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Why August 2009, anything to do with the fact that was a low point in the median prices ? And why pick Medina ? You can count the monthly number of houses sold on one hand and the quality of properties varies between asbestos homes on subdivided blocks to double brick homes on large blocks so...

Not really, if interest rates are at 18% and coming down soon its because the economy is slowing down. Also bad time to buy a house because you may lose your job soon. Best time to buy is always before the last boom, even then I'm not so sure that it was a good time. :D

Didn't use a calculator but a $600K loan at 6% would set you back $50K+ over the 12 months and then another $50K over the next 20 years in interest at 8% so there is your $100K. :p Unless you expect the IR to stay under 5% for the next 20 years ? Of course, the assumption was that the...

Very little land component and I believe poor value for money seeing how you can still get older houses on 700 sqm blocks for same or slightly more money. The way I look at it is it may be a new house now but with time the land goes up in value while the house depreciates. Even at $299 if you...

Terry Ryder came out on Today Tonight and said something along these lines as well. Apparently prices should at least double by 2020. Don't seem to find a link to the video clip but here is an article on it, http://au.todaytonight.yahoo.com/article/5481349/money/value-home-2020

OK you caught me, it was an exaggeration but not by much and only because interest rates have fallen so much in the past year.:D But even these low rates there could be something like $40K in interest rates added to a $500K loan over a year and which by the time was paid off in 20 years would...

:D That's some deal, the interest is still accumulating so instead of paying your mortgage in 15 years you take a year off and now it takes 20-25 years to pay it off and a hundred thousands or more extra in interest. Still, the government looks like is doing something for the people and the...

I too got into CBA and BSL and am up on CBA but down on BSL, but that's besides the point. While you may show a profit now the capital raising has still diluted your existing shares so you could only speculate on how much they would have gone up or down without the CR. Not to mention that it was...

Don't know about the Swiss stockmarket but our stocks are a bit dodgy at the moment, as soon as there is a bit of good news and the price starts to go up they do a capital raising and down comes the price. Unless you have insider information property is a much safer alternative and there are no...

Some forum that came up on google when I did a search on Australian house prices and suburbs that crashed, globalhousepricedcrash.com. Looked like a decent enough forum but trying to register there was harder then getting a $1M home loan from the bank without a job and no other income or assets...

Thank you and what a nice ship it is. Just starting out. I'm hoping to sell my own place then use some of the $$$ to build a smaller house for myself on the vacant block I bought a few years ago. That should free enough $$$ to buy a few low end IPs using 20% deposit. At least that's the...

Hello everyone. What a wonderful well run forum you have here. After the last couple of weeks of unsuccessfully trying to join and post on the Global Property forum I've managed to register AND post here in just a few minutes. No waiting for days for an administrator to accept my registration...