Originally posted by john howard:
. the smart ppl have sold they properties now and cash will be king.

just look at how many ppl are posting about properties in NZ, what does that tell you.

I think it tells me that NZ just got a lot more expensive.

by the way those figure for the last quarter are based, on settlement figure not exchange…[Read more]

front page of Sydney Morning Herald

“RECORD SLUMP IN HOUSE PRICES ”

but don’t worry the REI says the “market shows steady prices ” I feel so much better now. God bless the REI.

Acquired a commercial strata in Parramatta 11 years ago. If you are self tennanted like myself you take away two risks :-
a) Your property is never vacant.

b) You are never screwed by your friendly land lord at the end of the lease, who ups the rent to charge you for the fitout you put in 6 years before.

Not great gain, only around 70% but the…[Read more]

Originally posted by jemarcher:
in a run down state

Will you newbies stop bagging Tasmania,

Originally posted by ANUBIS:

There is a distinct lack of competition for specialists in Tas and consequently they make very good money.

Compared to who, Sydney specialists or other Tassie professionals ???

If they are doing well, why did the specialists at the teaching hospital call a crisis meeting ??

As Kay said apartments are a given. I think a lot of ppl don’t understand Sydney’s apartment market. Some of those city Towers have a population that looks straight from Hong Kong.
Definitley an over supply but this market will absorb more than most will ppl think.

I am worried about the high rise that has sprung up all round Sydney, not just the…[Read more]

Originally posted by garrytas:
Hi Gmh 454

Would you rather earn $1mil per year in Sydney and have a mortgage on a $5mil waterfront property

If a specialist has a mortgage on his $5 M waterffront by the time he is 35 he should have a damm good look at himself and see where he is going wrong.

Originally posted by setmefree:
sorry to ask a dumb question, what are ppl ? pensioners ?

Its short for PeoPLe

Originally posted by westan:
Hi Ghm 454

they will import medical staff, from mainland, no big deal.

Obviously you are more informed. I stand
corrected as usual Westan.

Sarcasm asisde, the ABC news report I quoted from, said they were losing specialists at one a month.

Let me explain it for you.

The opportinuties for a specialist to earn…[Read more]

I think there might be a few tradesmen who could cut their margins if they had to, once the market corrects and they have to compete for work.

Originally posted by aussierogue:
anyway the important thing is not so much the interest rate hike but the price of oil. now thats interesting!!!!

45 bucks a barrel. some saying cld go to 70.00.

Agreed, and it should not be blamed on Iraq, it is more the demand of the worlds two driving economies.

It must have an effect on inflation.

Of…[Read more]

Originally posted by aussierogue:
rate rise – stock market up??? not necessarily.

Sorry but was quoting on what happened the day the rate increase was released, was not guessing the future.

Rates rise and the Stock market moves up ?????

Put down as a sign of confidence in future growth.

Originally posted by jhighlo2001:
– does this mean that the livable space would be (100 m sq) – i.e adding up all the rooms (and probably wardrobe space etc..) or would you assume this would include service shafts and wall cavities?

What would you assume?

I assumed it was evrything inside the walls. Eg if
you took out the internal walls and…[Read more]

Originally posted by elika7264:
Hi All,

The whole valuation process seems to be rather ad hoc, [angry2]. I was wondering if there is some way of controlling (or at a minumum having some input) into the final decision.

Several years ago I attended a seminar — the presenter mentioned that he used several of his bank’s valuers to assess his…[Read more]

Originally posted by g7:
The right investment structure (trust, company), I believe, is as important as the right property. I disagree with your accountant. If he has made good money on property, go with him, if not get another accountant! Hope this helps- G7

Had a client years ago who bought two investments properties with his brother. Spent…[Read more]

Originally posted by yack:
I said <<<<100k people a year net migration>>>

You said <<<<For starters they do not reflect migration out …yes it happens. >>>>

My figures are rough and net means in less out – i am not really into statistics.

Sorry Yack, selective blindnes on my part. I just don’t trust the migration figures that are being…[Read more]

Originally posted by yack:
Dont forget population growth. As property investors we should welcome as much immigration as possible. I am not sure of the figures but I think on average we have about 100k people a year net migration into our great country.

This has also helped the Boom.

I think ppl with vested interests have been playing with…[Read more]

Originally posted by Ibuycashflow:
In the past, sharp increases in interest rates have resulted in significant reductions in “new construction”.

When new construction slows, “occupancy demand” for existing properties begins to improve, hence putting upward pressure on rents.

The effect of this is improved cashflow positions which may offset any…[Read more]

Thanks Kay, very interesting. I live in the NW at Glenhaven (the suburb is actually over a hundred years old, the original post office is a couple of hundred yards up the road .. fell over last year) and the change has been amazing.
We moved there for lifestyle (5 acres ) somewhere to run the dogs chase the snakes (dogs have killed 4 so far )…[Read more]