can you access via SMSF?
How peaceful to have the ‘head in the sand’ approach to property markets & life... good for you.
haha again, pretty sure I timed the top of the market... 22 properties sold in Sydney last week, with 19K for sale....
no 30% drop is consensus for most major banks at the moment
it will make for interesting viewing but will be quite a sad / frustrating time for many as job losses and dislocation impacts increase
I’m thinking of taking up fishing in Sydney Harbour now!
Pete do you think will carry forward for a period of time after the repayment holiday? Like a bad credit mark on your file post ‘financial hardship’
I don’t like this... you could be looking at a tenant who decides to not pay rent and one can’t evict them for next 6 months... That will cost...
That’s right, thinking long term on a practical level....it may be better to have a tenant stay paying 80% which probably reflects market...
The tenant in my small 2 bed apartment in Sydney has requested a rent reduction, citing loss of revenue in small business (hard to verify) and...
Hopefully, apparently there is a legal way out to avoid liability for further price falls.
Yep down by how much is the question... minus 30% off property and 15% unemployment rate would probably be a good result in 12 months
im hoping to be buying in panic of 2021
Only money? Hmmm sounds like a pre-corona saying
It’s not at all like people panicking in 2019 when prices dropped 5-10%. At least 40% of households suddenly can’t afford their lifestyle and per...
I would love to be as optimistic as you but all the data indicates that this will be an enduring depression... the last 15 years have been good...
My sense is prices will fall for years as frugal / sensible BEHAVIOUR will carry over and we won’t go back to max borrowing for double income...
Hi Rolf, yes loan approval.... my job security is like many I guess... middle levels of big corporate... safe now but also fair to assume a round...
Thank you Terry. Enquiring.
Im not sure i can believe any forecast at the moment.. from memory Chris Joye is always pretty optimistic on property... I dont believe anyone...
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