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Had to lower the rent for 12% to get somebody, and that is in Adelaide 10 km from the city in a good suburb and a brand new house.:confused:Got another property close by, the lease will end in 2 months. Not even thinking of getting a raise.

A property manager is a professional, allmost every landlord that rents out is not. To me that is the main reason to use a PM, the other reason is that I'm 14 thousand kilometres from my properties.:D

I like the way my mortgage broker works, he is from Mortgage choice in Adelaide.

I agree. Don't like it there.

That is right, you never look back.

I have an IP in Windsor Gardens. I would rate this suburb as number 1, because it's closer to the park and O'Bahn.

When should I register for your next meeting on Nov 11, so I will not be late. :)

It means that more and more people can only afford to live in those suburbs where the quality of life is low, so are the house prices.

Is there any information on units? My unit is in a group of six and it has an electrical HWS.

Thanks for your info. I'll have a closer look, when I'll be back down under.:)

Hope, that you are right.:)

It's not that simple. You can have a LOC on that property with no intention of selling it. If the price fell as much as 50%, I think that the bank where you have your LOC will be at least worried.:(

Yep, it was in Moscow, late 1998 till the summer of 1999. Interesting times, a lot of people lost up to 60% of purchases in early 98, but some made a fortune buying a year later. :)

I will wait till the middle of 2010. Investing now is to risky. I once saw a market where prices dropped more than 50% in 6 to 9 months timespace and it was realy scary. :eek:

Thanks for your reply. I'll do my research anyway. I've bought places that were recomended, and were not. The results are more or less the same, which are good. :)

Thanks everyone for their replies. I'll search for a better place.:)

I'm also interested in this town. Would love to see any comments from folks that do live there.

Why is lending on this type of properties so limited?

Am I missing something? With a budget like that you can easily buy the same kind of a house two times closer to CBD then Greenwith. Something like Oakden, Windsor Gardens or Gilles Plains.

I'll wait at least 2 years to buy something in Adelaide. My inner voice tells me it's not the right time...