Hi, i have started looking at Victoria for property and am having trouble finding cashflow positive properties, something that i found a bit easier to do in NSW by buying in large rural areas.
Am i missing something or is a lower return on investment the norm in Victoria?
Thanks
Sonya
sonyasal wrote:Am i missing something or is a lower return on investment the norm in Victoria?
Maybe higher capital gain is the norm in Victoria…
That statement should provoke some responses!
There are many cash flow positive properties in Vic, just not Melbourne.
And yes, I'm referring to normal, single title, residential property.
Hi YI, would you be willing to elaborate? i ahve been looking at a couple of towns, but not having much luck find CF+ properties.
cheers
Sonya
Hi Sonya,
Try searching in a few towns in North West Vic.
If you don't have much luck then please PM me.
Two month update:
March – Interest rates up 0.25% to 4% – March
Demand for new home loans dropped 8% in Jan – News.com
Fujitsu Consulting – 218,000 borrowers into severe mortgage stress last month.
March 29 – Glenn Stevens " I think it is a mistake to assume that a riskless, easy, graranteed way to prosperity is to be leveraged into property. It isn't going to be that easy"
April – Interest rates up 0.25% to 4.25%
RBA tackles back to the future scenerio ( housing back to 2007-8 debt levels and rising again after GFC saved us ). http://www.abc.net.au/news/stories...
Foreign men of property move in http://www.news.com.au/money/property….
Interest rates heading to 10percent, experts warn….www.news.com.au/money/
Loans slump may point to house price fall http://www.theage.com.au/business/property/loans…..Whilst latest auction results point to record levels….I think its the last hooray before the crash….not tomorrow but pressure is building up .. thus a bigger crash to come…
OK you can all shoot me down now…
hahaha and they recon i'm bad,
67% of the recent buyers are from overseas and they won't live in the property.
FHOG are pooing their panties – wait till they hit 10%
Warrawee in Sydney has a 15 million dollar house for sale and a 30 million dollar house in Double bay so times are good … so far all the bidders are from China …
Australia in 10 years will be a very different place people – if you have never traveled to China, Japan, India, South Korea, Thailand, Taiwan then I suggest you do because that is what Australia is going to look like.
This Rudd government are making some massive mistakes without proper and intelligent thinking – how much are their last stuff ups costing us – Home insulation, Asylum dwellers and the schools building project … tax dollars .. Kevin (i'm sorry) Rudd
If you are apart of the working class read Robert Kiyosakis new book "conspiracy" and join his free web site …
wealth4life.com wrote:67% of the recent buyers are from overseas and they won't live in the property.
Do you have a reference for this? It sounds very high.
Dan42,
This is not the answer but gives a clue.
http://www.brisbanetimes.com.au/business/foreign-buyers-inflating-market-20100326-r378.htmlI don't know if it is this high but it is really being underestimated. Australia has a very small population compared to the rest of the world. There would be plenty of wealthy foreign investors to buy out the country. If you notice every press mention of foreign investment runs along the lines of 'small, negligible, not a strong influence' etc the shock of everyones life is coming with the actual numbers (if we ever find out)
KRudd can exit at the next election please and then the foreign investment policy can go the way of nuclear power and other crap ideas that just don't work in principle.
I think KRudd likes China a lot. He has invited foreign investment from there and adopted the internet censorship ideas from the Chinese govt. Pollies always have to crawl up someones butt don't they. Oh well lets hope that the silent majority get rid of him and his lackeys. I'll vote for speedo-man even if he is too busy posing and not wearing pants to run the country. Oh wait he's running another marathon……
And does anyone believe that Glenn Stevens does not own one property? Not even one investment property?
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeThat is one of the first articles I've seen where they haven't played down the foreign investment numbers.
Around here the property price has basically gone 500k in about 6 mths. No FHB getting in at 1.5 mil….
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeWell I've said this many times before but I'd say it again:
Bring on the crash. I'm WAITING!!
Me to buy now please money send detail of credit quick rush please yes no ok !!!!!!!!
Hahahha!
Dirty of meeting? Not food in enclosure? Each level with likings and earthenware!
LOL Lost in translation……
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeMan I'm already waking up to a great morning! Laughs from the get go!
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeWith the original post removed both DWOLF and myself look mad
I'm still laughing tho! Maybe madly…..
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Mewaiting for the crash so you can buy huh?
good luck – IF, and I mean IF a crash comes I suspect those waiting for the big 50% saving will miss out because the crash will most likley be caused by
higher IRs > 10%
banks will need a high deposit
high unemploymentgood luck getting a loan. be careful what you wish for
Best way to create a crash IMHO, is abolish negative gearing.
However, that crash will be accompanied by riots and a war, so in essence, it's just not going to happen. Really, do the seat warmers up there really care who can and who cannot afford property? I don't think that's their biggest priority.
Best way to create a crash is to keep saying it will happen! Look at Wayne Swan and the original slowdown of the economy. 5 mins after Labor won the election the country was in trouble!
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email Me
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