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

12 months and I improved to 275

Hey Guys, this thread started by D on June 5, 2006.Anyone want to summarize? 1. Early indication of problems in RE in June, 20062. First major signs of instability in December??? 20073. Today indications of RE loosing value (only small %), September 2008Seem like as time passes it just becomes worse. Given trend we have and based on past…[Read more]

Hey D, you started this tread but what about U ?

I am 31, fiance 28Good job, just paid out all loans and can afford comfortable living.Want to work and not retire, life is the game to me which I greatly enjoy. Enjoyment is my goal.

With the recent decline in oil price and some recovery on stock market as well as indication of easing inflationary pressure in AU I wonder if this will l be enough to stabilize the current situation and bottom out…..On the other hand RE has a way to go until prices will become more or less realistic, 3-4 times wage rule…

I wonder if we already hit the 'flat" or still have a way to go till we hit the bottom…Any thouths?

I even know some of those russian people who now in talks with Chinese customers. Those are in coal industry, some private mines in russia scheduled to be reopen in 12 months from today.

1. The man I know just sold his boat for under 1Mil and purchaser asked him to indicate higher value so he can get 100% finance on pleasure cruiser…….2. Few of my friends have refinanced there's PPOR do draw the equity to……..purchase car…….go on holiday3. We just purchase industrial land, part of larger block of land with factory on…[Read more]

Agree with blogs, same here.I was siting tight and watching market starting to slide hunting for my dream home. Have had couple coming up on the market, just the way i like them, but price is still not right (read as high). You can snap few good houses now in the range of 500K but closer to 1M properties still seem to hold the value, it will just…[Read more]

There is a fine line between been excited about someone else trouble and actually seen an opportunity, didn't some one say : Buy when there is blood in the streets. Some got heart by rising prices and been unable to purchase PROP, other will get heart on the downturn. There is always some one in trouble. You just have to try to stay on the side…[Read more]

BOOM – sound of bobble starting to collapse… Here we go Lads and Gents, welcome to the era when conservative low geared  people rule.  As predicted by some, tipping over point is reached.

I spoken to few people who are retired now or semi-retired. Some have few $$$ others not as much. But all made one interesting comment " you actually need less money what you think(when retired), you eat/drink/travel/party less and already have everything paid out"Makes you think….

Update:RBA/Banks now talking not " rise interest of not" but " how much to rise"On the other hand Brisbane real estate seem to hesitate in some price brackets ($700-$900K), but the rest still selling strong. Where do the people getting so much money from our days??? Good help them if they borrowing the lot. I sense bargains times ahead.…

Trying to get as many people as possible to comment / add staff to the list to get as close picture of the current state of the economy as possible. The truth is born in discussions.The reason I use this thread is my believe that we live on the edge of the BIG BANG as the current state of the economy is unsustainable. If we to figure out when and…[Read more]

OK, corrected info:1. Jan-February rise of 0.25% with another 0.25% promised to follow ASAP2. Property pricing growing at 6.04% (brisbane)3. What is the current CC debt, anyone?4. Unemployment is about 4.4 and holding5. US housing market, still melting downAny input anyone ?

Hello hleung2. This is based on my search for new PPOR. I noted that in the last 8-12 weeks many properties worth about $700K have not been sold, instead price where reduced on some. Areas I looked in: Manly / Wynnum, Stafford / Alderley4. Based on report : http://www.news.com.au/business/story/0,23636,22918048-462,00.htmlaccording to the source,…[Read more]

Welcome to 2008!So for a start of the year we have:1. Jan-February  rise of 0.25%  with  another 0.25% promised to follow ASAP2. Property market started to level out ( as per my observations in Brisbane)3. What is the current CC debt, anyone?4. Unemployment started to rise5. US housing market, still melting downComments anyone?

OK, bright part of Aussies  have elected the Labor party to rule the country. I hear that they are known for weak economy control. Next 12 months should indicate where are we heading. Any thoughts anyone?

With commercial property, you would sign contact for 5 years, but 6-12 first months are often free. This is normal practice and i also see vendors agreed to pay say for 50% improvement bill ( fitout and such). So it/s is all not that sunny. Like in residential market you need to know what property's a the good pick…

Hey D, i see the logic behind it.Interesting reading by Westpac : http://www.news.com.au/business/story/0,23636,22756808-462,00.htmlIn short, Interest is 25 point up with warning of another 25 point coming, BUT consumer spendings did not suffer much, and those who in rent are actually started spending more.So  people still have enough fat to take…[Read more]