Jump to content

brammy

Members1
  • Posts

    5
  • Joined

  • Last visited

brammy's Achievements

Newbie

Newbie (1/14)

10

Reputation

  1. Just wonder what you all think about The Australian government thinking about letting people Buy their Visa for around $50000
  2. brammy

    Property crash

    a few facts get overlooked here the idea you are paying of someones mortgage why you rent is and thats its dead money is quiet true when you buy a house the interest is dead money just like renting and some are right by saying buy now but if you set yourself a dead line like i have 6 months should tell you where the market is going and how fast if the market falls 10 % on the average house which is around $500000 you will save $50000 and you can get atlas 5% knocked off now if you negotiate well and nearly everyone has finally admitted prices are falling so stay put watch the market look at houses make a note of the price and when you saw it because they don't always put a price drop on the ad we looked at one on sunday at 615000 quite a few people turned up for the viewing and yesterday it was down to $595000 and my guess is they would accept less and while you wait a few months save like theres no tomorrow even a few thousand makes a big dent in the interest you finally pay back.but i think its easily to keep waiting just for a little bit more thats why i say set a date there could be a crash but i don't think so i think the next 6 months to 18 months will be the best chance you will get the beauty about the housing market is we all have an opinion and most will be right in some way.
  3. brammy

    Property crash

    I find the Property discussions fascinating,is there going to be a crash maybe heres my thoughts and love a good discusion first the mining boom is well and truly over its moved from construction to production so needs a lot less workers less demand for workers means a drop in wages also,population increase seems to be a deeply guarded figure where there seems to be a bad obsession for property ownership (more than one) at the peak a 1000 people a week were coming here the last one i heard was 750 a week were coming but they don't say how many are leaving the rental vacancy rate as gone up the government release a lot of land about 2 years ago which brought on the housing boom,only 1 in 4 are first time buyers leaving me to think a lot of the rest are investment properties so when they are completed the vacancy rate will climb further leaving some investors over exposed and if they can't fill there properties can they afford to pay for them empty,i work in flooring and have done quite a few rentals so they can sell and get out,a lot of people don't understand negative gearing and fall for the seminars where they say you can own a property investment for $50 a week my understanding is if you earn $80000 a year and you have a property that looses $20000 a year you can write it off against your earnings so you pay tax on $60000 a year all good but if you payed tax on $80000 you would have to pay $6000 more in tax but you would have $14000 in your pocket the only way you make money is if the property goes up in value which has to be more than $14000 a year then you still have tax on capital gains now i know its a little more complicated than that but the fact is house prices are dropping in perth mining won't hit $100 a tonne for many years contractors rates are falling unemployment will go up there are too many houses all this when interest rates are at there lowest and china is still slowing,greece can't sort its problems out will Perth fall into recession i think so how bad don't know depends on population growth house have already fallen %10 in some areas were are looking at buying but will wait for 6 months when things will become clearer i just think the property market could snowball because of too many property investors. but too most of you would i come to Perth in the resent climate the answer is Yes there is always opportunity and if you have a job a lot of it won't affect you its still great place to live i would recommend renting for a year at least if not 2 until you understand place i know a lot of people that bought quickly and don't like the house bought as i said i love a discussion and if my facts are wrong i liked to be corrected but this is opinion and I'm not interested in a slanging match we all have different views to anyone moving over Go for it and i wish you the best of luck its not easy and some of you will have hard times but we find it well wroth it Neil
  4. paulswin did get work theres always work for the right installer i can supply and lay vinyl planks where about are you Maeve
×
×
  • Create New...