Originally posted by Pursefattener:
Yes , 1990 was a hell of a year .

1995 for me was also an interesting year ( migrated to Aus with 600k from cashed up property sales and small business sale )

Shortly after that I lost about half of it…… arrrrrrggg… but that is another story [fear]

Women eh! Awesome post HB. Like the 35 vs 55…[Read more]

Originally posted by hb:
you must be looking at the wrong chart

http://asx.com.au/asx/research/ChartsSearchAndResults.jsp?postback=true&asxCode=bhp&compare=index&indices=XJO&compareCode=&TimeFrame=M10&chart.x=48&chart.y=18

whats it general trend over 10 years????

I believe BHP had a corp adjustment when it merged the old BHP and Billiton…[Read more]

Originally posted by kingdavid:
because it is a new home, duty is only paid on the value of the land… not the building…

so when Mirvac built the property, they have only paid duty on the land. when they sell the property to us, they will pass on the savings to us, which we will negotiate by how much…

[blush2]

If they are selling OTP…[Read more]

Theres probably only a couple more years in this cycle to go in WA before it catches up to the median prices of the East. Its already caught up to Brissy and closing in on Melb (if not already) so you’d better hurry. Try to get your hands on some stock now and negotiate a long settlement if possible out to when ur flush with funds. Serviceability…[Read more]

Originally posted by Terryw:
Any profit would be declared on your tax return and payed at the end of the financial year when you do your tax – as far as I am aware.

As long as you haven’t lodged an ITWV Form. I think if you sold a property and will come into a large capital gain, might have to resubmit a a new form. I figure the ATO might not…[Read more]

Originally posted by pipelinebuilder:
Yes I have a job, no the 40 K is passive, its not income from my job.

$40K passive and I gather thats not from paid up IPs or dividends either. Congratulations. Sounds like ur well on your way already. Care to share with us what business ur into?

The old trading adage – let the profits run and stop your losses. Would you have sold Nasdaq at 3500 when it was on its way up to 5000?

WA is still relatively affordable. Until I get to a point where I can sell 2 WA properties to buy one house in Syd, then its a sign to me that we’re sort of getting to some kind of equilibrium. Why would I pay…[Read more]

$650 a week?? Wow! Thats impressive. I’m sure the cap growth have been phenomenal too. Was it a fully furnished executive rental? And if you don’t mind sharing, which suburb is it in?

I guess young people are doing it now cos they simply can’t afford to buy a house in the cities. Simple as that. If I could afford a PPOR inner city, I would. Instead we have to buy in outer suburbs or interstate when historically the best performers are in the cities. Its nice that the market is flat to negative in the cities in the East.…[Read more]

Where? Busso? I don’t think its that nice a place. Theres no big shopping centres, fast food, high rises, busy roads, loud bars and clubs. Who’d want to go there…

The shortage in coastal WA is so dire that they are now acting as buyer’s agents. Yep, buyers pay their fee to entice vendors to sell. Couldn’t one do the door knocking themselves….? The RE agents are reaping it in. The principals must be laughing all the way to the bank. Not a bad way to make a quid considering the amount of value add they…[Read more]

After the housing finance numbers today, this was put out by our Economics team:

New lending to owner-occupiers (number) rose 0.4% in November. Stripping out the impact of refinancing we find
that lending was also up 0.4% in the month, with an 8.5% rebound over the last four months – to be up 10.6%yr.
The spring bounce is evident in both the…[Read more]

Hi Michael, thanks for your reply. Appreciate your comments seeing you’re probably one of the very few in this forum who has seen AND been involved in a few cycles in Oz. I gather buying pre-cycle boom and buy under market value is a strategy which you employ. And something which you can add value. Easier said than donw I’m afraid in this…[Read more]

Hi Michael,

You wrote, “When doing your research on these suburbs, check out where it is in its own property cycle. IF it is peaking then maybe you should put off your buying decision.

You will do better by timing your investment purchases well and buying counter cyclically.”

By this theory, do you suggest that we should not be buying in a…[Read more]

Pipeline builder wrote:

I strongly belive I will be retired by 30, this was reinforced this week by meeting someone that is 45 has 2 kids and earns as much income in their job as me, boy was it a wake up call.

If anyone can show me a faster way to earn 40K passive income in under 12 months than what I did please contact me, my email is…[Read more]

Hey Marissa, How you doing? Happy New Year! I can switch to a 3 year fixed Int only at 7.07% but them switch and application fees are annoying. Still very new to CPs and IIPs hence I read with envy on Dazz’ deals.

Before everyone jumps on to these deals, remember that its minimum 30% deposit & you’re paying around 7.5% interest and 15 year P&I type loans. You could probably get 5 year Interest only but not sure if you need to jump serviceability or other credit hurdles. Any broker who would like to enlighten will be much appreciated.

Also for that kind of…[Read more]

I’m sorry to say Sweet that if it fit the 11 second rule, it won’t ever make it to realestate.com.au. Have a search under that or positive cashflow investing and you’ll find that its getting a lot harder (though not impossible) to find such deals. And I suppose the secrets out too and everyone whos bought Lomas or McKnights books are all looking…[Read more]

Hey Carlin, I’m thinking Redwings saying the same thing. Accessing equity is through getting a Top-up on the existing loan/property.

And it will be too late when you wait for the market to plateau. It could be 10-20% more than today. All the experts don’t think you’ll get the 20%+ returns again in WA in 06 but at least high single digits which is…[Read more]

Greenwich Village is the yuppyville of NYC between downtown CBD and midtown – Broadway, Times Square..etc.. I reckon Manhattan must be the most expensive piece of dirt anywhere in the world – and the river/harbour doesn’t even look that nice. Heres an extract I cut out re John Jacob Astor. I think he was worth $40M at his death in 1848, worlds…[Read more]