Isn't this part of the problem when interest rate rises are used to exert some control over the economy?  If the objective is to spend less, then maybe an increase of the GST would be better and more effective. The political party who does that would be committing suicide. If the property market appears to be flattening out, interest rates can…[Read more]

ummester wrote:

dreamtobelieve wrote:
From 1999 – 2009 wages went up from 30-50%, on averge. Houses went up around 200% on averge.A cheap mortgage now cost a third as much PA as a cheap rental.Do the maths and use a bit of logic.

Interesting, where do those figures come from? Also what do you mean by "A cheap mortgage now cost a third as much…[Read more]

pashabulker1 wrote:
Hey thanks for your replies Surrealist/mattnz. Surrealist you say that 10 years ago people had the same arguments. Thats most probably true, people have always complained about property prices. But they say that property goes through 10 year cycles, well I would say that properties have been increasing for the past 10 years…[Read more]

Thanks marx and Joanne. Been reading through a number of threads and find some very interesting and others entertaining.  Joanne I'd say Canberra has changed dramatically since 1993. Your plan sounds great though. There's an interesting article in the current API magazine about a recent profitable project development in Scullin. Not sure if it is…[Read more]

I'm very new to this so my arguments are simply speculation based on hearsay and what I read.  You raise some interesting points. A person i worked with previously argued something very similar that what happened in America was due to hit Australia in the next couple of years because it is just not sustainable. Property prices have also been…[Read more]

Hey mate, welcome to the forum. I'm a newbie myself and one thing I find quite remarkable is the amount of young people that are already getting into property investing. I was brought up in a very risk averse household that ironically has shown to be more detrimental than having had taken some risk years ago,  now I'm getting on with little to…[Read more]

Hi JoanneThank you for your reply and advice. Canberra is not a bad place at all. Moved here from Sydney for work. I live in the north side of Canberra though travel frequently to the south to go to Southern Cross Health. I looked at a few properties down there at the time when I was seeking but they were generally higher priced yet smaller and /…[Read more]