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The bit I think we're missing here is that if there is a major price drop, unemployment will shoot through the roof. Banks won't be lending, either, so I'm not sure how first home buyers generally will be any better off. Sure, the numbers will be lower, but so will their prospects and ability...

Why am I here? Good question. I am here to learn more about property investing. I've managed to purchase 7 IPs over the past 7 or so years, and am now working through the idea of renovation to lift value (done some already), and trying to get some clues as to how the economy will go over the...

The money is being paid on a supply and demand basis, with a big part of the issue being people who say "eww, Canberra", and hence fewer people to spread the spend between.

Best of luck, drop in from time to time and say hi.:)

Come to Canberra, there are contractors (including me) getting better than $1k/day. That said, you make a good point about rates having stalled a bit. We are just now seeing some rates creep up a bit (just landed a gig at $1350/day).

Agree completely. Holding 'lower end' property is good, because there will always be demand.

Although normally positive, I've been figuring on (and predicting) a long period of stagnation for soome time. For this reason, I run a cashflow positive property investment portfolio. My plan has always been to let the property tick away in the background from about 2010 to about 2020 while...