Inner West Crew Whoretown (toowong/st Lucia/kenmore/indooroopilly And Sometimes Sunnybank?)

[Nismo_Boy]

yeah thats the only issue, I kinda hate maths as a whole, but am quite addicted to statistics! Strange huh?

or perhaps i should just become a private consultant like my original plan and just continue to play with my own stock.

Play with your own IMHO.

[Isola]

Still need to meet the monthly repayments. Pot noodles for the whole family!

A lot of people just seem to pay the minimum monthly these days... I dread to think how much they wind up paying in total

[Isola]

It would have to be the average single income

It'd have to be... otherwise as Andy was saying; more of us would be living there!

[Isola]

Play with your own IMHO.

that's what she said

[Bunta]

It'd have to be... otherwise as Andy was saying; more of us would be living there!

thats still really low!

[Isola]

thats still really low!

$120k per with a portfolio behind a couple would probably get a decent loan. Especially if daddy goes guarantor with his 7 figure account with the same bank.

[Isola]

$120k per with a portfolio behind a couple would probably get a decent loan. Especially if daddy goes guarantor with his 7 figure account with the same bank.

and don't forget... banks LOVE to give money out these days... They know most people will default and they'll get some fancy houses to sell off to the next lot of people they give a loan to

Edited June 3, 2010 by Isola

[Nismo_Boy]

ps Josh how is the housing market right now in your sector of the world? have had an eye on a place for a while and i want to know how hard i can screw them on price!

PM me the address and I’ll tell you when they bought it, which means we can work out when they got finance to establish how hard they’ve been hit.

We’re finding only those needing to sell are actually on the market at present – Unless they are pre boom buyers who are already making a profit and looking at moving on.

To give you an idea of how hard someone tried to screw me; I was offered $950,000 for a property I had listed for “offers over $1,300,000”.

Still a buyers market for Inner Brisbane, just need to work out/find out every sellers motive/hardship etc.

Case by case, be picky. Don't get what you want then just move on. It could change at any moment though. We cannot get enough At Deco apartments in New Farm and have been moving them for good money, however the 5 – 10 year old no character filled developments have been like pulling teeth to move.

[Nismo_Boy]

A lot of people just seem to pay the minimum monthly these days... I dread to think how much they wind up paying in total

No idea how they sleep to be honest.

[Bunta]

and don't forget... banks LOVE to give money out these days... They know most people will default and they'll get some fancy houses to sell off to the next lot of people they give a loan to

Not any more they dont! and to get somthing in Ascot you would be looking at like 600k as a bare minimum i imagine? Josh? Thats still gonne be a fair chunk of that money gone!

PM me the address and I’ll tell you when they bought it, which means we can work out when they got finance to establish how hard they’ve been hit.

We’re finding only those needing to sell are actually on the market at present – Unless they are pre boom buyers who are already making a profit and looking at moving on.

To give you an idea of how hard someone tried to screw me; I was offered $950,000 for a property I had listed for “offers over $1,300,000”.

Still a buyers market for Inner Brisbane, just need to work out/find out every sellers motive/hardship etc.

Case by case, be picky. Don't get what you want then just move on. It could change at any moment though. We cannot get enough At Deco apartments in New Farm and have been moving them for good money, however the 5 – 10 year old no character filled developments have been like pulling teeth to move.

Cool I can find out that info, back in a sec, ours is a roughly ten year old townhouse in yeronga, plenty around so i cant imagine they are in big demand!

[Nismo_Boy]

and don't forget... banks LOVE to give money out these days... They know most people will default and they'll get some fancy houses to sell off to the next lot of people they give a loan to

For the most part true. We’ve found they are asking for more deposit and proof of where it came from. EG: you can’t have magically got $25k over night and no longer do 80%, 95% and 110% loans

[Isola]

80%, 95% and 110% loans

I don't do much bank stuff... what does that mean?

[Bunta]

PM me the address and I’ll tell you when they bought it, which means we can work out when they got finance to establish how hard they’ve been hit.

bought in 06 for 370k asking 465k

ps they have the same last name as me...creepy

[Nismo_Boy]

Not any more they dont! and to get somthing in Ascot you would be looking at like 600k as a bare minimum i imagine? Josh? Thats still gonne be a fair chunk of that money gone!

Cool I can find out that info, back in a sec, ours is a roughly ten year old townhouse in yeronga, plenty around so i cant imagine they are in big demand!

You can get into 1970’s blocks, nothing too exciting for way less. There is a nasty little one bedroom apartment for under $300k, but it’s highly likely it’s cheap for a reason.

For something like what you live in, yes. People are also calling some parts of Hendra Ascot, which it clearly isn’t

[Nismo_Boy]

I don't do much bank stuff... what does that mean?

Banks would loan 80% of the property value, 90% and up 110% to cover stamp duty meaning you only had to pay bank admin fee's.

[Nismo_Boy]

bought in 06 for 370k asking 465k

ps they have the same last name as me...creepy

send me the link. I wont stalk them. 06 depending on where it would have been the end of the boom. Again, depending on where it is market hasn't changed that much.

Without knowing facts or anything about this place, $400,000 - $425,000

[Bunta]

You can get into 1970’s blocks, nothing too exciting for way less. There is a nasty little one bedroom apartment for under $300k, but it’s highly likely it’s cheap for a reason.

For something like what you live in, yes. People are also calling some parts of Hendra Ascot, which it clearly isn’t

yeah my sister sold her place that is like ours in Ascot about 7 years ago for 455k would hate to think what its worth now.

[Bunta]

send me the link. I wont stalk them. 06 depending on where it would have been the end of the boom. Again, depending on where it is market hasn't changed that much.

Without knowing facts or anything about this place, $400,000 - $425,000

thats the range im thinking, If I can get it for that price then roll my personal loan into it add my 70k deposit my repayments should be less than my rent plus loan are now! Good times. Will send you the link

[Beelzebub89]

above average income, below average IQ, f**k this society.

ha ha sorry Josh just cant resist

Ps im thinking about being a stock broker, I love stocks.

Plenty of idiots already in stocks. Surely you can't be any worse than them? It's all pretty much guessing when you get right down to it.

how the hell do you afford to live in Ascot on that sort of household income, we are close to double that and i doubt we could afford to live there!

Average for the entire area? Surely there are still more bums in Ascot or Bulimba as there are rich flamin mongrels

A lot of people just seem to pay the minimum monthly these days... I dread to think how much they wind up paying in total

A lot of people can only afford to pay the minimum these days. These are the retards that caused the stupid house price rises. Leveraged up to the eyeballs when interest rates are at record lows. No deposit no worries. 100% loans and away you go. Now that interest rates are going back up a lot of people are going to feel the pressure.

and don't forget... banks LOVE to give money out these days... They know most people will default and they'll get some fancy houses to sell off to the next lot of people they give a loan to

Yeah but people defaulting on loans is not what the banks want. It would be a disaster for the banks if too many people started defaulting since CBA and Westpac have something like 50% of their assets tied up in mortgages lol. If housing goes down the shitter the banks go with it.

[Bunta]

Yeah but people defaulting on loans is not what the banks want. It would be a disaster for the banks if too many people started defaulting since CBA and Westpac have something like 50% of their assets tied up in mortgages lol. If housing goes down the shitter the banks go with it.

ala the USA

Josh

http://www.realestate.com.au/property-town...ronga-106332832