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Don't worry, soon they'll be able to buy a Vic cottage in double bay for 400k after the crash because brilliant economists like Steve keen said that is the fair price.

That's great James, you seem to have done well with those purchasers - well done to you, however the OP was asking for an opinion and I was giving her another one based on my experience which maybe wrong or right and have no relevance for the future. You know, past performance is no indication...

101 of investing, buildings depreciate, land appreciates. Out there, there's acres of undeveloped land with no infrastructure. If you have a 100 year time frame, you MAY have a chance otherwise it's a dead loss unless of course it's a ppor and you have family and work that may tie you to the...

Is this an ip or a ppor? If it's for investment, you're ******* money up

Given the last 10%+ increase of the last 6 months, make that 500k

Just wait, you just wait soon you'll buy houses on beaconsfield pde for 400k ast that is the "fair price" that a house should be available to people to buy ;)

I live in a reasonable suburb in Melbourne and everything I get quoted for is double, yes double at least for work compared to my ip's. In the end I try to do as much as myself as paying $100PH for a painter doesnt stack up.

Around how much have you invested in your precious metals?

nicely done Michael as I remember when you started and there was a doom and gloom site that was dying for you to fail. They thought you were all **** and wind, so kudos to you for declaring it all (and the issues along the way)

Interesting to reflect on old posts isn't it. Who amongst us that own property in the big cities would be a little disappointed if they had sold their properties in 2009 for the pending melt down of real estate prices? I know a rental I own in Highett has probably seen a 300k increase since...

Surely hj you're still not into that brightly colored stuff. Forget it mate. Stick to PI or shares. Bhp now is a 4.8% yielder - great long term stock, surely this beats the 0% yield AND capital loss? Money's to hard to earn mate.

How about somewhere like brighton or Elwood ? Both offer loads of reasonable venues

Yeah I sound gay (not that there's anything wrong with that) however the "blokes" I was referring to are boring middle aged bike riders. Back on op post, I think anywhere near the harbour/ocean with land price starting at 2.2k per sqm start price way up to 10k in a street like moule av - so a...

not me I love the beach. You'll find me riding my **** bike down to the baths or the beach for a swim often in Summer. I have zilch interest in the french Riviera or any of the dozen blokes I'd know that live round about have never mentioned a desire to go there.

Where in Sydney can you, in under 10mins walk to the beach (yes far better than Melbourne bayside beaches) walk to a train and be in the guts of Sydney in 30 mins walk to a cinema walk to a safeway and coles walk to 20+ places that sell coffee walk to some reasonable restaurants walk to private...

Mate of mine may earn 7 figures but has near 30 years in the game, has a big rent roll and has busted his chops for years. Like anything, if you work hard and have some luck you'll go well

You must convert to Islam, read the Koran and cover yourself. Religious comment, true or false?

If a house is 80% over valued then it's "true value" is really 20%, for example if a 1m house is "truly valued", it's real value is 200k

There's money to be made if you own 20 acres and get it rezoned resi and then subdivide and sell otherwise you may as well bet on the horses. New housing estates are a BAD investment relative to other RE

When is 20% of 5m not 1m or is there something I've missed? Apparently houses in Australia are 80% over valued