Yep, 200k for PS plus residence… sounds like the kind of price of a bypass place. steve, check out plans for the town. Think about places like bookham- tiny little place on the princes highway that got a bypass, everything closed down- including the servo/mixed business. Now it’s lucky to get a “stop revive survive” event at the local town hall…[Read more]

mrsimba,

Australian Property Investor magazine has a rental yield table for states. It states the % yield and change over 12 months for individual suburbs- hugely useful. It’s not free on the net, but it’s only an 8 buck mag and it’s got great articles too, and now out monthly! [baaa]

kay henry

yack,

Yeah, DWMC surprised me in a big way. I expected it to be another of those yawny teen mainstream films, but it’s got so much going for it. That Chinese takeout mind games scene is sooo good! and some of the fetish gear in the film- oh yum I didn’t watch it in its entirely last time, but when I started watching it, I couldn’t remove myself…[Read more]

Eraserhead’s a great film! [biggrin]

The Stepford Wives is starting up this week in cinemas- great actors in it, but apparently, it’s merely a spoof on the original version and not very edgy :o( The original Wives’ film is an absolute classic!

And Dude, Where’s my Car is one of my faves too- surprisingly good, I reckon. That’s on TV tonight-…[Read more]

Dom,

Sounds like what you’re speaking of is more like mezzanine financing- whereby private investors fund the building of the building. To my knowledge, the returns can be high risk and around 12% or less return and lower risk.

I am not sure developers take on little people and say “come and buy this property off-off the plan, and you can have…[Read more]

My qld prop is 7.5% mgmt fee
My sydney prop is 6.6%

Folks, seems like if you buy rural, you pay through the nose for everything. In places where there’s nt much competition for service provision, they can charge whatever the market will pay.

kay henry

Terry,

As a matter of interest, what happened that this woman can’t hold her properties anymore?

I ask this, not because I see $$$$ in my eyes due to someone else’s misfortune [hmm] but because I think it might be interesting for the forum to understand how sometimes, it can all go wrong.

We’re all happy to discuss our great CG’s, and how…[Read more]

Mel,

The property has to sell for market price anyhoo, so even if she has to sell (bank demand), she’ll get the same price anyhoo, one might imagine (hope for her sake).

kay henry

Mad…

I don’t think there’s be any investor on here that hasn’t had to fork out money for repairs etc. Anyone that pretends property isn’t high maintenace- to some level- is, I reckon, not being quite.. erm.. truthful

Some of the expenses you’ve mentioned would, I’d have thought, been fixed up by the Body Corporate.

I see property investing,…[Read more]

Good Q, Marisa- and thanks for asking it. I’m a tenant as well as having IP’s, and I live in an incredibly secure apartment. And I was thinking the other day, that it’s my number 1 priority- security!

Marisa, I also reckon tenants want a place that is light and airy (in addition to the things you’ve written). Winter can be bad if you live in a…[Read more]

Yes bennido, I have read her books. My first two RE books were Somers and Bell. I liked the idea of paying off property ASAP. I still do (although I’d never live as austerely as she did). I think one can pay off property if it is really cheap, but for the more exxy properties… well, you just can’t pay it off as quickly as a 50k property. But I…[Read more]

Oh, by the way, jseses,

All newspapers are free online anyhoo these days.

news.com.au
smh.com.au
theage.com.au
theaustralian.com.au

News and the australian are one and the same basically, as is smh and the age- same publishers, different states, but their search engines are the same.

kay henry

jseses,

Here’s a new weblink for a search engine:

http://justlisted.com.au/

It’s by the Sensis Group (white and yellow pages and they also have the Trading Post online). Currently, justlisted only covers sydney and regions, but soon it will go national.

I find properties online. If I ring a RE and inquire about a property online, that might…[Read more]

kaiah- welcome

There are so many approaches to RE. Derek has given you the name of Jan Somers, and she is one of the most respected authors on aussie RE. Also check out the ideas of Margaret Lomas and Steve Navra. There are so many things to learn- pozz and neg gearing are both interesting, but you might also like to read about OTP purchases,…[Read more]

I think Steve is trying to gazump, on this occasion.

kay henry

WAF,

Here’s a link which has about 20 PI.com members’ pictures on it.

http://www.gurustation.com/pi/

(Note: Members can still send their pics to PropertyGuru- he’ll chuck ’em up for all the world to see

kay henry

K&R,

You wrote:

“We phoned our bank and we were told that he had miscalculated the fees…”

Surely, your bank coud spot you a loan for another 2k to assist you, given that it was not your own error? 2K is a pretty small amount. Seems extraordinary that they wouldn;t just add this to the loan.

kay henry

Steve,

I know when I have an offer accepted, I ask the RE agent if they will accept no further offers. I look at it this way… if the vendor wants to continue negotiating, they will not accept any offer- as in, they’ll allow vendors to engage in some kind of “bidding war”, but when a vendor sees a serious offer, they are entitled to accept that…[Read more]

lil_man,

I just wanted to say that is the cutest avatar ever- good job!

Suppose I should go on topic… [baaa] the only thing remotely spiritual that resonates with me is Desiderata.

http://hobbes.ncsa.uiuc.edu/desiderata.html

kay henry

Thanks Phoenix! [biggrin]

Looks like Burley would consider me a loser in a few respects… I buy units, and I invest for tax breaks. As I’ve said- give me a 15k tax return, rather than a $10 week profit anyday

It’s a pity all these gurus have to do this “think like me or you are a speculator and not an investor” stuff… I don’t understand why…[Read more]