This is a tough one Ghoti. If the property has other potential uses and users then with a strong return the deal may be worthwhile. But if it is purpose fitted to a singular type of business (such as a bank building, and btw banks are notrious for selling branches on a 3×3 and leaving after the first lease period after getting top dollar for the…[Read more]

Why don’t you call in the army of naked slaves to do the packing while Pinky drools…ahem directs traffic. I’m sure a few guys in the forum will volunteer there services []

RUN FOR YOUR LIFE. Is a tiny place in the middle of nowhere, former mining town gone bad from memory. Nothing attractive about it. Less than 1,000 population. Do a google search and you’ll find everything you wanted to know about it.

My partners and I fell into an arrangement with someone met via work. A chance meeting ended up with us suppling cash for a great return – 40% for 3 months.

As for finding wallets, may be difficult – perhaps someone on the forum may have contacts.

For us as wallets, it depends on timeframes and returns.

Hi Pritts,

I have several in Lton but things have really heated up in the last year. I am starting to see some easing in prices asked however. My opinion is that things will really settle down in the north and probably stagnate for a few years like it did during the 90’s.

Don’t rush in – there’s a bargain around the corner. And avoid the bad…[Read more]

I feel a little junior now being lower case []

Welcome capital Polar.

Might be time for a name change for me – is “King of the World” too long [?]

Who stole my name!!!

Namaste,

Serviced apartments – beware of high mgmt costs and the fact they can be a difficult investment to make a capital gain on and to actually on-sell.

Commercial – Remember that vacancy factor can be much higher in commercial properties so make sure you aren’t rent reliant to meet repayments.

Hi Nathan,

you may find some valuable info by searching for serviced apartments in the search function. There have been several lively discussions regarding this type of investment with most opposed due to it being a niche market, high mgmt fees, difficult to sell.

Personal opinion only but there seems to be a glut of units in Melbourne and developments being cancelled. I think the unit market will be hardest hit by further rate rises or falls in property value as they don’t have the most valuable piece – the land.

57 – oh god It’s worse than I thought. I had repressed all these memories and now they are overwhelming me!

sob, sob.

The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil men.

Blessed is he, who in the name of charity and good will, shepherds the weak through the valley of darkness, for he is truly his brother’s keeper and the finder of lost children.

And I will strike down upon thee with great vengeance…[Read more]

Hi Jason – hope we are talking about the same Campbelltown (Midlands hwy Tasmania – near Ross). It has a really low and ageing population, the hospital has closed, there are no real industries nearby, one of two service stations has closed down.

It has never been a huge place (my father is from there) but it is too far from the 4 major cities…[Read more]

30k out of major cities is a long way. Tas has gone so far in the last 18 months – we have 3 places that have more than doubled in value but they are in major cities.

If they are deadbeat towns (depends which major city they are near I guess) I’d start spreading my risk a bit. I wouldn’t like to be holding in somewhere like Baghdad or…[Read more]

I’m not a fan of CBA even though (more likely because) I worked there for a number of years. Things like this just give people the irrits.

I sometimes wonder if certain organisations (like CBA) attract certain kinds of staff (little hitlers) or whether the system turns the staff into these kinds of people.

I can see your points but the term bust is relative. A fall in value in property is not the same as a share market where values fluctuate by a good deal. Stocks are much softer than a few years ago but are a highly liquid investment.

Many people will get nervous if the market softens irrespective of market forces or interest rates. Selling…[Read more]

Can anyone say “Self-fulfilling prophecy”?

Is the burst to be caused by people starting to panic rather than interest rates or economic downturns.

Highly leveraged (or not) individuals reading constant doom and gloom articles produces a glut of property for sale – prices forced downwards to effect the sale, a never ending spiral of paranoia…[Read more]

LMAO Arty [][][]

Rest assured my intentions are pure…but I’m not springing for diamonds!

BTW I thought diamonds, flowers and chocolates were only reqd pre-relationship.

Pinky has no right to expect these things when she is married []

Serious post (for once)

oh oh oh – Burt Bacarrach – What the world needs now

BTW check out the Notting Hill soundtrack – it has some great wedding songs – we actually used it at our wedding

Divisions between “newbie” and “old timers” is a bit childish really. There are certain regular posters who seem to think that length of time as a member results in entitlement or exclusivity.

Let’s focus on the important stuff – investing. Ask questions, answer questions.

I do still maintain that you cannot take advice as 100% correct, you…[Read more]