Good points JacM!

D

Hi gang,

Depends on the area. We want to move areas and rent somewhere else. Each open has a queue and also has so many people you can barely see the house. Even where we are renting now we were lucky because we were the 1st people through the door.

If there is an oversupply in an area then rent needs to be under what everyone else is charging. We learned this pretty quickly renting one of our units out. Funny what a difference $10 makes. QLD is thrashed at the market both for rents and gains by the sounds of things.

D

Yeah investing seems to be littered with grumpy old men!

I read that article, seems like a rehash of the other article really.

Blah, blah, negative gearing, blah, blah overvalued.

So. What do these people have to gain from this. Anything? Switching people back to the share market? What do they have to gain from promoting bearish sentiment in the property market?

I'm still not sure why so many people are on a property investing forum saying they will not invest in property. What is to gain from this?

D

Hmm,

Philip I never questioned, you, your talent, or anything to do with you personally.

The points were what I personally took from that article.

Sorry, I'm not much of a gambler so I won't be able to indulge you.

If my replies seem aggressive to anyone I apologize I do not mean to give offense I am merely stating my own opinion.

I am sure I am still on a property investing forum, hence I like property investing….

D

Ps after reading your last reply – It's fine  I am also married with two kids a mental cat, crazy parents and in laws…

And my investing strategy is passionate and aggressive… sometimes it overflows

Philip, love your last comment

D

Hehehe,

Philip, I thought it amusing that at 20 he is already bearish about the market.

I'll never be able to change ummesters mind. Roar bears

Yeah the market is changing and very quickly.

Mooooooo! LOL

D
 

This all reeks of fear. Here is a box of tissues.

So, investors generally sell up if they need to. They look for profit. They buy to make profit, whether this is through cash flow or gain. Let us remember not everyone is die hard negative gearing on a 95% loan. There are plenty of cash flow properties in commercial property. I've been told it's all gold.

If everyone is running blindly through the dark, following some newspaper hack who is reporting the end of the world, then there is plenty of money to be made. When the property market goes down it is time to buy. I'm sure most people are familiar with "buy low, sell high". Most people probably wouldn't have the spine to go against what the tabloids and their neighbors and families were telling them. "Property! That's risky!", "Breathing! That's risky!" So most people probably would not buy when prices were down.

Bargains galore.

Mick there is a huge difference between a property investor and a successful property investor. 1 in 7 huh? So six people standing next to you at the local don't have a backup plan? Only one person standing in the post office has an investment property? Doesn't really seem crowded.

For you Mick, my friend, I will give you this for free. You have spent 2 years on this! Why so long? Are you hoping for a correction because you didn't buy? Will you spend the next 2 years researching?

D

Couple of points. Immigration has NOT been cut to 1/3 of the level. Yet. It is lower that previous years by a considerable amount but we haven't shut the gate as a nation yet. Who is to say that if re-elected JG won't reneg on her promises and open the gate again. Australia has been built on the back of immigration and any government who slashed immigration levels to record lows would be shooting themselves in the foot.

As for the Gold Coast. This market has suffered huge oversupply for a long period of time. It is a buyers market. There are a lot of the same type of dwelling available. So values would be down.

As for major regional centres their time is here soon. Time to buy. Perth will be on it's way soon enough maybe late next year or early 2012. Sydney will be the dark horse coming into the new year. Qld will stay down for a little while yet.

In you posts you write "If I had bought property" several times. If you had bought property and were an unemotional investor you would weigh up how the current market where your property was was performing.

I will be building as soon as DA available. As long as there are buyers I will build.

The sky is not falling.

D

Novispriomo, deep breath now! There are modifications with plenty of permits. We had to move windows in our units as the neighbour complained of overlooking. We also had to have frosted glass on the 1st floor windows. The architect had to go back and draw this in, fix bits and pieces. We had to make changes for the turning circle of the cars for unit 2 meaning that unit 3 was to "technically" be a 2 bedroom unit.

I wouldn't worry about this. Concentrate on what YOU can change or do or complete and get that going. Developing is never going to be quick, councils love a bit of foot dragging.

Good luck. Keep us updated, keep breathing

D

LOL!