I spoke to a 21 year old guy today.
He became a property investor at 21 by:
1. Waking up at 5 am
2. Cold showers
3. Meditating
4. Intermittent fasting
5. Use Bank of Mom & Dad.
#motivation
#Sydney
#property
$365,000 gain in 1.5 years by doing nothing, just buy and hold. Try to earn a similar amount by day job. Sydney Realestate is the best asset class backed by the Australian Government.
Lately not hearing following
(1) RBA policy pivot is coming
(2) rate cut by june 2023
(3) it is supplychain related inflation
(4) it is transitory
(5) Immigration will save realestate
(6) realestate is too big to fail
(7) inflation in Australia is not as bad as USA
Sick and tired of Aussies whinging about wage growth on twitter. Just invest in bluechip Eastern suburbs realestate, drink soy milk latte and make million in one year...
Agent from the the Hills area rang me, wanted to check if i am bidding at auction on Saturday. I asked why bother doing auction? Oh we believe that demand is still strong blah blah blah. Now i have to attend this auction to see the demand...will post the outcome on Saturday...
Attended 6 open home today. A grade properties had 5 groups, B grade had 2 groups. Agent was asking for offers prior to the auction. Tide is turning. More supply is coming.
Mortgage stress discussion on social media is heating up...
"Can someone please explain to me how i even got approved for my loans"
@DFA_Analyst
you warned many times.
@AvidCommentator
@solo_dio_
Australian Mutual Bank, Pepper Money and RACQ Bank are now offering 40-year mortgages. U Bank offering 35-year mortgage. Realestate to the moon. Aussie growth story...
@_mumbling_me
Buy for $ 465,000, Hold 7 years and expect $70,000 less...but my property coach on YouTube told me that property double in value every 7 years???
@_mumbling_me
@Itsme59261985
$ 3.4m to $ 2.95m within 2 years.
Passed in at auction on 22 July.
Under instructions from mortgagee
$180k stamp duty paid by the current buyers. $700,000+ loss under 2 years.
8-10 years to save for 20% deposit, use mom-dad's savings/equity, on top of that use your superannuation balance just to get roof over your head. Love the Aussie dream.
Rent dropped $100/w. 2.5% gross rental yield. At 20% deposit and 6.5% interest only loan, weekly repayment will be $ 1,640/w vs $800/w rent.
@solo_dio_
Our out of touch PM wasted $364.6 million for the Voice referendum. Now, how much more will be wasted on the prosecution of X
@elonmusk
. Out of touch Government wasting public money. Labor will lose the next election...
Social media platforms should not enable the distribution of violent and distressing content.
This is reckless and dangerous.
The Albanese Government will not accept this standard.
We will keep Australians safe online.
Aussies fliping story. Bought for $1,220,000, kept for 14 months, sold for $ 1,035,000. $185k loss + $60k stampduty +$15k agent, 2k solicitor = $262,000 total loss.
@_mumbling_me
@solo_dio_
@TheKouk
It is not a moral question for vendor or individual. But it is a moral question for Government. Government want to sell their own country or not.
RBA signalling pause and may pause, punters already back at auctions, median value increase in March, FED hike rate, AUD drop, RBA behind the curve again, Core Inflation stay high, Great April Fool Event and rate hiking cycle start again in May 2023...
New Zealand house prices "about to tank"
Last week saw only 21% of homes taken to auction across New Zealand sell, with the rest being passed in.
Get ready coming to your Sydney suburb very soon...
Buffet - If you don't find a way to make money while you sleep, you will work until you die.
Sydneysiders - Thank you. I will buy an investment property in KELLYVILLE.
Only true blue Aussie RE investors will understand this investment strategy. Sold $ 2,375,000, Rent $690/w. 1.5% yield with 20% capital loss in 1st year...
@AvidCommentator
@solo_dio_
@_mumbling_me
Sydney down 13.9% between Feb 2022 to Feb 2023. Soon 2022 purchasers with 20% deposit will go in negative equity territory. Bottom is in ?
@_mumbling_me
48% auction clearance rate (12/25). Less bids, fewer bidders, some properties had 1 buyers and most had 2-3. Weak result this week. Domain CR will be 82%🤣
@AvidCommentator
@solo_dio_
3rd flop show.
Westmead
1st bid $2m, it was rejected,
Auctioneer wanted 1st bid around $2.3-$2.4m
15min later Auctioneer wanted 1st bid of $2.1m and no bids received.
Passed in, 100+ people at auction only issue was NO buyers.
Sydney Investor Under Pressure....
"OWNER HAS MADE THE TOUGH DECISION TO PUT THIS PROPERTY ON THE MARKET. THE DECISION HAS BEEN MADE AND WE NEED TO SELL!"
@justthink1
@solo_dio_
Signs the Real Estate Market has started going up ☝️
If you were waiting for the bottom - you may have just missed it
My clearance rate today: 6/9 SOLD
#realestatemarket
#propertymarket
#auctioneer