Recent content by wooody

hello don’t want to dampen your construction but you have not allowed for any cost overruns or unforseen problems that may arise on site, or problems that may be buried in the ground, was the land previously built on or is it open ground? Also i see a very small return on your investment for...

i dont see that type of cut by the end of the fin year, the rba will cut by .25 increments over a longer period, the rba had already gone to far raising rates in feb & march, it can take many months for the effect of a rate rise to work through to the market & start changing the inflation...

a discount! a discount is applied to the whole market due to the current market situation, make a low ball bid! you can always go up but not down, personally i would not buy opposite a school i don’t like screaming kids but i would prefer to buy opposite a school if my choice was a school or...

Renting versus buying, i think what you need to remember is the bulk of renters are maxed out on credit, and probably living from pay packet to pay packet with no credit history, if they did have any money they spent that on either a car or plasma, so if the remainder do have any money they may...

explain the math jen if you have time

hello, thanks for the response, I am saying a 1 bed unit in Eliz bay, buying for between 280-400k & renting for approx 320-380 {+-} per wk, depending on actual location & size in the bay unit should try to be over 50sq mtrs, bonus extra cash on top of that if it comes with a garage or car...

Hello, Anyone any thoughts on Paddington terraces & Elizabeth Bay units, units currently in this area returning over 10% before expenses as many as 50 people queuing up to inspect/rental properties in this area, you could say they are falling over each other to get in the door, also alot of...

If you can afford to buy a house i would not be buying a unit, at least with a house you can have control over the expenditure, these days strata fees are are like writting a blank cheque, & all you need is a few dummies in the block who get together & spend like crazy & they have the majority...