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A holiday house is a 'discreationary' property purchase. Therefore the price and the ease with which it can be bought/sold much more influenced by economic sentiment , than a 'non discreationary' property purchase such as thouse that an owner occupier would be focusing on.

There is a hidden meaning to this quote, its not just about price, but about having a market to sell your position into. When selling it is alway 'easier' to sell into strength because any selling demand is easily accounted for with buying demand. Therefore sometimes its not about...

I useded to agree with this point, but am less so now. When even apartments such as the one highlighted in north melbourne start selling for $540k then there is definately an affordability problem. People look at the status quo for identifying inherent risk. But inherent risk is organic, it...

Player this is a very well phrased post from an investors perspective in my opinion. A very balanced approach to long term investing. Kudos to you.

At the end of the day, property is just to put a roof over our heads. As i said in the above post, this particular property is definately nothing to write home about, it is basic accomodation. North Melbourne is close to the city, but we are not talking about houses, or even townhouses, its...

this is not a trade up type of property, its your very basic 'first home buyers' type of property that some on this board use in their references to those that complain that property is too expensive. These same type of properties(unrenovated though) used to sell for around $100k-$130k at the...

From my old business partner in another business: old house on large land bought in Balwyn in 2008 for $1.3million, built a new house on the land for around $1million, total costs $2.3 million odd, sold at auction for $4.3 million. 200+ people at the auction bidding madly. Now thats nearly...