Total Members: 158,551

Scarecrow7

  • Scarecrow7 replied to the topic Need help on where to buy properties in australia in the forum General Property 15 years, 8 months ago

    syee,look up this article http://www.theaustralian.news.com.au/story/0,25197,24326606-14741,00.htmlgoogle the names of the growth plans for each capital city ie Melbourne 2030 for Melbourne, as mentioned in the article. You'll get a feel for how the cities are going to grow. property appreciation is underpinned by population growth – that'll give…[Read more]

  • Scarecrow7 replied to the topic Investing in Student Accommodation in the forum General Property 15 years, 8 months ago

    Hi,avoid places where it's restricted to just students(either as renters or buyers)…in the fine print of some projects they are quite restrictive, and the more so, the lesser the value those properties should be.also, avoid those that come with lease-back deals where you are locked into long-term leases.In general, stick to properties where you…[Read more]

  • Scarecrow7 replied to the topic Private Renting – Good Internet Sites in the forum General Property 15 years, 11 months ago

    I just did both. Not long ago I posted a unique studio property and managed to get lots of enquiries on Gumtree, so it's worth the effort. There are a couple of other free sites that may be worth posting on as well – see below.melbourneexchange.com.au and webindustry.asn.au

  • Scarecrow7 replied to the topic Unilodge Brisbane as an investment?? in the forum General Property 15 years, 12 months ago

    hi pagey9,fyi, just remember that student accom is a niche, and therefore you are removing yourself from the wider market. it is generally better to invest in a property that have widespread appeal and reach(to give you greater renter options), although there may be times that niche is so high in demand/short supply that it's attractive at…[Read more]

  • Scarecrow7 replied to the topic Where do I start my research? in the forum General Property 16 years, 1 month ago

    Hi Louise M77,generally speaking, residential property investing is simple to understand, a lot of it is common sense. One's intuition is pretty handy too. Things like property data, demographics, social trends, lifestyle trends are all powerful indicators to where people want to live and therefore where properties will appreciate more.I echo…[Read more]

  • Scarecrow7 replied to the topic What was YOUR upbringing Like? in the forum General Property 16 years, 1 month ago

    I should correct myself and say my parents were always property believers and instilled in me that buying property is a great way to build wealth. So I realise they are in fact role models to me there, and got me the break when I was 18. My dad said something to me this year that I never knew – he said that in Chinese circles, our clan(or dialect…[Read more]

  • Scarecrow7 replied to the topic What was YOUR upbringing Like? in the forum General Property 16 years, 1 month ago

    My parents came from poor families, however my dad was one of the first in his generation to get a university degree. Through my parents sacrifices including unrooting an established life to come to Australia, I gained the benefit of growing up in Australia and getting a uni degree myself, and now in a stable job. My parents were strong savers and…[Read more]

  • Scarecrow7 replied to the topic The Property Clock – A stab at where we are. in the forum General Property 16 years, 4 months ago

    You would have to say that on pure macroeconomics, the Australian domestic economy is very strong, and on property demand and supply, it's very rosy for those holding property. I hold a very bullish view for the next 2 years on nearly all capital city real estate within 10km of the CBD or anywhere regarded as blue-chip, in middle and high end…[Read more]

  • Scarecrow7 replied to the topic Buying under Property Investor TRUST: Much Harder to get Finance ? in the forum Finance 16 years, 4 months ago

    State land tax is probably higher as well under a trust.Similar experience to you, a lot more hassles with trusts. Some bank officers have no real understanding of trusts, in the end they will want all sorts of personal guarantees. ANZ and NAB did accept it in the end.My other half and I are divided on the issue. I still maintain that asset…[Read more]

  • Scarecrow7 replied to the topic One Bedroom aprtments??? in the forum General Property 16 years, 5 months ago

    I have been self-managing a cluster of 1 & 2 bedroom apartments in the Melb CBD near Vic Markets for my family, all in the same building. It does tremendously well and achieves close to 10% gross rental yield. It rents out like hot cakes as it attracts both students and professional working people alike. In agreement with the other comments,…[Read more]

  • Scarecrow7 replied to the topic rent growth to slow? in the forum General Property 16 years, 5 months ago

    I'm not your financial planner, so take this with a few grains of salt. If you can stomach it, I'd advocate sticking to the areas you know (whether local or further afield), and by doing extensive research, go for the best capital growth area you can afford even if the current yield is sub 4%. You're right, you mostly can't have both capital…[Read more]

  • Scarecrow7 replied to the topic Australian Property Prospects – Will we see a big slump? in the forum General Property 16 years, 6 months ago

    Hi Stumunro,Coincidentally I tallied things up and it's about 65-70% leverage across my property portfolio. Not quite at the stage of using equity to service debt however I am open to another property acquisition in the next 12 months which will push things higher. I understand the risks of debt if taken to the extreme, however I'm at a stage in…[Read more]

  • Scarecrow7 replied to the topic Maribyrnong in the forum General Property 16 years, 6 months ago

    Hi,Not sure about apartments – you should visit their display or if unable then give Mirvac a quick call or visit their project website. I visited the estate earlier this year and the mix of architectural styles wasn't to my entire liking. You can tell that some designs won't date gracefully. It's probably booming but so is the rest of inner…[Read more]

  • Scarecrow7 replied to the topic Australian Property Prospects – Will we see a big slump? in the forum General Property 16 years, 6 months ago

    The Western governments and their respective reserve banks have given us a taste of their intent – that of being the White Knight in any impending crisis. The Fed swiftly cut rates by 0.5% while the Bank of England bailed out Northern Rock, which otherwise would've folded under a bank run. You can bet that little Johnny or Kevin for that matter…[Read more]

  • Scarecrow7 replied to the topic Melbourne and sydney booming in the forum General Property 16 years, 7 months ago

    Same with Salacious…learnt from missing the Melbourne 2000 boom by buying in big in mid/late 2006, reaping paper rewards now. Also dipped into Sydney and planning to buy some more. Sydney is ripe for the taking, and best time to buy there was late 06-Feb 07 in hindsight.as for steady boom this time around, not too sure with all the excess money…[Read more]

  • Lostie,I echo the sentiments here that say it's worth DIY so long as you can see the benefits, as there'll be downsides(which is greatly reduced as you get more experienced). Think of it as running a business, as they say you need to be hands on to learn anything and also protect your investment better.When you self-manage it's not just for saving…[Read more]

  • Scarecrow7 replied to the topic Carrum Downs and Skye in the forum General Property 16 years, 9 months ago

    Stretch yourself and try and get closer to Frankston centre where a lot of development money is going in. I prefer Seaford as close to the bay as possible. That should be your goal rather than go inland. Also, in time, there may be a difference in price b/w properties west of Eastlink vs east. Given you're an investor, try for an older house that…[Read more]

  • Scarecrow7 replied to the topic Bayside Melbourne in the forum General Property 16 years, 10 months ago

    Hi Reno,Since beginning of this year it's really taken off, stories that locals and interstate investors as far as WA are buying up on the seemingly no brainer that these areas are undervalued considering how close they are to water, with Frankston development boom and Eastlink to come.So reinforcing your perception that it's really heated, the…[Read more]

  • Scarecrow7 replied to the topic Buying off the plan in the forum General Property 16 years, 10 months ago

    Hi Karen,try going to the websites of developers in your city. Don't forget quasi-state development bodies (Landcorp, VicUrban)Units/apartments – Meriton, Central Equity, Houses – Mirvac, australand, Stockland, Lend Lease etcNot advocating these particular brands however once you start on this track hopefully it'll open your eyes to the projects…[Read more]

  • Scarecrow7 replied to the topic land value in VIC in the forum General Property 17 years, 2 months ago

    One way you can find out is either visit properties in the area on auction day, and read the vendor’s statement. it will contain a council or land tax certificate and council valuation on land. Size of land is not often published but you can check with the agent and put 2 and 2 together.

    The desktop version would be to simply ring up those agents…[Read more]

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