G7,

I think it’s also about “reward for work”. A friend of mine works about 90 hours a week, but she also gets 165k per year, and invests that back into property. I have other friends who work about 70 hours a week because of the nature of their work- it’s expected of them. I work far less than that, but my wages reflect that also.

kay henry

Mark,

Some CF+ properties are completely remote, since the boom. If it suits you better to pay a bit more, and get less rental yield, then you’ll probably feel better about your purchase. There’s no evidence that I’ve seen that people who live in cheaper houses trash them.

Mark, many students won’t pay extra by the room if they can find houses…[Read more]

JG,

There are still properties on the net for $50k in rural areas. Whether they achieve near to $100 bucks is another thing..

The boom hasn’t hit parts of NSW- many of the really rural areas. Rates for some of these houses are less than $600 a year.

kay henry

OK Marky. I can still access it- weird, huh?

Re Mount Morgan, well… if one is looking for CF+ property, it’s in limited supply. I don;t find most of the places to be desirable that have CF+ properties, but some people are buying them up all over the place- wisely or unwisely. Horses for courses

kay henry

Tru,

You might first try getting your overseas qualifications accredited to Australian quals.

I am not sure what overqualified means.. although I’ve hear that notion being bandied about for decades. Certainly, there are many people with degrees from overseas driving taxis in sydney, and their employers don’t seem to mind. How can you be…[Read more]

zen,

Congrats on owning a debt-free $1 million house!

I think it’s a huge mistake to make a commitment to a new house before you sell your old house. This is how many people become “distressed”. If the old house sale falls through, you are under a great deal of pressure with the new house commitment.

It sounds as if you are in a great situatoin…[Read more]

Darrin, I think it’s just a figure to make sure a property covers expenses. If one is paying interest rates of about 6.5%, then to get 10.4% ought cover all expenses.

For me, it’s an easy way to work with numbers. Muppet gave you the technical way. I just take the property price and then double it for rental yield. So a 50k house should get 100…[Read more]

Rogue,

Imagine if we had such low rates here- you could buy up everything in sight. Investor’s paradise with those kind of rates. I know that America’s RE market is somewhat overheated… but surely it isn’t gonna be a mad panic for them because now they have to pay a bit of interest. To quote an infamous former forum member… “boohoo- wanna…[Read more]

bigben, ya funny thing There are some cheap Mounts in Queensland- Mount Isa and Mount Garnet and Mount Mount. Well, I made that last one up.

Ko_Starr, check this one out:

http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=&s=qld&c=57909092&tm=1092184104&id=101726298&f=0&p=10&t=res&ty=&snf=rbs&cu=&fmt=&header=

It’s either a typo or a really…[Read more]

Thanks wayne :o)

They still have a pissily small official interest rate. Why do the Americans make such a big deal of everything?

kay henry

Celivia You would have loved the show on SBS tonight on Joni Mitchell. God, I love her music

Sydney lost our Channel31 – the licence was lost [angry2]

kay henry

Distressed sale, Chan? [wreck]

kay henry

Phonix said:

“I declined the offer
her face went[angry2] ”

hehe, Phoenix Why must cults be so unkind when we deny them money? I think so many of these grpoups play on our own insecurities/fears. They know some people have financial worries, relationship worries, employment worries, self-esteem issues… and we all have fears. Understanding…[Read more]

Yeah, LifeX :o)

Theories = testable
Opinions = all ours :o)
Facts = proveable, I guess- dunno One person’s fact (ie their religion, as an example) is another person’s opinion.

kay henry

Glen,

You would have noticed that Steve bought his properties in Geelong and Ballarat some time ago. He invented that wheel, and the horse has bolted. I promise there will be no more bad mixing of metaphors tonight

Just think of a number- say 100k, and then double that amount to get your rental yield- so 200 bucks. That would be around 10% or…[Read more]

Well, LifeX, guess that knocks out the Bible and other such books- you know, the old ones.

Everything’s an opinion or a theory.

kay henry

Dan,

Yeah, it is advertising, and it’s not permitted in the forum. You can put the details of what you’re looking for, eg “Seeking JV blah…” in your signature, as westan has done, but not in the body of the message.

kay henry

Tru,

What are you trained in or interested in? Sorry, but there’s so many jobs in the world, that it isn’t easy to respond to you unless you provide some detail- even if it’s only a little.

kay henry

You are quite the aficionado, Gatsby! Give us a review later

kay henry

Greg,

I hear what you’re saying about regulation/deregulation… thing is though, mechanics have to be qualified to fix our cars; and builders have to be qualified to build our houses. It’s that kind of regulation i am talking about. Sometimes people *will* fork out heaps of $$$ to find a way out of their problems. I’d be interested to know the…[Read more]