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Viewing 16 posts - 41 through 56 (of 56 total)
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  • Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 15, 2004 - 2:02 am

    For me, it’s time to buy after I’ve defined my strategy and thoroughly researched the area. As long as I can hold the property long term, it doesn’t matter what the market might do in the next few years.

    Cheers,

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 15, 2004 - 1:37 am

    Marketmad,

    Why don’t you ask the agent for evidence that prices are dropping? Ask the agent for the a list of recent sales showing that prices are dropping, then check out for yourself to make sure that properties are comparable.

    If you can’t find any clear evidence, then you might want to consider getting another agent. Don’t waste your time with an agent whose strategy is to convince the seller to lower their price rather than convincing a buyer to pay a high price.

    My 2 cents worth.

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 3, 2004 - 12:03 pm

    Most of the buyers around my area seem to be owner-occupiers.

    With yields below 3%, there is plenty to discourage investors.

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 3, 2004 - 11:57 am

    No.[:)]

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 3, 2004 - 11:22 am

    Back to the market in Australia…

    I live in Sydney south west, about 15 km from the CBD. After the hard to believe price increases of the last few years, I have seen asking prices to be a bit lower, and fewer auctions. The market is definitely flattening. Afte the large increase we had in the last few years, I wouldn’t be surprised if it started to drop a bit. My strategy at the moment is to wait and see what will happen over the next few months…

    Cheers,

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 2, 2004 - 11:47 am

    Wow! What a response.

    Thank you all for contributing your thoughts and providing some insights on this subject.

    A very interesting debate.

    Cheers,

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    February 1, 2004 - 12:53 pm

    Welcome back, Bill.[:D]

    Glad to see that the forum will again have the chance to benefit from your experience.[^]

    Cheers,

    CarLover.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    January 5, 2004 - 1:23 pm

    It’s so easy to be critical and cynical…

    As a new property investor, Jenman’s book has made me aware of some of the practices going on in the real estate industry. That saved me thousands when selling a property. In the absence of regulation, education is one of the best defences for most of us.

    Sure, Jenman is also promoting his business and making money at the same time. Is that a reason to knock him?

    For the cynicals out there, there are enough unethical people operating operating in the industry that would deserve the sort of negative comments that I read about Jenman in this forum.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 2, 2003 - 12:57 pm

    I almost bought a property from Landmark Investment last year.

    I pulled out of the deal when I found that the property was worth less than purchase price from local real estate agents.

    I would be EXTREMELY careful about purchasing any property through a marketing companies. Think about it, you are paying for heir overheads, their sales staff, and so on.

    I believe that the best deals are the one that you research and find yourself, not the ones sold to you through a marketing company.

    My experience has taught me that if you are not prepared to do your own research, you shouldn’t invest.

    Whatever you do, be careful.

    Happy investing[:)]

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 2:58 pm

    Bill,

    It’s sad to see you go.

    From what I have seen in the last few weeks, you have been one of the most generous and knowledgeable contributor to the forum. You will be missed.

    Thank you for giving your time and your advice so generously.

    I admire your integrity and your knowledge, and wish you all the best in your future activities.

    Cheers for now [:(]

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 2:37 pm

    Thank you for this very interesting topic.

    Everybody has their own beliefs, and their own idea of what integrity means. There is no right or wrong.

    As far as I’m concerned, I like to think that you don’t have to take advantage of others to create wealth. After being ripped off in a few deceiptful deals, I find hard to hang on to that belief. However, so far I choose to hang on to it.

    I guess the difficulty is to find a strategy that fits your core belief.

    My few cents worth,

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 2:20 pm

    It all depends on the market on your local area.

    I would focus on knowing a particular area nad not be too concerned about the general market. You can’t invest in the general market, only in a specific house.

    The media mostly gives general info which may be not be particularly useful.

    Cheers,

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 2:09 pm

    Try home price guide
    http://www.homepriceguide.com.au/

    Or residex
    http://www.residex.com.au

    Cheers,

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 2:04 pm

    The downside is that you may not know the market as well as the locals.

    A major disadvantage that one trip may not overcome.

    As long as you do a lot research, that should be fine.

    If you try to take shortcuts or do it quickly, you are talking unnecessary risks.

    My two cents worth.

    Cheers[:D],

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 1:55 pm

    I am new to the forum.

    I have observed it for a while and am now starting to contribute.

    I have found this forum an invaluable source of information for a novice investor like me. I have learnt quite a bit in a short time, and that will help me to avoid costly mistakes.

    I would like to express my gratitude to not only the moderators, but also all the experience investors who generously take the time to post responses to queries.

    A big thank you [:X][:X][:X] to all of you who make this forum such a worthwhile place to share information and help each other.

    Cheers,

    Herve.

    Profile photo of CarLoverCarLover
    Participant
    @carlover
    Join Date: 2003
    Post Count: 60
    December 1, 2003 - 1:43 pm

    “Never …
    Never …
    Never …
    GIVE UP!”

    W. Churchill.

    A very powerful one if you can apply it.

    [:)]Cheers,[:)]

    Herve.

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