There are many different types of investment properties.Hotels are consider as commercial property as far as lenders see it, so they would lend 50-70% LVR. Only some can lend up to 80% but many conditions apply.The good part for Hotel investments are they offer fantastic incomes, so your yield could be very high depending upon the occupancy levels…[Read more]

Homersyd,Good on you that you've bought your own property! Syd market is tipped to increase in a big way in the next few years! BIS Shrapnel.About your next investment property, you'd need to have at least a 10% to 20% deposit. Either in savings, equity in your home, or family/friends loan. Also there is a creative way if you have enough super…[Read more]

dbliss,Hindsight sure is bliss… sad to see how your husband feels about the property market…. many thought the same about the FHOG, last year many people bought their home…. while others speculated that the market was too high and would wait for it to end thinking the market would drop. It did not. It actually increased to everyones…[Read more]

fWord,Indeed, good for you you purchased last year, Dec qtr RPdata reported strong growth.The Australian Medium is now $470,000. Last 12 months property increased in Australia 11.6%. Not bad in a global financial crisis and most developed countries in a recession.Australia was once of the few countries that increased its interest rates 4 time over…[Read more]

Eeyore,Yes I can, I have a few properties with her.Helen at Empire Rentals (07 3841 0988) fees are 7% plus gst, if you let her know that Eric referred you, she might be able to give you 6% plus gst!Good luck.

Hi Deidrea8,Thanks, very interesting website indeed.Hows the market there now?

deidrea8 wrote:
To the original post: We have a local real estate agent that posts reports on our local foreclosures/short sales and other general buying information like prices and so on. She posts them on her site (http://www.maryfloyd.prudentialgeorgia.com/) and her…[Read more]

Hi ClkhooI understand that it seems hard to see properties increase to $1m in time, but we need to be aware of inflation as well. so if properties do become average $1m in time, then average incomes would also be equivalent. everything is relative. best compare 20 years ago, what were properties worth? what were average incomes? cost of milk ?…[Read more]

Hi all,Did you know that Brisbane properties in the lower end (below $450,000) have actually increased in value of 10% over the past 12 months. (Mutusik Insights).This is the area that is doing well throughtout Australia, not just Brisbane. Obviously the higher end is the area where most are not buying in volume now. Hence, great buying…[Read more]

Cargill,Sorry, too many comments, I'm just trying to respond where I can. Better than no replies.Cheers.Eric

Badger r us,Once again, I've never met you, nor you meet me. How can you make a judgement on someone you never met?I have not said anything towards you at all.I do thank you for your comparison of me to Tony Robinson. This is a major compliment as he is one of the worlds most successful and powerful coaches. He has encourage millions of people…[Read more]

WJ HookerCan I ask you a question?Do you believe property increases in value over time?Eric

AjayPrices of residential property have proven to increase in value over the past 60 years in Australia. Obviously incomes were much lower back then as well, the australian dollar was different and rental were different.But its all relative.Incomes have also increased to since then, today average inome based on ABS is close to $60,000 now. Also…[Read more]

Reece,Great to see you are looking to buy a property, please do see a financier to see how much you can afford first. If you can buy it on your own then great, go ahead.In regards to buying with a friend, this is good in theory but may be challenging in the future. You may wish to seel and buy something else, they may not agree. Your friend must…[Read more]

WJ Hooker,DARWIN grew last year 10% for houses 17% for Units – Matusik Property Insights.Eric

Badgers_R_Us wrote:
Hi Eric!   Super great to hear from you. I bet you are a really super guys who's really great. Great!  Love all your ideas – great, super, AMAZING.  You must be a really good guy, and great as well . And  I bet you'd be great at anything you do. Super.I'm sorry Eric but have you been lobotomised and had the bit removed repl…[Read more]

PROPERTY FUNDAMENTALS1. Australia's Populations (now 21,700,000) is growing both local migration and International Migration. 2. We are not building enough properties (both homes or units/apartments), there is a major under supply of property.3. Rental Occupancy rates are at historic highs at 98.5% ( or 1.5% are vacant) in most capital ci…[Read more]

Over the past 50 years in Australia, there have been a number of recesions (state or nationwide) and the property market NEVER CRASHED, it was proven to either hold it value and went sideways for few years, but never dropping to $100,000 or $0!LONG TERM you cannot go wrong with property.Eric

Matt,So you made money in 6 years!If it was a brand new property.If it was new, good qoulity and design, either a 2 bedroom apartment or 4 bedroom home, good location, close to schools and shopping centres, public transport, Im sure it would have been ahigher price to buy, yet also worth more as well.Look at Port Melbourne, Docklands,…[Read more]

Matt,That great, do you still own it?If so how much is it worth today? Have you made your money?Eric

Daniel,The FHOG most likely  go back to $7,000. For the new homes, I believe they will continue that, our economy needs it to sustain housing demand and inject money back into the economy.Eric