Oh dear... socialists think that can manipulate the market

[lisa jones]

Housing loan increase weakest in a generation

Loans provided by Australian banks and finance companies increased 0.6 per cent in March from the previous month, matching the biggest monthly increase since January 2009, the Reserve Bank of Australia said today.

Lending for housing increased - but at the slowest pace in at least 35 years.

Loans to consumers to buy houses rose 0.4 per cent from February and advanced 6.6 per cent from a year earlier, according to today's statement.

While housing credit is still growing, the rate of growth has slowed markedly. It may be that the current rate of growth is insufficient to allow both increasing prices and increasing sales volumes across the board.



The long term run-down is evident in the records of the RBA. The one bright(er) spot is that business credit is falling at a slower pace. It isn't actually growing yet but the slowdown in it's fall is something positive anyhow.

Yep .. I saw that news article.

It all APPEARS to be great .. again I would advise to watch closely the particular AREA you're interested in buying into to see how THAT area is performing.

Attend a few auctions .. grab a few weekly auction results etc .. get a TRUE feel for what's on offer in the postion you're closely guarding.

It may very well tell a different story.

Don't JUST stay home and read .. get out there and SEE and TOUCH and FEEL.

Hence why I stated initially this morning .. to do nothing and wait. Why?? Because you need to take a closer look at the situation. It's kinda like testing the water a bit to see what it's REALLY doing (in the area you've determined).

[lisa jones]

Areas that fluctuate wildly are where you can make some money!

NO! Areas which fluctuate wildly are where you have a higher RISK OF LOSING your money!

[lisa jones]

She's gone thirds in a shared house with a couple of relatives and then claims to be a real-estate investor... What did you expect?

FFS .. ARE YOU STILL following me around like a lap dog you insufferable fool?

You must love the scent of a right winger woman who repeatedly tells you she finds you repulsive and loathsome.

[Jovial Monk]

Please don’t quote that blob of watery smegma—I have it on ignore for the very good reason nothing good or useful ever comes out of its mouth that also doubles as an anus. It eats the shit it shits and shits it out and eats it in a perpetual circle none of us have any real wish to know about.

ele has already asked you this.

[lisa jones]

Please don’t quote that blob of watery smegma—I have it on ignore for the very good reason nothing good or useful ever comes out of its mouth that also doubles as an anus. It eats the shit it shits and shits it out and eats it in a perpetual circle none of us have any real wish to know about.

ele has already asked you this.

Ahh yes. Many thanks for the timely reminder Mr Monk.

Ok .. I'm off to a few auctions. See you later.

[lisa jones]

Looks like you've caught her out (blown cover story) Lefty.
If she was into, and so experienced, with what she claims to be her specialty and occupation, she could have punched out an answer off the top of her head.

Nahh .. it's just a part time hobby as far as I am concerned.

My family and friends reckon it's my "other" occupation though. Not sure why.

Oh and I never punch out answers off the top of my head when it comes to property. Only an idiot would do that.

[Leftwinger]

Thanks for that Lisa!

I visit the place reasonabley regularly (I will be there in a few weeks time) and will be having a good look around. I will also rely on a relative who has worked in the local property conveyancing business for 40 years and handles the tranferral of title deeds in the town in question - her many years of experience with the local area will come in very handy. Yes, I intend to watch and wait, probably for quite a long while yet. Compile a watchlist of potential buys and keep a lookout for others that may become available at the right price. If prices continued to fall after I bought I might be slightly annoyed that I didn't get it for as cheap as I perhaps could of, but I wouldn't be that worried because it wouldn't be something that I was intending to sell.

But yes, patience...........

You must love the scent of a right winger woman who repeatedly tells you she finds you repulsive and loathsome.

I think that's IQ's entire life experience with the opposite sex. In fact, everyone who's ever met him finds him repulsive and loathsome

[lisa jones]

Thanks for that Lisa!

I visit the place reasonabley regularly (I will be there in a few weeks time) and will be having a good look around. I will also rely on a relative who has worked in the local property conveyancing business for 40 years and handles the tranferral of title deeds in the town in question - her many years of experience with the local area will come in very handy. Yes, I intend to watch and wait, probably for quite a long while yet. Compile a watchlist of potential buys and keep a lookout for others that may become available at the right price. If prices continued to fall after I bought I might be slightly annoyed that I didn't get it for as cheap as I perhaps could of, but I wouldn't be that worried because it wouldn't be something that I was intending to sell.

But yes, patience...........

You must love the scent of a right winger woman who repeatedly tells you she finds you repulsive and loathsome.

I think that's IQ's entire life experience with the opposite sex. In fact, everyone who's ever met him finds him repulsive and loathsome

Forget IQ .. he's just an idiot who needs to get over the rejection I've repeatedly given him on here and on PM. I've always made fun of him .. and he knows it. THAT is the REAL reason he talks shit (about me) all over cyberspace.

Just remember not all right wingers are the same .. so please don't tar me with the same brush as that insufferable fool.

Let's get back to property Mr Leftwinger ..

I'd be making my existing networks WORK for me. Nothing beats experience esp local experience .. so I'd definitely be clicking into that information source.

Get to KNOW the personality (for want of a better term) of the area/street in question yourself. Don't just rely on local experience .. get out there and see it for yourself. Test the opinions you're given .. coz you may very well be given different points of view. Also people like/dislike aspects of a particular area for different lifestyle reasons.

Watch the properties which go on sale in the area .. get the weekly auction reports .. go and attend a few yourself. See what comes up and what sells and for how much.

This type of basic research is the least you can do given one of those properties may very well be responsible for putting your head in a 30 yr mortgage noose.

[Aussie]

There was a marketing concept some dude was spruking a couple of years ago. I think it was called a Dutch Auction. That is, the Vendor put their property on the market at $10.00. They announced they would drop the price $1.00 each week, until sold.

Forced buyers to be alert, wot?

[Leftwinger]

I'd be making my existing networks WORK for me. Nothing beats experience esp local experience .. so I'd definitely be clicking into that information source.

Get to KNOW the personality (for want of a better term) of the area/street in question yourself. Don't just rely on local experience .. get out there and see it for yourself. Test the opinions you're given .. coz you may very well be given different points of view. Also people like/dislike aspects of a particular area for different lifestyle reasons.

Watch the properties which go on sale in the area .. get the weekly auction reports .. go and attend a few yourself. See what comes up and what sells and for how much.

This type of basic research is the least you can do given one of those properties may very well be responsible for putting your head in a 30 yr mortgage noose.

Thanks again for your advice Lisa. Keeping a close eye on the place and in close contact with poeple in the know, plus the other things you have suggested will now be a personal project of mine.