hehe Joe @ “Hope this makes you feel better, because now that I relived it all for you I feel rotten.” Yer funny

Chefspop, it’s a good point Joe made… in a few years time, you might be back on the Forum telling us what incredible capital gains you got. RE is a waiting game… not everyone makes their fortune in 5 minutes. Maybe you just have to wait it out.

kay henry

Yes Ma’am, Celivia. Potatoes carved up and dipped in ink were good, too- potato ink faces stamped all over the back yard

kay henry

mknk,

I think Steve has bought some properties in NZ. He’s also putting out a new book, and if it sells as well as his last book did, he’ll probably never have to lift a finger to do anything again.

As for me, I’m a novice I am working and paying back my mortgages RE can be a slow game, and sometimes, it’s about the boring part of just paying off properties.

kay henry

Before you get carried Away, Marc…

http://www.mindsack.com/?z=131 …

See? We can all do Latin… Magister Mundi sum!

kay henry

Yorker,

I saw your name on the list and wonder if you might answer. I’ve posted on here a few times before, an article that details which Banks loan and the LVR for different suburbs.

I am interested that Banks are now “refusing” to lend in areas of sydney… Please let the Forum know which Banks and which suburbs so that this can be verified.

Thanks,

kay henry

Which lenders, Yorker? Which suburbs? You can stop playing International Man of Mystery now

kay henry

Yorker,

With industrial trends such as outsourcing, people can work anywhere… so maybe some sydney or more global markets are getting workers from other countries to do the work more cheaply. That’s a global trend, but it will certainly have an influence on immigration.

As far as say, the International student market- well, that is growing (the local undergraduate market is shrinking). But now, with ever-increasing fees and less government funding to Universities, the Institutions are looking to other markets- the offshore educational market is a huge growth area. Thus, Universities are taking the market to International students. It’s possible that this trend will mean that IS’s choose to stay in their home country in the future- and get Australian university qualifications, and not have the expense of living in sydney.

Also, as Salt says… it’s so expensive to buy a house in Sydney- that HAS to have some effect on immigration. Still, 35,000 new residents in the city isn’t too bad. It’s not a ghost town yet

kay henry

It’s a discussion, Rod- not an argument :+P hehe- I don’t do arguments.

Rod, yes, there are creative ways to do deals- it’s why I referred to residential property in 2004 in Australia- I was thinking about “vanilla” buy and holds.

I still look at property as a piece of equipment, really. If one was buying, for example, a truck, to carry stuff in… the truck might not be positively geared, but it is the owner’s plan to one day pay it off- to reap the reards later. That’s my approach too- I am not into the one-minute millionaire mindset. I’d be happy to just own some property when I’m old. for others, they have different desires or needs.

Rod, one day my properties will put money in my pocket too- just not now they don’t. I’m happy to invest for my future, and forego the cash now. I still see property as a solid investment- whatever method one chooses to purchase it.

kay henry

We delete ads, Henry, as per policy of the Forum. If people don’t want posts to be edited, then perhaps they shouldn’t advertise properties they have an interest in- simple.. because I wonder how many times people have to be told before they decide to stop posting their ads.

kay henry

Brenda, yep, properties can go down in value, too. I think people tend to hold onto a figure of how much properties have risen- even when times change. So a bank valuation on a sydney property- last done in June 2003, will probably look quite different if people get one done now. Or in fact, the REAL market value of a property is what it sells for. Many properties are now sitting on the market for longer, and no doubt, vendors are holding on to old values, and some will have to be more “realistic” to sell.

chefspop, it isn’t surprising that your property went down 10%- it’s a changed market for many properties. I think even the marketeers have now changed their approach- they realise it is useless to say to people “when built, this property will have gone up by blah %”- because they know it isn’t true- actually, they know that people won’t believe it.

It seems there are a few disgruntled Central Equity people on the forum- or at least one- hehe

kay henry