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#1291 | ||
FF.Com.Au Hardcore
Join Date: Sep 2014
Location: Catland
Posts: 3,624
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Was working all around Adelaide metro and SA country in the 2000s
Quite liked it. To the south you could be up in the hills and farms (great driving roads) within about 20mins from the CBD. Got stuck in traffic on the South Rd many times... Going north, worked all through it up past Elizabeth and into the Wine regions (Clare valley is pretty too). As far as I can see, there's a heap of defence work going on in SA. If going north Franco, take the Lebonator!
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I6 + AWD |
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#1292 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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I just read that something like 500,000 people emptied their superannuation accounts since the government let them. Wait til September hits and Jobkeeper winds up. It's the section of the market that's predominantly populated by renters. New housing approvals are their lowest in 7 years, give that a few more months and we're going to start seeing builders going belly up en masse. No amount of building stimulus is going to put a renter in a house if they have no job....
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#1293 | |||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,030
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Quote:
![]() It'll be staying registered in VIC though I think, rego is about $200 cheaper if it stays as a VIC car. I think next time I'm in SA I'm going to be doing a bit of driving around and scoping out some suburbs and regions. I like the hills as it reminds me of here but I'm not that fond of bushfires. Seems to be about the same price as Northern suburbs Adelaide even though it's regional - is there something special about it? Does SA get regional rego discounts like we do in VIC? Is there an advantage to living on the regional outskirts out of the Adelaide metropolitan area compared to living within? I already know the downside of living in Melbourne's rural fringe ![]() Last edited by Franco Cozzo; 05-07-2020 at 12:38 AM. |
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#1295 | ||
Cabover nut
Join Date: Aug 2015
Location: Onsite Eastcoast
Posts: 10,827
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Franco, got my Vicroads rego papers yesterday for the MH and its $10 cheaper than last year.
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heritagestonemason.com/Fordlouisvillerestoration In order that the labour of centuries past may not be in vain during the centuries to come...... D. Diderot 1752
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#1296 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,326
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Quote:
![]() I was going to build a new home this year, now I think its a mistake even with the 25k building grant. The sale of my existing home will take a massive hit when it comes time to sell. So the grant barely creates a dent in the loss.
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"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#1297 | ||
FF.Com.Au Hardcore
Join Date: Mar 2011
Location: VIC
Posts: 1,130
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Great Video. I like the comment someone wrote.
"First mistake, a home is not an investment, it is a basic necessity. Let’s hope this crisis scares people enough to learn this. I’m going to be controversial and say I have no pity for these people. Had we had no crisis these are the type of people that would gloat at barbecues at how property is working so well for them as an investment, meanwhile entire families are being locked out from owning their own home and paying rent. Sorry pal, you made a bet and lost, move on. Plenty more coming that’s for sure." |
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#1298 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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@Franco...Two Wells, Angle Vale, Virginia etc offer much bigger blocks compared to the Northern Suburbs that they are only a few minutes away from. Although they are in Adelaide's rural fringes they are on 'The Plains' and therefore much easier to defend against bushfire compared to 'The Hills' (Mt Lofty Ranges).
They aren't that much further up the road from Adelaide's outer suburbs, not much further in KM's nor time as you are travelling at open road speeds, and the Northern Connector has made those towns and outer northern suburbs much closer timewise than what they were last year. Last year my sister picked up a 5 bedroom 3 bathroom house built in 2008 on 1900+ square metre block within township of Angle Vale for $435k. 2 large living areas, separate meals area and dining room, double garage under main roof is 7.5m wide by 8.5m deep, large shed with 3-phase power, ensuite has spa and is bigger than the second bedroom in my house. Was advertised for $490k but they got price down a bit as it was not presented very well and needed bit of clean-up/tidy-up. At open listings the dining room had a pulled-down Harley in it, and it was filthy...needed paint throughout and carpets replaced, and yards were completely over-grown. Was only 11 years old and structually sound, just needed few $k on carpets, paint and landscaping. |
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#1299 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Think it was one of those opportunities where you can do well if they are selling due to one of the 3 D's...Deceased, Divorced or De-bank.
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#1300 | ||
AU3 ute EL futura
Join Date: Oct 2008
Location: Brisbane
Posts: 485
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This article is concise and readable but packs some interesting information into it. Note that property was cheaper in 1885 than 1900, and that chart is Australia not just Melbourne which was the center of that collapse.
https://www.domain.com.au/news/the-h...bF2cmLGQ2_u8Dg |
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#1301 | ||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 5,047
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Same. Rental yields before covid-19 were crap in Sydney at 3%. By the time land had registered and construction finished, we'd have been looking at Sept-Nov before we could have had a tenant in. No way we'd have been getting anything like 3% in all likelihood, and why wear such a crap return while the property isnt appreciating, and probably wont for minimum 1-2 years? I'd rather park my deposit in a term deposit for the next 1-2 years and look again once borders start reopening and the population starts growing again. The amount of empty properties in Sydney right now is pretty staggering.
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#1302 | |||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,030
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Quote:
https://www.realestate.com.au/proper...vale-132937582 2000m2, sheds and concrete as far as the eye can see ![]() Trucks, trailers and earth moving equipment in the back? Even prepared the neighbors for what living next to me would be like ![]() https://www.realestate.com.au/proper...ilda-132044142 Or this with the pirate ship and massive slides a short walk away ![]() Last edited by Franco Cozzo; 05-07-2020 at 06:28 PM. |
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#1303 | ||
Banned
Join Date: Jan 2012
Posts: 2,489
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Adelaide a great spot.
Easy to navigate, cheap accom at Glenelg in brilliant hotel. I liked it. Vics crap on about St Kilda and so on. Not even comparable and Tassie another step above. |
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#1304 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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A couple of guys calling it like it is.
One is a successful trader other is a statistical analyst. talk about property, shares, unemployment..... It doesn't sound good.... The full screen version is here https://www.youtube.com/watch?v=ysqGA3FZd_g |
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#1305 | |||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,561
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Quote:
Its the soul and essence of a solid family and we have f'd with it. Imagine if all those investors sunk their money into shares, business idea's etc..as a country we would be further advanced. But its ok, middle class people with no cash flow have 3 housing being negatively geared...
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#1306 | |||
Critical Thinker
Join Date: Jan 2005
Location: Adelaide
Posts: 20,326
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Quote:
__________________
"the greatest trick the devil pulled, is convincing the world he doesn't exist" 2022 Mazda CX5 GTSP Turbo 2018 Hyundai Santa Fe Highlander 1967 XR FALCON 500 Cars previously owned: 2021 Subaru Outback Sport 2018 Subaru XV-S 2012 Subaru Forester X 2007 Subaru Liberty GT 2001 AU2 75th Anniversary Futura 2001 Subaru GX wagon 1991 EB XR8 1977 XC Fairmont 1990 EA S Pak 1984 XE S Pak 1982 ZJ Fairlane 1983 XE Fairmont 1989 EA Falcon 1984 Datsun Bluebird Wagon 1975 Honda Civic |
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#1307 | |||
Regular Member
Join Date: Jan 2014
Posts: 372
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Quote:
The outcome will likely play out over the decade provided our world drops back onto it's axis ! |
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#1308 | ||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Some great news today, banks are extending the mortgage holiday for another 4 months....
It's a win, win, win, win (that's four wins for 4 banks) So...what was a 30 year mortgage has already become a 35 year... add another 4 months holiday and it becomes..... A FORTY year mortgage.... wow...just wow... |
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#1309 | ||
Banned
Join Date: Jan 2012
Posts: 2,489
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I sold up so now driving my Parent's mad.
Banks aren't being too bad Zilo. Sure some self interest (in both ways) but clients require support. I think individuals to companies (unlike certain sectors like Building secfor highly (stupidly imo) propped up) are feeling it. |
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#1310 | ||
Banned
Join Date: Jan 2012
Posts: 2,489
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I'm genuinely thinking of buying Land (in a battling spot....plenty going down) and then buy a Caravan to live on it.
Seriously as Land maybe 300, Caravan 50 to 70 - beach front property. |
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#1311 | ||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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You'll find a few threads on here about getting land and a caravan, with added bonus of tips on how to make friends and meet women when you can't drive far because your car might not make it.
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#1312 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,872
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What about Ravenswood? Cheap houses there, and far enough from your parents they can’t mess with you. There was one I looked hard at a couple of years ago, no bites at $60K - needed a lot of remedial work. But a house, on its own land, 20 minutes by pushie from Launceston CBD.
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#1313 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,561
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When we lived in Lonnie I am sure a Ravenswood was labelled the bronx.
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#1314 | |||
Banned
Join Date: Jan 2012
Posts: 2,489
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Quote:
Sadly no work up there for me to make it happen! |
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#1315 | ||||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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Quote:
I'm just not interested in bricks and mortar unless it is a home. I'm lucky that I have been able to buy my own. As far as I'm concerned I think any perk should only apply if it increases supply, not simply trading hands. With the perk should come risk also. That's just what I think. I don't judge those who simply play the game. I don't hate the player. Quote:
A bunch of people foreclosing ain't going to do them any good either. |
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#1316 | ||
Banned
Join Date: Jan 2012
Posts: 2,489
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#1317 | ||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,030
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#1318 | ||
FF.Com.Au Hardcore
Join Date: Apr 2005
Location: Canberra
Posts: 13,374
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#1319 | |||
FF.Com.Au Hardcore
Join Date: Mar 2019
Posts: 596
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Quote:
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#1320 | |||
Former BTIKD
![]() Join Date: Mar 2005
Location: Sunny Downtown Wagga Wagga. NSW.
Posts: 53,197
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Quote:
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Dying at your job is natures way of saying that you're in the wrong line of work.
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