ParraPower
@parrapower2022
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Eels For Life | Part-time Investor | Full-time Buffoon | Risk Taker| Politics| Sarcasm | No financial/legal advice|
where else? Downunder
Joined November 2013
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Pinned Tweet
Auction of the year.
Watch the video to see the today's passed in price.
@solo_dio_
@_mumbling_me
@AvidCommentator
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Country full of landlords looking for foreign soldiers.
We need migrant soldiers to protect our migrants. Project Zimbabwe
@matt_barrie
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Men in 20s chasing direct path of owning Sydney Realestate.
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None of those paramedics will able to afford home in Sydney with their salary...
You’re looking at the latest graduating class of NSW Paramedics - and they’re ready for duty.
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If Australian education is world-class, then why are we only attracting Asian students?
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"The RBA is almost done hiking. One more 25bp hike on Melbourne Cup Day, and that's it."
100% right call, just one year early....
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Annual income needed to be bought at the median price.
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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
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If you don't bid at least 5 times against yourself, then you don't deserve to buy Sydney realestate - Aussie Proverb.
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Sorry, but Joe Hockey said in 2015 that "get a good job that pays good money "
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@ChrisMinnsMP
Why are horses not allowed in trains? We allow donkeys in the parliament.
#Discrimination
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Negative gearing is 8th wonder of the world. Aussie Aussie Aussie Oi Oi Oi
@AvidCommentator
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2022 - Bought $ 2,800,000
2023 - Sold $ 2,188,500
Mortgagee in Possession
$140,000 stampduty
~820,000 loss in 1.5 years
@Itsme59261985
@DarkyOld
@JCautec
@onlylarp
@solo_dio_
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Success story - Kevin Kong and Mi Chen have secured a rare entry-level home in Sydney’s inner-fringe for $ 1,620,000.
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More bad news for renters as investors dump properties.
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$ 1,610,000 for 3 bedroom house in Quakers Hills. Agent, Seller, and Bank are all laughing...
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$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.
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The sun is shining, the birds are chirping, and It's a great day to vote NO.
Let's do this.
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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
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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...
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This is just a friendly reminder that inflation is 3.8%
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SA population is growing over 3% per year, and you are announcing 300 new homes???.
300 homes = 1 days worth of Immigration...
Every new home is life changing.
That’s why I am so pleased to be in Adelaide this morning announcing our Government’s commitment to help build more than 350 new and improved social homes in South Australia through the Social Housing Accelerator.
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This investment property situated in the Northern Beaches area has been sold at a loss of $155,000 compared to purchase price. Additional costs associated with the transaction include stamp duty of $165k, agent fees of $60k, conveyancing 5k, & NG costs.
@AvidCommentator
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Back on market by another agent.
Bought for $ 2.1m (March 2022)
$ 100k stampduty, costbase $ 2.25m, asking $ 1.75m (22% below cost base)
@justthink1
@AvidCommentator
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Sold at Auction $ 4.2m
Bought in 2021 for $2m
Some renovations done. Sydney Casino is ON...
@AvidCommentator
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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...
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Aussie Children Career Options
(1) Doctor + property investor
(2) Broker + property developer
(3) RE agent + property spruiker
(4) Disgrace to family
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There is always a way to build a property empire. You just have to be willing...
@LocantroTony
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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.
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Back on market within 6 months. Short 2 weeks marketing campaign. I think people realising that 6% interest rate is unaffordable...
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Someone lost ~ $800,000 (stamp duty, agent, legal).
@solo_dio_
I am getting better at my Photoshop skills.
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Bought for $ 1,850,000
Sold for $ 1,350,000
Mortgagee in Possession $600,000 gone in 1 year
Back to 2019 price level
@Itsme59261985
@onlylarp
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ING pass on full 0.25% to the savers. New rate 4.80%. When last time we see 5% in saving account???
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SELL call triggered for Sydney realestate.
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Western Sydney landlords are realising that they can't pass on higher interest rate cost to tenants. Investment comes with risk.
@AvidCommentator
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Reservoir VIC
Expectation $ 1.6m
Highest bid $ 1.15m
39% difference between expectation and highest bid at auction.
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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
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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_
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Price you pay to live in the most liveable city in Australia...
Is this right? $14 for a ham and cheese croissant in Melbourne 🔥🔥🔥
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Aussie Children Career Options
(1) Doctor + property investor
(2) Mortgage Broker + property developer
(3) RE agent + property spruiker
(4) Politician + property mogul
(5) Builder + property hoarder
(6) Essential worker + renter = DISGRACE TO SOCIETY
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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
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Queensland Police are offering a $130,000 salary and $20,000 relocation bonus for kiwis. Why locals don't want to join police force?
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The average full-time income is no longer good enough to enter the housing market anywhere in Sydney. Lucky country
@AvidCommentator
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8-10 years to save for 20% deposit, use mom-dad's savings/equity, on top of that use your superannuation balance just to get roof over your head. Love the Aussie dream.
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$ 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.
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2022 - 544,220 migrants
2023 - 651,200 migrants
The current Labor Government is slaughtering Australians by chainsaw.
Record population growth
"The volume of population change in 2023 was a whopping 651,200 people - a new record
This obliterated the previous mark of 544,220 set in 2022
This level of population change is unprecedented in Australian history, and is far above the average level
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$174,000 gainz in 2.5 years
PS - I will block you if you mention land tax, agent, stampduty, interest, renovation, negative cash flow ($850/w rent), etc
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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_
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Elderly people are having to pay millions to millions to enter a care home. Years of capital gain will be taken away from children to large corporations. Lucky Country
@_mumbling_me
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Sydney real estate is looking really attractive to foreign buyers right now.
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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.
3K
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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_
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Sydney gross rental yield 2% vs AMP saver account 3.6%. Very hard investment choices...
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@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.
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Australian stockmarket sheds more than $100 billion in biggest fall since the lockdown era. But Corelogic index will be up tomorrow. Aussie Aussie Aussie Oi Oi Oi
@RBASHAGGER
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Four-storey mansion with 13-car garage, swimming pool, spa, Swarovski crystal chandelier and the Persian onyx staircase that featured in a music video by rapper Bow Wow. At the end of the day, the bank took possession of the house.
@solo_dio_
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Sydney home seekers need to earn double what they did four years ago to afford an average city house. Likely our income has double too...
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Any correlation between bikinis and tight rental market???
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It's good to see a hard-working aussie battler making commissions twice.
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RBA hikes 25 bps today because of free-fall inflation in Australia, slowing inflation in Turkey, lower shipping container freight cost, soggy wage growth, looming recession risk blah blah blah...
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Glory, glory to Sydney Realestate
Glory, glory to Sydney Realestate
Glory, glory to Sydney Realestate
Sydney real estate marches on...
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Don't fight with vendors if you want to secure real estate in Sydney. The vendor knows the real value of his/her property.
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Hi
@UBank
,
Is there any particular reason for not passing full interest rate hike to savings customers???
Why this discrimination???
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