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  1. Z

    Share your "but this time it's different" stories

    I guess they expect to be looked after hey. But owning a home is not a RIGHT, but I guess some people see it differently.
  2. Z

    Share your "but this time it's different" stories

    It makes sense that prices will keep going up. More people and less and less vacant land in popular areas to build and accommodate these people. So of course the person with the deeper pockets will get what he wants. This cannot get any better with time. What are these complainers expecting...
  3. Z

    Brace for even higher price!

    Yeah I agree!
  4. Z

    Brace for even higher price!

    I know there are a heap of apartments being built in Melbourne. How is that going to effect a house with a 600sqm+ block? If a ton of houses hit the market on new estates (further and further away from the CBD) don't see how that is going to impact established suburbs either. Only...
  5. Z

    Brace for even higher price!

    All this bubble talk is rubbish. I have a few mates who are waiting for this bubble to burst to jump in and buy their PPOR. All that is happening is the price of property is getting further and further away from them. All these so called experts just keep stating the same rubbish year after...
  6. Z

    Caroline Springs and related PPOR questions

    You could possible get into Chelsea Heights (South East) with that budget. This one in Aspendale Gardens if sold for 495K was a terrific buy for someone. Would have bought that in a heart beat for that price. Yes it needs a little bit of work but still very good value...
  7. Z

    Carrum Downs

    40% of Melbourne's sewerage gets treated on the corner of Worsley Rd and Thompson Rd. Line of sight this is approximately 3.3km north of CD. I know that people living in Patterson lakes smell it if the wind is blowing the wrong way.
  8. Z

    Glen Waverley - Not slowing down!

    Surprised the real estate agent did not buy it himself and not put it on the market. That is immediately a min 200k profit after all said and done.
  9. Z

    Glen Waverley - Not slowing down!

    Probably for double that at least the way things are being sold there.
  10. Z

    Goal is to live off rent in the future how?

    Right I understand now.
  11. Z

    Goal is to live off rent in the future how?

    My problem is that I always thought to buy property and not not have to take out mortgage insurance you need 20% in cash to lay down deposit. One of the reasons I never could get my head around the fact people buying 10+ properties on average wage (where are they getting the deposit cash)...
  12. Z

    Bali Nine

    Governments are hypocrites. If they were well and truly interested in peoples welfare there would be a lot of banned stuff and so they should be. Why are cigarettes still being sold over the counter and laced with poisiounus chemicals just so they burn longer. You really are concerned with...
  13. Z

    How much do you spend a year (living expenses)?

    I did the numbers not long ago and it does add up. Family of 4 with kids aged 3 and 5. 25k per year this is not including loan repayments or if we were paying rent. We don't go out, do not smoke or drink alcohol. Most meals are cooked on the odd exception when we go on a day trip we buy...
  14. Z

    Turn carport into Garage

    Currently my home has a tandem carport that uses one side wall of the house and has the front of it bricked with a garage door. Basically if you look at the house from the front it looks like a garage. But in reality it is missing the side wall on the right which is the fence line and the...
  15. Z

    Goal is to live off rent in the future how?

    Appreciate the comments very much. No not to o late to check reborrowing options. The 200k will land into account eta 2 months. Just getting all the information ahead of time. That would be awesome if I could borrow a further 800k but I do have 2 young children so it may effect this amount...
  16. Z

    Goal is to live off rent in the future how?

    Wow that is exactly the info I am after. So would it be enough just having the 200k sitting in the offset account and then reborrow. Or would you have to make the down payment and send the 200k away? Travelbug - I think you are probably correct that I may have over estimated. Rixter -...
  17. Z

    Goal is to live off rent in the future how?

    I would like to get some suggestions/opinions on what is the best way to go about investing in property and making it work in the long term. I read Rixters plan and that sounds something I would like to accomplish if not for myself then at least for my kids to have an easier life. Maybe don't...
  18. Z

    Are there any Millionaires who can help me to invest $450,000 in real estate?

    I was going to ask a few questions as I did not understand some of the things how they work. But it looks like you answered them a couple of posts above. So basically you don't really need to come up with a 20% cash deposit to purchase new IP every year. It comes out against your PPOR or...
  19. Z

    What caused the market stagnation from ~2003 (and any earlier ones) aftr the big boom

    I agree with your opinion also. I don't see a major price drop (bubble bursting) I also think a couple years it might stagnate and then pick up again. I looked at the historical Melbourne median house prices and the trend has always been up and up. Even with the slight stagnation in some...
  20. Z

    Is it time for Frankston?

    I think you did the right thing and took the plunge with Frankston. I am surprised it has been so slow to move compared to the rest of the suburbs. But then again it can't go anywhere else but up from here. How fast who knows bit if in the long term game then I think it will be okay...
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