The good thing about forums is that people can share information and debate whatever they like. I think however that you are out of line with personal insults.
Cheers
r
(you’re not a richmond supporter by chance are you?)
To the newbies who asked the Enjo Lady to tell them where to find properties… If you read her response a bit higher up she gives you a good tip… what else do you want? A comprehensive list of towns and cities? Spend time on the net researching, but don’t rely on the properties to be listed there! Hit the phones, develop relationships! Get out there and have a crack!
For me, balance is the key… you can be careful with money while not being a total tight a@se. Life is to be lived, and while PI will be the key to living it better, I’m not going to totally restrict myself on everything. Others disagree, and that’s cool… horses for courses, different strokes for different folks etc etc…
I’ve heard too many bad things about HK from too many people whose opinions I respect. Personally I wouldn’t give him 15k of my hard earned folding stuff.
I think it’s still going up in some areas (ie Qld) flattening in others (Melb seems to have steadied) and dropping in others (inner city apartments)
As for it continuing to surge until 2006, I’m not sure… there’s apparently a pretty good chance of an interest rate rise before Xmas, hence the Prime Minister’s increased likelihood of calling an early election before they go up…
My fiance has raised the prospect of going into IPs with family (both mine and hers), but I steered her clear of it, not through greed or anything, but just practicality, because I personally reckon it’s fraught with potential problems.
You have to be 100% certain they share the same goals, ambitions etc. Make sure you have exit strategies worked out, ie, what if you buy a place with a view to holding it for 10 years, then after 5, the in-laws want to get out of it and take their cut? Even though you think it might not be a problem now, you should think of stuff like that which could emerge and have plans in place to deal with them.
I don’t reckon you can go wrong with Richmond… I would have thought it will have pretty solid growth… probably nothing like the last few years, but it’s still a very attractive inner suburban area.
Mini – great comeback, but I think bruce is a troll… give him attention, and he will keep coming back, although it would be superhuman of you to ignore him at times…