PropertyInvesting.com | Mick12345 | Activity

Mick12345 replied to the topic 450k and under in the forum General Property

Tue, 14 Sep 2010 03:04:02 +0000

Ha ha ha, HAAAA ha ha, HHHAAA haa haaa.Your Funny.NO seriously. I suggest you stop looking for houses and start looking for units if you want to spend under $450K within 12Km's of the CBD.But be very aware of buying even a unit in this overpriced market. If (very unlikely) the prices do continue to rise, then Mr Glenn Stevens will hammer up the…[Read more]

Mick12345 replied to the topic australia is has an oversupply of properties and not an undersupply. in the forum General Property

Mon, 13 Sep 2010 09:13:56 +0000

Hi Harb,I have seen that graph before, it looks like Niall Fergusson's work.That fact that the House price Index goes up exponentially is very misleading and kills all credibility.

Mick12345 replied to the topic australia is has an oversupply of properties and not an undersupply. in the forum General Property

Sun, 12 Sep 2010 06:22:53 +0000

Devo76, I didn't mention anything about selling property. The transaction costs would make that a pretty silly idea, especially when house price falls (or rises) are predictions.However what I am trying to implicate, is that in the current climate I believe it would be wise to keep your money in the bank (if, that is, you have some money in the…[Read more]

Mick12345 replied to the topic australia is has an oversupply of properties and not an undersupply. in the forum General Property

Sat, 11 Sep 2010 23:49:41 +0000

Holy crap Eloi, ever heard of spell checker?Crusty, you have to compare apples with apples. You mention that money in the bank will be subjected to 3% inflation per year? And what about property, you don't think that inflation will also erode the value of your property? You also need property to go up by 3% a year in value to keep up with…[Read more]

Mick12345 replied to the topic Interest Rates Will Fall in the forum Help Needed!

Mon, 30 Aug 2010 22:09:43 +0000

Hi Amsaini15,The answer is bound to create some controversy among the property bulls:Steve Keen's http://www.debtdeflation.com/blogsand also talkfinance.net

Mick12345 replied to the topic Interest Rates Will Fall in the forum Help Needed!

Sun, 29 Aug 2010 22:11:45 +0000

Ha ha ha!Look's like you called it a wee bit early Ummester. Bloody FHBG has caught you out…

Mick12345 replied to the topic What sort of discount is expected for houses selling on a main road? in the forum Help Needed!

Sun, 29 Aug 2010 06:33:06 +0000

I am reminded of a house I looked at recently, which backed onto a busy road.Great price, great house. But when standing in the backyard, the noise was unbearable.I would not live there, and if alot of other people share my view, If the discount isn't 30% or greater I would avoid.Especially if it fronts onto the busy road. The tenant turnaround…[Read more]

Mick12345 replied to the topic Im looking for a website in the forum Help Needed!

Sun, 29 Aug 2010 06:23:40 +0000

This'll be the one…http://www.refindhouseprices.com/Have fun!

Mick12345 replied to the topic No Housing Bubble in Australia...is there? in the forum General Property

Tue, 17 Aug 2010 02:11:22 +0000

Hi All,Have you read this article? http://www.smh.com.au/business/housing-bubble-trouble-for-the-middle-class-20100817-127lv.htmlAn interesting read.

Mick12345 replied to the topic Equity through positive cash flow properties vs equity through other means.. in the forum Help Needed!

Mon, 16 Aug 2010 07:47:29 +0000

Try writing a book, and selling it. The income you get from book sales should help you buy more properties…You could call the book:0 to 131 properties in 3.4 years.

Mick12345 replied to the topic No Housing Bubble in Australia...is there? in the forum General Property

Mon, 16 Aug 2010 07:31:21 +0000

Hi Philip,Thanks for your posts. I have checked out your website, and I am surprised that you seem to be a little bit bearish towards Australian property at the moment. I would have thought that due to your vested interest in the future of Australian house prices, you would promote bullish views?I appreciate your honesty.

Mick12345 replied to the topic Dymphna Boholt real estate investiment course in the forum Heads Up!

Mon, 16 Aug 2010 07:16:24 +0000

…and why the hell do my comments always post twice?????

Mick12345 replied to the topic Dymphna Boholt real estate investiment course in the forum Heads Up!

Mon, 16 Aug 2010 07:15:30 +0000

Hi All,I am new to this site, and have noticed alot of people asking about the effectiveness of certain seminars, programs, etc.I would have thought that if their ideas/knowledge/information was so effective, then why promote it? Why not just keep the information to yourself and become extremely wealthy by utilising this knowledge?Do you really…[Read more]

Mick12345 replied to the topic No Housing Bubble in Australia...is there? in the forum General Property

Sat, 14 Aug 2010 22:41:40 +0000

DWolfe, why have I spent two years researching? Because two years ago when I was 18 years old and still on apprentice wages I don't think diving into property "speculation" would have been appropriate….and two years of researching is telling me that 6.51% in the bank is probably the best bet at the moment in this uncertain market.Property might…[Read more]

Mick12345 replied to the topic No Housing Bubble in Australia...is there? in the forum General Property

Sat, 14 Aug 2010 08:27:32 +0000

Hi Guys,My first post so please be nice!I am new to the property investing game, and am still to purchase. But I can't quite figure it out….I have read and researched every thing possible about property investing for over 2 years…and as much as I would like to purchase an investment property, everything I have learnt is saying NO! Don't Buy!…[Read more]