Hmmm, I hear what you are saying, but what if the neg gearing investors who are bleeding have to dump their townhouses and units, after another rate rise ????

Would’nt that put downward pressure on property prices encouraging a shift from renting to buying , and hence a further softening on rents.

Also think a lot has been said in Sydney of…[Read more]

Look I just can’t sit by and listen to you people bad mouth our regulators.

Last year I failed to pay my annual company statement fee, for the document I self generate from the internet, from the bill I download ed from the info I provide, and was punished with a $270.00 fine.

Rightly so I say, god knows what would happen if this went on unabated

Originally posted by Pudestcon:
when you factor in the increased upward pressure on rental returns caused by the interest rate increase.

Can you explain how interest rates rises cause rent increases.

Always thought rent like all commodities was supply and demand.

I know what you mean, and we will not know till all the fine print is known.

I have always found in past budgets.

“That what the treasurer giveth, the ATO taketh away”

we will see.

Rgds Terry

We have several who despite expressing our concerns have negatively geared down to the zero tax threshold.

Another accountant once had this conversation.

Acc ” your refund is $xxxxxx”

Client ” but … I thougfht it would be more, after neg gearing”

Acc “well actually you have got back ALL your PAYG w’holding… you can’t get back any…[Read more]

They are in my building downstairs.

As an accountant I was invited to an info morning for accountants they were running. So as to keep playing happy families in the building I went along.

Was very formula driven, had a lot of staff posing as other accounants, pad on knee replying yeah !!! to every rhetorical question.

Was pretty basic for me…[Read more]

Cruel.

But true

Funny you mention that but on Budget morning SMH had article in its regular money feature, titled like “When will negatively geared investors sell”

A lot of these people believe it will double every 7 years (heard that a lot here as well) and for buyers in 2002-2004, well they may be a ltlle concerned about their plans right now.

I’m an…[Read more]

Originally posted by Mkc:

l was told selling my last property [ NSW ] sellers everywhere were trying to hang on to boom prices but they’re dreaming .

Seeing the same.

Agents use these people to sell other properties. Show you three over priced and the people on the money look cheap. You have to know what they are selling for as what people…[Read more]

In NW Sydney same experience. Saw a place at 850k agent said they had turned it down 3 mths before when it was 899k, think it went for 825k, saw another same day 940k, agent asked us what we thought, told him it was 100k over priced, 6 weeks later went for 850k,

looked at a realy nice one, would have got it too except we have pets, was on a…[Read more]

Happens every time.

Estate Mortgage

Pyramid Building Soc

Cambridge Credit.

Every Boom, at least one high interest investment collaspes. People never learn.

At some stage ppl must be responsible for themselves and if looks too good to be true…..

Bet this will not be the last. Next twelve months should be interesting

Looking in Nth West Sydney for around 4 mths, and no sign of leveling here.

Compare a 800k property 6 mths ago to current stock offered and you get a lot more for your buck. Whole new suburbs open up.

Move up to 1M+ and the viewing gets even better.

Am I buying sure, but not till I see em cry.

Figure we have over a year to go.

Speaking from experience areas of expansion that are all basically H & L
stall in the years following development.

May perform strongly during the build and shortly after but during the next cycle stall.

Cherrybrook in Sydney NW was a premium H & L area in 80’s. Since early 90’s many of those same houses have not doubled in price (actually very…[Read more]

As a previous commercial tennant we previously got stuck with the lease costs, it was very common in Sydney circa late 80’s and back then it was double what you are talking about.

Originally posted by bruham:

Sydney property must rise due to lack of room to expand.
Looking for your thoughts.

bruham.[blink]

Right now folks, they seem to be going up.I know what people are saying about the city apartments but medium high density is happening all over the place.

Have blocks of town houses in our area (Hills) that are not…[Read more]

Not sure here, but if you have rented out 1/2 house don’t you have a taxable cap gain on 1/2 of your proceeds including adding back your depn claim.???

Bruham Ausprop you guys are reflecting what I feel.

Ausprop very good point, we are entering a two economy country. I personally am constantly amazed by the prices members here are quoting for WA which is clearly booming.

Saw some figures last month on housing where the annual figure droped last quarter. Funny thing was it went up in all states…[Read more]

Westan, and it is interesting to note that Sydneys economy is gradually slowing as a disproportionate amount goes into mortgages and families now try to clean up their personal balance sheets.

High house prices on the way up good for economy. High prices heading down, bad for economy.

Maybe Bob Carr knew more about economics than he admitted.

Originally posted by westan:
Hi Flash

sorry to tell you this but how about taking some responsibility.

It looks like they sent you an email, (maybe not the best form of communication) but its you who didn’t access it. How were they suppose to know you had changed email address’. I communicate by email and usually only email with many of my…[Read more]

Talking about Sydney (its what I know ) have several clients with a total of around 10 in last 8 years. Pretty average cap gain with great rentals.

No problems really in this period as the economy has been great. Remember these same guys in 1990-92 picked some of these up for 120K when they had been listed by developer for over twice that.…[Read more]