[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 21, 2011 - 12:43 am

Saw that one but decided I prefer something with 4 walls

I know my pickiness has priced be away from these more convenient suburbs so I'm relegated to continue looking at ermington / rydalmere / dundas / carlingford etc

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 21, 2011 - 12:28 am

So are you saying each and every bidder would have spent $600 on each house he bids on?

Basically what I'm trying to get at is if you have a dodgy house, auction is the way to sell it.

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 19, 2011 - 10:57 am

Can't afford St Ives / Chatswood – maybe in 10 years

So what's with the North West metro line – what's the current status of it? and who do I vote next election for to get it up?

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 19, 2011 - 5:29 am

Thanks for the good replies, much appreciated

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 18, 2011 - 1:13 pm

JacM wrote:

Because the expected extra value growth in the first year alone is 2%.  That's $2000 per $100k of starting value.  So a house worth $500k at the start of the year you would expect it to grow an extra $10k in the first year in the 7.5% growth suburb.  That might not sound that interesting, but when you think about the fact that over the years you are talking about compounding interest, the difference becomes enormous. 

sorry not sure what you mean – could you elaborate?

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

September 4, 2010 - 10:49 am

Thanks for the replies

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

August 28, 2010 - 10:29 pm

Thanks for the comment. I know it’s a good area but just concerned how I should interpret the region’s lackluster past long term growth rate of 5%. should i worry about this at all? Some have told me it’s better to go with suburbs that have had a strong history of sustained growth but at the same time I know it could be that yesterdays losers are tomorrows winners…

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

April 5, 2010 - 1:51 am

Hi Richard

Yes I understand the rules, my partner and I are not married – we're not anything on paper.

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

March 17, 2010 - 10:14 pm

ClintHarris wrote:

echelon6 I'm in the same boat only 23 and similiar capitol. 

I'm going to head down the reno path sometime early next year.  I'm currently weighing up whether to use the no stamp duty and FHOG option or scrap them both and avoid moving. 

There are a few lower cost Townhouses that pop up on occassion in Balmain around the $500k mark.  I've got my eye on them and would like to add value to one with a 70-100k budget for renos.

Let me know which path you're considering to take as I would be interested to know more and bounce ideas.

Not sure in terms of what path, at the moment just looking for an asset class in which to park my cash

but I'll be trying to learn as much as I can before committing to anything at the start

[echelon6Member@echelon6Join Date: 2009Post Count: 19]

March 17, 2010 - 2:44 am

Hi number 8 – that's very generous of you to offer your time !

I'm keen to have a casual chat with you about investing. I'll PM you to make arrangements