Recent content by tk79

  1. T

    UK Market to Fall?

    Personally i cant see house prices performing even in London in the near future. Most people wont be willing to make any major financial commitments. This is realted to the new government's austerity measures which will result in a sizeable increase in unemployment. Most people with a job can...
  2. T

    UK Market to Fall?

    Im based in london atm, read an interesting article a few days ago. It related to the fact that the higher end properties >£1m in the posh areas of london took an absolute beating the last couple of years but these same properties are showing faster growth than mid and low end properties. London...
  3. T

    To sell or to hold - need advice

    @Graemsay - You bring up some good points. Also i only want to put down around £25k - £30k in an investment. The current rates dont look so good unless you have deposit >20%. Can I get a CF+ property, even factoring in void periods (say one or two months empty a year), management fees...
  4. T

    To sell or to hold - need advice

    Hi Graemsay thanks for your opinions. As a general rule i only tend to buy in areas that i am familiar with. At the moment i could afford a 2 bed semi detached victorian in a central area. The area that i like is Clapham common/Claphman junction. I read somewhere that clapham has the highest...
  5. T

    To sell or to hold - need advice

    Thanks for the replies and advice everyone. I am definitely leaning more towards the option of holding the canberra properties. It will just mean i might have to downgrade my residential home in sydney (my wife wont enjoy hearing that ;) ). Also the more research i do into the UK property market...
  6. T

    To sell or to hold - need advice

    Thanks for all the replies, really value your suggestions :). What about the investment in the UK option? Anyone have knowledge/experience of the london market. It looks esp attractive atm because of the strong aussie dollar. I could pick up a 2 bedroom in zone 2 for around 250k. Finding a +ve...
  7. T

    To sell or to hold - need advice

    Hi, I realise sydney prices are on their way up in a big way due to the rate of homes built vs the population growth. But im not really sure if thats the case in cbr. I have tried to research it but keep finding contradicting conclusions. Property A is a two bed townhouse, DLUG in Bruce and...
  8. T

    To sell or to hold - need advice

    Hi, Bit about myself first. I have been living in the UK since 2007 and am planning to come back to aus and settle in sydney towards the end of 2011. I own two properties in canberra: Property A - principal and interest, owe the bank around 290k and would now sell for 400k. Also i wouldnt...
  9. T

    Housing Affordability in Australia

    Unfortunately in the media one source tells you one thing and someone else tells you the opposite, sometimes it is difficult who to believe: Prime London residential prices fell 3.7% in January 2009, the second highest monthly decline on record, according to the Knight Frank Prime Central...
  10. T

    Housing Affordability in Australia

    Fair enough mate ill just put the blinkers on and tell myself that investing in property is completely risk free and not try to understand all the potential risks involved. My intention for the post wasnt to spread D&G but to ask questions and try and get arguments to both sides of the story.
  11. T

    Housing Affordability in Australia

    In London prices have gone down more than the rest of the UK, i know a lot of ppl who are on negative equity 3 bedroom ex govie in canberra.........ill sell it to you for 500k, its a bargain really ;) Thanks for all the comments so far, the part about steady growth in the lower end makes...
  12. T

    Housing Affordability in Australia

    Hi, Recently a survey was released (Demographia international housing affordability survey) which listed the sunshine coast as the most unaffordable (in terms of ratio of house prices:income) in the world. There were many other australian cities in that survey and Aus is definetely one of the...
  13. T

    Accountant and depreciation schedule in canberra

    Hi All, Currently living in London but have 2 IP's in canberra. Wondering if anyone could recommend an accountant with a good understanding of IP's and isnt too expensive? Also i got a quote to get a depreciation schedule done for my properties and it was over $1k, anyone used someone a bit...
  14. T

    Tell us about your lifestyle (wages, job, age)

    1. 27 , fiance 25 2. Me IT geek, Fiance Advertising and Marketing 3. Me £40,000, Fiance looking for work (just arrived in London) 4. DINKs,engaged *....not yet married 5. 2 IPs totalling 750K, first IP Dec 2005 * Might not be engaged very long after going home last nite in a very drunken...
  15. T

    Sorry To Pour Out My Heart Here...

    Really happy for you Watermelon man :) . Seems like you got some real great deals with excellent growth. If you dont mind me asking where do live and where did you buy? My story is a bit similar to yours in some ways, maybe ill post it someday.
Top