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  • Profile photo of BenEdanBenEdan
    Participant
    @benedan
    Join Date: 2008
    Post Count: 5

    Hi,

    Here is a short article on the ABC news site regarding property prices in Moranbah http://www.abc.net.au/news/stories/2008/09/11/2361546.htm?site=tropic.

    My understanding is the higher end of the market is for the newer houses and you can still pick up an older house in the $400's. Is this correct?

    Cheers

    Profile photo of BenEdanBenEdan
    Participant
    @benedan
    Join Date: 2008
    Post Count: 5

    Hey ummester, you sound like an investor to me, or are you looking to purchase your PPOR? Allhomes – must be looking in the ACT/southern region. I know what you mean about nothing under $400K last year. I don't think it is just property investors selling up, I think there are alot of home owners selling up as they take packages following the cut backs introduced by the new the federal govt. This area always gets slammed whenever there is a change in government, no matter what side of politics you sit on.

    Best of luck with your deal hunting!

    Cheers

    Profile photo of BenEdanBenEdan
    Participant
    @benedan
    Join Date: 2008
    Post Count: 5

    Hi Guys,

    I've been reading this forum with interest for a while now. Thanks for the fantastic info and for your willingness to share it. I'm probably too late for this market but I'm going to start contacting agents today. I'll let you know how I got on.

    Cheers

    Profile photo of BenEdanBenEdan
    Participant
    @benedan
    Join Date: 2008
    Post Count: 5

    I've read Steve McKnight's '0 to 130' as well as '0 to 260+'  and found them to be both practical and inspirational.
     
    I've read a few Margaret Lomas books but found that I was mentally comparing and cross checking with Steve's advice. I guess there is something about Steve's writing style that really appeals to me and his investment methods also strike a chord.

    I also read Helen Collier-Kogtevs '47 Biggest Mistakes…' and found her stories interesting but if it is a practical how to guide your after then this isn't it. As the title suggests it is more about what to avoid based on her and her clients experiences, rather than a practical how to guide.

    I gave Robert Kiyosaki's 'Rich Dad Poor Dad'  a go but really struggled through it. He laboured his points and after reading other investing books I didn't feel the message was new. I felt that other authors have taken Roberts message/teachings and have developed them further.

    My best advice is to read wide and far – you never know when you might find some gold.

    Hope this helps.

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