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Surely you're not suggesting that oil producers will knowingly take advantage of the economic turmoil for their own personal gain?! Wouldn't that be immoral?:confused:

Interesting thoughts from Harry S. Dent, aqs he wrote a few years back: "The perfect storm has been brewing: the collision between our long awaited peak in baby-boom spending and the final bubble of this unprecedented bubble boom, the oil and commodity bubble. It started with the first...

Makes me think of the CSS that I'm in, widely regarded as 'the goose that laid the golden egg' among financial advisers. Will enable me to stop working in a few years at age 55. Sadly I've only been contributing 5% but even so with income from the IP's I currently have as well I should have an...

According to a news article on tv yesterday Greeks (living in Greece) are eligible to retire at 53 (!!!!!!!) but one of the requirements being imposed on them by the Germans is that the retirement age be raised to 67.

Fortunately, according to the real estate agent I spoke to, that does indeed appear to be the case in this instance.

In my case because my apartment is going to be my ppor for a number of years I wanted to make it a place that I was happy to come home to and a place I needn't be embarrassed to live in, hence the effort I went to. Even so it was interesting to learn that expenditure isn't necessarily reflected...

I use a crystal radio and a wind-up gramophone for my entertainment if they count...

Margaret Lomas was interviewed on tv yesterday regarding her thoughts on the property market and the latest interest rate rise. She said that Australia had thousands of property markets that weren't accurately represented by what was happening in the better parts of Sydney and Melbourne.

Fair call. I appreciate what you are saying and wouldn't have done anywhere near as much if I had been intending to sell in the very near future. It is indeed frustrating to know how much I have spent on improving the livability of the place while also being aware that a potential buyer would be...

I organized most of this myself and was able to get work done far cheaper than what had been quoted to me by various companies I had received quotes from by using independent tradesmen, so it looks like I took myself for a ride. A real estate agent who looked at my apartment both before and...

Moved in to my own apartment 6 months ago (that I'd been renting out as an IP for the last 15 years) and spent $50,000 doing it up for myself to live in only to find that it has only increased in value by the amount I'd spent on it. Great lifestyle decision but poor investment/value adding move.

Ashgrove? (hey, I've got a property there and I have to convince myself I made a good buy!)

I've always felt that the term 'the lucky country' as applied to Australia has always been misinterpreted. Rather than being in a fortunate position through good government and private sector management and investment, it is in fact only by 'luck' that Australia is in the position that it's in...

Congratulations Brian. :)

If your goal was to be a bum and you achieve that goal then yes, you've been a success.

A buyers agent was trying to get me to buy an apartment in a new complex in Cairns about 5 years ago for the full price that the builder was asking, $220k. I made a few phone calls to local real estate agents to learn that other apartments in the complex were being sold by owners off-loading...

Perhaps cashed-up Chinese investors are seeing the writing on the wall and hence why they are investing in what they hope will be a more stable property market in Melbourne, just as Hong Kong residents were buying up real estate in Auckland and Vancouver prior to the reversion to Chinese rule in...

So investing in property is just for the wealthy who don't need to take out a loan? There seem to be plenty of people on this and other forums who started investing with very little, borrowed, bought wisely (although most admitted to making a few mistakes along the way) and have definitely...

So those who are already well heeled can take advantage of the situation while those who want to improve their lot in life can just keep working for peanuts and watch on from the sidelines? @#$% that! There's a lot to be said for fixed-term loans.

Excuse my ignorance and stupidity, but how are you supposed to purchase more properties if you don't borrow money? I have 4 investment properties and that's how I bought mine. So unless you have the cash to buy outright then don't invest in property? If this isn't what the RBA is saying then...