Hi Richmond

i’ll turn it over.

i’m glad to hear you haven’t started yet with the new job.
Because the other day you posted at about 6.02. i thought boy that’s not real good posting in the middle of your new show? all the best with your new roll.

by the way what a fantastic football report[], perfect diction (can’t spell eleqution) i’m sure…[Read more]

dram

a great game by you guys also. i had you written off at the 20 min mark in the 2nd quarter. thought you were going to get killed.
i must admitt i love to see those Adelaide teams loose[]

westan

hi Native

i agree with leigh.

the problem with Financial advisors is they don’t even do a unit on property investing in their studies. you have to realize that 90% (guess) of them make there money from selling products to you. read this forum for a day and you will know more about property than most of them.
How many financial advisors do you…[Read more]

Leigh thanks for the contibutions to the prize.
yes its good i found the forum, now i’am afraid if i leave i’ll end up with number 6.[]
this late night forum is the best contraceptive i’ve found. i think even the Pope would approve (not that i’m catholic even if the kids numbers looks that way).

regards westan

hi Guys

muppett
maybe you were going to say
“ants- the sort that eat your house” i love that quote from someone on the forum it’s a classic[]

Mini and Muppet
what do you pay per year for insurance?
regards westan

Hi Gocats
Agent fees usually 7 or 8% for 1 property. i’d rather chase a good manager and pay an extra $2 per week than look for athe cheapest, if they do a good job they can be worth there weight….

Re the finance

a challenge to all you Brokers, can you beat this deal on finance. i don’t get return calls when i ask them to call me if they can…[Read more]

hi Rod

yes i agree with your concerns. as you were writting your second post i was writting my response so i didn’t see it.
the idea of hundreds of newbies does frill me but if we can help then that is good.
i suppose that if people are foolish enough to race out and buy a cheap house they do less damage to themselves than buying a $300,000 unit…[Read more]

Hi guys
Some general comments about going 1/2’s in properties.
When getting finance you still have to gaurantee the full loan amount.
If the other party does the wrong thing you could be caught. If that is not a concern then what about if someone wants out, best to have a pre written up exit clause.
Finally when you go to buy new properties the…[Read more]

Hi Rod and Richmond
i think steve deserves all the publicity he can get. It will help with book sales and future ventures.

Steve is one of the few guys out there that have actually already done what they are telling others to do. There are so many frauds out there. At least if they hear steves message it will save some people getting caught in…[Read more]

Hi Gocat

if you can get it for 45k plus reno’s that brings it up to 50k
to me it just makes it.
if you refinance it after the work and put 20% finance on 42k at 5.65% interest is 47pw
rates/ water/ insurance / agent 33pw
total 80pw
rent 110pw profit 30pw
But
the small town could be a concern
1. check out if you…[Read more]

hi all

personally i wouldn’t even buy a property returning 7% it will cost me money. i’m buying properties that are returning at least 25% return on Investment. Capital appreciation which will happen is a nice bonus.
Crashy i mentioned to you about IGO, well the option continue to boom from 21 c a month ago, now 43c, a nice profit so far. Look…[Read more]

hi Viralk

i want to stress my warning to you some areas of hobart are real bad.

let me tell you how bad
Rokeby they had to rent houses to the police for $1 a week to encourage them to live there in the hope it would help the area
Clarendonvale the police station was burnt down and never reopened.
some insuance companies wont even give you an…[Read more]

Hi skalle

no its only for Victoria.

i’ve just done some research
you can buy this book for a special $10.95, it must mean the new one is about to come out.
check this link, (i’m still happy to scan and email pages.) but it is a handy book to have for victorians. Might start a new post telling people…[Read more]

hi guys

wayne you have guessed right Median in Toorak (most expensive sub in Vic) went from 595k in 1991 to 490k in 1993 but rebounded the following year.
There is a book
“a guide to Property Values” put out by the valuer general. It’s a little behind the times but its updated every year. Costs about $60. available from Landata (DNRE) ph 03…[Read more]

Hi Viralk

the last thing you want is a property that will cause you problems.
The idea is the aquire properties that will make cash not buy empty (unletable properties).

I have owned a house in a similiar area of Tas (clarendon Vale), some areas of Tas are real bad. This property caused me more issues than all the rest combined (i owned 10 at…[Read more]

Hi Patricia

one comment is your concerns for capital growth. Whilst usually the capital cities out perform the rest of the country, over the past 12 months this has not been the case. The cregional cities and towns are booming (at least in my part of the world Vic, SA and Tas). The capital growth has been better than Sydney, Melbourne and…[Read more]

hi suzieq

as far as the hearth goes (without looking at it) i wouldn’t be too concerned a lot of homes have hearths, i’ve never heard of anyone getting sued. Also you insurance (public liability) should cover the unfortunate event.

as far as the stumps go.
It depends on the job needed. If the whole house needs restumping it could be expensive…[Read more]

Hey Guy’s, sorry Ladies

whats the big deal about Nhill ?

Nice town and all but, i wouldn’t be driving across the state expecting to find heaps of bargains?
and if there is one you shouldn’t be putting posts like this on the forum. I know this guy who used to post where he was buying all the time now he keeps it very quiet.[]
Anyway good luck,…[Read more]

hi brent can’t help with all you are after but here is a start
Melbourne prices (median)
1985 75k
1986 82k
87 89k
88 109k
89 132k
90 131k
91 127k
92 125k
93 126k
94 130k
95 129k
96 131k
97 142k
98 155k
99 174k
2000 190k
2001 220k
2002 237k Prelim figures
So as you can see the last boom ended in 1989 then…[Read more]

hi enjoylady

welcome back

it’s hard to keep track of so many new people. But its good to here from you.

regards westan
(i’m a new oldie)