Interesting article- thanks AusProp!

If the other banks follow NAB, gearing will be standard at 25%- not the 20% we’re used to. It’s gonna be harder for first home buyers to be able to save the 25% deposit- god!

Mel- I think 20% equity is not much. Means you own 200k and owe 800k. That kind of pressure would do my head in. I am a bit debt averse…[Read more]

Try this link Tom:

http://www.rba.gov.au/Statistics/measures_of_cpi.html

If you go to “total” on the yearly link, that will give you the last few years’ inflation rates. You’ll note the total of the year 2000/2001 was 5.9- that was due to the implementation of the GST. This year’s total to the last quarter was 2%. The RBA always has a target of…[Read more]

Props and Matt :+P

Don’t stereotype me! In fact, I don’t hang around with lesbians- they bore me generally, but i have some who are friends. I talk to you lot, don’t I? Guess that means I speak to guys.

I just tend to hang out with people whose company I enjoy. Amazingly, I’m probably similar to the rest of the world, even though I know you need…[Read more]

Some ideas for the crash, if it comes (although anyone could have a personal crash, so it’s relevant anyway):

* get income protection insurance in case you lose your job;

* get landlord’s insurance in case your tenant skips off or trashes your property and it becomes untenantable;

* don’t be too “rent reliant”. Try to keep your mortgage within…[Read more]

Only the bypassed towns, Rugby. Poor little towns- bypasses just kill off small communities.

I remember i used to love all the towns until they were bypassed- marulan, yass, jugiong etc. further down, the only one they haven’t bypassed is coolac- wonder how long that will last.

kay henry

As i said elsewhere: SEEEEEEEEEEEEEEEEEEEEEEEEEEEEEELLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL!!

hehe. But seriously, highly gearing is a bloody risk. Some people are gambling over their heads in property :o( If people *are* too highly geared, they should sell up now while prices are still maitainging themselves. Forced sales…[Read more]

hehe sis- nice start- you’re already preparing to not disclose?? I am gonna tell her, you know! but really sis- if she’s a nice girl, she ain’t gonna want your empire.

kay henry

Good idea, sis! best to just say a place and time and others can follow- i’m not into this “everyone suggest somewhere and we can all decide” thing *groan*

see ya at Burbwood!

kay henry

Church youth clubs sis- yeah, that’ll get ya a nice suitable girl- hehe. A lovely christian apple-pie gal, sis

you want a nice girl- go for the church group… you want a bad one- go for the university chick.

kay henry

it’s amazing we can’t organise a drink on a friday evening, and yet, we have property empires??

Rugby- are you coming?

kay henry

40,000 minimum, richmond- unless it was somewhere like berry, nsw- those kind of touristy, old money places can’t be beaten- but too exxy to buy into :o(

Presumably the population figures are for those towns in isolation from cities- not for bourgeois stand alone places (in victoria, for example- i’m thinking Lorne and Daylesford- small places -…[Read more]

Yeah, I’m up for it. but where is crowsnest? I only know newtown, darlinghurst, city etc :o)

hehe Leigh, I bought two places in 6 months last year- don’t pressure me! :+P

kay henry

Karan,

In a property crash, you should “duck and cover”. That was the advice given by the American govt about if a nuclear bomb was dropped, and it still holds true today!

Also- in a property crash- trick is to not hget in over your head. If people are worried about their situation, sell, sell SELLLL!!!!!! (panic is a good thing)

kay henry

Maybe they’ll make you a Moderator, Props? You do have star quality

kay henry

hmmm- appears we are being drappged off to the suburbs [] That’s gonna be weird for me, but I can do it- I’ve faced many challenges in life [:p]

kay henry

well, that knocks out anyone under 35-45!

But young investors- i still respect ya!

kay henry

I am leaving on 9th Feb from here to go to austria, Matts. coming back for work on 15th March

kay henry

Well, i have a fetish about my gf- only her :o) The lads needn’t be scared []

kay henry

Hey Matt- what’d you do with Mel? Don’t tell me she’s gotten into (gasp) *shares* ??

kay henry