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Oz bubble goes mainstream; Kochie tells it like it is
Topic Started: 8 May 2012, 12:20 AM (3,769 Views)
themoops
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SQM Research shows house prices are falling right across the country as the market digests a glut of more than 360,000 properties up for sale.
On top of that, Australians are unwilling to increase their debt while the banks are reluctant to expand their lending.
It all paints a pretty bleak picture for sellers who need to adjust their thinking and tactics to optimise their chances of a sale. Selling in tough times needs a different mindset.



http://www.news.com.au/money/david-and-libby-koch/beat-deflating-property-bubble/story-fn7kicty-1226348121027
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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themoops
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Kochy doesn't need to be a nancy boy spruiker informercialist. He probably gets about a million a year from Sunrise.

If I was selling now I'd take a 20% hit just to get out asap.

You've been warned bulls. Time to stop living in your fuedalistic disneyland fantasy world.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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stinkbug
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themoops
8 May 2012, 12:24 AM
Kochy doesn't need to be a nancy boy spruiker informercialist. He probably gets about a million a year from Sunrise.

If I was selling now I'd take a 20% hit just to get out asap.

You've been warned bulls. Time to stop living in your fuedalistic disneyland fantasy world.
I might put your rent up again.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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zaph
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SQM Research shows house prices are falling right across the country


i thought SQM didn't track house prices...
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NotFooled
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The Bear Whisperer

stinkbug
8 May 2012, 12:42 AM
I might put your rent up again.
:lol

........
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hoofarted
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stinkbug
8 May 2012, 12:42 AM
I might put your rent up again.
You cannot put it up more than you are losing. Win / win? :pop:
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Mr Griffin
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stinkbug
8 May 2012, 12:42 AM
I might put your rent up again.
Yea. An extra $10/week should compensate $1,000 per week being wiped of the capital value.
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stinkbug
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Mr Griffin
8 May 2012, 09:53 AM
Yea. An extra $10/week should compensate $1,000 per week being wiped of the capital value.
In 15 years time, when my tenants have finished paying off my properties, I'll no doubt come back and have a chuckle.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Ben D
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stinkbug
8 May 2012, 10:00 AM
In 15 years time, when my tenants have finished paying off my properties, I'll no doubt come back and have a chuckle.
...and you probably won't think past that... which will save you the despair of realising how much more money you could have made if you didn't have it tied up in property all that time.
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stinkbug
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Ben D
8 May 2012, 10:09 AM
...and you probably won't think past that... which will save you the despair of realising how much more money you could have made if you didn't have it tied up in property all that time.
Here's the problem - I've already made a lot of money from property, and the properties I own are, without exception, in areas with very high demand. I've been keeping an eye on prices for these areas, and so far I have one suburb flat and others still rising. I have some properties that have tenants who simply won't leave, because they know they won't be able to find another similar property at the price they currently pay (don't forget some states have rules around how much you can increase the rent by each year).

I don't expect my properties to rise continually. In fact, I think several of my properties have risen too far and are due for a pullback. But when I look at the prices I actually paid, and that in most cases properties that are cashflow positive even on P&I loans, it seems less risky to simply hold on for the longer haul. No doubt we'll have some stagnation even in high demand locations, but my longer term plan is to live of the rents I get, and while rents keep rising, and the loans keep reducing, I'm more inclined to let it run.

Is it possible to make more money elsewhere? Almost certainly, but the risk is much, much higher. Also, I don't want to incur the costs of selling, especially CGT.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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