PropertyInvesting.com | ummester | Activity https://www.propertyinvesting.com/members/ummester/activity/ Activity feed for ummester. Sun, 12 Apr 2026 22:18:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 83ceadd7ebd2896774d44f5e607baf85 ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/54/#post-4549501 Sun, 02 Dec 2012 02:18:28 +0000 The government and RBA will try to support pricing, possibly offering stimulus and definitely using IRs as a blunt tool, to help the balance sheets of the big 4. No one wants to see an Ozzie bank go down, so their integrity will be defended as much as possible.

]]> 25cc5b918523529fba2ebfa521e8ec0b ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/54/#post-4549499 Sun, 02 Dec 2012 00:10:25 +0000 Freckle – who is holding the bag now is very important to how it unfolds in Australia, I believe. From what I understand, the greater majority of IPs are held by those currently in the 55-65 range. NG has been their friend but now this age group is starring down the barrel of retirement (forcibly in some cases).

Stock on the market is going to…[Read more]

]]> 4e737a7c926d626add6d45604bf3277a ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/54/#post-4549498 Sat, 01 Dec 2012 23:57:53 +0000 2007 was kind of the national peak. 2008 shaved a bit off the top. The Rudd handouts and FHOG boost (probably more to help his wife with her investment property than anything else:)) only served to get prices back to the peak by 2009/2010. Since 2010 the market has not been healthy but it is only really this year that concern seems to be becoming…[Read more]

]]> 201fd99f33c77c21af595204e9ee44db ummester replied to the topic Property bust not here yet ... worse to come in the forum Seems to me the simple https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/54/#post-4549497 Sat, 01 Dec 2012 23:50:56 +0000 Seems to me the simple version of what Freckle and Simple are posting is something like:

The Oz government is fine and not carrying the debt levels of somewhere like the US. Private debt is pretty bad (mostly corporate and individual household debt). This debt is owed outside of Australia.

The question Simple poses is can the debt be ridden out…[Read more]

]]> 3f781e514dc54823913673823888160b ummester replied to the topic Property bust not here yet ... worse to come in the forum Hey all - long time no post. https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/53/#post-4549478 Sat, 03 Nov 2012 03:04:05 +0000 Hey all – long time no post.

It does look very much like stagnation at this stage. Japan in the 90s = Australia in the 2010s

This means, though, if you haven't entered the market, saving is a better option than buying. If you are in the market, selling will be subdued for quite some time.

The test is still going to be BB retirements – no income…[Read more]

]]> 99b969e00a202c806bee1c6bb79d25d5 ummester replied to the topic Property bust not here yet ... worse to come in the forum http://www.smh.com.au/busines https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/47/#post-4549358 Sun, 06 May 2012 12:11:20 +0000 http://www.smh.com.au/business/property/nation-of-lossmaking-landlords-20120430-1xuh4.htmlbeen saying it for years – you can't NG when you don't have an income. It's going to get worse on bad without someone throwing money at it and, here's the kicker, no-one has any money left to throw.Wether Australia has had the luckiest or unluckiest housing…[Read more]

]]> 8eebbe66ab0c0151c8c2056f7f93df4f ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/47/#post-4549352 Sat, 05 May 2012 13:22:58 +0000 The market isn't picking up without another cash injection.

]]> e9888c8ec43488de5a436a249455ff93 ummester replied to the topic Property bust not here yet ... worse to come in the forum It will be alive and kicking https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/43/#post-4549282 Sun, 22 Apr 2012 12:04:11 +0000 It will be alive and kicking until the ineviatable return to long term price vs wage ratios are again met:)

]]> 79909aae847fefa36ab028d8770b115e ummester replied to the topic Property price range in the forum General Property https://www.propertyinvesting.com/topic/4406311-property-price-range/#post-4667497 Sun, 22 Apr 2012 12:00:56 +0000 Jamie M wrote:
They should submit all offers – in reality they don't. Cheers Jamie

So is there a way to bring a REA to task if you suspect they don't submit an offer?

]]> 29641bce01f4e9d33e2ade915148749f ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/43/#post-4549275 Mon, 13 Feb 2012 06:27:46 +0000 xdrew wrote:

ummester wrote:
Yes, you can sell your peas if there is demand and funded customers. Pretty hard to move them if the cutomers can't pay.

Welcome to the market cycle. You see … if they arent paying ….. you dont fill places. If you dont fill places you REDUCE your rents to a level where the place will be filled. So if the rents…[Read more]

]]> 9c5c6a1a4ee959badcd5df52d8fea760 ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/43/#post-4549272 Sun, 12 Feb 2012 10:16:04 +0000 xdrew wrote:

ummester wrote:
Well, it's 2012 now. Let's see what happens. I think, of all things that could happen, growth like has been seen for the last 15 odd years (that property doubles every 7 years tripe) is the least likely. Flat is a safe bet because it also covers little bits up and down if spun correctly. Down 15% or more is a…[Read more]

]]> b80022f1c94d29b07bff5bef04bdbcc8 ummester replied to the topic Property bust not here yet ... worse to come in the forum Many bears who did their https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/42/#post-4549254 Mon, 09 Jan 2012 07:23:30 +0000 Many bears who did their maths thought it was time for the Ozzie market to correct in 2008 – and without the Ruddprime stimulus it likely would have been. It's amazing how some extra LVR propped up the bottom of the market and allowed it to grow.Oddly, at the time bears were preaching their stuff in 2008, there were some bulls running around on b…[Read more]

]]> a72a1d1d3693e7e1f14e1c62ddc307be ummester replied to the topic Brisbane house price growth 1979-2011 in the forum General Property https://www.propertyinvesting.com/topic/4405382-brisbane-house-price-growth-1979-2011/#post-4660172 Sun, 11 Dec 2011 06:34:38 +0000 This graph (though a real index and not logarithmic) represents Ozzie property prices more as I have come to understand them.http://www.macrobusiness.com.au/wp-content/uploads/2011/11/Long-run-mortgage-rate-and-price-index.pngI think a graph like this starts to get really interesting when you plot rental returns, wages and inflation against it…[Read more]

]]> c22a130ce0f51d404b72c03bd88e2c68 ummester replied to the topic Brisbane house price growth 1979-2011 in the forum General Property https://www.propertyinvesting.com/topic/4405382-brisbane-house-price-growth-1979-2011/#post-4660171 Sun, 11 Dec 2011 06:21:34 +0000 Have you seen this?http://www.youtube.com/view_play_list?p=6A1FD147A45EF50DThat said, I was under the impression most Ozzie property had grown by 3-5% PA (on average) from the 50s through to the 90s (give or take) and, after that time it took off and grew around 7-10% PA (on average) until 2005-2007 (state dependant). So, even on a log scale,…[Read more]

]]> 058126876855b57e9756207c35701e22 ummester replied to the topic Brisbane house price growth 1979-2011 in the forum General Property https://www.propertyinvesting.com/topic/4405382-brisbane-house-price-growth-1979-2011/#post-4660169 Sat, 10 Dec 2011 06:19:48 +0000 Is the growth above the 250k line at the same scale as that below?

]]> 31a5fa27da9fb9d2543d46b03e76ddef ummester replied to the topic Interest rates in perspective in the forum Andrew_A wrote: A longer https://www.propertyinvesting.com/topic/4405365-interest-rates-in-perspective/#post-4660086 Wed, 07 Dec 2011 08:32:07 +0000 Andrew_A wrote:
A longer term chart of rates from the 1990's to place things in perspective. Rates will go up and down what remains is how you take action and advantage of the market that exists at the moment!Interest rates

Yea, until they go up again:)Last 20 years the av has been around 6%.Long term, it's around 8%.

]]> ac31a261f0352342cf81a5f946fc4b23 ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/page/3/#post-4659155 Fri, 02 Dec 2011 06:45:59 +0000 Pauk wrote:
I see the party is going to move of capping rents. About time….http://www.apimagazine.com.au/api-online/news/2011/12/why-capping-rents-would-be-disastrous

Not sure if rent caps are a good idea – seriously, they might restrict growth outside of the capital cities. However, rent caps in conjuction with a phasing out of NG and CG tax…[Read more]

]]> 23648217ddc713f4166531515e889e57 ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/page/3/#post-4659152 Thu, 01 Dec 2011 07:09:17 +0000 DWolfe wrote:
Hey FWord……I have to say……. I'm not pitying our kids…They don't have to head off to a war, they wont starve on a boat headed here, they won't know abject poverty (hopefully), they will have the right to freedom and voting and equality, etc.

Don't be so sure.Last time the global economy was this messed up it led to war.I…[Read more]

]]> e3125188285f7e428817cfb6b053105e ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/page/2/#post-4659142 Wed, 30 Nov 2011 11:43:37 +0000 I think those moving into retirement would be very worried about their super and, for a great many of them (as boomers and jones are the most property rich), property values.I think those who are long since retired are more worried about government support for the aged.Bubble or no, I reject the notion that Australian's love their houses, or the…[Read more]

]]> 69578ca65205c325fce89945aeb6678b ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/page/2/#post-4659140 Wed, 30 Nov 2011 11:04:20 +0000 So we have an emotionally sustained property bubble?Do Australians love their houses more than anywhere else in the world?It's like I said a few posts earlier – it really is different here, we are more full of it.Anyways, if they aren't going to move until they die, what do they really care what it's worth? It's not like they can take the value of…[Read more]

]]> dd54c9824de8e6cc3313c88f6a6679d3 ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/#post-4659124 Tue, 29 Nov 2011 08:13:53 +0000 I'd be happy with 4 x average wage (68k or so) as the median house price country wide (270k or so).Anti speculation laws may help but I'm still placing money on the thing correcting because of it's own debt burden.Thing is, bottom end prices are still expensive compared to middle/upper prices. It's like every Australian is convinced that whatever…[Read more]

]]> aea46848f386a7633d028e1f8bb43217 ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/#post-4659121 Mon, 28 Nov 2011 13:38:58 +0000 fword, I get how you are saying land is unique and mass produced consumer goods are not but1) Why is land in Australia still worth more than land in America, or Ireland, or so on?2) Why is food so cheap? Each carrot that grows is unique to the next. Why does no-one care about a carrots uniqueness?3) Why is labour so cheap in many markets? Each…[Read more]

]]> 09e715c9e94e5ffc0a454299491a329a ummester replied to the topic Time to ponder? in the forum General Property https://www.propertyinvesting.com/topic/4405232-time-to-ponder/#post-4659112 Sun, 27 Nov 2011 10:10:51 +0000 fWord wrote:
Since when was this ever a 'goal'? People set out to make life easier and better for themselves, NOT make life miserable for everybody else. Don't develop a complex here.

Flipside is, the easier the lives of people around you are, the easier yours will also become.Imagine where everyone just worked a single job to afford their…[Read more]

]]> caaf485714b931ed34c5e4f3f6b447c6 ummester replied to the topic Shud I buy now, or Rent till next year, and hold off in the forum Help Needed! https://www.propertyinvesting.com/topic/4405270-shud-i-buy-now-or-rent-till-next-year-and-hold-off/#post-4659409 Sun, 27 Nov 2011 06:42:03 +0000 xdrew wrote:
The market HAS bottomed .. and before it starts up again its going to need a supply of people able to get loans. IF as predicted the credit markets overseas seize up .. then even with cash, equity and baseball cards .. you wont be able to pick up a loan from the banks for love or money. That'll plug the flow of cheap money. And as…[Read more]

]]> dc6c4d5b08159398aa4d88fee6c72bec ummester replied to the topic Shud I buy now, or Rent till next year, and hold off in the forum Help Needed! https://www.propertyinvesting.com/topic/4405270-shud-i-buy-now-or-rent-till-next-year-and-hold-off/#post-4659405 Sun, 27 Nov 2011 01:19:16 +0000 Papers post whatever sells.If doom and gloom is selling – tey'll post that. If rising house values are selling, they'll post that. It is however a kind of positive feedback loop. Papers sell based on what the public wants to read and they read what the papers post. So bad news generates bad vibes which generate bad news and vica versa.To the OPs…[Read more]

]]> 4ad08eb9a47c0d260a4f936b6ecef277 ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/12/#post-4645254 Sun, 27 Nov 2011 01:07:24 +0000 fWord wrote:

ummester wrote:
Your in now, make the most of it. Trying to get out could actually turn out worse. If you have your finances in order, you should be fine.

Interesting that we mention getting out of the market. They say the road to hell is paved with good intentions. However, I've planned not to get out of my properties for at…[Read more]

]]> 9de842e331dd104b996e65ada25968c5 ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/12/#post-4645250 Sat, 26 Nov 2011 12:49:55 +0000 fWord wrote:

mattsta wrote:
''This has potential to be significantly worse than the Lehman Brothers collapse and the subprime crisis because now we are talking about nation states,'' Mr Norris told BusinessDay.That's quite concerning. I guess I may have to brace myself for the oncoming GFC2 – What are you all doing to protect yourself (or at…[Read more]

]]> a4bded326aa0fd1c0704182b27dd38d3 ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/12/#post-4645247 Fri, 25 Nov 2011 10:07:00 +0000 That's quite concerning. I guess I may have to brace myself for the oncoming GFC2 – What are you all doing to protect yourself (or at least be cautious)?___________________________________________________________________________________________________________Not buying a house:)

]]> d30d32d16b224e3048a6760866a983d7 ummester replied to the topic $15000 house in the forum General Property https://www.propertyinvesting.com/topic/4405237-15000-house/#post-4659203 Tue, 22 Nov 2011 00:17:06 +0000 for 15k, what does it matter? Some televisons cost more and most of us pay more in tax:)If you buy it outright you would be positively geared to the tune of $80 PW – how will that work with your tax (I don't know the ins and outs of it). What are the holding costs and stuff? Does the local council have any out of the ordinary requirements of h…[Read more]

]]> 1f42af16cfdc13701d47708245269af7 ummester replied to the topic Welcome to the home planet.... in the forum General Property https://www.propertyinvesting.com/topic/4405233-welcome-to-the-home-planet/#post-4659182 Mon, 21 Nov 2011 21:31:46 +0000 Has been a boom for buyers who got in before 2004:)Wonder if there are any of them out there who were smart enough to buy upbig before 2004, sell it all off since and stay out?

]]> 5482a5c4c7abbf58eb41049ac7a4a9f5 ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/11/#post-4645235 Thu, 17 Nov 2011 09:20:57 +0000 Investment Guru wrote:
Australian Properties will be doing a rebound from recent drops. Goverment steps are being done in order for the drop to stop or be at moderate levels. Anyway it's still a Buyers Market out now. cheers

What steps?And, if they do take them, all they are doing is kicking the can further down the road. This may impact on…[Read more]

]]> c76cea66d72e14632130e46eafd6043d ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/10/#post-4645222 Tue, 15 Nov 2011 09:47:36 +0000 Who says the end is coming? World didn't end after the great depression – there was a war but after that things really took off in a good way. I don't think of it as an end but a prerequisit for new, more sustainable growth.And no, I don't have property, or much gold or shares. Just a healthy deposit and a reasonably secure job. I plan to use my…[Read more]

]]> 79b9842adfa98069cfd7a3bf9429538c ummester replied to the topic The steps to watch for in the coming Australian housing correction in the forum In light of the Euro debt https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/10/#post-4645220 Tue, 15 Nov 2011 08:02:31 +0000 In light of the Euro debt crisis, it could be timely to remind everyone what happened to Australia in the last great depression.From wikiAustralia's extreme dependence on agricultural and industrial exports meant it was one of the hardest-hit countries in the Western world.[58] Falling export demand and commodity prices placed massive downward…[Read more]

]]> 0882745f9a3cca1dfda183b6f8d944b0 ummester replied to the topic What annoys you about property management? in the forum General Property https://www.propertyinvesting.com/topic/4404987-what-annoys-you-about-property-management/page/2/#post-4657567 Thu, 27 Oct 2011 07:22:10 +0000 sapphire101 wrote:
Just remember, being a landlord ain't easy. You have to manage the manager and it's very proactive when they don't get things right.

So why not just manage it yourself? Save money and get things done the way you like.

]]> cdae4506dcc39fb15b8ba448aee4b472 ummester replied to the topic Gladstone Rental Increases in the forum General Property https://www.propertyinvesting.com/topic/4405035-gladstone-rental-increases-2/#post-4657928 Mon, 24 Oct 2011 07:56:38 +0000 Many REAs try on more than what they are legally justified to do with rentals. All tenants should get to know their own state law with regards to rent increases, inspections, property maintainance and so on – I think most would be pleasantly surprised by what they find out.Personally, I'm wonderring if some of the big RE firms currently have…[Read more]

]]> 9ce1aa756b052894c7685f9a4655ffdc ummester replied to the topic We need more users on this forum... in the forum fWord wrote: That's right, https://www.propertyinvesting.com/topic/4405001-we-need-more-users-on-this-forum/#post-4657680 Wed, 19 Oct 2011 08:44:27 +0000 fWord wrote:
That's right, or perhaps the forum is quiet because the property market is quiet.

I agree with you again – wonder of wonders:)I also, obviously, post at a bear forum and it is remarkably quite also with regards to housing. Busy with global economics and stuff. The housing market is going through a massive calm before the storm, I'd…[Read more]

]]> d2d3803b575f3a2cd553ecf1a273199b ummester replied to the topic A few questions about selling in current market (Adelaide) in the forum General Property https://www.propertyinvesting.com/topic/4404975-a-few-questions-about-selling-in-current-market-adelaide/#post-4657465 Wed, 19 Oct 2011 08:38:40 +0000 fWord wrote:
but this is key: sell when the news is exceedingly good, and buy when the news is exceedingly bad.

That I totally agree with fWord.Late 2009/Early 2010 – what an awsome time to sell. things were on the up and up from 2008. 2007 likewise.As for buying, I recon the news has to be worse than 2008. Fundamentals are worse but news (and…[Read more]

]]> fd4c9bdf7d0f5c8930552923555e3d2b ummester replied to the topic A few questions about selling in current market (Adelaide) in the forum General Property https://www.propertyinvesting.com/topic/4404975-a-few-questions-about-selling-in-current-market-adelaide/#post-4657463 Sat, 15 Oct 2011 23:36:02 +0000 khorask wrote:
Her plan atm is for a new start.. not a 'quick getaway asap'. Why sell it for 50k less when she could get 50k more and just wait for the best time to sell ? Also, how would she know the 'prices' of the houses in the street to begin with ? (there are none on sale)

Sorry, I confused area with street. You did mention prices in the…[Read more]

]]> 6d6b37fe01535e91f166fb4553efa1b9 ummester replied to the topic A few questions about selling in current market (Adelaide) in the forum General Property https://www.propertyinvesting.com/topic/4404975-a-few-questions-about-selling-in-current-market-adelaide/#post-4657460 Sat, 15 Oct 2011 10:49:51 +0000 Why doesn't she sell for 50k less than the other houses in the street? That way it should move quickly.My 2 cents, it will be an easier sell now than this time next year.

]]> 2e665ba51afd2ae643916955f9f9415d ummester replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655724 Wed, 12 Oct 2011 09:43:12 +0000 Scott No Mates wrote:
not in the least. Everyone assesses their own risk & exposures. The ones who bear the risk are the investors & the bank. Neither control the market.

So if a whole bunch of wannabe PIs get in on the action – that's not going to effect the demand side of the equation, the consequent rises in equity and lowerring of bank…[Read more]

]]> 5835b4421a4aa843ce508bd4e82a9f32 ummester replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655722 Wed, 12 Oct 2011 07:23:36 +0000 Sparkys wrote:
My question is who owns the home that the third little pig lived in? A smart investor, that's who.

That seems like more of an answer than a question:)My question is to the post above this. If a lot of inexperienced PIs are playing with the market, wouldn't that make the whole market risky, even for the experienced PIs?

]]> bb30d68a8b77bd78adab8565f4cabd4c ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/41/#post-4549236 Mon, 10 Oct 2011 06:17:27 +0000 simple wrote:
I value those who been around for some time

<br /:)” title=”>:)” class=”bbcode_smiley” /> I've been around for ages.Actually, I started reading and posting here before I found any bear sites.I still think the same basic logic applies though. It looked like the Aussie housing market was going to correct in 2008 (more than the 5-10%…[Read more]

]]> 67304fd60722cde00c987a4fa3fc8b49 ummester replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/41/#post-4549233 Sun, 02 Oct 2011 06:28:44 +0000 It's not quite time to resurface it yet.

]]> 1e51db2e76e865397d648ddcdecb6604 ummester replied to the topic July Median House Prices in the forum July Median House Prices https://www.propertyinvesting.com/topic/4404578-july-median-house-prices/#post-4654804 Sat, 01 Oct 2011 03:31:33 +0000 JackFlash wrote:

ummester wrote:
Difference as I see it is that American confidence in the housing sector is shot. It isn't shot here yet.

Yes it is. It's in the declining house prices, the doubling of properties for sale and the low turnover. Anyone with half a clue knows that this is something different…. you can almost feel it.…[Read more]

]]> 94bbfaf0a1b92d9fa08f195993acff56 ummester replied to the topic July Median House Prices in the forum General Property https://www.propertyinvesting.com/topic/4404578-july-median-house-prices/#post-4654802 Wed, 28 Sep 2011 08:03:22 +0000 JackFlash wrote:
The FEDs with their massive QE programs and near zero interest rates haven't made any difference to the US property markets. Our problem is that we are maxed out on credit. Australian private debt stands at around $1.2 trillion. 60% of that is supposedly residential property debt which is funded by short term international…[Read more]

]]> 7010dbabaf1aa7e383d7d7349e8c77b9 ummester replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655714 Sat, 17 Sep 2011 09:27:37 +0000 Scott No Mates wrote:
Lots of 'not much' adds up to quite a bit also may have a lower risk profile which suits piggy 1.

Yea, that makes sense – play it safer.I guess that is why many PIs try to lvr more bottom end property. 2 slum apartments vs a 4 beddy in the burbs for rent.Land banking seems safer still, for the first little piggy though.

]]> f79c54b116a43edaa136637eb1fc5c46 ummester replied to the topic I'll huff and puff and take your home away in the forum General Property https://www.propertyinvesting.com/topic/4404715-ill-huff-and-puff-and-take-your-home-away/#post-4655712 Thu, 15 Sep 2011 06:55:40 +0000 I don't get it?In the end, a house, like any thing, is worth what you can sell it for.If the 3rd little pig stays at home, who do the first little pigs sell to?Agree that most want it all and now – that's what got the second little pig in trouble. But, if niether the 2nd or 3rd little pig can afford or want the 1st little pigs house then that…[Read more]

]]> 083cbaa239cb895f8f89b8fd23780df0 ummester replied to the topic Stamp duty concession to be axed for First Home Owners in NSW in the forum General Property https://www.propertyinvesting.com/topic/4404693-stamp-duty-concession-to-be-axed-for-first-home-owners-in-nsw/#post-4655626 Mon, 12 Sep 2011 02:31:50 +0000 Andysydney wrote:
There should be a rush of buyers to "get in" before the new cut backs apply, forcing prices in the first home bracket to jump.

And then?Ultimately, this descision will increase supply in a market where supply is already above what is required. What happens to the price of established homes in NSW next year?

]]> 5222be3323765c30cbb3252df9a361a0 ummester replied to the topic NSW FHOG ends 1/1/2012 in the forum NSW FHOG ends 1/1/2012 https://www.propertyinvesting.com/topic/4404650-nsw-fhog-ends-112012/#post-4655334 Wed, 07 Sep 2011 07:12:51 +0000 surely this has to effect the sales potential and ultimately price of established homes.

]]> 5c4ae15cc6b2134cf63015b1aefeb7e6 ummester replied to the topic July Median House Prices in the forum General Property https://www.propertyinvesting.com/topic/4404578-july-median-house-prices/#post-4654800 Tue, 06 Sep 2011 12:56:58 +0000 JackFlash wrote:

ummester wrote:
Seems to me that without a prompt credit injection, at rates borrowers can afford, the market will continue to soften or begin to crash. Question is, where does that credit injection come from?

I tend to agree with most of what you say Unmester, however, credit or should I say easy credit is the primary cause…[Read more]

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