People are like dogs. They will work very hard to get what they want. It's good to set goals in life and to reach for them.Today's people need to be workaholics regardless, not necessarily just to pay off a mortgage. The day and age of people retiring in their early 40's is officially over for the younger generations, considering the cost of…[Read more]

Hey guys, let's keep bumping this thread. If we do it long enough, it would surely become a hot topic right when the property market bust commences.EVERYONE can predict a boom or a bust, if they keep saying it for long enough.Most of us know the end of the world is coming too. When is that going to be? We don't know. However if we talk about it…[Read more]

Just a few words about beachside property…personally I think any property within short walking distance to the waterfront (let's say 100-300m) is a good thing. If you're anything like me and obsessed about living by the sea, then there is almost no substitute for proximity to the water's edge. However, it would be too simplistic to just stop…[Read more]

mav86 wrote:
G'day,I am preety sure the shoppign centre is goign ahead but not 100%. Could confirm at the council.Given this is my first property I can afford to buy a 3 bed house incraigieburn and I am familiare with the area as many freinds and family live there.Bundoora is probably the closest suburb to the CBD that I can afford on this side…[Read more]

Thanks for the info, simple and xdrew, that was enlightening. Just imagine what would happen to the market here if rental controls were implemented again. There would probably be two wars and three riots!

Thanks for the information.For the sake of discussion, if people are simply walking away from their houses, where are they going? People still need a roof over their heads, so where are these people staying? Are they renting? If this is the case, then things are looking magnificent for cashed up investors…dirt cheap housing and an increased…[Read more]

mav86 wrote:
Hi fword,Thanks for your response.The above scenario is for investment purposes. The prices will be similare however the yield in craigieburn will be higher as it will be a 3 bedroom house rented.Bundoora ticks all the boxes in regards to amenities ( 2 unis, tram, ring road, neighbouring suburbs reservoir, watsonia)Craigieburn…[Read more]

Good day,Welcome to the forums. Unfortunately I don't know either of these areas well, but I thought to give it a crack and offer two cents worth in case it is helpful to you. I'm assuming you are going to solely rent the place out rather than live in it (or plan to live in it at some stage).Logic says to go for land since they're not making any…[Read more]

Any forecasts on the share or property market appears to rely on the information currently available from each. For the most part it appears that sentiment in these markets changes literally overnight and for an unknown reason. It's as if people suddenly decide in unison that the market is overbought/ oversold, overpriced/ underpriced, overheated/…[Read more]

The rate rises in the year to come would be as expected, however it may be the banks that raise their rates independently of RBA's move. With the stratospheric strength of the AU$ and local retail outlets suffering supremely, it would probably be unwise for the RBA to raise rates further.Still waiting for that massive drop in property prices that…[Read more]

This is a great thread. Glad it got bumped. It's been enlightening reading through the mistakes of others. We always read of successes…the success of a single, very capable (or lucky) person. Nice to see the failures or mistakes for once.Personally, my biggest mistake (in the two short years of knowing and learning about property) was not…[Read more]

$3.5mil for a beachfront apartment? Strictly for the rich who can afford to buy and hold regardless of true value. I'd rather buy a house on land in the same area even if a couple of doors further inland. Bet it'd be much cheaper and still hold value in the long run.

Scott No Mates wrote:
There's hope for Frankston  & Umina yet fword.

Haha, that's right! Frankston has potential. A workmate used to stay in Bentleigh East. He then bought a place in Frankston, uprooted his whole family there and sold the Bentleigh property. He believes Frankston has plenty of room to move upwards. The guy must either be very…[Read more]

Scott No Mates wrote:
2 schools of thoughta) leave it vacant & lease it when you get possession – you will be up for all costs in leasing the house, you may have a delay between securing a tenant and them occupying the premises, you may need to delay access until make good works have been completed, house will 'smell' of being closed up for 3…[Read more]

propertyjockey wrote:
Who cares if  the suburb ticks all the boxes regarding location, valur add opportunities. If undesirables inhabit the suburb descent rent paying families will not what want to be amongst them. This will kill your investment short and long term.Sorry if I sound a little harsh, but that is reality right?PJ

Well, it may not b…[Read more]

DWolfe wrote:
Hi Fword,The vendor would get the rent, the vendor is responsible for landlords insurance. The vendor must still present the property to you in the same condition as you bought it. You would do an inspection the week before settlement to check.Why did the vendor suggest to you to do it? If the vendor wishes to rent the premises…[Read more]

Not adding to either side of the argument, but for what it's worth, I personally know of a house that sold at auction just this Saturday past. It was reported as having sold for $517K in the Sunday Age results, despite a number of us KNOWING that it really sold for $537K. Anyway, take this info for what it's worth.Now I'm not an expert in this…[Read more]

Thanks for the info.I'm still going for an auction this Saturday. Thank goodness I'm not buying in Cairns.

nicolas_b wrote:
How long could you survive at your accustomed standard of living if you lost your job? If you could sick? If your partner got sick? You lost your business etc… If you answer less than 6 months, then I think you are poor.

Oh, woe is me. All of the time I think that without my parents, I would never be able to survive. On the…[Read more]

The proof of a housing bubble is the actual bursting of that bubble. Let's look at facts as and when they become available rather than participate in mindless speculation.