That reminds me that a service like Residex is worthwhile to subscribe to.

They publish reports and, yes, there is a charge for them.

Go and have a look at http://www.residex.com.au/

Cheers,

Pisces133

>>I visit this website because I think it helps make the intergenerational redistribution of capital a more efficient process. And that to me is one of the strengths of a free market.

The public sector, and especially public housing has shown over and over it is less efficient than the private sector at providing accomodation.

Let’s all remember…[Read more]

muppet…….nights have been busy…..we even have the kids school concert tonight. God save me from little people!!!!!

Polar…..I like the new name…..and egyptian gods always get my vote (all hail Baast) I just cant imagine you being in that bad a mood!! [}]LOL

:þ

richmond……congratz for saturday and I only got 2 words for you that will ALWAYS keep your woman happy!!

” YES DEAR “

*throwing confetti*

:þ

theres alot of babies being born……..OK note to self…..DONT DRINK THE WATER!!

Congrats to all the new parents……welcome to the “sleep…..what the hell is sleep” club!!

Richmond is getting married…….ahhhh there goes bachelorhood!! Better keep the Playboy hidden babe…….and “donate” all them filthy disgusting porn tapes that…[Read more]

The old saying what they don’t know can’t hurt them.

Westan i use a business development manager not a bank manager as he is able to approve loans upto $1M (not all at once)for me with out having to go through the chain of command.

Chris

How wide is the access handle Concat ?

This is important as it may stop you from getting approval.

Secondly, how does the land slope ?

How to get rid of stormwater is an important factor (which, again, may make the difference between getting approval or not getting it)

Pisces133

Very interested please email vickiandgrant@bigpond.com

yay a chat room!! Now I just gotta get there when everyone else does!

and muppet hun…….you can flex ya power with me anytime……hahahah[]

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woohoo 400!!

Damn I missed this place……… *wiping away a tear*

artys work has deemed it neccesary to block all users from using the internet until “further notice” He is NOT a happy camper!LOL

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Hay Mooda,

I think the general feed back most people are giving is that the sydney market might not be the best place to find a positive cash flow investment propertys.

I think that it is a matter of researching all areas until you see a trend in a market and ride it.

Oh, I forget to address the issue of tax.

I am not an accountant but I would imagine that
you would need to step carefully as I can just imagine that Mr Tax could well hold to the view that, from the time when you had the plans prepared, you acted in the capacity of a developer. I just don’t know what the situation would be.

I suggest you phone…[Read more]

A unit site eh ?

I don’t Know Alice but it would be worthwhile to go to council and find out what exactly you could build on such a size block.

Spend $ 12 or so and buy the council’s unit code (which tells you about their rules).

In any event the townplanner would probably be able to tell you off the top of his head how many units can be built…[Read more]

Ironman, as you said in your last post “if it ain’t boke don’t fix it”. But also if the new job is in the same industry as the old there shouldn’t be a problem with letting the bank know.

I puchased a property last year, i lost my job while waiting for finance, at the same time i was going overseas on holiday, on knowing this i pressured the bank…[Read more]

I agree about the deposit bonds but the people that use them to secure an IP and then onsell would be classified as property traders not investors.

I don’t think that investors will be the hardest hit as we can always write the loss off against our tax.

I think the hardest hit will be the young couple with a couple of kids that have saved and…[Read more]

The suspense is killing me xyzzy so please let us in on the joke.

Pisces133

Liviwell, your luck may be in.

December notoriously is a slow month for most agents.

A lot less people looking because they are busy with going on holidays etc.

So that combined with some buyers having temporarily stopped being serious about buying may make it worth your while to go your hardest.

Less competition because of the above two…[Read more]

Sounds all Greek to me

Pisces133

I am not saying that the agent’s behaviour is justified but it could be that it may just not be worth their while of they are getting half a peanut out of the rental.

Yes, I know it is around 7% but if the rent is low , like perhaps $ 60 or $ 80 or even $ 100 per week the agent’s take is $ 4-20 to $ 7-00 per week.

So if for example there is a…[Read more]

Forest Hill
Melbourne

Chris