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October 12, 2005 - 12:54 am
Wayne donn’t belive you can’t make decent cap gains on the latter stages of an estate – I just flipped a block in the 2nd last stage of an estate for a 38% gain. ho much are they looking at for blocks up there and when are titles due?

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October 7, 2005 - 2:33 pm
yes 2.5% for agents fees sounds reasonable – always depending on how good they are of course. If they are great it’s a bargain – if they are hopeless you are being ripped off! if your business has been ‘renting properties’ then you should be able to claim a 50% CGT reduction – see http://www.ato.gov.au for heaps of worked examples. it will be payable with your normal tax return.

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October 5, 2005 - 3:23 pm
JP Morgan reckon Sydney house prices are over valued by 36% – if this is correct I wouldn’t be touching Sydney. what are your thoughts?

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October 5, 2005 - 3:20 pm
“JP Morgan estimates that Australian house prices are 22 per cent above fair value â€“ Sydney being the least attractive market, with a 36 per cent overvaluation â€“ and that this overvaluation will cause investors to seek alternative investments or sit on the sidelines.”
a few interesting bones to pick out of that lot. What are they basing this over valuation on and what is ‘fair value’ – whose fair value is it? To generalise about every residence in Australia is huge, but I suppose general market trends tell you where your base portfolio is heading. The trouble is most of these guys have never left Sydney and for them the word Sydney and Australia is interchangeable. Perhaps they can sell short some WA houses – I would gleefully lock in a settlement for 12 motnhs time at a 15% discount to current valuation – leaves them with 7% immediate gain.

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October 2, 2005 - 3:27 am
well I’ll chuck my hat in the ring…. I think it is a good investment area. When they finally sink the railway near the Ent Cent it will dramatically improve it. I think it has just had a bit of a bad wrap over the past few years but I would expect reasonably soon the cap growth will be corrected. I dont think it’s as dodgy as people make it out and it is quite appealling IMO. I once sold an apartment in the Maltings complex (which I think is a great development) and since then – without doing too much analysis on it – I seem to have noticed prices in there rising a fair bit.
northbridge will benefit from rising fuel prices, the rejuvination of northbridge itself, the sinking of the railway line and the increasing desire for cosmopolitan living.
so there you go – a few different opinions… minebeing someone who believes people will dump the suburban block in order to live a fuller life. they are all just opinions tho and it is yours that is most important.

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October 1, 2005 - 4:47 am
with the announcement of the new satellite city 3kms inland of Singleton I think this has to be an even bigger winner than before. the beachside lots will be price pressured from the inland city.

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September 30, 2005 - 2:44 am
possibly… the decline could still be going on for a while tho, then the bottom, then the gradual turn around.
the reality is the professionals will make money whether the market is going up, down or sideways. you just need to adopt the right stratagey and select the right market at the time.

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September 30, 2005 - 2:39 am
if you want a block in Perth you pretty much have to camp out. finding a block that will have titles in under 4 months time is virtually impossible.
warning bells… they are a long way away… your hearing mst be good F !

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September 30, 2005 - 1:39 am
on tonights news is “how you can benefit from the stock market boom… how long will it last and what stocks do the experts tip”!! makes a change from which suburb will boom next anyway.
milk goes up 8% on Monday. it is quite clear to me that we are experiencing cost push/demand pull inflation and there is only one way to go with that.
these little signals are telling me that the minute hand is about to click around another notch. property untrendy (on average nationally anyway), shares trendy, interest rates pointing up – hmmmm

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September 30, 2005 - 1:23 am
In Perth it would be around $10k.. probly not much different in the east? as I always say – go down there and watch them demo it from your car (avoid those fibres tho!) – rip offs in the industry are common place. if you don’t watch them, dont be surprised to find half the rubbish buried in the fron yard.

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September 29, 2005 - 5:57 am
scary stuff. intersting that he even bothers referring to BIS, but nonetheless it is a good read. with 175% growth less a 10% decline I would be tempted to lock my profits in

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September 29, 2005 - 5:48 am
foundation has some interesting points. when you look at the clock it is hard to pinpoint where we would be on it because the world seems to have changed so much. modern civilisation is relatively short and to assume a pattern based on this history could be dangerous anyway IMO.
as for the share market – heck I am no authority. common sense just tells me “what more possible good news could there be?” that would push it higher. I am one to take a profit and with a fully priced market I personally would run before we have any bad news. It wouldnt take much… bird flu or a USD problem or a myriad of other factors that could take the shine off commodities. I recall ABARE have already stated that the shine will come off of commodities prety quickly… not that I am willing it at all. WA is rifing a huge boom of propserity not seen since before I was born! But htere is probably a lot of money to be made if you really know what you are doing or are on the inside (and if you are not on the inside you are on the outside, right? )

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September 29, 2005 - 5:31 am
R60 requires an averge lot size of 180sqm, so depending what your designer can achieve you would get probably 4 townhouses. check that the bulding is not heritage and have a chat to the council about their attitude to what you are proposing. The surrounding buildings are no guide to what you will be allowed to do.
before developing be sure to check your sums – allow for demolition, GST and get an idea of a townhouse costing from a builder. You are probably looking at around $200k construction for a suitable level small townhouse in the Subi surrounds.

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September 29, 2005 - 2:02 am
the builders I have dealt with price zincalume and concrete tiles the same. then clay tiles are a bit dearer, then colorbond dearer again.

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September 29, 2005 - 2:00 am
“We need to have a stock market boom first.”
wow I thought we had already experienced the biggest boom ever and the party was already over. People I know with large portfolios are either getting out or about to get out. I certainly have no interest in buying shares after the huge gains already experienced. Take a basic example of BHP… when I bought them a few months back they were about $13. they have double since then and you have to wonder what would happen if any of the good news that has been priced in should falter.

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September 28, 2005 - 8:08 am
The attitude does really grate I must admit. It’s annoying to think that these guys believe they can sit around on the dole all dAY smoking weed and drinking at taxpayers expense when we are out slogging it hard, then have the audacity to say that the assets we have built up have been stolen from someone else and should therefore be theirs to trash at their leisure.

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September 28, 2005 - 2:40 am
I think in Asutralia where everything is so new we have a use and throw away mentality. It is one of the reasons we focus so much on how big a house is and how cheap it is to build. The future for units… look to London. you don’t see them ripping down old houses in the middle of the Peterborough Estate just because they ar 50 years old.
circumstances change for evrything. to say buildings go down in value and land up come with qualifications. recently in WA it is the replacement value of buildings that has been a main driver of capital growth. Also land is not land – a 1000sqm block inthe sticks could be worht the same as the land component of an inner city apartment.

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September 28, 2005 - 1:52 am
2? gees they must have sold some since Sunday.
note that you can’t flip Singleton blocks… apparanlty its in the fine print of the contract. won’t matter if you plan to build on it.

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September 28, 2005 - 1:29 am
he claims all land is stolen from aboriginals – thus he is trespassing and should be deported to his ancestral country asap… see how much sympathy he gets for his beliefs back there. If he spent half as much time applying for jobs as spent writing this piece of rubbish he would be on the right course to be a productive member of society instead of yet another spoilt leach. I have had losers squatting in my places before – they certainly aren’t the ones lying awake at night wondering where the next interest payment will come from or out there at midnight with the police apologising to the neighbours for their animal behaviour.

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September 27, 2005 - 2:56 pm
would it be $405k in Nov 02? if so I would say that’s the one. they have reno’d it into a 2 storey. place is full of blue asbestos… I use to play in the cut offs as a kid – scary stuff. I can only cross my fingers. Dad hasn’t contracted asbestosis as yet and that was a good 25 years ago now.
Parmelia Way certainly rings a bell – must be close by.
Yes it was an awesome place and we had great times there. Back then it was like a town at the end of the world and there were plenty of fish to be caught. I think it has all changed quite a bit now. had some awesome teenage parties there too!

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