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13-04-2015, 10:57 AM | #61 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 7,752
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love your style
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I reserve the right to arm bears
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13-04-2015, 12:09 PM | #62 | ||
Performance moderator
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Keep in mind .. Sydney prices are STILL 10% under Beijing market..
There prices are for shell .. You have to add electrical, plumbing etc.. -------------------------------------------------------------------------- If Dave sold his property 6 years ago and rented.. His rent would have gone up a decent amount and his term deposit interest rate on return would have come down heaps.. Just great financial planning ...
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Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 Last edited by ebxr8240; 13-04-2015 at 12:17 PM. |
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13-04-2015, 01:15 PM | #63 | |||
FF.Com.Au Hardcore
Join Date: Apr 2006
Location: NSW
Posts: 1,026
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Quote:
XXX000 what have you based your opinion on? We have a housing shortage, low rates, relatively stable economy, what will drive such a huge market correction? |
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13-04-2015, 01:35 PM | #64 | |||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Quote:
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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13-04-2015, 03:35 PM | #65 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,224
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I am not Dave289. Looks at his old posts and you will see the writing style and topics are different to mine.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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13-04-2015, 06:24 PM | #66 | |||
FF.Com.Au Hardcore
Join Date: Jun 2008
Posts: 1,137
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Quote:
The bubble is about to pop as the mining boom is over, big manufacturing jobs are about to go and people are going nuts on interest only loans that they can barely service. It used to be a healthy property market was underpinned by a healthy economy and jobs base, now the property market has become the economy and that's dangerous. |
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13-04-2015, 06:26 PM | #67 | ||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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I know I was just putting it out there.
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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13-04-2015, 07:40 PM | #68 | ||
FF.Com.Au Hardcore
Join Date: Sep 2007
Posts: 698
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Wow all this over asking for advice sorry if people end up with their feelings hurt.
I'm now looking to buy a house and land package in the town I live in. No train station here so that's out but it is in a new development area so all new houses near the lake so I'm hoping that's a bonus. I'm waiting on the company to ring me back I'm going to try and knock the price down and see if my brother can do some work as he is a plumber and roofer. I will keep you all updated on how I go.
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Missing the turbo feeling can’t wait to get back into another xr6t |
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13-04-2015, 08:06 PM | #69 | |||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,224
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Quote:
__________________
Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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13-04-2015, 09:00 PM | #70 | |||
FF.Com.Au Hardcore
Join Date: Aug 2007
Posts: 1,874
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Quote:
and yet many people are jumping into the market because at these rates they can afford to borrow more housing market is becoming overheated as people panic and rush to buy now thinking they better buy now before prices rise further. Sydney/Melbourne house prices can't keep rising at these rapid rates forever Ore prices have crashed to a fraction of their highs I watched the 'good times' end for so many people end overnight in 1987. People were overcommitted, they had to sell up and move to cheaper areas and locations. They sold the luxury items they bought thinking nothing bad could happen but it did. I'm no pessimist, in fact I'm a glass half full guy but reality is eventually things will change and rates will go up and more and more people these days have more to lose |
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13-04-2015, 10:30 PM | #71 | ||
Regular Member
Join Date: Jan 2010
Posts: 174
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This is tongue in cheek, but I'll be devastated if I have to sell my home and move to the beach!
Which is my plan if the poo hits the fan. Provided I can sell my home of course. |
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14-04-2015, 12:25 AM | #72 | |||
Performance moderator
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Quote:
__________________
Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
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14-04-2015, 04:51 PM | #73 | |||
Regular Member
Join Date: Sep 2012
Posts: 283
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Quote:
The repayments were like $8.00 week. Figured it would be like buying a lottery ticket each week. Never know what may happen in 10 yrs time. Some big time asian company might want to take over. |
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14-04-2015, 05:41 PM | #74 | ||
Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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I'm currently in the process of selling my investment property, I was tossing up if I should refinance or just sell.
My property has only just come back from the what I payed for it back in January 2008...right before the GFC My personal feeling, particularly here in WA right now, is the bubble is close to bursting again, the devaluation of iron ore, massive job cuts in the mining segment, property prices in towns in Port Hedland dropping dramatically and a massive drop in advertised jobs is the reason why I believe this. I don't believe it will be anywhere near as bad as 2008, but many are in for a rude shock. If the OP is still around and looking for advice, I would say wait for 6-12 months before thinking about getting an investment property, sit back and watch what the economy does for a bit. Property isn't going to sky rocket in that time. That's my plan if my place sells, pay off some debts, and probably invest some for a short term (1-2 years) gain, and hopefully have a decent deposit for next property.
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Holden: If you cant beat them, buy them. |
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14-04-2015, 06:12 PM | #75 | |||
WT GT
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Location: The GSS
Posts: 17,773
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Quote:
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14-04-2015, 07:37 PM | #76 | ||
Performance moderator
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Just so you know where I'm come from guys..
I moved here interstate from NZ in 1980 . I have said before my investments etc.. I am a self funded retiree.. I have enough to comfortably live on mainly due to purchasing property along the way.. The time and where you buy is most important .. It can be a lucky dip!! But what isn't ? NO ONE. Looks after your finances more than you... We have lost money in gardigan finances, mortgage estate, the latter I was lucky to take out pretty much the whole lot to purchase my first house.. So from way back I've never had confidence in some financial adviser .. See how I feel with super ? Now it's in pension mode ... Just do something !! Don't be negative...
__________________
Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
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14-04-2015, 07:48 PM | #77 | |||
Performance moderator
Join Date: Feb 2005
Location: St Clair..N.S.W
Posts: 14,875
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Quote:
__________________
Real cars are not driven by front wheels,real cars lift them!!... BABYS ARE BOTTLE FED, REAL MEN GET BLOWN. Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic! Dart 330ci block turbo black pearl EBXR8 482 rwkw.. Daily driver GTE FG.. Projects http://www.fordforums.com.au/showthread.php?t=107711 http://www.fordforums.com.au/showthr...8+turbo&page=4 |
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14-04-2015, 10:37 PM | #78 | ||||
FF.Com.Au Hardcore
Join Date: Aug 2006
Location: Melbourne
Posts: 1,674
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Quote:
What makes you think the bank will loan more because of low interest rates? They take a lot more than that into account to determine how much they will lend out, the biggest factor being income.
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15-04-2015, 05:55 AM | #79 | ||
FF.Com.Au Hardcore
Join Date: Mar 2005
Posts: 7,752
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Most banks are being very responsible these days (post GFC) coz they got burnt as well, we are going through the process now and they are far tougher this time round
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I reserve the right to arm bears
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15-04-2015, 08:25 AM | #80 | ||
FF.Com.Au Hardcore
Join Date: Apr 2007
Location: Miranda, NSW
Posts: 6,771
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Regarding super , I'm a big fan...Yes you pay a 15% contribution tax going in but the contributions, up to certain limits, are made from pre tax dollars, unlike the money needed to buy property and shares which has already been taxed.
Also only 15% tax on earnings, and no tax at all on withdrawal if held until 60 and you can choose the mix of investments within which you want the fund to invest your money ranging from no risk to high risk with income distributed accordingly. Only downside is you can't get to it which for some is probably not a bad thing.
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2005 BA MK2 FPV GT - 6 SPEED MANUAL , SILHOUETTE, SWISSVAX, SUNROOF, BILSTEIN AND LOVELLS, FACTORY GENUINE 19'S, X-FORCE STAINLESS QUAD CATBACK, ADVANCE HEADERS, 200 CPSI CATS, BLUEPOWER CAI, HERROD BREATHER KIT, 4:11 DIFF RATIO, MAL WOOD OPT 3+ CLUTCH, BILLET SHIFTER, MELLINGS 10227, NOW WITH REVERSE CAMERA/SENSORS, ALPINE SPEAKERS & SUB - CUSTOM TUNED TO 275 RWKW NOW WITH A NEW ADDITION - 2017 MUSTANG V8 GT FASTBACK - , 6 SPEED AUTO IN PLATINUM WHITE, |
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15-04-2015, 08:34 AM | #81 | ||
FF.Com.Au Hardcore
Join Date: Jun 2010
Posts: 2,276
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You don't know that there will be no tax at 60, by the time I get there retirement age will be in the 80's. That's if there is any left after the next gfc or the one after that.
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FG XR6 Turbo (Manual) - 301rwkws @ 15psi ---------- Rapid Systems Intercooler & Battery Relocation - ID 1000 Injectors - Process West Surge Tank - Venom 100 Cell Bolt On Cat - XForce 3.5 inch Catback - Plazmaman 4 inch Turboside Intake - Crow HD Valve Springs - Glowshift Gauges (Oil temp, Oil Pressure, Boost, Volt) - Malwood Opt 5 - XR50 Interior - FG2 Limited Ed 19's - Nitto Invo's |
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15-04-2015, 08:35 AM | #82 | |||
FF.Com.Au Hardcore
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Posts: 1,874
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individual people however would be more likely to borrow up to their limit when rates were low vs more likely to borrow less when rates are high |
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15-04-2015, 06:40 PM | #83 | ||
FF.Com.Au Hardcore
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Lets all wait through the rest of this year when 'The Federal Reserve' in the U.S start to actually raise rates again after being 0.00 for 6 years now...
Well thats what some news is predicting??? Last edited by GASWAGON; 15-04-2015 at 07:09 PM. |
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15-04-2015, 08:00 PM | #84 | |||
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Missing the turbo feeling can’t wait to get back into another xr6t |
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16-04-2015, 05:43 AM | #85 | |||
FF.Com.Au Hardcore
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I reserve the right to arm bears
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16-04-2015, 05:57 AM | #86 | |||
FF.Com.Au Hardcore
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I reserve the right to arm bears
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16-04-2015, 10:56 AM | #87 | ||
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I was going to take a Govt job in Hamilton... The Missus and I went down to look at some properties just before Christmas and it scared us just how desperate some where to sell. A house that had been advertised at 520k was being flogged to us at 400 - beautiful old Victorian in the best part of town.
Ballarat would be as country as I would go If I had to buy an investment property... |
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16-04-2015, 04:06 PM | #88 | |||
WT GT
Join Date: Jan 2006
Location: The GSS
Posts: 17,773
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I've been through Hamilton and it's a lovely place but I would never invest there. It's a town that is at the mercy of economic cycles. If you must, then buy commercial property that people want to rent, like the shop that houses the Telstra dealer or CBA Bank for example. But if it were my money then it would on a 2-bedroom unit as near to the Melbourne CBD as your money will let you. Must be within walking distance of train or tram. Think Thornbury, Eltham, Footscray. You'll get capital growth, higher rent than a house in Hamilton and constant tenancy. And don't go too far out from the CBD looking for a good 2-bedroom - drop back top a 1-bedroom to stay in the desirable areas if you have to. Thanks. |
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16-04-2015, 04:17 PM | #89 | ||
WT GT
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16-04-2015, 05:21 PM | #90 | |||
bitch lasagne
Join Date: Aug 2012
Location: Sonova Beach
Posts: 15,110
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Quote:
When the US sneezes, the world gets a cold. But the US is showing signs of economic ebola... |
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