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Be carefull you don't make a different mistake this time. Last time you bought at the top of the market. What sort of info do you have to indicate the market is likely to move in the near future ? You're not going to be able to get anywhere near cash flow neutral in those areas at the...

Given that most of the agents I've talked to say the market has dropped about 15 % since the peak ( In Sydney ), it's probably about what you can expect at the moment. See Change

Andreas I'm not convinced that it helps . I wonder whether seeing your property constantly going down just reinforces your opinion that you can't make money on property investing. There are two experienced investors on the forum that I can think of who sold up in Logan and Ipswich just...

Spring can be over rated. While it brings new buyers it can also bring lots of new houses on the market as well....... See Change

Number 2 is a big assumption. After last peak in Sydney ( around 89 ) property went backwards for several years. In some outerwestern areas this period was close to ten years. Crystal ball gazing to know how long it will be this time. Books Jan Somers , Story by Story and More wealth...

Ditto See Change

Georges There's nothing inheritantly dangerous with borrowing 100 % if you do it with care. For me this means getting your timing right. We 've borrowed all of the money for all of our IP's. The Deposit and purchase funds have come from a LOC on our PPOR which we owned outright at the...

Kenneth I've answered this on other thread where you asked a similar question. http://www.somersoft.com/forums/showthread.php?p=166001#post166001 See Change

Gee , great stuff Dick...... :mad: It comes down to everyone doing their own research which Georges has already admitted he didn't do. It takes a lot of courage to come out and say you stuffed up , and ask for advice on an internet forum. The forum , and Georges need posts like this ...