Originally posted by gmh454:
Originally posted by CanAm:

My ride, Brock ADP wagon, 1 of 6 made – very sad about his passing. Met him several times and a man of great talent. And on weekends its my imported Chev CanAm, size of an escort with ’69 Camaro 302 factory fitted and street registered – awesome fun

Got a ride around the back…[Read more]

My gut filling is we will have another 20 points added before New Year. Maybe the RBA will be nice to people and postpone rise just pass the NY mark but definitely move interest up in next 3-4 months.
I would suspect 20-30 more points by the end of 2007. If this is the case (this is what I hope for) – we will go hunting for our first IP as pris…[Read more]

^ ^ second to that. But we wondering around Wynnum/Manly Brisbane
[biggrin]

This is what i based my asumption on:
http://www.rba.gov.au/ChartPack/graphical_summary.pdf

I agree with Mortgage Hunter . Economy cycle up and down every 7-10 years. Find the way to hold the IP for 10 years and make money. Sell now and loose.
I guess one option is to try to reduce principal on one of the IP down to 60% and then refinance it. This way it will pay for it self and you will have one less to worry about.

Originally posted by wealth4life.com:
OK so i’m watching the Sunday news and i hear that 5000 people per year in Sydney are losing their homes because they can’t afford to pay the mortgage.

Will it get worse?

Developers in Sydney are moving to QLD to get profits in a more boyant market, which is slowing however over the 10 year prediction is the…[Read more]

Originally posted by AJS:
I don’t understand why every one panics with the interest rate hype… Do I look at things through rose coloured glasses? As long as your interest rates are locked in and you have purchased wisely in the first place you can sit back and watch everyone else panic. People are always saying to me “its not the right time to…[Read more]

Originally posted by Duckster:
I think great , ( I now have low debt)
I saw this coming 12 months ago and have lived through the 1992 recession we had to have !
The impeding property crash will be buying opportunity but remember that high petrol and interest rates take time 12 – 18 months to really affect the economy . I think we will see lots of…[Read more]

Last time I done some calcs, for an average couple (both on 70K/year) it would take about 25 years to build 2,000,000 (2 Mil) worth. This based on 0% inflation and 0% growth of realestate.
Calculation was based on purchasing IP’s and paying it out…
This is working hard and not wasting money

Well my understanding in simplified form is:
Income > Expenses (Rich)
Income = Expenses (Wealthy )
Income < Expenses (Poor)

Does any one have any ideas on how the interest rate will move in next 12-24 months?
I know this is not predictable but interested in thoughts.

Say I have heard from the people up in the food chain a rumor that banks CEO’s and there’s assistants are started to reduce there’s assets that has funds borrowed against. Basically they trying to…[Read more]

Rich is a specific condition when your profit is higher than your expenses.
In other words you have “unused” funds left after all bills paid.
On the other hand, wealthy is when your profits match your expenses….
This is my understanding of it.

Hello D,
My bad – I needed to indicate suburb (I was referring to Manly and nearby area).
I would agree with you that realestate market needs to looked as the complex system rather than simple (interest up – wait/ interest down – buy). There are always some “deals” and opportunities. However I would think that for an average person on…[Read more]

Hello All, I am new here. Was reading thru forum and have some observations to share.
In Brisbane the rent for townhouses went up about 10% in last 24 months. From what I see it still slowly going up. But a resale value of the townhouse dropped in last 3 years from say 290K to 240K or about.

With the interest rate movements, I think now is a…[Read more]