Wez – I don’t think many people will argue with you. This same point (buying purely for cashflow) has been raised ad infinitum, and isn’t rocket science.

You seem a bit angry with the world – the sharemarket is not always the answer if property doesn’t work out. I find it more time intensive than property, with more variables affecting prices.

There are more than two asset classes.

I’ve always been a fan of properties located in the mall – in my case Launceston. They have long term tenants etc. How is Devonport for commercial?

Prices vary wildly between states – Tas for instance is around the 200k mark for a detached unit/townhouse with average quality/inclusions – not too bad until you compare with purchasing existing property in the same area.

Based on purchase prices in Roseberry you could not build for anywhere near replacement value. I would suspect a very very long payback period in this town.

Have used e-tax for the past 2 years and love it. Very easy to use and it saves previous years info where necessary.

Been reviewing Economics 101 text books?

Seriously though – most property investors are price takers as they will only realise a price the market is willing to pay. Price makers would really only relate to companies like Meriton or Mirvac who create a vast amount of property and then demand a price which is mostly accepted.

The economic theory has been a bit bastardised in this instance.

Overall Steve I’m a bit concerned about your direction. First it was a fear based invitation full of CAPITAL LETTERS and exclamation marks!!!!! urging me to pay for a seminar before it was too late, and now trotting out this tired old line about buying low and selling high.

Not hard to believe at all Yack. Leverage works in all markets, and using margin loans, dividend reinvestment plans and reinvesting other dividends back into shares can quite easily make very good returns.

I congratulate you on your equity position (please note I am not attacking you here) but you didn’t have to be a rocket scientist to make money in property over the last few years. There are many people who purchased property that I wouldn’t call investors

I have just picked up a property that was part of a deceased estate that was being liquidated. I offered as much as I was prepared to pay – the liquidaters aren’t stupid – they get valuations done and compare your offer. Make it too low and you’ll get knocked back.

I’d have to say we attract a better class of renter by managing privately. It’s just a job to a PM buts its much more to us. We weed out undesirables at first contact – people have to meet our standards (which are high) to get the rental.

It’s a hole. Even at 1600 people what level of confidence does it give you for being able to rent it out moving forward. It’s not a booming or growing town.

Glad I amuse you. Just think of me as your voice of reason.