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Its not me, but I think anyone who happened to own flood prone property in Brisbane! But no, I have seen people pay well over the odds a number of times at Auction in the last 6 years. HUGE numbers and I know they would still be losing money today. Yield would still be crumby and they would...

No, its about relative value of neighbouring suburbs. Tends to be from CBDs outwards. you can use google to find a pretty good write up. http://finance.ninemsn.com.au/pfproperty/investing/8122784/residential-property-ripple-effect A house isn't cheap if its miles from nowhere.(places...

Evan's advice sounds pretty sound. I would add a bearish precaution, that no matter what buying property leverages you up into an asset which is not very liquid and that would be my current concern. "You should always buy quality assets that are cheap." Ask yourself if its property, is...

decent 2 bed places are very hard to find under 600K anywhere inner sydney. I think there is a market for them. Not all singles/couples want just one bedroom. Some want a guest room, some a decent study etc. Parking is and will always be highly valuable. the only place I would forgo it...

Not a resident, but I think it would be ok. Beverly Hills is a good spot. If in doubt, why don't you simply rent there for a while? Seriously if its for a PPOR, its not going to kill you to actually road test the place out first before making a big commitment and buying. Rarely will...

I take this is in a property context. Biggest regret: Not saving/working before study so I could have bought into the housing boom prior to 2000. Sat at uni studying instead whilst perhaps a once in a lifetime opportunity went by. I almost had the tail end of it graduating...wanted a...

The middle floor is often cooler/better naturally insulated. Top floor usually ask a premium except when you have flight path problems...then AVOID. Bottom floor are security risks(unless elevated ~ eg if parking is bottom floor). Courtyards attract a premium because people see...

Exactly, we should have more freedom to do as we please with out housing blocks(within a little reason obviously). Current state, it is ridiculous. I know of a council in Sydney, about 10kms out of the CBD which increased its minimum block size for a dual occupancy recently from 650 I think to...

I think its a decent strategy because its what I have done since 2007.(not lower north shore, but inner west) Buy a low strata, older 1 bedroom apartment with parking. Ideally in a small block. Do some basic renovations and live in it. I have done that and its earnt me about 60-80K in...

Thanks Jacque. re: Housing commision streets. Whats the best way of identifying them? (without living in an area for an extended period). Any idea how you can get inside info as to when the dept of housing wants to sell up housing commision houses?(ie so there is a bit of gentrification on...

Gnome, I think you have already found your best bet in Padstow. Hits nearly all your criteria. Or try Revesby if you can get a flat there that is.(not many). Perhaps you could find a cheap duplex/townhouse? 2 bedroom villa...

I'd probably add, that if I could afford an expensive house, I would make it my PPOR. No way I would want to be paying land tax on that sucker.

I definetly think that councils need a big over haul in Australia. Quite simply we should be allowed to duplex/townhouse/granny flat/small block of flats build a lot cheaper than we currently can. Land use is way to strict and min block sizes need reducing in many council areas.(IMO)...

Top of the tree (residential): There was an article in the Sydney Morning Herald yesterday I think about the property developer turned accused murderer. He owns a mansion in Wosley Rd, Vaucluse ~ Australias most expensive street. Listed on the market originally at $55 Million, now apparently...

2 or 3. but i'd trade out land size. not really the price range to consider DAs for duplexes/GF/etc. I might check out Rhodes. thanks. One thing about the Sydney market is that there is literally hardly any stock, you have to be so fast on your feet to secure a decent property when you...

Just looking to renew some home and contents insurance, and one question they asked me was if the property was next to a park or not. So housing next to parks must statistically be more of a risk. Have no idea how much it effects premiums though. Why don't you ring up an insurer and ask. The...

We'd(the government) would keep granting skilled visas/business/student visas until the problem went away. Student visas are particularly popular, because they pay the rent and do menial work, pay for the higher education system, then either leave or only stay if we really really need them...

I have no idea on this area of property, so have avoided thus far when thinking about a property investment. But I find it quite difficult to find any type of impartial advice on the matter. What makes a good property decision on a CBD unit? I've found a lot of RE agents do not like...

Get a solicitor, not advice off an internet forum. Probably best just speaking to a bank about this as well. They should be able to go through all the details with you regarding structuring a loan. Many options available. Legally This is another method of co-property ownership you may...

cheers thnks HotRod. Any idea of the long term yields on Sydney and Melbourne property? If this rather simple suggestion that a 4% yield peak of the US property market, is that what we are looking at here? Seems to me that 4% is kind of standard for a lot of housing in Sydney in any...