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Australian sub prime mortgage market.

Discussion in 'Australia' started by Arvin Grajau, Aug 11, 2007.

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  1. ashsimmonds

    ashsimmonds F1 World Champ

    Feb 14, 2004
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    adelaide, australia
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    #201 ashsimmonds, Aug 18, 2007
    happy ending
     
  2. [355]

    [355] F1 Veteran

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    #202 [355], Aug 19, 2007
    pmsl
     
  3. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #203 Arvin Grajau, Aug 21, 2007
    rate and lower fees,no lies and no debentures over other assets.
     
  4. [355]

    [355] F1 Veteran

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    #204 [355], Aug 21, 2007
    missed the boat (somewhat) on Macq bank...north of $70 this morning from a low of $61.90

    as soon as my commsec account is activated im in
     
  5. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #205 Arvin Grajau, Aug 21, 2007
    be carful stick to the top companies .Look for long term growth,bit like property (IMO)
     
  6. [355]

    [355] F1 Veteran

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    #206 [355], Aug 21, 2007
    yep whatever i do itll be 2 yrs + focus, top 100 stuff. Mix of Macq and resources stock interests me...
     
  7. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #207 PAP 348, Aug 21, 2007


    I LOVE property also........;);)
    Stick with bricks and mortar and you will be fine. :):)
     
  8. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #208 Arvin Grajau, Aug 21, 2007
    most of the wealth in this country has been made by profit being placed in property.
     
  9. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #209 PAP 348, Aug 21, 2007


    Thats right mate. Cant lose.........normally. :D:D
     
  10. scud

    scud F1 World Champ

    Oct 2, 2004
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    #210 scud, Aug 21, 2007
    grab QBE before they announce their profit , stock will go through the roof ( it already has ) .

    others are the banks , all are making a gazzilion
     
  11. 360C

    360C F1 World Champ
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    #211 360C, Aug 21, 2007
    Bought it a week b4 the correction............ too soon as it turned out.
     
  12. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #212 Arvin Grajau, Aug 21, 2007
    just hold it,long term .
     
  13. 360C

    360C F1 World Champ
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    #213 360C, Aug 21, 2007
    That's what I do pretty much.
     
  14. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #214 PAP 348, Aug 21, 2007


    Pretty much the only way to do it.......:D:D
     
  15. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #215 Arvin Grajau, Aug 21, 2007
    x1.
     
  16. 360C

    360C F1 World Champ
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    #216 360C, Aug 21, 2007
    Not as interesting as trading; but it seems to work better.
     
  17. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #217 Arvin Grajau, Aug 21, 2007
    agree that is what i have done with my super for years and years bought and held.
     
  18. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #218 PAP 348, Aug 21, 2007


    Thats true mate. I dont earn enough to risk it in the share market. :):)
    Property held long term suits me just fine. :):)
     
  19. Aircon

    Aircon Ten Time F1 World Champ
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    #219 Aircon, Aug 21, 2007
    are you two actually talking about the same thing, or has pap lost the plot again?
     
  20. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #220 PAP 348, Aug 21, 2007


    Of course we are!! Get with the program master P........;);)
     
  21. 360C

    360C F1 World Champ
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    #221 360C, Aug 21, 2007
    You just THINK property is safe. Unfortunately not old enough to remember the last crunch and 18% home loans.

    Property has it's place but it has tons of negatives over shares.
     
  22. Arvin Grajau

    Arvin Grajau Seven Time F1 World Champ

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    #222 Arvin Grajau, Aug 21, 2007
    as I said if you buy and hold ,if your holding costs are low(loan ratio)area has much to do with it,Melbournes better area's at the moment are climbing 1% per month at the moment ie 2,000,000 x 1% $20,000 or $5,000 per week.
     
  23. Kelsa

    Kelsa F1 Veteran

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    #223 Kelsa, Aug 21, 2007
    one property we looked at end of last year got sold for $750k, it was listed for sale last month, and they want $850+. I'd be going to that auction just to see what sort of value our area is. but if they get what they asked for thats 10k per month increase in value
     
  24. PAP 348

    PAP 348 Ten Time F1 World Champ
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    #224 PAP 348, Aug 21, 2007


    Have heard it all before man. :rolleyes: Trust me, I am not worried. Not the end of the world if it does get back up to 18%. :):)
    PLENTY of guys have been through it and survived so I will be fine me thinks. Will be tough, but do-able. :):)
    And personally, I do not see it getting back up there anyways. Rates will come up a little more as market 'corrects' itself.
    Thats about it IMO............but you never know. :):)
     
  25. [355]

    [355] F1 Veteran

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    #225 [355], Aug 21, 2007
    yeah noticed QBE's movements recently....rather interesting. Biggest 1 day rise IIRC?

    A split of my $$ between MBL/QBE/BHP seems like a good long term prospect

    commsec account should be good to go within a day or two

    +1
     
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