This article talks crap

Yep...

This = Load of Crap

I have written already about this exact scenario before, AND here we are again. On the plus side, we see journalists pushing up property prices nicely.

Sensationalism at it's absolute worst.

Ownership pushed to the suburbs?

I often fail to see past the obvious notion that our nation's journalists are a bunch of idiotic, moronic, 'non-life experienced' idiots. I mean for instance, read this article. 

While the statistics about how far people travel for work are indeed very interesting, the wording is just all wrong:

"Young people are most at risk as housing affordability worsens and first-home buyers are increasingly pushed to outer suburbs."

Does this writer suggest first home buyers should be buying the premium properties in the exclusive suburbs AS THEIR FIRST HOME? Get a grip please, a grip on the reality that the typical first home owner SHOULD NEVER buy ANYWHERE NEAR the CBD. No wonder we have our 20 and 30-somethings complaining about 'affordability'. 

In Brisbane, where should a typical first home owner, in 2011, buy their home? It isn't going to be any of the 'leafy' burbs, not the Indooroopily corridor, definitely not the CBD, not St Lucia, not Kangaroo Point, none of these places are for FHOBs. 

Young people need to get a grip on reality and realise that home ownership is rarely about living where you want to, but rather a compromise between four main factors: distance to work, the suburb 'age', the size of the property and the entry cost. 

1. Distance to work: As in the article, the closer the better, but this needs to be balance with other factors. 

2. Some suburbs, like those popping up near Ipswich at present, are new suburbs with new homes. These come at a premium. Some more established suburbs, say, Oxley, have generally older homes, but are a tad closer to the city. 

3. The size of the property is always a factor, and as the typical back yard becomes smaller and smaller (read 250 square), a premium is paid for the 'larger' lots.

4. Entry cost is probably the most important factor for FHOBs. The market dictates the overall value of a property, considering ALL factors related to the 'livability' of a property, and this is continually forgotten by many many people. Entry cost dictates basically where you will live, but FHOBs can not enter the market with a $700,000 inner ring home. The article talks about stress etc., imagine what it would be like when you need to make the repayments on something like that, AS YOUR FIRST HOME. 

Ciao.

Real Estate, Hot Chick, Crap Music...

Selling property is akin to selling chicken. Just dress it up, make it tasty and BAM, it will be sold (KFC has been doing it for years and I believe, so has Ray White).

SO it comes as no surprise that a new apartment block in Melbourne, very originally called "Melburnian", has created a short video to sell these nice new units. Here is the video:

Nice place, hot chick, absolutely atrocious, rip out my eardrums, crappy background music.

But yeah, nice chick....

Something interesting for us all...

If you're like me, you like KFC. But if you're also like me, you will also like numbers. This may be handy for some of you:

Except for that one Sydney suburb for units, this shows how difficult it is to acquire positive geared IPs in inner rings of the major three...

For all of the capitals, click here.

Just a reminder...

For those of you who have not seen my website, www.ozmadeshop.com.au is "packed full of information" about property investing. In reality, it's just a crappy new site that you may find useful. Let's call it a "mini portal". The one part that I did want everyone to know about it the "properties to consider" section, where i have personally picked a few properties which I believe, yes, I, just an everyday joe, that may be suitable for investing. I personally would buy these, but my current LVR does not let me. Real estate such as the ones on this page are what people often refer to as "bread and butter", typical easy maintenance or easy reno and are sitting within the market, not outrageously cheap, not too expensive.

Have fun everyone....let's ride the waves together....

The most expensive single piece of real estate in Queensland!

Well, I'd live there if someone forced me, but only if I had my own KFC built in first. Admittedly, it's a beautiful property and a fairly good location AND it looks like I'd have space to put my collection of shot glasses.

At 15 million, I bet you could haggle a bit, you know, a mill or two, in the current climate. :)