Ptialv wrote:
Hi Everyone,<snip>Baiscally i want to find out the current value of my PPoR<snip>Bought it last year for 285K in april.<snip>i am in narre warren south

Well, the REIV say that the Narre Warren median price was $260,000 in March last year and was $268,000 this September just gone. Mind you, that's the REIV……[Read more]

Hey Masih, you could also check out a current thread on the very topic over on Steve Keen's blog here:http://www.debtdeflation.com/blogs/2007/11/08/deflated-changes-in-wages-and-debt-730-report-data/#comment-392

How about http://www.invested.com.au/?They have people talking about property investment too (including some rubbish, but some good)…

ianvestor wrote:

foundation wrote:
How about the GHPC Australian Property Discussion Forum here: http://tinyurl.com/2drg6hCheers, F. [cowboy2]

F, someone on that forum mentioned 'SS' as in the name of another forum or website. Do you know what SS is referring to?

That would be Somersoft!http://www.somersoft.com/forums/Cheers, F. [cowboy2]

Masih wrote:
Those who arent willing and dont have the ability to borrow then they have to rent. Everyone want to own their house provided they can afford to pay the mortgage. The more rates go up, the less the affordibility. Those who cant afford will rent. Is it wrong to use logic?Besides wages are one of the contributing factors affecting…[Read more]

Hey Masih, the problem with that HIA spin is that, well, it's not actually true. They have a vested interest in getting a better deal for their members. Scroll 3/4 of the way through the article to find out exactly which (self-serving) barrow they're pushing today. Then do a bit of research. Grab stats from the ABS – specifically, the number…[Read more]

How about the GHPC Australian Property Discussion Forum here: http://tinyurl.com/2drg6hCheers, F. [cowboy2]

It means the property failed to sell. The market price at that point of time was somewhat below the listed (failed) price.Cheers, F. [cowboy2]

Oops, I meant to say – house prices are driven by the willingness and ability of people to borrow enough money to pay the price. Rents are driven by wages alone. You can't get a mortgage for rental payments.Cheers, F. [cowboy2]

DraconisV wrote:

Masih wrote:
Besides, the more rate rises, the higher the rentals as most people wont be able to afford to a buy a house. So demand for rental properties will definitly go up.

Thats exactly what I think too. You will have more expenses but more income, balancing it out.The difference is the stall(or slow down) of rising…[Read more]

As long as the book is on sale, I can't see why people should stop asking the question.Cheers, F. [cowboy2]

tch wrote:
does he mean if you have, for example, a 300k loan and have 200k owing with 100k available for redraw, you have the minimum amount of cash reserve you should have to buy another property?

The problem with 'equity' is that it isn't cash. Banks can (and do) checks of loans and valuations. If prices begin to fall or credit becomes…[Read more]

Maybe your explanation need simplifying and clarifying and your question rephrasing?Perhaps like this:"I have 3 investment properties and one PPOR. The PPOR is currently mortgaged for $130k and I would prefer to see this gone. I have sufficient funds to repay the loan, but am considering using this money to purchase another two properties instead.…[Read more]

So how's it going? I noticed the advertisement:http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104414782&f=0&p=10&t=res&ty=&fmt=&header=&c=48570837&s=vic&tm=1194398397Any quick offers or interest generated by your finance plan?Cheers, F. [cowboy2]

surfermark wrote:
Anyone know how/if they actually check you have lived in your house for 6 months starting within the first 12 Do the OSR follow this up actively

Yes they do. They also use data matching – believe me, everybody from the ATO to the Electoral Office know where you're living these days.

Quote:
Has anyone been through this?

Not…[Read more]

erratik, that's it in a nutshell. Maybe not tomorrow, maybe not next year… but unless we find a supplementary industry the size of our current natural resources industry, we're headed for the worst correction in living memory. Most likely the greatest depression in our nation's history. Both the 1890s and 1930s depressions were preceded by just…[Read more]

Yossarian wrote:
If you're running a current account deficit of biblical proportions in the midst of an export bonanza and then the music stops….Of course, if we had taken advantage of the most significant boom in living memory by investing in skills, infrastructure and education rather than creating the world's largest election pork barrell,…[Read more]

Yossarian wrote:
Nix,The question I would ask is whether you are looking to invest or speculate. That is, is your expectation a quick return your goal or a longer term hold. If the former, I wouldn't consider it an appropriate first time play.

Now that is good advice! You got a license for that Yossarian?

pjk1966 wrote:
Hi NixI am going to make the assumption that the off the plan proerty you intend to buy is in a major city.Buying off the plan in this situation can mean that you will benefit from the capital growth the property will see between now and when it is completed. The price you are buying it for is at today's market value, but you do…[Read more]

spudsta wrote:
Does anyone know where to get proper statistics on this or can they help me with figures

Try here: Global House Prices > Australian Property Discussion Forum

Quote:
but to me it looks as if it is very hard to get into property on the average income nowadays unless you already own a property that you can sell/use equity on. Am i…[Read more]