opee wrote:
Thanks everyone..

I agree with you simple but I guess property investment is a long term game You have to hold the property atleast 10 yrs to make profit…

My theory is once I buy a property Never sell it

Opee, mate done right and there is no need to wait for 10 years. I purchased two in last 12 months that slightly positive out…[Read more]

^^^
Quality reply that is.
I will add, if you ask this question – need to do more research (reading). Re capital growth, make sure to do you calculations… I see too many people claiming that they made money, but when all expenses inc interest repayments are considered they barley brake even. Some would be better off just saving in the bank account.

Who is in for bumpy ride ?
Chart by BOQ

Looking at the chart, one can think that next move will be price appreciation! Fortunately, over my life experience I well thought that events develop in there own way regardless of what we think of them

engelorumora wrote:
I bought my property without seeing it but have a good friend who owns over 60 properties in the US so I trusted him with his advice.A couple thousand dollars is not a lot of money to pay to go see things for yourself and meet people you will do business with face to face.Engelo

^^^
THIS
Buy ticket, fly over. Spend time…[Read more]

I just imagined running 30 x IP’s. Makes me dizzy Got 10 tenants and it’s a handful, especially come the tax time.
Try doing it in such a way that it’s you earning money not banks, agents, solicitors! This means you need higher return properties rather than more of them. Some cash injection at the beginning helps to improve cash flow dramatically…[Read more]

Thinking out loud:
Insurance for 6 room place, depending on options but in thousands
Vacancy, expect 1 out of 10 to be empty (on average)
Gas/electricity, will be somewhat 30% higher per person than normally. Tenants do not care much
Government compliance, can be a pain
Fire Safety, including monthly visits by fireman are $60
Few more that I…[Read more]

janinewool wrote:
Hi
I have been keeping my eye on a unit close to where I live and it came on the market at the price of $290,000 plus. The open day was today and it looks to be a good reno project at that price however the agent has now put it up to $339,950. Do you think it would be still ok for me to put an offer in at the lower price or…[Read more]

bardon wrote:

simple wrote:

bardon wrote:
I love it when they moan about the lack of new housing. Its such a fantastic trend after all.

I am sure there is a shortage….. somewhere in Australia, like mining towns
But in Brisbane…. I had vacancy now for 6 weeks…

Sorry to hear this simple. Why do you think that it isn’t…[Read more]

bardon wrote:

simple wrote:

bardon wrote:

fWord wrote:
Yeah, the world is coming to an end too.But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

Indian use to believe that you are only truly free…[Read more]

bardon wrote:

fWord wrote:
Yeah, the world is coming to an end too.But it's not gonna be 2012! That's my prophecy! LOL

You are most probably right there. So does that mean we should just maintain the fear indefinitely and one day we will be proven right?

Indian use to believe that you are only truly free if you live with no fear

Expect…[Read more]

bardon wrote:
I love it when they moan about the lack of new housing. Its such a fantastic trend after all.

I am sure there is a shortage….. somewhere in Australia, like mining towns
But in Brisbane…. I had vacancy now for 6 weeks…

Our days, if you get residential property with return of 9% and interest in the bank is 6% you will be about break even (as a general rule).
Creating cashflow positive IP is not an easy catch even if it generates $1000/year. Many will take this opportunity if seen. As you need only 100 to create $100K profit. Easy money….

Guys, correct me if I am wrong – I am just an recent import! But last time I sat to lessen to Australian law it was stated that:- You cannot own land in Australia, you just purchase 'open ended lease'. You own the right to occupy this block of land indefinitely until it requested back by Government.- You pay rates, that is sort of 'rent' on the…[Read more]

NHG +1I seen 40ft boat at Noosa Heads (QLD) going for just $250K!!! Those in 2006-2007 was sold for $600K. Jetsky half the price, a Bentley recently been sold at the auction for something like $125K! If you like the toys – go and splash out NOW. Staff goes at fraction of the cost, distressed sellers.If you been reasonable before 2008 – now are the…[Read more]

JacM Coming financial armageddon for some reasons getting extended to physical world assets destruction in the minds of some people. The fact is, that as in every past recession/depression there will be little changed for your average person on the street. There will be some degree of shortage of money, jobs and prosperity that was in abundance…[Read more]

I think Freckle comment was a bit too generic, bardon.The reality is, hazard to some is opportunity to profit for others. So, when one see hazard all around, other can see money to be made all round him. This alone can create difference in opinions whether you see trouble or 'rosy' picture.Mine take is that markets worldwide will go thru second…[Read more]

Home prices drop despite rate cut by: LISA ALLEN From: The Australian June 01, 2012 10:47AM AN aggressive interest rate cut failed to halt a 1.4 per cent plunge in capital city residential values in May, according…[Read more]

I will start with asking question: Are you good investor?If yes – anywhere is goodIf no – you gamble, then you must ask yourself: Can I afford to gamble this amount?This may sound like I been a smart *ss, but actually trying to give best known to me answer.

Freckle, agree with you. I work a lot in China. Things are starting going from unpredictably bumpy to consistently negative. Many small/mid size companies doing it hard, while BIG guys are still flat out busy (talking about two speed economy).
Unless world consumption grow next 12 months, China will slow down to another level of gearing – not…[Read more]

Well, we already have well above average levels of stock unsold (RE). I think it is highest point of 15 years?That is mainly generated via low transaction quantities on the market. Any fresh inflow of stock for sale disproportionally increases pressure on sealers. This may trigger cascading price reductions – just another speculation.We had GFC,…[Read more]