Top five worst property investment ideas

Discussion in 'Investment Strategy' started by yuefu, 27th Aug, 2015.

Join Australia's most dynamic and respected property investment community
Tags:
Page 2 of 4
  1. Esh

    Esh Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    212
    Location:
    Sydney NSW

    I'll second that
     
    Esh, 27th Aug, 2015
    #21
    Sackie likes this.
  2. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    How about trees?
     
    Ace in the Hole, 27th Aug, 2015
    #22
    Taku Ekanayake likes this.
  3. legallyblonde

    legallyblonde Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    858
    Location:
    TAS
    My personal favourite is those people who buy negatively geared properties to reduce their taxable income with the aim of being able to claim family assistance (Family tax benefit ect), not realising that 'net losses' are added back onto your income by Centrelink. MWAHAHAHA
     
    legallyblonde, 27th Aug, 2015
    #23
    Tekoz likes this.
  4. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    919
    Location:
    SA
    Land banking isn't bad if done correctly.
    If you know certain land is going to be rezoned in the next 5-7 years and you find some thing cheap enough it can be a good strategy.
     
    Johnny Cashflow, 27th Aug, 2015
    #24
  5. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,227
    Location:
    Sydney or NSW or Australia
    Scott No Mates, 27th Aug, 2015
    #25
  6. Greyghost

    Greyghost Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,635
    Location:
    Brisbane
    Tasmania!
     
    Greyghost, 27th Aug, 2015
    #26
  7. Beelzebub

    Beelzebub Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    822
    Location:
    Lost
    I saw an article on this in one of the magazines. Interestingly a week earlier my in laws bought a shipping container. Not because they wanted an investment, but because they wanted to store their furniture for several months during a downsizing process. I think they paid about $2k to get it to their property and sold it six months later for $1700: a 15% loss. They did save heaps of money on storage though, so in that sense it might have been a good investment.
     
    Beelzebub, 27th Aug, 2015
    #27
  8. Ace in the Hole

    Ace in the Hole Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,874
    Location:
    Sydney
    Just gotta say, Cruise Ship Suites...
    Why is that even in this group, it's so niche and not related to real estate.
    Why not include houseboats?
     
    Ace in the Hole, 27th Aug, 2015
    #28
  9. Johnny Cashflow

    Johnny Cashflow Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    919
    Location:
    SA

    If you have the time to wait like I do it is worth it. Not if you are 60+

    But I agree with you nothing is a guarantee.
     
    Johnny Cashflow, 27th Aug, 2015
    #29
  10. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,227
    Location:
    Sydney or NSW or Australia
    Did I leave it off my list? I better include those brightly coloured change rooms/huts on Brighton Beach as well.
     
    Scott No Mates, 27th Aug, 2015
    #30
  11. wategos

    wategos Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    623
    Location:
    NSW
    There was a time 20-25 years ago when OTP was very lucrative since prices would leap after construction, kind of like an underpriced IPO. I recall hundreds of people lined up outside sales offices in Sydney to sell out places on the first day.How times change, maybe developers more greedy now.
     
    wategos, 28th Aug, 2015
    #31
  12. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    It depends where I suppose.
    There were probably plenty of people that got stung in that time in places like the Gold Coast.
     
    Azazel, 28th Aug, 2015
    #32
  13. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Tassie is beautiful.
     
    larrylarry, 28th Aug, 2015
    #33
    LibGS likes this.
  14. Natedog

    Natedog Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    373
    Location:
    Brisbane
    I hear tulips are a great investment
     
    Natedog, 28th Aug, 2015
    #34
    Beelzebub likes this.
  15. MrsNixba

    MrsNixba Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    108
    Location:
    Sydney
    Remember back in the day, people would buy two or three OTP, then upon completion sell off the extra ones to pay for the one they kept?
    These days, they'd be lucky to settle in two years time given APRA changes and they'd be selling them for a loss. Unfortunate for those that bought multiples thinking that previous trends would repeat themselves!
     
    MrsNixba, 28th Aug, 2015
    #35
  16. LibGS

    LibGS Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,027
    Location:
    Melbourne, Australia
    Sounds lucrative to/for me.
     
    LibGS, 28th Aug, 2015
    #36
  17. MrsNixba

    MrsNixba Well-Known Member

    Joined:
    2nd Aug, 2015
    Posts:
    108
    Location:
    Sydney
    Yep... just sit and wait, my friend...
     
    MrsNixba, 28th Aug, 2015
    #37
  18. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,091
    Location:
    Brisbane
    You would love the ACT then? ;)
     
    Azazel, 28th Aug, 2015
    #38
  19. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,227
    Location:
    Sydney or NSW or Australia
    Isn't this the modern person's purse/wallet?
     
    Scott No Mates, 28th Aug, 2015
    #39
  20. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    My friend has been trying to convince me ACT is the place to raise a family...still not convinced. LOL!
     
    larrylarry, 28th Aug, 2015
    #40
Page 2 of 4
Buy Property Interstate WITHOUT Buyers Agents!

Buy Property Interstate WITHOUT Dropping $15k On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia