Sounds like a nice ride.
Partial to them myself
catch you later

Cabo welcome to the “A/Mod drag racing forum”

Yep it is Jim Rowleys 1974 Statesman that he ran A/mod in. Ran 11.68 and 132mph (on diff runs).

Car ran pro stock by invitation was driven too and from the track with monster tyres and tunnel ram. Had a Hone O Dive, 4.56 on the track and 3.19 on the street. Wheels up launches with licence plate and no cage. Also castlereagh in those days was a slippery track. Read beat Garlits there as he could not come to terms with lack of traction.

Street top speed 172 MPH (and we are not talking theoretical) AND it was not me …..please don’t ask me where

Now mechanically restored back to its undriveable condition.

Sorry what was the question again….

Oh yeah, it was part of the positive cash flow thing, back way before it was a buzz word, Have a colleague whose client bought 10 for around 1.2M in early mid 90s. They had a great rate of return. Buying in that number you became your owner manager of risk from tennant, and could get some leaverage with management as you had a nice parcel.

All west of Blacktown

location, location, location.

Agree wealth, and glad to know someone has been paying attention.

Thank you Foundation, it is nice to have some numbers to play with.

Interesting you mentioned MEWing, I recently refinanced, and found that the lender of my choice would not go much past $500,000. that was fine because it met my needs, but I was puzzled as my income levels we at their highest ever.

Commented that I was surprised by this and puzzled at the low income owners with their million dollar property portfolios all covered by debt. He smiled and commented that all accountants are not as honest as mine, and between low doc loans and fake tax paperwork, people can basically get what they want. (brings a new meaning to the “need a investor savy accountant” threads we often see.)

Compare this with the 1980’s where you had to give the bank your first born boy, before they would give you 70% of 95% (their value).
The explosion of easy money, the rise of the spruiker, the media bandwagon, HOT BLOCK BACKYARD WHATEVER, and the suspension of common sense, has provided for a very interesting time. The real fun time is yet to come. Problem is if you actually know any of these poor people it somehow looses the humour.

It is a state by state deal, even areas within cities vary.

With property diving out west of Sydney cannot see how rents there can rise.

Also saw last week on the ABC 7.30 report that mentioned in apartments and units the vacancy rate due to drop as construction started years ago comes to conclusion.

We have been fed figures interpretted by people with vested interests for so long, I will sit and watch first before getting excited.

Ohmmmmmmm
Property doubles every seven years
Ohmmmmmm
Property doubles every seven years
Ohmmmmmm
Property doubles every seven years

That’s better, think I am ready for the next boom now.

(Always best to sit with legs crossed, …..incence or rocking back and forth are optional)

Hmmmmmm … if a 230k property bought in Sydneys west went for less than 100k, ……what about the lean-to with natural ventialtion and in built wildlife, that I bought for in Woop woop for $$$$$$
back in 2004 ???????

Nahhhhhhhhhhh

My favourite part was the hype from the RE agent who bought it, to say “there has never been a better time to buy “.

Question is will western Sydney drag down the rest.

Come on …if the market doubles up every 7-10 yrs, it can’t be that hard to find out when the last “7 yr ” boom happened ??????

It seems I have read this so often, it must be a fact..

Someone please put me out of my misery..

Terry

I would like to know how many Syndey investors, have used the slowly disappearing equity in their homes to buy into overpriced Perth.

Know of a few personally, I think the Sydney boom, has been a significant contributor to the Perth boom.

Don’t think it is all Perth locals.