NSW Newcastle for $500k - the good & the bad?!

Yes but that costs money and investors have no money because they are financed to the hilt right?

 

I would aim for Lambton. A good central suburb.

 

Is there anything particular about Lambton? We've seen some good opportunities in Mayfield and Hamilton.

 

I would look at new lambton it's got a good primary school.

 

Yes, and also good if in the Belair school zone.

Good family suburb.

Yes

Probably considered by the locals to be "too far away".

Hot property!

Yes but not near the Uni side.

Yes, good CG suburbs.

You have been misinformed. These suburbs are great for CG.

 

Has a rep for being a desired suburb for family, nice parks etc. I lived there for 3 years.

Mayfield good but beware of low areas for flooding. Hamilton also great, go for it if you find a decent size lot within budget.

 

I am going to grab some popcorn and a coke and sit and watch anybody buying in Sydney or Newcastle now not make any capital gains for a decade. I love it how people actually think that low interest rates equals affordability, when the only things that relate to affordability is your family income minus your expenses. Incomes are decreasing, house prices and rents are increasing, life expenses are increasing and yet everybody talks about house affordability being better because interest rates are low. I will be munching on my popcorn when the 30 year olds get to their fifties and realise their mortgages are not paid off and they have inadequate superannuation.

Australia must be the only country in the world where the inhabitants collectively suffer from mass greed induced blindness that causes them to not see reality around them.

They pay the highest taxes in the world but get nothing in return. They have to fork out for private medical health insurance and still they have to pay the highest out of pocket expenses despite the levy and insurance, childcare and schooling costs that are the highest in the world, food and clothing costs that are the highest in the world. They have crappy roads, the police doesn't care when they get a house broken into and their politicians are 6th rate opportunists that make their money by opportunities given to them by lobbyists.
It's a paradise for the useless dole Bludgers who realise that the more you strive in Australia to get ahead, the less you actually do because your costs go up.

 

I was happy to read your posts, even though I didn't agree with some of the content, because I figured that maybe you have some experience that I can learn from and utilize. But now you are just spouting vitriol that is factually incorrect.

We do not pay the highest taxes in the world. We do not pay the highest out of pocket for medical expense (I believe the USA owns that). Childcare and schooling are not the highest in the world. Food and clothing are not the highest in the world, etc, etc, etc.

The doom and gloom posts are getting a bit old - I would really like to hear about your own personal journey though, and any other constructive info you have. You say you have been successful, and I'd really like to learn from that.

Cheers,
Inertia

 

Amen to that.

 

You lost all your credibility right there.

 

Drinks coke......Im out

 

Sorry people but you must really be living in a bubble of delusion of such strength that it cannot be penetrated by the pin prick of understanding.

But go ahead and try be a young employed couple qualified with degrees in Sydney or even other main cities with no parents trying to raise two kids in childcare and renting and paying off cars. Then see how the sun shines.

 

Anyway what you will discover is that capital gains are going to be rare over the next years unless you can sell to a Chinese buyer.

 

If Newcastle is looking so grim, why are you attending open homes and auctions? surely you have better things to do then go to open houses on a saturday? @Ald

 

Oh my god starting all over again

 

The problem here is the understanding of what egalitarian means.

The true meaning of egalitarianism is what every Australian should study.

In Australia people belong in various classes based on their wealth, not on their upbringing or knowledge or intelligence. In a normal society of justice, something not existent in Australia, a person would be judged on how much effort they put into themeselves to evolve into a higher being. In other words, how educated they are, how mannered they are, how caring they are, how ordered are they and how hard working they are. So basically people would be classed as evolved beings and non evolved beings, primitives.

Therefore you are lower class if you are a new migrant and a renter in the worst suburb because you can't afford anything else, even if you had a Phd in nuclear physics and a second degree in economics and won a prestigious award for poetry in your country, can discuss all things and have impeccable manners, a family person that doesn't smoke and drink loves and looks after their family, cleans the house immaculately but are working for a govt salary and can't afford a house, can't afford childcare, can't afford private schools and drives and old car, you are still lower class, because you live in Windale NSW and are renting there, you are lower class scum.

If for instance however you are a pretty ordinary doctor, but far less educated then our nuclear physicist, but your parents left you an inheritance and you live in Merewether and you own two investment properties and your kids go to a top private school, you are higher class. It doesn't matter that you sleep with junior doctors and nurses or deny them promotions until they do, that your kids are addicted to porn and TVs games, that apart from occasional footy games and a Sunday surf you have no time for kids and your wife is a bar beach and Merewether coffee circuit snob, both of you always friendly and smiling but otherwise nothing much of a person present. You are still higher class.

Or you have a completely uneducated surfer and local at the bar. The ultimate Bludgers. He occasionally does some plumbing for his mate but usually is flipping properties that he renovates for three months before going surfing in Bali for a few months, His parents left a property and so did the gran, and Aunt. They live in Hamilton South and have two other houses as rentals there. The aim in life is to get another tattoo on your chest and go out with that blonde at the pub who is with that other mate but is checking you out. Every second work begins with an f. They are filthy rich and you are highest class, more money then the doctor even.

If you own your own property in Kotara or are nearly finished paying it off and you mow your lawn and go to work as a engineer for instance, but have no savings, intelligent or not you are middle class. If you are renting you are middle class scum.

So basically your social status is based on your wealth primarily.

But here comes the Australian understanding of egalitarianism. Basically the nuclear physicist, the doctor, the surfer and the Kotara engineer, when they meet and have a chat at the local soccer club for instance, they all pretend they are equal. In other words the doctor pretends he is like the Kotara Middle class engineer, the nuclear physicist and national poet pretends he is like the Kotara engineer and the surfer pretends he is the Kotara engineer, and at a work each of them is treated like the kotara engineer and everyone treats everyone else like the Kotara engineer.

Why? Because if the poet began speaking, tall poppy syndrome comes in. None of the others likes anybody who worked harder to achieve something other than perhaps money. If the doctor mentions he is a specialist the others would cut him down. tall Poppy mowing.
You are judged favourably only if you are able to speak in politically correct manner, be smiling and friendly and not show any of your talents in your conversation deliberately. You must choose your words and conversation to be at the level of an average middle class Australian and don't go deep into any subject. It is not okay once you use a difficult word so that somebody else might not understand it. That's you being to pretentious. Don't judge somebody because they have had six divorces and 12 affairs and are ex drug users. They are no worse than somebody who never did any of that stuff but just got on with it.

You see in Australia we don't have Robin Hood type egalitarianism.
Robin Hood egalitarianism is where the middle class as the defenders of society all go after the super rich and then they distribute the riches to the poor who are destitute. Nope that's not what we have in Australia.

In Australia we don't have the middle class, upper class and lower class all agreeing that we should have equal opportunity for all and jointly agreeing there should be free education up to university level for everybody, free medical aid for everybody, and healthy food and fruit and vegetable soup kitchens and shelters for the destitute, and a common understanding that mothers with children require help and families need homes and stability and that everybody should have a job. They all fight for a 7 hour work day and long family holidays and reasonable house prices and low interest fixed loans. They all pay high taxes for that to be in place and they fight to make sure it happens. No that's not what we have in Australia because that would be true egalitarianism.

What we have in Australia is the primitive super rich and also the primitive mass of lower class both agreeing that the middle class must pay all their wealth to the primitive lower class and to running the country, and the primitive politicians who enforce this prison policy are to be tolerated as egomaniacs as long as they do their job of taxing the middle class and providing the jobs for the middle class so that they can get to work paying for the primitive low, middle or high class lifestyle of bludging and not working, This is the official liberal and labour policy with very little difference between them and it just flips from one to the other, mindlessly carrying on in three year election terms so that no real change can happen. The politicians confuse the entire population with institutions like Medicare and centrelink and mind numbing convoluted bureacracy and filled with words and concepts like family tax benefit a and b. Means tested this and means tested that, gap cover, taxes for this taxes for that, endless bull dust. They tell the population about work choices and privacy acts and sell it to them as gold when it's just rights taken away from them. They make themselves look great with rebates for this, subsidies for that when its all just bull dust that hides their real intentions. Grants for A but not for B. In all of this rubbish, basically those Australians who own their own home and earn very little money live and thrive at the expenses of others sucking the wealth of the middle class and doing nothing productive.

It's time for a change. It can't go on like this or else it will collapse under its own weight.

 

Because Tom I am not a real estate agent who having done nothing hard in his life ends up with a million dollar property portfolio just from the opportunity of being an agent at age 24. I work for my money and earn it after years of hard study in obscure subjects that actually produce some real things in the world. I don't make my money from being a parasite. I look for properties for a whole lot of value in them in a market that is the leftovers after the agents have been through it and snapped up all the morsels of value they saw. I try to understand the propulsion of stupidity and greed to sense when it's nearing its peak so that I know when to make my next money.

 

I think there is tons of money to be made in investing in real estate. But having been burnt and learnt from my mistakes I realised there is a better way to do it, but it's harder and requires more work. It requires knowing every house in a given suburb basically and being at every auction every home open and studying the people who go there.

Nope you don't automatically become a 24 year old with 1 million in equity. It takes a lot of skills and opportunity that comes with the position. Real estate agents get the call to come appraise a house for sale and get a heads up before thousands of people see it on the web. Now there are hard skills and easy skills in life. Buying a house before the market hears about it and controlling the market so that the competition is diminished in your favour are great skills to have.

It's easy to buy a house when a old lady with the perfect block and house wants to sell her house ASAP and you value it 100k below what market would get and then sell it to your mate or by getting the lady to sign a disclosure of interest document sell it to you who automatically has equity with the bank by buying it.

Tell me Simon do you really think that organising a photographer, staging some furniture and putting up a property for sale on a website and then talking to clients wearing a nice suit for 20 minutes during the home open is work that somebody should get $25000 for?