670k

Anyone seen those barnd new 3br cash flow +ve townhouses in Waterford, Brisbane for $317k……….cant see them dropping 40% can you ?fill yer bootsand this for my own PPR suburbTrendy Bulimba in Brisbane's inner east has recorded a decline in sales of only 8.7 per cent over the two September quarters and median house prices during the periods…[Read more]

[/quote] While I enjoy reading discussion and ideas from boths sides, the same people banging on about the same old argument in EACH AND EVERY post (and then turning post on completely different subjects to their same old claptrap) is becoming very tiresome.K[/quote] Well there has been some progress the issue of peak oil, rising IR's and the…[Read more]

Bill Gates may not be a property spruker but he is a Corporate Spruiker and he is just talking up thr defaltion thing as he has been told to.

You go first with your costs

Invest in Soup

Harb,  The Fin review had the complete listing of all postcodes from that report and yes it wasn't bad at all, all of mine got single digit growth last calendar year and forecast to flatline this year.  I made up my mind at Christmas that I am keeping everything I got houses and sahres its definetly about time in market for me.  If I was to sel…[Read more]

Frosty buy for all the reasons you listed, there will always be a reason not to buy.  Just watch that the holding costs are well within your budget. 

Scamp wrote:
I was looking for my previous posts , only to find that they all got deleted.A shame, because there was some very interesting reading and warnings in there, also some nice replies from people. It was titled something like "Do not invest now, the property market is crashing" and was posted about a year ago.I wonder why an investment…[Read more]

Beamseeker,  I work in the industry and speak regularly with the management of the various proponents. In fact I spoke to someone yesterday and he said all good for Oct 09 only problem would be oil going sub $30pb otherwise Briitish Gas are very focussed on delivering LNG plant as are Santos, Arrow, Origin and their respective epartners.  Its j…[Read more]

Beamsseker, The LNG plant(s) in Gladstone have not yet had final approval.  Most of the proponents are curently in the FEED phase now and the first Final Investment Desicion (FID) for LNG plant in Gladstone will be by QGC in Oct 09. Until then the projects are not guaranteed.  I think and hope they will fly but you need to know that it is not d…[Read more]

Well dont ask me two years ago I was convinced that inflation would keep rising and that IR's would to, then stay high and consequently fixed my investment loans for 5 years (ooch).I now think they will drop further and that will be the bottom of the cycle.  I wont be surprised if they rise faster than expected though.  We are getting the d…[Read more]

Mark,Unless you can get very good deals on the land component then new houses may not be the best option right now for all the reasons mentioned in the other posts.   But as previously metioned there are more builders looking for work and some materail costs may have dropped in price so never a clear cut argument either way.  Your net worth and…[Read more]

Property Managers arent keen on this either.

My guess is that it wont fly mostly due to finance.

I work for a company that amongst other things supplies mining services to the coal mining industry.  Our share price is being trashed at the moment and institutional investors are getting out.  The market and analysts are always forward looking and right now coal is not a good sector. The investors have seen majors pull out of projects o…[Read more]

quickchick wrote:
Needing DA from council, I presume, Bardon.What is the minimum height to build under? Or will it vary from council to council?quickchick

Yes you need coucil approval but I dont think thst is is a risk. I beleiveyou need a minimum ceiling height of 2.4m.

Adding living space is something that has worked for me.  Building underneath Queenslander style homes.  I have done it slowly though and lived with my family upstairs while doing this.  This also negates CGT when you sell or transfer into trust.The current house a queenslander that I live in has a lot of space it already is built in underneath an…[Read more]

Not sure if Terry comes here you can ask him those questions here:http://www.hotspotting.com.au/index.php?act=viewDoc&docId=6

The trust buys the house you own the shares in the trust the trust offer the property up as security for a mortgage that is taken out in your name.  The house runs at a loss and you can offset this loss agints your personal income.