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What I've seen in my life is not the wages to borrowings stat that has blown out... It's the wages to level of housing expectation stat that has blown out. If it hadn't, then no-one would be buying 40 squares houses out in a dive like Craigieburn as their first home, then whine because of...

It is not a differnet market altogether. I have lived in a million different parts of Aus in my life, and I can tell ya; most of this joint is the same - mostly blue collar, with a spattering of yuppie-dom and elite. Don't be fooled by the media hype; Frangers is mostly a decent, blue collar...

Hey; first time you and I have agreed on something! :D Actually though; it's not that people don't have any money; it's that they won't be qualifying for any finance. People are still earning money, but still spending more than the income. I don't think people's spending/savings habits haven't...

I'll say it again.... I was prepared to drop the price, and suggested it, but as I said; HE said it was of no use to do that because there had been no offers. No real activity or interest. The market is flat. He actually said to leave the price as it was until the end of this month, and then...

I am always confident about property - over the long term, and I have always said that. Yeah; right now is not a good window, and I have always said there are cycles - especially when the perma-bears and Trolls keep whining about how expensive it all is. Sunfish, show me where there has been...

Not a totally done deal yet, but so far so good.. I'll get excited when I see the money in the bank. Funny how life goes; we might still see this sale fall over, spew heaps about it, and then find things turn around and we needen't have worried about selling at all. It's happened before. :D...

Thanks Jason. We could probably hold off until then (but when is then?), and it looks as though one of the others we want to sell has sold, so less pressure. The new incentive if it eventuates will no doubt kick sart the bottom end again, but it will depend on how they structure it - the...

We have a 2x1 bedroom unit with SLOG, courtyard, separate toilet, in a quiet court in Central Frankston, near Myers and the train station, near the Monash Freeway entrance, near the hospital and the TAFE. We need to sell it, and have been told by the agents it is worth $270k. In 6 weeks of...

Maybe they were one of the tighest Banks during and after the GFC, lost some market share and now are trying to get some back? They're still not gunna lend you money if you are marginal, and I think this is one of the goal past changes across the board that noone knows about - the banks'...

Don't know about this one right now. From what I'm seeing and hearing, obtaining finance is not easy ATM unless you are in a strong financial position - always a criteria, but moreso than two years ago.