Am I concerned about the bottom dropping out of the US financial market? No, not really, unless it adversely affects interest rates. At this stage, I see no reason to change my optimistic view of the future, although I must admit that current interest rates are killing me. I have taken steps to address that by [...]
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Positive Real Estate reports: The meagre share market returns, rising property values and increasing yields in Australia???s current economic market is encouraging investors to return to the residential property market during 2008. Craig James, Chief Equities Economist at Commsec, has been quoted saying that residential property prices will grow by 10 to 15 per cent in most capital [...] Positive Real Estate reports: Australia’s housing affordability crisis is expected to dramatically worsen during the next five years, with property prices forecast to rise by as much as 40 per cent. Economic forecaster BIS Shrapnel says housing affordability, already at record lows, will decline even further in the years ahead as demand continues to outstrip supply. BIS Shrapnel director [...] With interest rates rising slowly & possibly looking to rise even further, it’s potentially an exciting time for an investor. As rates rise, people become nervous about their ability to repay their loans & start to reconsider whether they can afford to stay in the beautiful home that they saved & slaved so much to get [...] This week, I came across a “deal I couldn’t refuse”. A large 4 bedroom house in a suburb of Townsville, with just $100 down & the remainder on settlement sometime around October. I sent a return e-mail within minutes, received the notice of intention document back, filled it in & shoved it onto the fax, & [...] Julie & I have just had our whole portfolio re-valued. And we have been able to borrow against the increased valuations. Let’s just say it was enough to pay out the credit cards (they were nearly maxed out from deposits & other activity), pay the full deposit on the property in Cairns (the one that [...] OK, we’ve had problems getting finance for the chalets in the Health Resort. It seems that backs & other lenders want to be able to take possession of a property in the event of a loan default, so that they can then get someone to occupy it (& pay them the rent, I guess), or arrange [...] Last weekend, Julie & I flew to Brisbane to check out the latest property purchase, which just happens to be 2 Hilltop Chalets in a complex managed by the Golden Door Health Resort. It’s way up in the hills opposite Dream World, on the way to the Gold Coast. Not only does it provide a 10% [...] OK, so I want to retire, sooner rather than later. Hey, how about we put some of that workplace training into effect here? If it???s good enough to run multi-million dollar projects for the company (not that I did any of those), then it???s good enough to use towards planning for retirement. Come to think [...] A term that has been around for a very long time – The Great Australian Dream, which, along with the Great American Dream, is owning your own home. OK, so how important is it really ??? to own your own home? More important, for example, than being healthy? Or happy in your relationships? [...] |
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