Sleep like a pig huh, Jet? [oink] Hope your wife gets enough sleep to mix up those medications correctly! [sick]

kay henry

Here’s a CGT article, showing the influence the 50% CGT Rule has had on the market since 1999:

http://theage.com.au/articles/2004/07/09/1089000355578.html

kay henry

Ausprop,

I think Yack was referring to this:

The boom and how it’s affected wealth distribution in Australia:

http://www.theage.com.au/articles/2004/07/09/1089000352014.html

And this one:

http://theage.com.au/articles/2004/07/09/1089000355575.html

kay henry

Try this, Helen. It is an online learning website, and has everything you could possibly need, I reckon, to check out conveyancing. You have 5 trial goes at using the site- time to start printing it off [biggrin]

http://www.lawportal.com.au/full_screen.asp

kay henry

Patrick,

I’m a realestate.com.au junkie. I just look through the states, and look at places I’ve never heard of before, starting with my own state generally. So if I see a place called “quirindijaloopungulla” (ya know what I mean- the obscure ones)… then I just look it up, see what houses are availavable there, check the prices, then look it up…[Read more]

Jefferson,

Try this link for queenstown and roseberry or do a search from the homepage:

https://www.propertyinvesting.com/forum/topic/11491.html

For Geraldton, I reckon it’s been combed through by investors, so you’ll be looking at higher prices and less yield. If you do a search, you’ll find a number of members on here have bought in those…[Read more]

Shaun,

Where are you from out that way?

If anyone is interested, the cheapest suburb in Wagga is Forest Hill, followed by Ashmont. FH is mostly houses (large Defence force community live there), and you can pick up lots of units in Ashmont. Two streets not to buy in in Wagga:

Edney Stree, Kooringal
Joyes Place, Tolland

Ask any local- those…[Read more]

Here’s an article by Neil Jenman on “Bait Pricing” which includes the “offers above” thing you’ve mentioned, Rose :

http://www.jenman.com.au/BS_S_Bait.php

kay henry

dc_homer,

I reckon you’ve missed the boat on regionals such as wagga, albury and dubbo by about a year and a half to two years (sorry Rugs).

I think now you’d be looking at country towns to get anywhere near cf+ (I’m thinking >10% here)

kay henry

Apples,

I’d hazard a guess that many many building and pest inspections uncover nasty problems. If you’re in the cooling-off period, you are able to (a) ask that they fix the problems at their expense and you pay the original offer; (b) get a quote for the cost of repairs and ask to take that cost off your original offer; (c) estimate in your…[Read more]

There ya go Derek- fixed :o)

kay henry

Further to the John Mgrath connection:

http://www.propertyreview.com.au/archives/2004/30062004/headline/01072004004.html

It’s amazing they showed his photo on their ads as one of their keynotes when it seems he had no intention of speaking.

kay henry

PK,

It’s my experience that the PM liaises with anyone that has anything to do with my property- including the Council, people paid to do repairs, and the Body Corporate. In your contract with the PM, it should allow you to transfer authority for the PM to deal with whomever is needed. Sounds crazy she is making you do the paperwork- red tape…[Read more]

ian,

My reading of it is that it’s a “class” thing. We used to call fairly shabby old 70’s blocks “flats”. Then newer ones began to be called “units”. About 7 years ago, a gf of mine- from montreal- used the word “apartment”, and I hadn’t heard it used before really, in Australia, and it sounded slightly pretentious. I think if you want to sell a…[Read more]

ian,

My reading of it is that it’s a “class” thing. We used to call fairly shabby old 70’s blocks “flats”. Then newer ones began to be called “units”. About 7 years ago, a gf of mine- from montreal- used the word “apartment”, and I hadn’t heard it used before really, in Australia, and it sounded slightly pretentious. I think if you want to sell a…[Read more]

No offence taken at all, Baloo. If the IP’s I had achieved 10.4% yield, noone would be happier than me :o) But I’d have to up the rent substantially to achieve that, and my IP’s would sit empty and probably become squats- hehe. So I settle for what I can get.

Lower yield does not always equal growth though, of course. I have no greater…[Read more]

Paul,

Yep- work that is meaningful, enjoyable, challenging- that has to be right up there. In the thread about what jobs people do, some people described their jobs and said what pleasure they had from them. Last week, I did a Conference paper on performance-based funding, the govt’s science and innovation policy, and the federal budget… not…[Read more]

Paul,

I agree with the comments you’ve made, particularly about the mums- the ones I know work their heads off.

When we talk about happiness, though, I wonder if we can say that the richer self-retired person is happier than the medium-income worker. I know unemployment has its own problems associated with it… but the worker in general… I am…[Read more]

Baloo, I am not a cashflow positive investor either. The properties I want haven’t got huge yields, but I know where to find them (CF+) if I want them.

kay henry

Matt,

If the old tenants have offered you to keep their bond (4 weeks rent) and you have new tenants ready to move in, sounds like it’s a perfect situation :o))

And yeah, I think having a PM to look after your place in the future is a wise move- I consider PM’s second only to tenants in ensuring the success of RE, and keeping me not stressed…[Read more]