Browse Forums Real Estate Re: Confused about right timing for buying house 5Sep 16, 2010 5:09 pm How the hell did I become a senior member!? I know nothing! Re: Confused about right timing for buying house 6Sep 18, 2010 7:15 am Mozzie I'm no expert on the subject but I see it a little differently. At the moment rental received vs interest paid is at the lowest its ever been. Around 10-15 years ago they were almost on parr but now rental returns are appauling - especially on houses. Negative gearing might save you tax but only works on the basis of a negative return and a loss is a loss. The property investment market relies on only one thing and thats the property increasing in value. Without that it would be a terrible investment - one that makes a loss. In the short term interest rates are increasing and most people are predicting a period of sustained value or at worst a bubble burst. So based on that there is no reason to hurry into buying an investment property - you could be waiting a long time to see any returns. They say property is a long term investment but why buy an investment property in a stagnent market with negative returns. If it were me I'd take the wait and see approach. You're not looking hard enough. That may be true of the average property but I don't buy the average property and neither should any investor. What market is stagnant? That's generalist talk. I made over $100K equity gain last year in that "stagnant" market. Buy one that CAN be positive or neutral for day one. I'm not talking out in the sticks either. I'm buying properties in Sydney that are neutral. Just bought one that is now positive after reno. Why wait for a "maybe" good deal when they are there now. Look at houses individually. Do your DD on the area and buy. I meet people that have been waiting 10 years for the "right" time. There's no right time only right deals. If this is a custom build then I would expect the builder to set out the door frame closer to the wall to avoid the gap between architrave and the wall and or specify… 9 8306 I'm putting a new floor in my kitchen, slate flagging on a standard concrete slab. I have allowed for a bed thickness of up to 20mm to accommodate the different… 0 17539 They using concrete or timber sleepers? Timber or steel uprights? Any drainage behind sleeper? 3 5878 |