location, location, location.

Agree wealth, and glad to know someone has been paying attention.

Originally posted by gmh454:
It is a state by state deal, even areas within cities vary.

With property diving out west of Sydney cannot see how rents there can rise.

Also saw last week on the ABC 7.30 report that mentioned in apartments and units the vacancy rate due to drop as construction started years ago comes to conclusion.

We have been…[Read more]

Thank you Foundation, it is nice to have some numbers to play with.

Interesting you mentioned MEWing, I recently refinanced, and found that the lender of my choice would not go much past $500,000. that was fine because it met my needs, but I was puzzled as my income levels we at their highest ever.

Commented that I was surprised by this and…[Read more]

Cabo in Sydney before the cashflow positive buy a knockdown buzz got going, most investors advoided the west, it gave lously returns had poorer tennant (in all meanings) and the bad CG was self fulfilling.

I know a lot of people bought their investment property there because they could not afford elsewhere, but also remember a few who bought ten…[Read more]

It is a state by state deal, even areas within cities vary.

With property diving out west of Sydney cannot see how rents there can rise.

Also saw last week on the ABC 7.30 report that mentioned in apartments and units the vacancy rate due to drop as construction started years ago comes to conclusion.

We have been fed figures interpretted by…[Read more]

What people did was be a personal trustee of the fund.

The bank therefore is ignorant that the superfund is providing the deposit, and is borrowing on the title, and will lend.

It is illegal , but went on big time during the boom. Once heard that the biggest creator of super funds in 2003 were RE agents.

Ohmmmmmmm
Property doubles every seven years
Ohmmmmmm
Property doubles every seven years
Ohmmmmmm
Property doubles every seven years

That’s better, think I am ready for the next boom now.

(Always best to sit with legs crossed, …..incence or rocking back and forth are optional)

I think we need to think outside the square here.

Why not take mine…now come on, the are past the nappy stage, 25 & 22, and I’m sure you will get used to the music, clothes etc.

They are lovely kids seriously…please….

Seriously though, hope the wise heads here, gave you something to go with…

Hmmmmmm … if a 230k property bought in Sydneys west went for less than 100k, ……what about the lean-to with natural ventialtion and in built wildlife, that I bought for in Woop woop for $$$$$$
back in 2004 ???????

Nahhhhhhhhhhh

Absolutley agree, its the bottom end supported by investors that goes first.

Other example is the famous St.Clair property bought for $450k, that the bank had to give the new buyer $250,000 and two round the world plane tickets (business class), before he would take it. I was holding out for first class, maybe I should have accepeted when the…[Read more]

My favourite part was the hype from the RE agent who bought it, to say “there has never been a better time to buy “.

Question is will western Sydney drag down the rest.

Thanks, but open question now to anyone, when was the last housing boom that was seven years from peak to peak ????

Come on now, we all know it is part of the mantra…

When…………………………??????????????????????

Originally posted by gmh454:
Originally posted by simple:
.
Economy cycle up and down every 7-10 years.

Sorry but can’t help myself. When was the last time Australia had a 7 year property cycle.

Terry

Come on …if the market doubles up every 7-10 yrs, it can’t be that hard to find out when the last “7 yr ” boom happened ??????

It seems…[Read more]

Originally posted by simple:
.
Economy cycle up and down every 7-10 years.

Sorry but can’t help myself. When was the last time Australia had a 7 year property cycle.

Terry

I would like to know how many Syndey investors, have used the slowly disappearing equity in their homes to buy into overpriced Perth.

Know of a few personally, I think the Sydney boom, has been a significant contributor to the Perth boom.

Don’t think it is all Perth locals.

Excuse me ….. but is there an echo in here ???????????????

Beleive if your distribution is a gift then you will tick off the right boxes.

ATO does not like it so you may get a visit. My client did. You will need to prove payments are physically made.

No guts no glory

Foundation I keep listening to that tinkling, last time I heard it thought it was broken glass. Now I realise it is champange glasses tinkering from far off Perth.

As to the valuation on Richmond I am afraid I am with him buddy, any townhouse with a deep ocean mooring has got to be worth 800K.

It did have a deep ocean mooring didn’t it ?????

Originally posted by tony wpb:
Hello gmh454, where are did you get this statistic on growth?

Tony that was nice analyisis. I have absolutley NO FAITH in NSW govt when it comes to Urban planning. Our peak hour roads prove that. and you have not improved that faith one bit.

Now as to my statistic.

It is a 500k price for a fibro in late 2003…[Read more]

Okay just heard the housing figures for the last 1/4, assume that was June and the proerty market was UP !!!!!!!!!!!!!!!!!!!!!!! 3.1%.

Breaks down into Sydney being up 1.4%, with Perth 12%!!!!!!

Perth actually has 25% for the year.

So its official WHAT CRASH !!!!!!!!!!!!!!!!!!!

Wish they would tell it to the ppl of western Sydney, sure it…[Read more]