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Not currently holding, but we're looking at buying the motel (freehold) next to our hotel. The valuation we've had done works on a (projected) yield of 16%. "Projected" because the motel is not operating at the moment. The current owner bought it about a year back with the view to develop the...

I agree. I'd expect property prices to track lower than inflation over the coming decade. Wages need to do a bit of a catch up to property. Though, unfortunately, in Australia wages have possibly also gone a little too far ahead of themselves , which compounds the problem. Increasingly, the...

Did you take a look at the inside pics? I would not buy that place if they paid me $50K. It's a massive liability. But, yes, the whole thing.

I never said the people of Cabra could live wherever they want. I said they live in Cabra because that is their choice. A majority of the older generation were not educated, which limits their ability to earn good wages, but that is certainly changing with the younger generation. They are...

Cabramatta has an abundance of good cafes, clubs and pubs which people from Cabra would prefer over those in the north or east. Ultimately prices depend on the wages of the people desiring the amenities. That's all. The communities in the north and east are more established. Many of them have...

Misleading more than extreme. Greater Sydney is a diverse city, and different areas have different amenities. You can't be close to everything. You pick a spot that's close to what's most important to you and your family. That could possibly be your work place, if you think you're the most...

Interesting. What area is your property in?

fact: Rents will most likely only rise, quite possible outstripping inflation, as is now the case in the UK rental market. So even if some hidden costs leave you closer to neutrally geared than positive, it won't take long for that to turn around. Then, 10 years down the track the rents could...

Well spoken. Though easier said than done. And even if you do interpret correctly, with such a volume of (disingenuous?) doom and gloom bumping about the web these days, it's quite a daunting task to act on said interpretation. The problem, too, is the more people feel spooked by the doom and...

Yes. It's a massively simplistic look at the whole world economy, actually.;)

By choosing already established houses rather than going for new builds and adding to urban sprawl - assuming you feel urban sprawl is a problem.

Yes, it was the whole "garden city" concept back at the time of Federation, when reliable transport links were first being developed. The idea was that humanity could return to a more natural environment, away from the slums and overcrowding. It's kind of ironic that 100 years later it all...

...And "bandwagon" speculation in general. Good read though. Thanks for the link. I liked: "What the wise man does in the beginning, the fool does in the end."

At the risk of rekindling the war (sorry:o), what I don't get is this whole move towards inner-city apartment living for young families. Their argument is that kid's don't go outside anymore, anyhow,so what's the point in buying a house with a yard. I always saw the 40 min train trip I used...

It's funny, you know, I have a friend who is a few years older than me, in his mid fifties, who always rented in trendy inner-west locations of sydney. Way back in the mid 90s he would complain how unaffordable real estate was. At that time I bought a house in the outer suburbs of Sydney and he...

It could be. I got it from here, which is a pdf from the University of NSW with Sydney prices. So it was certainly a bit of a guesstimate. Kind of interesting to note that prices fell soon after that - the roaring twenties entering into the great depression - by about 30%. Shh, don't tell...

An average house in East Melbourne in 1926 would have been worth about $2000. If you were a real estate agent trying to spruik one, telling people it would be worth 2 million by early next century, you probably would have been laughed out of business.

Yeah, maybe we should just drop history out of schools altogether, because obviously it's got no relevance to what might happen in the future.:rolleyes: The question, in case you missed it, was "Can Your Recently Bought IP Triple in a Decade? Why?" If we can't use historical data to answer...

Just don't pick up the wrong phone at the pub. Especially if that phone belongs to someone who lives interstate.:(

That depends largely on both inflation and real wages growth. Since 1988 we've had times of both. Not sure what the average inflation has been since 1988, but for the first few years it was averaging around 7.5%.These days the RBA thinks between 2% and 3% is a magic number. Not sure why, but...