Forum Replies Created
crj – spot on. you only need a very small percentage of baby boomers to make joint type decision and it will create a market. im not sure the exact figures but the baby boomer thing has only just begun. and will be in full swing by 2015.
as one market scribe suggested – ‘they are an irresistable force’.
marsden you make some good points. you articulated what i think i was thinking as far as trends go.
cheers
hehe – very funny..
richmond queensland coastal property is good – no argument here! although you gotta watch global warming – could get too hot!!!
any aircon buisnesses for sale up there – good time to get in
hehe (tounge firmly in cheak)
i wouldnt bet the house on it either. but its worth considering as a major influence in your overall portfolio…
the trend is your friend…
richmond – you are defensive. your tone including your reference to Mc Mansions and your sister just show that you have a superiority thing going. lose it, accpet you arent always right .
i hope your last comment was your last buut i doubt it!!
richmond – apology accepted.
i guessing you read the bit about people in the know saying bass coast will grow twice (population) as fast as the state average….hehe
your other points are noted and fair enough.
the point i was trying to make was a person asked if anyone thought philip island was a good investment.
i suggested due to
– baby boomers
– downsizers
– sea changers
– growth corridoors
– projected growth (highest in the state)that this person could do a lot worse than the choice she has made
and you took umbridge
and then to back me up australias number one property magazine repeated these thougths verbatim not only about holiday houses but the exact area we were discussing.
doesnt matter – i just reckon if you had read the article first you would not have been so dogmatic in your distaste for coastal property – in the current market.
i would also add that if you have a number of properties in your portfolio and none of them are coastal properties then you are taking a huge risk.
ignore the boomers to your own detriment.
API is a magazine and yes they wanna help the industry. as does your realestate agent who no doubt undervalued balirgowrie so you might be tempted to jump back in to secure the limited coastal properties the world has left to offer..
happy to compare down the track
cheers
roguerichmond – lets agree to disagree – but i can tell you still havent read the aticles – they quote figures in that! my turn of phrase was based on fact…
anyway lets move on..
richmond – please mate. you think im making up things by saying people in the know…it was a turn of phrase. i didnt expect to be attacked like im a bullshitter. and the ‘lots of people’ gag is silly…most people dis holiday houses so whos following who??
read API magazine and you will see that there is a school of thought that holday houses are good investments. there is another article that also mentions that sth gippsland and bass coast are good investments with projected further growth – more gorwth that the rest of victoria.
read the article – what im saying is not revololtionary…nor is it new
its not too late to buy back in blairgowrie…
btw cg isnt always driven by scarcity…ive got examples if you wanna test me!!
i also agree that there may be better returning investment outside of property. agree totally although resourse stoicks took a hammering in the last few days and alot of the share marke sentiment is driven by china…if something were to faulter there i wouldnt wanna be geared up to my eyeballs int he shaemarket either.
richmond – i didnt think youd take the bet. lots of people have bought holiday houses because of the projected baby boomer phenom. its a valid investment stratgey..
cheers
g’day richmond. you must admit there is a contradiction there. one line you say you wouldnt call holiday houses an investment and in the next line you talk about what a geat investment it was and how it has set you up!!
you are quite right that the returns arent there at the moment but i believe that capital growth will still be better than the burbs for some time to come.
follow the baby boomers and you have a chance of growth or at the leats you have a hedge against any large falls..
i have a holiday house hence my defence of it as an investment. it is only one of my investmetns but its the one i have targeted for capital growth so im not too worried about the lack of income generated from it. i bought 2 years ago and it has doubled in price…..so its the best investment i have ever made (sofar)
bottle of grange – bass coast will have stronger growth than the victorian average over the next 12 mos…
up for it???
‘i say bring in a flat rate personal income tax’…
marc (or should i say Mr Burns) – another balanced pearl of wisdom…keep up the interesting work.
cmon richmond – what you got against holiday houses. i know you sold one in blairgowrie recently..
the boom has ended but there is still growth to me had in my humble opinion.
the market is different now due to the baby boomers. so if there is a down turn i reckon its the middle suburbs that are gonna be effected. the boomers are the ones cashed up/equities up and they are the ones with holiday houses. this segment wont be too vulnerable especially in the 150-300k rge. luxury holiday houses are a different matter..
i also reckon that a downturn along with terrorism, the price of oil (cost of flying) etc people will be looking more and more in there own backyards for holidays.
other reasons – sea changers and downsizers in general. people working from home (cumputers etc) mean more will opt for lifestyle accomodation.
lots of people think this – not just me..
read the article first and let me know what you think.
because the people who know are projecting huge further growth. also by comparison its much cheaper than the other coasts…so in short the bass coast was undervalued…
entry level is still reasonable – 200-250k
(comparitvely reasonable b4 you jump)the growth is inline with the hallam, berwick, cranbourne, packenham corridoor…huge growth and all these people will be looking at bass coast and gippsland for retirement, leasure, holidays….
wonthaggi is openign an new McDonalds and KFC with talk of a Bunnings to come…
check out the API magazine they make some good points
has anyone actually been able to access this link?? i cant!
if you read the latest property investor magazine you will realise that philip island is currently going tthrough a boom and will rpbably do so for some time. so its a great investment in my opinion.
less than 2 hours from melb, baby boomers, new developments everywhere. projected huge population growth for the bass coast…….you cld do much worse…
btw a friend bought a block there 2 years ago at 70k and just sold it for 200k so things are moving. still heaps cheaper than the surf coast or the mornington peninsular..
good lcuk
i agree with scott – you mentioned that you NEED a car.
what happened to public transport?? i agree 15k car is too much. your car is wrth more than you!!! what about a 5k car??
unless you are driving 100km to get to uni!!! and if this is the case then maybe you should look at renting with other students closer to university..
an important lesson in wealth accumulation is sacrifice…
good luck
the only difference with bob is that ‘I criticise what i dont understand’ – the times they are a changin’
love a conspiracy…
stifla – good suburbs to chose. i live in one of them and i reckon all of them present good value. ie they are all growth suburbs.
problem is return in these suburbs although above average is probably only 3-4 pct. slightly higher for units. so if you borrow a large percentage of that 400-440 k you are talking a fair bit of your own money….
i personally am gonna wait a little while until i have a better idea of the direction the market is going. when rents increase or the price decreases another 10 pct then i will jump in. the danger is that you could be left with low capital growth and low income for some time…
why not start smaller with less risk and buy a unti for 200k or a 2 bedder near latrobe uni for 220k….thats the way im thinking anyway
this way you have less risk (less capital/loan, and slight;ly higher return say 4-5 pct)
and in this way you have a foot in the door
cheers
crashy – all i know is that they have a primary obligation to provide you with safe ammenities. if its a area water problem than that is a different kettle of fish.
you can use my name if you like but yes they will probably hang up. i hang up on myself sometimes. good luck..
