Well, there is a possibility of proices become CF+, I suppose. I’ve put a post about negative growth in the General Property section. There are some areas that are losing value- not merely maintaining. API mag doesn’t show regional and rural areas, but there’s a possibility that these areas will LOSE value too- not just maintain. Hence, if…[Read more]

It isn’t a competition, folks. This Forum is a discussion place about property. It is what we make it to be.

kay henry

Sonja,

I don’t think it’s analysis paralysis. I think that when we have limited money (as I do), then it is always a decision about how to spend it. I just think you’re honest- not neurotic ))

If you can immerse yourself into a seminar, then you may take away lifetime skills. I tend to think seminars are about personal aspects rather than…[Read more]

If the launch is this Tuesday in Sydney, then yes, I’m definitely going I always get dates mixed up and forget stuff. Thanks. Phoenix, for the reminder.

kay henry

I think also that apartments are relatively new to the RE landscape in australia- as in, the first suburban units were built in the 60’s or thereabouts (we called ’em flats back in them days- hehe).

New apartments are a bit “new york” now… and young people will grow up thinking they’re deirable, whereas in the past, they WEREN’T desirable- as…[Read more]

Neil Jenman doesn’t seem to like Whitton:

http://jenman.com.au/NewsArticles1.php?id=110

Whitton’s a Richmastery guy. The interesting this is, he says he made $8 million dollars in property in two years- and the guy looks only about 20 now- hehe.

I might go along to the sydney gig on this tuesday coming- it’s on in Darling Harbour, so it’s…[Read more]

SS = So sorry?

kay henry

If I was a wrappee, I would want proof that a wrapper was paying off the mortgage. We get upset if tenants don’t pay rent with vanilla buy and holds; and wrappers get upset if wrappees default- but who watches the wrapper? There need to be a Wrapper Manager- like a PM, but a WM )

It’s a risk to hope that another person will pay offyour mortgage-…[Read more]

calvin,

API is produced in Qld, and typically has articles of all states and maps/median price tables of brisbane, melbourne, and sydney.

This edition has mapstables of the above three, and articles also on perth/WA and SA- but no maps/median tables.

Generally, there are median price maps one month, and median rental maps the other month of the…[Read more]

hehe Del- try buying a block of units in Sydney )

kay henry

Celivia, you’re in good form Feeling good, huh?

kay henry

!!!

kay henry

investron, depends on the tenants as to if they want a house of unit to live in- it really depends on the demographic you’re targeting. A lot of young people do NOT want to live in a house- they want to live in a unit in the city, with a gym and a pool. If you are targeting the suburban nuclear family with kids, then yes, they do want a house for…[Read more]

Rose,

Houses appreciate more than units in urban areas, where land is in short supply. Where land is in great supply, you can buy a block of land for $1500 (try katanning on domain.com).

The “land appreciates, buildings depreciate” saying is true for many markets- but land does not always appreciate- in some rural locations, for example.

BC…[Read more]

Rose,

It won’t be more positively geared if you add a larger deposit, but it will have greater cash on cash return- for what it’s worth. But you’ve still spent the deposit- so you have plus 30k and less return, or minus 30 and more return- much of a muchness.

Go gently with positively geared houses now, rose. If you’re financially strapped now…[Read more]

ok Phil, I’ll give it a burl

How many properties do you want to own?

** about 8 would be nice

Weekly passive income $xxxxxx

** around double the average Aussie wage on retirement. I’m a spending freak, so I need that much. This will be from savings, superannuation and property income.

What level is happiness?

** any level is happiness,…[Read more]

Single person household increases in city areas are well-documented:

“Melbourne’s socio-demographic characteristics have also been changing… dwindling average household size and a significant increase in the proportion of single-person households, a trend towards delaying child bearing, and so on. Changes like these have important implications…[Read more]

Shar,

Sometimes references don’t mean much. I remember a friend of mine’s girlfriend pretending she was a former landlord, and was writing a reference for the two of them. She put her own mobile number and wrote a letter saying what a well-behaved and housetrained dog the teants had (it was a cute little dog).

When the RE rang her, she just said…[Read more]

Greg Seems a fair enough list of what you’re looking for- it’s kind of like a job description. Think of yourself as an employer. The other parts of a job description involve essential aspects you’re looking for (skills/qualifications), hours, wages, and sometimes performance indicators.

So, perhaps you could think about the following in the…[Read more]

NATS,

I take a different approach. I work out what I need for the IP. So say I need 20% as a deposit, or 30% for the next IP, I work out what that amount will be (by knowing what value property I want), and then look at my LVR and equity I have. So say I need 5k for the next property to keep my LVR at 80%… then I know I have to find 5k. If I…[Read more]