i have a property with tennants in both the house and granny flat.I am building an  additional house to the back plus some extension work and new garage on the existing house. I lowered the rent a little but at the time it was not really needed.But right now i have the house tennants moving out right as the extension is being made( think…[Read more]

Culburra ???

ummester wrote:

ALF1 wrote:
Australia currently has a housing shortfall

Surely increasing stock levels in every state disprove this. If there truly is a shortfall, how can stock increase without a similar increase in homelessness?

Surely you would agree that sonner or later stock must increase. It cant keep dropping endlessly until the last…[Read more]

I thinks it’s obvious that rates do not have to go as high to slow things down as they have in the past. 10%+ rates will not happen for any significant time. I think the rates peak will drop slightly with each cycle.
What happens when we hit peaks of 1% leaving us no room to stimulate ????
I don’t know. It will not be good but it’s still several…[Read more]

Property would have dropped if The government didn’t step in………. Do we really think they won’t do the same this time??? Of coarse they will. They may be a little more careful not to overstimulate but stimulate they will. To think they won’t is falling into the same trap.

I was actually counting on a slight drop in prices to help with my next purchase. problem being is the cash i was going to use was profit( equity) created in my current development. The development should have been completed by now but will probably take until later in the year now. Luckily even with a 20% drop i will still have equity to release…[Read more]

ummester wrote:

devo76 wrote:
First of all. 56% blah blah. That would place many properties across Australia at below their replacement cost. Secondly why must there be a crash from here. I agree that values are way high. But i also believe that a few years of flat growth will sort this out. yes we are pricey compared to many countries. many…[Read more]

First of all. 56% blah blah. That would place many properties across Australia at below their replacement cost. Secondly why must there be a crash from here. I agree that values are way high. But i also believe that a few years of flat growth will sort this out. yes we are pricey compared to many countries. many of these countries are in the…[Read more]

Vocal minority having a cry. Thats all. The much larger quiter group( every home owner) will have a lot to say when/if things look like being effected by their boohoos. You rarely hear from the happy. Just the unhappy. When was the last time you visited a website to let everyone know things are just rosey.My point being this response is not s…[Read more]

Wynyard wrote:
Bumping for new leads

Shoalhaven.Fast growing area. coastal2 hours from Sydney and CanberraCheap houses( nowra area)great for familiesI live there so thats a big plus

I think will be hard to get people on the side of Nowra here. Nowra would be relatively unknown. Where would I buy. Well Nowra for Starters because I live here. It’s not a little country town as some suggest and it has much going for it now and into the future.
It’s affordable and has an average rent return approaching 6%.

You could do a lot…[Read more]

Complying developments are generally the big housing estates on the outskirts. Sometimes you have to go through a bit of crap to come out ahead

Tom
my agent has 500 rentals on there books. None available NONE. Newspaper shows families struggling to find anything. Workers moving to town living at there work. People paying rent a year in advance just to secure a place.

Sure there are estates on the outskirtsthat have room to expand at the developers whim. But the developers stop for a…[Read more]

I agree thommo. A soft or flat market for a while would be great. I actually believe this is what’s happening. Some interpret this as an impending crash. Time will tell. Looking long term but ,the game hasn’t changed at all.

Nice post . Nice FIRST POST. Can I just ask why you bother on a property forum.
You know what. I hate golf but you will not find me on a golf course telling people.
So why are you here I’m honestly interested.
Do you want to save us …. Not likely.
Do you want to start crap…. maybe.
Are you angry about house values and feel that by pushing…[Read more]

I live near power lines. Not the big boys but probably 1.5 times a norman street line The road in our estate runs parallel to them but my couldersac runs away. Not the greatest thing to see as you drive in but on the flip side it opens the estate up to views of the mountain.It has effected sales a small amount. For every 1 person that does not…[Read more]

if they bought 2 years ago and lost money I would believe it. That is “in the last ten years ” also.
Honestly mate you did imply a ten year timeframe

I have an example.
Buy any house in 2000.
DON’T INSURE IT
then burn it to the ground.
That’s one way to lose money
………..actually…………..
The land value alone would probably put you in front so scratch this example.

All my properties bought in the last 10 years including PPOR. Im doing fine.Total out of pocket expenses across all including costs is under $300 pw.I have friends who bought their first place recently. Also doing fine.Work mates doing fineNeigbours doing fine.Sorry i dont see the blood. Im sure its there but it is not the majority of cases thats…[Read more]

I can give some rubbery figures as i dont have details in front of me so please check before you buy anything. Smallest block allowed with no house is 500 sqm and slightly bigger for a battleaxe. So 1000 sqm corner blocks or about 1100 sqm + for normal blocks is what you are after.Also what is worth remembering is if you build to Dual occupancy…[Read more]