Aw, come-on Getting There, don’t be like that – we’ll try to be a little nicer to you if you come back. Perhaps a little more grovelling from others will convince you to share the details of your grand plan?

[baaa]

Why would anyone put that sort of information on this forum,people do their own research to get rewards.
…
What would happen is that the suburb/town would dry up cash flow + properties with all the interest shown from the forum.
…

Why would someone share such information you ask? One reason I can think of…[Read more]

this is the free market system at work.

How very true. Just look at the number of young adults still living at home with their parents. There’s a threshold to how much people are willing to pay for…[Read more]

Hangover awaits after years of extravagance

Date: March 7 2005

We are seeing the first signs of the pain that will follow a decade of greed, writes Clive Hamilton.

In a previous era, when rich people found themselves in financial difficulty because they…[Read more]

Having read an article or two elsewhere*, there has been the suggestion that the current rate rise may have had little, or no affect at all.

There will always be reports from either side of the fence. Here’s one from the Sydney…[Read more]

Link appears to be broken. Managed to Google for it (“Andrew Farlow” “University of Oxford”) and found the correct…[Read more]

If you invest in areas where “very few own their own homes” then…[Read more]

Oh, and I forgot to add that foundation has already countered that point with the…[Read more]

Sorry Ronulas, I must correct you there. According to the ABS it is actually the other way around:

More than two-thirds of Australian households owned or were buying their dwelling at the time of the August 2001…[Read more]

$100K for house with 10% down.
Price rises 10% after one year = $110K

So to realise the increased equity I would have to sell the property right?

Factor in the following and the numbers don’t look as rosey anymore:

Stamp duty paid…[Read more]

eg. $10k deposit on $100k property – you own 10% of property.
NOW –
$110k property and now $20k equity – you now own 18% of property.

Is this some kind of voodoo…[Read more]

Phil

Phil, you do realise that the housing market will most likely collapse if interest rates hit 10% tomorrow. Is this something you’ve been wishing for?

Settle down there, Jeff. You seem awfully sensitive about my criticism towards your unabashed dislike of this particular author. I merely made the simple point that you shouldn’t dismiss a book altogether…[Read more]

I was just reading about that! Here’s a link to a related news article for those who are interested:

Wage creep adds to rates chatter
http://www.abc.net.au/news/newsitems/200502/s1309121.htm

Here’s an article from the Sun-Herald that’s of interest to those thinking about fixed interest…[Read more]

I don’t think you were making much of a point in the first place. The original post was asking for comments on Newland’s new book, “The Day The Bubble Bursts”. You responded by making a broad generalisation based on his previous book. How can you fairly judge something you have…[Read more]

You know, if he ever did write a book I wouldn’t write him off immediately. I’d be looking forward to a chapter titled “How to Not to Get Busted While Swindling an Insurance Company”.

Ibuycashflow,…[Read more]

It might not effect the more seasoned or astutue investors, but it may have a real effect on the highly leveraged borrowers and generally has a psychological effect (if not financial )on Mr & Mrs Jo Average.

I don’t think that there are a lot of seasoned or astute investors out there at the moment. Most have…[Read more]

Would Newland not argue that he has learnt from his past mistakes? Surely that can only add more credence to his advice.

How about the statistic about the number of young adults still living at home…[Read more]

Yack, aren’t these two statements sort of conflicting? Or have I misread you completely?

The gist of the whole thing can be found in the summary (as posted by foundation amongst all the quotes):

There were significant housing price booms from 1971 to 1974, from 1979 to 1981, from 1987 to 1989, and from 1996 through to 2003. After each of the first three booms,…[Read more]

I think you may have missed the point of crj’s post. Regardless of what is involved in a directional transfer you’re still going to be out of pocket with stamp duty, capital gains tax and legal fees. This is going to eat into your $25K gross profit.

You have to work out what your net gain will be and whether it is worth your…[Read more]

I think you’re on to something here. I for one, was originally going to post a word of caution about investing at the peak of the market, but I don’t think that’s what you’re talking about…

Cheers,
Michael.

Well, if you go back to Spanky’s original post, I think he was advocating just…[Read more]

Stay grounded: prices haven’t hit the floor
http://www.smh.com.au/news/Opinion/Stay-grounded-prices-havent-hit-the-floor/2005/01/19/1106110809219.html

The author believes that there won’t be any “meaningful” increase in prices until the end of the decade.

Property rebound as home loans rise
http://www.smh.com.au/news/National/Property-rebound-as-home-loans-rise/2005/01/17/1105810817186.html

Home loan approvals aren’t exactly the best measure of house price movements. The stats quoted in these articles do…[Read more]

http://www.yourmortgage.com.au/calculators/capital_gains_tax/

Unfortunately you will not escape Australian tax rates if there is a double tax agreement between the country you’re investing in and Australia e.g. New Zealand.

The tax you’ve paid in NZ will count as a credit towards the tax you will have to pay in Oz. Of course, some people will suggest a plethora of schemes to get around the system…[Read more]