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Doesn't instil a lot of faith in the RE industry!

Personally I have resided in the same town now for over 50yrs, and my wife and I in the same home for coming on 30yrs, so yes, we know most people in our small community. (Approx. 750). Having been the local butcher and my wife a local High School teacher has allowed us to have great...

If rates were to rise by a full 2%, those without the correct structures in place I believe would feel the squeeze.

You wouldn't trust the current mob of Labor pollies to run a School canteen. They'd probably want to put pink batts in the ceiling!

Thanks Knightm for your comprehensive post and link. You obviously have a great understanding of your local area.

Certainly wasn't meaning to offend. Was just genuinely curious as to what properties were being purchased and for what reasons, as I reside on the North coast in a similar coastal environment.

Given that some of these investors you are talking about would be Pollies, I think not.

So am I to take it that the investors are purchasing holiday rentals as opposed to full time rentals? If so, I don't think the climate lends itself to well to this strategy. Nice over the Xmas holidays, but the remainder of the year......?

Thanks for those chilliblue. Do you feel these numbers would have increased considerably since then, and if so, why?

The ex-Sydney siders would be retirees I suspect, so are not looking for employment opportunities. The upgrades to infrastructure, primarily roads no doubt has been positive for the area. Are young families moving to the area and if so, what industries are they finding employment in?

What do you see as the driving force/forces behind the increases?

I would of thought that an astute investor would see that paying "overs" is a waste. Why not move onto another investment that ticks all the boxes. There are plenty of fish in the sea.

That is a Fully Sick reply!

This is a very good point. Why waste money at any time?

To invest in major capital cities for capital gains as opposed to regionals where capital gains have been hard to come by. However, personally I could not live in a city.

Hope it all goes well for you. Had an IP many years ago in Forbes, but unfortunately was tenanted to undesirables and we managed to sell getting back our original outlay, but overall lost out. We were aiming just for cash flow, as capital gains are hard to come by.

Is the property on the north end of town, toward the North Parkes Mine or east toward the airport? When do you envisage renovating?

The question all Do-Gooders need to ask themselves is : If these 2 had not been caught would they have continued to traffic, profit and climb the Cartel ladder? If you are honest with yourself the answer is YES! If they had seriously cared for their families and to that themselves, why did...

Don't hold your breathe! It appears all legal channels have been exhausted, and President Widodo will not grant clemency. Not a surprise really. Tonight on Lateline there is to be an interview with an Indonesian lawyer/ parliamentarian (not sure which) who is to outline why Indonesia will not...

You don't paint a pretty picture Datto! Lol.