diclem- you don’t seem so green- you look kind of blue to me [:X]

Yes, spending is at an all-time high in Australia, and by increasing interest rates, it slows spending. It also scares the bejeezuz out of people, and they crack- it’s a weird psychological thing. I remember when I had money invested and got an 18% return. When interest rates are…[Read more]

I call my tenants at xmas to wish them a happy xmas and thank them for looking after the property.

I am also going to give my tenants a week free rent for keeping my place so well presented and helping me to sell it by doing so.

There’s two ways of doing things. Give them a gift so they can improve *your* property, or actually give them a gift…[Read more]

Dear Craig,

I agree with you – I like Wagga. It’s just when Teacher asked about thatspecific property, I thought he need to knew what he might be buying into.

In terms of investment, I think Wagga has a lot going for it- populkation of about 58,000. There is *some* talk about population decline, but really, wagga is a good city, with a…[Read more]

c’mon westan, ya gonna sell me an IP?? rental return doesn;t bother me too much really- as long as the tenants are kind of content.

If you’d like to discuss, please email me on: handbaggy@hotmail.com

[]

kay henry

My bet is that the Fed govt will do all in it’s power to try to coerce the Rez Bank into keeping interest rates at the same rate until after the election. The Reserve is “independent” only after Lib gov elections- then it’s free to do as it pleases. My bet is that after the election, we’ll see interest rates go up by 1% by next xmas.

Fatboy- is…[Read more]

platypus,

I think given that the lady has removed herself from further discussions with you, you might need to let this one go. Whilst RE agents are expensive and some of them can be dodgy, I suppose (although my dealings with agents have been good thus far), they provide protection from potential buyers. She has employed the RE agent to…[Read more]

You are welcome jason :o)

Basically, whenever I look at property- the last one I bought over the internet in Wagga- in exactly the street and location i wanted to buy in- I ask the street name from the RE agent, and then I type the street name and town into google.com (australia only sites). Any mention of the street name will come up. It’s a…[Read more]

skysthelimit

I’m surea million wrappers will be asking you to email them ASAP so get ready for it! Remember though, with wrapping, someone will inflate the price by 20% before they “sell” the property to you, then you will pay higher than market interest rates, and if you default, you will lose any deposit, any repayments, and any improvements…[Read more]

Dear Fudge and Broz :o)

I tend to think that interest rates will rise a little. Then those who are overcommitted will panic. These are the kind of investors who got sucked in by the Investment Seminars and who bought properties in oversupplied areas. They were sucked in by the “buy buy buy” stuff and they’ll be sucked in by the “sell sell sell!!”…[Read more]

My real estate agent said it is against the Privacy Act to ask people if they have finance arranged. Has anyone heard anything anbout this? It makes me feel pretty insecure actually- if they can’t ask this, how can we ever rely on selling a property?

kay

Fudge and Broz :o)

I used 100% equity to purchase a new property, but then I made what was possibly a mistake. Just after I bought the second one, I sold the first one. Now I have to pay back the bank all but 80% of the second one- which I didn’t want to do. So the “duplicating properties using equity” as in ‘no money down’ approach, really…[Read more]

hey folks :o) Thanks for the leads. Still open to offers here [] But *please* no wrappers. I’m not into them- just like I wasn’t into pyramid schemes or stripping companies when they were in vogue.

I’m old-fashioned. I want to find some cheaper properties to rent to people for reasonable rentals, so I can build a property portfolio. I search all…[Read more]

Thanks folks for your replies :o) Seems this forum is full of buyers and not sellers? Are most people here “buy and hold” people? Remember, I am not fussed by rental yield- so onsell those cheapies to moi

kay henry

Chtulu, the article was ok, but what interested me more was the author Charlie’s hairdo! My oh my, what a bad bouffant day!

kay

*poke poke poke* []

I’m still interested in your property- oh, and I just thought- some of you might think I am a real estate agent- I am not. I would probably be much richer if I was :+/ I am just increasingly finding the net, which has been my preferred method of perusing property- is becoming more inefficient. The properties on many sites…[Read more]

I think the “buy and hold” formula is a good one, however…

What about “buy in doom sell in boom”? I bought my place 8 years ago and had i tried to sell it 4 years ago, i would not have achieved more than asking price. I think the market is peaked or peaking. I think my property is fully valued- at this point in time. It depends too on the…[Read more]

dglees- your post beat mine by two minutes, and no, I hadn’t read it yet- have now though! ) Well, I guess there’s murders everywhere. Noone probably worried too much about property prices though, when that young man allegedly killed his mother, wife and sister in some rich place on the north shore of sydney. Or the “society killing” of the…[Read more]

Dear Jason,

Don’t buy the place 2 minutes to kooringal mall. I know wagga like the back of my hand. The place is in edney street and is for sale at 69k right? Any honest real estate will tell you that the place might be able to be rented but that tenants will move out every 6 months from that location, as soon as they know where they’re…[Read more]

comdom, check out this month’s issue of Australian Property Investor (API). It has a case study in there of a couple who are entirely “rent dependent” and the banks won’t lend them money. I think they are even struggling to get no doc loans now. They have something like $4m in property value and owe $2.5m.

Their situation made me decide i had…[Read more]

Actually, no cashking. I *am* truthful with myself… and i am not into bloodletting. I bought my property 8 years ago- at the bottom of the market. It has since made a considerable capital gain. I have not raised the rents in it since I bought it as I wanted to do everything ethically- I still do. I am now selling it- still at the bottom of the…[Read more]