WARNING Flippant Fun Ahead
Hello All
What the
I thought SS was full of hard nosed, low balling, number crunching investors.
Turns out your all softies for a PPOR with potential: D
And as for Ajax he will buy it out from under me.
Did I say Redfern I meant RedBANK, Red Bank near Bankstown nowhere near Redfern.
Seriously though I welcome every post with sincere thanks.
I have designed probably 200 homes. Won four design awards. No sweat. But design my own home and it is version 34 and counting.
Being a PPOR this is the same.
I met the agents tonight at my place. Some questions to answer and to appraisal my PPOR should we sell. They think $600k which is better than I expected. My agent whom I trust , will do the same tomorrow. More interested in rental though.
Anyhow, the selling agents are IMHO very nervous about this sale falling over.
1week to go and three contracts out and that do not include me. It doesn't fit a market niche which is to our advantage. Too rich for Yuppie FH0, too confusing for Renovators, and too Brothel for Paddington types slumming it.
Will go to auction they say but the vibe I got was "and then we will negotiate." Buyers committed to selling. Hello, desperate vendors.
As I said to Mrs. 147 if only a few things were more tied down (her employer is being bought out) but then as she said when is anything not in flux? A woman’s logic.
In reply
Pete W
You put a good case with the fixed rate IP for three years and then swap the PPOR over as market turns. Appeals to the anti risk me. BTW your logic was pretty good overall to me.
AS I see it , over three years excluding a massive crash and recession I will not lose and be holding $1M+ easily with an investment below at $250 week cash and no land tax or second rates being PPOR. Sounds good hey.
Ani , thanks for chiming in and knowing where you live I know you “walk the talk” regarding nice PPOR’s.
PS your quote will be with Christine tomorrow. Honestly!! I may need the job! LOL
Ajax
All I can say is your comment of
I thought I knew where all the brothels were in Redfern is courageous in the truest Yes Minister sense. Personally I don’t know the swinger clubs but I am proud to say Surry Hills has one of the best in Aust, I am told.
Try Hard
Actually some brothels advertise for financial investors in the business section of the SMH. Personally I think, thugs, aside, would be a great investment.
Mrs. 147 has a different view.
Glebe has feral lifestyle, social issues and poor public transport. Redfern is better IMO but some people love it.
Wish-ga you are must be an agent in a former life.
Unit plus PARKING
I am glad you’re not on the other side. You know the buttons to push. ( I note to most of Australia parking is a given so may I explain. In Inner City Sydney even Porsches are in the street.
It is the ultimate inner city status symbol at dinner parties. I own a Porsche
, I own a Merc
, humm, well I have an off street garage. Game Over!
)
And Ggumpshots. Good point. But we have been here 9 years and this one could easily be twenty years. CG not an issue over this term , do you agree.
Still doing the numbers and will outline more tomorrow.
Peter 147