Welcome Guest [Log In] [Register]


Reply
Foxbat calls Perth a buy September 2016
Topic Started: 22 Sep 2016, 10:35 PM (9,156 Views)
newjez
Member Avatar


Matthew
28 Sep 2016, 12:36 PM
I would offer $620k for this http://reiwa.com.au/23-warner-court-manning-3830770/ and be confident of getting it. 452m2 is a good sized block in this location. Once you belt down the mortgage a bit over 3 - 5 years you can level it and build a quality 2 storey house in prime location plenty of room for a pool. You could create a $1.3m - $1.5m property in 5 years in todays money for less than $1m.
Tiny block for the area isn't it? Looks like it has already been subdivided, but couldn't see any right of way, so you are probably right. Be a small pool though. Good location and not a terrible house. Get three students in there easily.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


newjez
29 Sep 2016, 02:26 PM
Tiny block for the area isn't it? Looks like it has already been subdivided, but couldn't see any right of way, so you are probably right. Be a small pool though. Good location and not a terrible house. Get three students in there easily.
It isn't subdivisible, it backs onto Manning Road on the river / Trinity playing Fields side. Nice location.

16m frontage you could build a 350m2 - 400m2 double storey house and still have a 130m2 back yard, plenty of space for a 3.5m x 10m concrete pool with a mountain of lawn / garden around it. As I said you could create a $1.5m residence in todays money for $1m - $1.1m the day you moved in.

If you were smashing the house down renting to 3 unit students and letting them trash it wouldn't be the worst result, but might make you unpopular with the neighbours when you move in.
Edited by Matthew, 29 Sep 2016, 07:00 PM.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

foxbat
22 Sep 2016, 10:35 PM
Foxbat calls Perth a buy September 2016
I thought you were waiting for a 40% fall?

Perth is down less than 10% from the 2014 nominal peak, in nominal terms.

Of course, prices are well down in real terms from the 2006 peak, but that's been the case for several years.

Will you be buying using Australian dollars, or using the global reserve currency?
Edited by Khaderbhai, 29 Sep 2016, 07:04 PM.
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
Bardon
Default APF Avatar


Matthew
29 Sep 2016, 02:08 PM
You would get something like $450 - $475 per week so gross yield of 3.8% - 4% without trying, $500 and change if you were willing to hold out. The house isn't much chop but it is a desirable suburb and the land would be worth $575k minimum cleared and level today. It is as near to a free house as you would ever get in Manning.
Cheers nearly buying at land value is a good indicator of potential.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Matthew
29 Sep 2016, 02:08 PM
You would get something like $450 - $475 per week so gross yield of 3.8% - 4% without trying, $500 and change if you were willing to hold out. The house isn't much chop but it is a desirable suburb and the land would be worth $575k minimum cleared and level today. It is as near to a free house as you would ever get in Manning.
What about interest costs???
Khaderbhai
29 Sep 2016, 07:04 PM
I thought you were waiting for a 40% fall?

Perth is down less than 10% from the 2014 nominal peak, in nominal terms.

Of course, prices are well down in real terms from the 2006 peak, but that's been the case for several years.

Will you be buying using Australian dollars, or using the global reserve currency?
http://www.perthnow.com.au/news/western-australia/corelogics-latest-pain-and-gain-report-reveals-which-suburbs-are-most-likely-to-turn-a-property-profit/news-story/e5f9ada71a1b65682afdebe34dc55fc1
Khaderbhai
29 Sep 2016, 07:04 PM
I thought you were waiting for a 40% fall?

Perth is down less than 10% from the 2014 nominal peak, in nominal terms.

Of course, prices are well down in real terms from the 2006 peak, but that's been the case for several years.

Will you be buying using Australian dollars, or using the global reserve currency?
Gold and lithium shares,
So $1.1m up so far this year.

If they run hard I have calculated that could go to $8m, in a take over situation

If the lithium share revalues to market peer price, there is $4m.

I will pull it out and may lithium up again and see if I can push that to $40m.

Gold is slowing but lithium is going full retard.

Peter
Edited by Foxy, 29 Sep 2016, 10:01 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Khaderbhai
Member Avatar
Wealthy Suburbanite

foxbat
29 Sep 2016, 09:52 PM
Gold and lithium shares,
So $1.1m up so far this year.

If they run hard I have calculated that could go to $8m, in a take over situation

If the lithium share revalues to market peer price, there is $4m.

I will pull it out and may lithium up again and see if I can push that to $40m.

Gold is slowing but lithium is going full retard.

Peter
Very interesting but you didn't answer the question.

I thought you were waiting for a 40% fall?

Will you be buying using Australian dollars, or using the global reserve currency?
Banks can't repossess your home simply because the market value falls. Australia's Consumer Credit Code says consumers aren't liable for things ordinarily outside their control and can't be held to obligations that could only be met by selling their home. Click for details.

"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Profile "REPLY WITH QUOTE" Go to top
 
conork
Default APF Avatar


Bardon
29 Sep 2016, 08:19 PM
Cheers nearly buying at land value is a good indicator of potential.
So its going to cost you 150-200/week.

and the asset is depreciating.

Oh dear.
Profile "REPLY WITH QUOTE" Go to top
 
Foxy
Member Avatar
Zero is coming...

Khaderbhai
29 Sep 2016, 10:48 PM
Very interesting but you didn't answer the question.

I thought you were waiting for a 40% fall?

Will you be buying using Australian dollars, or using the global reserve currency?
Australian dollars will do the transaction, but I will count it in lithium and gold shares.

So I have put in $50,000 it is now worth $730,000 that is two moves,

So yes Australian dollars but that equals 1,058,000 Kdr.

Now if Kdr goes to ?$8 per share, I will sell say 140,000 Kdr to buy the unit that was valued at $3.8m, so in my world I will pay "Peter" money, that could be $7,000 Australian for a unit that was valued at $3,800,000 Australian at the peak of the boom and that would have been close to $4,500,000 U.S.

So I get that for $7,000 Australian in Peter units.

Basically free.

Foxbat told me how to do it..



So the reduction to me is like 99% a lot more than 40%.

But I have let you know every step of the way.

Check the forum logs.
http://oilprice.com/Energy/Energy-General/Why-Lithium-Will-See-Another-Price-Spike-This-Fall.html
Edited by Foxy, 30 Sep 2016, 01:09 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
Profile "REPLY WITH QUOTE" Go to top
 
Matthew
Default APF Avatar


foxbat
29 Sep 2016, 09:52 PM
I will pull it out and may lithium up again and see if I can push that to $40m.

Gold is slowing but I am going full retard.

Peter
There you go champ, fixed that typo for you.
foxbat
30 Sep 2016, 12:39 AM
So I have put in $50,000 it is now worth $730,000 that is two moves,



Haven't you and I covered off that this was bullshit recently?

Quote:
 
Now if Kdr goes to ?$8 per share
Then it will be valued at around $2.4bn as a company instead of $200m. An ASX20 company.

You don't think any of your shit through to the end do you?

Quote:
 
So I get that for $7,000 Australian in Peter units.

Basically free.

Foxbat told me how to do it..
Ben Cousins does not enjoy the artificial highs you do. He is jealous of you.

Quote:
 
So the reduction to me is like 99%
f*** you are stupid.
conork
29 Sep 2016, 11:03 PM
So its going to cost you 150-200/week.
Your calculator is broken.

Quote:
 
and the asset is depreciating.
The asset is the land, not the house. It is appreciating.

Quote:
 
Oh dear.
Indeed.
Edited by Matthew, 30 Sep 2016, 02:10 AM.
My only hope for my three boys is that they turn out nothing at all like Chris.
Profile "REPLY WITH QUOTE" Go to top
 
newjez
Member Avatar


Matthew
29 Sep 2016, 06:59 PM
It isn't subdivisible, it backs onto Manning Road on the river / Trinity playing Fields side. Nice location.

16m frontage you could build a 350m2 - 400m2 double storey house and still have a 130m2 back yard, plenty of space for a 3.5m x 10m concrete pool with a mountain of lawn / garden around it. As I said you could create a $1.5m residence in todays money for $1m - $1.1m the day you moved in.

If you were smashing the house down renting to 3 unit students and letting them trash it wouldn't be the worst result, but might make you unpopular with the neighbours when you move in.
Like this one? Not sure what low to mid millions means


http://reiwa.com.au/62-downey-drive-manning-3828554/
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Profile "REPLY WITH QUOTE" Go to top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Create your own social network with a free forum.
Go to Next Page
« Previous Topic · Australian Property Forum · Next Topic »
Reply



Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.

Forum Rules: The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.

Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.

Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.

This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.

For more information go to Limitations on Exclusive Rights: Fair Use

Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ

Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy