What to Avoid in 2017

Your not done with Melbourne are you?

 

Noope........Melbourne continues to grow on me.....very soon it will be the city I hold the most stock!

 

Many in the forum do, myself included. Not all OTP is bad...

@euro73 strategy and business has been OTP NRAS and soon to be OTP duallocc.

@sash @melbournian @Sonamic @MTR @ashish1137 amongst others have all used H&L
OTP in various ways at various times with good success.

Call it luck, call it coincidence but most of these people are doing pretty well!

 

I don't mention OTP on PC very often because I don't think many understand you can actually make money using this strategy.

Basically buying from a developer, apartments. The trick is you must buy these at the start of a rising market and you have to get the timing right and settle prior to peak. Its not without risk of course, but I know investors who made some serious $ with this strategy, only need 10% deposit.

 

Good point... I wasn't active then, but must have been 15-20 years ago in Melb people were doing this with great success.

 

If you put the correct T&Cs .....you can put down 5%.....have 45 days settlement...and have AND/OR nominee...and to add a kicker...the last one I did I even negotiated a commission for the agent to sell block on if I could not settle.

 

Is there a website where I can get free historical 10 year capital growth stats for Perth?

 

"investors thrive on volatility, without volatility, there is no room to make money"

 

Don't worry, its on its way

 

Other key correlation to look at is the growth of asian and indian communities on the fringes and their savings rates in general. I wish I could this back this with a proof; but saving rate of 30-40% is common in an asian/indian household. The theory that the outer suburban developments would fall first like they did in Ireland - might not be applicable here.

 

A Sri Lankan friend at work commutes 2 hours to and from work on public transport to Cranbourne. She has her new house though, there's room for the parents, big Sri Lankan community around so she couldn't be happier living there. A new fancy house and room for family is a big thing for a lot of new immigrants.

 

What to avoid buying

• CBD apartments

• Off the plan

• In regional towns

• Properties in secondary locations and

• House in predominantly first home buyer locations

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The first 4 are straight forward, but why avoid the last one? Wouldn't the influx of first home buyers push property prices up, and give you more options when selling?

 

Please pardon my ignorance, but I am assuming this advice is not for first home buyers. Is my understanding correct?

 

I think I am going to avoid my hairdresser she has gone down hill big time..... Just found a new one.....sorry nothing to do with property, but sometimes there are more important things to think about than property... like a BAD HAIR DAY

 

maybe avoid buying an island? Whitsunday Island could be yours for $495K

 

You've gotta start somewhere!

 

Tiger Brennan Drive upgrade makes this a 20 -25 minute drive, The new Gateway shopping centre is 5minute drive (the biggest shopping centre in the NT) the new Palmerston Hospital is again 5mins up the road, INPEX, Darwin LNG are a 15 minute drive, Coolalinga Shopping centre is 5mins the opposite way down the Stuart highway.

I own an investment property in the older (4 years old) section of Zuccoli. We have 700sqm and most of the blocks in this area are 600 sqm plus. The area has some great options around and there are two new schools going in (Public/Private).

The thing with Darwin is, yes there is alot of land around, but the bulk of this is either owned under Aboriginal title or by the government so land release is slow.

 

Id buy every single thing you listed for the right price

 

low balling, good point if it stacks up.

But would you anyone buy in mining towns today at the right price/yields??? with 50% drops??

 

Yeah of course..don't you know.. yield is all the rage these days..