I would lay low for a while. Who knows what todays market is anyway? The RBA is announcing whether rates will go up again or not on Wednesday and I see the market in a mexican standoff sort of position. Everyone’s holding their breath as to what will happen, but one thing’s for sure, any new capital growth in the near future, I believe is non-existent.

Say what you want about Alpine propeties, but I think they’re a great investment. Have a look at this one I purchased in ’98 for $325 000 that I’ve recently put up for sale.

http://www.christiesgreatestates.com/greatest_estates/ge_wildcat_ridge.htm

Gotta love a booming property market…[biggrin]

Absolutely, I would. Great deals can be found anywhere, anytime. No matter what stage the market’s in there are plenty of gems to be discovered!

Usually that type of land at that price has got something wrong with it. I was just looking at land with great beachfront views in Nth. Qld for $85k upwards.
But who knows, could be a potential goldmine.

1. You dont have to be friends with anyone to find the good deals or motivated sellers.

2. Typically a suburb you’d think would be good to invest in, you watch for awhile. Through this you will eventually know all the houses for sale, what price, roughly how long they’ve been on the market, what is and isn’t selling and the list goes on. I…[Read more]

Usually subject to a soil test. That is just in case 20 years ago it wasn’t used as a hazardous material dumping ground etc.

‘Carn the HAWKS, we’re on our way baby, another few seasons and we’ll make the 8.

Yes definately, great post. You get a lot more bang for your buck renting at the moment, that’s (like you said) if you can ignore the ‘throwing money down the drain attitude’.
If you can amass an investing warchest while renting and put it to good use, well bugger it, I’d live in a shipping container!

Not really, the banks who foreclose because of morgage defaults just simply refer them to an agent to sell. I am not aware of anyone being privvy to this information or obtaining this type of information before the reposessed house hits the market.

Try something creative. Sell them yourself and with the money you’d pay an agent in selling fees, chuck in a free car for the buyer.
Or you could maybe talk to the council and if they’re developable, get an architect to draw up some appealing options for re-development.

I dont think you’d have that much trouble, the area is pretty desirable, but…[Read more]

5×5 means a 5 year lease with an option after that lease has expired for another five year lease. If it’s something like 3x5x5 that means a 3 year lease with two additional options of another 5 years each.
The outgoings expense is usually negotiated on a lease by lease basis.
A commercial/retail/industrial property is usually as valuable as it’s…[Read more]

I was in Mt.Morgan the other day and it’s one of the biggest dumps in Australia. You shouldn’t waste your time going there, let alone investing in it.

I drove past the pub at 10.45 in the morning and it was jammed packed. Most of the houses are about 6 squares, 50 years old and falling apart. Mt.Morgan is a place you’d go if you’ve failed…[Read more]

Close to a train line is good, however a general rule is anything less than 300m from tracks or a station negatively affects a property.
I used to live across the road from a small station and the ferals, gutter crawlers and scum eventually drove me to the brink of a homicidal campaign against those who had made it their second home.

Yeah, I wish I could go out and buy a negatively geared apartment and get showcased as a young gun or spend all my inheritence on land and run out of money before I could put anything on them.

Typical of the API magazine, each month it just keeps getting <edited>ter and <edited>ter.

Usually in those situtions, the +CF areas/towns, you’ll find that the town is a dying town.

It looks like this: Houses $50-70k and rents $100-$150 per week. In these places, population decline causes this phenomenon. The houses aren’t selling, thats why they’re so cheap and the vacant properties, well there’s nobody there to rent them.

Remember,…[Read more]

Hi Gmid,
Sounds like you’ve got an excellent deal. You can always switch to IO whenever to reduce payments so that is up to you.
If you don’t want to sell it, dont, it sounds like you’ve bought an equity goldmine. You could easily use that equity to fund other properties, right now, but don’t be in a rush, in todays turbulent market you could…[Read more]

The Saturday newspapers usually have things like what you’d probably be looking for. All sorts of finance, private, development etc. is on offer.

This isn’t is a property, it’s a business man![wha]

Well it’s the business and the building it’s in (the freehold) and the stock that goes with it (SAV= Stock as valued). You’d be buying a business, the building it’s in and all the stock that goes with it!

What a unique problem, or is it a problem at all? If the insurance voids after 30 days, does it matter? You don’t have anything in there do you?
And if they haven’t moved in they probably dont have anything in there anyway.
Is there any chance that there’s something dodgy going on? Who cares, so long as they’re paying the rent and the place is in…[Read more]

Really good insight. The market has been supposed to do this and supposed to do that for so long now, who knows whats going to happen. I think property has been in a sideways holding pattern now for the last 12 months and in the future, I beleive that property will drop, and drop more significantly than anyone is predicting.