Yes I've had lots of help, not everyone one gets a block of land on their 18th Bithday, I could have sat back & been a princess but Ive had the interest to get involved to make the $$.
Blondie, I don't know where your first block of land was, or is, but these days a block of land, say 10-15 kms from Melbourne CBD would be about $900,000 (probably with a pull-down house on it). Maybe your parents were exceptionally generous but I'm guessing blocks were a lot cheaper when you received it, and remember, we've had massive price growth since. I doubt we're going to have the same price growth from this point on.
Blondie, I don't know where your first block of land was, or is, but these days a block of land, say 10-15 kms from Melbourne CBD would be about $900,000 (probably with a pull-down house on it).
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Interesting if the comments about majority of landlords being lower middle income earners are true ...
hammers home where dumb money is right now if its true ... Wheres the smart money ? My bet is its probably focussing on taking its share of interest payments of the sheeples leveraging up on IO IP's ... Its been one of the easiest sells of the decade , sponsored by all your favorite renovation TV shows ..
This.
Also there are many players in this Mexican standoff
1. foreign buyers
2. interest rates
3. the media with its appetite for advertising revenue
4. NG
5. SMSFS
6. Bogans and White Shoe Gurus alike who at suburban BBQs tell everyone how great owning IP/property is
7. People from England/Europe/Asia and other poor countries who have a "dream" to own, it's wired into their third world upbringing.
Blondie, I don't know where your first block of land was, or is, but these days a block of land, say 10-15 kms from Melbourne CBD would be about $900,000 (probably with a pull-down house on it). Maybe your parents were exceptionally generous but I'm guessing blocks were a lot cheaper when you received it, and remember, we've had massive price growth since. I doubt we're going to have the same price growth from this point on.
Well, it depends on the location & timing regarding the price, yes prices have certainly changed in the yrs going by.
However, people are buying property at various prices in differing locations each & every day to what they can afford, that has certainly NEVER changed.
No, I don't think we're going to see the biggie boom good times, $$ was made & I certainly took advantage of it. But, there is still going to be growth in places of demand such as inner city.
Property investing has its good & bad, it can either drown you or you can surf its waves. This nearly 40 yr old blonde has seen the good, bad & ugly.
Here's a bad eg.
My parents copped a lot of shit from the local council when they wanted to subdivide their hobby farm in the Perth hills, when I was a teen. They had 10 acres, so they sold. 4 yrs later, the zoning gets conveniently changed, a major high school gets built 1 street away. Yeah Tough shit.
Now, it's school hols these kids wish to go & have some fun.
I'm gonna have to educate political correctness about Coon cheese, Grocery shopping this morning was a saga...
"mum I want tasty coon not the light coon." says 1 twin @ the friggin checkout for all the world to hear....
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Piggy, this 'fool' factored in 30% as a worst case scenario for his Brisbane property at the height of the GFC - Allowing for forced sales. And decided to hold.
Of course, I didn't have to worry about losing my job I guess - As I didn't have a job back then! (Though I had no mortgages either; And I had cash in bank.)
Anyway, what we've actually seen here has basically been a flat market for 5 years. During which time I've increased my cash in bank by about $230K. (I got lucky and picked up a bit of work for a while.)
Of course as part of that basically flat market, some properties certainly dropped 10% and 15% - Two of my own among them - For a time.
Low risk - well hedged risk anyway; Slept well at night; No harm done - And now I'm thinking of having a bit of a 'punt' again. From an enhanced cash position. Don't see the problem meself?
Though for others the story will be different of course - Better for some and worse for others I fully imagine ...
PS: Anyone with a heartbeat knew strange things were afoot by 2006. So when the GFC blew I wasn't going in totally blind and had no real probs coming up with a bit of an overall 'game plan' - Knowing I wasn't too bright, I set myself a benchmark for 'success' of coming out the other end of the debacle not losing any more than 20%. And to date I've done rather better than that - Up about 10% I'd say? So no grizzles here.
yes but are a moderate herbie.
the whole idea is to flush out roaches like timo who claim year after year that housing will crash 40%, never acknowledging that prices have risen. keen would need about 60% crash to hit his 2008 prdiction. do you see this admission from the bears?
I am the love child of Tony Abbott and Pauline Hanson
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.
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