Forum Replies Created
“I will sit tight for next 6-12 months.”
Do you mean you’re not intending to buy more property for that period?
Yes – I am going to sit tight and see how interest rates in the US go over the next 12 months.
Surely you keep an eye on the market and would snap up a CF +ve bargain if you found it?
In the markets I invest in – CF +ve is hard to find. I only want to invest my time and money in properties near where I live. I prefer growth properties so I am not interested in rural properties. So whats the use of having a rural ve+ property now but becomes neutral or ve- in 5 years time as interest rates hit their norm.
I dont believe we can sustain rural or regional property values in the medium to long term They may have been worth it 5 yrs ago but not now. Thats why Westan and McKnight have sold properties. Why else would they sell ve+ properties.
My thoughts on Jenman.
Is he a #%%3%? I don’t believe so – but he is not squeaky clean either.
Let me preface with my experiences.
1. I have sold via auction?
2. I have also read the book ‘Don’t sign Anything’ Its my little bible on selling and dealing with estate agents.
3. I often read all his articles and refer to his web site often.
4. I sold a property a few weeks ago. It was not a Jenman agent but I did hassle the agent a lot and the only advertising was for a sign and entry in realestate.com.au.What I agree about Jenman!!!
1. Auctions – they do get second best price. The highest bidder is usually prepared to pay more. Auctions also insist an advertising campaign is paid for by the vendor even if the property does not sell. Auctions are also VERY stressful for the vendor. Immense pressure is placed on the vendor to accept a lower price. Once a vendor is signed for an auction over the coming weeks the vendor is conditioned into accepting a lower price as the agents says there has not been as much interest as we first thought. On the day of the auction your usually prepared to accept a lower price than initially told.
2. Open for inspections/Conditioning – Open for inspections help condition people. People just have a look even if that property was not what they were looking for. An agent tells the vendor we had 10 people go through. Noone was interested. It makes the vendor feel bad. But in fact maybe only 1 person was really serious about buying a property anyway.
3. Advertising – is a waste. Advertising does not attract buyers. If a buyer wants to buy they go visit estate agents and drive the streets in the area. They leave their details. Serious buyers find the properties available.
4. Courses/Gurus – I like the work he is doing here. Many people pay a lot for a holy grail that does not exist. At least the public is more aware of these gurus eventhough it gets his head on TV etc.What I don’t like about Jenman
1. Recent Conditioning – many articles of late have been the market going down and prices in 6 months will be lower than now. That makes it easier for his agents to sell properties when people are conditioned that prices will be lower in 6 months.
2. He is marketing his group of agents. That’s his bread and butter. All else is incidental. He does crusade for consumer rights. I hope he continues.
3. Bias towards REIV Enzo Raimondo. All state REI presidents are the same and operate the same. Yet poor Enzo seems to get more personal attacks. Maybe he deserves them – I don’t know. But he does cop more – more than the REINSW president.So overall I agree with his work at present. He is trying to make the public aware of real estate practices and get rich quick gurus.
I would try a landscaper in the first instance. Maybe a plumber may be able to help as well.
MA – me too.
MA – we all got families to go home too.
i like the idea of a chat room. sure there may be arguments but nothing would be saved so those not on the forum at the time would see it anyway. How about a chat room for say 2-3 hrs a day like in the evenings.
it would certainly get people onto the web site.
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[sealed] Me Too
MA – I am all tired out to argue my point further. My bottom line is that there is an election and governments have limited budgets and need to get the best bang for its buck. As most people have decided to have families they have tried to assist them.
Is that good or bad? – I dont know or care. I have gladly banked the money and my wife has bought a sewing machine with some of the proceeds.
I am appreciative the government has made my life a little easier with this pleasant surprise.
Yes – we all make CHOICES. So too does a government. So who should the government spend resources on? Those who need to educate their kids or yuppies who eat out 3-4 times a week.
The Mortgage advisor – Yes I am. When you and I are in a nursing home, my two kids will be contributing to the economy.
The Baby bonus is just another way to help the economy by easing the burden of those that contribute most (by way of expenditure) to the economy.
Do you have to pay it back if you end up earning more than $93k. I did not ask for it – it just arrived in the mail. Maybe its based on last years income. We usually get the family tax benefit when I lodge my tax return. Maybe it gets deducted then? Who knows – does not worry me too much.
My wife does not work. Its a full time job looking after a 3 and 4 yr old. Its mostly walking between kinder and home most days. Its tough looking after young kids. Trying to occupy them can be tough at times. But you do have some great times. Every morning our son gets up 10-15 mins before we do without fail so he can have a cuddle before we all get up.
Having kids contributes to the economy BIG TIME. Just think of the expenditure involved in raising kids – education, food, clothing, accomodation, toys, holidays, sports etc.
I look at how I and my friends with kids all struggle to make ends meet then I look at my friend who has no kids. They have just moved into a $1m house in Hawthorn. They both work long hours in well paid jobs.
Sure its a great house but nothing compares to coming home and the kids run to the door and say Daddy’s home and they give me a big hug. When they get older I am looking forward to the special days we spend as a family.
Having a latte in Chapel St is nothing compared to having a family birthday where the whole family is together. There is that special feeling money and long hours cannot buy.
Thats the feeling I get with my brother, sister, parents and brother/sister in laws. Thats what I hope I get too with my kids.
Do a search under Gurus – I am sure the investors club has been discussed before many times. I have even offered my opinion. Read their stuff and attend a few seminars but Do it yourself.
I dont believe you are paying market prices when you buy from marketers on behalf of developers.
You tend to pay more than market price.
Why dont you get it JetDollars? We got it! Is it supposed to be means tested or not?
We just get our family tax benefit with our annual tax return.
Yeah we got our cheque a few days ago. So the two kids have now bought Mum a sewing Machine for around $400. Then we are off to see Shrek II. The rest goes towards our trip to Canada later in the year.
Sounds extremely risky to me. Why now a sudden interest in this web site?
I dont think it makes much difference. My PPOR is on an irregular shaped block. The only down side is that my backyard is a little smaller than the neighbours.
<<<<ps Yack + Monopoly, what are your thoughts on the Mitcham Frankston Freeway and it’s likely impact on prices down the Peninsula/Frankston neck of the woods?>>>>
I reckon it will have a positive effect. I grew up with the Sam Newman attitude that Frankston was a dump and you can imagine my thoughts when my parents decided to relocate while I was at Uni.
I like frankston very much now. With all the infrastructure going on and its proximity to the beach and peninsula it will become increasingly popular. Frankston could become a city on its own if its not one already. Retirees on he peninsula will come to Frankston for shopping, entertainment and other services eg Health/Hsopital.
With the train already there (its been there before I was born) and with the improved access to the Eastern Surburbs prices should keep going up.
I prefer Frankston to Cranbourne or Dandenong. The beach/bay aspect does it for me. Its close to Mt Eliza so you have the good schools too. Its even got a Monash University campus. I still think the beach aspect of Frankston still has much to be done eg. Marina and I believe one day it will be like the St Kilda of the peninsula ie. people from all parts of Melbourne will go there for a day drive.
I dont think prices have fallen in Franskton at the moment, well not in Sth Frankston anyway. And there is not that much on the market.
So with improved road infrastructure I believe frankston and the peninsula will only attract more interest.
The only downside is that the Peninsula may become an outer surburb of Melbourne and not have that holiday feel so much. Some people may start to commute from the peninsula if they dont already. My brother was living in Rosebud and driving to Boronia – so its possible. Its the same time from Mentone to city by car. The new road will only improve the time from Rosebud to Boronia.
Anyway – their my thoughts.
I sold a 2 bed unit last week and achieved a price I would have expected 6 months ago. It was in surburban Melbourne.
As for the higher priced properties in the area – I believe they have come down a bit (5-10%).
