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Search: Posts Made By: renth
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Forum: Australia
Mar 10th 2011, 3:15 am
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Do you mean a slow correction? I don't know if any bubble's have done this. I'd be interested to hear if there were any though.

Maybe house price bubbles do deflate rather than pop due to the...
Forum: Australia
Mar 10th 2011, 1:55 am
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Negative, ALL bubbles burst. If they don't burst then they weren't a bubble in the first place.
Forum: Australia
Mar 9th 2011, 10:48 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Renth agrees with lumpommer.
Forum: Australia
Mar 9th 2011, 12:10 am
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Don't forget though, they would have also paid about $60k stamp duty, (maybe more) on buying the house and another hit on their subsequent purchase. So it adds up to over $300k hit. Ouch!
Forum: Australia
Mar 8th 2011, 11:28 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Already happening in Perth, no point arguing IF it's going to happen.

In my street alone there are 1 property and a block that have been on the market for ages, the house has had price reductions...
Forum: Australia
Jan 23rd 2011, 11:01 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

The bank that you work for, which you are the manager of perhaps...
Forum: Australia
Jan 22nd 2011, 1:25 am
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Anectodal - People we know in Iluka are trying to sell, OKish house in nice street. Went on the market about 3 months ago for about $950k, no luck. They sacked the EA and re-marketed it for $850k, no...
Forum: Australia
Dec 6th 2010, 2:25 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Good on him. All about timing. I plan to do the same the next time the wheel turns.

Anectodal - neighbours house on market, forced sale - divorce. Well known agent suggested lowering the price...
Forum: Australia
Nov 29th 2010, 5:09 am
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

I was reading an interesting article recently disproving the dual income driving up house prices theory, on Zerohedge or Money Morning. I'll have to dig it out.

As far as I'm concerned the thing...
Forum: Australia
Nov 28th 2010, 11:01 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

I'm with you on that one. The time to buy is when everyone thinks you are crazy to do so.

Could be some great bargains if there is a crash.

...and everyone will be calling us "vultures"
Forum: Australia
Nov 28th 2010, 10:58 pm
Replies: 1,008
Views: 103,635
Posted By renth

Re: The Great Australian Property Swindle

Unknown to you.
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