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I was chating to the agent who sold 1 Fairlawn in Turramurra last weekend Estimated 1.9 , sold 2.19 His comment was very few of the properties sold on the Upper north shore sell to investors . According to him , slightly quieter today , though the house next to our old PPOR had 15...

I'd assume so , but I'll find out tonight when we meet with our broker . Originally tried to catch up last week . But now I'm glad it's tonight .... Cliff

Out side our weekender , all our Properties are in capital cities . In the past we have held properties in Townsville and rocky . Cliff

One issue is the average investor only has 1 IP . On somersoft , there are an unusually high number of multiple property owners . We have 14 and made an offer , accepted on another yesterday . I was planning on buying over ten more in the near future . I'm still happy to buy some , but not...

My initial thoughts are if it slows down the rate at which investors can buy , further down the line , it will slow down new buildings , potentially raise rents and make it easier for the RBA to drop interest rates further . The sum would be to increase returns on those with existing IP's...

Peter I would have thought you'd be too busy fielding questions from clients to have a chat here , or are most of you clients somersoftians . :p Cliff

And at what rates ? For standard and basic variables ? Any discounting ? If IP's are limited to 80 % , do the brokers feel this maybe a factor in putting the brakes on Sydney . People who are buying in Sydney , are they borrowing to the limit or being relatively conservative ? One...

Just looking at doubling the number of deck chairs on the titanic . That's not an iceberg , that's opportunity :D Cliff

Mm So what does that mean for a standard variable rate now ? Just as I was about to go on a spending trip :( Cliff