Project Workshop 2008 … Update

Last week, I confirmed that the next Workshop will be held on Saturday 1 March 2008.

Because people had to be politely turned away from the last Workshop, I gave the opportunity to pre-reserve a seat … for those not wanting to miss out on this one.

Anyway, I was rather surprised how strong the pre-reservation has been.

And this Friday, it will be ONLY these people who will be given first chance to enrol — before the official posting of the Workshop registration page goes up next Monday.

So, if you would like the opportunity to “jump the queue”, you can still do so now. Because, with only 27 seats available (and some 4,019 on my Membership list), it may well end up being a locked-door Workshop.

Property Workshop 2008?

All year, people have been pestering me to know when it will be. Well, the date has now been set for Saturday 1 March.

Again, it will be held within the Melbourne CBD — to make it easy for those flying in from interstate and overseas.

The last full-day Workshop turned out to be far too crowded. So, this one will be limited to only 27 people!

And, therefore, it will be on a first-come-first-served basis!
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Household Debt may actually be “Healthy”!

In an “earlier posting”:https://commercialpropertymadeeasy.com/2007/06/26/family-finances-are-being-stretched/, I raised concern over the dramatic increase in household debt — to the point where it now sits at over 150% of household disposable incomes.

As you can appreciate, the major concern has been as to how rising home-mortgage interest rates might cause a flow-on effect for Commercial investors. And this is because a fall in residential prices could adversely impact upon the security for any line-of-credit you may have against your home.
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Family Finances are being Stretched

With house prices solid or rising everywhere except in Sydney, household debt is now almost out of control.

In the late 1980s and early 1990s, you saw the highly-geared Business sector collapse as interest rates rose. But now, you’re finding it is households with the high levels of debt.

In 1990, households had (on average) borrowed only 65% of their disposable income. By 2005, that figure had rocketed to 155% of their annual disposable income. And today, it stands at nearly 170%.
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