littleaussie wrote:

devo76 wrote:
One 10 cm scratch. That sounds like heaven to me. Have a read of my thread on the other forum. Polished floors scratched scuffed and stained painted walls scuffed scratched etc kitchen so dirty had to use oven cleaner on everything shower black BLACK approved for 4 people but had 11 in their. Smoke smell is…[Read more]

One 10 cm scratch. That sounds like heaven to me. Have a read of my thread on the other forum.
Polished floors scratched scuffed and stained
painted walls scuffed scratched etc
kitchen so dirty had to use oven cleaner on everything
shower black BLACK
approved for 4 people but had 11 in their.
Smoke smell is crazy.
Windows filthy

all fully…[Read more]

I feel things will track sideways for a few years minimum ,maybe 5 or at worst 10 years(followed by a big boom I would think)
some places may see moderate falls some will see moderate gains.
40%……doubt it. Yes some places may see that drop and the usual crowd will jump on it.
But I agree . Australia will not see 40% average falls.

What i would say. Hey Steve. you have done real well purchasing land to build on while all your mates blow there cash. But instead of buying that one block of seven in your couldersac. Why dont you buy all of them. You can afford it easily., Sit on them for 2 years.Let the boom happen. Then sell of 3. You would then have enough funds to build on t…[Read more]

Yes thats a distinct possibility. I for one do not buy mc mansions. Im concentrating in a bit closer to cbd hubs. Regional mind you. Havent got to the cities yet. But i am assuming here that growth does return. Big assumption i know but it will happen one day.How do you see the different markets traking if this happens.

I have a question that i havent recieved an answer for yet. Not worth its own thread but well within the context of this one.Australian property is often compared to other countries in regards to it being very expensive.But most of these countries are in dire financial trouble.My question is what do we believe will happen to the property values in…[Read more]

Hi.

My IP has a council approved granny flat. Things may vary councill to council but.

Our council does not care if you rent seperately. In fact they encourage it. You do not need a dual occ because it is not a dual occ. I confirmed this recently because im building another house on my block. If the granny flat was treated as a dual occ i would…[Read more]

Hi.My IP has a council approved granny flat. Things may vary councill to council but.Our council does not care if you rent seperately. In fact they encourage it. You do not need a dual occ because it is not a dual occ. I confirmed this recently because im building another house on my block. If the granny flat was treated as a dual occ i would have…[Read more]

You have got me thinking.There are a couple of streets in my area that are known no go areas. Lately i have seen many pop up for sale. Im sure they are public housing. I better go check out the next auction.I did notice that they all say, Conditions apply. You may have to allow currrent tenents to stay on until there new housing is built.

Never done it myself so im only passing on what i have picked up in conversations and forums. You would have to be very carefull and do complete feasability studies. You may turn a large supply of cash into a small one if not carefull. Many variables like rates,sale prices and timeframes may affect your end profit. That being said it is possible…[Read more]

I may have to talk to a few of you guys in the near future. The house im building now will max me out for land tax in NSW so i will be looking further away. I travel to Adelaide several times a year so thats where im looking next. Talk soon hopefully.Cheers

fWord wrote:

Matt_Arnold wrote:
Yep…   the economy (the share market is one of the best examples) is predominately driven by emotion.

Cases in point would be a) how the economy seemingly rebounded overnight last year after all the talk that we were in for the worst ride of our lives, and b) the recent dip in the sharemarket caused by some b…[Read more]

With the original post removed both DWOLF and myself look mad  

I just had a look at a property at Pennington in Adelaide.( Realestate.com.au)9 Kms from the CBD.Close to the redevelopment of the racetrackSouthern edge of pennington which is the better side.A couple of klms from the beachNow it is a 3 bed + study house with a 3 bed granny flat on the back. It actually has about 10 seperat rooms all up and has…[Read more]

Spot on. Im just lucky i did buy . Wish i bought more but.

I am subdividing a corner block in a regional city and the costs for my Town planner should come in under $10,000 total( Plans,council corrispondence etc) but i imagine the price would be heavily effected by location.I should see a 40% to 50% profit so the cost of a planner was well in the budget. I would not like to do this myself. Not yet anyway.

wealth4life.com wrote:
Dear Devo darling you miss understand me,I bought a golden oldie in warrawee in 2008 December for $701,000.00 and have approved plans for a 40 m/2 house – I have been offered $950,000.00 as it is which is a $250,000.00 gain in less than 15 months.My team is very active in real estate and our nett target is always one…[Read more]

If i didnt buy when W4L suggested a bubble was comming earlier. I would have missed out on the growth of the property that i have now expierienced. Infact it would have to drop 15% to get close to where this bubble was meant to burst. Thank god i did what i wanted.

Shoalhaven region on the south coast of NSW may do well in the future.#Good job growth  prospects with big Defence/aviation contracts being awarded to the Naval base there.#Redevelopment of the CBD and actuak development of the Nowra riverfront finally on the Table.#Close to beaches/mountains. 2 hours to Sydney and 2.5 to Canberra#New road to…[Read more]

kyanfable wrote:
Hi guysI'm posting this on behalf of my brother in law. I would appreciate any help/ideas/assistance. We are both stuck on this one!I'll keep this as simple as possible.Property 1 – Value is 600k. Paid off no loan.Property 2 – Value 300k , 344k loanLOC – 50k (has not been drawn down at all)Bank has Property 2 secured against…[Read more]