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  • Profile photo of Andrew111Andrew111
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    @andrew111
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    Post Count: 13
    October 23, 2003 - 6:57 am

    Yeah good thinkin Nu Gen.

    Cheryl, that sounds like a good deal to me.
    Thats $7540 in rent p/a, and your loan repayments would be around that. If you got a loan on interest only, then thats around $5500 p/a.

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 23, 2003 - 6:21 am

    Good answer QLD’s 007. Thats all I needed to try and find some. Now I need the time to make the trip :)

    Yeah guys Im 21, and just starting out too, and was thinking whether I need a business partner. It might be a good idea.

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 16, 2003 - 4:46 am

    C2, so youre saying that you can get an R32 GTR there for $8000? With the exchange rate of 75 yen to 1 ozzie dollar, that makes it only 600,000 yen? I think youd be lucky to get one under 800,000 yen.

    But yes I am in Australia, so theres shipping costs, stamp duty, buyers fee, GST, compliance, rego etc etc…. It all adds up. I actually got it pretty cheap over here.

    That 300zx was only 187,500 yen???? Far out that is a bargain!

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 16, 2003 - 1:48 am

    xyzzy: Yeah I just checked it out, and I know Dad owns around 500,000 – 600,000 shares. The top 20 shareholders all own over 1,000,000 shares.

    Thanks for all the info too guys.
    Its been very helpful, and I think I will start up an ING account very soon.

    Cheers,
    Andrew

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 16, 2003 - 1:31 am

    C2, if you notice I said 1994 GTR. The twin turbo AWD car, not the GTS-T. They sell for anything over $30,000 these days.

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 15, 2003 - 6:13 am

    Dingo, yeah shares are definitely are too volatile to put all my money into them, but maybe spread it across a few companies + a managed fund?
    I’m an Accountant and should be able to match the $220 a month fairly easily.

    Has anyone heard of Burns Philp shares? When I was in high school I did an assignment in buying shares, and noted that Burns Philp shares were at only 8 cents. I told this to my father, and he bought a HEAP of them, and then alot more at 20 cents, then 30 cents, until he now owns around 15% of the total shares of the company, and they are worth 70 cents!!!! So I was thinking of investing a bit into Burns Philp….

    So with INGDirect, can I set it up so that it transfers cash from my CBA account into it every week or month? And would I get a better interest rate if I didnt withdraw anything for 3 years??

    Profile photo of Andrew111Andrew111
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    @andrew111
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    October 15, 2003 - 6:03 am

    Wilko, nice choice in cars! The Supras are very nice.

    Yeah with the new importing laws, the cars basically have to be stock when complied, but there is the 89 year rule, where if they are 15 years old, then they dont have to be stock or complied. But who wants a 15 yr old car anyway???

    Anyway, you can still import a fairly stock car, do it up a bit and I reckon youd still be able to make a small profit.
    In about 4 months Im going to import another GTR, and try and make a larger profit this time. [8D]

    Profile photo of Andrew111Andrew111
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    October 15, 2003 - 2:05 am

    Thanks for the quick replies guys!

    Ive just taken a look at INGDirect and they looks pretty good.

    Any other ideas, what about shares? They seem to risky to me, but in 3 years might give a better rate than 4 or 5%.

    Profile photo of Andrew111Andrew111
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    October 15, 2003 - 12:12 am

    It was a 1994 R32 GTR.

    Profile photo of Andrew111Andrew111
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    October 10, 2003 - 2:04 am

    powmow: Im from a country town called Mildura in the north-west of Vic.
    Property values are on the rise here, so I am going to try and get in asap before it plateaus out.

    Profile photo of Andrew111Andrew111
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    October 10, 2003 - 12:24 am

    Hey Josh,
    I too am VERY new to this, as this is my first post in these forums.

    I am 21, and in a few years will be looking at owning my own home and starting to invest in rental properties.
    I have just landed a great job as an accountant so have a very good income backing.
    The only thing I can suggest (which might not necessarily be correct) is to try and get yourself a full time job. Are you studying at all, or just working?
    I am doing my accounting degree by correspondance and am only doing first year, but the firm I’m working at saw that I was keen and took me on.

    I have been to a few banks just enquiring about home loans and so on, and the majority of them want the lender to have some sort of full-time job, and to have a surplus after repayments and living expenses.
    Its always good to have “bricks and mortar” as collateral too.

    But personally I think its great to see people as young as 20 and 21 thinking for the future.

    So does anyone have some good tips for us young’uns starting out?
    Is the first home buyers grant still $7000?

    cheers,
    Andrew

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