redwing,

This Q was asked a week ago, so I’ll put the link here:

https://www.propertyinvesting.com/forum/topic/12416.html

kay henry

Leigh- wrong guru- Steve McKnight wrote “0-130 properties” hehe.

Leigh, I used to commute from the other side of the coast to sydney to work. I did that for about two years, until I realised I didn’t want to be spending an extra 3 hours a day on work-related activities (travel). I now rent in sydney and use my income to pay off investment…[Read more]

Anita,

Annandale is really a nice suburb. Location location still works for me (worst house in the best street kind of thing). A reno (if you are the reno type) would see value maintenance.

Some like perth, some like sydney. It depends on what you’re looking for.

kay henry

Ronulas,

A lot of people are selling up now because they think they can cling to the last of the boom prices. That in itself isn’t a problem, I don’t think. It possibly depends on the ratio of homeowners to renters in the town. I quite enjoy places where there are a huge amount of renters. I see that as meaning my property will seldom be…[Read more]

calvin,

I find that hte more I know about RE, the more I feel comfortable with my purchases- because, generally, I’ve checked out about 100 places before I am ready to know that THIS one is exactly thre one I want. I find RE to be such a comparative thing, that if you know specific markets really well, you’ll know that your beats the others- in…[Read more]

Originally posted by Yorker:
Most of these dimwitted journos aren’t even in the market. It really annoys me to be honest.

But Yorker, their job is to report ON the market- they don’t have to be investors. A surgeon doesn’t have to have cancer to be able to operate on a cancer patient.

I’ve noticed there are fewer articles on RE in the news…[Read more]

Necropolis,

There’s still cheaper propertties to be found in Sydney. This one (you want dumpy- I’ll show ya dumpy!) was advertised in yesterday’s House liftout in the SMH. Annandale is a decent suburb (inner west), and the suggestion in the article is that this house would go for about 350k. Bidding starts from 300k in the ad below. It’s a…[Read more]

Sorry Pursefattener- let me change that Datsun 120Y into a Ford Escort :o)

kay henry

garrytas,

There is no cooling off period in WA either. Hence:

TIP: Do your checking BEFORE you sign the contract. (I do this anyway for my IP’s- cooling off period or not).

kay henry

viralk,

You could go to google.com.au and type in:

“blahtown household income”
“blahtown rental yield”
“blahtown median house price”

If these things have been explored, then they’re usually on the net. Anything the Council has done will be on their own website too.

viral, as to your idea of choosing places that have not had a lot of CG… I…[Read more]

Steve’s book was a success due to timing and method. He bought properties in a flatter market and then they got great CG. Had he bought in times of negative growth (I am thinking in many locations around 1994-1999)… then there were capital losses, and the book might not have been written. The victor writes history and there’s not much money to…[Read more]

Leigh,

A Depreciation Schedule done by a Quantity Surveyor can’t be knocked back from the ATO.

kay henry

MJT,

I guess I’ll retire at age 65, maybe later. It is said 70 is the new 60, 60 is the new 50, etc etc. I won’t be serving at maccas :o) but I imagine I’ll still be utilising my skills in some way- perhaps consulting, or some form of writing. working is what I’ve always done- I can’t imagine dropping it completely.

With an ageing population…[Read more]

Well, yeah… the property management stuff only made up a bit of the article. There’s 44 points.

Whether this issue- dodgy gurus- has been discussed before or not… there’s always new people coming onto the Forum, and people can have access to all kinds of info.

kay henry

Redwing.,

Mine is:

* variable interest rates
* I just bought, so I want to build up some equity before I buy again. I’ll definitely buy again before I’m 40.
* Negative gearing (although if the properties I bought had positive yields, I’d be stoked)
* Tax returns for future deposits
* I will buy in any market (flatter is better for city; a…[Read more]

Oops- I meant double the average wage- not minimum wage.

redwing, I couldn’t ever live on 30k. My work covers me for life insurance and I have income protection insurance. My “not-so-super” will be pretty super by the time I retire, and it will be an additional income to RE holdings.

i am suggesting double the average wage would be enough for…[Read more]

I agree, brahms. I mean, if one is only looking to have 2/3 of the minimum wage on retirement, I recko that’s aiming a little low.

Would you go for double the minimum wage (whatever it may be)? I think that would be my aim.

kay henry

daaussie,

Would you mind just sending people the link privately, as you had suggested you would do? There’s a no advertising policy on here, for houses and stuff.

You could try somersoft.com They have a caveat emptor section where you can advertise your property.

daassie, as to selling privately, you might be interested in buying this book,…[Read more]

Potential crash to bullish? That’s like almost opposite ends of the spectrum. I wouldn’t see the market (depends on which market, but I’ll refer to sydney) as “bullish”… that suggests to me that it is still speculative with great CG. I would say the market is now “stable” (as in, there’s still FH buyers out looking, incentives are there for…[Read more]

Sorry hagget- I didn’t see your post about selling off the car- mine was kind of redundant after that

emcdonald, yes, RE agents require a car, don’t they? And a good car too. You can’t be showing people property in a datsun 120Y Maybe your agency will pay you to have their logo painted on to your car? Like a roving advertisement for them-…[Read more]