FatBoy,

I hear you about wondering why would one bother to work harder if we pay taxes.

I kind of see it as, I’m happy to pay taxes if they spend it on the stuff that’s important to me- public schools, hospitals, education. But when they spend money on war machines and weapons of mass destruction, I resent paying my taxes too.

kay henry

Cornell said:
But then again if the place above mine sells for 159k does that mean my place will be worth roughly the same amount and then it will be far from positively geared??Cornell said:

Cornell,

Your place will receive the return on the price you paid for it, not on the actual value of it. so it’s $170/wk on 112k, not $170/wk on 159K. The…[Read more]

MortgageHunter,

Thanks for your reply. In fact, I just had a valuation done on a place I was selling. I had the valuation done as I was buying a new place and wanted to release equity. The valuation was 45k below what the place sold for- and this was at the bottom end of that location market. The bank told me they value on what they would sell it…[Read more]

oh wow- i just realised i got two yellow stars for that 50th post! It’s a bit like kindergarten, isn’t it, with those stars, but I have to tell you, i’m excited! :o)

Steve McKnight- can I have some lollies for my birthday too? (It’s 7th August)[]

kay henry

Do these companies charge mortgage lender’s insurance though? If you don’t have a 20% deposit (via equity or cash), then most places will charge MLI. You’ll be paying thousands extra on your loan. Why not just save a reasonable deposit?

kay henry

weniksa,

Don’t worry about capital growth for the regional centre. If it had a 20% capital growth, that is good for sellers, not necessarily buyers. Sydney has had ubergrowth, but is that good for us as buyers? If you buy post capital-growth, then you are paying the price.

Remember the old adage: “buy in gloom, sell in boom”.

And remember that…[Read more]

Yep scampy- she’s as free as a red-feathered bird! And there’s a run on selling up Ipswich houses before she gets home [:X]

kay henry

hehe summo- well, if you know the answer, then why did you ask?

kay henry

Many RE investment advisers suggest it is better to raise rents only when you have made an improvement to a property or to reach market rents. If your properties are receiving market rental yield, what’s the reason for raising rents?

The other thing is, if you raise rents, your tenants might scoot to live somewhere not contingent upon RB…[Read more]

Thanks for your reply Erika

By a “happening” area- sorry- i just fell into slang and probably forgot what forum i was on- I mean an area that will maintain value. Capital growth would be nice, of course, but I would merely prefer for value to be maintained in an environment of possible reductions of 20% in value of property in the foreseeable…[Read more]

To answer the question about the specific part of SE Qld, the property is in Karana Downs. Does anyone have any knowledge of this area and info on RE prices? (I’ve already done a lot of net checking, so any inside info would help. Trend info would be good too- is this going to beva happening area?

kay henry

The other thing I’d say about this interest rate is that it’s like a little “taste test” by the RB that things have to change re spending. A .25% increase won’t affect people much in terms of repayments. But this .25 warning is indicative that the RB intends to kill off the housing boom for those who can’t afford to play in it.

kay henry

awww soleil )

Don’t worry- a .25% rise will just slow things down a little. Perhaps people will think twice before they buy that new off-the-plan apartment in an oversupplied area. For those who have been careful and not too highly geared, it will just become a bit more of a tax deduction []

kay henry

dglees,

I’m a former local too, so I know what you mean ) I think you’re entitle to think wagga has unsavoury characters there. Like much of rural and regional australia, it does have a culture of a pretty narrow focus.

dglees, I am a bit unlike others on here. I tend to go not necessarily for places that have had past capital growth. Give me…[Read more]

Thanks all for your replies- I’ll ask some more specific answers from you shortly about location etc.

I’m wanting to purchase in the Ipswitch area, which I know was redneck hanson land. From my reading of all things statistical, it’s still a fairly mono kind of area.

I’m looking at a fairly kind of upmarket area in that region. Would people mind…[Read more]

That’s a nice answer Malachii- welcome to the forum []

I agree. And rich people make lousy tenants- poodle fur all over the floorboards, bolly spilled down the stairs etc

As a working class lass meself, I like your perspective. Well, I did renovate myself and then I became gentrified, but you know what I mean. []

kay henry

Jetstream,

Universities ain’t like they used to be- now they’re an all-year-round affair. Most Universities now have summer sessions, and increasingly, depending on where your property is, and the nature of the University demographic, there are huge numbers of people who don’t go home after semester- they just live near the University and want…[Read more]

australia: []

kay henry

madeinoz,

Whilst you can’t purchase when under contract, some RE agents put “under offer/under contract” logo’s onto their websites. Perhaps you could check with the RE if it under offer or contract. It is *possible* to buy a property under offer (gazumping) if some RE’s do that. Generally, it’s not considered a good thing to do if a seller has…[Read more]

australia,

Joyes Place, Tolland, is the equivalent of Edney St, Kooringal- NO!

Bob, I think it’s mean that you talk about “distressed” sales. What ever happened to aussies believing in a fair go for all? Not just for ourselves.

kay henry