Personally l’ve always thought it was the $14,000 first home building grant that kick started the boom followed by steady quite low rates .
We were living near Noosa at the time of that and they were having trouble selling property . Suddenly Howard annouced the $14,000 and within 3 mths new homes started popping up everywhere and within 12 mths there , a shortage of both builders and new houses started to show .
lt also opened the door for investors to start buying extra houses using the grant in one of the kids names , an unnatural amount of property was being sold creating higher demand and off she went .We had quite a few friends at the time trying to save deposits and suddenly over night – bingo they were there and signing up for their first home .
Just my opinion but we literally watched it build up across the whole Sunshine Coast within 6 mths of the announcement prices and demand soared .
Pretty sure they could start another one anytime they wanted just buy giving out a decent sized new grant which at the time 14 grand was enough to get you in the door .
Food for thought.
Cheers.
PS – Actually l suggested a baby grant to a certain Labour leader after pointing all this out , as a way of increasing our birthrate believe it or not because of the troubles with an aging population later otherwise . He brought it in , Howard matched it and bingo we had the highest bithrate last yr in decades , laughable l know but eh , good for the country !

A topic l really get into in browsing realestate and just looking at what can be done with a property . Unfortunately at the moment l guess l’d be considered all talk in the lP area as l decided to focus on only one right now which is combined with my own home.
But , l think lP and opportunity to increase all within the one purchase are everywhere and in any climate. l only wish l could act on everything l would like to right now and have had to pass up 1/2 a dozen this year alone without looking .
For me personally anything goes if your open and it’s amazing what you find . So many things have opportunity that so many people won’t see as someone said earlier in this thread . 100’s of people looked at that property 500 mtrs from the water , no one saw . My place now was one of those , it’s doubled in 6 mths , my last place they couldn’t give away but the good’s were staring you in the face we cleaned it up and doubled our money .
There’s one near me right now $120 on an acre and corner block zoned res . l mean than damn thing rents for 200 and would go into 4 with nothing to spend except a few driveways because it’s on a corner with power ,phone the lot . There are 100s of these places around with scanning but l guess most people are looking at a house as a home not as what can they make out of it which is great for investors .
Industrials , huge potential , often on big blocks and rent well .
Big blocks anything , again a huge avenue for maybe an extra rental on the new block and often the chance of being left with more to sell or build on and all under basically the one find .
Just my tastes and everyone has their area but !
Cheers

Hi Phill.
Really , there’s only one logical solution to your $250 ,000 dilemma , if l were you l’d just give it to me .

Cheers.

Sounds like a plan to me if you can handle the debt.
One thing l’ve learned about exploding suburbs , pick the nearest cheaper suburb and it’s pretty hard to go wrong !
Cheers.
Mkc
PS , but don’t forget to have some fun along the way your only young once.

There’s quite a few developers through the forum .
You could track one of them down and ask .
Cheers
Mkc

Thankyou so much kp .

Would that be secure or & can we keep rolling it over or whatever long term ? Probably stupid questions.

Cheers. Mkc

PS , Hey Mgr , mate l reckon they’re dreaming true to form . Counteract their rediculous offer with dropping your offer to $530 even lower , bet you get another call within a few mths grovelling .
Brissy markets slowed to . My brothers place went from 85 to 320 and now it’s down to 280 and dropping .
l was told selling my last property [ NSW ] sellers everywhere were trying to hang on to boom prices but they’re dreaming . Four different realestates told me if you really wanna sell the only way we can get people out now is by pricing it very very realistically or bargain .
And guess what , every realestate was out to see me the very day l rang , same ones that wouldn’t return calls 12 mths ago. NICE !

Thanks very much KP , will you come and oganise it for me please if it’s doable l’m selling my block next door and kicken back .
Not that l understood much of it but a few more reads and there might be hope .
Cheers.