god_of_money wrote:
vote me to become a PM

I'll vote for you if you pull down your pants on stage like your avatar!

god_of_money wrote:
FWord.. the HDB in Singapore is not that cheap 250k..My auntie just bought 1bed+1study apartment in Singapore behind Orchard rd for 800+k. If you want to buy a house (with land title), it will cost at least 3-4 millions

There are inexpensive ones available. Case in point is the 180K one that my cousin and his newly-wedded…[Read more]

DWolfe wrote:
Up, up, up today. That's my vote. So FWord does that mean you are going to buy again soon? D

Sadly, there's plenty I want to buy but just don't have enough money to do so yet. The target is to get another before the end of this year and that would be achievable unless interest rates go into the high double digits. The seriousness…[Read more]

Yeah, I'm incorrect to be hard on Henry. It's a disappointment however to see that, after all that speculation about: scrapping (or reducing) stamp duty, reviewing negative gearing, and all the other stuff to go with it, we are hardly seeing any changes. Our level of income tax isn't changing one iota, in fact after this 1000 page document, it…[Read more]

DWolfe wrote:
Why get a systematic report done if you don't want any changes, suggestions or reform to actually happen.

It's administrative bullshit. It's how some bums-on-the-seat cushion warmers earn their massive pay each year by writing a thousand pages of trash. I think I know a few.

So much for the rumour that something would be done to stop the rapid escalation of property prices. Yet another empty threat. In fact, I'd be very keen to see what they CAN do about this. Any move they make that is going to be effective is going to lose them the votes they need.

Thus far, all of the foreclosed houses I've seen for sale are always placed on auction. As such, they probably sell for market value, or in recent times, sell actually above market value. But hey, who's counting…

I thought that the median in Melbourne slipped around 10K for the month of March. But really, does this equate to a genuine price drop of property, or does it actually indicate that the FHB type of houses are starting to appear on the market again? If the latter is true, then is it because people who overcommitted are now forced to sell because…[Read more]

The thing you need to be careful of though, is whether there's any overlays or restrictions as to what you can build there. It's little point having acres and acres of land that's covered in trees which you cannot remove because of overlays. What if there is a limit to the footprint of your house, or the height to which you can build? Bear in mind…[Read more]

1. Location2. Location3. Location

Certainly, cleaner, greener energy is the way of the future. But for now savings can be better had by just purchasing a $7000 decent second-hand car. The nicest one I have seen must have been that late 1980s Toyota my friend picked up from the side of the road at just $500. A bit rough around the edges but it ran perfectly fine.The other thing…[Read more]

realestateedu.com.au wrote:
Yes FW I think that buying in old established areas is very intelligent for many reasons, firstly land size, then transport and schools and then either a knock down rebuild or renovation.

Additionally, if I had to bet, transport and amenities in already-established outer suburbs can only get better in the future. As…[Read more]

duckster wrote:
If you could get someone to put some animals on it for agistment you may be able to earn an income on it.

That's a good idea actually, never thought of that. Plus, that would mean fertile soils and good grasses rather than weeds on that land come time to actually build. And you wouldn't need to worry about mowing the lawn or…[Read more]

I see your point. Question is, if you borrow to buy land, there's no income whatsoever. Can you stomach the repayments on that loan over the next 10 years on the basis of numbers that you saw in the newspaper? If indeed the valuation is accurate then that would be awesome, but what if its not?Also, if you buy an average $400-500K house today and…[Read more]

wealth4life.com wrote:
land sizes in new estates have shrunk to 350 m/2 – 450 m/2 gone is the old quarter acre block … billions of dollars to be spent in medical which is going to increase taxes …If the GST hits 15% many businesses will go broke … what else folks ???

I wonder what the implications of smaller land sizes in new estates…[Read more]

DWolfe wrote:
Anyone wanna put a bet on whether this policy is his downfall in the next election? Most Aussies are pretty emotional when it comes to land, house, affordability. D

I get the feeling it will all blow over and Rudd will be spared from the damage. There isn't any info that I know of that would describe what sort of properties the…[Read more]

DWolfe wrote:
By the way FWord the Herald Sun = lowest common denominator. D

ROFL Someone told me that's the case for most newspapers! Indeed, the papers rely on sensationalised material to sell 'news' and it works because of human nature.

god_of_money wrote:
We need to compare the property price vs. Singapore vs. HongKong vs. Shanghaiinfact property in Sydney is still very CHEAP.

I couldn't agree more with this statement. Having come from Singapore myself this is a very real thing I could testify to. This is why I feel that an average outer suburban house on a family-sized…[Read more]

Well I just wish they'd reveal the said tax reforms (ie. the stuff they think is going to control property prices) now instead of firing blanks at us. The 'threats' are becoming very tiring on the eyes and ears.

Looking at your thread I recalled reading an article back in March in the Herald Sun where they quizzed a number of 'experts' in the property field regarding their thoughts on where the property market was headed, and what the interest rate trend was going to be. Knowing now how the market actually fared following the March quarter one might be…[Read more]