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Look at the ABS population figures House_Keeper (abs site). There's also plenty of material on the web about the crisis facing many western countries due to an aging population.....one worker supporting more than one retired person, lack of infrastructure, the power of the grey vote, etc...

Timeframes Spiderman, timeframes. I posted this last November...the article was based on information even older. The market has shifted :) Look at the original question. Cheers, Aceyducey

AL, I don't believe that ocean view wastes time going to see all the properties. So long as the numbers work, the area is good & offers are contingent on inspections, traipsing through open houses is definitely not required :) Cheers, Aceyducey

Clearly you had some unrealistic expectations as well..... If 'quite a few bidders' were willing to pay up to $440K for the property & you only valued it at $300K YOUR barometer is also way off L Bernham. You need to retune it.... So what do you think that specific property will be...

Brains, You sound a bit pedantic to me - that's so unlike you! :D ABCDiamond's terminology is standard investor terminology IMHO. it's often used as a simple rule of thumb rather than telling people to work out a % of the purchase price. Cheers, Aceyducey

On Auction results, I thought it might be useful to compare the clearance rates at this time of year with the same time last year.....how about that! The auction clearance rates in Sydney & Melbourne are virtually identical & Brisbane's was lower last year. So did the boom end this time last...

The most amusing thing I find about the gloom/glory debate is thatit doesn't actually matter to me what happens. We have our strategies in place & will do well whatever the market does. I think the key thing - as Brains says - is to always have your plans in place. The future is opinion...

Don't you love self-fulfilling prophecies :) and again, perhaps the influence of the media is quite a bit stronger than some people have opined. Certainly there are several industries that make their money purely on the effectiveness of the media on influencing peoples' views. Was...

Got your attention? The Reserve Bank said in it's statement to the Productivity Commission Inquiry on First Home Ownership that people investing in Australian residential property were continuing to do so despite gross yields much worse than the comparable yields for local industrial...