Forum Replies Created
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 out flood zones and stay well clear of them, otherwise I cant see anything wrong with investing in that town.
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 out until things improve, which they normally do. Most would not have predicted BMA pull out nor the concreted action in Moranbah and I can empathise with anyone that has been affected by these events. Although I expect that you will be okay if you can ride it out in the short term.
Having said all of that, none of us are entitled to expect any company not to do anything that is not in the best interests of that company. Companies can change plans, they don’t need to justify it to anyone other than shareholders, the board and employees. Productivity is a major problem right now and the trade union movement are not helping the situation. When a company decides to do something that catches people out by surprise then we all just have to accept it, easier said than done for the majority that wont be affected but that’s the way it is.
As for the doomsters claims for coal and iron ore (sticking with minerals) supply falling off a cliff, I just cant see that happening. China has along way to go on this one and there are other markets increasing demand and then there is India. Yes. other supply sources have came on line during the recent price peaks but all this means is that prices come down but supply must at least remain constant to feed the increasing demand.
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
I have done H&L investment before and it has worked out okay even though it took 8 months to complete as opposed to 6 months. Good depreciation etc and in theory a property in good nick. I would say though that in the current market you could buy better in established housing.
ALF1 wrote:Hi Bardon.
You don't see too many but I have done an Option Agreement on a $23.3million property before – the largest I've done.I may be interested in a JV fro one in Hampton Melbourne with a sale date of Dec 11 if you are interested in operating in this area ?
ummester wrote:But when you buy in matters.If you brought in in 2008 – you will be in a better place in 25 years than if you brought in in 2009/2010.
If 2008 is set to repeat, to greater extremes, you are better off buying in then.
I looked at some places in 2008 with a sale price of low 300s. They weren't moving. .
I used to think this way but what I have found is that when it comes to property, time in the market is far more rewarding than timing the market. In 25 years time the theoretical 5% that you may think that you have saved ( and it is a theoretical number and doesn’t include the rent you are paying whilst you find this market beating bargain) will look like peanuts. The market is very forgiving over time so much so that you could pay well over the odds and still come out ahead.
I had to do some old records for tax recently and when I looked at my first purchase, its value and repayments I couldn’t believe how small both were . I also remember at that time everybody warned me that I had paid to much and was overcommitted to the extent that I believed them when in fact with the benefit of time these comments and felling were totally inaccurate.
ummester wrote:Ireland is a place that is currently trying to contain the fallout from it's housing bubble and the young Irish are leaving in droves. They don't want to be part of a future where more is owed than can possibly be paid off in a lifetime.The good part is that they are coming out here to work in and stimulate our economy and also. to buy into our property market as either buyers or leasers this has to be a good omen for us property owners down under.
ALF 1
Do you see many Rent to Buy schemes for properties in the $1.1m price range ?
ALF1 wrote:Thanks CYC! Way too much pessimism going on in this post. Remember the Y2K bug – the end of the financial world as we knew it. The reality – just a bunch of people who will take any opportunity to stand on a box and preach their doom & gloom.
Do you know it takes approx 80 more muscles to smile than it does to frown…………mmmmm.Those with the I See Bubbles sense always seem to be a very outspoken and convicted lot, they can see things that others cant and wont rets until they have changed everyone else over to their dark side.
How much will house prices have increased in 25 years is the question, how much will rent have increased in the same time frame and if you bought a house today on IO and didn’t pay anything back the repayments would be the same price as a ticket to the cinema.
Nymph,
Rich in the tapestry of life, more like.
The house values are merely digits on a computer screen.
You can PM me alternatively post your email addres or contact number and I will get in touch with you.
TC62 wrote:>I hope this has helped.
CHEERS!
TCThanks TC it is indeed very helpful to me.
PaulDobson wrote:Hi DaveThanks for the phone call. We'll talk later in the year.
Cheers, Paul
Yes Paul we certainly will
Paul,
Thanks for the quick response I am familiar with the documentation side but wasn’t quite sure the best way to go for a house of this value can you give me an off the cuff assessment of most likely options on a say 2-3 year settlement either way.
reggie5005 wrote:Property is only worth what someone is willing to pay for it…Equally it is only worth what a willing seller is prepared to take for it.
I don’t know why the Economist bothers with this chart of price to rent as unlike commercial the value of a property is set by human emotions and a very strong desire to own their chosen place of shelter. This is a very subjective valuation and in all reality it has no limits other than say credit.
Maybe the survey is showing that Australia is a very desirable place to live and people place a high value on its land and houses.
double
Most of my properties have recently came up for rent review and I have got increases of 5%, two of them I left unchanged. One because the tenants are very good and its our PPR the other because I am the tenant.
