JT7 wrote:
However, we (collective Australia) allowed this to happen!

The ‘people’ created this scandalous government and allowed the Greens power in the senate. What did we expect to happen in such a toxic environment?

We have no one to blame but ourselves!

Those are the facts!

I see the problem as being one of the party system. No…[Read more]

I have just realised that some of those new projects that got the green light may be adversely affected by the Rio pull out. We may well be over the top of the boom now, given the high production costs, trade union militancy, red/green/black tape and government emailers.

I don’t think there is anything wrong with the states protecting their…[Read more]

The good thing about this Rio pull-out is that the issue is now front and central and everyone can see what is going wrong with political system. I hope this forces some hands now. The QLD state govt is of to a cracking pace with three new projects announced that had been sitting on the Coordinator Generals desk for years. One of them is a dam,…[Read more]

Yes that is in the range 10% of $620,000 is $62,000 so the maximum price range if 620k is the low end, is 620-682k. The 10% rule is being followed and I believe that all agents are toeing the line on this.

I am selling in the Ashgrove market and have been pleasantly surprised by the rate of sales and the number of lookers turning up at openings. Seems like family homes are moving again although the demand may be artificially strong due to the lack of stock. Could be that once the would be sellers see some decent sales they will also list, pushing…[Read more]

What a resilient thread still alive and kicking. I guess like a broken clock the thread title will be right some time.

I think the only crash that we had was in the commercial sector and that appears to be in recovery right now.

I haven’t caught up on all of the previous posts on what everybody is thinking about a crash. I guess some are still…[Read more]

The one thing I do know is that NBN is a very uncertain thing as the next mob that will run government do not agree with it.

I think it is a dead duck and a govt gravy train with all the usual parasites feeding of it.

The reality is that generally speaking there are three ways to build wealth. Property, Shares and Business Building,Owning,Selling etc.

That’s why if you look at any of the published rich lists from any source most of them will have made it there by participating in one or some of the above.

In Victoria the price range can only vary by 10%.

I think most investors that own property will alwys welcome and encourage any new investors into the market, even if they don’t think it is a good idea.

There is an interesting article on mining towns and the recent Dysart situation on the link below. According to that article it aint so bad after all.

Mine closure expected to bring down rents and prices in Dysart, Queensland:…[Read more]

I have a house in Melbourne that I was considering selling recently. I wasn’t expecting to sell it and due to some external factors I needed to sell something and that was the largest liability so I decided to sell it. I put a tenant in, in Dec 11 on a 12 month lease (as the property was then a long term hold) and gave an agent instructions to…[Read more]

I have worked and travelled around South Gippsland quite frequently although I have never invested there. I know the market moved a bit after the recent Melbourne peak and understand that it has came back now. Meaning it might be a good time to buy. I would stay well clear of Wonthaggi, Inverloch, Phillip Island areas as prices and rents have…[Read more]

JT7 wrote:
My suggestion is that you complete your own due diligence otherwise you may well miss out on an opportunity because of heeding the misinformed advice given by those who profess to know a market but infact know very little or want to steer towards a product they may have a vested interest in. k

Exactly I didn’t go ahead with a small…[Read more]

Dalby could be a good pick as it is not entirely reliant on new CSG work to sustain or grow its market. So after the CSG construction workers leave and a smaller number of operations staff take over it shouldn’t experience any pullback. People in Chinchilla used to consider Dalby as the big city to do shopping and the like in. Obviously check…[Read more]

fWord wrote:
Doesn't have to be fancy, but near the beach and amenity with unobstructed views to the ocean, with the sunset visible from the deck. This one:http://www.realestate.com.au/property-house-vic-brighton-109638341'Nuff said!

I hope you get it as it has to be good for the price of my joint in Hampton.

If it were to live in then Vaucluse.

If it was for investment then some big massive water or beach side luxury joint on the Gold Coast.

Other than some fortunate posters who continually kick winners and either meet or exceed their investment objectives most investors hit choppy waters at various from time to time. All the planning and due diligence under the sun seems to pale when things go south. Hopefully it wont wipe you out and you can either have a dignified exit or ride it…[Read more]

Sounds like the yields are roughly the same as they were 10 years ago when I last window shopped there. Assuming the rents have risen then that means there must have been capital growth as well. As far as I know the gold price is more important for marginal/new mine feasibility and less so for large existing operations. It also has very nice barmaids.

ALF1 wrote:
Defense rests

No more questions Your Honour