Thanks Mel. Guess the guys are just sowing their wild [^]’s. Keeps them off the streets, which is a good thing, no? hehe.

Mel, did you ever come to sydney and meet up with them? Did you check out your new paddo home, Mel?

kay henry

Jason- hey there

No experience at ALL in this area, but I’m thinking if you did a search on google.com.au (australian sites only) and types in “kit homes” or any variations of what you’re looking for, you could find out all the info you want- costs, processes etc etc. Best of luck with it!

kay henry

hehe Rugby- yer funny []

kay henry

Here’s a reference to that story:

http://www.abc.net.au/news/newsitems/s1065616.htm

Problem is… abolishing stamp duty for *first-home buyers* homebuyers relieves that group. But a $2k duty for each home (including IP’s presumably) for each year of the property’s existence? That’s a lot of moolah.

kay henry

Chan,

Many of us know that one can buy CF+ properties. If people go to schinellas RE of broken hill, one can probably find dozens on their website.

When you say it’s easier than it was before, I haven’t heard of any major downturn in prices for properties in regional or rural areas (presuming that’s where you got your 10.5%). On the contrary, I…[Read more]

Yack, I’ve been trying to find this article on two-tiered marketing that I recall had figures of nearly 50% of properties in the Gold Coast being tt-marketed in 1998. Found it!!

http://www.google.com.au/search?q=cache:ZcEEqwC44xwJ:www.apimagazine.com.au/downloads/features/TwoTier.pdf+two+tiered+marketing+real+estate+queensland&hl=en&ie=UTF-8

The…[Read more]

Pisces, here’s an article which refers to underpricing and overpricing legislation (although not sure if the Acts they refer to are Federal or Qld State):

http://www.sunshinecoastdaily.com.au/data/full_stories/march04/01/7.html

kay henry

yack, you said:

“eg. Income 5 yrs ago $60,000 Amount Owed $80,000 Value $100,000
Income Now $80,000 Amount Owed $80,000 Value $130,000

Now look at it in another 5 yrs.
Income $105,000 Amount Owed $80,000 Value $169,000”

That’s easy enough to say in a RE boom, but remember, properties in say, QLD, didn’t really rise much between 1990 and 2000.…[Read more]

Originally posted by redwing:

however purchasing here will negate any further investment oppurtunities in the short term ( as i believe i will be near my loan serviceability limit, and probally my own safety limit )

Redwing, as a matter of interest for my own situation, what do you see as reaching a loan serviceability “limit”? Is that 4…[Read more]

Originally posted by MelissaB:
Hi

I use the formula’s Steve does the 11 principle but it seems that eveything I’m looking at appears to be over valued (double in fact).

Melissa, overvalued by 100%? Those kind of thoughts can have our dea little RE market crumble to the ground! [?]

What is overvalued? I see “value” as what the market will pay.…[Read more]

Is this another one of your riddles, Chan? You know I can’t do riddles!! [!][][]

kay henry

Beerboy,

One 3-br unit costing 44.5k? Ummmm, you won’t get much better than that. I say go for it! [:o)]

kay henry

bec,

Save up for a deposit. And if you don’t respect your bf, then leave him. I am sure it’s easier to leave him than spending your time slagging him off on a property forum.

kay henry

Redwing, I’m not yack, but I only woke up a few hours ago, and I’ll be up all night, with you and Bec as my only company- deja vu!

I see an investment as me putting money in… the way I figure it is that my tenants will eventually pay off my IP’s from rents, but meantime, and if I want to pay it off sooner, then I can invest my OWN money, and I…[Read more]

Mustang,

I would NOT sell your home if I were you. It sounds like you live in a nice home, and you have kids- renting would cost you as much as your mortgage probably.

I would chuck the credit card debt into your current mortgage, perhaps think of moving your loan to a cheaper rate (but there will be costs involved in doing so, as you know) and…[Read more]

I remember reading about some agents in western sydney who said they’d sell houses at a flat price- I seem to recall it was somewhere around $2500- because that was what they knew it would cost them to sell it. I remember reading that they got death threats from other agents!

kay henry

hehe landlordtobe- no kidding. As if Labor is any different to Liberal anyhow. As for me, I can’t wait until we buy those $55 million war things the Feds are looking at- will make us all much better off! []

Yeah, there’s a real “sky is falling” attitude around here. But landlordtobe- we’re on a property forum- it’s to be expected that there’d be…[Read more]

The quick answer, Marisa, for CF+ is places like Mt Isa, Morgan, Ayr etc in Qld… Broken Hill in NSW, Geraldton in WA.. lots of places, inclusding lots of rural places all over australia. Best thing to do is look up realestate.com.au and click on < price in the search engine. It will bring up heaps of houses, then do your research about those…[Read more]

Mel and Geronimo,

Seems that you got in at the right time and made profits- well done :o)) But do you think some of the strategies you learned then would work in this market?

I think Mr Kaye wa into buying new properties, whereas with reduced rental returns and risimng interest rates, would you still buy new properties? Or would you move towards…[Read more]

Naughty fellows! [V][^]

Monika is still in Austria, perhaps suffering sympathy jetlag?? hehe. You know, I just slept 34 hours in the last couple of days? 20 hours on the plane, 2 hours when I got home, then up on this board during the wee hours of the morning, then back to sleep between 6.30am and 8.30pm right now… woke up looking like this:…[Read more]