time to buy, page-18

Hi flinders

Depends on the area

In the outer mortgage bank areas of Melbourne the builders are starting to quote all sorts of deals to get a sale

If you are buying in these areas you need a VERY sharp pen to bargain hard, ie 15% lower than whats asked or better still ask for an extra room, garage covered patio to that sort of value.
There will be some willing sellers.

It appears that low doc loans are a thing of the past unless he can come up with brilliant figures.

Hi Braveo
The rental figures on the Mornington Peninsular have certainly not under pressure with rentals prices dropping over the last few months and lots available ie no shortage.

On the north side of Brisbane, Caboolture area home prices have gone down by 40% over the last 2 years so it maybe the time to buy BUT Queensland is in lots of debt ( approaching 100 Bill?) and increased taxes, charges are sure to follow.
There is going to be more job losses in the normal population as very few actually work in the mines where the boom is.

It is indeed a very difficult time to work out an investment strategy so best of luck

These are just my random thoughts so do not use as advice as always the best advice is to DYOR you are the only one you can trust