Search results

Since the age of 13. That would make it about 13-14yrs, in prosperous times with credit driven growth. You were in primary school the last time Australia was in recession. I'm sure your well positioned to take advantage of tougher economic times. But I'd argue that many in property are not...

Yeah, but Canberra is a different market. Canberra is full of government agencies wasting tax payer dollars paying double for contractors that the private sector does elsewhere. Nah, I'll pass on Canberra for living on the harbour.

Thats what I see. A lot of people purely got lucky in a credit driven property boom and think they are experts. Even those with only a PPOR who did nothing and saw their $400K PPOR increase to $1.5m. Yes, people like nathan and dazz will do well in any market. But the reality is they do not...

Yeah, you really can't compare the Dot Com days to now. $800 is the higher end ( in areas like BI and Data Warehousing). Normal is around $650 for a run of the mill developer. More outsourcing, more people with degrees, more 457 visas, no Dot Com you can spell HTML so your worth $150K stuff...

A Real Estate magazine says that all is good in real estate. Who would have thought.:p I think you property spruikers are behind the curve on this one. There will be a correction. Just like the economists are behind the curve in that they can't see a recession on the horizon. Anyway, I'm...

Hey Nathan, given your properties tend to be in more lower socio-economic areas, maybe the yawn will turn around when your lower socio-economic tenants start to struggle more as Australia heads for another recession. Just a thought. Maybe you'll be wide awake when your vacancies and arrears rise.

Your good friend and the mortgage broker are there to do a job and spruik property. That's how they earn their money. The property industry is starting admit now that things are slowing. So keep dreaming Propertunity that property will not correct. First-home buyer numbers drop off

Well, I'll give myself a pat of the back. Posted this on Mon, and in the 2days since then, the bonds have spiked for Italy and Spain, and the world is starting to look at the possibility of Italy and Spain needing help eventually. EU Revives Buyback Idea as Crisis Hits Italy There is no doubt...

I think you'll find the worst case is worst than property just going sideways for a while. The government might throw more money at property, IF it had any money left to throw, which is does not. Another global downturn would make credit harder to get (even for governments). And another global...

That is if you believe we are in a "normal cycle". There was nothing normal about 200-300% increases in 10-15yrs . I don't think we'll see a flat market like these economists. I think we will see a 30-40% correction. Nothing normal about this cycle. The worlds is still in a mess. We...

Come on Propertunity. Your holding onto thin straws there. The Sydney figure was at least 3% a few months ago. Given that the figure is a Year on Year amount, then Sydney prices have actually started falling, and the 12mth gain is now only 1%. In another 3mths, Sydney will also be Red and...

Yeah, Yeah Propertunity. Keep denying the inevitable. By the way, the same economists were only recently predicting prices would rise 20% over the next 3yrs. Saul Eslake may be saying there will be no correction as this point. But like all economist, I expect that he'll "revise" his...

Looks like all the economists and property spruikers are slowly coming to the realisation that property will struggle over the mid-term. Decade of house pain predicted I'm just wondering, for all the people on here that believe everything the RBA and economists say, and say why listen to us...