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A friend of mine went on one of these property tours about a month ago. When he asked was the price negotiable, they turned around and said the yield will drop in accordance with the price. WTF, buy a tenanted property in any city and negotiate on the price. Do they drop the yield? NO. I think its quite dodge.
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]Banks are willing to lend on under 50 sq so long as the LVR is good usually between 70% and 80% and some will go up to 95%, sosize really isn’t the issue. The issue is more position. Any studio/1 bedders in the area codes of 2000 – 2010 (and sometimes up to 2016) the banks are very cautious.[xx(]
I personally think that if interest rate rise, it will be CBD, Pyrmont/Ultimo and Alexandria will be the first to fall. However, if you look already prices haven’t moved that much in the last 5 years in the CBD so they are not a great investment anyway.[
]I just picked up a 1 bedder in Bellevue Hill (41 sq) and the levies are 1200 a year. It is not too bad and it is in one of the best streets in Bellevue Hill, so if you are looking in the studio/1 bedder market, you have to be a bit finicky too. The one bedder next door to me sold at a premium of mine at $45,000 and it is in the same condition.[
]Hi everyone,
Bill gave me some advice on a situtation where I was being ripped of by a business/life coach. Bill’s advice was quite helpful and if anyone out there requires Bill’s talent I would be happy to recommend him. [
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George it is not only imports that are getting tired. Just look at all the rusted VB, VC,
, XF and even EA’s that still are on the road. Some questions need to be asked when you can buy a brand new car for 14K but the registrars still let bombs like that get around!!Because of pink slips in NSW, you don’t see VB, VC,
, XF and rusted EA’s on the roads here, which makes the bad imports still look bad. The laws restrict them here and it works, but I don’t know about SA and QLD.When you exchange at an auction it is pretty much the be all end all.
I work with a few real estate agents in Sydney’s East and all off them say that only shmucks buy at an auction. If you want the property make an offer before and you will ascertain how serious the vendor is at the price you want to pay.
I have seen agents place dummer bidders and after a while you begin to recognise the same dummer bidders at these auctions. They bid at every auction and for a variety of properties (even at the same auction). I have seen the same bloke bid for a $2,500,000 home in Vaucluse and 2 properties later a semi in Botany. And then a month later a company title unit in Bondi. And at the end of it, he may have been the last bidder and the properties didn’t sell. I could be paranoid though. I don’t think the new regulations will restrict these practises.
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] Im a finance broker but a friend of mine is excels in situations like this. You can get into contact with him atdrmortgage.com.au
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, XF and even EA’s that still are on the road. Some questions need to be asked when you can buy a brand new car for 14K but the registrars still let bombs like that get around!!
] Im a finance broker but a friend of mine is excels in situations like this. You can get into contact with him at
