iron man

i work on don’t confuse the banks too much and only tell them definates, so if you havn’t made up your mind don’t tell them, personally if you have already put in an application and its approved don’t worry them.

regards westan

hi Samelma

you are not alone in your fruitless search. sadly even 12 months ago these type of propereties were common, but in Australia not now. There are still good buys out there but they require patiance, hard work, good networking and a bit of good fortune.
sorry not to be able to give you too much enthusiasm.
westan

hi Phil

i don’t live in QLD but i’d plan to hold long term. Brisbane should outperform the other Major capital cities so hopefully you will see some capital growth. real wealth in realestate is made by people who never sell. Remember historically the market doubles every 10 years, if this was to continue would it effect your decision to sell?
and Yes if you had any money left over why not pay off the loan those Pounds are worth heaps, it will knock the loan down real quick.
i only ever buy cash positive but if i was going for a Neg. geared property SE QLD would be where my money would go.
Long term- i’d hold, but from now on buy only cash positive properties.
hope this helps
westan

thanks Lazyboy for the report.[8D] especially since it is good news, one further reason to invest in NZ – lower interest rates than Oz.

bye westan

hi matt

that’s great that you are interested in property. and equally pleasing to see you are keen to invest in your own education, well done.
I really don’t think the prices of the types of properties that i would encourage you to buy will drop in value (these properties being cash positive ones). i read a few days ago that 1,000,000 people plan to buy realestate next year ???, so if properties drop they will be snapped up.
Buy well
my advice to you would be look at as many properties as you can before you start buying, this will give you a real feel for a bargain when you see one. Robert Kiyosaki says “the profit is made when you buy not when you sell”, so buy well below the real value.
buy for cash flow and Capital growth also
a person startegy of mine is to find areas that are cash positive and have some economic development that will create jobs or migration to the area as demand will drive up prices even when the rest of the country is in a sidewards market.
buy to add value
finaly if it interests you buy something that is structurally sound but needing cosmetic improvements, ie a coat of paint. if you have time to do it yourself who knows you may add 10,000 in value to the property.
buy to hold
real wealth in realestate is made by those who hold long term so never/rarely sell.
hope this helps you, where are you considering to buy, and where do you live now?
one other consideration, use the 7,000 First home owners grant, consider living in the house and fix it up as you are.
regards westan

Hi mini
i’ve got a house i want to sell in hamilton, can you help?[]
regards Westan

hi lazyboy

thanks for the comment about rates in NZ, yes still intereted in “W” in particular and also “h” between them.
regards westan

Top idea Sooshi, i’d even go so far as to say Steve can Pay for the night[]

Lets have a party anyway.

westan

hi SIS

gee Elders are getting high Tech aren’t they.[]
a bit of an improvement from a few years ago when they first took over the contract to sell them, i’m still annoyed, i (with some other investors)wanted to buy a whole street (10 pairs) in Millicent for about 42K a pair, the deal fell over because the agent at Elders was incompetant, never mind, those properties less than 2 yrs later are now selling for over 110k a pair.[]
regards westan