Well… 4 years ago people are buying into apartment yield for 4.5% in sydneyNow with rental increase and falling property price with falling interest raes… and 'newish' apartment are yielding >6% plus depreciation= 8%plus ??? Sure it is much much time on today price and few years back….Look at brokers were telling investor to buy buy buy…[Read more]
Lots of negative commetns when market is diving…but if you look back 3-4 years ago in this forum…. lots of buying activity…Why everyone get scared when market is diving?? I m more afraid when market hits its high
I am confused…. interest rates on the way down.. with prediction of some economist predict further cut next year…Used to be lots lots of bullish comments about investment when the interest rates reaching its peak…bla bla bla long term value…dividend yield 10% and rental price still on the way up (better than 3-4 years ago)…. I can't…[Read more]
It is like buying Babcock and Brown or Macquarie Bank at their heights….The question is : Can the rental price sustain A$ 1300/week for the next 10-15 years?Sure it is cash flow +ve for now.. but how about in the next 2-3 years…. ???Dow Jones Future Commodities index took the worse decline in the last 50 years… and Shanghai or Bombay Index…[Read more]
I think we are in the verge of recession…small to medium mining companies will collapse sonner or latter .. look at Dow Jones future index on copper/iron ore etc… it has the worse decline in the last 50 years… yet asian market is also get in trouble with Shanghai index/Hangseng/Nikkei all drops to 4 years low…. Time will tell… hopefully…[Read more]
Another glowing reference in the doom market… hm…A$100,000 tax free income in 10 years… you must be Dreaming in the la la land…It is probably KY that got that much of money in 10 years … TIC's investor….on the way to hell Good luck.. and enjoy your loss
My suggestion:Why not you write a letter to current affair or give them a ring about your problem?I love to see them being exposed in front of current affair's interview…Cheers
knock..knock… where r u?I am getting phone calls almost every week from telemarketers telling me that interest rates are on the way down…property cycle is resetting bla bla bla bla bla.. time to buyyyyyyyyyyyyyyyy……I m tired and ZZZZzzz
I would suggest go for bank lender… non-bank lender like wizard, RAMS etc.. in the virtual of dying…They cost more than bank lender. A lot of misleading information by non-bank lender that they can compete with bank lender… but at the end.. the proof is they are wrong..I still don't understand why people want to go to non-bank lender when…[Read more]
Hi RichardDidn't you know that…"Property value will double every 7 years" LOL (sarcasm)I m sure this is the selling point to unsuspecting buyers. Plus the depreciation cost etc…
Hi Joanne,Did you get an external valuation of 'the property'?And how much is the management fee?Did you go through the contract with independant solicitor?Just for my curiosity….Cheers
I don't mind talking to telemarketer if they are paying me $$$ from talking to them.Otherwise… just waste my stupid time.Investing in hotel room… hmm…. sounds interesting!!!
Hi Spicy,Beware of lots of spruikers out there….If you are not happy and would like to expose them.. why not try Current Affairs or 60 minutes.They love this kind of exposure….Premium Fiance = Joker FinanceCheers