'Growth' Property and the upcoming problems.

[Plumber]

Hi Shane,

I suspect Pop has a bit of selective memory these days. I thought I'd just post his comments to see if anyone was able to verify what he says... LOL.

Pop had about 25 properties when he retired in 1990. These days he regrets selling some of them. Some of them were bought mid 1950's.

Cheers dave

 

[Angel]

My parents bought their home in 1969. They required a 30% deposit and thought the ten percent deposit we paid in 1980 (Building Society) was too easy. Both Mum and MIL stated that interest rates were fixed for the entire term of their loans so there were no nasty increases like we got in the 80s.

 

[Deltaberry]

what you're kind of saying is that at the peak of Japan's silliness they only lent on three generations. but in australia, today, we're willing to lend on googolplex generations?

Oh really? I thought the avg house took around 15 years to pay.

 

[HomePage]

Oh really? I thought the avg house took around 15 years to pay.

At current and recent interest rate levels maybe. Heaven forbid what will happen if they return to historical average levels, or higher.

 

[plusnq]

At current and recent interest rate levels maybe. Heaven forbid what will happen if they return to historical average levels, or higher.

What is the long term average level of interest rates?

 

[Aaron Sice]

What is the long term average level of interest rates?

the overnight lending cash rate or SVRs?

 

[plusnq]

the overnight lending cash rate or SVRs?

The relevant one to property investors, home loan rate, of course.

 

[MichaelW]

The relevant one to property investors, home loan rate, of course.

About where it is right now. 7's ish.

 

[Ausprop]

Oh really? I thought the avg house took around 15 years to pay.

if you put 15 years P&I into a serviceability calculator then property would be seriously unaffordable

 

[Deltaberry]

Oh so I guess it's more 7 then

 

[Wunderbelle]

RE: Boom areas?

Hi we are very new investors
thinking about Rockingham in QLD
any suggestions or help would be much appreciated

 

[Rooster]

Hi we are very new investors
thinking about Rockingham in QLD
any suggestions or help would be much appreciated

Do you mean Rockhampton?

Either way, I'd suggest starting your own thread.

Cheers

Rooster