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I just sold a property a few days ago in metropolitan melbourne.
I reckon I got a price similar to 6 months ago. So maybe i experienced a drop of 1%. Still not too bad.
So I feel in this instance REIV has better data.
I understand APM only report auction results whereas REIV also has private sales. I dont think APM has access to private sales. But I dont know for sure.
My only advice would be to get them out ASAP.
Dont get hisheartened and give property investing away – get a property manager to look after it in future.Or review your application processes and see where you may have gone wrong.
I always use a property manager – for the reasons you are now experiencing.
Mobile Mortgage said
<<<<I believe Steve has every right to try and recoup some of the overheads incurred from the running of this site.>>>>
Bottom Line – I agree. Its a competetive market and Leonie wont have it all her way, but in the first instance she may get the inquiries. But needs to perform to keep people happy.
Good luck with it Steve.
I dont even know who Leonie is. She has not shown any good will to this forum from what I can gather.
If I needed the services of a mortgage broker I would probably look for someone from this forum who I respect and has a good track record of posts.
I just dont believe is using someone else to buy properties on your behalf.
If your interested in property investing, do some research, buy close to home, see your accountant for advice eventhough he/she charges you.
If you dont have the confidence in buying your own properties look at property trusts. You get the benefits of property and they are managed by experts.
i cant think – your yelling…….
Either way – do what you can afford and its time in the market that makes successful property investors.
I wish i could be a millionare before St Kilda, Essendon or Brisbane win the flag.
I reckon all people on this forum will be a millionaire before Adelaide or Port Adelaide or even Richmond for that matter win a flag.
Maybe those inner city apartments are then worth the money they are selling for!!!!! But I douubt it……
You writing for Michael Moore now. I know he is concerned about oil running out. I really dont know.
Scremin Mobile Mortgage Geronimo
<<<What year was your tour of duty?>>>>I was there late eighties early nineties. My first 12 months was in Bayswater and the next 18 months was in Tooting Broadway (bottom of Northern line).
At one stage we had close to 15 people. About 4 dossing in lounge and another 4 dossing in the backyard in a camper van. I had my own room with the closet in the hallway.
The parties we had were great. Too old for that stuff now. The kiwis were mainly from down South – Gore or something like that. The carpet was always soaked after each party. We live accross the road from the pub so after it closed we always went back to our house.
I recall at one stage we had the coppers knocking on our door. They said there was a drug dealer in our street and they were in the process of watching his place and were wondering if they could use our place as a base as they noticed there were so many people coming and going from our place. So for a day or two we had these coppers using our bedroom to watch the dealer over the road.
I had a work meeting in London last year and the place has not changed. It seemed the same as it was 15 yrs ago.
Welcome to property investing. Imagine how much fun it would be if you did not attend to the place and property manager in person.
Thats why I dont like rural dog boxes far away from home.
I prefer to attend to those things on my weekend and keep my holidays for major renovations or sightseeing and relaxing trips.
It sounds like teething problems after just purchasing a place – is that correct?
Most renters dont view properties while tenants are in there. I have never had a success where renters have wanted my place while there is a tenant in there.
Get a degree????? Yes. Let me recount an experience of mine.
As an accountant I went off for a job interview. Going down the resume – degree yes, experience yes….Ah so you play aussie rules for !!!!!! Our kids play for XXXXXX. We discussed this for the next 20 mins and got the job offer the next day.
Did the degree help – well it got me into the interview. Did all applicants have degrees – Yes. Was having a degree the reason for the getting the job. No. There are many are factors important in gaining a highly paid position.
A degree gets you in the door but experience, interpersonal skills etc help as well.
Hi
I lived at home till mid twenties, spent 2-3 yrs living in a shoe box in London with a household full of kiwis and aussies. On my return home rented for 18 months then decided I wanted my own pad.
Why dont you – after the first agency agreement expires, put your own sign up and wait for the guy interested in your property to contact you.
I act on Both.
For Fundamentals – I look for time in the market (Jan Somers) so I fix my loans for 5 yrs so I know I can retain the property. I also look for areas with growth close to home that I beleive are undervalued ie. gut feeling.
As for the future. Not sure how much lower things will go – but I believe properties are overvalued compared to averages wages. So for every interest rate increase I see property slowing or going down a bit and for every wage rise I hear about I cheer as this is what supports property prices.
Can you post a few? I would to see what they say?
I read a similar article in todays Financial Review
<<<the amount you can claim on each income is calculated on the percentage of ownership on the title for each individual.>>>
Thats my understanding.
I would call the agent to get them to removce it within 2-3 days – otherwise tell them you will knock it down.
That ususally gets them onto it. They love the advertising and dont care how long its there.
My Accountant.
And I have a few real estate agents I discuss matters with. And some family friends.
This forum and Books have confirmed what I initially thought.
Gurus are nothing to me.
