lol[biggrin]
I will ignore the entertaining 7-10 year argument as it doesn’t interest me today….. which is strange. oh well..

However to get back to your original question james of the selling the houses.

Don’t, just find a way to pay for them. There is always a way.

I know the area you mean. I think that the H&L packs were never going to have the astronomical growth of inner melbourne suburbs as they are out in the sticks. I do beleive they will stay close (a bit under) the median house prices for Melbourne.

However the benefits you do get are depreciation, low maintainance costs (this can be a real killer in the old inner melbourne houses), great yield, good rental demand, however the real bonus you get is the STABLE low holding cost.

In fact for a low income, you couldn’t really have picked a better type of investment (only i would not have bought straight from a developer in these estates as they are rip offs.

You are just experiencing a bit of a down because the price the h&l developer extorted from you is kicking in and that area is never going to be a real boomer in capital gains as there are many many suburbs similar and with similar demand.

I think that you would never forgive yourself if you sold. When the house prices increase due to increased demand, you will be kickin yourself/.,

I think Melbourne is set to have a boom as the population growth is set to increase more than any other place in Australia.[thumbsup2]

Lifexperience

I retracted some of my last post as I was disrespectfully rambling on , and had way too many wineroonies, at the time.

sorry all!!

Lifexperience

GR, you bum!

[biggrin][biggrin]

Lifexperience[]

[eh][freak][mad][lmao][thumbsupanim]”Let’s travel back in time. All aboard the Foundation Magical Mystery Machine of Time Exploration (FMMMTE)! We’ll stop at 1885. Ancient history you say? Hardly. 121 years is only a few generations. My great-great grandfather was delivering milk (and sometimes emtying poop-cans) on the narrow streets and alley-ways of new Melbourne”

Friggin’ Poetry![biggrin]

I have to say Foundation old boy, you have sufficiently challenged my belief of everlasting rising property prices against a static currency.

I would be fool not to consider that my own position could easily look to be propelling me to RICHES, yet this could just be a premature ejactulation in an economy potentially at the c.. c… cliffs edge.

Maybe so, HELL!! As an aussie(barely a whiff of a turd no-one Knows in the scheme of the worlds population) my own wealth may easily just be a boot-scoot to the left, (dammit I hate that song ACHY BRAKEY HEART).

Ricky Martin Sux ….. 10 weeks at number one in the charts is enough reason to trade up to being an eskimo ciitizen from the ARCTIC.

[blink]

OK, well………….. i am off to burn all the property I own. I relinquish the role of property investor and assume with relish the role of insurance claimant (slash) / ARSONIST..

Maybe I still have time to hedge my money…..

ha

butt seriously, Foundation. After all my excess steam blowing, Do you find that too much information may add to procrastination when buying into any market ! i’ve got my notepad… ok …. go.!!

TONY WJB, may i cal you wazza. I read your posts and thought “GEE , this guy seems down to earth.”

Then, I found out you were a sparky…. you lazy SOB!”

I’m an electrician too…. and hence disregarded everything you spat out your gab. You are over paid.[mad]

[][thumbsupanim]

Dazzles, ,,,,,,,,,,, (sorry…. I am on a ADD RAnt,,,,, )

Can you imagine if all the success and riches you have accumualted dissipated to less than nothing because of a new historical trend and an unexpexted world change. (IRAN and Nuclear world war for instance) EVERYTHING GONE in a few w… w… weeks because you never considered MAcRO MACRO reality.

[dunny][rock][dunny]

[smash]

Lifexperience

In General, My current opinion based on which states I think are good value at the moment.

WA NO[skull]

Vic Yes[thumbsup2][thumbsup2]

Sydney – Not quite yet[juggle]

Queensland – Yes[]

Tas – No (wink, wink)[curtain]

NT – Around Darwin – Probably[cool4]

SA – Maybe[juggle]

Lifexperience

Maybe when she said “packet”, she meant to say “racket”

There are all sorts of rackets that would make a packet!

Maybe she is smuggling illegal reptiles, or selling counterfeit designer jeans out of her garage.

Lifexperience

My HR Holden got rear ended… Write off (tears).

Now I am in a VT commodore wagon………… I feel like my soul and style have been sold to the devil….

Lifexperience

Sorry E.M., I don’t have anything to sell.

…I’ll check in the shed, um…..

…oh wait, I can sell you an old Holden Red Motor… bit smokey.

Lifexperience

hi Elkham,

You specify that you will discount by 3.5% at the current int. rates.

If the rates go up, you’re still discounting by 3.5%.

So your amount is not affected.[]

Lifexperience

if you wanted to subsidise the buyers interest rate. Simply write a cheque at settlement for the amount of interest you are going to discount.

The buyer can then put this in their account that has loan repayments deducted from it.

After you write out cheque at settlement . you no longer have anything to do with it.

Lifexperience