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Hate to say it, but I tend to agree. Happy to be proved wrong though. What's changed/improved to sustain the growth? Unemployment - up and going more up. Wages - not going up by much - across the board (except for many of us here in our SS wealth/career fishbowl) Business confidence - down...

If you have a negative cashflow property, the nett yield is positive. "Negative cashflow" is where the property is initially neg geared, but all the cash and non-cash (on paper) deductions return a positive cashflow to your bank account after the tax return. Plus cap growth. Most auctions are...

We owned 2 properties in Kalgoorlie from 2003 until we sold one last year, and still retain one. Neither place went down in value that I'm aware of since we bought. Maybe a slowing down for a time, but overall both went up.

Don't sell yerself short. From my experience, MB's have a pretty good handle on this topic.

Prices did crash in Melb in the early '90's when the interest rates hit 18%. That's about the only time they ever have to my knowledge, and it was mostly yer higher end speculative purchases if I remember correctly....folk having to offload the overpriced panic purchase of the previous boom...

He's a bit too silly for me to bother with. Try Andrew Bolt. He rolls out that stat almost every week...loves to give it to Tim Flannery in particular. Remember him? He said the dams would never be full again. And AB is more than happy for anyone to go on his program and debate it (the temp...

I'm told the world temp hasn't risen in the last 15 years, so we can turn down the volume on all those blokes and blokes like old Steve.

bwahahahaha!

Must be looking in some different suburbs to the rest of the Country.