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Housing collapse 2012 for Australia

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 6:35pm


These are examples which we cry over but NEVER do we think of the many times the penny dropped the other way.
Another bit of good advice ...   NEVER do business with Family members.
They are like CRIME      =    Don't pay.     AND once they get a say in the financial side of things they suddenly become experts and Dad knows nothing ... Immediately After the Cheque's are signed.     [/QUOTE]

Good advice, sometimes.  I know a guy who was CEO of  a number of companies ,v ery successful owned racehorses, magnificent art collection, set for life. Was retired and  helped his son with an injection of cash in his struggling business, I think he was somewhat involved with the business after that as well, but did bot know when to draw the line, strange considering his business background. Anyway he poured in $10 million which he lost, is now reduced to renting, sold his luxurious house and a million dollar art collection.

Not a good outlook for a 75 year old
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 6:59pm
Originally posted by oneonesit oneonesit wrote:

What's wrong with everyone on this thread today ? I know its Passing Throughs birthday - however that's not an excuse for the amount of civility going on ! Can we get back to normal please - boring !!!!


I am as nice or nasty to others as they are to me.
So take your pathetic, pernicious, provocative presence and bugga off Wink
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gay3 Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 7:40pm
Originally posted by oneonesit oneonesit wrote:

What's wrong with everyone on this thread today ? I know its Passing Throughs birthday - however that's not an excuse for the amount of civility going on ! Can we get back to normal please - boring !!!!


I've locked threads, moved others to the Laundry, edited & hidden, far too many posts. Hopefully some have taken note as I don't intend keeping it up day in, day out, heads will roll if the vitriole persists Smile
Experience is something you gain a few minutes after you could have used it!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gay3 Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 7:43pm
"NEVER do business with Family or Friends"

O
ne of Mums' most oft used sayings Big smile
Experience is something you gain a few minutes after you could have used it!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 7:51pm
Originally posted by Gay3 Gay3 wrote:

"NEVER do business with Family or Friends"

O
ne of Mums' most oft used sayings Big smile


Mum was a wise Lady ..      She would have spoken from hard earned experience.
Biggest problem is you lose the money and worst of all The " Friendship".

Don't lend ....    GIVE all you like .

A great answer was the carpenter's mate asked him for a loan.

   He said I have an agreement with the Bank.     I don't lend money and they don't build houses.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 7:58pm
Originally posted by maccamax maccamax wrote:

Originally posted by Gay3 Gay3 wrote:

"NEVER do business with Family or Friends"

O
ne of Mums' most oft used sayings Big smile


Mum was a wise Lady ..      She would have spoken from hard earned experience.
Biggest problem is you lose the money and worst of all The " Friendship".

Don't lend ....    GIVE all you like .

A great answer was the carpenter's mate asked him for a loan.

   He said I have an agreement with the Bank.     I don't lend money and they don't build houses.
Very true all that. Cost me a few friends over the years
Wouldn't be dead for quids !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Gay3 Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 8:24pm
Can also get rid of those you can do without if they don't return a tenner or fiver Wink

Another of her favourites was "Never a borrower or lender be.............." & I've forgotten the rest, can't be bothered googling either LOL
Experience is something you gain a few minutes after you could have used it!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 8:37pm
Yes lots of indicators to lousiness. Go missing in action in a shout, want to break a meal bill down to the last 10 cents, turns up to your get together with 2 stubbies in an esky - drinks everyone else's - & takes his 2 home at the end of the night, brags about the finds he gets at garage sales (including toys for the kids), has every loyalty reward card ever produced & sends himself mental ensuring he maximises every 5cent bonus - & worries more about scanning the cards than getting the change. Yep, nothing worse than being around lousy bathtubs ! And even worse when they have no real reason to be !
Wouldn't be dead for quids !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote oneonesit Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 8:42pm
& further - try not to let non-punters know you are a punter. Your immediately seen as a mug, a loser, someone who is carefree with money. If you can blow $50 on a horse you can shout an "extra" round for the party. Sad but true.
Wouldn't be dead for quids !
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 8:47pm
Originally posted by Gay3 Gay3 wrote:

Can also get rid of those you can do without if they don't return a tenner or fiver Wink

Another of her favourites was "Never a borrower or lender be.............." & I've forgotten the rest, can't be bothered googling either LOL


Has some validity but I strongly disagree with a blanket attitude like that, take each case as it comes.
Foir instance my father satred a small business at 42 after years of struggling. A wealthy friend of his lent him some money to get him through the first difficult period on a handshake. My father paid him back in 6 months. The friemd then told him he did not expect my father to succeed and never expected to see his money again.

2 years ago I saw a separated friend of mine was struggling to make ends meet, I lent her $10,000 without her asking, to be paid back when she can > I fully expect her to pay me back when her divorce comes through, if not it is no tragedy, I did what I thought was right

Of course in both cases the lender could afford to lose the money if worse came to worse, makes a difference I guess
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 24 Jan 2018 at 8:49pm
And I am lousy when it comes to spending on myself , have minimal needs
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Afros Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jan 2018 at 6:25am
Originally posted by maccamax maccamax wrote:

Originally posted by Afros Afros wrote:

Originally posted by maccamax maccamax wrote:

Originally posted by Afros Afros wrote:

Originally posted by maccamax maccamax wrote:

Originally posted by Dr E Dr E wrote:

I guess rubbish in rubbish out would probably have been more appropriate in mixed company ... and there is no need to explain what putrid rubbish attracts.


Some people don't have much to support their input,   when making a big deal about the words Medium, Average or Median.
The subject matter is what counts and while we older brigade have had our lifetimes to achieve & prepare as best we could, for a comfortable retirement.
    Spare a thought that some readers of our experiences and opinions may be of benefit to them in some way.          I'm sure many of us would have been much better off had we had Forums and Googles to get better education and money management when we were serving the apprenticeships of life .

   Rather foolish to confuse with arguments about words that virtually mean the same anyway.


To summarise this post.

maccamax: 'you should all just respect me because I'm old.'


Cheesus AFROS ..     You have never been a bright light but that post makes as much sense as your reproductive organs.
Are you one who believes experience is nullified by advancing years.
       Most "Brokes" have similar views.


I really don't think avoiding death is an achievement that on its own deserves respect, being older doesn't automatically mean you have more knowledge or experience then someone younger it just means you've managed to keep living.


Whatever floats your boat.    No improvement in that post either.
What experience does offer to people, is the opportunity to consider their first hand thoughts to your own Final analysis.
eg.      I asked WHY would anyone invest at Tweed Heads, when for the same price you can invest in the corridor of huge future capital gain in Brisbane & North of areas..    


Of course those figures show Tweed Heads isn't a good investment area, what about the average Joe who lives there and just wants to buy the family home? Maybe he should just follow out of touch Joes advise and get s better job?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jan 2018 at 7:58am
Originally posted by Dr E Dr E wrote:

Gotta love the guy who spends half a thread acknowledging he's got nothing because of his inept real estate knowledge and lack of vision, yet still defends some random list he found that shows Tweed Heads is somehow as "unaffordable" as Sydney (?), to be indisputable fact and real estate gospel ... everyone has "that" Uncle ... hands up if you saw him at a family event this past year and he gave you some kind of real estate or financial advice? ... I was actually thinking of sending Federer a text telling him how to go about it, before his match today!LOL


I posted that table as a matter of interest showing Australian house prices are unaffordable





Edited by Gay3 - 25 Jan 2018 at 8:34am
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jan 2018 at 8:01am
[

T

Of course those figures show Tweed Heads isn't a good investment area, what about the average Joe who lives there and just wants to buy the family home? Maybe he should just follow out of touch Joes advise and get s better job?[/QUOTE]


exactly, what has investment got to do with anything? but you can't argue with a stubborn mule
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jan 2018 at 1:44pm
Sorry, no more free education for you Afros ... keep listening to Whale though - fortunately there are lots of nice government assisted housing schemes in Australia.Thumbs Up
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jan 2018 at 5:40pm
Originally posted by Dr E Dr E wrote:

Sorry, no more free education for you Afros ... keep listening to Whale though - fortunately there are lots of nice government assisted housing schemes in Australia.Thumbs Up


I noted Channel 9 had their top Qld Investment area as PETRIE last night.

Max mentioned that long ago as did others since .

I think some Real Estate Guru's refer to the Brisbane CBD and North toward the Sunshine Coast as the Corridor for big gains in coming years.

It's never too late to put in silly offers on desperate sales.
Remember , if ever your offer is accepted, you've offered too much.
The offer should be refused so the reverse psychology come in .
The seller has the job of getting you up , Your no longer trying to get him down.
Agents will probably never see the seller again , Your buying & doing future business on his turf ,   SO whose side do you think his sub conscience is on.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2018 at 12:20am
Most people who get their advice from the media would have sold up in Sydney in 2011 ... the favourite real estate piece on Chanel 9 over the past 20 years has been the warning of the impending "REAL ESTATE BUBBLE".Cry

Regardless of the commodity, if they say buy, sell ... if they say sell, buy ... guaranteed road to wealth!
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jan 2018 at 1:39am
Originally posted by Dr E Dr E wrote:

Most people who get their advice from the media would have sold up in Sydney in 2011 ... the favourite real estate piece on Chanel 9 over the past 20 years has been the warning of the impending "REAL ESTATE BUBBLE".Cry

Regardless of the commodity, if they say buy, sell ... if they say sell, buy ... guaranteed road to wealth!


   Reality is Doc , I've been listening to that for over 60 years.

Solid residential Real Estate can't go down while our Migration intake is anywhere near the levels we are virtually committed to.
Labor is all MOUTH about making Housing more affordable.    The Government is near to totally dependent on the Building Industry being solid.
   They can slow things now to avoid the " Keating price explosions " By postcode deposit arrangements with Banks but to tamper with their own income by interfering too much with negative gearing would be a costly error for them.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sneck Quote  Post ReplyReply Direct Link To This Post Posted: 31 Jan 2018 at 12:41pm
I have a question about buying real estate.

Is it worth buying a new property to take advantage of government grants, first home buyer grant and no stamp duty, over an existing property?

My casual observation is there appears to be a price premium attached to new properties but I don't have the knowledge to accurately weight it in terms of value.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Dr E Quote  Post ReplyReply Direct Link To This Post Posted: 02 Feb 2018 at 2:09am
Easy answer Sneck - it all depends!Wink

If you are buying to live in, then it is a lifestyle decision, and you can afford to pay an emotional premium price. If you are a couple, "she who must be obeyed" will make the decision for you anyway.

You pay a premium for new, which can be mitigated by knowing the market, and spending time "shopping" (researching) - as is the case with almost every commodity - the advantages may be financial, by way of grants and or exemptions if an eligible First Home Buyer (depending on state based incentives), and if say buying house and land, you get to have strong input in design aspects ... which is hit and miss when looking at existing property - you may never find exactly what ticks all of your boxes. New will carry warranties, so mostly no maintenance costs for 6 or 7 years, whereas an older property, depending on quality of build, will need work and $$$'s spent at some point. Building may restrict locations, very few blocks of vacant land outside of the far flung new estates, although, there are lots of unit and high density developments nearer city centers, if that meets your needs, may not if you have kids and pets.

If an investor, it is simpler as there is no emotion. The benefits of new are around the tax deductions of depreciation, again, no maintenance costs so cash flow planning is easier, location, asset quality, type of tenant and potential rental yields will normally be better. In many cases this will mitigate the premium, and as an investor, you should be buying to hold for 10 years or much longer, so a 5% premium in an East coast capital city (always preferred for growth) will be meaningless over time, if the asset is better than those in the vicinity.Tax rates and therefore affordability and wealth strategies will also determine the best options. Existing property in a lower socioeconomic area may offer cheaper entry costs, higher yields, thus better borrowing capacity, but normally lower capital growth outcomes. Serious investors will be building a property portfolio, and a mix of property types is often desirable.

So without a specific needs criteria, there are a lot of answers, and depending on your circumstances, plenty of planning and research will always help!Thumbs Up
In reference to every post in the Trump thread ... "There may have been a tiny bit of license taken there" ... Ok, Thanks for the "heads up" PT!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 04 Feb 2018 at 1:40pm
Great Stuff Doc.

We have always concentrated on desperate sales with value offers and prepared to renovate as we can do most things ourselves.
    True saying is POSITION, POSITION, POSITION.       and that means the simple ( what Residential area is best prospects in a City one can afford ).

Over the years on TBV some great advice has been put forward by quite a few members and anyone who followed those tips way back ( 8 or 9 years , some of them )   have done really well.   ( ignore posts by BROOKE ).

I have noted new Developements 15K to Brisbane North are too expensive by comparison ( my view only ),   but The area prices are being pushed by
The Armed Services buying up big.     Has lifted the region in a very positive way ( relatively crime free etc. )

A little further out > Petrie > area will lift with a University scheduled to open in 12 months or so ..   Numerous members have mentioned that ....    lol , Buy a big house and let rooms to Uni Students , aye .

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Whale Quote  Post ReplyReply Direct Link To This Post Posted: 31 Oct 2019 at 12:09pm
Got this in email, I am buying 10 units Smile


Sunshine Coast has strong prospects for ongoing capital growth, boosted by infrastructure developments such as the University Hospital, the Maroochydore CBD project, and the airport expansion. According to Hotspots, the best part of the Sunshine Coast for investors to consider is the southern precinct including Maroochydore.

Maroochydore offers excellent capital growth potential, with a low vacancy rate and a strong rental market, yield and annual growth. Research from QBE also indicates that Sunshine Coast properties can expect a cumulative increase of 9% over the next 3 years. Median house prices are predicted to reach $650,000 by mid-2021. Now we know why Plaza Central Maroochydore has been popular among investors looking for an affordable property with ROI potential and it's nearly 50% SOLD.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote maccamax Quote  Post ReplyReply Direct Link To This Post Posted: 09 Nov 2019 at 3:01am
Petrie Uni due to open ..... Will do wonders for a huge area.
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