Thanks again Russ, your comments are helpful. Like you said, you know your area through experience, which is what I also believe is necessary in the area of an investor’s choice… But seeing as though I dont have that yet, Im a bit aprehensive as to what kinds of areas I should be looking at. Having always been good at maths at school etc, I just…[Read more]

Russ, I understand what you’re saying, but Im trying to figure out a mixture of things… what type of tenant will I attract if I buy in a town with extreme conditions as those you mentioned? Either one that likes that kinda environment, or one thats likely to leave. I dont know if that really made sence, but I want to setup some kind of system as…[Read more]

Thanks for the tips SIS, and Kay, Ill be buying API asap! I read about it on a different post, and it seems very common & useful to many investors. Is it usually available from most newsagencies? Or should I just subscribe (dont have a credit card, so subscribing to things like that is just a real pain!)
Thanks for the advice though everyone

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SIS, with predictions of C.G, what sort of things should I be looking for? Growth within the last 3 years or so, and probable future growth through reading Council minutes, predictions etc? What other resources should I be looking at? Also, personally I would be looking for something with +CF (or neutrally geared if its a good property… Im…[Read more]

Country predictions… Country growth… the real topic for this thread?! Can we try to stick to the point please! I really need other opinions on this! LOL! Thanks

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Chan, I see your point, but taking into account that inflation compounds at say 3%p.a, in 18 months time, the property will have needed to have gone up by about 4.5% from now just for me to be in the same position. Taking into account the stage of the property cycle we are in, I dont think peoperties will appreciate by the 20%, maybe the 4.5%-5%…[Read more]

Hmmm, I know… I wish SIS would just tell us all what it really is rather than leaving us guessing like this!

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Please dont start this again!

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Hey, Im actually looking up the same thing, but in VIC… lol, seems like you & me are very similar! Umm, Ive been looking up the ABS stats – try this: http://www.ausstats.abs.gov.au/ausstats/2001maps.nsf/HomePages/AusStats+BCPs coz it lets you look at the demographics of towns etc, sorta get a feel for the area before you inspect (if you plan on…[Read more]

SIS,
Obviously the investing community here would Love to hear about the ‘Domino Effect’ as this topic is getting pretty large now. I understand that a lot of investors think they have discovered a ‘secret’ to their game, and fair enough that they wish to keep that to themselves. However, (note, Im probably way off the mark here, so dont be…[Read more]

Hey Nath, if I found land for $1000 in VIC, Id be Lovin’ it! Considering its not too far from Perth, there must be a reason why its so cheap. Have a look at the Title, see if there’s any covenants or caveats over the property that restrict you from potentially building, what you are allowed to use the property for (zoning) etc. Also, with the…[Read more]

Thankx for the advice Kay, Ill try to find out more info ’bout the towns I was looking at… although I havent really concentrated on one particular area yet – even those few questions reagarding each town will help me to filter out a lot of towns… Thanks!

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Thanks for the advice Age, nice to know people are doing well, and particularly to me as I think country will be the only way to start on a limited budget/income. Geo, I think I understand what you meant by your predictions-assumptions quote, but doubt its accuracy. Are you saying that the economic world relies on bad assumptions? Maybe the…[Read more]

dude, youre makin a mess! lol, try to stick to the one topic… youve already started topics similar to this, so stick with it & youll get more positive & relevant responses. Otherwise explain what you want people to reply about or comment on, coz the info in that post really offers nothing to the community.

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The law is that any insurance held by the vendor between signing & settlement is for the purchaser’s benefit. Therefore, if the vendor doesn’t have insurance, it’s your responsibility (also your responsibility to renew insurance if it runs out between signing & settlement).

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dc summed it up perfectly. Ive almost finished my Estate Agent’s licence (in Victoria) and basically it depends on the Authority between the Agent & Vendor. If it is:
* Exclusive/Sole: The agent will get commission once the property is sold, whether they introducy the purchaser or not;
* General: Agent will only get commission if they introduce…[Read more]

Hey, welcome to the site/forum!
As for your goal of retiring/semi-retiring at 30, thats the same as my goal. I dont want to HAVE to work by the time Im 30 (to be exact!) Ive just turned 19 and am a firm believer in having goals and sticking to them, however keep in mind the magnitude of what property really is:
* The ‘great Australian dream’ is to…[Read more]

I agree that these low interest rates are great… almost too tempting to resist, however Im not going to let that influence my decision to buy property & HOPE that it will give me a good return (either +CF, CapGains or both… whatever). As for reading the papers & listening to the media… while they may not be right, they sure do influence the…[Read more]

Hi KBH,
The govt recently changed the laws regarding the FHOG and now states that you must live in the property as your principal place of residence for at least 6 months within the first 12 months from completion/settlement. They actaully have a site set up with info on the new conditions, and sorry, I dont have it on hand, but if you search for…[Read more]

Hey everyone,
Thanks for the input, and it’s interesting to see people’s different opinions and insights into some strategies, but really, why would you buy property now? Aren’t Real Property prices the thing we need to be looking at now, and trying to study in the future? — By the way, if anyone knows a good site to be able to get these graphs…[Read more]