Recent content by Giddyup

Hi All, I'm after a property manager for a property in Pascoe Vale. Any recommendations? I'm not a fan of picking this sort of thing without any recommendations. Cheers.

Reclaimed sewage ponds. I wouldnt say they got West lakes 'right'... unless you like Cadmium and other heavy metals in your backyard...

Are you the desperate to build your own house? Melton will be hit harder than most areas with the property down turn because the rental vacancy right has gone from 3% to almost 12% in a year. There will be some investors that will be offloads 2 - 3 year properties at a discount. Buy something...

Well the planning minister has scrapped Melbourne 2030 anyway... but I think that Footscray and surrounds are still marked for development.

You should know its a bad time to sell. I'll give you 20% less than whatever you are asking for, and thats generous. If you're offended by that statement, get used to it, you'll probably be hearing it a lot when you put your place on the market.

Just wondering where the wave is?? You could also ride the decrease in capital gain in the next 3 - 5 years down the toilet.

And then this is published straight after the HIA article: Property supply is expected to outstrip demand for some time. http://theage.domain.com.au/real-estate-news/market-not-warming-up-just-yet-20110829-1jh3x.html?posted=successful#makeComment Thats a bit more realistic...

And just to update the numbers I used earlier. RP data just released the data for July... 1.4% decrease for just the month of July. Looks like my prediction of 3 % was way too optimistic. Melbourne has dropped 3.4% already this year, and its still August, with no sign of any improvement. I...

You really want to buy in Melbourne now? Price in a (at best, it could be worse) 3% price drop for the next year or two... thats $170/wk down the toilet for a $300k property. Add 7% loan, another $400/wk in interest down the toilet. If you are going to live in it then you might save...

Wait for 12 months. You'll be glad you did. The way the prices are going you will have save ~10% by waiting. This is definitely the wrong time to be rushing into property in Melbourne.

Well done. You made money over the past few years when the market was booming. Slapping some paint around on a property and selling it at a huge profit is a thing of the past. The Block was just an example of this.

You should buy immediately, otherwise you never will be able to afford property... I just happen to have a property for sale... you should buy mine quickly before the market goes up :D

So now is a great time to buy... 6 months into 5 years (probably longer this time round) of zero to negative growth. Yeah right.

You bought a hole in a swamp. Your house will sink into the ground and disappear. If you believe everything you get off the net, you will probably believe the last two sentences.

And as an antidote to articles written by people that have a vested interested in propping up the market, here's an article that is based on real data. "With home values down in all capital cities but Sydney over the past 12-months, the consensus view has shifted from an expectation of solid...