Thanks guys. Another problem is i have no idea what they would be worth.I am watching what similar blocks and units are going for but my initial offer has me stumped. How would you guys go about it.

I paid $450 but im in a smaller town so may be cheaper there. .The $2500 was a stabin the dark as each item may be depreciatable over a different lenth of time

blogs wrote:

devo76 wrote:
Yes there might be a down turn but do you plan on selling during that time. If you hold a property for 20 years you may see a couple of downturns but you may also see a couple of booms.Only sell during a boom. Never sell during a slump.

If only it were that simple………The reason for booms is everyone is making…[Read more]

Yes there might be a down turn but do you plan on selling during that time. If you hold a property for 20 years you may see a couple of downturns but you may also see a couple of booms.Only sell during a boom. Never sell during a slump.

Take your wage   Lets say  $80,000Add rent                                   $18,200Your taxible income is now  $98,200Now minus Interest At 7.5%  $27,000Rates                                          $1,500Property manager fees            $1200Insurance                                    $500Maintenance                          …[Read more]

I might be wrong but i believe it means know the market surrounding the property and recognise a property that is asking less than similar properties in surrounding area.They may need to sell or it has a few easy fix problems that are making it sell for less.As far as buying under the medium house price. i believe that to be a good practise more…[Read more]

My salery goes up with cpi worked out from march to march. I was told today that the last year showed no cpi rise.What the !!!

My IP was built in the 60,s but had a major reno. a quantity surveyor valued the reno at $115,000 for capital works and $15 grand for depretiable things like shutters etc. Well worth doing

crashy wrote:

devo76 wrote:
[Ummm. Nsw flat for some time now. Perth  peaked, the same for Darwin.SE QLD doing well but. Low affordability. Rising interest rates.

NSW flat? not according to REIQ or RPData. Most suburbs I looked at in Sydney are up 15% this year. Perth peaked? only if the commodity boom is over, which is a brave call. Rising…[Read more]

crashy wrote:
mahahaha "more or less finished" I remember people saying that in 2001. What downturns are you referring to? I wouldnt worry about trying to predict future opportunities until you have a handle on current ones

Ummm. Nsw flat for some time now. Perth  peaked, the same for Darwin.SE QLD doing well but. Low affordability. Rising…[Read more]

Tysonboss1 wrote:
G'day Devo76,I think blowing money sensly is very over rated, I livd by the rule that I should always spend less than I earn since I was about 17 I have just turned 25 and it's my plan to have Financally freedom by the time I am 30, So i don't waste any money on the doodads that some people treasure so much, I am of the o…[Read more]

So most agree a recession is comming in the next few years. Does that mean the areas booming now are going to bite investors the most if they buy just before the impending recession. Or will ther strong growth help prop up values. Im thinking south east qld.

My prediction 12 monthsProperty  Prices                up a bit moreDebt                                    Up a bit moreRecession                         A little bit closer (2-5 years)House bargains                A little bit after the recession

Nowra on the south coast is still fairly flat although better properties ignore this trend and have seen some better gains.I checked out a 1680 square block  in nowra cbd with rented house at the front. Good potential to develope but i feel the expected sale price of $350,000 is a bit high.Hopefully the new road connecting nowra to canberra via…[Read more]

Hi tracdy. Yes i will kind of invest it . It will be used for extra payments of my PPOR.The thing is i recieved a $10,000 per year payrise just after setting it up. By my calculations the difference should only be $1,500 extra tax to be paid per year.My taxible income will rise from the $54,690 to$64,690 . I will owe the 30% of that but currently…[Read more]

I love my job so early retirement is not important. im a aircraft engineer. I have a great income and travel with the aircraft regularily seeing many new places at no cost to me. My investing goal is to retire comfortably and enjoy life all the way through. Plenty of toys,plenty of fun and retire to my beach shack at around 65. Too easy.

Ok thanks for the reply,s.  The general ldea i am getting is a half decent investment property may suffer a period of low or no capital growth not nessisarily go down. I believe my property falls in this catergory ( 200 mtrs to cbd,high rent demand, unique property)My PPOR should be paid of in the near future then allowing me to get the IP loan…[Read more]

L.A Aussie wrote:
1# Does a bust always follow a boom2#Must housing value drop and can it just stall3#Will the mining boom postphone a bust or can you bust even with the china fueled mining boom.4# Can a change in government really bring a bust or is it just a bad time to win.It depends what you call a bust.In recent years there have been a few…[Read more]

Umm ?. Wow i wasnt expecting that response. I thought everyone agreed that australia has expierianced a housing boom which ended recently.

foundation wrote:
Solon's warning to Croesus: Croesus, a very wealthy man indeed was perturbed that upon visiting and touring his palace, Solon appeared completely unimpressed by his wealth. "Who is the happiest man alive?" he asked Solon, clearly expecting Solon to pronounce him the wealthiest and happiest. "For thyself, O Croesus," replied…[Read more]