Recent content by barney8

  1. B

    Properties that have dropped 20-50% over the years

    Its not me, but I think anyone who happened to own flood prone property in Brisbane! But no, I have seen people pay well over the odds a number of times at Auction in the last 6 years. HUGE numbers and I know they would still be losing money today. Yield would still be crumby and they would...
  2. B

    Ripple effect - how to calculate the affordable price ?

    No, its about relative value of neighbouring suburbs. Tends to be from CBDs outwards. you can use google to find a pretty good write up. http://finance.ninemsn.com.au/pfproperty/investing/8122784/residential-property-ripple-effect A house isn't cheap if its miles from nowhere.(places...
  3. B

    how to work out where to buy...

    Evan's advice sounds pretty sound. I would add a bearish precaution, that no matter what buying property leverages you up into an asset which is not very liquid and that would be my current concern. "You should always buy quality assets that are cheap." Ask yourself if its property, is...
  4. B

    Buying Off the plan Alexandria

    decent 2 bed places are very hard to find under 600K anywhere inner sydney. I think there is a market for them. Not all singles/couples want just one bedroom. Some want a guest room, some a decent study etc. Parking is and will always be highly valuable. the only place I would forgo it...
  5. B

    Anyone lives in Narwee Sydney NSW?

    Not a resident, but I think it would be ok. Beverly Hills is a good spot. If in doubt, why don't you simply rent there for a while? Seriously if its for a PPOR, its not going to kill you to actually road test the place out first before making a big commitment and buying. Rarely will...
  6. B

    Biggest Regret

    I take this is in a property context. Biggest regret: Not saving/working before study so I could have bought into the housing boom prior to 2000. Sat at uni studying instead whilst perhaps a once in a lifetime opportunity went by. I almost had the tail end of it graduating...wanted a...
  7. B

    Apartment boom headed for Sydney?

    The middle floor is often cooler/better naturally insulated. Top floor usually ask a premium except when you have flight path problems...then AVOID. Bottom floor are security risks(unless elevated ~ eg if parking is bottom floor). Courtyards attract a premium because people see...
  8. B

    Homes officially out of reach for under 35's

    Exactly, we should have more freedom to do as we please with out housing blocks(within a little reason obviously). Current state, it is ridiculous. I know of a council in Sydney, about 10kms out of the CBD which increased its minimum block size for a dual occupancy recently from 650 I think to...
  9. B

    Sydney: North of the Bridge, circa 400k. Bad Idea?

    I think its a decent strategy because its what I have done since 2007.(not lower north shore, but inner west) Buy a low strata, older 1 bedroom apartment with parking. Ideally in a small block. Do some basic renovations and live in it. I have done that and its earnt me about 60-80K in...
  10. B

    sub 600K house in Sydney?

    Thanks Jacque. re: Housing commision streets. Whats the best way of identifying them? (without living in an area for an extended period). Any idea how you can get inside info as to when the dept of housing wants to sell up housing commision houses?(ie so there is a bit of gentrification on...
  11. B

    Sydney Suburbs

    Gnome, I think you have already found your best bet in Padstow. Hits nearly all your criteria. Or try Revesby if you can get a flat there that is.(not many). Perhaps you could find a cheap duplex/townhouse? 2 bedroom villa...
  12. B

    Can expensive houses ever work as a profitable investment?

    I'd probably add, that if I could afford an expensive house, I would make it my PPOR. No way I would want to be paying land tax on that sucker.
  13. B

    Homes officially out of reach for under 35's

    I definetly think that councils need a big over haul in Australia. Quite simply we should be allowed to duplex/townhouse/granny flat/small block of flats build a lot cheaper than we currently can. Land use is way to strict and min block sizes need reducing in many council areas.(IMO)...
  14. B

    Can expensive houses ever work as a profitable investment?

    Top of the tree (residential): There was an article in the Sydney Morning Herald yesterday I think about the property developer turned accused murderer. He owns a mansion in Wosley Rd, Vaucluse ~ Australias most expensive street. Listed on the market originally at $55 Million, now apparently...
  15. B

    sub 600K house in Sydney?

    2 or 3. but i'd trade out land size. not really the price range to consider DAs for duplexes/GF/etc. I might check out Rhodes. thanks. One thing about the Sydney market is that there is literally hardly any stock, you have to be so fast on your feet to secure a decent property when you...
Back
Top