I agree. Some economists are mixing their metaphors when doing comparisons, particularly with housing affordability.

My generation (X) is also into instant gratification, so building up to the property you want isn’t an option – straight to 4 br,3 bath, double garage, pool etc. Of course this type of house isn’t affordable to everyone and it never has been. That’s the problem with averages, they represent everyone and no-one.

Serviced apartments are a niche market and many investors won’t touch them as it can be difficult to get out of the investment. The ongoing mgmt costs can be quite steep.

IMO he would be far better off purchasing a conventional property – preferably a house.

I don’t like towns with less than 30,000 population (which probably makes them cities). I started in a backwards fashion recently by going through the ABS website population details to work out which council areas matched this description.

Now I have quite a few areas to investigate further so its checking for local websites to gauge industry and trends etc, check local agents for purchase cost vs rent.

Then a visit is in order. Find this works better than a scatter gun approach, but mind you my strategy is not the same as Steve’s or many others. I look for payments to be covered if possible, but if I think it is a bargain and will grow in value I’ll still buy it.

Definitely some tricky tax issues involved that a good accountant can help with. The borrowing ban can make it a difficult prospect, and returns need to be quite good to cover your cost structure.

Thanks for that – didn’t recognise the name. Much clearer now.

Itrona? Never heard of it. Where is it exactly?

Hi Pinkster (and Arty)- does that mean you thought me straight laced? No piercings (certainly never a Prince Albert []) – now that would hurt, and it was never my scene, although I have loved tatts since I was in my mid teens.

Most people I know are unaware of it (including my parents who would be horrified).

Go the celtic cross! A mate of mine recently had his family crest put on his inside forearm when his dad passed away – it looks fantastic.

So the family coat of arms is probably next on my list.

I got my first one this year after a 10 year decision on what to get. I have an Irish heritage so ended up with a celtic style crucifix type cross on my right shoulder. Hidden by even a t-shirt, but then I got it for me not for other people to see []

Sure is addictive, and I have the next couple planned out already.

BTW my boss who is a very senior (female) manager has a tatt but is not willing to show it. (must be somewhere rude!

Criminal Intent – very cool.