Search results

Thats Great RElf - care to tell us which town and why you think the BPR is so much lower? a clustering of housing commission on the bad side perhaps?

When the Bogan Penetration Ratio "BPR" is less than 35% you can choose to avoid them. When the BPR is say 60% you're at risk of class dilution

Hey thanks thats good to know - nothing like local knowledge in RE

As I said somewhere above my property strategy is to always buy something I would be happy to live in myself - this has many benefits to me. If it goes up great, if its positively geared great, if it stays flat or goes down and is negatively geared then I can always use it for my family.

I spent the first 20 something years of my life getting out of a place like this http://www.smh.com.au/news/national/macbeth-way-blood-feud/2009/01/06/1231003971056.html?page=fullpage#contentSwap1 A volatile mix of alcohol, weapons and summer heat led to a violent brawl between two...

hardly evil specufestors are we? I plan to keep them in my own name until death and then into a testamentary trust, this will provide the ultimate in security and tax advantages. My kids will still be expected to work hard and buy their own places - its just as security / fallback and...

Thanks Shadow - the properties will be to give to my kids as a fallback position should they ever come across hard times. (divorce, job loss, other hardship) I am happy (yes happy) to drop 30K p.a. * (pre neg gearing) in addition to the rental income into the repayments to make housing...

And your taxes pay for them to be there

Thanks - the northern beaches hold great apeal to me. and out of 20 lowballs Iam sure to get 1 or 2 hits. Not many people are prepared to admit this but the great "boogey monster" about Lower priced (sub 400K) Sydney unit living is "scumbags" Thats right - welfare sucking losers with...

$355 means that I lowball at $300 and start talking from there. If they say no* there's always another one next week. *and I will NOT feel embrassed in front of the REA submitting this offer to them in writing.

something like this http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007528305# brick = no concrete cancer, no lift = low strata walk to shops and main road buses (but not too close for noise factor)

I am looking to buy 2 X 2 bedder units on the northern beaches in the next 18months. What do you guys think ? - I am hearing* a lot of "doom and gloom" about the top end in plam beach but not in the 500K unit zone * but not seeing it