Recent content by WallyB

TMan the knock on North Parra is probably the heavy commercial activity in the area more than the lack of transport. Although suburbs with a train station are at a premium due to fuel prices- surely u don't need to live on top of a station to benefit. North Parra has heaps of feeder buses...

May be worth giving CGU a call- is it a rental?

6 leases 3 IP's 1.6M equity Lots yet 2 learn

LB given the number of false starts on NW rail projects I'll vote rumour

Great sentiment- may I ask what you're doing for pensioners currently??

Depend on your time frames. A third option could be "almost don't care"- I have at least a 5 year frame so 12 months my equity going south may not matter if the fundamentals long term are sound

Hey all against my better judgement :rolleyes: just watched 60 minutes piece on sub prime crisis, potential oz impact etc Kellyville (NW syd) was mentioned and "houses going for 900K's a few years ago are now in the 500K's"- I realise it's a softish market but surely these figures would be...

Hi Pom my understanding is as follows: Q1 If it's your only property u can avoid the CGT if held less than 6 years. This was a rule bought in to protect diplomats but we can all enjoy Q2 It's the pupose of the loan than determines if it's deductible. Any loan for a new PPOR won't be...

John Edwards from Residex was recently quized on prospects for sunny coast. I thought the reply was interesting it was along the lines of the area not having the greatest infrastructure however the high tourism numbers ensure a large volume of people "window shop" resi property in the area.

JIT I'm around 2.6% currently For any of the pollsters in the bottom (top) category >20%- I'd be interested in your numbers as I can't see a likely scenario in current Oz market where you'd have those sort of figures :o

Mackay and Gladstone are similar from a point of view of lots of mining $$ but enough diversity (Gladstone- heavy industry/ Mky- Sugar, Tourism,etc) to hold prices during the low points of the cycle High end of Mky is interesting- for a 2 bedroom unit >$1M I'd tend towards the stock...

Hi Kim in my notes from the Investor Direct seminar the actuarial data from Residex predicts ~ 9% growth for Perth over the next few years. John Edwards rates Perth as a 1 trick pony (heavily dependant on resource boom)and factoring this and the huge increase in prices over there he doesn't...

HK unsure whether the statement about inner suburbs having the higher growth hold up to the data. The long tem CG's for boondocks suburbs like Penrith 9.7% (10 yrs to Dec '07), Blacktown 8.8%, Campbelltown 7.6% etc isn't too shabby. API mag had a decent article regarding this recently- from...

Gato to improve servicability proof: - any benefits from work ie bonus' - wife/ partners' income - reduce- temporarily- limits on credit cards and proof they are auto paid off monthly These depend on lender's criteria of course Good luck

My sister just bought in Moorooka for ~670K- 3 bedroom brick with city views. Moorooka's a great leafy suburb just be careful of: - some of the nicer areas around Mayfield road are zoned for higher density and some units are already appearing - definate increase in Sudanase population -...