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  1. Piston Broke

    Sydney CIP

    book2: revelation So what changed? Everything! The whole economic landscape. The "unprecedented", "unpredictable" GFC lol. But it was nothing new, it was'nt even a one in twenty year event. Was it no demand? There were plenty of buyers all the way down in the share market. Plenty demand...
  2. Piston Broke

    Sydney CIP

    book2: revelation So what changed? Everything! The whole economic landscape. The "unprecedented", "unpredictable" GFC lol. But it was nothing new, it was'nt even a one in twenty year event. Was it no demand? There were plenty of buyers all the way down in the share market. Plenty demand...
  3. Piston Broke

    Sydney CIP

    I've seen it happen on vacant land, vacant CIP and leased CIP. Wild stuff really. No it was not vacant. before 4.9 the price was 2.4 and rent was ~260k. At 4.9 rent was'nt much over 300k. At ~2m rent was ~200k. And just to be clear, those numbers are over a time span of ~20yrs. "supp & demand"...
  4. Piston Broke

    Sydney CIP

    From my POV CIP has a very different risk category than RIP. Price flutuates much more, and the lending banks also see it very differently as well. When ReSi values go below loan amount, the gov has always stepped in one way or another. For CIP this has not happened. If a CIP goes from 5mil to...
  5. Piston Broke

    Sydney CIP

    True, so I'll expand a bit more for clarity. By "risk" I also mean price volatility. So if you chart prices, or even approximate valuations & prices over a long period of time there is a great deal of variation between peaks and valleys, deviations or wateva u wanna call'em. Commonly known as...
  6. Piston Broke

    Sydney CIP

    Sounds like a bad deal to me, I have bucklys and none intentions of ever dealing with a promoter. I know of plenty investors who don't need them either, maybe you should find some. Why buy CIP at 6% and 30% deposit, pay promoter fees when you can buy resi with the same return, 20% deposit and no...
  7. Piston Broke

    Sydney CIP

    It seems there's people outside Sydney too... This place looks familiar, wonder how high it can be built. http://www.realcommercial.com.au/cgi-bin/rsearch?a=o&id=2745766&fmt=&header=&c=51326325&p=10&s=nsw&snf=as&t=com&tm=1271068466 Though given the location I would'nt expect high yields...
  8. Piston Broke

    Sydney CIP

    Interesting that today I get spammed by Chris Lang about some overpriced cubicles in some office building innit? Yet a syndicate has way less options trying to keep everyone happy. I only have to keep one person happy and i can find my own properties, if they don't find me first.
  9. Piston Broke

    Sydney CIP

    As Dazz points out, most experienced investors have higher yield expectations because they know the volatility and risk involved. Also I think many of these properties were bought for more than they are now selling. In the lower prices, yields are smaller because it's in the "mum's & dad's"...
  10. Piston Broke

    Sydney CIP

    Unless you have already established LOCs that can be used. Or your resi equity is way over the amount your borrowing, ie 60% LVR no-docs. Again 100% finance is risky imo, though if your on >300k salary on a long term contract, it could be a different matter. Yep! Though he did point out that...
  11. Piston Broke

    Sydney CIP

    I mentioned before I was doing some research into Sydney CIP. As also mentioned I still believe the market still is'nt going anywhere for a while, though interest rate increases could lower prices. So I aint i no hurry atm. What I'm seeing so far is fairly often returns of ~9% before...
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