Foundation your stuff is always interesting often informative but sometimes labored. The above is exceptionally well set out.

Could try adding some humour but it’s nothing really funny is it.

Foundation thanks for that, suspected as much. I am amazed at how the REI press releases are taken as fact.

Always thought our media (ABC excepted) was very, very poor

Wealth have been thinking myself about the Sydney Hole. Had a chat with property investor clients who asked what is actually going on, with the “Rental shortage” as their two bed unit at Pendle Hill is on around $260 per week, and stuck at that price.

Think there is still a lot of vested interest hype.

There is no land shortage in Sydney.…[Read more]

LA I think we are only a few years behind.

The wealth/gen gap is really hitting here.

As much as I know of the pain in Syds west, I spent a lunch with some fin planners who said that the ave amount people were retiring on was 600K (plus house) drawn from a mix of inferitance and super/savings/property.

Wealth your stats have these people…[Read more]

Buddy that’s old news been like that for the last three years, agent was right on the money …… Oh sorry you’re talking about Perth NOT Sydney..

Don’t worry Perth is “special”

So you got $1K, and no signed contract.

Not sure you will even get the 1K, think solicitors and agents may want a piece of that pie.

I always consider that until signed I have nothing

Admire your Mums sentiments, so will give some advice. Am an accountant and as such I have spent 30+ years in depth looking at how many people manage money.

Work on your Mum and come up with as whatever you can to buy your dad out. Suggest you buy 12.5% ( $50K from your dad 12.50%and $50K 12.50% from your Mum. )In the settlement she will get his…[Read more]

Tracey I try to mix humour with sarcasm but that aside, glad you are okay, sorry to hear about your neighbours.

Personally in the old days that sort of incident would drop the price. these days their are so many specualators who will guess this and may rush in you may get a real bounce in price.

Seriously though at times like this money and…[Read more]

Wealth agree, I am hearing the term in the US of “negative wealth effect”, sure we will hear it here next year.

Simple agree, but also think there is a lot of pent up demand for sellers who are bleeding and waiting for the spring sale period. that should be very interesting, as many can’t hold on much longer.

As for Perth Wealth, don’t worry as…[Read more]

Originally posted by L.A Aussie:
Originally posted by elkam:
“To be on the conservative side, I always underestimate expenses, over-estimate returns/income. It is a successful rule that I live by, and I wouldn’t quote blown up figures to ill-advise ‘simple’. ”

Hello L. A . Aussie

I’m a bit puzzled. This is the second post that I have seen you…[Read more]

Can Am sounds nice and as always the educated buyer does much better than the masses.

Good luck with it hope it all goes well

Can Am that is how Sydney started.

I know I hear the top end is holding up but saw that Flemings mansion on the Georges river sold recently at a loss(7 figues) from its 2003/4 last sale price.

Also I keep hearing the same comments from clients. I put it on the market and did not get a nibble. Market is pretty dead, will try again next year /…[Read more]

Had a client in that years ago his rate of return was 122%.

had a leg breaker collector, licenced to carry a 45 magnum, and owned the premises on a brothel.

was a hell of a ride.

got to see the inside of the NSW special police unit. (luckily not the inside of HMSP)

hop on ……..enjoy the ride.

Great ,my son has been waiting to use the new bulldozer I bought him for his Birthday

I’m with the kid here and agree with Foundation.

Kid (sorry do not mean that in a condescending way just trying to separate my advice from my peers) you have the power in your hands.

My son is 25 qualified last year is now on $45,000 and has almost paid off his HECS. He is with us and saving and feeding his super.

He never expects or wants to…[Read more]

Originally posted by simple:
According to what I see, we are on the beginning of the next “Major” interest rise cycle. Any comments anyone?

Agreed for many reasons.

Problem for western sydney is Property market has been tanking
BEFORE the rates started to move upward.

Remember one of the boomers here on the Boards who talked down a…[Read more]

It is mainly the west. I mentioned to a fin planner from Hunters Hill about the issue and he was puzzled as in his circle everyone is doing very well.

It is a big issue but localised to half of Sydney, the west

Am looking but still waiting think it may get worse before it gets better

Originally posted by kingbrown:
gmh – which city are you investing in? why?

Who is predicting China will bust? When? Why?

Sydney, land bank 5 acres 30min from CBD (on a good day)
Commercial, I am the tennant, will sell when I retire (tax free cap gain….) and feed my super fund around 100K per year.

As for China. heard a long term…[Read more]

Kp, good points, if that is your research and you are comfortable with your investment profile, then that is what it is all about.

Research alternatives, risk anaylysis, comfort level, opportunity cost, greater risk usually equals greater return etc.

Happy investing

Sorry kingbrown, but still don’t get your point

China slows down = Perth slowing down = Bust

Property market topping out = building slowing down=negative wealth effect=bust

I can go on and on.

Busts tend to follow booms, still can’t get why your point is relevant.

My figures based on income / med price, Perth is way over priced

Dosn’t mean…[Read more]