This is my biggest beef with the issue:
the Cornerstone Christian Community Church as one example. It used its tax-free status to run a chain of pizza parlours in direct competition with other fast food businesses.
Seventh-Day Adventists own Sanitarium, which turns over $330 million a year but because it’s a religion, they don’t pay tax,” Ms…[Read more]

As I looked at the freshly painted bowed weatherboard panels I thought they had spent time and money but this is still worth barely more than land value. Made me wonder why ????Odds are they’ve left real jobs to pursue ‘property developing'[blink] full-time having had phenomenal success with a couple of minor renovations over the preceeding years.…[Read more]

Padmaa:
borrow of your equity to live and one of you can give up your job – NOWDo you honestly believe that to be a good strategy? That ‘equity’ is not money in the bank, it is simply collateral against which money can be borrowed. Is it a good idea to suggest that det & family use DEBT to fund their living expenses at the (likely) halfway point…[Read more]

BigJobs, that is a high risk investment apparently posing as something else altogether. There is nothing wrong with risk, providing investors are fully informed.
they offer 9% for 12 months fixed.No, that is not what they are offering at all. That is the current return for people who are/have been invested in the 12 month option.
If you were to…[Read more]

I would say with your financial situation that now is the time to position yourself in the market. As long as you buy well and below the asking price of the vendor
I agree. 35-40% below in most cases![biggrin]

Foundation, we might join you on the sideline for a bit. Sounds a bit more relaxing anyway.

Sure it’s relaxing, but not boring! There are plenty of ways to speculatively invest smaller amounts of money – you don’t have to go the whole ($650k[blink]) hog! Precious metals, art, collectables, call options… done well , any of these could have…[Read more]

Hi Det,
I’d think you have little to lose by waiting and watching. Speculating on capital gains today is for fools (IMO). If it’s CF+ you’re after, make sure you factor in a couple of extra percentage points for interest rate rises. Whilst some will buy a property yielding 7% (after subtracting a 20% deposit!) and try to pass it off as a safe…[Read more]

the rolling statistic quoted is just a ratio of new listings coming in the door and sales going out the door. The turnover would be almost 100% of the stock as time progressed, with some months sales figures being higher than previous months listing figures etc…eg sales for Jan and Feb might be treble what the listings are for June and July.…[Read more]

Perhaps I am misunderstanding the ‘sales to listings’ statistic, but doesn’t The ten year average sales to new listings ratio in Perth is 55%. imply that 45% of houses listed for sale in the last decade have either been withdrawn from sale or are still listed? Or by ‘average’ do they mean median?
Can anyone explain this to me?(please speak…[Read more]

glad now that we haven’t sold up
Well I think you’ve answered your own question!
Cheers, F.[cowboy2]

the bloody thing is still under warranty for another 18 months….so why would we waste money getting it serviced when we can get it fixed for free.So what’s your problem with the condition on the lease then?
Is this allowed???A landlord can add pretty much any condition they want to the contract but you don’t have to put your name to it. If you…[Read more]

inflation was way more than now….and the higher inflation justified rapidly increasing house prices. That is why this boom is different to the others (oh, and the ease of credit, the breadth & depth of the ‘property investment as a path to riches’ mentality, the unprecedented levels of household indebtedness etc). House price inflation…[Read more]

I’m not sure we had a plan for the property when it became an IP. It sort of just happened by default because we couldn’t sell it. It is in Melb in a good area.Houses in good areas will always sell. If yours didn’t it was because your asking price was higher than the buyers were prepared to pay.

Everytime we have a valuation on the house it has…[Read more]

…and with another rate rise this month almost a certainty, those ‘motivated sellers’ will soon notice the only houses selling are the ones that have significantly lower prices…

If you get serious, ring LJ Hooker and ask to speak to XXX XXX. She’s my PM, and as someone with a reasonably large portfolio
Yes, a Real Estate Agent with a number of investment properties in the area… That would be the best place to get unbias advice.
I agree with Greg.[blink]
F.[cowboy2]

According to todays AFR – there is around 15 billion dollars worth of building ‘in the pipeline’, however, new building applications / approvals have declined rapidly in the last 6 months. Once that 15b is complete, there will be an abundance of builders looking for work and less demand on materials. In other words, building will be significantly…[Read more]

Twice as many overpriced properties to choose from I guess![biggrin]

Population Statistics Here

I’d try a real estate agent.[blink]

…which is why I shouldn’t have bothered![wacko]
Folks don’t want to know why something has happened. It has happened before, therefore it shall continue to happen… ad infinitum. Farewell reason.
I suppose that prop bought for $22,000 and sold for nearly $250,000 4 years later is proof houses double in price every twelve months. Oh hooray.
Good…[Read more]