Scamp wrote:
Anyway, first thing any REAL prime minister does is cut the tax benefits on property investment as a whole.

Hahaha! Dream on Scamp, without the tax benefits a lot of investors would just kick the renters in the street or put up the rents 4 fold. The rent money alone is not worth the hassle of a tenant, I'd rather keep the place…[Read more]

Scamp wrote:
RBA will *NOT* lower the rates, how many times do you want me to tell you.Just take the advice, and do something with it. It can be predicted, and it just was. Just do the maths and you will know why they won't lower the rates.

So you are now qualified to give financial advice AND have mates over at RBA, right ? I think you've…[Read more]

Scamp wrote:
Interest rates won't fall… It's a hoax, just like all the spruiker stuff the real estate agents post.

You mean like your genius hoax ?

Scamp wrote:
My genius plan was to advertise houses for 30% under the price of an auctioned house, with public viewings the same date as the auction, and the same times too, just to make sure…[Read more]

Scamp wrote:
http://www.news.com.au/business/money/story/0,25479,24105428-5013951,00.htmlon news.com.au : THE weakest market in four years has seen house prices drop in most capitals with predictions next year could see 10 per cent falls.

You forgot this part "Weak market blamed on high interest rates"on news.com.au today :"For starters,…[Read more]

Scamp wrote:
– Bank interest rates *will* go up. Whatever the RBA does ( they should really up the rates also, but it doesn't matter, even if they don't the banks will ). This makes money even more expensive.- Recession is coming, Australia won't escape it. This is not the time to get yourself in debt.

Getting a bit desperate, are we ?

Sorry Anrobel, not up to date with central Mandurah market. If you're only looking for 400Kish I don't see much of a downside in holding, even with a R60 rezoning the price can only go up. Plus in the current market the only inquiries you'll probably get will be from "cash" buyers expecting to get it for half price.

Anrobel wrote:
Can anyone tell me what is the usual cost of selling a vacant block.

I wouldn't give them more then 2% but around 2%-2.5% of selling price + GST seems to be the going rate in Mandurah. If its in a high traffic area plant a "For Sale" sign on it with your phone number and see how you go. Either Waterways or Falcon settlements…[Read more]

Hmmm, lets see. … There is currently a lack of builders so first they will have to bring skilled migrants to build all these extra new homes. The workers will have to be housed somewhere so that will put increased pressure on the available rentals and cause the rents to go up by 50% or more. Building costs will also go up and so house prices…[Read more]

howardcm wrote:
Thinking a duplex in Kardinya at the moment or a house in coolbellup even though its pretty dodgy

Not as dodgy as it used to be, they've been moving undesirables to other areas for the last 6-7 years. Still got the stigma hence the lower land value.

howardcm wrote:
Why rent when I can buy a house paying the same amount? Once I move out after 6 weeks ( 6 months ?) I will rent the house out and it will cover 85%+ of my mortgage

Now that's a nobrainer , Scamp.

Scamp wrote:
why would you buy now ?Rent, then when prices are lowest, buy. It's really a nobrainer.

If the OP has the 350k to buy then now would be as good a time as any, why rent when you can buy ? In 6 months he could be renting the place to someone, maybe even you. There are plenty of houses to pick from in that range and not many buyers…[Read more]

potential FHO wrote:
Not a lot of support here for potential FHO, never mind. /quote]Plenty of support Sean, just not for GHPC trolls. Try Ss, you may have better luck there.

potential FHO wrote:
Property is a unique asset. Its main purpose is shelter.

G'day Sean, what about a container or two in the bush ? That could also be classified as shelter.

Quote:
Its secondary purpose is that it can generate income through rent.

Without the NG and good CG you'd currently need at least 15% return on your rental just to…[Read more]

I bought /sold 2 of them in WA, don't remember the rates when I bought/sold them but it did go 18% while I held them.Old asbestos dump bought for 62k sold for 78k after 13 months and a paint job. The other a brick & tile bought for 89k sold for 107k after 14 months, a paint job and garden cleanup. Could not be bothered with tenants at the time…[Read more]

clubhonda wrote:
Now what amazes me is that I live near Wyndham village and I've never heard of it! (This friend learnt of the project in Singapore where it is being marketed). I'd like to hear what you guys who are the experts think as I'm relatively new to IP.

I've been going to a few open houses recently and there are quite a few interested…[Read more]

Scamp wrote:
I've been saying Iran war is unavoidable since February. By the way, fuel prices in holland are already 3$ per litre.

Wow, that's about $2 in tax.  No wonder they can afford the level of health care and welfare they get over there.

ormeau wrote:
Environmentalists say a CSIRO report predicting the price of petrol could rise to $8 a litre in 10 years

Yes but what is the predicted average income ? I don't see that anywhere in the story.

You'd have to do a lot of searches to be worth the $186.  I saw a couple of  links somewhere on this site,  streetsales.com.au  and  onthehouse.com.au I think they were. Wouldn't one of them do the trick instead?cheers

Jon Chown wrote:
The average new house size today has more than doubled overthe last 20 years, consequently is would be fair to expect that average house prices have increased.

To add to what  Jon said , not only has the house size doubled over the last 20 years but thanks to "GW" it needs to include a more expensive Solar HWS, mandatory…[Read more]

L.A Aussie wrote:
My guess is either you are Peaknik, or you've roped in one of your GHPC mates to come in and give you a hand.

Was it the comment about gold that gave him away ?