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This just rubs me the wrong way. What are her parents doing? They definitely do not look like they are poor. The whole piece just looks like a selfish money grab when her parents should be assisting her with her first purchase (without a job either, jaysus).

I think you have to question just what is going on when this sort of crap happens: http://news.domain.com.au/domain/real-estate-news/kirribilli-car-spot-sells-for-120000-at-auction-20150613-ghn50z.html

This is now an interesting time for the housing market. I recall 1-2 years ago that any suggestion of a housing bubble was met with vehement opposition, now it is being accepted by our public servants and being discussed by the parliamentary members. It's interesting to see how the media...

Thank-you for the replies. I am looking to purchase in the Blue Mountains area, namely Leura and Wentworth Falls. I figured that lawn mowing would have to be included, but that this would be a minor cost compared to the potential involved in a large plot of land. Bushfires are also a...

Hi All, I am currently looking for an investment property and I am eyeing a few that have particularly large land sizes i.e. >1500 m2. The houses on these properties are relatively small - 3/4 bedroom with 1/2 bathrooms. My plan is to lease the property once acquired, although I am unsure...

I don't like the title "Too much luck". It removes any blame of economic mismanagement from those who were entrusted with the economy and our future. It suggests that our condition would have been better had we not been so successful; had we aimed a little lower; had we not punched above our...

I'm sorry, but I don't follow. Who, exactly, are these upgraders? The 40-50 year olds you are talking about would have little interest in living in an Inner West dwelling valued at 1-1.5 mill. At that price you are looking at 2br (maybe 3) in Marrickville, Dulwich Hill, Petersham, Lewisham...

Well if the FHBers aren't going to be buying the $1 mil + properties of the Inner West, then who will?

When exactly, will rates rise? The RBA kept rates on hold for the 18 months prior to their most recent rate cut. The RBA is expected to keep cutting, especially with the overvalued dollar. In fact, which Western Economy has actually raised their rates in the past 12 months? I don't know of...

CBA home loan calculator is offering $1.2 million for a couple earning $200 000 gross income with $3000 worth of monthly expenses. This is at current rates. If rates keep dropping then I don't think $1.3 million would be impossible.

Skater, you have made some fair points but I don't think it is fair to compare buying to renting. I think we can both agree that whether or not someone can afford something is dependent on whether or not they have the money to pay for it. Most people purchase a property with some combination...

And he's now being investigated by the ACCC for price fixing.

I am inclined to agree with BV. Where will renters find the extra income to pay for ever increasing rents? If they aren't going to increase dramatically then I can't see how they would be able to afford the increase you want. You might argue that those renters would then move out of...

Knightm, yes this was pretty much my plan. What are the other ways that you were referring to?

Thanks for the responses so far guys! Knightm and Waldo, thanks for your input. I understand that there is a learning curve associated with property investment and that this requires time. Unfortunately, I am time poor until the end of the year so I am using this forum as a place to learn. My...

I am completely new to the housing game. What should i be wary of if I were to purchase a regional property?

Hi All, I am currently renting in Sydney but will soon have enough disposable income to afford an investment property. My intention is to generate enough cash flow so that renting/purchasing in Sydney would be feasible. I have had a look at cheaper properties available in regional centers of...