2144superman
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Thats fucked up bro, surely she'd use some fucking consideration.
Sydney House Prices - Seriously Though WTF
- Thread starter N4TE
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And if you sell your Sydney home and move out, you will never afford to come back to Sydney in the future.
Psycho Doggie
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I have a good friend who works in palliative care. He says most families divide into 2 categories. The first is where everyone is really nice, show a lot of love for their dying loved one. The second is where there are arguments and shouting going on between family members over the bed of this person who is about to die.
The main problem with this world is people.
The main problem with this world is people.
N4TE
DogsRhavnaParty
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Yes have friends (he is a carpenter, she is a nurse) had a bit of a life realisation and decided to move regional. Not happy at all there for various reasons and are stuck because they can’t afford to live where they want in Sydney and they either have to come with terms that they have to start again and live way out west of Sydney or just try and make regional work. Having said that with these lasted Covid regional prices they might have better options in Sydney but it’s all relative I guess as the prices have gone up in Sydney as well
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At least you are in the game if you have a property somewhere; and a bolt hole that is yours.
A lot of older folk sell up and move out, then find they have a nice view, but no lifestyle like they had in Sydney; family and friends are now remote, and access to the best medical centres and hospitals are hours away. That's why we are staying in Sydney. Even though it is not the ideal place, it compensates with its theatres, galleries, shopping centres, clubs, restaurants, cafes, cheap public transport for pensioners, and an airport that has regular flights to everywhere.
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Year's back watching a thing on forensic cleaners ect that go into people's houses who have been dead for weeks and decomposing on a bed.the dude was asked what's the worst thing about his job.
He went onto say that family members who haven't even bothered to call are now flocking around like vultures arguing over to get a mattress cleaned where old mate had been dead for weeks. He could handle the gore but not the family members who come out of the woodwork
dogwhisperer
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We're at a stage where even a couples income combined is not enough to buy property in Sydney. It's insane!
Property in Sydney is way way way overpriced. And another thing as well, even if you show you have extra income coming in from a rental property they reduce the rent by 30% in calculating your serviceability requirements to buy another home.
Property in Sydney is way way way overpriced. And another thing as well, even if you show you have extra income coming in from a rental property they reduce the rent by 30% in calculating your serviceability requirements to buy another home.
Philmus
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@blue & white blood interesting plan..?
El Padrino
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FOMOs ruined it
blue & white blood
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Good Plan, however there's a lot of things to take into consideration ie can you trust your tenants? my parents had their house rented out since they went to a nursing home 6yrs ago the tents have just moved out as the house has been put up for sale and they left behind a lot of damage & a lot of rubbish, you also have to worry if the tenants don't pay the rent for a couple of weeks maybe you can wait but the banks or financial institutions will not wait & you have to foot the payments, Also I just recently heard another case of this young couple in NSW buying an investment unit on the Gold Coast the tenants moved out and the unit was vacant for 2months with the managing agent telling the owners that he was unable to find suitable tenants, so finally the the owners decided to take a drive to the gold coast and inspect the unit only to find the unit was tenanted all that time and managing agent was pocketing the rent, So yes It's a good plan but like everything in life there is always a certain amount of risk, So you just got to way up your pros & cons, do your homework, be weary and go in with your eyes open.
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Family who started property investing while earning money serving snacks now own more than 50 homes
A family who own more than 50 properties, some bought by the children when they were teens, have revealed how clever tricks allowed them to build wealth with little money.
A Western Sydney family have played the housing market using a mix of clever banking tricks and market forces to acquire more than 50 properties between them.
Each of the members of the Linder family aged over 18 own property, with mum Kimberly and dad Jason owning 42 homes and their three eldest children buying at least 10 between them.
Their eldest daughter was reported to have owned seven properties by the time she turned 22, with their son and second eldest daughter making their first purchases as teenagers.
Ad
It’s an unlikely property empire considering the parents started investing with an unremarkable income 14 years ago.
The Linder family, including parents Kimberly and Jason, along with daughters (from left) Tess, 11, Giorgia, 26, with her 6-month-old son Tait and daughter Aliyah, 1, Chloe, 22, and Laney, 15. Picture: Jonathan Ng
Kimberly was working as a part-time aerobics instructor and also ran a shop serving snacks at a golf course, while Mr Linder worked as a landscaper.
The two had a combined income of about $100,000 a year at the time and – with three daughters, a son and another daughter on the way – were in a position Ms Linder described as “cash poor”.
“We have a beautiful, but very ordinary family, except we have all these properties,” Ms Linder said. “My kids think it’s ordinary to own heaps of property. They are not frightened of debt.
“Most people don’t realise what they can do in the housing market. They say they can’t get in, but it’s never been easier if you know what’s out there.”
Ms Linder said their success in the housing market – more than half of the total value of their portfolio is equity – was the result of some key principles and tactics.
Ad
Many of their early purchases were on the Central Coast.
Both parents started in the property market early, buying their first homes a few years before they met each other.
Ms Linder bought her first property in Penrith aged 19 while working as a model and got her friends to rent out the rooms. Their rent paid her mortgage costs.
She sold the house after the couple met and they used the proceeds from the sale to add value to Mr Linder’s first home, a property in the Kurrajong area in northwest Sydney.
A few years later, thanks to the improvements and price rises in the area, they had about $500,000 equity in the property, which they drew out through refinancing deals to use as deposits for their first property investments.
Using these funds, the couple bought seven investment properties between 2007 and 2009, mostly $200,000-$300,000 houses in the Penrith region and Central Coast. Some were fixed up with cheap cosmetic renovations.
Hope Island in Queensland has become one of their favourite places to invest.
They were able to continually secure loans for these properties because their rents eclipsed the mortgage repayments and it cost them little to keep their portfolio.
“In the beginning it was all about the cash flow, because we didn’t have much money to contribute, so we chased high yields. I treated it like a business.”
Ms Linder added that the couple were not aiming for quick capital growth but, as luck would have it, the value of the properties rose quickly.
“We had so much growth in our properties. We bought when rates were high. Everyone was scared (and) prices were low.”
By the time the couple were ready to start buying more properties in 2014, their original seven properties had increased considerably in value and they were ready to take out more equity for new buys.
“There’s a lot more you can do when you’ve got equity in multiple homes,” Ms Linder said.
She added that it was around this time they began to use more sophisticated financing structures because she had changed careers to become a mortgage broker and knew how to make their money work harder for them.
Ms Linder said the family were not frightened of debt. Picture: Jonathan Ng
After starting a property advisory company known as the Linder Group, their income was also higher and they could borrow more and dabble in quick development projects.
More than 30 of their properties were purchased in the last seven years, mostly on the Gold Coast and other parts of southeast Queensland, along with Newcastle and Geelong. Profits from some of their developments helped pay down the debts on their properties.
Ms Linder said some people may scoff at the idea of owning so many properties, but there was nothing holding them back from doing the same. “There’s no reason you can’t do what I did,” she said. “Opportunities are out there.”
A family who own more than 50 properties, some bought by the children when they were teens, have revealed how clever tricks allowed them to build wealth with little money.
A Western Sydney family have played the housing market using a mix of clever banking tricks and market forces to acquire more than 50 properties between them.
Each of the members of the Linder family aged over 18 own property, with mum Kimberly and dad Jason owning 42 homes and their three eldest children buying at least 10 between them.
Their eldest daughter was reported to have owned seven properties by the time she turned 22, with their son and second eldest daughter making their first purchases as teenagers.
Ad
It’s an unlikely property empire considering the parents started investing with an unremarkable income 14 years ago.
The Linder family, including parents Kimberly and Jason, along with daughters (from left) Tess, 11, Giorgia, 26, with her 6-month-old son Tait and daughter Aliyah, 1, Chloe, 22, and Laney, 15. Picture: Jonathan Ng
Kimberly was working as a part-time aerobics instructor and also ran a shop serving snacks at a golf course, while Mr Linder worked as a landscaper.
The two had a combined income of about $100,000 a year at the time and – with three daughters, a son and another daughter on the way – were in a position Ms Linder described as “cash poor”.
“We have a beautiful, but very ordinary family, except we have all these properties,” Ms Linder said. “My kids think it’s ordinary to own heaps of property. They are not frightened of debt.
“Most people don’t realise what they can do in the housing market. They say they can’t get in, but it’s never been easier if you know what’s out there.”
Ms Linder said their success in the housing market – more than half of the total value of their portfolio is equity – was the result of some key principles and tactics.
Ad
Many of their early purchases were on the Central Coast.
Both parents started in the property market early, buying their first homes a few years before they met each other.
Ms Linder bought her first property in Penrith aged 19 while working as a model and got her friends to rent out the rooms. Their rent paid her mortgage costs.
She sold the house after the couple met and they used the proceeds from the sale to add value to Mr Linder’s first home, a property in the Kurrajong area in northwest Sydney.
A few years later, thanks to the improvements and price rises in the area, they had about $500,000 equity in the property, which they drew out through refinancing deals to use as deposits for their first property investments.
Using these funds, the couple bought seven investment properties between 2007 and 2009, mostly $200,000-$300,000 houses in the Penrith region and Central Coast. Some were fixed up with cheap cosmetic renovations.
Hope Island in Queensland has become one of their favourite places to invest.
They were able to continually secure loans for these properties because their rents eclipsed the mortgage repayments and it cost them little to keep their portfolio.
“In the beginning it was all about the cash flow, because we didn’t have much money to contribute, so we chased high yields. I treated it like a business.”
Ms Linder added that the couple were not aiming for quick capital growth but, as luck would have it, the value of the properties rose quickly.
“We had so much growth in our properties. We bought when rates were high. Everyone was scared (and) prices were low.”
By the time the couple were ready to start buying more properties in 2014, their original seven properties had increased considerably in value and they were ready to take out more equity for new buys.
“There’s a lot more you can do when you’ve got equity in multiple homes,” Ms Linder said.
She added that it was around this time they began to use more sophisticated financing structures because she had changed careers to become a mortgage broker and knew how to make their money work harder for them.
Ms Linder said the family were not frightened of debt. Picture: Jonathan Ng
After starting a property advisory company known as the Linder Group, their income was also higher and they could borrow more and dabble in quick development projects.
More than 30 of their properties were purchased in the last seven years, mostly on the Gold Coast and other parts of southeast Queensland, along with Newcastle and Geelong. Profits from some of their developments helped pay down the debts on their properties.
Ms Linder said some people may scoff at the idea of owning so many properties, but there was nothing holding them back from doing the same. “There’s no reason you can’t do what I did,” she said. “Opportunities are out there.”
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I love people like this.... playing monopoly in real life. Good on them!
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Buyers in Sydney's west pay ‘crazy’ $580K above reserve for knock down - realestate.com.au
A crowd of more than 100 people, including 19 bidders, descended on the auction for a house in Western Sydney and it sold for a price the agent said was “crazy”.
www.realestate.com.au
B-Train
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$2.4 million for a run down house at Ermington.. People are out of their minds.Buyers in Sydney's west pay ‘crazy’ $580K above reserve for knock down - realestate.com.au
A crowd of more than 100 people, including 19 bidders, descended on the auction for a house in Western Sydney and it sold for a price the agent said was “crazy”.www.realestate.com.au
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Yep, and it's not even for a units or even townhouses, it's for a duplex.
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Bizarre detail in tiny Sydney apartment
If there ever was a sign that Sydney was one of the most unaffordable cities to buy in then this inner city apartment may be it.
www.news.com.au
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So it's ok to pee in the shower in this hen house?
Bizarre detail in tiny Sydney apartment
If there ever was a sign that Sydney was one of the most unaffordable cities to buy in then this inner city apartment may be it.
dekepefc
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Brisbane Broncos recruit Ryan James reveals game plan for tackling property market - realestate.com.au
The ex-Gold Coast Titans captain and new Broncos recruit bought his first house aged 20 and has since built an impressive portfolio with the aim of living mortgage free after retiring from footy.
www.realestate.com.au
Guys and gals.. take the advice from real estate.com.au on how to be mortgage free by 30... just need a 500k a year titans contract and bobs your uncle
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The other choice is to move to a more affordable city, like Adelaide.
I have a good friend in Hobart, where home prices have risen out of reach for people there because their average wage is 15-20% lower than the mainland; but still affordable for someone from Sydney. He says there is a chance that the housing bubble might burst there sometime soon. Tassie is a nice place if you don't mind the cold weather, and limited job opportunities.
An interest rate rise will be the litmus test around the country.