Jon Chown wrote:
Scamp says.These are interesting times, especially when you think a lot of property investors have 20 (!!) properties or more, all NEGATIVELY geared of barely above 0According to the ABS of the approx 2million Investment properties in Australia, 90% are owned by people who have only one investment property and less than 1% of…[Read more]

rates will rise by 0.5 percent this year, and keep going up , and up and up. There's 0% chance of them going down. Oil prices add to the pressure, as inflation is up up up, so interest must go up up up to 13% base rates minimum, which means 18% variable rates. These are interesting times, especially when you think a lot of property investors have…[Read more]

How much can you buy it for ?What is the rent you will get ?Did you check the LEP to see if the views will be affected ?How much are the service costs of the flat ?How big is it ?What are the average sale prices and how much do you earn ?etc etc…

They are set to HALVE in the next 3-4 years. You will not miss out. Join the bears at : http://www.globalhousepricecrash.com and educate yourself. You won't be sorry.

Xenia wrote:
Our next investing network meeting will be about the Adelaide real estate market. Anyone who is interested is invited to come along and listen to the experts. Please email me xenia@adprop.com.au for details.

From the website of adprop.com.au : AdProp Pty Ltd is definitely a licensed Real Estate agencyAha… a real estate agency.…[Read more]

Well at least you do your best to study before you rush into something. That's good. Foreclosures are held in auctions. Although at the moment, like someone said, there's no real gain to be had in foreclosure auctions yet. It's very , very bearish and in about 6 months you can get any house for 50% less than you'd pay in 2006-2007. The last…[Read more]

ItalianDragon wrote:
Stay away, the bubble will burst really badly.  Australians can`t keep paying 6 times their income for houses.

It's actually immensely worse than that : it's 12 times their income.And not at low interest rates either, it's an unbelieveable 9% interest.Italian : yes, it's unsustainable. Like I said a few months ago : This…[Read more]

It's becoming more and more clear that investing in real-estate today is pushing people into hell.I can only hope that this post came early enough to warn of even 1 prospective buyer. Then it would have been all worth it.

RVP wrote:
I have alittle info

oh please don't keep us waiting, c'mon spit it out.

Nucopia wrote:
Remember that if you get unemployed, you still have to pay interest. hahahahaha I have not been employed for almost 10 years now and my property income has always surpassed the interest I pay. Its also left me with a nice level of accruing cash surplus. Funny rental increases are keeping pace with rate rises and demand for…[Read more]

gmh454 : Thanks for the update. It's nothing new to me, it's something that comes and goes. The last auction results are in , and there's a clearance rate of 11%. We're in a very special market nowadays : We're in a buyer market, and there's no buyers.gmh, can you elaborate on what will happen to someone who is in the kind of trouble you stated ?…[Read more]

ruk wrote:
remember it's better to pay interest, than tax.

Remember that if you get unemployed, you still have to pay interest.

why don't you put them up for sale thought a real estate agent ?

Never pull the pin. Just make a 'cheeky offer', let's say for a house asking price of 390.000, you offer 270.000. Remember : House prices have gone up more than 2/3 in the last few years, it's only normal they come down 2/3 again to nominal values. At the moment, prices are expected to drop by 50%. If you want to invest into anything, you need to…[Read more]

HAV11C wrote:
Thanks for the info. Its not a scam he has repaid over 200k, If he was trying to rip me off I'd be chasing him for 250k not 45kI'll do the search on veda. CheersAndrew

Like I said, it could be a ponzi scheme in which funds from investors are used to pay back funds from previous investors. As long as money keeps coming in, everyone…[Read more]

RVP wrote:
So again i ask can anyone give me some insight into finding forclosed homes please!

Ever heard of Google ? Today's kids want everything on a silver plate nowadays. "Help me get rich please" , "help me with my loan", "help me with my spelling errors". My advice to you : – Get a bit older before you even think about going into…[Read more]

a 'charge' over a company's assets is a bit like a mortgage. It basically makes a specific creditor a secured creditor, meaning they get first bite at the companies assets if the worst happens.It's not uncommon for major suppliers or lenders to require this as a matter of course and its presence doesn't necessarily mean a company is in financial…[Read more]

Just let it go on auction. The chance it sells is very, very small. And you will get a real value of the house this way. Don't ever be pressed to buy, it's a real estate agent trick to get a buyer to commit to something that you don't really want to commit to. I'm amazed that people still worry about 'missing out'. This is a BUYER market now. If…[Read more]

bardon wrote:
Regulation isn't the answer, who told you that anyway ?Dont worry the central banks control Australia,If banks cant lend they will go out of business, do you think that is what Rudd wants, do you think he would be permitted to do that ?

I don't say banks can't lend. I say banks can't lend unrealistic amounts of money anymore. I…[Read more]

RVP wrote:
how i should invest my savingspaying back two loans

There's your answer ( I removed all garbage from your post, and the answer is left ).