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I agree. A problem with people renting is they don't develop the saving discipline that having a mortgage does. Like the guy I work with who just bought a $45k car and has no home. He says he "can just borrow $400k, no problem" , for a nice unit. When I explained that's nearly his whole wage...

Sold plenty Sold 2 PPOR's on the Central Coast in the 90's for a loss (after taking out buying/selling and holding costs above rent). Both in slow markets and I waited 3 months for my price. Sold a Sydney unit in 2001 in a slow (post-Olympics) market and got a little less than I would have got...

Landlords in a depression As a "hope for the best but plan for the worst" strategy, I attempted to find out what I could about how property was affected in the Great Depression. The most relevant piece I read was from "Conquer the Crash" by Robert Prechter (who first predicted a huge crash...

Meadowbank average cap growth My Mum bought a 2 bdrm unit in Meadowbank in '97 for $165000. It was valued at $320000 last year, so it doubled in 10 years. It's a reasonably priced area for it's fairly close proximity to the cbd and the rental yields are about what you'd currently expect. A lot...

I painted my bathroom with tile paint 2 years ago and have just had to gut my bathroom to renovate it properly. There was some moisture under the bath which caused the timber to swell as there was apparently no waterproofing done on the last reno it had. Anyway, the tiles were cracking and...

Good Gold Coast solicitor The only Brisbane conveyancer I've used caused me grief. For my last Brisbane sale I used McDonald Brown at Burleigh. Ph: 5535 1822. I'd used them twice previously and they are the most efficient conveyancer I have come across in over a dozen property transactions.

I know property isn't as volatile as the sharemarket, but look at this article about what's happening to property in the US. http://money.cnn.com/blogs/generationrisk/2007/03/real-estate-can-only-fall-10-to-20.html The US led the global real estate boom and we could follow them into a...

Chartists. Elliot Wave international, in particular. The only people I know who picked the "corrections" we've just had in the sharemarket almost to the day...

We're in a time of record global debt and rising mortgage defaults (a concern when interest rates are close to an all time low!). I have serious doubts as to whether our housing market can recover before it crashes big time. The most hopeful predictions aren't promising anywhere near enough...

Could be sooner than expected... Check out www.elliotwave.com.

My 2 cents worth... I think people will become a lot more negative than they currently are about property before the market booms again. I remember all the anti-property talk about residential investing in the mid 90's. I heard statements like "Low inflation means property wont rise again..."...

Thanks for the transfer info, Hiflo :) . I had figured I'd still be up for mortgage stamp duty etc.

Hi all...new to this site and am wondering if anyone can give me some help? My ppr is heavily mortgaged and I want to sell a share to my partner - seeing as she's living there and paying me rent anyway and would only buy her own ip instead. That will reduce my level of risk and if I wish, I can...