warnett4 wrote:
Hello guys, New to the site but very keen to start a portfolio while i am young.I have been browsing the local papers and internet sites for awhile now and want to invest in my first property. My problem is i cant find a property with A good return that matches weekly rent/house value. Has it got to the point that the market h…[Read more]

Event Horizon wrote:
However my view is this…Steves approach was achievable with relative ease when he was one of the few doing it. Now every monkey wants in on the bandwagon and a free ride to property wealth.

You'd be surprised.Many people talk about doing things, but few ever actually take action. It's also why the diet industry is worth…[Read more]

Scamp wrote:

L.A Aussie wrote:
Rather than just keep stating the obvious, give the forumites a few strategies that will teach them how to invest successfully in the times ahead.

You're right. I think it's obvious now. Hm. Investing successfully in the times ahead :- Buy alternative energy funds ( solar / wind / geothermal technologies )- Buy…[Read more]

Scamp wrote:
You see the problem ? It's domino, but not the kind that property investors like to see.

It's only a problem for those on the edge, financially.There are millions of cashed up investors running around in many parts of the globe collecting cheap properties like in an easter-egg hunt.Think about it; if you are able to buy houses…[Read more]

ItalianDragon wrote:
There will be simply a DOMINO effect.1. If a house in your street sells for $100,000 LESS then ALL houses in that street will lose value and then the next street will lose some value too and so on.2. Come on, how can you think that Australians will keep buying houses at 6X the average income while in the US and Canada they…[Read more]

Scamp wrote:
http://www.news.com.au/story/0,23599,23947854-5007146,00.htmlA good summary of what's to come ( and what I posted 2 months ago ).

What Mark has said in that article is very good advice.But it's also "commonsense 101".If people are struggling to repay their loans, and/or are about to convert to a variable rate after a long fixed…[Read more]

yarpos wrote:
Marc……….maybe a move to Red Hill? the new beachside opportunity for 2050…….

I hope you are joking about 2050? You can't be serious.I used to live in Red Hill – for 2.5 years actually, then we moved to Dromana.Nice area, but the weather is crap up there. You can't believe the difference from Dromana, which is only about…[Read more]

Don't forget the bike manufacturers.

yarpos wrote:
In recent days the Victorian govt came out with this;http://www.theage.com.au/national/beach-house-prices-under-threat-20080627-2y50.htmlany thoughts on the impact on values in coastal, marina, key developments? especially if other state govts join the bandwagon

I've been holidaying/visiting on the Mornington Peninsula for the…[Read more]

Scamp wrote:

bardon wrote:
Back on the charts the one on page one of this report is more descriptive of the price history and I am expecting more of the same in the future.http://www.anz.com/documents/economics/Housing%20Snapshot%20April%202008.pdf

You realize that only 1% in the world actually knows what a Log Scale is right ?Log scales are…[Read more]

Rhys_Roberts wrote:
The block of units i live in is on the market for 500k odd and returning around 12% i think.

Where is it?Are you going to buy it?

If the holding costs are killing you and life isn't fun, then sell.If you can hold it comfortably, then hold on.Land always appreciates long term, and if it's rezoned for more units later on, then even better for you.

Daedalus wrote:
I'd like to add that sometimes the labels might not actually be meant as a criticism. Friends/family might jibe you about being a capitalist to your face, but behind your back they might be quite proud of you…"DL is doing really well, they've got 4 investment properties you know!…"Don't lose sleep over it. Daedalus

It all…[Read more]

Yep; they're all great. A bit  "conceptual" and lacking "nuts and bolts", but inspirational.I'm re-reading "Who Stole My Money?" right now.

Ask the guy if he minds if you get your own independant valuation done on the properties first before you sign anything, and watch his response.Do your own research on the values in that area – over several weeks and re-assess.It's probably a two-tiered marketing scam and your the next bunny if not careful.

blogs wrote:
L.A Aussie-living in the states Im sure you would be familiar with rent control?????

Yes, they have a few of them in L.A, and they are not really popular with investors due to crap yields, but often they buy the thing anyway and look for ways to force the tenants out. Once they do, they can charge market rent.Needless to say, rent…[Read more]

Jon Chown wrote:
Almost everyone on this site will eventually be a Buyer and a Seller and no matter how smart you all think you are the simple fact of human nature will prevail. As a Buyer you will think that you are paying too much and as a Seller you will think that you are selling too cheap.Don't blame the Agents for the price of the…[Read more]

Scamp wrote:

LetsRent wrote:
Its hard to imagine investment housing demand dropping with rental demand so strong (and increasing) and the yields that are now available on investment property due to increasing rental returns.

Increasing rents are the worst kind of inflation. Do you think Rudd is allowing inflation to go up ?No ofcourse he…[Read more]

I agree with Scamp.A good ball-park guide to work on with the expenses incurred in holding a rental property is to allow around 20% of the rent to be eaten up by the holding costs such as rates, insurance, repairs, management fees, vacancies etc. This is not including the loan and/or the loan interest.On the other side of this situation; if they…[Read more]

units4me wrote:
Are Scamp's comments re a potential housing crash any more damaging than those who say property will keep on rising?I would think not. Everyone is entitled to their view.It crosses the line though, when someone with a sales pitch or service to promote, gives their view to generate business.

I agree. People with rose-colored…[Read more]