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    People still investing in Australian residential property are just plain dumb

    Hi unit, I'll agree with that comment. My wife reckons our PPOR is worth about $595k. I've been thinking it's about $460k, although just been told i could probably get $490k. One day it will be worth what she thinks :), but by then she may think its worth more. If we did decide to sell, we...
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    People still investing in Australian residential property are just plain dumb

    I like to get at least $1 pw for every $100k cost price. eg: $265,000 getting $265pw. Any less than that, probably wouldn't work out very well. My nephew just got a house last week for $260k, and it can get $270pw. Thats in my local area, Redlands, SEQLD.
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    People still investing in Australian residential property are just plain dumb

    Re: your views Ocean I think the answer could be that statements gets made, and are looked at by others who disagree. eg: you COULD have said : "We do know that the BOOM is over in most areas" and that would have brought replies from those who disagreed that the boom is over " in their...
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    People still investing in Australian residential property are just plain dumb

    Rising vacancy rates in some suburbs are giving landlords a headache, says Paul Coomb I've just been reading some old articles from Sydney Morning Herald, and the warning signs have been around for some time: eg: October 17 2001 some quotes are : "There's little or no capital growth for...
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    People still investing in Australian residential property are just plain dumb

    Have you been reading this article from The Australian quote: But if the world suffers another terror attack or the Middle East situation deteriorates, then the effect on consumers, particularly those in Japan and the US, will curtail the recovery. The share market will not take long to react.
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    People still investing in Australian residential property are just plain dumb

    Jakk I'm glad you brought that thread to our attention, I wonder how many people have been sitting it out since August 2001. I'd hate to have been one of the ones influenced by their 30yrs and 19yrs "Experience".
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    People still investing in Australian residential property are just plain dumb

    Hi OceanView Unfortunately, there will always be a certain number of people who listen to the "experts", and believe everyword they are told. The problem is; which "experts" do they listen to. The ones who say that the end is now ? And prices WILL drop. or .. the others ? But...
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