Dave- yeah, we sound mean- sorry about that- your Q was pretty innocent- I just didn’t know where you were coming from.

Re Russell Island… I had a look on realestate.com.au a few days ago after you asked your Q, and the places do look a bit flood-prone, if one can assess that by the look of houses. They have that built-up so high look about…[Read more]

Jaffa, I am more familiar with the other side of Albury – the bushy side- Henty, Holbrook etc. The city of Albury itself is quite lovely- with the Murray running down the middle. As with cities like Wagga, the CBD holds up well in terms of value maintenance. As you may have seen, Albury has some really industrial outer areas on the highway…[Read more]

Calvin,

I agree that many people attend seminars to develop confidence. I thik this is why so many seminar leaders add a “personal development” component to their seminars these days. The worst one I saw was when Brad Sugars asked his seminar attendees who thought they had the worst life. A young woman got up on stage, said she had no confidence,…[Read more]

vicgirl Just think, when you have a job, you can afford double the amount of properties, as you’ll have double the income.

kay henry

Perter- heya,

I think it’s a good point about buying newer units/apartments in those areas- particuarly larger ones. Often, land in the outback can be worth only a few hundred bucks, or a few thousand. I think it was depreciator (please correct me if I’m wrong, depreciator) who said he was concerned people were paying too much money- even if they…[Read more]

I dunno, folks, I think I have to disagree. Hoping that partners might have the exact same interest in property, is almost like hoping they might have the same interests in other activities. Some partners like fishing… others like knitting. I think it’s ok to have really different ways of seeing. Whislt I think it’s more *ideal* to have the same…[Read more]

Originally posted by aussierogue:

sure the local people look alarmingly alike but thats why we need to go there..

Fuunnyyy, Rogue! [laughing]

kay henry

I’m with Rugs, Chan. I mean, one should only buy neg geared props if there is an opportunity for CG- not just because it’s cheap. When the market flattens out, it will flatten out for all properties… but which ones will recover? Perhaps “location location location” will again become de rigeur. As Rugs said, unique properties, near water, or…[Read more]

Are you selling some land in Russell Island, Dave?

There are many places where land is cheap- either because there is huge amounts of land (rural) and no demand… or because the land might not be able to be built on for whatever reason.

I am sure Russell Island is beautiful. But there’s land all across Australia where the land is worth 600…[Read more]

Deanna,

Check out the town you are looking at, and type in “blahtown population decline”. That will tell you if there has been any significant change. I think it’s important to distinguish between anecdotal evidence, and more statistical evidence. Even if people are moing out, it’s possible that others are moving in, so it could be…[Read more]

Nordic,

I don’t see 70% LVR as an issue in itself- it means I have greater equity to begin with- that’s the way I see it. That extra 10% can assist in another deposit down the line. And many city apartments have 70% LVR.

Re the Serviced Apartment deal… I think rental guarantees are good. As you’d be aware, there’s no guarantee the company will…[Read more]

PK,

I saw a program about it this evening, and a literary critic was saying it would be a pity if the issue of honour killings was minimised, as you’ve said, by this controversy. In a way, it might be highlighted. I never heard of darville/demidenko until she was shown as a fraud, so sometimes it promotes the author or their issue.

Dunno if she…[Read more]

Aafreen,

I think some good investment locations are Windy Warrnambool (it’s pretty far out on the coast, but I still think it’s good value), and places like northcote and fitzroy will definitely ride out the waves of price fluctuations, I think. Northcote, in particular, has some pretty unique qualities housewise- it’s pretty as a picture.

kay henry

rachderick,

It costs nothing to do some checks through realestate.com.au Why not sit with your husband and check out properties on there? You can choose a state- perhaps the one you live in now, and just look at different areas. Another thing I do is look at Australian Property Investor Magazine ($8 from newsagents) and look at all the cheapest…[Read more]

And that dude, Peter Comben, is this dude:

Home

Thanks Admin, for giving us new stuff to think about. Bring on the Developers!

kay henry

Pepper,

I buy units. hehe- I should make a website called “Ibuyunits.com.au”. Wonder what our friend would think [baaa]

Whilst there are many arguments for buying houses over units, units are something I first bought into, and have become used to. You are probably right about units being more affordable than houses. It might be because they…[Read more]

bennido,

I believe the CF+ (after deposit) is the CoCR notion that Steve has- so it still fits in somewhere It’s the return on the cash you put in- not on the whole price.

I hear you about not wanting an investment too far away. I live in sydney, though, and finding properties that are suitable… well, sydney is only one market- and there’s a…[Read more]

YC,

Sounds like a plan I think the most important thing in investing is confidence. You seem like you’ve done a lot of thinking and are developing your own independent strategies. That will serve you well if the market falls apart a bit, and other people are looking for the latest “crash survival” book to give them answers. The independent mind…[Read more]

Congratulations Mel! You coming to sydney for the settlement? or staying home?

Paddington is an excellent choice, Mel. Perfect spot for an investment )

kay henry

Jaffa,

I went to school there for a while, and am very familiar with the surrounding towns and region. Are you interested in anything specific?

kay henry