Is this the last saga of 100% loan product?

If you look at the auction figure closely ( I am talking about Sydney's market), the amount of turn over is 4x less than previous year…. so that the %of auction rate is MISLEADING.. The volume of transaction is 4x less….

I agree with you Michael. The BOOST by government while creating a big black hole defisit, will basically creating more pain for property market in the long term. The game has already begun….

I would consider high single digit or even double digit for large regional properties. I do know lots of doom and gloom in the mining areas but avoid at all cost. Main reason is I can easily get an unit/apartment close to sydney CBD for 6-7% gross rental return.

Just becareful of congestion TAX if invested in car parks around sydney area/north sydneyIt may make your investment become worthless

Just put the offer (the price that you think reasonable) in writing to the real estate agent…There are currently lots of 'potential' home buyers looking to purchase creating a 'mini' boom in sydney's market.Wait till the end of this year…. you will probably see more distressed seller as unemployment rate is predicting to hit 10%i.e. 1 in 10…[Read more]

10% return???

It is a bit unrealistic to buy property in sydney with CASH

Make an offer of A$ 20 dollarsi.e. 5% return

property shortage??!!!! ….over 500 apts for sale around hombush/rhodes area

Run away on any broker who suggest non-bank lender….Too scary

http://business.smh.com.au/business/firsthome-buyers-in-the-eye-of-a-storm-20090317-90zp.htmljust read this article.Who can we trust??? NO ONE… apart from property spruikers….

http://business.smh.com.au/business/firsthome-buyers-in-the-eye-of-a-storm-20090317-90zp.htmljust read this article.Who can we trust??? NO ONE… apart from property spruikers….

Is this a full doc or low doc loan?Lenders are getting tougher now especially on refinancing.. from memory ING recently downgrade it to 85%LVR on all refinance.I think over the next 1-2 years… it will be difficult to refinance if you have >90% LVR into big banks

Too many apartments being built around that area..But lots of investors/first home buyers being swayed to buy buy buy buyIt will get worse before getting better.The rental return is on the way down….

Why not get an accountant.. even online tax accountant will be able to help.I am sure that laptop will need to be depreciated over time.

Richard, I guess that GOB has been swayed by stupid advertisements or by the 'non-competent' mortgage broker.

It depends where is the location of the property.If it is close to uni or hospital, then june/july is a good time

Thanks Richard for your info.

Richard, Is there any reason why you choose Unit trust instead of DFT if it is positively geared?Cheers