Forum Replies Created
Jason,
I have a “friend of a friend” who does a lot of developments in Sydney – he built several blocks of units (about 160 units in total from memory) in Bankstown approx 2 years ago. They sold from 205k off the plan to 249k towards the end…
Your assumption that they may have been more new is probably not far from the mark… [
]Anastasia: The Sydney market has definetly has started to slow in the last month or so – talk to any agent and they will admit that. I think the freakish run we have had for the last few years has finally started to slow down.
Many people are afraid of rising interest rates, and the talk of an imminent “crash” in real estate values has added further fear to an already over-hyped market…
Auction clearance rates seem to be slowing too…I don’t think the bubble has burst as such, but all the signs are there that the market has eased.
Keep shopping, there are bargains to be had in any climate… []Cheers,
Paul…“The only thing you get from looking backwards is a sore neck…”
Hi Anastasia…
I rang two “Mortgage Choice” brokers today (ok, technically yesterday), one at 1pm, the other at 3 as i am desperate to refinance my PPOR as a couple of exceptional investment opportunities have come up. As of 1 am neither has returned my call like they promised…
Needless to say when they do return my calls (both secretaries promised they would call back within the hour) i won’t be using them…
Cheers,
Paul…“The only thing you get from looking backwards is a sore neck…”
32 years old… (God that hurt !! [
] )
Male last time i checked…
Sydney…
6′ nothing…
Size 11 hoofs…
Halfway between athletic and fat… solid ?? []
Non smoker, social drinker…
2 year old Maltese cross shiitzu (spelt wrong due to rude name !!)that thinks she owns the place…(Chloe)
Single – Never been drunk enough to get married…
Operations Manager, Transport Industry…
Race cars as a hobby to prove i can tear up money just as good as anyone else…Retiring and moving to North Queensland sometime between now and 45 – preferably asap !! [
]Cheers,
Paul…“The only thing you get from looking backwards is a sore neck…”
You think you’re traumatised ??
Try going out with a hairdresser for 3 years, then breaking up… I went and paid for my first haircut in years last week and got slugged $31 !!I’d pulled out and $20 and thought i’d probably get a few dollars change… [:0)]
And to top it off, they did a crap job !!
I think i better say sorry and make up… []Cheers,
Paul…“The only thing you get from looking backwards is a sore neck…”
Mark, what the hell are you asking about septic systems for ?? [
]A mate of mine is getting a house built down past Bargo that needs one, give me a call and i’ll give you his number…
Cheers,
Paul…I think Kewl Dude nailed it but i like Lucky Phils idea even more !! [
]Paul…
How bad do you want it ??
Cash in long service or annual leave, sell your car / boat / whatever, or beg borrow steal from family and friends…
Credit cards are a pain in the butt, too easy to buy things you don’t really need with one so stay away from a card unless you have to… [
]Cheers,
Paul…I’ve heard of a “dutch oven”, is that similar ?? [
]wilandel: Interesting you don’t use re.com.au, i use it as my main first port of call. If i find an area with suitable properties then i look for local agents in that area etc… [
]Pinky: I’ve rang a couple of agents in Qld and told them i used to live in the area, transferred to Sydney and am looking for a few investments before “moving home” – This way they are less likely to think of you as “an out of towner” and therefore jack up their prices. (Of course you have to either know someone there or have a good knowledge of the area to avoid looking foolish)
I find that personally this is the way to go. I have found 3 great agents in the areas i’m looking at who know exactly what i am after and don’t bother calling unless they are sure i’d be pretty keen. Mind you i’ve only just started looking for property after finishing my own place but it seems to be working so far… [
]Cheers,
Paul…“Times have continually changed from focusing on owning your own quarter acre block.”
Spot on Phil, i couldn’t agree more… [
]
I recently had a look at a new development at Greystanes (close to Parramatta NSW) on the old Boral site. The largest block was 540sq.m and if you bought it you had to build a duplex !!
The largest block for a stand alone home was about 420 sq.m from memory, and some sites were around 280 sq.m !!The old 1000 sq.m (quarter acre) block certainly seems a thing of the past, especially in Sydney.
If only i had bought a few that size 10 years ago !! [xx(]
Cheers,
Paul…Hey Jessica, do you live in Sydney ??
I’m almost finished renovating my place and wouldn’t mind getting the floorboards polished – Maybe you can practice on yours then do mine ?? []Good luck, sounds like you are doing well !!
Cheers,
Paul…Told you i suck at the Internet !! [
]Thanks Josh – i can have a look there now… [
]Cheers,
Paul…Kate: I don’t have a lot of time to research properties (12-14 hr working days are nothing unusual lately… [
!] ) and would actually be interested in paying a finders fee for sure…You can email me at: [email protected]
Cheers,
Paul…Hi all, frequent reader but not so frequent poster…
I’ve just hit my early 30’s, have almost paid off my PPOR in Sydney and am looking at investing in property, probably around Mackay / Townsville in the near future. (Have family up there and like the area)
The plan is to retire somewhere between 45 and 50 with 10 – 12 IP’s providing a passive income of around 2k per week before tax…
Reading here has certainly helped me in setting goals that’s for sure !! []Oh yeah, I work as an Operations Manager for a major Sydney Transportation Company by the way… [
]Cheers,
Paul…Sorry to “jump in” on your topic, but i’m in a similar position… ie. looking to invest in Brisbane.
I would like to move to Qld in 5 to 10 years time and figure if i buy now whatever i purchase will more than likely be worth double that when i do actually get up there.
I “missed the boat” so to speak in Sydney, i’ve just hit my 30’s and only have my own home at the moment, which i’ve had for 10 years and has increased in value threefold… unfortunately i can’t really afford to invest down here as the returns are miserable. My 400K house would be lucky to see any more than 250 p/wk return.
Yet in Brisbane i can spend less than 200K and see a return of about 200 p/wk.Obviously Brisbane is the place to go !!
I’m spending a lot of time at the moment researching different areas and returns, vacancy rates etc, and suggest that any other 1st time investor would be mad not to…
I can’t see any reason why prices would drop, historically they only tend to level out, then rise again… But everyday you wait could mean you pay more… [
]Cheers,
Paul…Wow, i thought most people would be concentrating on making an income “after” they had payed off their investments… Now i have to rethink my strategy even more !! [
]Cheers,
Paul…
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!] ) and would actually be interested in paying a finders fee for sure…
