Recent content by Land

What makes me think it will rise 3%? Because if it doesn't over the long term, housing is getting cheaper and cheaper in real terms because it's not keeping up with inflation (which is sometimes 2%, other times 4%, but I'm just going with the RBA's preferred rate of inflation for the purposes of...

Wow - what a mixture of opinions! Don't get me wrong, I'll be looking around for our next IP as soon as the first home buyers grant dies, because I know I can find a neutral/positive geared property which will cost us virtually nothing to hold and even if its $500K and goes up 3% a year...

Sorry -you're right, the multiple doesn't change. That's embarrasing, I should have used the calculator before posting that..... You think inflation is really 10%? Care to explain? That would mean property doubling every 7 years! Also, I think yieldmatters is starting to rub off because...

Ausprop - this is something I've had trouble getting my head around: Assume inflation is 3%. If a wage of ay $50,000 grows at 3% and a property valued at $500,000 also grows at 3%, over time the multiple/gap between the wage and the property value will grow and grow. So if wages and...

Hi all, I've traditionally been very bullish with my property growth expectations. We've just finished a dual occupancy development and in the process of refinancing so that we've got equity to re-invest again, and I've been doing a lot of thinking. I'm not sure that I'm convinced that...

More photos More photos....

It's not over till the fat lady sings Thanks for all the comments guys, it's been a surprisingly hard slog and it's hard to pass that experience onto others, you kinda just need to go through it yourself to understand. Well - it's not over till the fat lady sings! Yesterday the builder asked...

Thanks Ozperp! It's nice to get some positive feedback on the blue, we have tried to make all the colours fairly neautral i.e. white kitchen, white ceasarstone benchtops, grey floor tiles, white walls etc. So we were a little surprised with the blue render, but I think it looks nice, although...

Nearly finished! Hi ya-all, It's been a very long time since I've posted anything about our development, but that's because it's taken a verrrrrry long time to finish. As it stands, we are now around 2 weeks from finishing, which means the total build has taken around 9 months. The...

You don't seriously beleive that the housing market is no different to the stockmarket do you??! How about the fact that 70% is owner occupied, and of those, approximately half don't have any debt. The housing market is a completely different beast.....

Excellent post tocaro! That was without a doubt th emost sound and valid post I have ever read on SS. Thankyou Tocaro!

My valuation last week was perfect!!! Hi all, I seem to be getting a much better deal from the CBA for our dual occupancy. We bought the land in March with a crappy house on it, with a standard investment loan, as if we going to put a tenant in the house. Just spent 6 months getting...

We're still here... Don't worry LA - we're still here (although I am probably not a fully fledged Group 1 yet - but on my way). The rest of us are looking on with great amusement, shrug, and go and get on with doing another deal! It's really quite hilarious! I don't really know exactly...

Hi Steve, yeah, definitely the family market. Panania is to the south of Bankstown, about 15kms or so from the CBD and right in the middle of suburbia. I actually think it's pretty undervalued compared to many parts of Sydney which are that close to the CBD. You can do a dual occupancy...

Yes, that's right. 4 bedrooms upstairs for both, plus a HUGE walk in linen cupboard, and ensuite for balcony for main bedrooms. We have gone for 2.7m ceiling heights in the ground floor as well, with down lights through, ducted air con and remote panel lift garage doors. It's quite...