There were 359 residential properties listed for auction in Sydney on the weekend with more than 71 per cent selling on the day representing another good week of auction results.

In Melbourne there were 495 properties put up for auction with 78 per cent producing a sale. In Adelaide there were 49 auctions with 57 per cent properties listed selling on the day. In Brisbane, 65 properties were listed for auction with 27 per cent selling

So… What CRASH!!!!

Hi Snoopy

No.. I am not a full time investor.. in fact, I have a hobby over property and shares.
I am working full time as a senior registrar @ NSW hospital.

It is not difficult to find CF+ve, you can try the regional centre, small town, etc…

I am in the process about buying a house 6 bed+4 bath 2 level double brick/render 670m2 plus granny flat @ Liverpool, NSW and 5 min to everything

I am thinking about getting NSW planning to approve the granny flat under new NSW planning law
I like liverpool as they are building the largest hospital in Australi, westfield, CBD, good train system, M5 and M7 etc….

It would be CF positive as I could have 3 potential rental income. A lot of people around Sydney South West have been renting out the granny flat etc.

Cheers

How about every day spending 1 1/4 hr plus waiting time plus delay x 2 = 3-4 hrs just for transport
It will drive everyone MAD…

Sonya, you can't get a descent house if < 750k.. unless you want to live in the flat
The problem is $$$ = jobs Sydney CBD

Try CityRail and Sydney Bus… tell me what you think about the transport system in Sydney.
It is the slowest railway system in the WORLD.

Driving.. yes… try to get into sydney CBD 7-8am with toll charges and parking fee…KILLER 
and petrol is going crazy..

Sonya… try to rent a house in inner west sydney…
you need to compete with 15 applicants…

rental market is crazyyyyyyyyyyy

Saw a few good deals that REA offered me
Lakemba- 210k unit with rental = 250-280/week
Wiley park – 6 years old 2bed 101m2 unit 290k with rental 370/week currently

I am working on the deal @ Liverpool at the moment 

Moore… the agent rang  me on the deal.. fully renovated house 85k with rental 150/week
and also block of units currently rented to department of housing with yield 11-12%

They are plenty of deals out there… not sure why using Buyer agents…to source CF properties
I use it if I want to secue unique, rare properties in Sydney  

8%… You must be kidding
I can get SLF/WDC/GPT/SGP = 7-8% dividend with top quality assets and management team

You need at least 15-20% to entice people to join.

Otherwise go to provident capital with 9.5% secured against the 1st mortgage

I like liverpool area as they are building IF NOT the largest hospital in Australia/southern hemispehre

it will create jobs etc etc

What do u mean by mentally drained and a lot of pressure?

I thought that REA loves to pressure the buyer?

I like Archicentre
They can give you some advice to improve the property with small cost..