Originally posted by melbear:
Not sure quite how relevant, but as I don’t know Sydney, and recognised Glenhaven, I thought I would share.

Glenhaven is about to (or may have started already) have a huuuge retirement village type development happening there. We had the chance to provide Mezz funding to the developer, but some of my syndicate were…[Read more]

Originally posted by kay henry:
Yes gmh :+P Guess you have a problem with that ) It’s a growth property, gmh. Someone has to buy city properties, and this time, it’s me. the yield will probably be 8% with depreciation schedule. Good enough for this investor.

kay henry

Kay was not querying your strategy, just seeking info. Thanks

Originally posted by kay henry:
gmh,

I had no problems in getting a loan for my apartment in sydney- @ 70% LVR.
kay henry

Thanks Kay, can you tell me your finance source, a bank, or otherwise, and was it CBD highrise.

From your memory, your Unit is about 4 yrs old, that correct.
Thanks again for info. Knowledge makes smart investors.

Originally posted by Ibuycashflow:
Do you think there maybe some “bargains” to be had in Sydney at the moment?

Cheers
Jeff

Jeff, absolutely not. Its better value than last year, but still too many sellers and not enough buyers to say we have reached a balanced market.
Maybe in 12+ mths.

Have big bag of cash but not spending it until I see…[Read more]

Originally posted by kay henry:
recoveryman ;O)

Definitely negatively geared, 4 year old city apartment- yield 6%. I am VERY happy with the purchase

Presume your talking gross, return ????

Quote:
Originally posted by redwing:
In Perth at least, vacany rates are down and the median rental price is up to $165 p/wk..

Maybe time for a rent increase for those long overdue..[thumbsupanim]..check rentals in your IP areas

REDWING

Sounds good for Perth, but in Sydney (which leads the OZ market) the amount of for lease signs in some…[Read more]

Originally posted by paul_s:
Originally posted by gmh454:
Originally posted by kaloni:
just to show you how bad the
docklands in melbourne are at the moment
a unit auctioned saturday was bought off the plans
2001 for about 955k was sold for 715k

Sounds bad but if they are an o/s buyer, when you take currency shifts into account, they may have…[Read more]

Quote:
Originally posted by ghotib:
.

gmh54 (any relation to the Kingswood?)

(/quote)

its a 1974 HQ Statesman that raced at Castlereigh in 74/75 and ran bests of 11.68 and 132mph, both under the Nat record at the time.

Very interesting history, and will be getting magazine publicity soon,

Hang on forgot I was on a property board instead of…[Read more]

Originally posted by yack:

However is it possible to argue that as you have properties in Aust – as part of your investing expenses – you are looking for investments overseas.

Yack nice point, from memory if you are selling wigdgets, in OZ and do a O/S sales trip, unless you are selling any O/S before the trip, the trip is capital.
I’m not…[Read more]

Originally posted by thefirstbruce:
Originally posted by kay henry:

However, it’s possible that due to the budget constraints the ABC works under, maybe they run out of time trying to find a male victim of surrendered financial responsibility in the time that it took them to find two female victims.

I’m not that sure we did’nt see any male…[Read more]

Quote:
Originally posted by yack:

With tax cuts and wage rises to low income earners, this will have the effect of supporting home values. eg. more money to pay increased rents and more cash in pocket to pay home loans.

As ususal comments appreciated. I probably missed something too.

(/quote)

Yack I think you have covered most, but the one…[Read more]

Originally posted by AusProp:

are prices really falling in Syd / Melb? Perth is still rising strongly John – 0419 198 856

Last night on PM the ABC radio in depth news service (highly recommend) they said that for the 1/4 ended 31/03/04 official house prices in Sydney dropped 7% and Melb 13%. Unit prices did worse.
For the rest of Aust they said…[Read more]

Originally posted by AusProp:

This is what the baby boomers are up against – just as Kiyosaki has predicted . there may well be a huge investment boom as the boomers have no other option, they don’t have the luxury of time to sit back and do nothing.

Hmmmmm…don’t you think that is exactly what has been happening ????

Now lets take it…[Read more]

Originally posted by aussiemike:
.

I really see places like Kellyville, etc., and the people who bought in those areas, going through a very tough period.

Kellyville will be the “Cherrybrook” of the future.

In the 80’s it was the aspirational suburb all new big homes on the fringe of Sydneys NW. When the crunch hit of 91 it became known as…[Read more]

Originally posted by Salubrious:

Quote:
Originally posted by AusProp:

Property has doubled nearly every 7 years on a rough average, but if you monitor the situation now you will more than likely realize that the wage to borrow ratio is out of orbit! But then averages are averages. In the 4 Crn’s story they interview a Gentlemen who purchased…[Read more]

Originally posted by brahms:
.

to pay of your mortgage in 5.5 years

1. pay more
2. live less
3. get a better job and do 1.
4. get a better job and do 2.

Brahms there is of course ..
5. All of the above,
Great advice, don’t know why ppl beleive that there must be some magic to paying debt.

If the prty was industrial or comm and part of the business, and the whole business was sold it may apply.

If you don’t already own prty in the o/s country visited then would it not be a capital expense, and not deductible ?????

Nothing new. the ppl who keep talking of economic fundamentals have been saying it for years.

The angle I liked was on the instant gratification, “luxury addiction”. Why has this been SO prevalent in Aust. What does it say about us.

You have to wonder when the next recession will arrive, a whole generation is now working who dosn’t know what it…[Read more]

Michael I was simply stating that the off the plan stategy is usually emplyed in large developments.

In my limited experience I have not seen such a small development employ that stategy, they usually just employ an agent.

I personally believe however that the sucess in the boom of the OTP stategy was in part due to the teams, who were…[Read more]