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  1. #91
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    Default Negative Gearing - Politics talk

    Quote Originally Posted by BigRedV View Post
    We were so lucky to buy our first house when we did in 2007 and then upgraded to this house in 2009. House prices here have gone nuts. There is no way we could afford to buy here now. We bought a 3 bedroom house here in 2009 and did a reno and now have 5 bedrooms.

    This is my suburb.

    Attachment 78683
    Wow. That's quite a low return on investment. My house in Brisbane is worth $1.1 but I get $1100 per week rent (an accidental rental as I moved cities and haven't sold up yet).

  2. #92
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    Quote Originally Posted by babyno1onboard View Post
    Wow. That's quite a low return on investment. My house in Brisbane is worth $1.1 but I get $1100 per week rent (an accidental rental as I moved cities and haven't sold up yet).
    I don't know the stats on how many properties are investments. I assume most would be owner occupy

  3. #93
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    Default Negative Gearing - Politics talk

    Quote Originally Posted by babyno1onboard View Post
    Wow. That's quite a low return on investment. My house in Brisbane is worth $1.1 but I get $1100 per week rent (an accidental rental as I moved cities and haven't sold up yet).
    Just want to add that my suburb isn't exclusive by any means. I think it's great as we are close to city and beach but this price just demonstrates the craziness of house prices here.

  4. #94
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    Quote Originally Posted by BigRedV View Post
    I don't know the stats on how many properties are investments. I assume most would be owner occupy
    6.5% investors in your postcode which is similar to ours

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    Default Negative Gearing - Politics talk

    Quote Originally Posted by Elijahs Mum View Post
    6.5% investors in your postcode which is similar to ours
    Is that average compared to other areas?

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    In South Sydney yes - in suburbs with higher amounts of units like Hurstville or Sutherland is almost double at 15%

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    Quote Originally Posted by Elijahs Mum View Post
    In South Sydney yes - in suburbs with higher amounts of units like Hurstville or Sutherland is almost double at 15%
    What's the market like for subdivision and renovation in Sydney? I'm getting the vibe on here it's not worth it / the done thing. Maybe I live in an Adelaide bubble, but surely investors are still developing properties in Sydney too and aren't just using NG and CG as their only source of financial gain??

  8. #98
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    Default Negative Gearing - Politics talk

    I can see both sides. I don't like negative gearing as concept and never have.

    But I feel for middle income earners who are trying to plan for their retirements in a country that offers them nothing in retirement but often don't have enough savings to live on.
    Last edited by Sonja; 22-02-2016 at 20:25.

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    Quote Originally Posted by Sonja View Post
    I can see both sides. I don't like negative gearing as concept and never have.

    But I feel for middle income earners who are trying to plan for their retirements in a country that offers then nothing.
    Not much better for low income earners. I read that there was a plan about having low income earners 'opt out' of super payments and instead have that as their income. Not sure what they are supposed to retire on? Can't afford property. No super. Anyway - I am derailing. Carry on.

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    Quote Originally Posted by Elijahs Mum View Post
    In South Sydney yes - in suburbs with higher amounts of units like Hurstville or Sutherland is almost double at 15%
    Wonder what it would be like in Wolli Creek? That place is a disaster. Did you see this?

    http://m.smh.com.au/nsw/the-wolli-cr...21-gmzw2s.html


 

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