maree_bradross wrote:
There was a fantastic lift out magazine in the Sunday Age the other week that comprehensively reviewed all Melbourne suburbs. If you like I could photocopy it for you and post to you? BTW Melbourne's predicted population growth is huge.Regards, Maree

Would this happen to be the Domain Property Review? It's a very…[Read more]

On the General Property forum there was recently a thread on which areas people speculated would record good gains in the not-so-distant future.

The response (or rather the relative lack of it) is disappointing. My guess is that human nature takes precedence. If people think a particular area is going to boom, they're not going to let fellow…[Read more]

On the General Property forum there was recently a thread on which areas people speculated would record good gains in the not-so-distant future.

The response (or rather the relative lack of it) is disappointing. My guess is that human nature takes precedence. If people think a particular area is going to boom, they're not going to let fellow…[Read more]

On the General Property forum there was recently a thread on which areas people speculated would record good gains in the not-so-distant future.The response (or rather the relative lack of it) is disappointing. My guess is that human nature takes precedence. If people think a particular area is going to boom, they're not going to let fellow…[Read more]

DWolfe wrote:
4ish years…. It was on it's way when we were living over there for work. We did buy and double our money, but double is not triple lol!D

That's amazing. Although you would also have to take some credit for doubling your money in that 4 short years. I don't know WA at all. Was Belmont considered a 'crappy' suburb 4 years ago? Was…[Read more]

sonyasal wrote:
Am i missing something or is a lower return on investment the norm in Victoria?

Maybe higher capital gain is the norm in Victoria…That statement should provoke some responses!

DWolfe wrote:
Sad story fword. I could have bought an older house oposite really nice park, walking distance to Belmont shopping center (WA), 1000sqm block for 240k. Now they want $640k for the same thing. Crying buckets.D

Far out! How long ago was it that it was just 240K? In this instance you would have some experience of what suburb boomed…[Read more]

DWolfe wrote:
$450? Yeah Mitcham is in the 600's even Croydon is on at mid 500's. Montrose has an ok road out but no rail. Kilsyth was on my list but there just isn't that much around there to draw in huge amounts of renters or buyers. And once again no rail. It will always be ok as an area but not special. (I may eat my hat later) Ringwood East…[Read more]

DWolfe wrote:
Well FWord, now I know who I am fighting it out with in Croydon, Mooroolbark and Lilydale. (As well as all the FHB who will pay ANY price)I also like Mitcham an Nunawading. I like Carrum and Wantirna South as well. I like Geelong too but I haven't started looking properly yet.Sorry I forgot the WA ones East Vic Park and Belmont.…[Read more]

In Melbourne, at least in the cheaper outer East, one of them might be (or at least I hope) Croydon, particularly the area north of Maroondah Highway, bordering on Ringwood, Warranwood and Croydon Hills/ Croydon North. Short drive to the train stations, and with buses to commute to either Ringwood or Croydon station. Close to prestigious schools:…[Read more]

DWolfe wrote:
Has Mt Eliza had its day? Or is it blue chip for that region? Will it always grow at a set percentage each year?  How is Frankston South for cash flow? I think I need to buy a crystal ball, some residex reports and some henchmen for my evil property empire You've picked 2 'nice suburbs'. Hows your numbers? Probably should start a…[Read more]

DWolfe wrote:
…Frankston

Okay, I know this has been discussed many times before so I beg your pardon. I'm desperately saving in the hope of getting another property before the end of this year. One of the places I was looking at was Frankston South (if I could still afford a detached house then). I was even considering a cheapie unit in Mt…[Read more]

If and when they start to do this, it'd benefit some for sure. Suddenly their property becomes 'close to a small CBD' and values of these sleepy outer suburbs would probably soar.May the next CBD be Ringwood. Haha!

DWolfe wrote:
 I was about 18-19 when I was at a party and a German exchange student said to me…..why don't Australian's build on all of this land (meaning back yards). In Germany we would build on this. To which I the very young thing said noway why would we? There is plenty of land in Oz. I like the birds on my back verandah and a big…[Read more]

The gov't needs to build up in the areas closer to the CBD. Personally I think that the release of land on urban fringes won't help the situation much. Nobody will want to live in a hole that's 40kms from their daily workplace, especially when petrol prices start to go up. Some folks will tolerate a drive of an hour and a half daily, to and fro…[Read more]

Haha, I'm almost hoping prices will come down (even though it appears they won't) so I can buy my second property before the end of the year. It's extremely frustrating to become increasingly priced out of the areas where I'm looking to buy. Certainly the market has gone absolutely nuts.

Surrealist wrote:
The Daily Telegraph is reporting people in Sydney who have bought and sold properties over the five years. Seems like a case of inflating property values and people getting sucked in to buying at those inflated prices . Anyone shed any light on this?…[Read more]

Is it actually possible to make money out of a PPOR? We could draw on the equity but be left with a bigger loan. I've always had the simplistic assumption that to actually get ahead in the property market, an investor needs at least two properties, one being the PPOR, and the other being the investment property to play around with. Otherwise with…[Read more]

Terryw wrote:
its not a matter of just telling your broker. You need to apply and set up another loan on property A in advance (ideally) of starting the loan for property B

Thanks for the advise. Let's say I take a loan of $60K on the equity from Ppty A. Does the $60K then sit in my offset account until ready for use (ie. incurring no interest…[Read more]

DWolfe wrote:
Is anyone NOT making money from property?

Yeah, me, for one. That aside, a mortgage is a good thing to have.Maybe I'm a little simplistic here. But assuming a person owns a number of properties but is not geared up to their eyeballs, a lag in the property market isn't going to hurt them. If the first-home buyers are over-committed…[Read more]