DOOM, BOOM, GLOOM, Where are we headed?

From the 6 or so pages I have read here, no one knows. You can chuck figures around left, right and centre and will still be arguing once this issue has died down and everyone has found something new to whinge about.

If we are seeing house prices down, shouldn’t that be a good time to buy and hold?  If they do go down further, ride out the trough and wait for the rise.  Ya gotta be better off in the end? 

If you are worried about rising interest rates, fix your interest rate.

And what if this IS the bottom of the trough and house prices rise again?

If we are seeing rent prices going up and vacancy rates dropping, again, isn’t that time to buy? 
No worries about find tenants.

It is also the time to review your current rentals. 
Can you add a clause to your leases the allow a rent review every 12 months if you have (or want) tenants on fixed rentals?

Forget about oil, that’s basically a user pay system. You want to use it, you gotta pay for it. Yeah I know the high costs of fuel are apssed onto the consumer through other commodities  
How many of you have considered the “other” resource that directly affects home rental.  Water,… Ahhh yes, do you pay for the water your tenants use? 

It’s now a “user pay” system so why not pass that onto your tenants so they pay for what they use, just like the power and the gas? 

If things are so Doom and Gloom in the area you are focussing on, look outside the square a bit. 

I’m in what is rapidly become one of the biggest growth centres in eastern Australia, the Albury Wodonga region.   I have two homes here.  One is in the suburb of Lavington and one in the suburb of West Albury. 

The Lavington home (4 Bedroom) was bringing $300 per week rent (I live here now) and is on the market for $287,000 http://www.albury-home-sales.com/LNames.html and the West Albury home (4 Bedroom) was bring $350 per week (now vacant to sell) and is now on the market for $329,000 http://www.albury-home-sales.com/WANames.htm . 

Why am I selling them then? 
To retire, tour and REST. 
I don’t really want to be bothered with investment homes anymore as I have a super scheme that will look after me and set me free to do the things I want to do.

G’day All,

Here’s me, new in the game and ready to make a small comment on the NSW Mini Budget.

Maybe I think too positively, but the way I see this new stamp duty is that it brings NSW investment in line with Vic.

Dunno about my figures but I worked out you pay $8,990 stamp duty on a $300K property in NSW but $13,660 on a same valued property in Vic.

Does this seem right…. I know that’s different to your figure Steve, so I welcome any comments on my calcs.

If my figure are right, & that’ll be a bloody first, you can see what I mean about bringing it into line with Vic.

The other thing this new stamp duty does, is add a new perspective to property investment.

Just after the “Buy & Hold” category you can now put…

“Buy, Hold & Bequeath” …

Thus leaving the end 2.25% (& the CGT) for the kids to pay. (I think this has something to do with the certainty of death & taxes)

Anyway, not to worry, we are about to make our 1st investment purchase later today, so hopefully we will have our foot in the door too.

Also, I’m a bit worried about the “CarLover” that appears in the forums …. I hope that is a Motor Car Lover and not a Bob Carr Lover!!!!

Regards
Wadey