Yes I've bought OFT and I sell them too. I can give you a positive story. I bought one at Parramatta around March this year and paid $380k for a 2bed with settlement end of next year. At first prices seemed abit high for everyone but looking at it now, it feels like I got a bargain price. The amount of money being spent on Parramatta is…[Read more]

AUSTRALIA'S chronic housing shortage will continue for at least another two years because of record low affordability, a survey says.The Housing Industry Association's (HIA) National Outlook shows a shortfall between the number of new dwellings being built this financial year and the "underlying requirement'' of almost 20,000 dwellings. Over…[Read more]

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My memory's not as sharp as it used to be.Also, my memory's not as sharp as it used to be.

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These days about half the stuff in my shopping cart says, "For fast relief."

HAHAHAHAHAH!!! Wata Ripper!

L.A Aussie wrote:
True story (but funny).Driving in my car the other day with my 5.5 year old son. He says, out of the blue; "Dad, when I see girls, or think about girls, I get a tingle in my willy".I, of course, kept a straight face and informed him that this was perfectly normal (but is it?)Lock up your daughters?

Ohh yeahh that's nothing. My…[Read more]

As long as I remember I have always returned someone's money or property if I found it or saw them dropping it. Maybe except for one time when I was a kid. I was buying a packet of biscuits. When I paid for it; the shopkeeper gave me my own money back and also gave me extra change on top of it. I didnt realise it at first but after going away f…[Read more]

I havent red Steve's email but judging from Nigel's post and the opinion of quite a few people here that almost everyone is looking at one side of the coin. THEHEATH said that by increasing rates there will be an over supply of properties as people cant afford to hold on to their properties. Now that's assuming that owner occupiers are the only…[Read more]

DraconisV wrote:
Hye Masih,Well, i'm not ready to buy into the market yet, I am just finishing my first year of 3 at university and my gf is doing a long tafe course, we are saving like mad and at the completion of my degree(end of 2009) we should be able to jump in at properties around 200-250, but i'm worrying that I won't be able to get…[Read more]

Michael4 wrote:
I suggest for you to look at houses that are old but with a sizeable land 650sqm+ at least as you will be able to mayble later subdivide, renovate and claim more deductions etc. Land appreciates in value where house, unit etc depreciates in value!

I said in one my posts in another forum; given there is demand, even a rathole can…[Read more]

audwinsw wrote:
Thanks Masih, Do you know who can help to submit the plan to council? Is it an architect or a surveyor?

I think it's best if you contact the council or just give them a visit. Most of the time they're not doing anything anyways. They will explain everything you need to do.

DraconisV wrote:
I will be getting into the market for the first time around the end of 2009(start of 2010) and I want to see rates go up and up and up, coz I know that rents will go up balancing the rate rises, and will stop prices going up between now and when I am ready to buy some property.

I wouldnt bet on property prices stalling between…[Read more]

Michael4 wrote:
i will almost always recommend to buy a crap house on a big block in those areas so you will attrack the tanants quicker, you can renovate and make more appreciation in the long term and subdivide in the near future!

Michael I think you're giving abit of a risky advice here. First of all the house is crap….who wants to live in…[Read more]

I think property is the ideal choice given your current situation and future goals. If your decision is to only invest then you should look more in to eastern states as I dont think Perth has much to offer for investors now….maybe except some individual areas which could be hard to find. So you might be faced with a dilema of either invest or…[Read more]

Investor Newby wrote:
Hi All,I am interested in purchasing an IP in Kellyville Ridge. I was wondering how much the Rouse Hill Town Centre will impact capital growth in the area. Is now a good time to buy? I have seen some off-plan units being advertised for approx. $345000 (2 bedroom) with settlement in approx 10 – 12 months.  Do these seem…[Read more]

How much have you had in capital growth over the past 6 years? The rates wont be rising forever but the property prices will be. Especialy in Mosman. Whatever weekly repayments you've had over the past 6 six years, total them up and compare them against the capital growth you've had over these years. That way you will know how much profit you…[Read more]

Just get a valuation done. It will cost you a few hundred bucks but could save you thousands. Peace of mind.

If you're going to rent it as short term rental such as holiday rentals then you will need to furnish it without doubt. Also for holidays rentals I dont think you can get Landlord's insurance.

If you can join his bandwagon then go for it. If you're gonna do it all by yourself without any prior experience then you could be in trouble. Renos are not as easy as some TV shows make it look like. You need to do alot of planning and budgeting, finding the right property, right material to fix it, right people to help you. If you get it all…[Read more]

When you're first starting out then Capital Growth is the way to go. You wanna build up equity in a hurry to build up your portfolio quicker. When you're more settled in the future then you can look at +cashflow properties to balance things out abit.

Hmmm…it's a tricky one. I'm not sure if you'll actually be allowed to invest because of your age. In some states like QLD I believe minors (under 18) are not allowed to own a property. Plus I dont think you can get a loan either.I hope I'm wrong.

I believe if it's part of the structure of the house such as load bearing walls then you will need council permission. If they are purely to seprate the rooms or for looks then you should be OK. You can have a look at the Parrmatta DCP to give you an idea. But it your local council DCP could be…[Read more]