I believe 08 will be a good time to buy property, the higher interest rates coming will slow down price growth, some areas will go backwards. So in the meantime less people are buying houses, developers are building less spec homes.People keep pouring into Australia in record numbers who need some where to live, it's like a pressure cooker.…[Read more]
Hi Lostie,Shower head if there is a problem with it , get it fixed no question. Install a water efficient head while your at it.Get your property manager to check oven door, if there is a problem fix asap.Water proof garage? suggest to tenant you will put in a garden shed if you haven't got one for X amount extra per week.Install cat door,…[Read more]
dreaming wrote:
My Plans for 2008:1. Get the bank to value my properties.2. Get Finance in place3. Purchase investment property in Brisbane area 1st half 084. If equity and borrowing limits permit, buy again 2nd half 085. Sit back and enjoy the ride6. 2009 draw down equity from properties, use funds to significantly in…[Read more]
Hi Lilyhutch,I live at Port noarlunga which is two suburbs south of O'Sullivans Beach, I wouldn't live there myself. Althought the refinery is shut down it still is adjacent to alot of industry such as Hills Industries, it is also very much ex housing trust area. Unless you buy with sea views I'm not real keen on the area. I could be wrong though,…[Read more]
My Plans for 2008:1. Get the bank to value my properties.2. Get Finance in place3. Purchase investment property in Brisbane area 1st half 084. If equity and borrowing limits permit, buy again 2nd half 085. Sit back and enjoy the ride6. 2009 draw down equity from properties, use funds to significantly increase exposure to sharemarket. 7. Re…[Read more]
I work for an Electricity company, I wouldn't buy near transmission lines thats for sure. Besides the unkown of EM fields the transmission lines can be very noisy when moisture is in the air.
Linar wrote:
If the vendor has already accepted an offer then there is a valid contract in place with a special condition that the contract will become unconditional once the buyer has sold his place. The vendor cannot accept another offer until the contract on the first offer has fallen through. That is, there cannot be two valid offers on t…[Read more]
Hi JambvI read an article not so long ago saying that soon every 10th person in Japan will be over 75yrs old. They also went onto say that Japans population will start to decline soon. I'm not saying don't invest in Japan because there could be some good money to be made, just make sure you do your homework and buy a product in demand.
dreaming wrote:
for my technical advise I'll read books by well educated people like Ed Chan, Micheal Yardney and Steve for foresight into the future.
That's a real knee slapper! Oh wait, you're not serious about Ed Chan and Michael Yardney are you? If so, apologies; it might look as though I'm mocking you. I'm not, I really…[Read more]
I know some people will go into great detail why my theory is flawed and that's OK as I believe in investing my hard earned cash into property and shares. It works for me and I'm not advising anyone to invest in anything, I'm just participating in a open forums on real-estate. See if you think property prices cant be sustained because of the debt…[Read more]
The first step for anyone getting into the property market is the hardest one, so yes first home buyers have to lower their expectations. It gets easier after that, so what I mean to say is 10 years ago I brought a house for 100K PPOR. Today that house is worth 250K, I'm a little older and a little wiser and my pay packet is a little fatter. So I…[Read more]
Phil,I was just wondering if capital growth in the above equations was calculated using compounding growth?When you calculate profit and loss statements, rough enough is not good enough. Minor exclusions create huge variances in the results. As a general rule using compounding growth, a property that increases 10% per year will double in value ev…[Read more]
bardon I agree with you 100% in regards to SE Queensland being a no brainer.For investors who already have properties look to the future , what will Aus be like in 2017? another couple of million people to house and feed? As long as investors buy wisely and have a buffer built in then don't focus on the now but the future.All that said and done…[Read more]
Mortgage Hunter wrote:
buy your home. This home will probably be modest and like many couples you will prob upgrade as your family outgrows it. Or you will move chasing opportunites. It would be quite a minority who buy a house for their whole life as my grandparents did.So planning for this I suggest you buy with a 20% deposit. Get an IO…[Read more]
Before you sell your property visit http://www.knowledgecentre.com.au/and read HOW TO ACHIEVE WEALTH FOR LIFE THROUGH PROPERTY INVESTING.I've done a few renos, sold them, I wish I kept them. My 1st reno was in 1985 one stree from the Esplanade in Seaford SA. I paid 40K for the house and spent 10K renovating, I sold it 3 years later for 70K and…[Read more]
wealth4life.com wrote:
Yes I agree and I believe the whole Queensland market is fueled by property marketing companies selling to mum and dad investors and getting paid 40,000.00 commissions.SEQ is a rental pitt … stupid people should be buying 1 year old properties for 50,000 cheaper … houses are selling for 380k and renting for 300p/wk ……[Read more]