As God of money says RUN! Just google it and you will see a million and one reasons why this would be a VERY bad idea including the article link dan42 just posted.If you want to be a successful investor than you need to spend the time investing in yourself by researching and putting in the hard yards yourself. This way the outcome would be long te…[Read more]

Sounds like a decent enough size for a 1 bed. Personally have always liked 1 beds as an investment option, so long as in urbanized areas where the demand is strong and often like you have found the yields can be better and help you get to the CF+ sooner. Just make sure you do your research on the demographics of the area you are purchasing in.Good luck

According to SQM research the vacancy rates for Sandringham is around 4.2% so take this into consideration when making any decision as unfortunately sometimes its a simple case of supply and demand, it would also appear that the vacancy rate for the area has been historically quite volatile i.e. highs in jan '09 close to 9% which is very…[Read more]

Margaret Lomas has written a great little book called '20 Must Ask Questions' which is all about the research phase of property investing. She's also a huge advocate of buying interstate so very applicable to your situation so might be worth you checking it out.All the bestD2B

ummester wrote:
dreamtoblelieve,One of your pin up boys, Joye, came up with the 03% decline in December.http://www.businessspectator.com.au/bs.nsf/Article/Will-the-housing-market-cool-pd20100129-25VS7?OpenDocument&src=blbDecember 1/4 is up 2.9% but month of December is down 0.3%. Admittedly Joys cliames that is becuase December is traditionally…[Read more]

ummester wrote:

dreamtobelieve wrote:
Read your own posts. You claim your argument is not diluted yet you're plucking figures and dates out of thin air (with the only exceptions being an occassional reference to sensationalist journalism). Earlier on in the thread it was "blatantly apparent by March and there will be definite negative growth…[Read more]

Read your own posts. You claim your argument is not diluted yet you're plucking figures and dates out of thin air (with the only exceptions being an occassional reference to sensationalist journalism). Earlier on in the thread it was "blatantly apparent by March and there will be definite negative growth (1-5%) reported in the market by that…[Read more]

ummester wrote:
Read what i have written above aabout closed mindedness. Does it ever cross your mind that property prices might decline? Are you hedged against it? If you can't answer yes to either, I fear your faith in house prices is a little blind and you could get stung.

I too am a bit bored of this thread now, but I can't help but feel…[Read more]

ummester wrote:

dreamtobelieve wrote:
That would be why I said markets and not market.

Yet you spoke about them as if they were one?Sorry, I forgot this before but here are some links about the British…[Read more]

Hi Todd and anyone else in a similar position,Personally I think its definately worth enquiring into the possibility of taking a lower interest rate personal loan to consolidate your debt as it will mean you can pay it off alot faster. Ultimately the sooner you can pay it off the sooner you will be in a position to save for a deposit and s…[Read more]

DWolfe wrote:
Hi all,My advice to all the negative posts on this thread would be to start your own website! You could call it http://www.notpropertyinvesting.com or alternatelty http://www.countingonthepension.com. You could talk about how now is the wrong time to invest, how much money you don't have and how you don't like money, property or shares or…[Read more]

ummester wrote:

dreamtobelieve wrote:
Curious as to who exactly is claiming there is an undersupply in the British markets? The Sun, Daily Mirror or the Sport? The fundamentals of the markets are completely different.Sorry to be cliched again but there is no Australian market, just markets within markets. The successful property investors are…[Read more]

Unmester you may want to start lacing up  those hiking boots and follow Mr Keen upto mount Kosciusko with your prediction by the way. I will look out to see your retrospective view come March.

Curious as to who exactly is claiming there is an undersupply in the British markets? The Sun, Daily Mirror or the Sport? The fundamentals of the markets are completely different.Sorry to be cliched again but there is no Australian market, just markets within markets. The successful property investors are the ones who make educated decisions,…[Read more]

as350ba wrote:
Very interesting topic. Was about to start a thread related to all this, but seems it's already out there.My concern was born about, due to the alarming stats posted on "The Morning Show" the other day.Now, before I get knocked down in flames by all the Koshy knockers, i'm well aware of the pitfalls of taking stats too…[Read more]

Couldn't agree more, a good property manager is crucial  and checking them out properly is up there with building/pest inspections if you are to minimise your risks and to maximise your returns.Having worked in the very proactive London lettings market once upon a time, I couldnt believe the sheer lack of interest some property managers had when I…[Read more]

try http://www.onthehouse.com.au its not the most user friendly site but the the sales data does go a few years back and is free so always worth ago.Likewise if its just to ascertain an approximate value of a specific property based on recent sales data, then a few of the mortgage brokers  on these forums offer free residex reports if you e-mail them…[Read more]

 Thought this smiley pretty much summed up my thoughts on empirepropertyinvesting.com and such companies.As for their self proclaimed "consultants"? Its interesting how your website states how they are all property investors themselves (http://www.empirepropertyinvestors.com/profile.php), yet the ad'  in http://www.seek.com.au to get these exact jobs in…[Read more]

Its got to be Coogee, NSW. Because it has a great beach, a great vibe and of course a lot of great looking girls taking a stroll The name Coogee also apparently used to mean 'place of stink' which always makes me wonder. Something to do with seaweed