spudway wrote:
hi yes we have ..again we cant get a loan as we have 5 kids ..if we only had 3 we wouldnt have a problem ..we could of got a loan for up to 210k ,,

That's strange, I was under the impression they were there to give loans to people in your situation. They need more people in the area you want to move so the fact that you  have…[Read more]

spudway wrote:
…also we are trying to get of the system that is why we are trying to buy the property ..

 So you got in touch with keystart  yet ?  

spudway wrote:
we need help we are a family mom dad and 5 kids we have 50k deposit and have put a deposit on a property ,,sale price of 110k …we are on a pension and get 1915.96 per f/night ..we need 60k ….we dont qualify for bank finance ..

try    http://www.keystart.com.au

Casper_1000 wrote:
I'm looking at getting home insulation with the current $1600 government rebate. There are a few products available with certain companies installing their own products. The products I've found thus far are: Pink Batts ThermoSealed BATTS – http://www.thermosealedbatts.com.au Autex Greenstuff Blow-In Insulation Does anyone…[Read more]

gmh454 wrote:
Sunday Fin review listed by % the top falls out of the mill dollar club by suburbs, and Perth lead off with the top 4.South freemantle   24.76%

Median prices are not telling the real story, if anything property prices in South Fremantle actually went up last year.  Median prices got screwed up when the South Beach estate opened up…[Read more]

Scott No Mates wrote:
I noticed today's email from RP Data shows the price drop in median house prices over $1m with several suburbs dropping out of the category but some new one coming in.I don't believe the stats when they can give a median price increase of 30-50% based on a small number of sales (I like large samples with more information…[Read more]

ummester wrote:
Harb,The amount saved is extremely rlevant to someone who wants to keep their current standard of living. Quite simply, if I borrow more than 250k from the bank and interest rates are back at the long term average of 8%, my standard of living will be less than it currently is renting. I will enter the market when I can do so…[Read more]

happyjack72 wrote:
Hi guys, I was wondering if any of you great people could recommend a solicitor in Perth? Someone who understands investing (property, share trading) and business, as well as able to give excellent accounting service. And someone who is available at short notice for advice, meetings, etc.(Oh, and doesn't…[Read more]

ummester wrote:
I know of one GHPCer (FHB) who purchased. FHB had almost 400k saved and brought into the middle of the market – which had experienced some significant falls. Another GHPCer (HG) is considerring building on land be donated by parents subdivision. These cases represent good value for money and no change in the standard of living…[Read more]

ummester wrote:

harb wrote:
If you took the time to look into it properly instead of just dismise it off hand you'd find that its a positive step towards bringing affordable houses to FHBs.

Not as big a step as a crash

That is a despicable thing to say. You ride around on your high horses preaching idealistic claptrap when in reality you're…[Read more]

ummester wrote:
WA as a state now has debt in a private market that it can't afford to let loose value (which is happening anyway). Not really a free or private market, or governement, anymore is it?

That's because most of mining revenue from WA was used to prop up ACT, NSW and VIC due to the collapse of manufacturing in these states. Anyway i…[Read more]

ummester wrote:
Harb,If the federal governement does put this into effect, I will start applying for an OS transfer. It will destroy the country down the track and the scary thing is, I wouldn't put it entirely passed them.

   I've been hearing this from bears 3-4 years ago, if property doesn't crash in the next 12 months I'm leaving the c…[Read more]

rayd wrote:
Can i throw something into this debate? Not sure if you have done work on this but no one seems to mention anything about lower funds coming from securitisation markets. Ie NAB/WBC/ANZ fund c40-45% of their loan books (both residential and commercial) through "whole sale" markets, the rest coming from deposits. With the advent of the…[Read more]

ummester wrote:
Honestly, I don't think the world owes me a thing.

You must be the rare exception on that forum or maybe after waiting for so many years for a crash most of the posters there grew up ? 

Quote:
 Scares me out of buying and I have got more chance of finding another poster worth scaring here than GHPC, haven't I?

I'm sure you a…[Read more]

ummester wrote:
So your basic reasoning for exponential property value increase is proximity to a city as the city expands. There is some logic in that, so long as everyone has to work in proximity to the city.

Of course there is, the city expands and with increased population comes increased demand and competition for limited and desirable…[Read more]

ummester wrote:
So, from 1900 to 1980 that is (80 years) prices trippled.

Haven't looked at the 1900 figures but I'm sure that you did. I'm guessing that you used the median prices to work out the growth ?  Prices were cheaper then now in the 80's but I seriously doubt you could find a house on a few acres block along the river in say Mosman…[Read more]

ummester wrote:
It was nothing like the last 10 years and you know it. If it was you would be living in Monaco yourself.

Here in Perth house prices jumped from around 30K in early 0s to 100k+ by the end of the 80s.m not sure about the rest of the country since I wasn't following that at the time.  I hate crowds, why would I want to live in…[Read more]

ummester wrote:
I am saying that for home prices to be back in line with long term wage growth that they will either have to devalue 30% across the board or stagnate for a decade.

But why would they remain in line with wage growth ?  Here is something to toy with , what if population growth keept a lid on the wage growth and fuelled the gr…[Read more]

SydneySider2000 wrote:
By the time she saved her 50% deposit it was late 1984.  In early 1985, she approached the same agent to offer to buy the same flat the we had rentedand was shocked that the owner now want $25k more.  My mother could have bought the flat then in 1983 for around $50k and in early 1985 the same flatwas priced at $75k. 

We…[Read more]

ummester wrote:
You don't deny the top is coming down and that the mediun has decreased. I don't deny that the FHB boost has spiked the bottom. .

How is the $15M house now selling for $10M going to make housing affordable for you if you are looking in the $500K market which is actually going up ? Besides, not all the upper market properties…[Read more]