Now, as property investor you are obviously intelligent enough to make your way in the world. I understand that your wish is to provide a better future for you and your family. No problem. However, if ones providence is based on the impoverishment of another that is a different story.I certainly don’t want to take away from any other hard w…[Read more]

Dual key units are generally located in Hotel/Motel style developments or in Student accommodation blocks and while they will show a better than average rate of return they usually suffer a lack of Cap growth due to the fact that when they come up for sale the new purchaser will also want to achieve the same rate of return (or better once they get…[Read more]

I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

I think that the basic concept of Amway is good, but I also believe that the break down in the chains is that, from my observations , People pay the joining fee with the expectation of getting rich quick with no work output and as soon as it doesn't happen and the cheques don't come in, they quit.   Not unlike many people who get into property i…[Read more]

Property is a unique asset. Its main purpose is shelter.as a potential FHO I am not a fan of NG and what it has done to housing affordability in Aus.I'm not sure that negative gearing has done anything to your affordability.   What would you preferr, the Govt giving incentive to people to house you or you paying twice the rent that you do p…[Read more]

I would hold this property.   Investment is for the long term and you should not be dissatisfied with the performance in just two years.   After paying selling fees and CGT there will not be a lot of profit and I very much doubt if you could replace this unit with another for $397,500.Quick profits come from greater risk and are of a more specul…[Read more]

Chelley.   You should realy get legal advice on this situation.   I don't understand the full implications, however I have come across this situation before.   I wish that there were some Solicitors on board here to clarify this one.   From my understanding and I have no idea why it is so but unlike any other clause on a contract which is deemed…[Read more]

I'm sure that you will do a great job on this very important Topic.   While I don't fit into any of your categories, I would like to bring one point to you attention (just in case you miss it).   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…[Read more]

Pez,   While I am not familia with NSW regulations,there are a couple of issues that I believe that you should look into.What is the size of the land and if divided, will it have a large enough footprint to build a home on allowing for set backs?For example an 809m2 block is typically 20m by 40m when cut in half you get two square blocks of 20m b…[Read more]

Bugger – Don't know what happened there

I’m not for one minute disputing the fact that the Property market is flat at present and in fact I’m sure that in some places the value has fallen.   I would suggest that perhaps the degree of fall would be greater the further out from CBD’s or Regional Centres. Buyers fall into several categories;-First time Buyers with good jobs and income (…[Read more]

I’m not for one minute disputing the fact that the Property market is flat at present and in fact I’m sure that in some places the value has fallen.   I would suggest that perhaps the degree of fall would be greater the further out from CBD’s or Regional Centres. Buyers fall into several categories;-First time Buyers with good jobs and income (…[Read more]

Hi Jake,   Not sure about WA but in QLD this type of decision would have to be unanimous. (I have personally seen an instance where the purchase fell through due to one old lady saying that there was nothing in it for her)   I would be surprised if the Developer would let this rumor out in the public domain as it would affect their negotiation pow…[Read more]

Hi Melbally,   As most people wish to believe that the Vendor should always negotiate down, I'll pose the other side of the equation.While I have no idea where Melton is in Victoria, but with a 3 bedroom house at $185K, I can only assume that it is a regional area.   While as a Buyer you have every right to negotiate as much as you wish and you…[Read more]

Hi Habby,   Questions like yours are difficult to answer at the best of times, however I do have a couple of thoughts but first I must ask the obvious.   How does a property pass your investment test?I know nothing about property in Mornington Peninsular, however i'm assuming that property in the $300K to $350K range would be the most sought aft…[Read more]

Might I suggest that one party is going by the letter of the law and the other party is chucking a wobbly because they can't get their own way.   For goodness sake, what's the rush, if a couple of weeks vacancy is going to be that big a problem then you have either overextended on your borrowing capacity or you should not be investing in p…[Read more]

David,   Just put it on the ignore list, anyone well intended would at the very least accept messages and post under their real name.   Check out the profile.I'm not suggesting that the comments are right or wrong but wonder if we can expect any messages when the market changes and what they will be.   Jon

You have to be kidding TT552.   Here is a person who has one house with a shortfall of around $100 a week and a Unit that I presume they are currently living in (as it was rented) with a loan value of $370,000 and a service cost of what? guessing around $1000 a week.   So thats a total of $57K a year on hosing and an income of $265K.   Talk about…[Read more]

Chris,Long term (10 years or more) I don't have a problem in suggesting that there will be profit to be made in this area (Left Bank as we call it).   However I believe that there are better prospects for investment than in these developments.   Ariva is about to settle and thereare already people trying to resell prior to having to set…[Read more]