I have nothing constructive to ad, finance is not my strong side, but reading thru this post make me feel “ YAAAHHHHOOOO”
Another year or so with few more interest rises like this and our efforts in saving every cent and throwing it in to our PPOR loan will pay out big way. We will be shopping with cash buying from those who were overspe…[Read more]

Guys, not to scare anyone, but you do know that ATO have and eye on financial forums?
May worth keeping it in mind when quoting figures. Not that we talk actual figures here, we just speculating

Actual $ that you earn are subjective. I know people on $150K and still have PPOR not payed out. Nothing flash, just an ordinary $400K property.
So it…[Read more]

Well I guess the first property is the mast as the way to reduce your living expenses. Once played out you cost of living reduces significantly. If you will rent – cost will always be there. This is the way I see it.
And anyway, If you more or less reasonable concentrate on repaying you will payout in under 5years. After this you have a lot…[Read more]

I notice interesting tendency, I wonder if others will agree on it.
It seem like in Brisbane most of properties been sold are purchased as owner occupied. This seem to create number of properties that been sold still at “high” price as owners base decision on “feel’ rather than commercial since.

There are also seem to be few people who s…[Read more]

Ok, some info on Xmas sales. They do not spike as they used to 5 years back. This new-year in upmarket retail resulted in been 20% higher than normal times but still FLAT.
Conclusion: Wealthy people smart and do not spend money any more, or simply run out of them ??!!
[whistle]

Hello David,
Irvine is the nice place to be [biggrin]
Why would you look for funds in AU? In Irvine good 10% of piople in the shopping center can pull 2M out of there’s pocket on the spot! It is one welfy place.
I love it by the way.

As someone here mentioned the real impact will be is when people will come out of fixed interest period after 3-5years. Then they will get hit by sudden 2-3% increase. This is when snow bal action will take place. If we consider 5year fixed period, than those people still have 2 years to go. This will really top up the market with…[Read more]

L.A Aussie, thanks for reply on my calcs…
Your explanation makes sence if long term considered. This is what I am interested in so i will have to redo my calculations and practice a bit to see what figures do I get

Originally posted by simple:
I am trying to keep a close eye on retail sales figure. I have access to sales $ of one of the upper marker fashion retailer chain ($1000 for pair of shoes).
So far market have not waken up for Christmas spending. Sales are flat.

A bit of update here, as off the last week there is a steady increase of sales on daily…[Read more]

Some simple mathematics here, some one please correct me here as I cannot get my head around this!
IP in our area cost for example $300K has return of $300/w minus expenses land and running cost you get about 250/week if lucky. Which is about 4.5% return on capital.
If I put the same money on my bank account I get over 6% return.
Now the big…[Read more]

Is Russians welcomed? [biggrin]

I am trying to keep a close eye on retail sales figure. I have access to sales $ of one of the upper marker fashion retailer chain ($1000 for pair of shoes).
So far market have not waken up for Christmas spending. Sales are flat.

Bad lack! Cannot post picture here. How to post pictures here anyone???
Anyway, link: http://img387.imageshack.us/my.php?image=untitledpb8.jpg

Have downloaded some datasheets from RBA site. Made this graph to help me to understand/ predict economy movements.

According to what I see, we are on the beginning of the next “Major” interest rise cycle. Any comments anyone?

With original question “worst to come”, as per one old man comment: The time to buy is when your own brother is on the streets.
I am now watching my relatives starting to struggle. Not that they have no money, they just have to many loans.
It looks like it will take another 2-3% interest rise to finish them off. That would be close to the bot…[Read more]

IMHO a lot of people do not care/think about the long term result of action taken.
Most of them never even realize than money can be made by simply working hard and allocating funds to what needed rather to what’s wanted.
But the blame game start once people loose the grip and thinks go out of control.
It is always the same everywhere; you got…[Read more]

If anyone interested, market value change in Brisbane / Manly townhouse prises.
This is based on recent evaluation of our PPOR:
2003 – 220K
2004 – 290K
2005 – 280K
2006 – 260K
Current rental return is about 280 a week.

Makes you think….

D,
I must agree on the comment that money can be made at any market conditions and resi not the best area.
The company I work for looking for block of land to build new manufacturing facility with in Wynnum area / Brisbane. We recently been contacted by “XX” real-estate agent. They found the block of land for us for 1.3M, by the time we got…[Read more]

Originally posted by wealth4life.com:
Hello all,

Well it appears that interest rates are going to rise as i heard this morning

Interested to know your thoughts – investors – price drops around the country – and worried mums and dads ..

D

Well, another interest rise, so what?
I feel sorry for those who overcommitted them self’s, the rest…[Read more]

wealth4life.com – LOL, this story reminded me Europe. Dense, crowded place with few castles around (not for private use any more)
[biggrin]
On the brighter side, ozy’s build queenslanders using space inefficient, you can have a much more specious hose on the same block of land but will end up with garage under the house and bedroom on the seco…[Read more]