[jack2Member@jack2Join Date: 2003Post Count: 12]

February 3, 2004 - 11:43 am

thanks all

I will go to the council this week and have a chat. then see what the outcome is. I will do this all before going ahead with an offer

Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 30, 2004 - 12:55 pm

thanks

Im going to see a planning consultant to get some professional assistance before I go head first.

Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 10, 2004 - 11:25 am

Im a former member of defence who has leased home to defence and had some exposure to what your talking about. Yes your absolutely correct…anything from 10 – 20% from my experience.

Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 7, 2004 - 10:30 pm

oh and by the way thee is an oversupply of units in the inner city Melb so be carefull if your after capital growth

regards

Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 7, 2004 - 10:26 pm

from my perspective….richmond, for better capital grown long term. Dandy/suns for the CP+ if you can find them. However keep in mind we are coming out of a 2 year bubble in realestate and with the interest rates going up you may find the capital grown smoothing off for a while.

all the best
Jack[]

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 7, 2004 - 12:33 am

you had me worried for a second Maggie. Have a cuppa, then you will be fine!

arf!

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 5, 2004 - 6:56 am

Yeah I thought that as well…however

if 30% of the available homes, lets say of 5000 homes, 1500 are rentals, and lets say 20 % of the population rented, (of 10000 people 2000 people are renting, or trying). Does this mean there is an under supply of rental properties and therefore a potential market to tap.

there may be a better way to derive this kind of info ie how to analyse the market potential, but as a newby Im still thinking thinking.

After reading this I think Im starting to see where Im going wrong. Its a bit hard to analyse the number of people looking to rent……I guess

thanks

Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 5, 2004 - 6:37 am

thanks Mel, I was aware of the abs site. Good info on population, rented and owned homes as a breakdown of the total number of houses in the area, but I couldnt see anything on how many people actually rent to give me an idea if the market is over or under supplied.

will keep searching

thanks
Jack

[jack2Member@jack2Join Date: 2003Post Count: 12]

January 2, 2004 - 12:34 pm

Interesting point Mal but I would expect the property values to adjust accordingly, this may be a delayed correction but with out doing the sums I would expect more properties would become vailable at a reduced price (ALL THE NEG GEARED INVESTERS GOING BUST).

Just a thought

Jack

quote:

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If the 11 second rule always produces a return around 10.5%. does this mean that if interest rates climb back above 10% that no deals will qualify?

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