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bardon
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March 6, 2011 - 3:22 am
Forget about buying two just focus on getting one.
bardon
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March 6, 2011 - 3:20 am
Is it not better to say that they could be getting a better ROI by raising rents.
bardon
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March 6, 2011 - 3:18 am
I have always left it to the PM to nominate the rents and select the tenants and so far that has worked out well for me.
bardon
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March 6, 2011 - 3:05 am
The only message I can take away from the Economist argument is that there is an awful lot of upward pressure on rents.
bardon
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February 28, 2011 - 9:22 am
Buy a house with a bit of leverage thrown in.
bardon
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February 28, 2011 - 9:20 am
The market rental value has no bearing on your mortgage repayments. Have you had a free rental assessment done by a potential property manager or looked at comparable rentals on the web ? This is what I would be doing to set the rental value.
bardon
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February 27, 2011 - 7:29 am
Scott No Mates wrote:
my definition of rich is different to the next person’s.
True wealth is appreciating what you have now
bardon
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February 27, 2011 - 7:22 am
I have used Residex as an indication of future growth potential but not as an indication of actual property value, time will tell how accurate they are. I could understand why that may not be inaccurate valuation method as others have mentioned on here.
bardon
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February 27, 2011 - 7:16 am
The main reason that investing in housing has a much smaller risk than other asset class is that the majority of players are owners and not investors.
bardon
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February 27, 2011 - 7:14 am
Definitely keep it and rent it out.
bardon
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February 27, 2011 - 7:05 am
cuteyoungchic wrote:
I&#39 My comfort zone's slowly getting used to it.
We don't have to be wealthy to invest, but we sure need to invest to become wealthy!
Good for you cuteyoungchic, I have came full circle on this debt thing and my view now is that you should get yourself into as much mortgage debt as you safely can as early as you can and never ever pay it back.
bardon
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February 27, 2011 - 7:01 am
fWord wrote:
The strength of the Aussie dollar is to blame, at least in part. It's becoming a more expensive venture for people looking to migrate to Australia. If the dollar was allowed to exert its strength in a continued fashion, it would have profound deleterious effects (if not already) on retail, educational institutes and immigration rates.
Yes but it is a shock absorber that by all accounts is an overall good thing particularly in the early stages of a massive commodities boom.
bardon
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February 27, 2011 - 6:43 am
I still stand by my previous post on this and if anything it is actually becoming more affordable according to the Rismark boys.
bardon
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February 27, 2011 - 6:39 am
If you are an average borrow and hold investor investing in property it will not make your rich in 5 years.
bardon
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February 27, 2011 - 6:33 am
To my way of thinking debt raising is quite often the start of wealth creation.
bardon
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February 27, 2011 - 6:31 am
fWord wrote:
god_of_money wrote:
Hm.. no further comments??
We should probably review the discussions of this (and similar threads) topic constantly. But it would be very interesting to see how everything went in the next couple of years.
You will most probably find that housing will be following its long term trend and the doomsters will be predicting impending doom. Nothing much will have changed.
bardon
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February 27, 2011 - 6:24 am
As most posters have mentioned supply must increase dramatically for prices to drop dramatically.
An increase in listings is not necessarily an increase in supply as nothing has happened until a sales is made.
For a crash to occur we will need to see a massive increase in willing sellers as they are needed for a sale to take place. Given that say 60% of the players are not investors and that they have owned their house for 7 years if they listed their house and dont receive an offer that suits then they will not be willing sellers. This is the major traction force that will stop a crash under the current environment. The majority of players are not investors and they will simply put off a sale if they dont think that they are going to sell at a reasonable price.
bardon
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August 22, 2010 - 6:26 am
Has it bust yet ?
bardon
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August 22, 2010 - 6:24 am
Dont worry about how much houses will be worth tomorrow, how much will they be worth in forty yeasr time tha twill help you decide.
bardon
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August 22, 2010 - 6:18 am
free wrote:
Hi All
Would like your comments on the link posted below…
http://au.pfinance.yahoo.com/b/david-koch/1342/think-twice-before-buying-a-home
Regards
Free
Its fearful, the oither way to look on it is that it will be a buyers market in the near term