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Dont do it Scotty :dontknow:

Interest rates on the rise etc....... wait 12 months and you will see alot of $$$ cheap properties for sale

Edited by O2STOCK
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  O2STOCK said:
Dont do it Scotty :freak:

Interest rates on the rise etc....... wait 12 months and you will see alot of $$$ cheap properties for sale

Good point....you might have to hang on a little longer Scotty.... :dontknow:

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that’s it, hold off put the pennies away and wait for this big fat property puppy to burst. so many people are in over their heads these days its not funny. these interest rate rises are tightening the screws... all we need is a good market collapse, war, or the arse to fall out of china after the Olympics and they'll be opportunities. opportunities aplenty.

...or that’s what I keep telling myself at least.

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  O2STOCK said:
Interest rates on the rise etc....... wait 12 months and you will see alot of $$$ cheap properties for sale

People have been telling me this for years.

Lucky I bought 5 years ago and didn't wait like these so called EXPERTS say otherwise I would have had to pay another $100K as that's how much houses like mine have gone up in that time.

No way will they be selling for the prices they were 5 years ago.

(I will wait for the flaming)

Just do it and dont look back.

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15 Posts and not one rough price estimate :blink: Subaru have been hounding me for two weeks to trade mine in for 18k :stirthepot:

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  Maximus said:
People have been telling me this for years.

Lucky I bought 5 years ago and didn't wait like these so called EXPERTS say otherwise I would have had to pay another $100K as that's how much houses like mine have gone up in that time.

No way will they be selling for the prices they were 5 years ago.

(I will wait for the flaming)

Just do it and dont look back.

Nah mate your spot on, House prices go up quicker than rates.

But don't tell everyone. :stirthepot:

Edited by XRTPSI
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somewhere between the red book values sounds about right to me.

gl with it, and dont forget interest rate rises just mean you can claim higher deductions for the interest!

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I initially thought "interest rates going up, investment home for sale"... but somebody told me that this won't happen as people who have investment properties can claim stuff like that on tax (the negative gearing part? :stirthepot:) so they won't be selling up.

Only houses that will be affected by rate rises, I believe, will be high end & middle range houses brought by people who want to live large on average wages!

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Cheers guys so a fairly firm $27000 should see a reasonable quick sale should I go ahead?

I ummed and aared over my first house, it has rocketed in the last 8 months and they are only going up.

Scotty

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