Forum Replies Created
great pay for not much work and no degree…..the financial sevices industry. Stockbroking, insurance sales, finance broking, realeste, most types of intermediaries…
so i guess to narrow down – brokers and traders…
mostly rich kids who failed vce or didnt do too well and thus cldnt become doctors or lawyers.
Lots of nepotism. You need to look sharp and talk sharp and know instinctive things like what motivates people.
So if you want your kids to be rich (not my aim for my child) you could do worse than teach them the niceties of life, how to act, eat properly, and look good in a suit and then door knock all the industries advised above – even if there 17 and not yet finished school.
First step is to change your mindset. You ONLY have 100k. 100K is alot of money!!!!!!
So i would approach this problem as follows – repeat I am very fortunate to have 100k cash….whats the best way to live decently and at the same time grow my asset and income base.
Fortunes have been made starting with much much less ask the owner of this site. Your strategy should depend on many other things like your overall income, your age, your goals and your appetitie for risk.
But i think your first goal is to understand that you dont ONLY have 100k………but you HAVE 100k……..which is a fantastic position to be in especially if you have no debts (im reading between the lines here)
anyway good luck..
I am a high income earner and an extra 4,500 per year equates to servicing an extra 60 k on a pni home loan. This is huge. Houses are now 60k more affordable for me. Its the equiv of 8,500 per year pay rise (b4 tax). Its the uquiv of a 1 pct interest rate reduction. Its big. But then again only 5-10 pct of wage earners earn aboove 100k so maybe the effect will mostly be in high priced homes.
Good onya Foundation. 1Winner (aka Marc1) likes to label anyone whos not a right winger as a Che Guevara wanna be!!
I agree with all your points. I too think the market has been specualtive and i too far from being a communist (although i believe in humanity) have redirected my investments into areas that make more sense in the current climate.
A property investment forum needs balance, not sycophants – keep up the interesting postings!!
heres one
‘A man opened a door and new he was gonna die’
why???
i can only give yes or no answers
phil – do you have a vested interest in talking up the market especially for new houses???
DD
congratulations for being in print – you are obviously successful at what you do!but unfort your last post sounded like an advertisment.
‘warm bodies’ ‘analysis paralysis’ – the only one you mised out on was ‘rent money is dead money’.
i think what everyone one needs is balance – not an obvious sign of prejudice one way or another.
with reagards to building something under current market value – thats fine if the market is legit!! if the market is in a bubble or inflated you would need to build 50 cpt under the market value for the thing to be worthwhile.
I personally believe people will maek money money from realestae in any market but i also believe the deals are harder to find and the risks are super high. So which one is it ‘analysis paralysis’ ‘or the turtle always wins??’
ok heres mine
1. When considering an investment understand that everyone has an angle or a particular barrow to push. Once you understand the motives…. you will gain insight into the truth and hopefully into the true value of the investment.
2. Dont follow short term fluctuations – its the trend that counts.
3. If you bight of more than you can chew and then chew like hell – you might end up in hospital getting your jaw rewired. Be like the French – small bites – enjoy every mouthful – find pleasure in the journey!
contact leigh mathews..
Id just like to add ‘SENTIMENT’ to the equatiation (helps dictate demand!!)
Sentiment is sometimes the overridding factor when considering changes in demand…
looks good – yep the mining industry is full steam ahead..
congratulations.
getting there – me too!! please send me the details either by PM or how about starting a new thread outlining the details. bet you wont!!
Yep, Mc donalads are the biggest private property owners (by value) in the world.
I think one needs to differentiate between
1. jesus (god), and the church
2. The catholic church and other churches.Protestant churches (all the rest) were and still are in some ways a reaction to the excesses of the catholic church.
If i only had the key to the vaults in the vatican. Property ownership is only one of the myriad of interesting and infamous inconsistencies of this house of worship.
at the end of the day the church is run by fallible human beings. The church was the most powerful body in the world and you know what they say about power.
tonight on getaway there is something about the Davinci code – should be good for a laugh…
chapel street is so passe. Its very michael jackson. Try ackland st, brunswick st, smith street, high st (nothcote)
hehe. alright bring it on you nightclubbers!!!!!!!!
nice try, getting there!!!!!!!!!!
how do you spell SPAM
yep – try southbank or south melbourne. lots of suited types.
Marc – see youre stirring people up again.
As i said earlier, there is some correlation between rent and interest rates but not that much. Supply and demand is the major determinant for rental yield.
Marc – dont turn this into an US against THEM ideaological debate about the poor being programmed and only the strong will survive.
cheerio
im in melbourne and i have 101 – play it with my wife. we played for 3 hours and only once landed on a ‘market’ card so it took a while for one of us to get ahead. played it a few time now – think it would be better with more players.
lets go easy on turnby. its a fair enough question if your just starting out. I seem to rememeber asking the same question 2 years ago. Unfortunatley turnby the reality is that there arent many cashflow towns left in australia and if there are they are a fairly well kept secret.
its funny – some of these towns can be so small ven if 2 or 3 people from this forum jumped into the market at the same town – it can be enough to push the prices up so that they are no longer returning 10 pct or more. thats how finley balanced the market can be in rural australia. I reckon steve mcnight and this website have added millions to the overall wealth of rural victorians. steve you should be given an OBE for contributions to rural Australia……
im not kidding!!
ok Turnby – you go first!
