eeeeeeeeek! wayne- you’re right!! [blush2]

kay henry

Becoming my conscience, Derek? I DARE ya! When you have finished messing with my conscience, will I look like this? [eh] or this? [exhappy]

And I am supposed to come home and not watch crap TV?? What *else* is there to do? Or am I missing out on one of life’s secrets? I do meaningful work for a living. Whn I come home, I wanna be like this: [upsidedown] It’s good to shut down, sometimes, don’t you think?

kay henry

Depends on wehich properties one is buying into (re the original question). think Lorne, Vic; think Berry, NSW; or Bowral, NSW. They all have a population of a few hundred, but you would have NO problem getting a loan for them (might find it hard to get entry in those places though- they’re exxy).

I just bought into a place with a few hundred people… BUT… it’s oceanfront, with national park behind it, and has one of the greatest natural structures Australia has. It’s a tourist destination basically, but with a solid population (albeit small) throughout the year. There are NO vacant rental houses there currently. And I don’t have to rely on abbatoirs/factory/mining industries to sustain it.

If you are buying into an area with a small population, there are different ones- some are isolated country towns; some are untouched treasures. The place I am buying into had 700,000 visitors to it last year.

So all small towns are different. Of course, EVERY place one buys int- whether it be an innercity area, a country town, or a coastal village- requires research. Do your research first, then put in an offer.

kay henry

Thanks for that Derek! [rolleyesanim] [tongue]

kay henry

elves :o))

There is a recent book about siblings and favouritism by parents. Most parents say they don’t favour children one over the other, and that they treat them all the same. But when they ask the children, the children generally have a very different idea- and see that some children are clearly favoured over the other. The book is about how the kids end up- what they end up doing, and it’s the first book about parents favouring. The kids who say their parents favour another sibling, are often the ones who end up with poorer life opportunities- perhaps it’s a self-esteem thing. I guess kids know if they are not treated equally as favourably, it can’t help but affect them.

kay henry

Russ,

I’ve just answered my own questions by going back to your original post about the property (“What do you think of my garden?”)

So the place is 163k and will rent for $150. That’s about a 4% return. I also saw that you’ve had it listed with both agents in the town. Is the other one still working for you?

Why don’t you advertise it on the Somersoft.com forum. They have a “caveat emptor” forum there where you can advertise your home. You’ll have to provide details such as land size, house size in squares or square metres, details of any reno’s, capital growth history and prospects of Dongara, etc etc. They’ll ask you those questions anyway, so may as well provide them straight up.

hey’re more into negative gearing on Somersoft, so your house will probably be attractive to them- if the capital growth prospects add up.

kay henry

A semi-detached house is a free-standing house, to my knowledge. The house is just joined to another, but it’s torrens title, I think. Certainly, in sydney, that’s the case.

I think they have different names for them in different states.

Hence, there would be not much difference in appreciation value- except that you have smaller land mass.

kay henry

If it’s for sale on realestate.com.au it will get sold, Russ. I send half my life on there, and so do many people. If you live in a small town, the locals may not be able to buyt the place, so it’s other people who may. In 2004, ya godda have it for sale on the net.

kay henry

Dave,

Remember, it’s only when you *sign* the contract that the cooling off period applies, and you can probably get formal approval before then anyway. My bank gives me approval on the same day, but informal approval before that so I can make an offer. It’s a numbers game and you can pretty much work out how much you can borrow anyhoo before you call the bank. Lots of mortgage brokers can probably run ytour numbers through software even before you go anywhere near your own bank. They’re kind, those MB’s [blush2]

I got finance approved informally today and then was asked to fill out an application form before I made an offer. But I wanted to know if I was in the game for the property before I made the app, so I told the bank I was gonna go ahead and make the offer and if it didn;t work out, well, I still have a couple of days to let go. Offer was accepted!! And now I have to apply for the loan- no problems! “subject to finance and BP” is an essentialk thing I’ve learned

kay henry

If debt collectors are after you, I’m not sure why you’re confused. It’s obvious you need to pay off the debts (possible the creditors need the money???) Then you can start thinking of your own financial future.

kay henry