had over 30% of off the plan buyers default..

those people are now being put through the process of having their private parts crushed in a vice..

the go ahead sue. me line is not doing much good

people paying off the plan 1.2m for something you cannot sell for 750K, today and…[Read more]

]]> 205b061ad2dd46777ea8c1e476b46f78 gmh454 replied to the topic Amending joint property to 1 owner or majority share with no stamp duty? in the forum General Property https://www.propertyinvesting.com/topic/4407865-amending-joint-property-to-1-owner-or-majority-share-with-no-stamp-duty/#post-4679220 Thu, 18 Oct 2012 05:20:53 +0000 also you would need to get the loans changed..

and if the ATO looked at it (almost never) then you could have an issue with the old question of intention .. when purchased

safe way is the divorce….

just quietly slip the paperwork in among lots of other docs while she is watching her favourite TV show

and I have seen it done,  wound up…[Read more]

]]> 114b493789b9563f2c6b49835750a3be gmh454 replied to the topic buy property overseas with SMSF in the forum I have just done one of these https://www.propertyinvesting.com/topic/4406481-buy-property-overseas-with-smsf/page/2/#post-4668873 Tue, 09 Oct 2012 07:14:35 +0000 I have just done one of these for a client, in Australia.

plenty of equity

lease in place

bare thrust

etc etc

and it is painful, even with everything going okay

all the people who are saying NO here are the ones who genuinely help people here, everyone else on this thread is just talking about things they know nothing about

No, not…[Read more]

]]> 54b614c292db91fef10cae81846ea914 gmh454 replied to the topic SMSF set up in the forum Help Needed! https://www.propertyinvesting.com/topic/4407606-smsf-set-up/#post-4677292 Thu, 13 Sep 2012 03:50:00 +0000 why do you think your personal assets are at risk with a SMSF,

what are you planing to do with it

and yes you do pay tax on your super contributions and profit (if it ever makes any) you obviously don't know it, but you have for years, as you fund has paid it.

I would suggest you start reading very carefully as your current conceptions of Super…[Read more]

]]> 9ab4e5a1e465ba9688a519f32bed45c3 gmh454 replied to the topic Melbourne Property Values in the forum General Property https://www.propertyinvesting.com/topic/4407110-melbourne-property-values/#post-4673670 Fri, 20 Jul 2012 05:03:32 +0000 WomeninPropMelb wrote:
No Freckle, I am not kidding. As Nigel says – this is a quick headline grab. IN my experience as a real estate agent- yes the media is about 3 months behind. When you start to hear mixed responses from the media – this means the market is turning. On Saturday evening news on channel 9 they reported that prices had in fact…[Read more]

]]> e304956d503147672482da1d9b7048fa gmh454 replied to the topic Is it starting to Hit the Fan!!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4405399-is-it-starting-to-hit-the-fan/#post-4660322 Mon, 19 Dec 2011 03:31:43 +0000 Your comment about the lack of urgency finally hitting the market is spot on.As long as the RE industry could create a "must buy now before it is too late", they actually always had a sellers market. Factor in Gumnuts stimulating tradies, and developers and economics, rational thinking, history all could be overlooked as the sentiment fuelled a…[Read more]

]]> ba01b5824b28d13583a31be9c8ea9651 gmh454 replied to the topic Signs of market recovering Perth? in the forum General Property https://www.propertyinvesting.com/topic/4404665-signs-of-market-recovering-perth/#post-4655458 Wed, 12 Oct 2011 02:51:33 +0000 Razzaberri wrote:
We did have one party want to make an offer that I find almost insulting and we advised our agent to tell them not to bother writing it up.

what do you mean almost …did I come in too high ….sorry could not help myself

]]> 0a3b8919361d08e538e2bcf5c3fbe25e gmh454 replied to the topic Capital growth in Sydney in the forum General Property https://www.propertyinvesting.com/topic/4404141-capital-growth-in-sydney/#post-4651245 Thu, 21 Jul 2011 04:21:46 +0000 Got to be careful in judging CG.as the bucket of property bought and sold keeps getting newer, this scews the data…eg 40 year old units sell for 400k.U beaut new units sell for 700k.one big new super duper complex (gym, pool, shiny and new) sold will scew data.yes the av price goes up, but not the price of actual RE. 

]]> 43093607884f0e9a24a3baa5f6cfabd6 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/8/#post-4645172 Mon, 11 Jul 2011 02:54:23 +0000 emptyvessel wrote:
The market is not crashing. It will be fine. End of story.

you need to add "imho"and if everyone's opinion is the same as yours , …. then you are right,    ….if however everyone's opinion is otherwise, then down we will go (not arguing about the gradient of the slope here) , but down it will be, for how long …well th…[Read more]

]]> cc6344e3ed1366d17efcee7ca6414759 gmh454 replied to the topic What I doing wrong - making offers in the forum you are pricing corerctly https://www.propertyinvesting.com/topic/4404172-what-i-doing-wrong-making-offers/#post-4651423 Mon, 11 Jul 2011 02:44:52 +0000 you are pricing corerctly but making offers too earlystand back, and wait (think hyena or vulture) let them sit …. eventually they will be receptive..the agent who has listed it at 320 cannot put in a low offer like 260, it will look like he -a. has not advised correctlyb. given up too earlyc. is selling it too low  …. to a mate.

]]> 9663e1a8453f2d6d163a5cc7cd0b709d gmh454 replied to the topic Reputation of Universal Property Group or Bhatla Investments in the forum Help Needed! https://www.propertyinvesting.com/topic/4399559-reputation-of-universal-property-group-or-bhatla-investments/#post-4622350 Tue, 19 Apr 2011 02:39:12 +0000 Sorry, you are the guy who mentioned his back yard has shrunk. Can you tell us who made the first claim that lead you to believe your yard would be bigger, was it verbal or in writing, you saw it marked on a plan etc etc.

]]> ae0b8acb0764f43aba9aa6a79841c83e gmh454 replied to the topic Reputation of Universal Property Group or Bhatla Investments in the forum Help Needed! https://www.propertyinvesting.com/topic/4399559-reputation-of-universal-property-group-or-bhatla-investments/#post-4622349 Tue, 19 Apr 2011 02:36:44 +0000 If you have a signed contract you are locked in unless he becomes in breach. I would read your contract well, and ensure that it covers all you were verbally promised. If it does not, any chance you may have to do something about it would be now. Not sure what you can do, but I would check now.As to stepping away because of his past background, I…[Read more]

]]> e8de1e67d8482ddcaaddf85218e7ce98 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum Last night on the ABC news https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/5/#post-4645107 Tue, 19 Apr 2011 00:03:55 +0000 Last night on the ABC news channel one of the speakers, did not catch the name but senior in the RE industry, said and among the many reasons for the slump, buyers market, etc etc etc, is there is no property shortage, actually the reverse with many more sellors than buyers and lots of  "off the plan "  stuff coming on…and why do all the "go p…[Read more]

]]> 9ffec7d31f3d9fe71cb1f5585cdc2a97 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum Dan42 wrote: Here are a few https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/3/#post-4645073 Sat, 16 Apr 2011 00:51:33 +0000 Dan42 wrote:
Here are a few differences, off the top of my head.1) The Australian economy is relatively strong, we have low unemployment, and a budget that will be in surplus (apparently) in 2013. The US economy is a basket case, unemployment is over 10% and they are TRILLIONS in debt. 2) It's interesting that the areas mentioned in the link…[Read more]

]]> 84556bf9c7423545e5e3342abde4036b gmh454 replied to the topic Me think interest rate should come down in the forum General Property https://www.propertyinvesting.com/topic/4403293-me-think-interest-rate-should-come-down/#post-4645500 Thu, 07 Apr 2011 04:09:41 +0000 Back 20 plus years ago when a huge amount of Oz property was funded by local borrowings it was easier to bring it down like that. but if we are borrowing most of what goes into the mortagage market from overseas then how do we reset our rates below what countries like Ireland and Greece are borrowinng..If demand drives up the cost of money the…[Read more]

]]> 48509b4012dafce50a2ca4c3cb32c211 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/3/#post-4645065 Wed, 06 Apr 2011 04:13:13 +0000 ummester wrote:
. Many of the people I have it with get very sensative and upset about claims that their house may not be worth as much as they think its is though..

A couple of years ago a family member was mentioning their  place was worth 800K, followed by the usual, "will sell up some day, sell the IP and retire up the coast."fast forward…[Read more]

]]> 68598f49a9f82187f9a8ab64b6ef97a6 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/2/#post-4645049 Mon, 04 Apr 2011 05:01:08 +0000 ummester wrote:

gmh454 wrote:
I commented a few months ago at how many boomers who are about to retire are sitting on neg properties. (met predictable replies) . Talked about this with other accountants, and we are now seeing them sell, and talk about unloading, they cannot sit any longer. They certainly are not buying.

They have to sell…[Read more]

]]> 603961cb2cd463f5c809d5377a011da4 gmh454 replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/2/#post-4645046 Mon, 04 Apr 2011 03:46:07 +0000 Couple of other points -I commented a few months ago at how many boomers who are about to retire are sitting on neg properties. (met predictable replies) . Talked about this with other accountants, and we are now seeing them sell, and talk about unloading, they cannot sit any longer. They certainly are not buying.China when their bubble goes, may…[Read more]

]]> df18906e7587bc50bad69f763e6145cf gmh454 replied to the topic australian economy in the forum General Property https://www.propertyinvesting.com/topic/4402313-australian-economy/#post-4638896 Fri, 07 Jan 2011 05:14:22 +0000 pmack wrote:
Urging first home buyers to buy with government grants and low rates and then 12 months later, instigate a reversal which puts them in an even worse position is absolutely criminal and these are the people lest able to absorb rising costs, let alone the current rate rise taking affect in January.

they did their job, they stimulated…[Read more]

]]> 74981ca4c3ef085a0c4a31c903a53ec2 gmh454 replied to the topic ... in the forum General Property https://www.propertyinvesting.com/topic/4402260-4402260/#post-4638575 Fri, 24 Dec 2010 01:40:39 +0000 Well there is only ever one answer for this….property next year will go up  …. 15%.why so..well with so many in arrears some will be forced out of their  homes and they will have to rent …this will put rental pressure back on the housing market …increased demand …so property will clearly go up …15%  (it's always 15%) just need to pu…[Read more]

]]> b516ee9387206128c74471914ce82b82 gmh454 replied to the topic ... in the forum General Property https://www.propertyinvesting.com/topic/4402228-4402228/#post-4638390 Thu, 23 Dec 2010 06:42:36 +0000 jontapp wrote:
Yes Sydney peaked in April 2004 at $530,000 and the last peak was March 2010 at $590,000. An increase of $60,000 over 6 years. What can that tell you about affordability??

umm  ….. that next year it must jump $470,000 to $1,060,000  …..  well it's seven years, is it not.. must be the time to buy…wonder what the rent on $1,0…[Read more]

]]> ee29cf6e69588ced0c911a5cc9826832 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/35/#post-4549124 Thu, 14 Oct 2010 23:33:06 +0000 can you guys point out the quote where I said they bought OVER ten years ago. I said IN THE LAST TEN years..AGAIN  last ten years…think about it ..maybe the light will go on…somehow doubt it

]]> 7b8ec21ef860ab0db75b31362651fccb gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/35/#post-4549118 Tue, 12 Oct 2010 01:29:49 +0000 Harb, I give up, I talk apples and you quote me as oranges….I try to get back to apples and you turn them into grapefruits.

]]> 9da39e0f3de1c11710317925c848898f gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/35/#post-4549116 Mon, 11 Oct 2010 02:33:05 +0000 harb wrote:
,is funny is that you gave it as an example when you were trying to make the point that anyone who bought in the past 10 years is bleeding.  How much would that house be worth these days, if he spent 500k on improvements I'm guessing at least  $2M ?  Its a shame that someone as naive as this person didn't get some advice from you or…[Read more]

]]> 33496e7bf77f1e2926eba0250d076497 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/35/#post-4549109 Tue, 05 Oct 2010 02:06:38 +0000 harb wrote:

gmh454 wrote:
The thing I am seeing this year, is that for those (most of them) who bought a property in the last 10 years, they are all bleeding. Now I know that is because they are not clever little cashflow + types, I guess they went to the wrong seminar, – the neg gearing one.

You sure its 10 years ? Even Sydney and Melbourne…[Read more]

]]> 5beffcb225c75e5c5484d903fac0200b gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/34/#post-4549090 Wed, 29 Sep 2010 04:09:37 +0000 Interesting to catch up, I have been sitting out waiting for all the government intervention to wash through..I am an accountant as some may remember. I don't do many individuals as we are mainly a business practice. However most of the individuals are a similar age to me, I'm 56. Some a little older some a little younger.The thing I am seeing…[Read more]

]]> 5d92008fe15bb1cb0b585d9829bb1229 gmh454 replied to the topic Declining property prices in 2010... in the forum General Property https://www.propertyinvesting.com/topic/4398269-declining-property-prices-in-2010/#post-4614122 Fri, 08 Jan 2010 02:54:10 +0000 Apparently the "Henry report" is recommending a "second home owner grant" starting with this years may budget, and there is rumour of possibly a third home owner grant somewhere in the pipeline…….sorry if this has already been posted,

]]> 901565c657a709806ace4980be1aa61a gmh454 replied to the topic Residential property shortage ??? in the forum I was wondering on this https://www.propertyinvesting.com/topic/4396652-residential-property-shortage/#post-4606148 Mon, 13 Jul 2009 03:55:51 +0000 I was wondering on this again this morning. We have had zero population growth in the age group that matters (Costello's kiddies don't factor yet), massive building in the last ten years, whole new suburbs have sprung up, massive medium density, continually going since around 1998,  and all fueled by immigration, which very seldom factors in the…[Read more]

]]> d0ef52441a5392ffc5a2d621a075a066 gmh454 replied to the topic Sydney finally turning? in the forum General Property https://www.propertyinvesting.com/topic/4392956-sydney-finally-turning/#post-4585888 Mon, 18 May 2009 03:17:37 +0000 Very interesting to read that from last year, gives me a warm fuzzy feeling…ABC just ran a piece in Sydney on the downward pressure on rents in the mid to upper end…always thought the "rental house so rare you had to sell a kidney to get one," was REI BS, will be interesting to see how long before it filters down..also saw Perth is starting to…[Read more]

]]> f45a7547a151d47d15b5955837d3ff28 gmh454 replied to the topic Property bubble 'set to burst' Australian National University economist says... YOUR THOUGHTS? in the forum General Property https://www.propertyinvesting.com/topic/4396143-property-bubble-set-to-burst-australian-national-university-economist-says-your-thoughts/page/2/#post-4603440 Mon, 04 May 2009 04:02:36 +0000 wealthyjvd wrote:
every single recession we have had, property prices have come out strong each time, why is this any different.,sorry, we will experience some drops, but not of 40+% pfft. ridiculous analysis.

first recession for you, is it ??????? 

]]> 3c93826f34bce9e4949a355c3b0de67f gmh454 replied to the topic Gladstone - queensland in the forum Help Needed! https://www.propertyinvesting.com/topic/4395950-gladstone-queensland/#post-4602164 Thu, 09 Apr 2009 04:39:19 +0000 I think he might be more interested in selling…..that is if he owned there…of course which he dosn't …..

]]> 63282b3e63612134e5dd1db68e9371f6 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548985 Fri, 27 Mar 2009 02:35:19 +0000 gmh454 wrote:
Marc, I have had the privilege as a public accountant to get to know in enormous depth the lives and business practices of maybe over 1,000 clients, in 35 plus years.Over the years we had seen a variety of breaches of ethics, morals and laws.  Mind you it is mainly through joining the dots, and making assumptions. My first eye…[Read more]

]]> 42fdcb6dfea336b7008f5992138d1748 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548984 Fri, 27 Mar 2009 02:27:20 +0000 Marc, I have had the privilege as a public accountant to get to know in enormous depth the lives and business practices of maybe over 1,000 clients, in 35 plus years.In my practice alone I would say there is not one sucessful client who has not broken the law. That breach may be as small as lying about there financial affairs when applying for a…[Read more]

]]> cf7fe841e245ccc98ce8b376aac72248 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum 1Winner wrote:Quote: As for https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548973 Wed, 25 Mar 2009 05:56:06 +0000 1Winner wrote:

Quote:
As for my previous post, the point I make is very simple. The virulence/ anger/ bias/ resentment/ general bad vibes or ridicule expressed by some be it  directly, indirectly or by elevation against "rich people" (regardless of the definition in the person's mind) is, in my view, a handicap to success if success as…[Read more]

]]> c9726f52c59499cc04b6e9e808ef0933 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum daniellee wrote:gmh454 https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548972 Wed, 25 Mar 2009 05:44:51 +0000 daniellee wrote:

gmh454 wrote:

SHales wrote:

When a place at palm beach, a little weekender, bought for 5.5M with 100% finance no sales at a mortgagee auction, for 2.5m, the top end has tanked.

Is that the 40% drop that Assoc Prof Steve Keen was predicting about?RegardsDaniel

well if it had sold it would have been 54.5%, but as it did…[Read more]

]]> 3180ce342f3a18a81eebaa32eaa4511b gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548968 Wed, 25 Mar 2009 02:40:25 +0000 1Winner wrote:
I find some of the comments amusing. There is an innuendo that "rich" people are somehow stupid for selling presumably at a loss having bought at premium price.. When that may be so in some cases, this is not exclusive of the (stupid) rich. Thousands upon thousands of (smart?) poor are selling below the cost at a loss. …..And…[Read more]

]]> dbfce12b8f36c5ed84ad633056854e43 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548967 Wed, 25 Mar 2009 02:33:47 +0000 gmh454 wrote:

jparry1 wrote:
Predicting the downturn was a no brainer.  Lets see who is game to predict (guess) accurately what is going to happen in the next 12-24 months.  I'm surely not going to ………Cheers,JP.

well actually it is no more difficult than 2005, a no brainer actually.lets see, a kabillion (trilion is too small and ..…[Read more]

]]> bc454e2ad60e0e07a53ff93016617ad2 gmh454 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/28/#post-4548966 Wed, 25 Mar 2009 02:25:59 +0000 SHales wrote:
I keep hearing this "rich people are selling…" claim.  Can you tell me what substantiates it as fact?  So my question is, how do you know rich people are selling now, what are they selling and what is there to suggest that this is proactive strategy rather than reactive damage control that any of us are capable of?S

When a pl…[Read more]

]]> 450155b29ce5b9caf02d88a6f6d26275 gmh454 replied to the topic Property Market Has Bottomed? in the forum General Property https://www.propertyinvesting.com/topic/4395754-property-market-has-bottomed/#post-4601176 Wed, 25 Mar 2009 00:50:28 +0000 harb wrote:
Just wondering, has the $5.5M always been the selling price in Palm Beach or did they ever sell for $500K or less sometime in the past ? 

Guess they did sell for 500k sometime ago.the guy who told  the storey of the banker who is evaporating before our eyes made the front page of the Fin Review once when Kerry Packer (rest his s…[Read more]

]]> d35fc71f01b5412c7bea9c6b121d4de1 gmh454 replied to the topic Property Market Has Bottomed? in the forum General Property https://www.propertyinvesting.com/topic/4395754-property-market-has-bottomed/#post-4601171 Tue, 24 Mar 2009 02:16:27 +0000 The top end is "coughing up a lung", in Sydney Mosman is a bloodbath, can give you many examples but one will do. " Palm Beach, little weekender, don't really stay there much, maybe 4 days a month, yeah work is a bitch, picked it up for $5.5M, …yeah should do nicely in the future, Oh borrowed the lot, yep the house at Mosman is worth $10M now,…[Read more]

]]> 61425324471747fb477993b50575812a gmh454 replied to the topic Do I employ a company like THINK MONEY? in the forum Help Needed! https://www.propertyinvesting.com/topic/4395779-do-i-employ-a-company-like-think-money/#post-4601295 Tue, 24 Mar 2009 02:02:08 +0000 Hmmmm…. $12k, buy some good Nikes and run in the opposite direction as fast as you can..

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