Forum Replies Created
- Originally posted by Yorker:
Anubis,
how is the region of Davenport?
Yorker – my knowledge is limited really to Hobart and Launceston. I’ve never really liked Devonport or Burnie but I do know of new subdivisions going ahead in Burnie which is a good sign.
Thanks Leigh – I’m blushing[blush2].
There have been a lot of questions about investing in Tas so I thought I’d share my knowledge from living there until a few years ago. I’ll cover the rest of Launceston over the next few days.
Coming up in another exciting edition of Anubis’ guide to Launceston! Mowbray is a northern suburb this just covers the west and west tamar.
The golf course is quite good though
Try Launceston at Kings Meadows – probably the best in town.
We are against tenants with pets. We had a tenant with cats who liked to urinate on the carpet – the place was revolting, God knows how they could live there with the smell. The end result was $2500 for new carpet.
Jo – never.
All houses we own are 40 years+. In fact in the midst of purchasing a house built in 1880!
Originally posted by Yorker:Your right it was a little broad. I hold properties in most states, Darwin just seems to be performing the best at the moment. I sold out of Sydney mid 2003 and am currently in a bit of a wait and see phase. What are you doing?
Hi Yorker – buying sparingly in areas I know at the moment. Looking at selling several specualtive buys of blocks of land in Hobart soon.
We’ve had a change in tenants in two places in Launceston recently. 1st we put rent up from 180-200 and had someone locked in after a few days who agreed to pay 6 months rent in advance. 2nd we increased from 190 to 200 and also had someone in within days of being vacated.
No-one balked at the rents we were asking for – mind you we manage privately so we can weed out undesirables in the first instance.
There is a strong trend of late we have noticed with people having their bonds put up by Anlgicare – is this a local phenomenon or is it being seen by others?
Don’t know that I agree necessarily as you have oversimplified. There are markets within markets, so while you may have the impression that Sydney is flat it isn’t necessarily true for all areas.
What is your assessment based upon? Personally NT would be an area that doesn’t interest me – is there anyhting apart from investor specualtion to drive the growth?
Originally posted by drhappy:[comp]
All u red haters seem to be overlooking the fact that Howard said Latham is no good. Howard said some boat people chucked their kids off a boat about thirty seconds after he heard the story but it took him about a year to fess up that that was election campaigning rubbish. Then of course we illegally invaded another country because of non existent WMD’s and of course because they illegally invaded another country and we cant tolerate that kind of behaviour! Apparently it turns out that lying to us about WMD’s and abusing anyone who had the courage to say it was rubbish is okay because SADDAM HUSSGOTOIL isn’t a nice man. God I hope George W hasn’t met Peter Costello or they’ll be here next if that is the only justification for invasion. If uncle sam finds out we mine a bit of oil as well none of our investments will be safe. You never know it just might turn out that Howard is the kind of despot all us labour voters believe him to be and the ol US will rid the world of the tyrant. Anyway my original point was Latham could have no greater vote of approval than by Howard saying he is no good.
Cheers Deano
Voting Green or Socialist Alliance Deano?
Roseberry isn’t even a one horse town – more like a one goat town. I’m not even sure if there is an active mine down there anymore.
Places like Roseberry, Warratah, Smithton and Circular Head are very, very small. There isn’t much to drive population growth so you will have a very small, fixed pool of renters.
It is a huge risk to invest in towns like these IMO. If you aren’t local spend the money to go there.
The advertisers are getting sneakier all the time[blink]
I was reading an article on somersoft and it mentioned that Vegas is the next most likely place to have a significant downturn due to the fact that is has been the creation of housing that has been creating jobs and attracting people rather than the creation of jobs inspiring housing demand.
As always research first, if it stacks up for you – go for it.
Ok – purchased 3 bed cottage style house on 2400sqm block in city of 70,000 for 127k.
Split off block of around 1800sqm and sold for 125k.
House rents at 200pw and owes me 2k plus costs and is valued at around 180k
It depends – in your example you said ” a particular property I really want which will be on the market soon will be joining my portfolio. How do I know this??? I know this because I am willing to pay $100,000 above market value for this property.”
I’m sure you would make your best offer – or at least a sufficiently high offer that precludes others from purchasing.
Is this going to be higher or lower than the auction price? Pure guesswork. Humans are funny animals.
What about the purchasers who refuse to purchase at auction? I know of many of them, but I don’t know anyone who refuses to buy by private treaty.
If you want to pay 100k over value for a property good luck to you – but doesn’t that prove my point that auction will deliver the vendor less than if you had to make your best offer to the agent?
Couldn’t agree with Yack more. The problem is that it’s not only some of the new posters causing all the bunfights, there are one or two moderators who seem to make things worse rather than “moderating”.
There is a certain childishness that has infested these boards – no-one can play unless they play my way. If you don’t agree with me you are wrong etc etc.
I am genuinely unsure if this place will ever recover/return to what it was.
I’d say NO. I’ve read one of his books and his points are valid. Jenman bashing is a sport these days. Auction is not necessarily the best method for sale anywhere. As Jenman says – all you will realise is 500 or 1000 above what the underbidder is prepared to pay.
Personally I don’t like Burnie – dirty industrial town, low income area, high unemployment (as does most of Tas though).
You are probably too late for a good buy – as depreciator said mainlanders have been driving price rises for 18 months to 2 years, so you will be buying at the top of the swell.
Rob and Jo,
This has been done to death time and time again. If you’d like to do a search you will find enough posts to keep you busy all long weekend. It is a topic that produces little fact and very much anger and personal opinion. Members have been banned due to their views on this topic.
I’d suggest you let this one rest, especially as this site has more than enough acrimony floating around at present without digging up this old chestnut.
Regards
Nick
I think that with the amount of “CF+ acolytes” coming out of the woodwork in droves that this handy little “Get Finance Now” link will draw in some business.
The average member has maybe 1 or 2 posts – it takes time to find your feet, so why bother assessing how good the long suffering contributing brokers are when you can follow the link that Steve provides.
The site is inching towards a “one stop shop” with the strategy provided via the book, the finance via the website, so the logical next steps would be either property sourcing or inhouse legals.
Perhaps something far more exciting like a funds raising for a pool of investment properties and rather than direct ownership you own shares in the company that owns the property – good ROI and a fixed life for the company after which investment returned.
This is fine Steve Inc pays for it so he can do what he likes.
