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Brilliant mate! My potential buyer is back for another look this avo, this looks promising. Looking forward to gathering my capital into better assets and rent for a while.
Keep up the great work, we are lost without people like you
MrAntnest 1 month ago
@MrAntnest good news.. there are many better assets than property at the moment so take your pick! Cheers..
AussiePropertyBubble 1 month ago
@AussiePropertyBubble SOLD!!!
MrAntnest 1 month ago
I like this guy is smart - keep up the good work
tonismith6978 2 months ago
I live in Neutral Bay in Sydney and took a walk the other day and I tell you the amount of properties for sale was staggering. Some blocks had two signs in front of them. It is beginning and I think what we are seeing is the smart money getting out. The biggest factor you've touched upon so far is the 10% of houses being interest only loans. These people will surely start selling once the stock market crashes and prices pull back 10%. It's pure economics. GREAT WORK MATE!
EndTheResistance 2 months ago
@EndTheResistance Cheers... did you notice the number of commercial vacancies at at spit jn? Mosman has 4th richest postcode in NSW.. why so many retail vacancies in 4th richest postcode? rents are that unreasonable?? And funnily enough you'll see the same effect in Edgecliff/Double Pay (which i think was the 1st richest) Would that have something to do with Ric Battellino's comments (RBA deputy governor) "75 per cent of household debt is held by the upper 40 per cent of income-earners." hmm
AussiePropertyBubble 1 month ago
National Rent Assistance Scheme the new FHOG ?
DavidAKZ 2 months ago
@DavidAKZ that would certainly support developers while the market re-gains ground.. Theres a great rant on a similar process NAMA undertook in ireland - in an earlier vid i did APB - C) the prestige
AussiePropertyBubble 2 months ago
Nice work and mash up of many a quality debate and argument keep it up!
Brunswick1717 2 months ago
@Brunswick1717 Cheers, have you seen much happening in melbs? i know the listings are up so close to Xmas.. Auction numbers up this saturday for xmas eve?!!
AussiePropertyBubble 2 months ago
@AussiePropertyBubble
I think it is all about stock on market and apartments ... and more apartments and more apartments there is so much construction going on you should have a read of Leith at MacroBusiness.
Leith wrote some excellent pieces on the apartments coming into the pool of stock in 2012.
This will be an epic bust ~ if the Gov. leave the market alone!
Brunswick1717 2 months ago