Another 25 points by RBA today and a promise of 2-3 more rises before next financial year. despite rises in interest rate, property prises still keep creeping up.  Very interesting indeed

welth4life, people can take a alot more stress than 1% if increases are gradual. They will change there's jobs' seeking more money, will reduce number of holidays per year and barrow $$$ from parents…. Unless it will be sharp rise in CR, people will tolerate more or less comfortably 2-3% if speared in few years. RBA working very hard not to…[Read more]

It's started long time ago and still getting worse:THE number of Queensland homes being repossessed has skyrocketed, with families now losing their properties at a record rate. Data from the Queensland courts show a total of 756 homes have been repossessed so far this year because homeowners could not meet their mortgage repayments. That number…[Read more]

Qlds007, When you deal with any professionals some are more switched on and creative than others. I remember seen one accountant that stated that i owe ato 5K. So i went to the other (recommended) and actually got 3-4K back from ato.So, even they all governed by the same regulations, the result can be remarkably different.Just my 2c

Mark OReilly  / Choice home loans0419 603 535 / 33242700He can get you  money with the major banks just got to make sure you can actually support loan this size…When bank where giving me only 100K, he could get me 300K with same bank 

Isn't it fascinating to watch how interest keeps going up in 25 point steps every 3-4 months. The interesting part is that disregarding  interest rises credit card debt keeps going up, people keep buying housing at inflated cost, store accounts keep growing up and Retrovision type shops reporting sky high profits together with sales of new luxury…[Read more]

Terryw, I wonder if we happen to have a common friends Anyway, imagine paying interest on 230K CC account. It is not your ordinary 7% home loan, more like 17% for AMEX…

we have 2 CC, use one as 6 months interest free while money working in the PPOR loan and live on 30 day account on second card. We have not paid 1c in interest on CC's for about 5 years now. Will drop one card off in 6 months – I am in

duckster, mmmmm……. this is what i am hoping for, together with another 3-4 cash rate rises by RBA. Won't be that a nice start?

 -33, hm, we better start investing !On the other hand, i do not think I will ever retire unless due to sickness …. 

It is rather interesting how property market fluctuates from location to location. Some places are slow and others still boom. I would think, naturally, when it is boom – whole town (say Brisbane) is selling HOT, and when we start fluctuating, isn't it indication of becoming unstable?

I would say next 4 months:1. One more 25 point correction by RBA2. Labor party to rule3.Real estate prising to flatten (generally)4. Rent to keep creeping up

I am 30,we have PPOR purchased 4 years ago. Owe 20% of market value. We have plenty of disposable income (me + wife) but sinking it all in PPOR. Will pay out in 12 months. Still live without furniture and TV Want to be debt free when / if real estate market burst. This way we will be able to snap good deal paying cash and not be effected by high…[Read more]

OK, two months have passed and real-estate market is busy again. People just keep buying pushing prices further up. I have a funny gut feeling that if it will not stop now, we will come to nasty resetion. We have about 40 people working for us at factory, with average wage about 500 per week after tax. Now this mean families have $1000 to…[Read more]

Brisbane / Bayside – selling quick. Prices indicate steady trend up. Anything under 400K sold quick however top properties 1M+ seem to sit for sale for some time…Reno suitable properties go very quick …

Some one, please get spammers out of this forum !

Agree with foundation, , Freedom = ZERO debt. Too many play to close, how many people you know who say “I own 3 houses”, they do not, bank own them. How many say “ I have new BMW”, they don’t, they just kidding themselves, finance company own it.   The company I work for has owner with mind set like foundation. In last 15 years some of our op…[Read more]

Just want to refresh thread.RBA announced no increase in interest as CPI and other indicators showing "fine". I wonder how long they will manage to balance this fine line. As if there will be no more interest rises the real estate market may start recovering fairly quick. We live in very interesting time indeed

jamiedellam I have dome some calcs some time back, according to what I got back then, you plan is sound. The only difference in my calculations was that you should buy one IP pay it out completely, and then purchase second and so on. One step at the time. With your deposit you should be able to jump first 1-2 steps.   Basically I was getting…[Read more]

http://www.smh.com.au/news/business/fincorp-investors-face-50m-loss/2007/03/30/1174761739499.htmlBig guys started sinking. Small begining of a big problem…