wealth4life.com wrote:
Dear Dan I don't know what planet you are from or how much experience you really have …Low end market is strong it always is at the bottom …In Sydney EAST of Pacific Hwy and Lower North Shore and Eastern Suburbs etc properties have dropped by up to 50% … this is top market and he was right … also this can be…[Read more]

There was an interesting article on this in API magazine a couple of months back detailing the pro's and con's, although cant remember exactly which issue right now. I'll have a dig through at some stage and let you know if I find it.

Completely agree with Terry and JacM you would be crazy to put so much money into an asset which appears destined to underperform. You appear to be making your decision based on emotion rather than rationality which ultimately could come to bite you in the future. The very fact you are on a property investing forum suggests there is a part of you…[Read more]

Not that it helps a great deal rhetrospectively. But I think it really comes down to ensuring the areas and properties you target during the research phase have a balance of both strong rental yields and capital growth prospects. Ultimately whilst the growth allows you to access equity to buy more property it is the net yield and thus cashflow th…[Read more]

Hi Jimmy,Firstly I think its really important to understand that despite the RBA's three consecutive rates rises, compared to the Australian long term trend interest rates are still actually relatively low. Most economists believe the cash rate for this cycle will peak around 5.5% (or approx 8% SVR before discounting)I honestly feel that there is…[Read more]

Just don't forget most agents will take anything you say with a pinch of salt, hence the expression "buyers are liars". I honestly think that the less you say the better. Best to just let them know you are interested and to be kept updated if your biding your time with making an offer. Also dont forget once you do put forward your low offer, keep…[Read more]

Thanks for the great feedback.Strangely enough my medium term goal is to become a buyers agent however the advise I have been given from other buyers agents so far is that I should first obtain my RE licence and then after a couple of years apply for my buyers agent licence.I think on reflection it would be naive of me to think that my prior s…[Read more]

Thanks Mike for your generous offer and extremely prompt response.Seb

Just remember that supply and demand will always determine price point, and whilst Frankston is clearly an area worthy of researching in greater depth, there is a considerable degree of heat in that market now. So just make sure you do your due diligence.On the subject of Margaret Lomas. The woman is amazing and I strongly reccomend any new…[Read more]