I dont see the relivance of religion here, a scam is a scam regardless of who the scammer is or claims to be…..besides religions the biggest scam.

only A – (been investing for 4 yrs)but  all on sydney and brisbane inner city property –   so net worth in the millions obviously. EH

there a few things not quite right here.Moving from your PPOR and turning into an investment property is usually a little untidy financially particulary if you have paid money into the loan using a redraw facility. Normally not the best approach depending on circumstance. Your better off selling the townhouse buying a new house and  then buying…[Read more]

no you cant

Most of these retiree investments (and there are plenty  out there) fit the conditions/scenario you described.They are geared toward very low risk investors who want certainty as far as tenants go but thats about there only pro. Id put them in a similar basket as most Defence Housing and Student accomodation, where their is little capital growt…[Read more]

RBA may drop rates in 2009 but unlikely this yr, but the banks probably will take there time to drop, if at all. We may still see further rate increases from the big lenders without RBA lifting them as has already been evident. Still keep an eye on the fixed rates, if they start to fall thats an indication the banks are hedging their bets on lowe…[Read more]

i think to say becuase other markets are crashing then we must expect a crash of the same magnitude or worse is a little niaveCompared to the US for example we are very different market.1.  we dont have an oversupply issue2. we dont have loose lending laws that enable lenders to lend to just about anyone3. we dont have a honeymoon rates equal to h…[Read more]

i generally agree with you rudo1ph, you would be buying at a good time bayside depending on where and property type. FOr example just a month ago I saw a house in redcliffe divided into 2 flats probably renting for $200ea  a week, located  3 houses back  from the esplanade (waterfront) on 600m2 go for around 400K, thats a no brainer, would have…[Read more]

do you mean your putting down 20% or our getting a 20% discount, you mentioned is positively geared also, hope this isnt a rental guarentee for a set period on a new development claiming there selling at 20% discounts,  sorry to sound like your mother but as the posts above have pointed out nows the time to be cautious especially for a newbi….…[Read more]

yeah you tell em newbi……imagine if i still had the old dunny out near the backlane, cooked on the an original wood burning stovel stove, and wrote this email for the internet while peddling a bicycle to power my computer…chris is a goose…..

350K for a house or unit….either way generally speaking your looking outside the 10km radius, unless its a studio one bedder, you may find 2 bedders iwithin this radius but only in less desirable suburbs. Housesoutside 20 -25km radius for houses and only in the southwest and westerly direction, which is the turbulent market part of sydney,…[Read more]

nothings changed here…..agents have a reputation for  over quoting to sellers and under quoting to buyers becuase thats what most agents do to condition a sale as soon as possible to collect commission, particularly at auction. as Jon chown said "  An Agent attempting to tell a Seller a low price will invariably walk away empty handed and with n…[Read more]

ashish,obviously a busy rd means a reduced price for factors such as parking, noise, polution,desirablity,resale value ( particulary in a flat or backward market, everything sells when things are hot but you will have trouble moving it when its not) you are reducing your buyers (supply demand) etc etc etc…… so as an investment in terms of…[Read more]

funksta,i agree with richard also and the general sentiment in this thread about being careful with house and land packages.The rent return is nothing flash on the house and land, though i think ipswich is a good place to start with due to  the current and future gov spending an projection of popuation growth. Ipswich is certainly an area to wa…[Read more]

I Have given a $500 deposit on signing contracts and paid the rest as Richard recommends via deposit bond once the amount was finallized after my contract conditions, you need to check if this is ok with vendor/solicitor.

Doesnt sound like a good investment choice im afraid….. yes sydney markets rocky since the end of the boom in 2003/04 but you should have made at least 15-20%  gain since late 2003 if you bought well…. I would need to be convinced otherwise if you think there are good fundementals for growth on your property in the future….There are de…[Read more]

its really not as difficult as some might suggest to get on the ladder and start the ball rolling.above there some really good points although i did just skim it ( alot to read) but can i add and or re iterate.1. forget the spuikers do your own research make your own observations.2. speak to people who have suceeded and get there view point,…[Read more]

we know theres a big push for redevelopment of parra so as far as units are concerned theres a real chance of over supply in the near future, id be careful with the type of stock you buy..id be looking at high quality design by leading architects (stear clear of generic developer stock) or quality old stock with good period architecture if your…[Read more]

lukeget a pro to render it dont paint it that will look ordinary, and the above suggestion  re just doing the front is a good one but it will depend on the type of house and how it sits on the block… FOr example if you have just a lane or path down the each side on a long narrow block  it would be fine but if the house is in the middle of a l…[Read more]

thanks scamp for enlightning us with your wisdom as usual , you are entertaining………on your reccommendation we should all  sell up, take our lowsy 50%, put our money together, built  a giant ark, fill it with 2 of every kind of property investor, and then wait till the doom and gloomy rains end.