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I use them too, and can receive discount on further depreciation schedules, right?

That's what I thought too, why buy in areas where such substantial growth just occurred. What's wrong with the people that think that way????

Lots of interesting facts and opinions which permitted me to continue. I stumbled across SS forum when a developer I bought through when starting investing was criticised here, so sometimes bad comments have good outcomes, right? So be always open minded and check out everything before...

I think they may be coming down to 70% soon, perhaps within a month, if margin calls are being requested in China, what do you think?

I would be watchful OTP apartments in Sydney, especially when Chinese stock are down 20%, so they may be subjected to frequent margin calls, perhaps requiring then to recover invested funds from Sydney OTP? Also, Greece default may soon dictate short term consequences on most lending criteria...

Yes I agree, we cannot look at just one indicator, there are so many other multiples to consider, so I would never suggest just to look at CG alone, or say vacancy rate alone, or listings alone, or whether wages are rising in the area alone, etc.... Do you get the idea, it is never checking just...

Even though I was an infrequent and late member, this community inspired me to continue to grow and give, so thank you very much for that opportunity! Wishing lots of health, happiness and success to all that allowed for contribution and that contributed!:)

Hi, I think this is a personal choice and preference, so in my case I do re-evaluate the portfolio and may decide to do some changes. Yes, I actually decided to offload 2 bad eggs IPs, those I consider less performing, and are with separate agents and in different one common structure. This...

Agree with the first paragraph, but not ALL Regionals follow Sydney, really do they? The person suggested in the thread that did not receive the expected %CG, perhaps did not purchase at the below or market value? As you know deals are to be found everywhere, depending on the strategy, but...

Yes, well done grasshopper!

I just revisited this thread and realised your great progress! I actually like the above two suburbs very much for growth, so well done. A family member even lives in one of them, and I think a friends' bakery is located in the other. Thanks, to SS members, and this forum I decided to continue...

I use RP Data too!

Why bother, because that's the choice or option present unless investing elsewhere and renting then... I had lived south west for about 20 years, commuted yes by train for at least 1.5 hours each way. It was doable then so it is still doable now!

Check, if you have Established Capital Benchmark, meaning there is a disparity in the price say like the one you plan to buy and if similar properties renovated sell fro $500K as you assume? The formula assumes you have interest holding costs and it is only a cosmetic renovation or minor wall...

WOW, your story is so inspirational! You certainly proved you reap what you sow, or give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. Congratulations, keep growing and learning!:)

ha, ha, ha, this is so funny!:D

Yes I have similar story to tell, the next door neighbour, a celebrity sports person, has private business, is on TV from time to time, yet rents the place. Kids are in private schools, they drive expensive cars, wife travels frequently with friends, they have a bookkeeper, a cleaner, a...

As Leo pointed out I am look at more than that, since my strategy is for never to sell, add value via reno if possible, buy at below or market value, buy what is appropriate demographic in the area, as just some parameters... I also like to check CG for the area for the last 10 years, I use ABS...

Yes, I agree, life itself is full of changes.... All asset classes become undervalued, on par an overvalued over time, and picking the right time is a quest for all. I think that's what the thread is about how things and times change, there's nothing wrong with change as it is part of life, so...

Yes, it was the year we bought our first PPOR, similar how you describe it, with having the problem with the banks, being short $5K for the serviceability... Ah, and then at settlement took a whole day off work to clean and paint the house, only to find out some curtains went missing....those...