Originally posted by TMA:
It is not about finding a tenant. It is about finding a tenant who will pay rent at a level that justifies the ridiculous purchase price of those units. There are 800k units there only renting for less than $400 per week. That is just a joke and makes holding such a property very unaffordable for many investors. This is…[Read more]

Originally posted by AUSPROP:
Cap growth on shares? I have never seen it. in my experience the volatility of shares (and usually in a downward direction!) makes the dividend a negligible consideration. am i bitter???

Hmmm… wasn’t there something like 26% capital growth in the all ords in the past 12 months?

One of the best pieces of advice I ever heard was from a very successful american investor. He said it in about mid 1999 and said “I know its time to get out of the stock market when I go to dinner parties and all people talk about is how much money they have made and are making in the markets”.

I think this is very true. I think the end of a…[Read more]

I am interested that you say there are few tenants. Where are you getting this from? As far as I can tell (my experience included) the apartments are not taking long to fill at all. Sure when a new building comes on the market with 300 apartments its taking some time to fill but I know people who have had apartments in the docklands for about…[Read more]

Hi guys,

Thanks for your responses. I guess it makes me feel a bit better to know that I haven’t been that stupid. I absolutely understand that property can fall as well as rise. I know a few disgruntled people who actually believed it when CE said the apartments would rise by x% amount by the time we needed to settle. I never bought that…[Read more]