Ha ha ha....

One of my babies is for sale...

Well, here she is, ready for the market. At $285,000, I think someone will get an absolute bargain here for a very, very well positioned property. 3 bedroom, looks shpick and shpam inside and out and with the powered double garage out the back on a decent block, you can't go wrong. Toowoomba will always have a strong rental market.

Check out the location on Google Maps here.

Cheap Queensland towns....

Someone on my favourite Somersoft forum recently bought up this topic. Below are the top ten cheapest suburbs in QLD...the red is my opinion:

Charleville: $140,000 Far removed from a lot of places.

Tara: $151,000 Possibly the worst socio-economic town in QLD

Gayndah: $155,000 Meh...

Mount Morgan: $160,000 Meh now...

St George: $187,250 From what I hear....dump.

Rockhampton City: $195,000 I don't know why Rocky is so cheap.

Harlaxton: $215,000 ???

Oakey: $216,750 Undervalued, being so close to Toowoomba.

Home Hill: $219,500 Needs more infrastructure.

Stanthorpe: $225,000 I'm biased, but I like this town.

Are investors back?

a turbulent month folks we have had. Apart from me starting this post with Yoda speak, the Reserve Bank, or as I like to call it, GOD, has not only began lifting the reserve rate, but is warning of a volatile year ahead with as much as 5 consecutive rises in the next 6 months if you believe some of the media reports. This is not new news though. GOD has warned people not to be too greedy, to take it easy, but no, just like Adam, many people were not listening. I for one. So now I'm in a pickle of some sort, having to sell at least one property before the repayments get out of control and I'm left eating tripe, which, as I'm sure many of you know, is a bargain for only $7/kg from Woolies.

Saying this, I would surely love to keep all my properties, since all signs are pointing to a boom, or more realistically, a tiny spark compared to what we have enjoyed for soooo long. I mean people are getting all too excited over a 20% increase in three years, as has been reported for Sydney, and a 10-15% for most of Australia. But come on, 3 years? My first IP bought in 2004 went up approximately 80% in three years, and that was bought immediately after the all so sweet 2003 price sillyness. The market seems similar to back then, especially in Brisbane. A lot of houses on the market, at cheapish prices in the middle ring and quite a few bargains in the outer ring right now. It was similar in 2004, it's just that we were young and naive, thinking it was going to be really hard to pay back a $172,000 loan, instead of picking up a massive bargain int he mid 200s. We have learned now though, that the Brisbane "rings" behave in a very funny way. In my opinion, the inner ring does not start the price jumps anymore, since it's so over heated. No, the price rises now begin in the middle ring, the typical leafy suburbs of Indooroopilly and Corinda, and up towards the Grange, this are the real indicators, the real kings of property booms in Brisvegas. And right now, these are the type of suburbs that the first home owners have began devouring and, investors are starting to play here too.

Anyway, if you're interested in a property in Toowoomba or Launceston, send me an email.

Ciao

A bargain - Toowoomba

This property is a bargain. At first, I didn't think much of it, but on second inspection this property is a good buy in my opinion. 4 bedroom means it will always be rented, it has a patio thingy out the back, is a bit of a blank canvas in the backyard and Harristown is an OK part of Toowoomba. Come to think of it, I often wonder why this awesome largeish regional centre is not worth more. I think it's due for a price correction....

Cheap Land close to Hobart!

This 10 acre block is a bargain for $70,000 (listed price) and no doubt you may be able to knock off a few more thousand since it's been on the market for a little while. It's only a 30-40 minute drive from the CBD (depending on your driving style and aggression on the trip) and New Norfolk is a beautiful small town growing into a "satellite" town of Hobart. There's a Woolworths there already and that lovely small town feel....check out the view you would wake up to every morning.

Bugger...it has begun!!!! October, 2009. The month the rates began making a smiley face.

The talk about interest rate rises is no longer idle chit chat, as, I'm sure all of you are aware, a 25 point rise has finally occurred. AND it appears we are going to very quickly head back towards the heady days of the average mortgage being in the 7-8% range.

Now is the time to watch the market. What will happen, especially after the next rise? I predict that all of a sudden the market will be flooded with "investor offloads", followed closely (in about a year) with the "ops, I'm in too deep" first home buyers exodus.

So lets stay tuned. Lets once again tune our ears to the hype that will be created by the media, by real estate agents, by society. I can hear them now...."ha ha, told you house prices drop." Luckily, they will be from renters. Unluckily, they are going to find an increase in their weekly rent. :)

I love real estate agents with a sense of humor...

This wonderful ad recently hit re.com...I love it!!! Original, funny and best of all, probably true!!!

Hmm, come to think of it, here are a few more they could use, surely it will result in a sale:

"Motivated vendor is going bankrupt!!!"

"I've deliberately inflated the price, so you can put in a realistic offer!"

"Make sure you put a building inspection clause on this one!"

"Contract fell through after buyer realised this house is a pile of shit!"

You try....it's easy!!! :P