How to settle happily in OZ

[Ash007]

I 1/8 also not there ok. But you are right, I think 3-5 years time there might be another boom. Low-middle end houses are starting to sell well now, bringing down the median price. As the saying goes, buy low sell high. In the mean time, expect property prices in the middle to high end to remain "flat" at best.

I am paying btw 1600-1800 per plot..
Not big size too - about 1/4 acre (900m2) nia.. hehe..
Well bottom line, it beats renting..
Enjoy another waves of boom in 3-5yrs time..

 

[koala88]

You not Axe?

Of course I am NOT Axe. You must be thinking of Axe too much.

 

[koala88]

Aiyah, both your style very similar mah. your old avatar also koala 168,88 also.

Hiyah, I wanted my nick to be just "koala". But it was taken up. So I just add some numbers after it.

 

[Ash007]

Which happen to be 88 mah. Welcome to the forum. You and axe should meet up and discuss about koalas.

Hiyah, I wanted my nick to be just "koala". But it was taken up. So I just add some numbers after it.

 

[koala88]

Rental in Sydney has skyrocketed to the point that buying a property is making it worthwhile. $450 per week around $2K a month. Or $2K a month mortgage for a house? People just have to be realistic where they want to live.

Interestingly in Sydney, property prices has softened slightly compared with last/previous year.

As the rates are coming off, no wonder landlords are laughing all the way to the bank with the skyrocketting rental.

Not sure about Perth / WA though.

 

[koala88]

Which happen to be 88 mah. Welcome to the forum. You and axe should meet up and discuss about koalas.

Thanks Ash, it is hard to find those lazy koalas up on the gum trees. Ha Ha.

 

[Ash007]

"Softening" based on median price, you should check the prices for the lower-end, prices are rising at that end. What this mean? People are still buying property, but not paying exorbitant prices anymore.

Interestingly in Sydney, property prices has softened slightly compared with last/previous year.

As the rates are coming off, no wonder landlords are laughing all the way to the bank with the skyrocketting rental.

Not sure about Perth / WA though.

 

[koala88]

"Softening" based on median price, you should check the prices for the lower-end, prices are rising at that end. What this mean? People are still buying property, but not paying exorbitant prices anymore.

Thanks Ash. Indeed so. It is the top end that is bearing the brunt.

http://smh.domain.com.au/featured-suburbs/suburb-focus-vaucluse-20121026-28939.html
Suburb focus: Vaucluse
October 27, 2012

Thanks to the continued fallout from the global financial crisis - marked by a drop of 28 per cent in the past two years and of 11.7 per cent in the past 12 months - today's median is below what it was six years ago.

 

[neddy]

Not sure about Perth / WA though.

There is a place to look for Perth prices.

 

[Ash007]

Now check prices for the sub 500K mark, you'll see certain suburbs gaining in value, yet, largely unreported.

Thanks Ash. Indeed so. It is the top end that is bearing the brunt.

http://smh.domain.com.au/featured-suburbs/suburb-focus-vaucluse-20121026-28939.html
Suburb focus: Vaucluse
October 27, 2012

 

[mulvi74]

Come to Australia, land of opportunity
Aka diet US

http://www.smh.com.au/queensland/ma...-with-horse-to-send-to-ex-20121110-294fv.html

Man filmed himself having sex with horse to send to ex
Date
November 10, 2012 - 11:53AM
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A man who filmed himself having sex with a horse sent his ex-wife a video of the event.

Michael Francis Klan, 36, had intercourse with the beast at Fairney View and recorded the incident.

Klan then sent messages to his ex-wife asking if she would like to watch the footage or view any of his photographs of his encounter.

He then sent through a video of the act - which his ex took to the police.

Advertisement
Ipswich District Court was told Klan's face was obscured in the video but he admitted to detectives that it was him having sex with the animal.

Crown prosecutor Caroline Marco told the court the offence was "disturbing (and) abhorrent" and was aggravated by Klan filming and distributing the material.

A psychiatrist said Klan clearly needed specialised treatment for his issues.

 

[axe168]

I 1/8 also not there ok. But you are right, I think 3-5 years time there might be another boom. Low-middle end houses are starting to sell well now, bringing down the median price. As the saying goes, buy low sell high. In the mean time, expect property prices in the middle to high end to remain "flat" at best.

Ya late but never too late.
This is the 4th properties I've bought since 1997.. Assume each property made a profit of 200k (which is very reasonable), I'm smiling at 800k gain :-) I treat properties and primary hse like a business, I have to sell to make a profit. Rely on my pay to earn those profit, dream on...
Hope you can catch the waves soon !

 

[axe168]

Thanks Ash, it is hard to find those lazy koalas up on the gum trees. Ha Ha.

Haha ! Bro, a good one !

 

[koala88]

There is a place to look for Perth prices.

This must be due to the mining boom. Those who were there in the 90's must be sitting on a gold mine.

 

[koala88]

Now check prices for the sub 500K mark, you'll see certain suburbs gaining in value, yet, largely unreported.

The outer west have lots of sub 500k available particularly those newly developed suburb. There was a study done not too long ago, reported in the SMH, that the affordability level is being stretched in the outer west. Being stretched means limitations to the holding power and hence will be in for a wild roller coaster ride should the economy turns bad.

 

[koala88]

Ya late but never too late.
This is the 4th properties I've bought since 1997.. Assume each property made a profit of 200k (which is very reasonable), I'm smiling at 800k gain :-) I treat properties and primary hse like a business, I have to sell to make a profit. Rely on my pay to earn those profit, dream on...
Hope you can catch the waves soon !

You must be a good investor!

I bought my 1st Oz property, in a Gold Coast suburb, in early 1990's. It is about 100m from the beach. The outlay is about $150k. After almost 20 years, I could NOT even make $150 if I sell it now. It was a bad investment.

Location, Location and Location.

 

[axe168]

You sure or not ? I bought a piece in Bris for about $390k in 2005 (7km from city).. Luckily, I managed to make it pregnant, it bears another lot. Both are doing ok with valuation avg $200k gain each.

It can't be too hard for Gold Coast right ?

You must be a good investor!

I bought my 1st Oz property, in a Gold Coast suburb, in early 1990's. It is about 100m from the beach. The outlay is about $150k. After almost 20 years, I could NOT even make $150 if I sell it now. It was a bad investment.

Location, Location and Location.

 

[koala88]

You sure or not ? I bought a piece in Bris for about $390k in 2005 (7km from city).. Luckily, I managed to make it pregnant, it bears another lot. Both are doing ok with valuation avg $200k gain each.

It can't be too hard for Gold Coast right ?

You are good. It took you less than 10 years to double your $$.

I bought my Labrador apartment in early 1990's for $147k to be exact. Till todate, after nearly 20 years, I could not pocket $147k in the after sales proceed. Most of the rental income over the years has gone to pay off the loan. Nothing left.

When you look at the Perth chart, you realised that it has gone up a few times.

 

[The_Hypocrite]

yeah as if oz is the land of milk and honey,,,u guys yanking my chain?

 

[axe168]

You are good. It took you less than 10 years to double your $$.

I bought my Labrador apartment in early 1990's for $147k to be exact. Till todate, after nearly 20 years, I could not pocket $147k in the after sales proceed. Most of the rental income over the years has gone to pay off the loan. Nothing left.

When you look at the Perth chart, you realised that it has gone up a few times.

Well.. I cannot comment about the capital growth for apartment.. But i reckon you will have a good yield ! At least 10% :-)