Search results

Hi, Yes, they were good purchases.. but i was able to secure undervalued prices because I happened to be in the right place at the right time. No.1 was purchased from a builder who needed to sell. Funnily enough... I ended up getting him to do the reno for me... No.2 was purchased...

Thought i'd throw in some more.... 1) Kalgoorlie. purchased for 130k in feb 08. 35k reno. Sold oct 2008 for 249k. 2) Kalgoorlie. purchased 190k may 2008. No work done. Valuation came in at $290k last week. 3) Kalgoorlie. purchased $110k dec 2007. 40k reno. Sold oct 2008...

Been hard getting good deals even in this market. I picked up more good deals when the market was hot ! Anyway... Picked up a highset in logan in early Oct 2008. $145,000. Needs 35k reno. Rent will be $310 per week after reno but i am going to flick straight away in the new year for...

Some positive vibe in the market ... http://www.smh.com.au/news/national/buyers-rally-as-rates-drop/2008/10/18/1223750399532.html but we still need to wait a little while before we can assess whether this initial optimism is going to translate into a change in sentiment in the property...

Greedy Safa - margin calls on equity investors might be the start of a stampede back into property. Watch for the switch to happen soon: http://www.timesonline.co.uk/tol/money/property_and_mortgages/article4916890.ece

JC Chung, i took out a similiar AUD/HK dollar forex loan with HSBC about 5 years and did not enjoy seeing the value of my property investment being tossed around by a fluctuating exchange rate. You are making two investments: (1) property investment and (2) a bet that the AUD will move higher...

I agree that its not that hard to do a buy-renovate and sell on simultaneous settlement. I find that getting a vendor to agree to extended settlement terms with early access for renovation is common, particularly if the house is vacant and run down. Settlement periods could be up to 6 mths...

CRC . Yes, i am "admitting" that the profit is in the purchase. But i also admit that without the renos that cheap purchase is well - - just a very cheap purchase. So that if you sell this cheap purchase immediately after owning it - you will get ..... a cheap price. Didley squidly...

Yes it does work. I have been doing this for a few years. Here are examples of real deals that have been done: a)Dec 07 purchased for 110k. Spent 40k. Resold april 2008 for $290k b) Feb 08 purchased 120k. Will spend around 40k. Should sell for around $280k based on comparables c) Sept...

From the ATO: http://www.reiv.com.au/_uploads/ato/CGToverarching.pdf ATO says that the CGT event is the date of contract. It then says ... "The fact that a contract is subject to a conditoin will generally not affect this date" It says that the contract date will "generally" not be...

Hi NikkiB - i have to say ... for someone who claims to be "very nieve and dont have a clue what we are doing." - you have done well ! In addition to what others have suggested, this is what i'd be doing: 1) You are too under geared. You need to get your broker to organise some line of...

RBA might cut rates . .. but can you trust the banks to pass it on? http://www.mailonsunday.co.uk/pages/live/articles/news/news.html?in_article_id=558263&in_page_id=1770&ct=5

BIS Shrapnel still bullish on brisbane http://www.news.com.au/business/story/0,23636,22404851-462,00.html

Last december a 3 bed post war with parking sold for around 279k in mount gravatt east (next door to the one i own.). Bell partners also sold a few 3 bedders in mount gravatt east and upper mount gravatt in sept-dec 06 for under 300k. The market has gone ballistic since jan 07 ...and...

Another way to separate the houses from the townhouses on realestate.com.au is to set up your entries in the "my alert". In the "my alerts" you can enter only houses for your chosen suburbs. cheers WB

In January when this post started, White Knight real estate agency had just sold 2 basic highset properties in Logan for approx $175,000 each. 3 months later … “bargain” in Logan is now anything under $240,000. There is a scramble amongst buyers for properties in Logan right now forcing...

I gave those stats are very good oily backrub ... and i reckon the reality is very simple in sydney: A 400k loan to purchase a house at the median of $500k ish - - -- is damn hard to service... irrespective of whether the loan is interest only... irrespective of whether the loan is...

Hi - thanks for the articles JRC.. The report was commissioned by the labor party so some biased expected.. Yet, servicing a 400k plus mortgage to buy a PPOR on pre tax income of $143,000 is not as straightforward as it looks. The aussie dream can very quickly become an aussie nightmare ! WB

Hi Sydney morning herald ran an article recently (last couple of months) that said that a sydney family needs to gross around $143,000 p.a to service a mortgage (assuming property purchased at median). Adelaide was around $78,000 p.a ..cant remember the other states... Does anyone have a...

Agree Chris. I have been buying in se qld over the last five years and have noticed that since sept 06 prices have climbed sharply all along the se corridor. I am struggling for the first time in 5 years to buy undermarket valued properties... Saw a very unrenovated highset in woodridge...