This exact topic was posted a few weeks ago- check the archives.

kay henry

Mini,

I get the feeling that the current affairs shows don’t really want to sit down with joe blow and hear his/her ideas on why it’s good to invest in RE- I am not quite sure where the “story” is in that.

Mini- ring them up and tell them your own tale of CG and CF+ and they’ll probably be interested. But general discussions on why we might put money into property and not a term deposit- sheesh, the audience would be sleeping.

Those shows want stories about *events* that occurring. If you are a property investor *and* you have a cochlear implant, you’ll probably get on there for sure! :o))
kay henry

Mini, no I don’t feel conditioned by the media.

Basically, with a lot of the stories they do on the current affairs programs, people write or ring in to tell them a story. It’s not like the program just runs all over australia snooping into people’s homes to find something controversial going on.

So if i have a RE story- ripped off by a guru, tenant gone feral, or a new secret RE hideaway… I can just contact the program, and if they think it is interesting enough, they’ll put it on air.

I don’t think they have some secret agenda to condition us and make us into some ACA cult members.

Richomod might disagree though []

kay henry

Pisces

I would still like to get properties under 100K- preferably under 80K- that’s my comfort/risk level. I am into buying units, but i don’t wanna buy places that are built pre-1980- it’s buying into trouble, in my opinion. So I’m pretty limited in what I can buy now.

As for CF+ properties, well, I can see the benefits, obviously :o) But at the end of the day, I still look for “value” and CF+ doesn’t necessarily fit there. I also look at pop’n growth, property maintenance (the lower amount of capital the better), age of the building, location etc. I’m happy with 6% return- and anything more is a bonus- that’s just me.

I like the “sleep flow positive” measurement.

Now, if I had millions to throw around… I would definitely buy up in good parts of sydney, or coastal cities- like my old fave, wollongong- except it just blew up :o((

Or I’d buy unique properties- golf course apartments, churches :o) Anything that didn’t scream “generic”.

kay henry

Elves, you would have course been invited for a drink :o) Anything I go to is an open affair- not a private thing.

Elves- those fellows- sis and Chan and PG, and Pisces too, I believe- do have get togethers – meetings- to discuss property, and I think they have them regularly ) Why not private sis and ask him when they’re meeting again- he’s a very helpful guy

kay henry

I take that as a no. [] o fozzy bear for you, my friend!

Re this “action” thing. We;ll, some of us can;t afford to buy an IP every pay day. You can’t expect people to run off and spend 100k every day! You godda be patient. There are probably 10,000 people on here who are gonna buy a property tomorrow… but there are another 10,000 who might have to wait a few months to do so.

I remember a post on here a few months ago which asked were people gonna buy an IP in the next few months… there were a bunch of people who were deriding others for considering investing, and telling them to hold off for 1 year until the “bloodletting” occurred.

One is either a fool to buy or a fool to wait… or a hero to buy or a hero to wait. Everyone is at their own stage, elves- be patient :o)

Guess I’ll have to entertain sis, PG and Chan with my fozzy impersonation when (and if) they have a drink with me again []

kay henry

Celivia :o))

Many of the coy’s that give valuations differ in their estimates. domain.com.au gives val’s as does PI mag, and many other places- they differ widely. I guess only the valuer-general’s office has the “true” data. Dunno if that’s residex’s source or not.

I am with Simon- “market value”. Past sales do not indicate future values, I reckon. If you don;t want to pay the price, you might be missing out on something you want. The person who paid the higher price might be considered a “fool” but that fool has the property, and has paid the price for a reason.

You can offer basement prices because of a property report, but the market will always determine the *sale* price, which may differ wildly from the offer you’ve made.

It all comes down to what you want. If you want the property, ya godda pay for it :o) Perhaps the buyer did get ripped off, but if people pay prices like the new purchaser paid, within about 3 more sales, the price will have risen to that anyway.

Look at the sydney market- noone really knew what their property was worth- the market was going wild.

Perhaps the pother thing is that we’re still on a rise in RE in some areas. Whilst there’s been stories of props getting cheaper, i guess your experience, Celivia, is that the market in that area is still rising.

kay henry