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Just thought I'd add to this thread, the subject property is: 239 The Grand Parade, Ramsgate Beach The property sold in March 2014 for $2,620,000, see the below ad: http://www.realestate.com.au/property-house-nsw-ramsgate+beach-115991899 It is now for rent, the asking price is $725...

Lol are you guys even reading what you are writing???? Firstly @ Nek "You might not think there is no intrinsic value attached, that's your opinion which you're entitled to." I refer you to my first post where the net yields are between 2%-3%. Properties yield is its intrinsic value...

Nek & see_change Your desperate attempt to justify/defend your speculative ventures is hilarious. Whats better is that its all the internet permanently for all to see. @ Nek - I am not denying that the listed areas such as Sans Souci & Caringbah are not speculative investments I just...

Keep eating your words my friend. Straight from wikipedia. See underlined areas. Speculation is the practice of engaging in risky financial transactions in an attempt to profit from short or medium term fluctuations in the market value of a tradable good such as a financial instrument...

I pulled this little beauty from investorpedia. BTW rent underpins the intrinsic value of property. Definition of 'Speculative Bubble' A spike in asset values within a particular industry, commodity, or asset class. A speculative bubble is usually caused by exaggerated expectations of...

Pure definition of speculation not investing. Well done.

I think residential property is a very good play, my concern is just when interest rate rises what will happen to people with high leverage. I think residential property is a great vehicle to store wealth made from other ventures. Do you condone the strategy that requires people to go into...

Big assumption there friend. Almost like investors buying on 2% yields hoping for capital growth to save them from bone crushing interest repayments.

brisbanebud can you afford an additional 5% basis points on top of your interest repayments, by my calculations that's an additional $500 a week out of your pocket of just interest if you used a 20% deposit. Also I don't want to buy in those outer inner western suburbs, why spend $1,300,000...

Good timing, my point is what happens when interest rates rise. Your costs to hold will increase. Lets say its worth $1,300,000 now but interest rates go up 1% over the next year. Unless you are fixed your costs increase and prices fall a little to $1,100,000. No biggie, you paid $980,000...

I do child care centres, long reliable 30 year leases, 10% Net minimum yields. Banks love them as collateral, i think they secretly wish I go bust so they can take them off me. Centres in inner Sydney are now almost trading at 5% yields, I saw one in Haberfield go for 3%.

Understood Propertunity However, not everyone is as forward planning as you are. The alarm bells go off when interest rates go up and the market stagnates or even falls. With interest rates going up as well as the high maintenance cost on these older houses will make it hard to hold. Its...

When interests rates rise the outer inner west of Sydney will be hit hardest. The outer inner west of Sydney for me is: Croydon park Burwood Heights Homebush Strathfield Haberfield Belfield Ashbury Campsie Properties in these areas are selling at similar prices to suburbs such...