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  1. S

    My Story

    This is what sorts the "wheat from the chaffe"......will be interesting how the SSers go over the next year once the Credit Crisis impact on Australia's economy is fully known! Remind to do a poll this time next year!:eek: In the meantime...I will ensure I get kevlar for my behind! ;)...
  2. S

    My Story

    Evand Can't see them coming down for a while yet as the supply constrainsts will not get fixed overnight. However, I am seeing that I will have to slow my 20% rent increases to something like 5-10% per annum. Unfortunately, party here is also over.:p My properties are slightly under...
  3. S

    My Story

    Agree on the survive and thrive and the 10 year time frame. Have you considered maybe reducing your portfolio by one or two places. I did it by selling one which reduced my debt level substantially? In your case you might be even close to neutrally geared. There is still time as the FHOG...
  4. S

    My Story

    That is not a good sign......in the last major downturn in 1990 the same thing happened. It is sign of lack of confidence in the general economy...vendors do not think they will get the price they want so they not sell unless they need to. Also, people don't upgrade and move.....I think the key...
  5. S

    My Story

    Good for you...and good luck! Please note the comments below do not apply to your directly, rather a general observation. Remember, I am not one of the original bears on this site. I am just a pragmatist. Forecasting....is done by everyone including business....but like everything you...
  6. S

    My Story

    Touchy are we?;) With all seriousness....I think NO ONE's income is secure at the moment. I have relos in all parts of the world...UK, Canada, India, USA...guess what they are saying? The job losses there have been very high in a matter of 2 months. We are trailing slightly...but we will...
  7. S

    My Story

    Skater, Diversification also applies to RE. The reason I raise this is because the Mt Druitt area will wear the economic stress the longest. It happened in the last recession. Even if you bought at 150-170k....I know a few who have bought in Mt Druitt areas for these prices and they have...
  8. S

    My Story

    Nathan, Congratulations on your achievements to date. You have done extremely well for your age.......as a matter of fact you achievements at your age puts you the 1 in 100,000. Well done! :) For what is worth....I would concentrate on managing your risk as you have a serious negative...
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