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  • Profile photo of QuintetsQuintets
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    January 14, 2005 - 6:05 am

    The RBA has been talking about interest rate rises because of RISKS they see in the economy. Unless those risks materialize, all at once, they will be reluctant to raise interest rates.

    My sanity check on the RBA is what the bond market thinks. The RBA keeps statistics on daily bond yield rates on their web site. The current 5 and 10 year bond yields are currently lower than the cash rate. To me, it seems as if other people think the economy isn’t all that crash hot and the long-term yield reflects this.

    Jireh

    in Sydney

    Profile photo of QuintetsQuintets
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    August 29, 2004 - 5:38 am

    Glenn,

    The Sept API just showed up Friday. The article doesn’t say anything particularly new (for people in this forum): CF+ properties are rare, far away from major centres and you won’t get much growth out of the places that are out there…if you can find them.

    [baaa]

    The thing the article was unclear on was the criteria of growth forecast >5% over what period of time. 3 years? 10 years? If it’s ten years, then the article is VERY negative. Otherwise, it’s just a warning to do your sums very carefully.

    I don’t think Geraldton got a specific mention. Sam Saggers from ESC got a very optimistic blurb in for Kalgoorlie. He thought a 3bdrm townhouse could be obtained for $180K and rent for $360/wk. I think you’d need an exceptional property, but it wouldn’t be typical of the area.

    Jireh

    in Sydney(just)
    j at jireh dot net

    Profile photo of QuintetsQuintets
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    May 9, 2004 - 8:04 am
    Originally posted by melbear:

    Taxes scare off the little guys. Taxes are inconsequential – they are a minor part of the reason to invest. A true investor doesn’t worry about taxes. They take advantage of a falling market and make their money then!”

    I heartily agree with Mel’s quote of M. Kiyosaki. I’m new in IP and I confess it’s taken me about four years to take a big chunk of my emotional fear out of property investing. One fear was taxes from the big baaadd government. Tax should be one of the last reasons to consider getting into a property…and now…one of the last reasons to consider when you get out.

    Alot of people will be angry and the debate will rage, but soon, I will stow the anger away until the next election. Until then, there will be alot of buying opportunites out there. javascript:insertsmilie(‘[thumbsup2]’)

    Quintets

    [thumbsup2]

    in Sydney(just)
    j@<nospam>jireh.net

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    April 27, 2003 - 2:02 pm

    Sooshie et al.

    Yep, it’s not just the coastal areas, but the inland NSW areas as well.

    My wife and I bought a 3bdr b/v over a year ago 500m from the beach in Shellharbour area(1.5 hrs s. of sydney) and it’s gone 30% in the last year. I think much of it is the Sydneysiders looking anywhere that’s not expensive, plus a local council that’s smart about development and infrastructure going in(electric train and highway widening).

    Further inland, in the highlands, it’s going off as well. It’s the old tale of when you start hearing taxi drivers talking about their investment properties, then everyone is in it. I heard some LRT ticketguy chatting with a mate about prices going ballistic in Bowral.

    It’s pretty crazy.

    Jireh

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    April 26, 2003 - 5:33 pm

    Hi all,

    Okay, first post. You guys are going to be responsible for me not getting any sleep for the next few days.[:)]

    I can relate with Quasimodo’s *general* statements about changing the way you ask the question. It changes how you view the world. Here’s what I mean.

    Some friends of mine are IP-ing and we share the info and every step of the learning journey. It’s great just talking. However, I never thought about +ve IP seriously. I knew it existed, but just kept loooking and buying -ve geared property in high cap growth areas close to Sydney. Everything we bought was good growth with ok returns; ie. we barely break even on interest payments. Then my friends said they bought a $90K place renting at $140/wk. LIGHT BULB! [:O]Now I know it doesn’t qualify for 11 second solution, but it triggered the question…”WOW! How do I find one of those?”. All of a sudden, it became very real in my mind…and that’s the thing that counts.

    So, now I’m here and it’s a good thing.

    Good luck with your hunting. They’re in all likelihood, not in the major city centres. But then again, you never know.

    Also, shop around for a good property manager. The competition in Oz is fierce and much better than the US. It will make a world of difference.

    Ciao,

    Thirsty(aka Jireh)

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