Thanks for the wonderful quote.

Yes Mickey – also a friend of mine bought a site in Blacks beach for 2 mill did a DA and onsold it for 24mill – this year!!

if you dont some one else will …….

D

Do you have a fusion policy in your insurance policy ???

D

Hi GMH,

I think you are right in predicting that there is worse to come for the out west in SYD, my sister in Cambeltown is packing it big time as they have a house today worth $300k (was $400k) and now there debt is $325k.

Hi Foundation,

Yes lets see what people do this year at xmas to their little Aussie or Virgin low interest rate credit…[Read more]

Well tomorrow will be interesting with interest rates …

Many experts have been saying that the property market has bottomed however recent news is indicating that Sydney will come back another 10%.

What do you think will happen to the other states???

D

You must WALK all the streets in the neighbouring area and compare the property to others.

Get an RP data report and work out the average.

Can you make money out of it eg; rental or renovation

When you buy it who will pay you more and why.

Do not make offers with out providing proof of your offer in writing.

How long has it been owned

Don’t…[Read more]

Thanks for the info …

D

The RBA looks at the over all picture and not necessary one particular area.

We just came back from visiting 9 country towns in NSW out to Cowra, i don’t know but with the water crisis and jobs its pretty scarey looking to invest in those areas.

I feel better investing near CBDs in major areas … the next interest rate rise will concern a lot…[Read more]

Dear CT & CL well here are my views before we go to the country for 3 days with the kids to buy some more property.

My research shows that people are really hurting, especially young families and first timers. One of the suggestions we give to people when starting out is not to buy a house but to start small and get a unit or second hand town…[Read more]

Dear CT & CL well here are my views before we go to the country for 3 days with the kids to buy some more property.

My research shows that people are really hurting, especially young families and first timers. One of the suggestions we give to people when starting out is not to buy a house but to start small and get a unit or second hand town…[Read more]

This could mean that the wealth may shift from waterfront properties to waterfront reserve properties …

D

Wright again GMH, did you watch the news last night,

The look on Peter Costellos face now that there will be another interest rate rise the only thing he could say was “its good news that petrol prices have come down and the average Australian will benefit enormously …

So is he saying “well interest rates are up but that will be offset from…[Read more]

Hi CT yes it is unsexy to tell it like it is … because people are ashamed to hear it.

The sad fact is bar the few 3% who will succeed the remaining 97% are falling further behind into debt and a life of misery… just watch ACA tonight and you will see why,

Dah this guy is dumb, hello credit cards and store accounts plus car leases won’t get…[Read more]

Just a quick thank you to all the people who have responded or read this thread …

It is obvious there is great concern out there currently especially when the rates rise even further, however thanks again for responding to this very successful post …

LOL

D

Hi GMH,

Makes me remember the famous words of Kerry Packer …

Every body needs one Alan Bond in their life at some point!!!

Is the property next door forsale??

D

Funny GMH … you can make up the difference by getting a Virgin and Aussie low interest creditcard and loading them up with debt.

Or

Use Henry Kayes formula of buying 1 million of property with a million debt, but u r still a millionaire, go figure.

Or

Adopt the principles of Steve and buy 260 properties positive cash flow in 7 years.

I…[Read more]

Vinnies are a charity and i think it is sad that they are involved at this level, the real deamons are government departments not teaching financial literacy at schools ….

What is happening in your life today is a RESULT of past DECISSIONS we make , it is nobodies fault other than the people who impliment those decissions. (self)

For things to…[Read more]

Yes GMH we see this first hand as well in another part of our business …

It is so good to talk about wealth creation however it is so sad that so few take up the challenge and do it correctly.

On Saturday night we were invited to a function where an interesting discussion came up about property and even the owner of this site was mentioned (in…[Read more]

Hi GMH

Peviously you mentioned that when we see programs on TV where people are being thrown out of their homes ……… well i think your prediction is about to come through.

On the weekend was a doc that forclosures are increasing at an allarming rate, even the missions were getting involved.

Then as “simple” pointed out commercial…[Read more]

Thanks simple but i don’t think it is that “simple” and “so what” well i believe that the idea of this forum is to discuss the effects in the market with our investment strategy.

Yes there are a lot of people who bought at the wrong time and are going to lose big, mostly from greed.

To be honest purchasing resi houses can be a bore and there are…[Read more]

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