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    Future party leader

    Pyne is like Keating.
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    1 Bedders in Melbourne

    Here's an advice on 1-bedders. Stay. Away. Do. Not. Even. Think. About. It
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    End of an Era

    Thank you Jan, Ian, Sim. It has been fun and a good pastime.
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    Brace for even higher price!

    That's right as I'm sure your granny told you, you make money when you buy. Buy buy buy
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    Brace for even higher price!

    As I always say, every boom we have new comers (ie new buyers) come in saying the boom keeps going. Let's just say I'm happy to sell 3 in Jul/Aug, and if it really loves another notch up (ie 10%), I'll sell another 3. And 3 more if it runs 10 more percent
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    Small townhouses vs luxury townhouse?

    Thanks - all pretty valid points. I'll probably end up procrastinating and doing nothing again. But yes building 2-3 townhouses is the most practical. Building a luxury mega townouse is probably equally as rewarding (or maybe not), but would be difficult to sell in a tough market given the price...
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    Small townhouses vs luxury townhouse?

    This dilemma has meant I've done nothing to it for a few years now
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    Melbourne to run more

    MTR, wouldn't be surprised if the median price in Melb has already past $700k this quarter. How does say $730k and $970k compare? Does that change your perspective?
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    Small townhouses vs luxury townhouse?

    Smaller townhouses would probably rent better, as it's at that $1000-1200 sort of price range that more professional families can afford. A mega townhouse would really be a trophy inner city house I'd use myself to be honest, and hope it could fetch a lot of money in a very hot market. I'd...
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    Small townhouses vs luxury townhouse?

    Yea something like that. Around 250sqm. No setbacks required, except in so far as shadowing of my front houses becomes an issue.
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    Small townhouses vs luxury townhouse?

    Building crapper and more would have higher IRR if you sold at conservative prices in both cases and sold immediately. But a luxury townhouse could fetch the sky in a hot market, because they are scarce and there're not many 200sqm plus land size townhouses a few hundred meters from CBD...
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    Small townhouses vs luxury townhouse?

    Thinking of building townhouses in a very prime spot (think laneway off Drummond St in Melbourne or laneway off Crown St Surrey Hills Sydney type of location). I have an empty piece of backyard that I can subdivide out. Is it better to build 2-3 four level 70sqm townhouses that would...
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    Property Cycle Clock - Where are we right now?

    Have plenty of souls to offer
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    RBA to cut another 1%?

    What is a FW? Please be explicit :D
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    Sydney Market at top - calling a severe correction in 2018-2019

    Distasteful maybe, but it goes back to what I always say. In early 2012 when the market was soft, no one wanted to hear about properties or auctions. In 2015, they're all piling in. What more can I say, except that people seem to like paying triple the prices?
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    What do you rate these two areas as?

    Reading this thread makes me think I'm reading the Bible at times.
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    RBA to cut another 1%?

    Uhh that's what I keep saying. This forum always attracts a bunch of real estate experts every boom. I keep asking, so how has all this analysis helped any of them get ahead... not once do I get a response.
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    Melbourne to run more

    Been a while I opened this part of the forum and 8 of the first 10 threads are about Melbourne. Looks like it's doing a catch-up to Sydney. High vs Higher
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    Melbourne outer east where to buy?

    Funny you say that. Friend just told me last week, go big or go home.
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    Sydney Market at top - calling a severe correction in 2018-2019

    Haha of course not. I am at heart an economist before a banker and speculator. But unfortunately one doesn't make enough money as a economist, so I supplement that with speculating and working in banking. I completely agree. Any country that forgets the basic rule of creating something that...
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