Hi All
Steve and Dave probably have admin. and other staff working for them so to say they did this alone would be incorrect as well. Theirs is a fulltime business which employs people and uses subcontractors extensively. To attempt this in your spare time (not that they ever said they did)would just never work, not even 20 IP’s would be…[Read more]

Hi All
I dont think I can agree that Warren Buffet’s strategy can be safely used in property. Equities are much more liquid and thus one can move completely out of an investment in hours. When you buy into property you are generally stuck there for a long time. That means that to put all your eggs in one basket is a lot more risky. To diversify…[Read more]

Hi Kristine
I am guessing a bit with regard to your motives for wanting this data but if you are seeking the population figures in order to understand population movements I would suggest that you seek data which shows the population numbers over an extended period (say last 30 years). If you plot these numbers against say the median house price…[Read more]

Davo
I am referring to +ve geared IP not negatively geared IP and more specifically IP that fit the 11 sec. rule. (i.e. 10% return or greater)

westan
As I have mentioned before, the figures dont really matter and also you are right that over the long-term the market will recover. Just how long it will take to recover after this large bubble deflates is hard to say. I would just like to see fewer inexperienced mum & dad investors getting into this sellers market. The long-term reputation…[Read more]

Crashy
Although I agree with you about the prices of property likely to correct sharply in the next few years, it starts getting a little silly trying to justify each others statistics. Anyone of you who know the smallest thing about statistical analysis will know that you can find exactly the sample of data you need to justify any case. All you…[Read more]

brianc
I agree with you that a 2% increase in interest rates will have a big effect on the Syd/Melb markets. I think there are many inexperienced IP owners who are negatively geared and also many families who have paid too much for their PPOR’s. These people are not going to be able to support a 2% rise in rates and will be forced to bail out.…[Read more]

Many people speculate about country towns ability to tolerate a downturn in jobs (higher unemployment). When higher unemployment does occur (not if), then I believe that country towns will be hit harder as people are forced to find work in the major cities. The economies of scale favour cities resilience to cycles much more than regional centres.…[Read more]

Does anyone have real stats on the number of people migrating into and out of Aus. as well as some population flow figures between cities and towns? It would be interesting to know which areas are growing in terms of population, at what rate and from which sources (i.e. OS immigrants, interstate). Also cross matching this with some…[Read more]

aussierogue
I agree that baby boomer movements will create demand near the water out of but close to the larger capitals, e.g. Sunshine Coast which has had a very hot run lately but still has further room to grow as the boomers from south get pushed out and wind their lifestyles down.

Hi Richmond
I am always on the lookout for a good deal therefore will never sit it out completely.
Good deals have a habit of coming around when you least expect them! Having said that, it is obvious that as prices rise one must go further and look harder to find deals that stack up. With prices so high at present it is much harder to find IP’s…[Read more]

I would have to agree with Stuart. The way I understand it, if you purchased a PPOR live in it for a while then later you decided to rent it out, you can claim the interest costs on the original mortgage amount. You cannot refinance and obtain more equity offsetting the interest on the additional debt beyond the original mortgage amount at the…[Read more]

Hi All

Well it is difficult to discuss all the facts that influence such a complex market as the property market let alone the economy as a whole in such a brief message (i.e. without writing a book).

Firstly, it is not correct to work backwards from today’s prices and use any % increase over time to estimate where prices were. This thinking d…[Read more]

aussierogue
[]-Touché. It would appear that my forum name is at odds with my advice. Truth is that I do believe in a balanced portfolio and in fact do own units, houses and other investmensts. Within the investment class of property I have in recent times begun to favour houses over other types of IP for 2 very good reasons. Greater capital gains…[Read more]

SuperTed

I believe that the short answer to that would be no, if you owned a property while married to her at any time in the past.

Captain
Acquiring many properties at any price with the view to them working for you and you not requiring you to put in much effort is not very realistic. Managing or just owning 100 properties would certainly require more time than one person has. There is an unwritten rule of part-time property investing that says the average person will only…[Read more]

Hi Jules

Here are the rules from the following website

http://www.osr.qld.gov.au/gas/fhog/grant.htm

To be eligible for the base $7,000 grant, you must have completed an eligible transaction in relation to the purchase or construction of a home that is your first home and must satisfy certain eligibility criteria. The eligibility criteria are as…[Read more]

Hi Stephen
I personally don’t buy anything I don’t inspect myself and do not trust anyone with a vested interest in the deal (i.e. Real Estate Agents).
Do the numbers, inspect yourself and then definitely get a building inspection. There are certain things which photos cannot show for example, a bad neighbourhood or neighbours etc. These types of…[Read more]

Hi All
Yip it does seem that it is near impossible to find these little gems! Sure if you spend much more effort looking in every nook and cranny then you will probably find something. These properties that you will find are the few which are being sold under market value because the vendors are probably not aware of the current state of the…[Read more]

Hi Johnny
My IP is managed by another Strata Manager but have also found them to be less than interested in keeping fees and costs down. They seem to encourage interaction as it obviously generates a fee everytime. On top of this they also seem to be less than helpful or experienced with regards to the intricacies of owners rights and…[Read more]