Steve, I would guess it`s mainly retirees old and young moving north, which in fact could create jobs.
Not too sure about higher wages down south or even what effect that might have but maybe Sydney/Melb people earn enough to retire young, move to the Sunshine State and to top it off thier cost of living goes down also.[^]

Paulee, that`s true but…[Read more]

It`s understandable he is a little annoyed and looking out for the sellers best interest.
I would guess you have been misinformed regarding the vendors being overly anxious to accept offers.
If the house is overpriced by that kind of margin and they needed to sell, surely they would drop the listed price in order to attract more buyers.
Most if…[Read more]

Chan$ 9% in Logan, seriously, I`d jump on those real quick!.[]

Are you saying the seminar was free Melbear?, I am talking about paying big dollars for information which is fast becoming obsolete anyway.
Of course I have guidelines when I buy a house, things I look for, but to go into a purchase blindly believing there is no risk is unthinkable to me and extremely blinkered.
There is always risk involved no…[Read more]

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I wouldn`t pay the high fees anyone is charging for a “kit”, that is laughable and rarely attend seminars, and no never a Henry Kaye one.
Believe nothing that you hear and half of what you see.[]
Trial and error is the best learning method.
Of course some small % of people who buy these kits and attend seminars will benefit, (the early bird gets…[Read more]

Muppet why would there be a sudden influx of NZ moving back from Oz?.
The fact that people on the dole are being discouraged from living in these towns is good?, I would have thought it`s a death sentence for that type of place.
How much is 18% of nothing when there are no tenants in a yr or two and you can`t sell?.
Muppets your posts seems to be…[Read more]

Steve you said:
“Cynically, I know people who would say that the market is pure and those that lost simply had their wealth redirected to those that won”.

I do believe that is what happened and often does.
Reason being HK has made a killing, some investors will make out ok in the longterm if of course they hold and had enough cash to make up the…[Read more]

I had the same attitude about Ipswich but that has been corrected.
Ipswich is expected to be one of the top performers this year.
Still I won`t be buying there, why?, too hot, too far from Brisbane, plus I don`t like the place to be honest.
I live a small distance out from Indooroopilly/Toowong and like the area, and while it`s gone up a lot…[Read more]

Melbear, just go to the yahoo search engine and type in Henry Kaye.
He lined his own pockets by recruiting vulnerable investors at his seminars and sold them properties he purchased in bulk using false promises of discounts, massive capitol gain with no money down.
At the end of the day you will find as usual with this type of guy many…[Read more]

You say he can`t be blamed?.
If he did do what they said he did he most certainly IS an idiot.[]

I agree rickyw, there are very few people who can give good advise with regard to R/E investing, it`s a rollercoaster, you have to know when to get on and when to get off, everyones situation is different.[8D]

I think this would be the case quite often.
This is a worry for everyone rich and poor.
I think society will pay if the gap gets too wide between the rich and poor.
Charging too much or ripping off tenants only makes matters worse .

All you can do is be fairminded with tenants which means not buying so many houses that you are under pressure in…[Read more]

Thanks Anubis, I`ll check out those places.[^]

Kay this is the thing, rental properties can quickly consume a lot of time, thought and effort and become a full time job, and we are now scraping the bottom of the barrel with regard to CF+ properties.
I`m not saying it can`t work right now, but I certainly ain`t going out buying ten properties right now…..ignorant?, dumb maybe we`ll see but…[Read more]

Kay it may be they are selling due to they are getting good money right now![].

I never said Minimogul was a Minimongrul, just that the idea that you could lose out is being completely disregarded, if someone was prepared to hold these properties long term with no +CG if it came to it, I`d say it would be worth considering.[]

Mini, I see faults in your argument, but I could argue all day, just think about the general concept that if you had a property and the value went up 100%, IF IT WENT UP AT ALL, then dropped by 50% you would be broke!.
All your opinions seem to cling to optimum market conditions, this can apply to rents, population whatever, the more houses you…[Read more]

It would be good as a rental but when you use equity in it to buy elsewhere this is raising the amount you currently owe on it to the point it may no longer give you any excess ($70-$100) cash that you talked about.
With the current market it may not be worthwhile, whereas finding a better home for maybe even less than you are selling your…[Read more]

Sounds great Mini, but you said 8 weeks would be worse case as far as vacancy?, how do you assume it won`t be 30 weeks?.
More than a few have said NZ R/E is in a similar position to what Aussie was 2 yrs ago but I don`t believe that to be the case, but I am no expert on NZ.
As far as buying sight unseen….that is something I would NEVER do.
I…[Read more]

If you keep the house, rent it out and borrow against it, it likely will no longer be CF+.
If you buy another house in the current market you may in fact pay too much and have a big mortgage to boot.
On the other hand if you sell you will be paying fees left right and centre for the selling of one and the purchase of two.
At the end of the day you…[Read more]