I guess it just goes to show that the “real” price is the sale price. I guess people could add 239% to the price they paid for the property last year and see how it fares- interesting experiment

kay henry

GoLive,

The last API mag says Glebe is 433k for units, with 4.5% CG for the past 12 months to March 2004.

kay henry

I think property’s not a completely sure thing either, I have to say- no more than shares. Some people lost heavily in two-tiered marketing schemes, and we can all make mistakes. The TT marketing of the 80’s/90’s might have an equivalent in the OTP losses (on recent buys- not on profitable flipping) of 2004.

Sometimes I don’t think it’s just a…[Read more]

Mini said:

>What do you reckon the property will be worth in >5-10 yrs time?

around 150K or more”
_____________________

Mini, why do you think your property will be worth 3 times what it is worth now, in 5-10 years. Most stuff I have read suggests that property doubles each 7-10 years.

Do you think only CF+ properties such as yours, will…[Read more]

sis said:

“i would have to give the thumbs that share trading personally for me, beats a weekly wage…”

sis- but it ain’t free to bet on trades. To “beat a weekly wage” you have to get money to bet with. So you’re either using rents or wages to play with, right?

It also depends on what kind of weekly wage you’re talking about. I mean, are you…[Read more]

I think it’s important to take photos of tenants, as Misty suggested. I also like to take photos of my partner and family, in case they do a runner on me, or commit some criminal offence. Everyone thinks I’m taking photos out of fun and love… but really, I’m just thinking of contingencies… easier to give cops a photo of them rather than having…[Read more]

Chan! Stop outing PG as a wifeosexual!

kay henry

Here’s some info re that connection:

http://www.theage.com.au/articles/2002/02/25/1014471628931.html

kay henry

gloryboy,

I’ll echo what shaun said re distinguishing friends from people you pay. As for me, I have to use a solicitor and an accountant anyway, and I have always had to. I don’t consider them a “team”, just as when I visit a Doctor, I don’t consider him (or her) as part of my “team”, but I do expect that they know their stuff.

Re a solicitor,…[Read more]

Awww, welcome back PG Will your new wife come to the pub?

kay henry

Yeah, probably. Problem is, they’re in woop woop.

kay henry

SIG as in the somersoft meeting, Chan?

Ahhh- welcome back, PG *poke*

kay henry

richmond said:

“the agent reckons the vendor was going to accept, before a late appointment for someone else to look through this morning, so the vendor decided not to make a decision until then…”

richmond did not get gazumped, because there was no offer and acceptance- only an offer.

kay henry

So Rod, are you thinking of purchasing properties with less CF, or still pursuing with the CF+ properties? Are you finding it harder to find quality properties with high yields?

kay henry

Expat,

Never heard of ’em, and I can’t find them on the net. Do you have a link to them?

kay henry

Actually, kim, I was referring to this comment you made:

“so i’m guessing she wouldn’t be able to just sell the house for $78,000???”

I was not inferring anything. I was referring to your own words.

And just because someone does not agree with things, does not mean they’ve misread.

kay henry

bennido,

I don’t use any of those clauses anymore. I just don’t sign anything until i have all the checks done. By the time I sign, it’s a fait accompli. It is usually me suggesting the waiving of the cooling-off period, as I can’t be bothered with the wait.

Oops. forgot to mention.. the way it works with me is, offer and acceptance, and a…[Read more]

Post 1985/1987 properties are important for me (and particularly post-1983 houses after what i’ve been hearing about asbestos). but re the depreciable properties- it is definitely a factor for me. If you can pick and choose qualities you’re looking for, and make a wish list, then it might be an idea to factor it in. it depends on budget really. If…[Read more]

kim- a few questions…

Is this lady asking you to assist her? And how can you think that if her house is worth in the mid-100k’s, and you offer her 78k, that that is win/win? Are you suggesting that you would offer her half the value of the home, and that is win/win?

kay henry

Rodie,

In some cases, the ex can become a best friend- rare, perhaps, but possible, and if you have your boundaries sorted, there’s no reason why you can’t do a joint venture together. My ex and I are very close, both have real estate interests- which we started together, and i would be happy to invest with her, because I know her inside out……[Read more]