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ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 20, 2011 - 8:26 am
In the fifties we said the price of property could never go up because we’d lost half the
male population due to World War II and a recession, yet prices doubled. In the sixties
they said property prices would never rise again because of affordability and wages
couldn’t keep up, but prices doubled. In the seventies they said prices couldn’t increase
due to the oil crisis… yet prices doubled again. In the eighties they said prices couldn’t
increase due to the introduction of capital gains tax and high interest rates which
reached 22 per cent at one stage, but prices doubled. In the nineties they said prices
wouldn’t increase anymore due to low inflation and wages not keeping up, but prices
doubled. In the noughties they said prices couldn’t increase due to the introduction of
GST, but they doubled.
“In 2003 when the property boom was full-on and the stock market had bottomed and
was losing lots of money, I had clients coming to see me in a panic and wanting to sell
out. I told them the same thing I’m telling everyone now: just hang tight.
“All I can say when people make claims of gloom and doom is ‘yeah, yeah, yeah I’ve
heard it all before’. So why am I so calm when everyone panics? “One must understand
the fundamentals first before you can make a sensible analysis of what is happening.
“We’ve experienced world wars and depressions and recessions and high interest rates
and low inflation and high unemployment etc. but we’ve managed every time to move
through this and come out the other side stronger and wealthier.
“As long as the human race is wanting to ‘improve their lot’ then we’ll ride through the
economic ups and downs. A simple way of explaining this is if you’re uncomfortable in
your seat, you’ll move around until you’re comfortable again. This may happen straight
away or it may take some time but you will get comfortable again. This is the same as
economic conditions.
“As we bring more people into our country to maintain our standard of living we have to
provide more housing. In New South Wales alone there is a high building shortage and
the demand will continue to push the prices of properties upwards like it has done since
1901.
Do NOT lose your optimism in property as a great investment tool.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 12:14 pm
Let's get some clarrity here for you Robbie.
1. A Cert IV in Property (Real Estate) allows you to be a Real Estate Sales Representative – NOT a Real Estate Agent. You will need to have completed your Diploma for the full Real Estate Agents License. You will also, for both, be required to provide a NPC National Police Check to show you have no prior convictions for fraud or dishonesty (within the boundaries of some States Spent Convictions Acts).
2. I cannot see there ever being a national accreditation of the current Cert IV and Diploma's in Real Estate because they are all geared up ONLY for the legislation in the particular state you get your qualifications in. If, for example, you were a fully qualified Real Estate Sales Rep in South Australia (licensed under the OCBA – Office of Consumer and Business Affairs) and then moved to Victoria, the Victorian Consumers Affairs will presently require you to complete further modules in Victorian Real Estate Law, Forms, Contract Law, etc before they will allow you to list or sell a single property.
As I suggested earlier Robbie, contact the NSW Real Estate Institute (REI) and the NSW Consumer Affairs Office and they will be able to give it to you 'straight up'.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 11:52 am
Yeah, there's another well crafted, great book of fiction written on how to pay the Federal Government NO, ZERO, 0, NADA tax – it's called Dianetics! Personally, I thought Battlefield Earth was better but that wasn't the one that sucked the money out of the gullible masses and kept it from tha taxman's coffers.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 11:42 am
Hi again Robbie.
In terms of a Real Estate Sales Rep License you will need the minimum Certificate IV in Property (Real Estate) and the best place to go to find info on the Cert IV is usually the Real Estate Institute (REI) in your state and, as for licensing and certification, your state Consumer Affairs Office.I hope this has been of further help Robbie?
Kind regards,
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 11:05 am
G'day Matt.
Boy, are you going to have a field day with my latest post! Be kind
https://www.propertyinvesting.com/forums/community/opinionated/4336372
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 11:02 am
With all due respect Robbie, I have over 300 ex South African clients all around Australia and the single biggest constant I found from every one of them, regardless of their background in Sth Africa or their chosen trade or profession, is things such as laws, taxation, regulations, licensing and so on in Australia is vastly different to what you were used to back in Sth Africa. I am also acutely aware that if you have built up 30 properties in Sth Africa you're going to have a hell of a time getting that money out of the country. Many of my Sth African clients arrived with little more than a few suitcases and a couple of thousand dollars.
What you need Robbie is either to educate yourself (and this would probably take you quite awhile) or you should get yourself a coach, guide, mentor or someone or some company who knows Australia's laws and regulations, has the required knowledge and licenses, who can help you to get started until you have learnt enough to go it alone once again. I write these words only through my intimate understanding of many of the difficulties ex Sth Africans of all colors face when trying to rebuild in Australia.
I wish you every success with your endeavours and new life in the 'land downunder'.
Kind regards,
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 10:47 am
Hi Newbie.
The Melbourne market is flooded with one bedroom apartments & student accomodation and I personally would not touch one with a 40 foot barge pole. Now a 2 bedroom is a different story and if it is the lower or cheaper end of the market you want to invest in, 2 bedroom minimum in an unit. Check out the link below for more info.
https://www.propertyinvesting.com/forums/property-investing/general-property/4336374
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 8:15 am
Good response Scott!
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 8:10 am
Thanks everyone. I'll try to continue to post positive info on a broad range of topics as often as I can. I don't know everything but, what I do know, I like to share so others benefit.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 7:58 am
Hi Veronique.
Kong makes some very good points for investing into precious metal(s) such as silver. However, were your US IP bought for a quick buck or to obtain Capital Growth over time? Why did you buy property in the US in the first place? Property is rarely the superfast highway to riches but ponder on this: the US economy will recover as it has always historically done. Even if you don't experience much in the way of capital growth in your US IP's, what kind of profit could you make if our Aussie doller starts sliding backwards against the greenback. Example US IP worth $50,000 in 2011 and you bought it for $50,000 AU because of the parity in our 2 currencies. Now it's 2016, our dollar is worth 50cents to every US dollar and you sell your US IP for the same price you paid for it 5 years earlier – $50,000 US. Now, convert that into Aussie dollars and you now have $100,000AU. Interesting huh?
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 19, 2011 - 12:34 am
Hi Paul & Karen.
Could you please drop me an email as I get alot of enquiries for Options and Vendor Finance and would be more than pleased to work out an arrangement with yourselves to do some of my overflows or where I simply don't have the time to do the job properly within time constraints.
Kind regards,
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 18, 2011 - 3:18 pm
PS Matt – it's late; I know you're going to write a long retort and defend your position again; I must go forth and sleep and will read what you have to say in the 'morrow!
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 18, 2011 - 3:15 pm
And Nostradamus made alot of predictions too and it is REAL easy to look back in hindsight and fit the pieces to fit your hypothesis. I know of a Professor who claimed carrots caused cancer – easily said from a man who firstly, has never lived in the real world as he's never really left school but, also, his hypothisis was an easy one to make: it can't be proved or disproved. And then the second seal was broken and pestilence was released…..c'mon! I understand your economic arguments and indicators but living life on 'the darkside' with nothing but pessimism to sustain you is a rot I really don't want and I, for one, shall continue to invest based on historical and emperical data that says it's better to operate in the light of optimism than hiding under a rock in fear of what 'might happen'……
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 18, 2011 - 2:34 pm
"If you think you can or think you can't, you're right". Henry Ford
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 18, 2011 - 2:32 pm
Matt, you are so convinced that the proverbial is going to hit the fan, I bet if you were a young adult in the 1970's you would have built a nuclear bomb shelter convinced 'the end was nigh' and no one would ever have been able to convince you that not only would the Berlin Wall come down but we would see the fall of Stalin's communism in our lifetime. I once thought I would never see an African/American President of the United States in my lifetime.
Instead of continuing trying to convince everyone that 'the end of property is nigh' why don't you sell up, buy all the precious metal you can, hide in a property bustproof bunker and wait for all us suckers to lose everything. You will rise a wealthy man in a new age of worthless property and poverty…….strewth, maybe I should start writing science fiction novels….mmmmmmm.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 18, 2011 - 5:26 am
Hi Richard.
You are 100% correct Richard. I looked at the time of that post and it was 2:40 AM!!!!!
I must be more careful in future to either pull-the-pin earlier OR hang off on any advice until a more sane time. Thanks for the correction.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 17, 2011 - 6:41 am
PS: Being Sunday, i'll be offline for the rest of the day now but will be back on deck tomorrow.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 17, 2011 - 6:36 am
Drop me a line below Bardon and i'd be happy to talk more to you privately and with legal priviledge.
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 17, 2011 - 6:34 am
25 years………
Bought first home PPOR in VIC 1984 for $55,000 a bloody fortune -worth $ 650,000 today
Bought first IP 1987 for $129,000 with 18.4% mortgage – worth $580,000 today
Owned freehold IP in Bunbury WA in 2000 worth $61,000 – sold in 2002 for $153,000 (ecstatic!) – it sold in 2003 for $249,000 – worth today $780.000.
Defense rests
ALF1
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@alf1
Join Date: 2011
Post Count: 237
April 17, 2011 - 3:57 am
Hi Bardon.
You don't see too many but I have done an Option Agreement on a $23.3million property before – the largest I've done.