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Wednesday, November 27, 2019

Homes Designed and Arranged for Dementia Suffers

Post to Facebook on 27/11/2019 2:07 AM
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This is another valuable blog to read

No, I am not suffering from dementia, yet. I have not forgotten what this group is for. On the contrary, I remember I wrote recently that I would link blogs from my other groups or pages which are relevant and useful.

One of my reasons to blog often, and on many subjects is to keep my mind active. First of all, I need to rely on my stored knowledge, plus new one just read; I have to digest the content, and package all these into a blog.

Since you are still reading up to this point is that you are not yet demented, at least not to any grave extent. You know where to locate the group, and the blog, either intentionally or via FB notification.

Do you know anyone you love suffer from this condition?

So what has dementia got to do with real estate? Many people enjoy declutering and throw out a lot of "memories". Dementia sufferers may not remember current events taken place recently, but their long term memory is deep inside the brain. These seemingly useless items can be treasure and comfort for the sufferers. You will feel so good to witness the smile of the sufferers when they see things they loved once upon a timr, and they may even tell you the stories taken place years ago.

Some nursing homes are renovating their premises to look like back to bygone era. I critise on several occasions about aged care homes marketing department target at the offsprings of the potential residents instead of the users. The remote control flat screen television is hardly use, WiFi in room, modern furniture, mirror doors, etc. Many people ready to live in these places have never seen or used these before and do not have much benefit to the residents.

When you renovate or redecorate your house for someone with onset of dementia, try to place items familiar to them "back then" in the room. If can find and buy a rocking chair similar to one they used to sit on, you are a real champ.

You may not like a dim room, but many older people do, partly they do not want to see as much and partly they are sensitive to bright light. If they decide to have a dim room, please let them have it, and you may even choose thicker curtain material or have suitable blackout material.

Many people put a lot of photos in the suffeters' room hoping that they can recall who those images in the photo are, I doubt it will be successful. The sufferer do not have the visual and cognitive cabilities to recognise and analyse the images.

On the contrary, play music or songs of yesyetyears through speakers, either hardwired, vid blue tooth or just from a tablet.

A normal person can navigate easily in a house, but for Dementia sufferers, they may not be able to find their room. Any lit-up sign can attract their attention to lead them to the room.

A non-government funded apartment or room in an aged care home is expensive, and this is something you must keep in mind, especially you are becoming a senior.

Thank you for reading.

Sunday, November 24, 2019

Gone for $6.25m, Greyhound site sale sparks debate on 'intangible heritage'

Post to Facebook on 24/11/2019 12:44 AM
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When I travel to some overseas countries, especially visiting the capital cities, the tours are likely to include walking through the Old Towns, where the old building and heritage sites are preserved.

Where is Melbourne Old Town? I don’t think there is one. It is a shame that we have nothing to show to our future generations and overseas visitors about our past.

Rising listing numbers hint at bumper year for property sales in 2020

Post to Facebook on 24/11/2019 12:08 AM
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In recent months, many gurus have been promoting their get rich quick programs in real estate and other businesses, and I responded to several of them. Some ignore me while others just block me.

I keep wondering why those who claim to have earned mega millions want to give away their secrets in exchange for the blood, sweat and tears money of the struggling souls. They don’t need everyone to be suckers of the get rich schemes; a couple of hundreds on each occasion during the campaign period will be suffice to top up their bank account.

Domain and competitor realestate.com.au have been hyping the rise of the real estate market, but the auction results have been telling a different story, going up and down like a yo-yo. Last week saw a rise to 75%, but drops back to 70% this Saturday.

It is undeniable that listings are hard to comeby. Unfortunately, not only both companies, but also many gurus and industry experts have been telling their readers or followers that the number of listings is increasing which points to a bumper 2020. Can that be true or is it an over simplistic view of market movement?

Consumer confidence is still not there to support that view, and the scary news about global recession with Australia being one of the forerunners to be hit hard. It is important to remember what I have been telling you - not only must you reduce expenses, but also more importantly increase your income.

If you are saving to buy a property say $600,000, you need to save up at least 20% before your bank or money lender will top up the rest. That 20% is equal to $120,000. Many people, including readers in group, do not spend enough time or no at all researching for bank interest rate on deposit. They whinge about the low interest received from their bank, and yet do nothing.

One bank is offering introductory rate of 2.35% for 4 months for new depositors. This is bonus plus standard rate variable rate. I believe this is at least 1.5% better than what many of you are getting. The extra money on 1.5% variation over 4 months is extra $600. Just for about an hour of dropping in to the bank or on the computer, you earn another $600.

There are other ways to bring a little extra if you recognise the power of skill transfer and marketing. I have been mentoring some job seekers to learn about these.

I have blogged about marketing before. Doing it right, one can get a pay rise even during difficult economic time, or increase sales. If you work on a commission basis, increase sales means increase income.

However, if your are in transition, a nice way to say unemployed, good marketing skill may give you the edge to get the next job.

Please also remember, Knowledge is Power, and you must spend your spare time to read and improve yourself. I can do it, so can you.

Thank you for reading.

Wednesday, November 20, 2019

Record household debt as RBA knuckles down to further rate cuts

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Posted to The Age (19/11/2019) on 20/11/2019
Commenting on "Record household debt as RBA knuckles down to further rate cuts"
https://www.smh.com.au/politics/federal/record-household-debt-as-rba-knuckles-down-to-further-rate-cuts-20191119-p53bzj.html

It is a nut case to the nth degree. For months I have commented and blogged that consumer confidence would not improve with rate cut, and the whole real estate market would continue to be topsy-turvy.

The low interest rate is as bad as the seduction of using credit card. Many people who really can't afford a loan to purchase real estate ended up with debt over their dead bodies. It is a misconception and further cut in interest rate MUST stop. The Royal Commission has uncovered some unethical practices of the financial sector, but I hope we do not need a Royal Commission or Consumer Affairs to tell us that RBA is committing social injustice leading to much untold financial hardship for many Australians.

I would welcome RBA release some positive news regarding countries having zero or near zero interest rate, but I doubt it can.

The traditional fiscal and monetary models seem to be archaic in present day. Definition of employment is a joke, the so called coffee culture proudly celebrated by Melbournians is nothing more than a fad. Although cafes are replacing the empty traditional retail stores, the culture will die if the economy gets worse and become truly stagnant. One must be mindful that it is no longer science fiction that robots are taking jobs away!

Thank you for reading.

Six reasons why living in a small house is better for you

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Many reasons stated in the article are very valid. However, for me to choose a small house at the start was nothing more than economics.

The loan repayment was much less and did reduce the mortgage stress. Any spare money was saved for rainy days, or a little "luxury" of dining out once in a blue moon.

Especially these days, the biggest expenses come from utility bills. Savings in heating and cooling a small volume of space can help paying extra towards mortgage. Based on compound interest calculation, that can mean many years of early loan retirement.

Now you understand why I recommend to buy a small house for your first home, unless you can afford a bigger budget and have no problem with finance.

I doubt most people drop dead at 50 years old, so keep the extra savings to enjoy your senior age!

Thank you for reading.

Beware of Exaggeratted Investment Claim

Post to Facebook on 20/11/2019 12:29 AM
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I can never accept any BS like the following which was posted by Knowledge Source published in FB on 14 November 2019.

"This new way of investing in property leaves Australian banks dumbfounded...

Because, with this new way, there’s no need to take a loan to invest in properties.

There's no need to pay a deposit.

In fact, there’s no need to even own the property.

And yet, with this amazing way of investing I made over $100 Million.

Even people like Robert Kiyosaki use this method to create their wealth.

And there are so many deals out there in the market… That I can’t handle them all by myself.

That’s why I’m inviting you to partner with me.

This partnership helped thousands of Aussies create wealth, quit 9-5, have more time with their families and enjoy an overall better life.

Even when they were deep in debt.

Sign up for my Free Webcast and discover how profitable partnering with me can be for you.

For more details click the ‘Book Now’ button below now."

I commented as follows:

If you have made $100 million already, how many more millions are you going to make? If this is not true, your promotion is deceptive and misleading.

Sunday, November 17, 2019

In the path of disaster: The big causes of bushfires that most of us are missing

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Posted to The Age (15/11/2019) on 17/11/2019
Commenting on “In the path of disaster: the big cause of bushfires that most of us are missing”
https://www.theage.com.au/national/in-the-path-of-disaster-the-big-causes-of-bushfires-that-most-of-us-are-missing-20191115-p53b0b.html

Is it innocence or arrogance, or is it stupidity or stubbornness that people keep thinking two wrongs will make one right?

This is not the only example that people ignoring the danger of nature, that is they continue to build houses near forested areas prone to fire. Many still choose to live close to flood prone water side.

Despite many shorelines being eroded and rising water level due to worsening of “Climate Change”, people are still paying mega millions to stay near water, and development of high rise buildings and high density suburbs are still being built without giving any thought of future disaster.

Like what an advertisement of a cosmetic company once said, “it does not happen overnight, but it will happen one day”.

Thank you for reading


Wednesday, November 13, 2019

The Gold Coast suburbs posting double-digit price growth

Post to Facebook on13/11/2019 12:43 AM
Commenting on “The Gold Coast suburbs posting double-digit price growth”


What is double-digit growth today, can go south to negative in very near future.

I blogged on several occasions about shoreline being eroded, and even the most beautiful beaches, no matter where in Australia, will suffer the same fate sooner than later.

The latest fierce fires in NSW and Queensland have definitely ”ignited” debates about global warming and its disastrous effect. It has also been blamed for beach or shoreline erosion. If climate activists continue to make loud noises, and start showing aerial photos of the shoreline erosion, investors can kiss goodbye to their double-digit growth.

If you have invested in properties near the beach, make sure you have your ears on the ground, and be mindful that the sharp rise of such investment can also mean sharp tumble. Do make sure to offload the property when the property reaches a cutoff profit point.

Thank you for reading.

Monday, November 11, 2019

Why one Southbank resident keeps baseball bat near his door

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I was too tired to comment on the news article in The Age. I have a lot to say about this, unfortunately, not in the best light of apartment living.

Just a couple of days ago, I blogged about the subject of apartment style accommodation for retirement villages / nursing homes, and argued why it was fatality in the waiting.

Many years ago, I stayed at my friends‘ apartment when we were visiting Vancouver. Their next door neighbours‘ apartment was burglared and all the valuables were stolen. The locks were damaged and therefore it was considered force entry.

Many people live in apartments thinking all they need is to lock up the place and go on travelling. Unfortunately, it is much easy to burglar an apartment than a normal dwelling, because most apartment dwellers have no idea who their neighbours are, or cannot be bothered to find out.

Unlike many apartments in Hong Kong, where every front door of the apartment is like a Fort Knox, with stainless steel door and with multiple locks, apartments in Melbourne are nothing like that.

Remember the days when many male Hong Kongers travelled between Hong Kong and nearby China citities like Shenzhen to on “business”? China was not “open” to the world then. Shenzhen became a place for the Hong Kongers to keep their mistresses and earned the title the “Mistress Village”.

Then Glen Waverley had its first high riever apartment smack bang in the middle of Monash City CBD. I heard that some of the apartments were used to house mistresses by the locals and overseas residents. Whether these apartments were bought outright or rented, I did not have the information.

At one stage, a motel nearby had a sign board displaying a promotion that patrons could rent the motel by the hour. Well, well, well, why do people use the motel for short accommodation, except for quickies?

I was shocked to see such promotion, because I thought this could only happen in cities in SE Asian countries.

It dawned me that why could not apartments be used for similar “business”? The next question is, could this possibly be controlled by some illegal rackets?

It is public knowledge, if one pays enough attention to news, some apartments in Dockland were leased to a lead tenant, who then subleases to many others. It was reported some “time-share” the apartment, as many as ten people taking shift to use the apartment.

A few years ago, a local newspaper reporter rang me because she heard from the grapevine unfavourable things happening about apartment living, and an acquaintance put her on to me. I could only tell her what I heard and knew; obviously, I did hot have first hand experience.

Gaining entry to an apartment is not as difficult as one thinks. Many apartments do not require special smart card to activate the door or lift, and all is required to wait for someone to enter the front door, and one may pretend to be in a hurry and ask that person to hold the door or lift. The best is to make sure that one’s hands are holding a lot of things and could not open the door.

With “high” vacancy rate of apartments, and Airbnb gaining popular, It is not surprising that owning an apartment even in the top floor Penthouse cannot be guaranteed quiet enjoyment, and feeling secure. One can be robbed, or even “kidnaped” within the building.

Now you understand why I am biased about apartment as an investment, or own accommodation.

Thank you for reading.

Sunday, November 10, 2019

Redefining luxury retirement living on the Gold Coast

Post to Facebook on 10/11/2019 11:03 AM
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Many retirement “village”s and aged care homes building are multi-storey apartment style accommodation. Due the shortage of land resulting in high prices, it is no longer an option to build single storey homes.

While this is economically a wise decision, I can foresee future fire will lead to many casualties and a number will be fatal, with the aged and frail will be burnt to death.

I volunteer at several aged care homes for over 20 years, including the those with a mixture of independent, low care to high care residents.

One morning, there was a false alarm at one of the sites. Fortunately, it was not a real fire, and it was a single storey building. Many could walk with their walkers very slowly, but some could not walke out of the building unassisted.

Can you imagine if there is a real fire at a multi-storey aged care / retirement village full of aged residents, when lifts are not to be used, and the aged residents must vacate the building?

Unlike most healthy and energetic young people, many residents need assistance to move about, and take much longer to vacate the building, like what I witnessed first hand on site.

I do believe the government should take that into consideration now and review the regulations before casualties occur, and another huge sum spent on a Royal Commission.

It is great if all aged care / homes especially the multi-storey ones have at least one practice run now, and learn from the outcome about how quickly the residents can get to the safe assembly areas.

Money saved now may not save life!

Thank you for reading

Saturday, November 09, 2019

Australian teachers work longer hours than those in most OECD countries

Post to Facebook on 9/11/2019 4:09 AM
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Does a teacher working harder make students smarter? How about if I ask a slightly different question - does a teacher working smarter make students smarter, or even work harder?

I believe many readers in this group can recall the days when they attended schooling, say from primary to secondary. Most had preference liking certain subjects, but not the rest. You might even hate them to say the least.

A student dislike or hate a particular subject for many reasons:
  • boring and dry content
  • can’t understand the content
  • teacher lacks the knowledge or skill to teach
  • teacher can’t manage the class
  • teacher can’t explain or illustrate using non-verbal method
I am making every effort to develop new ways to get students interested in different subjects. What this also means is that I have to learn to get myself interested to subjects I may not be keen in before.


Thank you for reading.

Friday, November 08, 2019

'About as bad as it can get': REA boss grapples with 'worst market' for property in decades

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Posted to The Age (9/11/2019) on 9/11/2019
Commenting on”'About as bad as it can get': REA boss grapples with 'worst market' for property in decades”
https://www.theage.com.au/business/companies/about-as-bad-as-it-can-get-rea-boss-bemoans-worst-market-for-property-in-decades-20191108-p538ow.html

What a load of bull crap! I have never heard any words of appreciation from anyone, including the REA boss Owen Wilson, when the real estate industry boomed. During those good times, not much marketing or selling skills were required by the so called real estate professionals, and many real estate agent representatives were no difference from the waiters in a Chinese restaurants, taking orders from buyers who were in a state of FOMO.

Lots of commission lined the pockets of these “order takers”, who drove flashy BMW, Audi, Mercedes, and top end of the Japanese cars. When the downturn descended, they became lost completely because they had no idea how to communicate with the potential vendors, who were reluctant to put their properties in the market.

In fact those who could hardly speak proper English found it difficult to get round listing properties from the English speaking owners, and therefore have not enough to sell to those non-English buyers who still have deep pockets.

When the real estate industry boomed causing price hike, it was the government’s fault. When the industry goes belly up, guess who is to be blamed? The government, who else!

Thank you for reading.

Another must read post - Life & Investment Adivce

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Another must read post

I have discussed and “issued” warnings for those at the age of 40s and holding upper-middle and senior positions to be careful with and cautious about their employment.

At that age, they are likely to deal with and manage people rather than projects or tasks. They have staff ”below” them to keep in check, and in the meantime keep higher management happy by meeting KPI’s, targets, budgets, and timeline. Office politics requires soft skill, hard skill and diplomatic skill.

Unlike handling projects or tasks that require special technical or hard skills which cannot be replaced easily, professional managers are abundant, and it is matter of paying a higher ”reward” plus perks to lure them to replace those under achievers.

I was young before, and enjoyed the glory to be at the top during my early career life. I learnt and realised very quickly that no one was really indispensable in a company.

When you are about to hand in your resignation if you think you have enough with the company, think twice; the companies outside can be worse than the present’s. There are people who deal with their desire to depart in a more philosophical manner, by justifying that If they don’t try, they never know!

Very soon, the company you have contributed your effort for years, will find someone to sit in your chair.

What’s my point talking about employment? Unless you have loads of inheritance from parents or rich uncles, or lucky enough to win the Tattslotto 1st division plus Jackpot, you derive your income from turning up to work. In the real world, the more you earn, the more you get ambitious with your expense, and investment, and hence you will experience more stress.

I am a problem solver and a careful investor, and never put my eggs in one basket. I spread my financial risks, and so far I am very happy with what my wife and I have achieved.

Not that I am a sour grape, I always advise people not to start off with a high price property, over stretching their budget. My previous primary residences including the present one took less than 10 years to pay off.

A lot of people are so fixed in their mindset that and become a slave to the banks or lenders of their properties. It is always nice when the bank manager asks you to collect the Title that has been in their safe during the past many years.

I shall be using we and our from hereafter when I refer to investment in joint name with my wife.

We started with a small house that required some fixing. We learnt about renovation hands-on, pros and cons, and the ins and outs so that we would not fall for bigger mistakes that might cause an arm and a leg. We set our target to pay off the loan say in 7 to 10 years, and worked towards the goal, increasing ”our” incoming working extra jobs, and cut expenses to bare minimum.

It is important not to let emotion push you into investing in a property beyond your budget.

In order to minimise our risk, we invest in multiple low-price properties instead of a single expensive one. The low-price properties became positively geared in very short time, which means the tenants are paying the loan. That is the preferred way to earn a passive income.

If you have a better or preferred way to invest, please share with us.

Thank you for reading.

Divorce-led property sales on the rise amid recent downturn, experts say

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I have blogged before why some people have to put their properties in the market. Every time an owner or joint owners sell one, they need to buy another one, unless they move to a nursing home or die.

Unfortunately, for divorce cases, the situation of ownership can be much worse than described in the article. If it is due to financial trouble that results in undue stress, it ends up no one partner will be able to own another house, and creating the need for both to look for rental properties, or both end up without owning the property.

In my other sites or groups, I blog often about the sadness behind the underemployment and unemployment rates. These rates are not just numbers. They are also measure of unhappiness, mental well-being, marriage break down and family breakup in the society.

If you and your spouse start to quarrel over money matter related to mortgage repayment, call for time-out and do sit down and work things out together.

When you visit an open-for-inspection, you can check the content of the wardrobe against the ownership of the property. If the names are in joint ownership, but the wardrobes have clothing of one gender only, it is very likely the couple have been separated.

Since very early days, I do not invest in a property, put on the market due to a divorce case, unless I was kept in the dark. It is just a matter of my personal reason.

Thank you for reading.

Tuesday, November 05, 2019

The auction strategies on the rise as bidding action heats up

Post to Facebook on 5/11/2019 2:10 PM
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I do not quite agree with the linked article on how to bid at an auction and some content. Before I share my views, how about you give it a shot.

Don't wait for someone to comment, because sooner or later, you may be left alone to deal with tougher situations.

Thank you for reading.

Monday, November 04, 2019

Melbourne auction market solid over long weekend

Post to Facebook on 4/11/2019 8:12 AM
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Melbourne auction market solid over long weekend



This is what I meant by conflicting auction results reported or perceived by the experts. Reading through the attached article, I find the following paragraphs rather interesting:

“Chief economist at AMP Capital Shane Oliver said Melbourne’s market was still looking “pretty solid” for the first weekend in November.

“Results do seem to have slowed from September,” Dr Oliver said.”

Does he mean the slowing started in October? October clearance rates had been over 70-75% in preliminary results reported in Domain, better than previous quarter. I wonder what the final rates were in the July-September quarter.

I have criticised enough about the “expert’s opinion”, so I better give it a rest. After all, who am I to tell them how to suck eggs.

Thank you for reading.

Saturday, November 02, 2019

Pavement showered in glass shards after tower's balcony panel cracks

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For a change of pace, this blog is very different from what I have been posting.

Posted to The Age (1/11/2019) on 2/11/2019

Commenting on “Pavement showered in glass shards after tower's balcony panel cracks”

https://www.theage.com.au/national/victoria/pavement-showered-in-glass-shards-after-tower-s-balcony-panel-cracks-20191101-p536o3.html

The meteoric rise in housing construction and associated technology incorporated in the old and new buildings are real concern.

Rental properties need to have gas heaters checked every two years and smoke detectors every year, but I doubt there is any safety check on solar panels, especially the electrical connections and storage. At present, solar panels are god sent as a renewable energy generator. Under extreme climatic fluctuation, will the glass crack or even cause short circuit? Furthermore, the potential hazard of disposing them at the end of their useful life is taboo, not dissimilar to the use of plastic bags years ago.

Can LED devices and energy savings lights be a health hazard? Under certain atmospheric condition, I cough very badly and I can even detect some very small traces of gaseous smell, even if no one around has the same reaction. Many of these devices and lights involves with micro-fine soldering, and what chemicals used in the solder can be carcinogenous. The energy consumption may be low, but can the fine micro-electronic connections last as long without failure?

Thank you for reading.

The great house-buyer drought of 2018-19: See how your suburb fared

Post to Facebook on 2/11/2019 3:21 AM
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It is official that the number of Victorian properties sold in 2018-2019 is 201,592 or 20,000 less than the previous year. This means, the fall is around 9-10%.

If the state government collected stamp duty worth about $5.5 billion during the year, the decline in revenue from stamp duty would be only half a billion dollars instead of $1 billion as reported. My goodness, this variance is not a small change!

So can we trust reporter or writer who is poor in maths to tell us how to suck eggs in real estate investment?

I have blogged on several occasions that there is a great shortage of listings, and It is evident from the reduced number of property for sale advertisements in local papers.

The state government framed the budget based on increase in stamp duty, and go gangbusting on large infrastructure projects, employ thousands of public servants, and generous wage increase for the next few years in some sectors.

Most disastrous of all, the ridiculously high pay rate for the construction workers on many projects will be a very bitter pill to swallow if things don’t work.

The fall in stamp duty revenue is going to delay or even scrapping some projects, and rise in unemployment. The economy will decline despite the numerous interest rate cuts.

There were talks about scrapping the stamp duty and replacing it with charging land tax on all properties. I doubt the state government is in a hurry now to scrap this stamp duty cash cow.

Will properties prices rise and rise like the previous boom? I still believe the prices remain fairly steady for this quarter, even some reports reckon the median price has gone up 2% in Melbourne and 1% for Sydney in the month of October.

Nothing much is said about the rise and fall in median prices in individual suburbs, and figures do not provide any indication whether more new properties then “existing” ones are sold.

I visited a suburb mentioned in the attached article in my blog recently, and there are 3-bedroom properties for around $450,000 to 650,000.

If you are serious about buying your first home, search properties around your budget range, and look through the properties for sale. Check out some of properties in the various suburbs, and hop into your car to check out the properties in various suburbs. Do not form your opinion so soon!

Thank you for reading.