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Come the revolution the first to go should be the economists. When are they ever right. They are mainly negative. They prove that they do not understand the overall property market. But I hope they keep talking it creates some good buys.
Nigel Kibel
http://www.propertyknowhow.com.au
Australian and New Zealand Buyers advocate
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What you have to consider is how long will you remain in Melbourne. If you are looking long term then the Docklands will be a great long term investment. Ten years from now dockland will be a blue chip investment. If you are moving for only a couple of years then you may be better to look in St Kilda, Elwood Port Melbourne, Albert Park for an older say art deco apartment which will hold its value in the short to medium term
Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
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Banks are not in the risk taking business. When investing you have to look at the bottom line, firstly what is the return. Clearly if the return is a negative position forget it. The problem with this type of property is that it will not provide capital growth. At the end of the day if the property does not offer capital growth or high cashflow look for something that will. I like properties that coul also be sold to owner occupiers.
Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
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Hi Lea
I would need to know where the property is located, however in Australia the banks are tightening there lending. If it is country and the fundimentals do not ad up then you may find that they are only prepared to loan say 60%. If you want to buy positive cashflow, I would suggest New Zealand. You will need a 20% deposit however because you can buy positive cashflow in main cities the properties end up being separate to anything in Australia. It is a matter of establishing the correct structures. With a 20% deposit you should get approval. Returns are higher in the country however stick to main cities
Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
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Hi Cashpoor
I find that you have to look at all deals on there merits however I would stay away from the city and docklands and southbank. I think in time docklands will be good however presently its a construction site. You will not buy positive cashflow in Melbourne. However if you want a sold investment look to suburbs like st kilda and elwood and buy art deco apartments. You are looking at around $350,000 for a good one. Middle ring suburbs are also good such as Hawthorn Camberwell ect. If you are after positive cashflow your best bet is New Zealand. This will enable you to establish a separate income stream
Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
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I agree with you robert.
My experience is that most people know that they will have a problem in retirememt. No one that I have spoken to either personally or when I have been giving a talk believes that thegovernment will have the funds. It is clear that by 2020 we will have nearly double the numbers in retirement that we have today and only around 5% of people entering the workforce compared to now. The fact that the government can talk about a 10 billion dollar surplus is a disgrace. The government must increase infurstructure spending and offer tax cuts via savings stratagies. Only by implementing these stratagies now can we hope to secure our future.Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
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When it comes to in ivesting money, most people give little thought to what their doing. Firstly if the returns are large there is a reason. I avoid purchsing in areas with little infurstructure, like country towns. I perfer main cities in New Zealand. In these cities you can still buy positive cash flow and get capital growth. If you look at these types of properties(I like period home for high growth and older apartments and outer suburbs for cashflow)then you will not have a problem with valuations. If you want to purchase for yourself you need to spend a week in one location and get to know it like the back of your hand. If you dont do this you are taking a risk.
Nigel Kibel
http://www.propertyknowhow.com.au
Nigel Kibel | Property Know How
http://propertyknowhow.com.au
Email Me | Phone MeWe have just launched a new website join our membership today
