Terry,

Shouldn’t that have been $1000 a week to make it positively geared? Or do you mean a positive cashflow for return over interest rate costs only? I see the return you’ve stated as 7.2% (which is still good) :o)

kay henry

Yes Ma’am, Celivia. Potatoes carved up and dipped in ink were good, too- potato ink faces stamped all over the back yard

kay henry

I would imagine that the pressure some parents put on their kids to perform academically also contributes to the suicide rate of teenagers in Australia. I have a friend whose parents thought academia was the most important thing in the world. Her sister hung herself a few days after her 17th birthday- due to the academic pressures. I am sure a…[Read more]

mknk,

I think Steve has bought some properties in NZ. He’s also putting out a new book, and if it sells as well as his last book did, he’ll probably never have to lift a finger to do anything again.

As for me, I’m a novice I am working and paying back my mortgages RE can be a slow game, and sometimes, it’s about the boring part of just paying…[Read more]

And the converse of ignoring the cynics is: due diligence.

kay henry

Before you get carried Away, Marc…

http://www.mindsack.com/?z=131 …

See? We can all do Latin… Magister Mundi sum!

kay henry

hehe Yorker… as I thought. Yes, lemme think…

Sydney CBD 2001
* Sydney 2000
* Haymarket 2000
* Darling Harbour 2000
* Circular Quay 2000
* Ultimo 2007
* Broadway 2007
* Chippendale 2008
* Pyrmont 2009
* Surry Hills 2010
* East Sydney 2010

and let’s not forget Alexandria and Green Square…

There’s a big difference, Yorker, i…[Read more]

Yorker,

I saw your name on the list and wonder if you might answer. I’ve posted on here a few times before, an article that details which Banks loan and the LVR for different suburbs.

I am interested that Banks are now “refusing” to lend in areas of sydney… Please let the Forum know which Banks and which suburbs so that this can be…[Read more]

JoeCool,

From recollection, Derek has had some involvement with the Investors’ Club.

kay henry

Which lenders, Yorker? Which suburbs? You can stop playing International Man of Mystery now

kay henry

Well, that kind of micro-economic reform from banks will certainly stop over-supply- hehe. No borrowing = no demand.

Yorker, which banks are not lending to which suburbs? Come on, be specific. I know LVR’s are 70% for a bunch of inner suburbs… but refusing to lend? Put your policy where your mouth is, Yorker

I guess some people will be…[Read more]

Yorker,

With industrial trends such as outsourcing, people can work anywhere… so maybe some sydney or more global markets are getting workers from other countries to do the work more cheaply. That’s a global trend, but it will certainly have an influence on immigration.

As far as say, the International student market- well, that is growing…[Read more]

Yorker,

I made a post on this called “Salt on Sydney” earlier- here’s the link to the article:

Bernard Salt, one of Australia’s leading demographers, comments on Sydney. It’s a very interesting article, I think, about immigration, housing affordability etc.

http://www.abc.net.au/news/newsitems/200409/s1199723.htm

kay henry

It’s a discussion, Rod- not an argument :+P hehe- I don’t do arguments.

Rod, yes, there are creative ways to do deals- it’s why I referred to residential property in 2004 in Australia- I was thinking about “vanilla” buy and holds.

I still look at property as a piece of equipment, really. If one was buying, for example, a truck, to carry stuff…[Read more]

calvin,

Yes, it would be great if some properties got 10%… but not all of them do. So I sacrifice some cash in hand, because I want to buy specific kinds of properties. It isn’t all about the $20 in my hand today- I have a long-term approach.

In Australia in 2004, positively geared residential properties are fewer in number, and often in…[Read more]

We delete ads, Henry, as per policy of the Forum. If people don’t want posts to be edited, then perhaps they shouldn’t advertise properties they have an interest in- simple.. because I wonder how many times people have to be told before they decide to stop posting their ads.

kay henry

Tough Deal,

I think a lot of people are still cashing in on CG’s left over from the boom. If there is a large volume of sales (as opposed to “for sales”) then obviously there is demand in that area- demand is always a good indicator for purchase decisions. Hopefully, demand will outweigh supply, and then your property will at leeast maintain…[Read more]

Brenda, yep, properties can go down in value, too. I think people tend to hold onto a figure of how much properties have risen- even when times change. So a bank valuation on a sydney property- last done in June 2003, will probably look quite different if people get one done now. Or in fact, the REAL market value of a property is what it sells…[Read more]

Marc, the rich are not only satirised- what about Cath and Kim? We can also have a giggle at the suburban aspirationals. Laughing at disadvantage though… well, I guess we could set up some comedy about the sudanese people dying… but it really isn’t funny.

I think most people- despite their situation- could have a laugh at that email- it isn’t…[Read more]

Mini,

Usually I qualify my statements these days to add, “in Australia in 2004” to discuss positively geared properties, because I know there are different markets performing other than the Aussie market. Frankly, the positive residential properties left in Australia, as you’d know, are now pretty much relegated to mining towns, wheatbelt towns,…[Read more]