But if you sold the house after ten or so years it would be a no brainer

Did I miss something ? Many here speak like there has been no correction. I live in a regional city in nsw and our values are still below 2004 values. Add inflation and things get worse. I didn’t cry about it . Instead I took acalculated risk and bought at well below 2004 values both in 07 and right now. Yes I understand that some segments of the…[Read more]

I personally have an investing window of a minimum 20 years. Thats the earliest i would start to want to cash in on investing. So if you plan long term you should be fine. Like many say. Do you really care if your $300,000 house drops to $275,000 in the short term when in 20 years it is worth $1,000,000.

Lalibella wrote:
Hi Devo, I'm unsure what part you don't believe. The first line was a joke ( google sense of humour) However the rest, I'm afraid is true. No I wont disclose his address or even city. Its tightly locked away and is not driven or shown hence is never seen at shows or rev head picnics etc.

Nothing wrong with my sense of humour…[Read more]

Lalibella wrote:
Well ,Ford Phase 4 GTHO Falcon actually. Great to drive to work each day……My brother just met a guy who bought one in the seventies for 20K. Has sat safely in his garage since then, rarely driven.Now worth…..? anyone's guess.Google it.

Umm I dont think so.

It will depend on specifics of your offer as you can negotiate many things. Generally a deposit given before contract signing will be refundable as long as you note in your offer that it is conditional to finance approval building pest etc.

I made an offer last week prior to auction and it was accepted. Now i am rushing through building and pest inspections . Finance although it will not be a problem will still take a week or two. This is the time when anyone can buy it out from under me.  I attempted to offer a reasonable deposit now and sign contracts before finance willing to lo…[Read more]

You may be able to make your offer before the auction. This may give you time to do your inspections after offer acceptance but you run the risk of someone coming in higher. You are only safe after the contracts have been signed. Some people manage to negotiate a extended coolong off period so they sign straight away and do there inspections…[Read more]

A sustained turn around would not suprise me. A few years ago i was just about to jump on a christies beach property.Turns out around 2 years later the same property achieved over 50% growth before subdivision( Big block). My target after that was a unit in a converted wharehouse in chippendale. Units in the same block a year on have an asking…[Read more]

blogs wrote:

devo76 wrote:
Fair point. But picking the bottom to buy is a hard thing to do. If the numbers stack up then it shoudnt matter. If my parents bought there home many years ago for $35,000. Do you think it matters now if they could have waited for another year and got it for $32,000. Its value today makes these figures redundant. To…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

devo76 wrote:
I love it when these for and against property investing post pop up over and over and over both on here and somersoft. The for posters are here for the right reason. The against really need to find something better to do with there spare time.

I love it when people arent bright enough to realise comments such as…[Read more]

blogs wrote:

elkam wrote:
I love it when the figures used to support huge house price falls are all for properties in the $ 2 / 3 / 4 M bracket. Even in the suburbs mentioned there are properties for more "normal" people. What has happened to those? 

I love it when property bulls are more than happy to use figures when they were indicating pr…[Read more]

if you really like it that much. I would keep it to myself until after purchase.

hbbehrendorff wrote:
http://www.news.com.au/business/money/story/0,28323,25288311-14327,00.htmlAUSTRALIA is facing a homeless crisis with more than 200,000 tenants in rented accommodation forecast to face eviction by next year – 80,000 in NSW alone.Research conducted for The Sunday Telegraph by Fujitsu Consulting shows that as many as 183,000…[Read more]

C2 wrote:
Perpetrator,I'm with you on this.  Too many investors appear to be forgetting to enjoy life's little pleasures that property investing can bring.  One of my hobbies is cars and especially those that appreciate not depreciate when structured or bought the right way.

Your spot on. I just sold my last toy and made over $100,000 profit T…[Read more]