Even if your properties are cash flow positive there is nothing to say that they will move up in price by say seven yrs time, they may go down, it`s fine if you want the extra work of rental properties for a few extra bucks a week, but at the end of the day anything can happen in your life, seven to ten yrs is a long time, personally I think it`s…[Read more]

Originally posted by kay henry:
Well, Aussies come from a more critical perspective than, for example, americans might. Hence the “weapons of mass destruction” war…

ryanmel- no offence taken :o) I merely think it’s funny when people suggest that folks who watch/read the media are herdish.

When i was teaching, I suggested to students that they…[Read more]

This is a tough one!.
Firstly as someone already said you should have got a lot more deposit on a property of that worth, tens of thousands more, if it`s unconditional they shouldn`t have any problem with it!.
I recently bought a house and instructed my solicitor to pull out of it with only a couple of weeks left, but there was a genuine reason…[Read more]

Kay, I didn`t mean to imply ignorant, that`s a word too easily thrown around!.
Magazines are good for different articles and ideas but I don`t believe they generally give you a true guide of property values, I think they are dangerous for inexperienced investors.
I suppose my info mainly comes from my house painting business and generally getting…[Read more]

Originally posted by Pisces133:
Here is a good example of someone letting their emotions getting in the way of what is the right thing to do for their family.

Some years ago a friend of my wife lived in a semi in Bronte.

She and her husband decided to move from Sydney to Perth for some stupid emotional reason (which I don’t want to go into…[Read more]

For the record I believe there are many investors out there who never listen to media and probably do much better than those that do, it`s the herds that follow the media.
Have they ever been right?. Rarely.
Same goes with property magazines they are so far behind it`s a joke.
I do read them but rarely pay any attention to them whatsoever.
Study…[Read more]

Are you sure your a pisces?, the friendly little fishy cruising through life?[8D], you sound like a Great White on a rampage![8].
I don`t think someone having money is of any benefit to there kids for a start.
Maybe money was not a priority in thier life, there are more important things.
Have you ever thought about taking boxercise classes as an…[Read more]

Also, this is not news!, they have been saying this about Sydney and Melbourne for a while now.
Also many EXPERTS said the same about Brisbane CBD units over the last 12 months and what has happened?, it`s continued to grow and the demand is still not being met!.
Anything can happen, but I don`t think too many would be surprised if prices did fall…[Read more]

Sounds like you are making more of it than it is.
The biulder fixed it, so that`s it!.
A leaky roof is not a major structural problem or anything to get too worried about.
When you buy a property it`s as is and it`s up to the buyer to check it out thoroughly.
If there was a major problem it`s generally obvious anyway.
Ethics are a good thing but…[Read more]

I see a lot of prices and areas in Brissie right now that don`t really add up, therefore I still think there are some great opportunities out there.
I`ve lived here for a long time and watched prices for many years.
It`s a bit difficult to pick but you will need to be selective to get the best gains.
I do think Brissie will generally still climb…[Read more]

Originally posted by Pisces133:
>>I guess it’s a matter of doing unto others…<<

Give us some examples, Kay, where you have done a good deed as otherwise we may jump to the conclusion you are all talk and fluff rather than substance.

For example, some years ago I bought a small development site and agreed to sell the vendor one of the villas on…[Read more]

Kay there are not many with that good attitude in R/E I`m afraid.
One particular foreclosure “flipper” I talked to used an example which started with, “there is a seller who`s sick old mother had moved out of the house into a nursing home”, I laughed out loud at that one…say no more.
He was to buy the home for 20K max, in a rundown condition of…[Read more]

Originally posted by kay henry:
Well, you know me, Pisces- it sucks being a “bleeding heart”, but what can I tell you

I tend to think we can justify anything. For example, we can justify jobs going offshore- as Testra is about to do- lose 400 australian jobs because they want to pay poorer wages to Indians. For me, it’s hard to justify profits…[Read more]

quote:Originally posted by jaapmeenchi
I have put down an expression of interest on a block of land in Bargara and am due to pay for this in about 5 months time. Does anybody else have property in this area or have any opinions on what will happen to prices there?

Bargara has boomed already as I`m sure you know.
I think a lot depends on…[Read more]

There is a big difference between a low offer with a cash deposit and the intention to buy at a fair price between both parties, as compared to a totally unrealistic one with no deposit and with no veiw to negotiation, and obviously designed to weed out people in difficulty.

Why would he not want to buy the house?.
Especially considering he`s a biulder and lives there already?.

You will very quickly become known as a vulture, many agents will walk away from you as they should, I can understand why a newbie might see this method as having it`s use but not thinking it through.
You may get some good buys from sellers in trouble but remember what goes around comes around.
You do not need to get properties far below market…[Read more]

Sounds like you want to use people to get rich any way you can.
Does load the price up mean charge struggling people top dollar for your house, as they can`t get one through the normal means?.
As soon as they have some hardship in making the payments will you take a look at the value of the property and adjust your kicking method when you “boot”…[Read more]

quote:Originally posted by jaapmeenchi
Thanks Markpatrick for the encouragement, because believe me I need it at the moment. Do you have property up there?

Yes I have one similar deal in Park Avenue, I would have bought more but I had limited time and money.