karasco-the property bubble has nothing to do with chinese investors.i myself have been a landlord in the past with over 20 houses i managed myself in inner city brisbane and surrounding fringe suburbs.i was paying at worst 18% and at best 6% PA interest.the funny part was that i was still geared neutral,as the price of property was realistic.
at the moment ,if you buy in to a house now,after all outgoings including land tax,you are running at a big loss,dependent of course whether you are on the highest tax bracket to negative gear,which helps a little bit.
the problem is that councils are now approving smaller lot housing and relaxed zoning laws so more and more apartments(high rise), are turning the 10 klm radius from city center into over crowded ghettos.
add to that,there is no solution to the infrastructure and transport chaos problems,so it will only get worse.
ps-i"m glad i made have already made my money from real estate.
cheers crazypunter
karasco-the property bubble has nothing to do with chinese...
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Change
0.365(1.35%) |
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| Open | High | Low | Value | Volume |
| $27.64 | $27.67 | $27.15 | $35.64M | 1.299M |
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| No. | Vol. | Price($) |
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| Last trade - 11.56am 22/05/2024 (20 minute delay) ? |
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$27.47 |
Change
0.365 ( 2.03 %) |
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