Raceview is quite a dump. It's very dry, dusty, and ugly.The only positive is that it isn't too far from Ipswitch – but I don't know if that is enough to provide any capital growth.

Boshy, it's all good I'm not worried. Interest rates are going up, and are likely to keep going up. That will put pressure on existing mortgage owners. Combined with the economic problems in the US, with possible flow on effects to China (and then us!), I'm quite content to just sit back, save money, and see where the economy goes.As a side point,…[Read more]

blogs wrote:
Yep typo-in my original post I guestimate dthey were on $45k so = $90k, then using the 7 times rule came up with $630. Im not say its not hard to save a deposit but the opportunity is sure there-like I said a lot of people stay at home now till their mid to late 20's. If they are unable to save a deposit in a situation where many…[Read more]

Tyson, I am doing exactly that. My wife and I have a strict budget. We have a growing share portfolio, and we add extra to our savings account each week.I understand hard work is needed to save a deposit, but some posters on this forum really need to get it through their thick skulls that it is bloody hard to buy a house at the moment, and it's a…[Read more]

You must be very out of touch. Anyone with a job in the city certainly wouldn't be driving to work, or they would go broke (seen parking costs lately?).Plenty of GenY people (myself included), moved out of home at 18. What do you say to us?

You people do realise that there are several factors preventing genY from saving 20% deposit (like their parents)?- a 'dump' now is at least $250k (based on Brisbane prices)- that means a saving of $50k is required to get that 20%- house prices have risen much faster than wages, making it harder to save the deposit- the 'cheaper' fringe areas are…[Read more]

I've already shopped at Orion, and know about all the plans thanks Plenty of info about the area here: http://www.greaterspringfield.com.au/

Looks like this purchase has fallen through.The lender (St George) will not let me go through another valuer. I challenged the valuer with a comparative valuation report from the agent. He checked out the other properties, but will not budge.The other lenders offering the same loan type (100%, rate at or under 7.55) all use the same valuer in that…[Read more]

I talked to a property investor friend, and now feel much better about it I have decided to go through with it after all.As mentioned above (and by my friend) the purchase price of the previous owners means nothing.It was just a case of cold feet