Assets are not assets when they’re just debt. – Michael Burry (the big short)

The situation in Queensland seems to be worsening by the day, here we have an observation of Mr Satterley - Financial Review. With bank delinquencies on the rise, expect it to be a matter of time before you start seeing some flash sales in the property market. That being said it could be worth waiting for the end of the year before making a decision to buy your first property! Check the video to see if your suburb is in negative equities.


Also, check the bottom of the page for information on how you can start saving 100% of property management fees.




Melbourne housing lot prices will “quickly” tumble up to 10 per cent as Uber-driving speculators and foreign investors default on thousands of sales contracts, Financial Review Rich Lister Nigel Satterley has warned.

…”We believe that over the next 30 months 5000 growth-area lots (about 165 lots a month) will return to the market, either by defaults or speculators having to resell their blocks immediately,” Mr Satterley told The Australian Financial Review.

“This will be caused through a number of foreign house and land package sales where the purchasers were unable to obtain Australian bank finance or speculators’ inability to settle.

As I said then:

If it’s only 10% then I’ll hand up my shingle. As the entire market shunts lower, reducing demand for outlying property, we’ll see a more enduring bust than Mr Satterley describes. And that’s before we incorporate any immigration cuts.

Now today, also at the AFR, Mr Satterley returns:

…he said the situation was “much worse then I previously thought”.

“Our research (prepared for the major banks) shows that between 20 and 25 per cent of purchasers are cancelling and losing their deposit. This is up from 5 per cent in December 2017,” Mr Satterley said.

…Mr Satterley said the main reason for the high defaults were speculators not being able to sell-on their contracts via nomination due to falling prices and rising numbers of listings or an inability to get finance. “There’s no finance available for overseas buyers and very hard for local investors,” he said.

As Martin North noted this week, Melbourne sprawling western land market is negative equity ground zero:


appendix from By Houses and Holes in Australian Property


How do I offset my mortgage thats in a deficit?


Instarent has you covered! The app boasts a range of useful perks and features, such as the loaded tenancy agreements which are signed electronically between landlord and tenant then stored on the cloud. We have also added in extra features like maintenance services- from the tenant requesting a job to the tradesman selected, there is complete transparency amongst the users. Landlords will no longer be blind sighted, tenants will be heard, and tradesman won’t waste their time quoting jobs that don’t yield a return.

All data that’s put into the app is stored indefinitely on a fully secure server that meets Australian and global security requirements.

Is it safe?

Instarent is hosted by Amazon, integrated with PayPal for payments and meets global security requirements. We pride ourselves on high tech security as our main priority is to keep our users safe and our app simple for everyone to use.


Click here to view our app explainer videos

Aj Chand


Aj Chand