Wrong time to buy definately. Wait for the “pain” to increase yr gain. I love mortagee in possesion auctions.
Bring on the rate rises. The market where i live is slowing dramatically with the same houses (central coast area) sitting in the R/E windows for a long time.
The prices on the houses were acheivable 6 months ago near the top but now they are dreaming and the ones selling appear to be some 10% off the over inflated period last year.
This is in the price range of $400 – $650K. The funny thing agents are still “talkin the market up”.
I think 365 days of the year the agent will alway talking the market up.
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
The Club’s primary focus is ‘growth’ but researchers are required to get the property at a price giving a better than market rent for comparable properties in the immediate area.
A focus on new (not everyone’s preference) or near new ensures depreciation claims are maximised and maintenance issues minimised. These proeprties are also more attractive to tenants, with all of these factors (and others) combined the cashflow situation is maximised too. Albeit at the moment with the rent and growth and cost of money cycles being out of kilter means there are additional out of pocket expenses than compared to even 12 months ago.
In terms of expensive properties – you should see some we reject. But bear in mind the median price of property in Perth is around $236K and Brisbane $280 ish (? – rubbery memory here). Given we target property closer to the cities and ‘cheaper’ properties tend to go quicker than the more expensive property the nightly stocklist can give a distorted view.
Ultimately Chan$ comment is of utmost importance –
“I guess if the property that one view or inspect and found it’s not worth buying then the best way is not to buy it. Simple as that.
There are so many property on the market and you just can’t put your hand on everyone of them.
But do you best and hope for the best which every you do because at the end of the day you do as much as due diligence and market research to your best of your ability.”
I still encourage individuals to do their own research and conduct their own checks and balances – if they are in any way uncomfortable or nervous – don’t do it.
Hey Aussie,
Time for a second shot at the title:-
Ok guy opens wardrobe to discover……bloodsoaked jacket just your standard jacket.Looks like he has been involved in foull play and guy opening wardrobe remembers that he heard about a viscious murder last night in the same street and realizes that the guys house that he is doing pest inspection on is actually themurderers house….WHIP SPLAT Bang >>>DEAD!!![]
I think this is the answer!
Aussierogue,
is it?
Warm Regards
ChanDollars
[Keep going, you’re on your way to Frolic Freedom!]
Viewing 20 posts - 1,421 through 1,440 (of 2,330 total)