Ha ha, bloody ha...

Check this out.....very creative advertising...so fresh!!!

(Editor's Note: The agent has taken down the "Back to the Future" theme...bugger!)

The CHEAPEST 3 bedroom houses in Australia!!!

Wanting to roll up your sleeves and get dirty? Feel like that green (brown) change people are talking about??? Check out these special places at very special prices...

Queenstown, Tasmania

Here we have a special little piece of crap, selling for just $66,000!!! 3 bedrooms, looks livable and is located in a town with all the conveniences. Only problem, that town happens to be Queenstown on the west coast of Tassie. If you like miserable weather, this is the bargain for you.... 

Augathella, Queensland

This superb green specimen comes to you from Augathella in outback Queensland. Once again, all the conveniences of a town, with a lovely green little 3 bedroom residence. Bonus: Partly furnished!!!! Could this be the best value house in Australia??? How much??? $60,000.

Jeparit, Victoria

This little beauty represents insane value!!! At just $49,000 it's probably white ant ridden, but who cares if it's rented for $120/week!!!! COME ON (Hewitt style)!!! Wow, it's so cheap I may buy it myself yet...beat me to it!!!

Broken Hill, NSW

This Broken Hill bargain is a steal at $60,000. Yes it is a little bit broken (pardon the pun), but looks livable and is in one of Australia's most famous towns....well, I've heard of it anyway. 

Terowie, South Australia

This has got to be the biggest dump on this page, but seriously, listing price is only $49,000! AND it's a "solid stone home" as it's quoted. I would say with about 3 weeks of solid work, this could become livable. And, I think the location is actually quite good, check it out.

Norseman, Western Australia

This little gem comes with a warning to bring your tool belt, and at these prices you can afford to buy a fancy one with pockets and everything.  The wallet will take a beating at $65,000...BUT, large lot size, rear access and a PATIO all come with this package!!!!

Are people still sitting on their hands?

I was browsing re.com.au today (as you do), and found that in one particular suburb in Brisvegas there seems to be A LOT of activity at the bottom of the market. Almost all new listings are gone before you can read the dictionary, but I ask myself, what is this indicating? Does it mean the market has started to move again? Doe sit mean that first home buyers in Brisbane are snapping up outer ring cheapies, or does it mean that investors are finally returning? 

See, this is the real dilemma in real estate at the moment. WHAT is happening to the market? The sheer uncertainty in the forums, the lack of sales in many parts of the country, yet lots of activity elsewhere is in fact indicating that we are at the bottom of the current cycle. This inconclusive, incoherent and inconsistent market indicates at least, that people are thinking about RE, which is good news for property owners. 

In other news, IP6 has not gone through just yet. It's time for Round 2, time for the mind games to really begin with the RE agent...watch out!!!! I'm going to milk ya....well, try anyway...:P

IP 6???

Ello ello....

Checking out a house today. Typical style for the area, at the right price (hopefully a little negotiable, which, in the current market, they should be) and it may become our PPOR (permanent place of residence). I really shouldn't get my hopes up, but we'll see....

I, like many investors, have been tossing up whether to buy more. In the end I did my numbers and it will work, especially easily if rates stay low. I think ultimately, all purchases have to be about the numbers. 

Will keep you posted...

Effective For Sale signs

SNAP.....!!!

And there is more interesting photos here...

Property Forum!!!

Hello everyone,

Just a quick note to let you know I have started a property forum. I think it has potential to become an excellent resource for us all, so please, say hello, add a comment, have your say. Who knows, you may even be able to help someone with a suggestion or two, or get an answer to a question you may have...

http://propertyforum.proboards.com/

See you there!!!

A light bulb moment....

Property investing in the good times (for example from 2000 - early 2008) is easy. There seems no end to the ever ongoing growth in values and it's easy to be bullish and spend up big. I have however just realised that although these were the good times, it is more important to remember that interest rates were quite stable. Rates were around 7% for quite some time and this made calculating your cash flow easy. As interest rates have now dropped, investors have to look to the future....what will happen if rates go up again? 

Well, honestly, the shit may hit the fan and the following selling frenzy will end in all property investors living in cardboard boxes. Seriously, the low interest rates have me worried. I "COULD" buy about three or four more IPs right now...I could leverage up just because they would be soooo easy to manage cash flow wise. But what will happen if we get a sudden 2% increase in rates? 

This thought has been troubling me for a few months and it is why I am sitting on my hands. However last night I realised that this isn't quite the case. So here are some of the reasons why I will buy again soon:

1. Rates will stay low for a while yet, let's say quite safely that they will not hit 7% for two years. 

2. Wage increases SHOULD occur (well, for me anyway). 

3. The world finances will go back to business as usual soon.

4.  Escape plan? I can always sell...

So considering these four points above, I will buy IP No.6 - probably in Toowoomba again, but there are bargains popping up everywhere at the moment. 

Good luck IP Jedi...