Sorry to ask Jo but could you tell us where???

I noticed in the Heralds Domain (Re listing ) that it looked fuller than normal.
Also on reading it saw prices listed on property again, instead of “for auction ”

Thats got to be a sign.

In the Hills there is a lot for sale.

One block of townhouses completed mid last year, looks very empty. When I…[Read more]

People like Meriton and Multiplex used to hire entire teams to flog their investments, beleive the commissions were pretty high, way beyond what a RE agent charges.

They did the full sale bit models printing direct mail, cold calls etc, not sure if you are too small for this. Would guess that the commission would be very steep for such a small…[Read more]

Quote:
Originally posted by ez-rent:
Bang on the money Matt.

Right now I am looking for a new PPOR and I see so many good houses that have been on the market for ages and have had reduced prices. A lot of sales are falling through in my area as well because the buyer cannot sell their old house in time to settle on the new…[Read more]

Was he talking of CGT or GST ????

Now GST is avoided on a going concern, but not CGT.

Unless you want to spend $$$$$ on accountants and solicitors don’t go there.

If it is a going concern then the company can sell a business with no GST.

Regarding CGT exempt be very careful. I doubt a company owning 1 property especially residential would be a going concern. If the ATO don;t agree you could be in big trouble.

Companys don’t get…[Read more]

Also relevant to the question, is WHERE is it.

Originally posted by ANUBIS:
I think there are at least 2 distinct residential markets with their own patterns and perculiarities. The unit market and the established housing market.

The unit market is in major trouble, and there will be blood in the streets. The established housing market is starting to soften but I can’t see any disasters…[Read more]

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 broken even. Won’t help stabilse prices though.

Sydney and Melbourne are different to the rest.
Heard yesterday from someone in one of the major developers that the market is dead.
problem is they can’t really drop price, because
of the pre sales.
When it makes the Sunday paper headlines it will be official.
Joe Average, won’t beleive it till then.

Marky I think you know the answers, I guess that many valuers will be generous in the value when its on the way up, because the value will eventually catch up, if they get it wrong, but on the way down they and the banks tend to exercise caution.
In some markets Adelaide Darwin NZ Perth the market may have a couple of months to go, possibly…[Read more]

Depends WHERE your property is.

Guess I’ll be odd man out and say I am sitting.
Looking at a very big portfolio lift after a bit of shuffling of my super (sell a commercial to my fund to get my hands back on MY money…) but as I am only going to buy in Sydney and surrounds I will be waiting till next next year, the market here has just started the slide think it will keep going…[Read more]

People will judge you no matter what. My wife and I used to visit Peppers at Terrigal (when it was called Peppers) When we started staying there we lived at Peakhurst Sydney, (a lot a fibro housing commission for those who don’t know it ). We were quite surprised how the reception and other staff treated us when the sddress changed to Glenhaven…[Read more]

Originally posted by georgisj:

3.” Tax cuts are likely in the Federal budget, big spending package (which is both parties policy), so there is going to be an injection of government spending into the economy.”

Granted but will it be enough to counter households contracting spending, when their paper wealth evaporates.

“Not withstanding the…[Read more]

On my way to work today (there are other ways to make money than property) I was amazed at the number of half built apartments, and town houses plus holes in the ground in the Sydney Hills area.

Now I know we are told that Sydney has XXXXK ppl moving here each year, and that prty always goes up, and if you do your research you will be okay, or…[Read more]

It will depend on the impact of a drop in consumer spending that will now accompany, the mental adjustment ppl make when their paper wealth shrinks.
If the economy shrinks a little because of this then prty corrections may become more severe.
On the + side we have a smart, Reserve, on the – side we have pollies who are only interested in their…[Read more]

Originally posted by Monopoly:
I am correct in thinking you are living in the house in question at the moment?????????

If so, you are not going to be subject to any CGT and the person who advised you to sell it to yourself/put it in a trust is a moron !!!!

Jo

Not sure about your advice. If you live in your OWN home then your PPOR would be…[Read more]

Not so sure about your Qld prediction, though with the retirement of the Boomers soon you may be right.

The bigger problem will be if all the ppl spending up on the “Big TV ” suddenly realise they were never as rich as they thought, when the paper profits on their houses (PPOR) disappear.

Even bigger is the boomers who left it all to the last…[Read more]

Had lunch with a Liquidator last week and he mentioned that building contractors are fast becoming his biggest clients.

During Sydneys Boom a lot of them acquired new Vehicles & plant and put on staff to give them the capacity to meet demand. The Develupas (hope I pronounced that right…) are slowing down and their payments are slowing down with…[Read more]

Question for Sydney is when, not where.