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Hehe, and I'm betting that a significant number of investors are refinancing or doing equity pulls, which will be included in that figure. Speaking of myself, I know I am. My borrowing has increased quite a bit, but the funds are sitting in offsets, so technically my borrowing has...

Hobo, I'm not really sure why you are here, or what you expect to get out of this forum as all you do is complain about the prices of properties and the folly of negative gearing. We don't make the policy on that, only work within the guidelines. Like I've said earlier, I don't give a flying...

Just because YOU don't agree with it, does not make it so. I'm sorry you can't afford to buy a property, but I'm not going to make excuses for the price. This part is always left out whenever the doomers talk about affordability. How convenient!

Only partly! :D Years ago, a couple we know dropped into the skating rink to collect their child. They were dressed to the nines & looked like they were going to a wedding. When we asked where they were off to they said they were going to Sydney for a presentation on an investment...

And wearing a suit! You've got to look the part, you know!

Well, after losing the crappy house due to our Business, buying the next PPOR, but never living there because hubby got work elsewhere, then the Letho place (again, we didn't WANT to live there, but circumstances said we'd be stupid NOT to, even though we could have stretched & bought in a...

And if they WANT a 2 bed apartment, they can get one for half that price if they go west, but of course, we don't want to live west, do we. :rolleyes: They can even get a 3 bedroom home with plenty of change if they move west too. Oh, and let me just add, before Hobo jumps up & down & says...

And I've heard this a thousand times too, but what isn't addressed is where the property clock sat at the time of purchase. I mean, if someone bought in Sydney a couple of years ago, it would be more affordable than it is today. Sometimes timing is everything. Another example is my first...

I'm not about to read the entire thread, however: Response 1 That doesn't sound like he's telling the OP to jump into a hot market. Response 2 Still not telling him to jump into a hot market. Response 3 Questioning it's worth, another that's not telling him to jump into a hot...

Really! I can't recall anyone here telling someone else to jump into a hot market! There's many threads with asking for advice, and if they should buy in xxx suburb. There's also a lot of responses to those same threads warning that it's hot in Sydney right now. In fact I've answered quite a...

So we get to the root of the problem! You now have a vested interest in trying to keep the property market down, so your own offspring can purchase (as if it's at all possible to keep a booming market down). Maybe you should be teaching them to save their money, not go out drinking or...

There it is again! Oh boo hoo, go cry me a river! Yes, property is expensive. I make no apologies for that! Not everyone will own a property! I make no apologies for that either. The fact is that it IS expensive, it has always been expensive and it always will be expensive. You have to...

For me, personally, I don't give a flying fig what they do with NG, because I'm not negatively geared, but I do find it offensive that so many people have a problem with property investors that are negatively geared, yet no issue at all with any other form of negatively geared business or...

Well......if Steve McKnight says, it must be so. :rolleyes:

But you did it by quoting me! I'm not being narky, I'm letting you know that my comments and your chart do not go hand in hand. If you are going to quote me, then post something relevant to what I'm talking about, not something based on the whole of NSW. No need to be narky for being...

Another thing to consider is that with the internet, it is no longer a scary prospect to own an IP, and there are many FHO's who buy a home to move into at a later date, but intend on it being an IP for a few years first, in order to pay some of the loan off. So, for the purpose of...

I'm getting pretty sick of your charts. Unless you aren't aware of it, NSW is made up of many markets. There are even markets within markets in Sydney. My comments were merely to highlight what I have seen in an affordable area where you often find both FHO and investors, not NSW in...

Yet more baloney! I'm not sure about you, but I don't compete with FHBs. They are willing to pay too much! BTW, I play in the same market as a lot of FHBs too, where you find a lot of lower priced properties. For this reason, I am sitting out of the Sydney market, although may re-enter in...

Of course it does. It really isn't rocket science, you know. More people needing to rent somewhere, with less properties available to rent means there is increased demand. Hence higher rents. Turk get's it!

You are missing the point. You have the investors that bail (remember 90% of investors only have one IP, many just to 'save tax'), then you have the investors who just don't buy. You are not going to buy an IP to 'save tax' if there's no tax to save, now are you? So......this reduces the pool...