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Last time sydney boomed there was a regional ripple effect that didn't really get going until after the sydney boom had ended. Most regional areas haven't done much for quite a few years so they may be set to benefit again.

Paid my PPOR off, live like I'm still earning $80k and invest the rest. If the cost of your lifestyle goes up with your income then you are no better off. RC

When creating a beast make sure you are able to feed it, otherwise it will eat you. RC

And during that time places like Walgett and Brewarrina also left Sydney for dead. Now put your hand up if you know where Brewarrina is! RC

Thanks for the feedback lazibones, Agree with pretty much all that you have said there. Yields do vary quite a bit. In my local area you can get about 5% leasing to someone from out of the area that doesn't know what the country is capable of but I know from personal experience you cant...

Hi BG, Will PM you some more info. The figures I'm looking at are basically comparable to commercial/ industrial property. Similar yield with long leases but with the diversification of agriculture. Rgds RC

Hi Everyone, Just putting an idea out there to gauge interest and get feedback. I'm looking to invest in farm land. I've narrowed my search down to certain areas where I believe land prices represent good value at the moment for what the country is capable of producing. I have a farming...

Hi, Main commision areas are in the south east corner and north west corner. Also be carefull with South Hill as there is a lot of movement up there. I wouldn't buy within a couple of blocks of the highway on the southern side. Once you get up the hill on the flat it seems ok but there...

Good Paid off all non deductable debt. Renovated PPOR Sold a block that I had previously subdivided. Bought one IP Spent way too much time at work Got a payrise Continued building a small business on the side. Bad Family life suffering due to a combination of the above. Goal for...

The farmers wont see any benefit but the middlemen will. The processors and exporters hold all the cards so they will be the ones to follow. Darwin, Inverell, Tamworth, Dubbo to name a few. Inverell has one of the largest red meat processors in Australia in Bindaree Beef. They have been...

So if a property is put to auction and gets no bid does that mean it's not worth anything? RC

I'm halfway through my third one of these at the moment. Same sort of profit but lower purchase prices so approx 30% return. I live in them during the process though so CGT has been basically zero so far. Agree the money is in the subdivision. Building adds risk and very little chance of a...

Median income in Melton is somewhere around $46k a year. Without knowing the area I'm assuming you've cherry picked an example in the lower price bracket. So if you're on the median income in Melton it will cost you over 6 times your annual salary to buy a house in the lower price bracket...

Yeah I suppose a doctor in Sydney could afford a fibro hut in Brewarrina. On average though, house price growth has outstripped wages. RC

I was a first home buyer on a low income and the house that cost 3 times my salary was a small but comfortable three bedroom house in a reasonable area. What does 3 times the median wage get you now in any given area ? A block of land maybe. But...but.. they could still afford a tent...

Let me put it another way. Say 10 years ago x% of my salary in a particular occupation would buy me a new Holden Commodore. Same occupation today x% of my salary only buys me a secondhand Datsun 180B. So I can either buy a Datsun 180B or I can send my Wife to work and between us we can get a...

Ahh so property is still affordable as long as you send your wife to work, have no kids, live in a less desirable area and cut back to two meals a day. You've just proven that property is less affordable and these are the symptoms. RC

So by your reasoning you should still be able to buy a house for 3 times the salary provided you lower your expectations? 3 times the current salary would only buy the land in an outlying area now. RC

It amazes me that seasoned property investors (of which I am one) will gladly accept that we have seen tremendous growth over the last decade but then try and deny that this growth has created affordability issues for those starting out. When I bought my first house in 2000 it cost 3 times...

I looked into it once and it was far cheaper to fill the pool in than remove it. I was quoted $2500 to fill it and it was a yard with limited access so that was to cart the dirt in by bobcat. Not sure what council would think of this idea though, I didn't get that far. RC