Search results

I doubt it. Up is not the only way, depending on the economy, they can go down. Everyone sounds so optimistic. I've seen what bad purchase do to people. I've attended too many of mortgagee sale. And it's not only happen to people with bad money management, it happens to investors too...

Ready to bust My sister bought a 4 bedder in 2770 in January this year for $225K. The investor who bought the house paid $242K in 2004. I'm banking on the possibility of a lot of people including investors over-extending themselves during this period of low interest rates and as the result...

I'll safe my borrowing power for now The market is too hot in Sydney, my preferred city. So, I'll wait until RBA increase the interest rates to above 7 and let other people hold the properties for me till then. My plan is to buy these properties directly from the bank at less than their now price.

Can anyone recommend me buyers agent in VIC & TAS? I've never got the time to go to visit, but would like to buy sub $300k in either state.

I hope they are not that stupid. They may up-ticked volatility to medium to high. But I think if anyone is considering to sell ppty within first home buyer price, the next month or so will be the best time to offload.

PPOR to be IP & Purchase new PPOR Dear All, I'm considering of buying New PPOR but considering keeping the old PPOR as IP. Could you give me a guidance on how to do this correctly? Can I do valuation so later on I can proportionate CGT? I meant for the years I used the old property as PPOR...

I meant to say more volatile than others, off course no suburb is immune to high interest rate and some other factors. Back in 2006 units prices there dropped like swatted flies and didn't picked up until late 2009-10 plus their yields are also picked up much slower than the rest of Sydney...

I'd buy in Wiley Park/Lakemba. Yield is good, and I'm anticipating riple effect from price increase in neighbouring Belmore and Campsie. Check-out the prices in these 2 suburbs. Blaktown LGA is good too, but not sure about immediate capital growth, long term look as bright as daylight...

Actually yes, in my opinion, less of being vicim of mortgagee sale, but certailnly will offload.

The reason why I'm not convinced that now is a good time to buy in Oz is simply because, if I can buy similar property with similar price next year, why do I have to buy now. I'd better buy next year to minimise my risk and holding cost. Anyway, the market has slowed down, First homebuyers...

I'm not convinced now is a great time to buy especially in lower end of the market. No bargain really standout and too much uncertainty in the economy due to high petrol prices, carbon tax, strong Asssie dollar. I'll sit and park my deposit in offset or redraw for the time being.

Since your search requirements are quite broad, go to realestate.com.au, type VIC choose house, villa, unit town house & apartment, choose to exclude property under contracts. I found this that I thought quite reasonable upon first first glimpse...

I'm partial to both at the right price. Both have things going for them at the moment.

But then again you might be a saint, or a fool if you buy it. :p It is a gamble :rolleyes:

The topic is about cashflow but off course property is not only about positive cashflow, there is capital growth that I will need to consider when making purchase decision. I need to have reasons to justify my believe that my chosen property will have a sound capital growth especially if I do...

I don't know how people calculate their cashflow to determine if their property is positive or negative. I calculate them based on all the money I spend in buying and renovating the property so if my purchase price is say $160K and spent another $15K on fees, transfer duty and cosmetic...

Try CUA Ring their 133CUA for over the phone or fill in the application online. :)

5% return on 2.8m??? Not such a great idea. I would want 12%, at least by retirement age (45) :rolleyes:

How much are you looking at to put one up per meter? I'm thinking of erecting one in Mt Druitt area?

Those and normal residential properties in and around the suburb close to universities. In NSW for instance, North Ryde and Marsfield near Macquarie University or Gwynneville and Keiraville near Wollongong University.