when i get the chance will pull out all the figures, block sizes, dates to justify my theory. you gotto work on hard stats annie. u know that right?
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i will ASK you again
where are the over 600SQM BLOCKS. How many have been sold? and has any one bought a 600SQM divide into 2 blocks?
My SIL is currently doing a subdiv on her property in The Pines. It is over 700sq/m
You're right, Melbournian. You've been very generous so far posting the data on this. It's important for the newbies who might be reading to know that the pre-eminent factor in this caper is the numbers. That - and knowing your market: what they do, what they earn, what rent they can afford, etc. I have lived in the area for 9 years and it's well-known that I'm generally a Frankston fan. But I wouldn't be paying $300k right now for 600sqm in 3200 when a small premium will get into 3199, an area where more people want to live and without 12% of dwellings being public housing.you gotto work on hard stats annie. u know that right?
So in essence the validity of your argument is that the quality of a post/thread is determined by the duration of membership to this forum.
You have been 'around' for a while, so in your opinion, this forum should only contain posts that serve as information for someone with a longer membership spann.
Mmmm ok.
By the way i have been around longer than the time of my joining as per Intrinsic Value.
You're right, Melbournian. You've been very generous so far posting the data on this. It's important for the newbies who might be reading to know that the pre-eminent factor in this caper is the numbers. That - and knowing your market: what they do, what they earn, what rent they can afford, etc. I have lived in the area for 9 years and it's well-known that I'm generally a Frankston fan. But I wouldn't be paying $300k right now for 600sqm in 3200 when a small premium will get into 3199, an area where more people want to live and without 12% of dwellings being public housing.
I am sharing my own experiences with anyone who cares to read my posts. Nobody is being forced to read what I write or buy what i buy. I've never claimed a monopoly on all wisdom and have frequently asked market outperformers to share their own experiences.
I've repeatedly told people to do their homework. I've often said that the suburb isn't for everyone - its a cheap, working class neighborhood. Just because its been good to me does not mean it will suit everyone. If people consider my conduct to be spruiking, so be it.
Melbournian, I've been pretty open with what I'm doing. Perhaps YOU can share your own experiences? You claim to have been in and out of 5 properties. Care to share, as I have been doing? What suburbs were YOU in? Or, like Token Funder aka Don Quixote, will you be silent about where you have bought and how long you have held?
PS. Good luck with Black Scholes and "i"......its a bit mind numbing isn't it? And if you are relying on Feng Shui, good luck to you - you clearly have a scientific and methodical mind when it comes to investing. I get the feeling you belong in SS more than i do.
Melbournian, I've been pretty open with what I'm doing. Perhaps YOU can share your own experiences? You claim to have been in and out of 5 properties. Care to share, as I have been doing? What suburbs were YOU in? Or, like Token Funder aka Don Quixote, will you be silent about where you have bought and how long you have held?
PS. Good luck with Black Scholes and "i"......its a bit mind numbing isn't it? And if you are relying on Feng Shui, good luck to you - you clearly have a scientific and methodical mind when it comes to investing. I get the feeling you belong in SS more than i do.
annie lumen;788131? PS. Good luck with Black Scholes and "i"......its a bit mind numbing isn't it? And if you are relying on Feng Shui said:Hi annie
Why is it that on one thread you are crucifying others for racism and cultural insensitivity, but here you actively partake when your money is involved?
Hi annie
Why is it that on one thread you are crucifying others for racism and cultural insensitivity, but here you actively partake when your money is involved?
Racism? I have never called any forumites racist so far. Please don't put words in my mouth. There's nothing racist in "Black Scholes" by the way - its a means by which options can be valued.
Cultural insensitivity? Are you referring to my rant against rapists in the military who go unpunished. Or my reference to feng shui? Really, I've got nothing against feng shui. Whatever floats your boat mate. If it works, do it.
Money? Yes, I like to make a few dollars once in awhile. Don't you?
Racism? I have never called any forumites racist so far. Please don't put words in my mouth. There's nothing racist in "Black Scholes" by the way - its a means by which options can be valued.
Cultural insensitivity? Are you referring to my rant against rapists in the military who go unpunished. Or my reference to feng shui? Really, I've got nothing against feng shui. Whatever floats your boat mate. If it works, do it.
Money? Yes, I like to make a few dollars once in awhile. Don't you?
thanks ms jade
here are some stats (sorted by size of land!)
Street Name Date Sold Size Price
Mitre Cr Dec 2010 1058 335000
Ribbon Ct Jan 2011 984 320000
Armata Cr Dec 2010 797 357000
Lacenet Av April 2009 745 219000
Aurea Ct Feb 2010 745 260000
Moreton St July 2010 727 380000
Windoo St May 2010 718 303000
Windoo St Oct 2009 715 260200
Jarrah Ct March 2010 715 280000
Monterey Blvd Oct 2010 706 300000
Bouvardia Cr July 2010 704 294000
Norfolk Cr Nov 2009 700 264000
Windoo St May 2010 700 300000
These are the only worthwhile sizes that were sold. Others are just too small block sizes. So it is really just a handful in frankston north. Again without looking at the actual block - as some could be easily divided whereless some could be harder and would require the existing house to be demolished.
i would say 280-300K is a good buy for anything above 700sqm. Best buy which was sold was the 1058sqm as it could possibly be subdivided into 3 thereby making it a very good investment (in terms of potential CG)
that's understanding the suburb as opposed to just ranting abt the suburb.
My block is 680sqm, I bought it for $280k (Feb '10), it's solid brick and has the potential to keep the existing property at the front and to build a property at the back - at the right time.