Forum Replies Created
- Admos88 wrote:Hi thanks for the reply guys.
Barden the land is for $255,000 and the build would cost $235,000 so in total $530,000 which I believe is cheap but the block is slightly smaller for the area I will find out exactly how big it is.
Thanks verity will get into contact with a local PM.
Cheers
Mikey88
Admos, I need the house size and the land size to get back to you.
Yes I am sure that you have bucked the trend with the prevalent rent increases over the last ten years mainly because you are smarter than the average bear. As for future drops, dream on.
py wrote:Very intresting. I bought a 2BR unit (low rise apartment) in Southbank is Oct 2010 for 500k and currently the market value is 550K, should I keep this or sell and invest come where. What is the prospect for low rise apartments in Southbank?py on face value I think that the transaction costs may be significant to simple swap investment locations. You will have agent fees on the way out and stamp duty on the way back in. Nothing wrong with Noble park but if your house in South Bank is working out in terms of cash flow etc and there are no problems with it then it is probably not worth the risk of transaction costs and getting into a house that may have some underlying issues attached to it.
Can you split out the land and the building prices then it will be easier to review the deal.
Also what kind of rents are they hoping to achieve ?
Freckle wrote:Bardon you make wild claims with nothing to back them up other than we should take your word or something.I think that you will find that when it comes to rent reviews then the outcome is that they rise which is hardly a wild claim. Happens all the time and I doubt there would be many investors that are keeping up their maintenance that would not be seeing continual rises and I would be gobbsmacked if they were dropping their rents.
So as I said, you can do your sums on cash flow before buying, if it works for you then you buy and then watch the cahsflow improve.
Freckle wrote:Bardon are you a successful PI or is it just blind luck.–
Freckle I would rather not get involved with a measure of PI success pissing competition with you.But when it comes to rent growth or not, I would like to engage your well honed chartist skills further. Rather than posting a chart with the last quarter rent, hows about you inject some meaning into the debate and do one for say the last 25 years, then also project it out for the next 25 years,
If you could then borrow a child’s protractor and measure the angle of rent increases over time and report your findings that would be a good discussion point. You are welcome to try and fart around with the origin or both the axis to suit your spin, even make it a log scale if that helps, but I think I could predict the gradient of your trend line once you are finished.
I could be wrong and I am sure you will advise me either way.
Jpcashflow wrote:Baron,
Rent per area can only go up so muchSorry mate, I hate to be the one that tells you this, but they always go up.
Freckle wrote:Rents riseThe Freckle
Yes that’s it, thanks for confirming.
And if rents rise then your cash flow improves.
This is how it works, you buy a place and rent it out. The rent increases, that is all. No delusion, no spin, just the facts.
Freckle wrote:Bardon, ran across these comments at MB. Even though they’re anecdotal they add weight to the real world events happening out there as opposed to the data and statistics.The Freckle
Freckle one thing that you need to grasp in your debate, which is significant, is that the average housing investor is far less fickle than your average freckle. Agony aunt columns and what the weather is doing don’t really figure in the normal investors mindset.
The waters may be choppy at the moment but the tide is doing its usual, Yes those that you refer to that were well outside the bell curve and done radical things may have got their fingeers burned, so what, happens all the time and means nothing. If you could only post things about mister and missus average I might be inclined to notice it but right now you haven’t.
Lets face it most investors bough a property with a known cash flow. This cash flow is improving and will get better. The buy and and holds just need to enjoy their improved lifestyle and reduced holding costs and savour how lucky the are in this very much sought after country.
No worries I think if it stacks up, then it stacks up and the green grass is a distraction. Good luck.
Fair enough but do the numbers and compare it to other neighbouring areas before you say that. I said that I missed the boat in Emerald, Moranbah, Mt Isa, Pt Headland and Karrtah in 03 and I hadn’t. I still thought that I had though.
I think the Latrobe Valley is a good un.
I caught a show on Your Money Your Call by Margaret Loams. She was talking about Warragul and said that it wasn’t a good investment and would miss the growth for what its worth.
Yes we all know about the high interest rates of that era and the recession we had to have. It was only a few years later when I learned how to read that I realised that I had gone through a recession, even if it was a dawdle.
Sure the trade up young guy may have run into difficulty or whatever. But anyone buying into the Sydney market at market price are not shitting themselves right now about negative equity, debt serving or how much their joint is worth, that ‘s for sure.
I hate NRAs and hope they abolish it.
They have just flooded the inner city market in Kingaroy (ha ha ) with decent joints at decent rents, this must stop. I have a dumpy joint that was up for re letting and I had to drop the rent because of this NRAs scheme preponderance of options. Lets hope Campbell Newman in the spirit of Joh Bejalke revokes it.
Just had my Objection to the ATO allowed. Party……………………………they are still a bunch of bar stewards and definitely stick to the PAYG variation.
I aint investing in Horsham but I will say that it isn’t a mining town and definitely isn’t a single industry town either.
Freckle wrote:When I looked in 98/99 I saw crash written all over the property market. Prices couldn’t ramp up at magnitudes greater than wage growth without correcting.Steady on their Freckle, any fecker that bought a joint in Sydney 98/99 didn’t see a crash, wont see a crash on what they bought in at and as far as wage growth is concerned have blown their debt out the water in the thirteen years since.
sapphire101 wrote:If we can bring this thread back to just Australia for a moment,Ian,
All good points but can I ask you a couple of specific questions about your post.
Do you think actual house by house prices in Cheltenham have cam back as much as the median price has ?
Are you saying that if you have a residential loan agreement with the bank and you are meeting the payments, they can reassess and recall this loan if they consider your LVR to have lessened ?
