Cheers Richard as always for putting this up, I hadn't heard I'm sure all the banks will be running faster than the horses in the Melbourne cup.D

I'd vote peak and possible heading toward a decline.In the back of API mag they have the cycle and where the "experts" think that each city is, having said that it still depends on the suburb as some are outperforming the market.D

Woodie,I'm up the road from you mate I don't think Ashburton is such a bad buy, nice gym/pool, shops etc. Rail, good schools in close proximity. Chaddy…Biggie for me is Warrigul RD.There are plenty of people living along it, people with kids and huge gates to keep said kids inside. I would go at every possible time of day and look at access and…[Read more]

Yeah spot on Matt007, presales are now my bestest buddy D

I'd buy that for a dollar I've had other developers tell me that they work in "high teens" percentage wise. I always understood it to be a 25% profit that was aimed at but having said that if 25% is a profit of $50k and you spent 18–24 mths on it then it probably would not be worth it. Depends what you think is a good profit, how much time you…[Read more]

Good luck Sonyasal,Hopefully the PM has got their act together. Maybe request some interior photos to make sure they have at least inspected the property, the camera can time/date stamp the pic. You may need these anyway if their is any damage etc. My fingers are crossed for you, I'm hoping for the best out of this situation.Good luck.BTW, the…[Read more]

Hi gang,The revised edition of 0-130 was published last year and has been revised to include new rules for finding cf property and is probably good if you haven't read any property books. Have a good time learning D

Hi Sonyasal,Sorry to hear about the absolutely s%^thouse managers. One of our good managers knew there was a problem with one of ours and went and collected the rent every week. She hadn't heard from the tenant for a while, chased them, found they had moved into a new apartment in Melbourne, chased the dad in India to pay the money owing (bout…[Read more]

Thanks Beedie,It is food for thought. Very interesting from the point of view that buyers are not willing to settle (no pun intended) for low quality product and also that they don't want what is currently offered in the form of new apt and townhouse developments. The only problem isthere isn't enough land close to infrastructure to provide…[Read more]

Thanks Beedie,It is food for thought. Very interesting from the point of view that buyers are not willing to settle (no pun intended) for low quality product and also that they don't want what is currently offered in the form of new apt and townhouse developments. The only problem isthere isn't enough land close to infrastructure to provide…[Read more]

Hey dtrump,Just do the maths on how much it will cost to make sure there is no false economy with this. $15×52 = $780, $30×52 = $1560. As long as the costs of replacing the tenants don't exceed the rent you will make you should be ok. Don't underestimate the value of a tenant that has been in a long time, they are often unwilling to move and will…[Read more]

Hi all,The vendor may not accept terms like the ones above, just because they will want as close to unconditional contract as possible.You will need to give the tenant 60 days notice of rent increase after you take possession of the property (have done it before). You may want to get them to resign a 6 month lease and get half the amount extra…[Read more]

ummester.Having grown up dirt poor, always renting, there are cheap rentals if you want them. My parents bought their first house when I was 18, we moved from house to house (3 in the one suburb) with cheap rent. I do agree that there are investors who are basically slum lords. They don't fix anything, tenants live in shacks and are trapped as…[Read more]

Yep have to agree with those points Scott.Don't get me started on transport and decentralization.There should be infrastructure put in place now such as a bullet train that links major cities to prepare for the population growth. At least in the 50's they built things like dams etc or we'd have nothing now.Short sightedness is ruining this country…[Read more]

Great post Scott No Mates. Is there a lack of any housing policy from yet another govt or am I out of the loop?Might have forgotten to blame those pesky investors ; )Time for the low cost housing revolution, get in on the bottom floor….D

Hi usual gang This guy is talking about NY. Yes The rent is probably really high as the huge population all wants to squish into that tiny area.Down the street from me is a perfectly good house for $550 pw. The median house price in that area is 1.2-1.4 mil. Across the road is a house that is rented for $360 pw. Once again value of house $1.2 mil.…[Read more]

Yeah have to agree with you gronk007, those areas are done, but people are still buying in. Box Hill has so much planning and infrastructure happening that it is a great area but the price is hideous. Still going back to Boronia and Bayswater, Boronia seems to have stabilized nicely with more stock on the market putting a floor under prices at…[Read more]

Hi great thread,Always ask for a discount, especially at Harvey Norman (lol). No really, I don't think I have bought anything recently that I didn't get a discount on.Shop for kids clothes for next year and next season at the end of season clear out. The Target near us sells off kids clothes for $2.86 (stupidly cheap) I just take a guess at the…[Read more]

At the risk of sounding stupid,Why are we minutley discussing some random people who may or may not be losing money. Does this last 10 years portend the immentnent crash of the whole Australian property market? I think not. Once again if people have lost money in the last 10-5-2-1 years by investing in property you have to ask yourself how that…[Read more]

Ben and Mina,That is pretty disgusting! I worked in sales for about 8 years and I remember helping a customer who no one else would based on how they were dressed. Meanwhile they bought something VERY expensive, they were farmers and had plenty of cash but were not dolled up. It is a very important lesson to learn not to judge people based on how…[Read more]