No boom at all from where I sit.Devo, agree. I've been posting elsewhere for quite some time, that I smell 1991 in the air. We will have a long flattishsideways trend for several years. We may track inflation so assume 3 % for the sweet spot there.Some markets have softened and will continue to do so. SEQ is over-supplied and clearance rates are…[Read more]

Agree Paul,I also watched the show.She certainly is an inspiring role model that her generation could do worse than emulate.

Fantastic news for Stockland, Devine, Delfin and other esteemed developers in that cohort .Bracks backflipped on the Rockbank green wedge……….now it's going to be wall to wall all the way to Melton.Now why shouldn't the govt release all this land so that the manufacturers of brand new boxes (house and land packages) are able to supply…[Read more]

Dear Myra,you have a lot of promise and guarantee in your post………………………………….."I guarantee that you are missing out, cause Luke Gilford teaches you things that I promise you, you have not even thought of yet. Hope this helps. Myra. "Upon what basis does your guarantee exist?Will you double our money back if we are…[Read more]

Read in the order presented.Make yourself a cuppa………………actually make that a pot of tea:https://www.propertyinvesting.com/forums/property-investing/creative-investing/4324169https://www.propertyinvesting.com/forums/property-investing/creative-investing/4331940There are other shorter threads if you search under the Creative Investing…[Read more]

I can hear Jenny's voice now from Greenbow Alabama…………….Run, Pascoe, Run!FAST

wealth4life.com wrote:
Well you can never say never …In the webinar he pointed to rising job losses … nondisclosure of true debt … the EU and IMF can't fix the problems with money … DOW rising to 11,300 then dropping from end of July forward … Inflation interest rates and deflation … rst mortgages are choking the banks now and the…[Read more]

Unfortunately these techniques can also be hazardous weapons of destruction, where occasionally the sizzle sucks in valuers, banks, and even experienced property investors……where else but on the coast where all is not  as Golden as it may suggest…….here are some articles from the weekend Australian newspaper from a week or two ago that…[Read more]

Sage words Matt.Here's a link to his website:http://gordonku.com/He's an ex orthopaedic surgeon. Seems like he's  fin free thru property according to the stuff on his site.I wonder if he still dons the knife out of choice/passion or whether he deals only in property now.

emmyb wrote:
I also don't think I explained it properly. We would put in three seperate offers one by one. OK Understood.So if they said no to offer number one and asked for more money we would then come back with offer number two. If they came back and asked for more money again, we would give them offer number three. That's why it goes up 5k…[Read more]

Not sure where you are located and where you are buying Emmy, so the following relates to Vic contracts as I am most familiar with those. Cooling off is different in NSW and Qld where one forfeits a small (0.25 % deposit) for the leisure of 5 days cooling. Unsure of other states and territories.The following is not advice, however merely my…[Read more]

Hi ya EmmyI would never give any vendor seven days to accept or reject an offer.If the vendor is desparate, as you mention, they should be in a position to give an answer pretty much immediately.I would allow them a fixed date and time. I have often only given them two hours to accept or reject. The agent will play your offer to others if you…[Read more]

I saw that also…..forecasting 5 Mill median by 2020.I can only presume that they are including multi-acre properties that may be upzoned and carved up into smalller lots for new house and land in the next 5-10 years.They wouldn't be envisaging such a median price for your standard 3 BR brick veneer on a quarter of an acre or even less. Mickelham…[Read more]

rush80 wrote:
Michael,Yes mate . All commercial warehouses. The land tax is crazy. Our accountants were not alert and did not advice correctly, so we ended up acquiring a lot of land in one entity.Nothing in the lease states the tenant will cop the land tax, but you are right,not a bad idea for future leases. Thanks

Hi ya RushThat's what would…[Read more]

Are the comm properties, retail and subject to retail tenancy laws? If they are office/professional or sheds/industrial, ideally your tennants should be paying…..at least on a single holdings basis….check your leases if htis is the asset class you are in.Obviously will depend upon what structure the lease wording  is at present, however maybe…[Read more]

I'll put my hand up……………..I was investing back then. I fixed my rates on three IP's at 16.5 % and my mates thought I was nuts. I avoided the circa 20-21 % investment loans of the day.

devo76 wrote:
I doubt rates will hit 8.5% and if they do they will not be there for long. Look at the blood on the streets last time and our debt levels have not improved. Im thinking around 7%

Hi ya DevoThey will go well above 7 %. Westpac and its Dragon offspring are giving 6.8 % term deposits for 12 months…….a clue me thinks. I'll guess…[Read more]

Chris Lang's book is good and also another I found useful by Dolf De Roos….. "Commercial Real Estate Investing" It's a little US and NZ based however has good fundamentals, principles and creativity to boot. It explains cap rates very well. The info can be applied to our commercial market here.Good luck

TheBish wrote:
……………………..Can somebody give me some calming words please?? I need counselling!!ThanksTheBish

Westpac has raised 0.45 %………………..expect the other big three players in the cartel to follow suit and add premium to their bottom line also.

Your thinking is sound.Whilst depreciation of a brand new dwelling will help gross up that yield, that should be seen as the cream.I'd be wanting minimum 7 % there. Whilst I do not know anything about the Mildura market, as a regional city something over seven with depreciation as the jam may start looking OK.Benefit of a brand new box is that it…[Read more]