Wouldn’t this make investing easier i.e properties cheaper. If you view the asset class for what it is, namely a long-term investment, wouldn’t now be a great time to increase your portfolio? I try to do exactly the opposite of what the papers tell you, and to be quite honest it seems to work.

As property goes out of favour they will become more prevalent. The key to finding them is to eliminate the internet all together and get in contact with agents in your chosen region. I invite real estate agents to lunch frequently to get their insights and secure deals.

I performed my feasibility on the region with the tools I have at my disposal at work. I’d send it to you, but the guy who commissioned us to do it paid in excess of 10k so can’t release. If your doing small scale stuff it might be OK, maybe “Shit hole” was a little harsh. I actually personally didn’t mind the area.

As a property guru, wouldn’t you be able to predict hotspots without the aid of residex or other tools?

The answer lies in white paint

I think the two of them are pretty similar, basically useless…
I think the time has come for the government to support investors instead of flogging them. Property taxes, especially those seen in NSw are completely useless and serve only to fund the Government’s many short comings. I personally don’t think anyone should even run for government unless they have a very sound business record i.e have run a business at a profit.

Anubis,

could you recommend an alternative i.e an area that all the newbies who ask “Where” to find positively geared property go start searching? Clearly noone ever answers the pleas of these people to isolate areas that may indeed show positive cashflow properties.

What are you advertising? Do you want properties for these people?

We were looking at a sight around there fairly recently. It failed our feasibility, hence I’d probably say its a shit hole. Depends on your scale though I guess. Have you developed before? How will your property be different to the 40,000 odd other houses that will flood that market.

Really depends on your level of affordability. The best advise I could offer would be not to over extend yourself. Getting rich takes time, no matter who you are. Look at the current time in the market:
2 more years of flat
1 yr of slowish growth
1 yr of price growth (could be very high)
1 yr regulation