Forum Replies Created
hi guys heres some more
muppet you could understand me because i practiced on these ones.
Iggs Ecktly – precisely
One Doz – a well know computer program
Beard – a place to sleep
Ear – mix of nitrogen and oxygen
Ever cardeau – advocado
inner me- enemy
Ken’s – Cairns
bye[
]hi Richardo
sorry i forgot to answer part of your question Richardo
“It is a bit dissapointing to receive confirmation of lack of +Geared Properties in Vic. I wonder why that is?”i think there are many reasons why there is a lack of pos properties as compared to a few years ago. sorry you get my long answer
1st the market was way under valued.
a few years ago there were cash positive properties all over the place. One of the reasons was that the rural areas were depressed because of the city focus of the Kennet state government, it is only if you lived in the country you could see how he killed rural Vic at the expense of a vibrant Melbourne.
Secondly the State Govt (not just Vic) was selling of there state houses. For example in the Latrobe Valley the govt sold off 100’s of houses. could you imagine what that does to a market, yes prices crashed as supply outstripped demand. in some towns like Morwell they dropped 30%(supply/demand is fundamentaly what causes the market increases and decreases). i remember in Moe they were selling off 10 houses, a friend went to the auction (i could have bought some but my wife said “no not Moe” it was around the time of Jaiden Leisly’s death). anyway the 3brm homes got passed in at $21k each so my friend bought them all after auction for $19k each. (Yes the Gov’t really did that). today 6yrs later they sell for over 90k
2. the renewed interest in property
it has been a worldwide phenomonon (i can spell[xx(]). the interest in realestate rose as baby boomers all over the planet suddenly discover what others had know for years “wealth creation”.
3. another reason the lack of properties is because people such as steve Mckight and robert Kiyosaki have promoted the idea of cash positive properties, suddenly investors from the city stated to look outside the CBD. there is so much investor interest today demand outstips supply, slowley seller started to raise there expectations and prices rose while rents only rose slightly.
3.the first home owners Grant
when the fHOG came in suddenly there was a huge interest in the lower end of the market (where cash positive are found), Thousands of australian’s became home owners and the stock of cheap home disappeared.that’s enough of my thoughts for now, if anyone is still awake and they want to add their thought that would be great.[
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regards westanLOL
perhaps George and Co they have offices everywhere, but they aren’t all that popular with the locals. and drive in your own car to inspect a property rather than in one of their company vehicles.George and co are an up and comming outfit they hope to have offices all over the world, their marketing plan is, how could i put it “aggressive”. Recently opened offices in Afganistan and i believe syria or North Korea as soon as their office in Iraq are running smothly
bye westan.[]hi simon
i’ve just bought in this area and have tenants lined up, it is a lovely couple who i’m sure will maintain the home well. i hope to call in and visit my tenants Osama and sadam when i’m next in town.
westan[]sooshi
yes i know what you mean[}
]i was asked to put in an offer because there were multiples and when i did, the agent rang and said i’d had my offer accepted, the next day he rang and said there was a mistake and i didn’t get it.[
], obviously i’ve never deal with them since, thanks you just reminded me i’ll email them and remind them what happened and then tell them how many house i’ve bought (not through them).[]
bye westanhi matt
i haven’t had this problem before. it would be better if they found the nest i would think then you can destroy the problem. i’d probably ask for a reduction in the price. be completely honest with the seller and tell them how much it will cost to fix the problem. Termites are always a worry i believe they can travel 100’s of meters and pop up and eat your house (yummy)[
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westanhey guy’s
do we loose a number if our post is deleated? []
this reminds me where the heck is Muppet?
regards westanhi guys
i don’t think anyone would argue that the market isn’t going to cool, we have all been saying it for ages (sunshine, long before Bill arrived in Sept)[
]. i chose not to buy in Melb in 2002 because i wrongly thought that was the top of the market[], it is the healthiest thing for the market to stop catch its breath it may take 5 years, but do you sell now that is the question, Sunshine where i disagree with your Mentor Bill is his push to sell, generally speaking you should not sell. its not the stockmarket where it is very cheap to move in and out. with property you have stamp duty, etc if you sell now you would have to hope the market had a very large downturn to get back in. The important question is where will the prices be long term, history shows that the market doubles every 10 years here in Oz. with our continual growth in immigration etc demand for housing will continue. if you sell your IP now will you be regreting it in 10 yrs time? if you can afford to keep your property/s do so. personally i have a large exposure to property so im playing it safe and reduced my holding (i have sold about 13 properties in the past 5 months, but i’m still happy to hold many others)
westan
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], obviously i’ve never deal with them since, thanks you just reminded me i’ll email them and remind them what happened and then tell them how many house i’ve bought (not through them).[
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