Forum Replies Created
bruce
what you say makes sense. lets see what happens. in victoria however we seeing better transport infrastructure mostly roads servicing regional areas. see the geelong rd and hallam bypass and extension of the eastern freeways as examples.
also more younger people are moving to the country. bendigo, ballarat and geelong have +ve pop growth.
babyboomers are living longer and healthier plus they will have the size and wealth to be a major loby group. lets see what happens
but yr points cannot be ignored
cheers
a true friend is someone who listens to me when i talk about property. otherwise they can go jump!
kay – i agree. the tone is a bit of a worry. especially the bit about ‘better’ friendships because you are financially free.
rugby fan
yes mate and the sky is falling in…
im surprised sydney wont be in the third world in a few years….
if the system works, money goes to areas that need it!
thats why we have elections!being a rugby fan you probably vote liberal(federal) so theres where you can start!!!
must admit i agree with fitness and 100 pct with steve.
if your growth personally and financially is different to your family, friends and peers it can be a difficult thing for them to handle.
once i understood this i learnt to manage my relationships better.
i reckon steves reply was spot on….
damon – im not sure why you went to see a planner. there are only three assets classes open to the average jo. you dont like shares/funds so all you got left is property and cash??? what else do you want to hear??
it sounds like the planner is giving good adevise although he needs to brush up on his salesmanship!
to the first bruce – i blve you will see more infrastructure being built in baby boomer areas. more hospitals, more cafes, better transport etc
richmond makes some good points
a few tips however. in order to make my interest payments the first thing i did was keep 10k in a seperate bank acct. due to the seasonal demand you need to have this buffer and then you just top it up when you get yr rent.
secondly a good way to rent out yr holiday house is a letter drop in yr local area. the ideal situation is to gey 10-maybe 20 families interested in yr house. if these same people take a bit of ownership and you treat them well you can get a client base that will be regular renters and just as importantly they will look after yr house!
i agree with kay henry.
im not sure if the map participants are doing well, but for all concerned i really hope they are.
the map program was aggressively marketed on a tabloid tv show stating that people will be turned into ‘property millionaires’ very quickly under the tutorledge (spelling) of steve.
it wasnt subtle, it didnt mention fluffy things about being better investors and better people – it was a pitch with imotive messages like ‘millionaore, passive income, achieving goals etc etc. if you throw the pitch be ready for it to be hit back!
this is not a critisism just the way i see it!
i agree with westan and housesonly
rememeber the majority of babyboomers have still yet to retire. this is a generational trend that is here to stay for a few decades…
i also reckon with terrorism, sars, and the fact that people are a bit ‘travelled out’ we aussies will be looking more in our own backyards for holidays. also its cheaper than overseas travel.
chan – its ok. i was just commenting lightheartedly and you understand that, so no heart feelings.
by the way you should check out my grammer sometimes – not pretty..
hehe
sorry mini i cant debate you on this one. when i wrote lucky – i didnt mean you were lucky when you found them i just mean that im not sure there are still heaps of 20 pct + properties around even in nz anymore. talk of a housing bubble there also in the news! i could be wrong though!
anyway i thought i was sticking up for all you/me +ve cashflow guys!!!
hi jars
heres why a holiday house is a great thing to have.
if its done properly your holidays are for free, you can make money and you can have somewhere to retreat to whenever you want.
holidays are for free! or close anyway. before i bought my holiday house we spent about 5-6 k per year on holidays. no longer. rememeber this 5-6 k is after tax. i have to earn 10k etc etc
secondly my holiday house has appreciated in value by abround 100k in 2 years. 100k is a lot of holidays. 20 normal holidays for me and the price is still going up
therefore by making this purchase i sumize that my holidays for the next 20 years are free!!
thirdly – you can negative gear
fourthly – you can earn an income
lastly – im sick of travelling. everyone i know who are generation x’ers have been everywhere. ive been to 34 countries on last count. my wife similar.
nothing wrong with a place you can set down some good old fashioned holiday roots. and if in ten years time your bored – sell. my kids are gonna grow up surfing and enjoying nature – and so will the old man….
again if yr cashflow allows it – go for it!!!
dont feel guilt – feel happy youve realised its a great way to be even richer! in more ways than one!
pisces and yack
g’day if your question is could we really be bothered trying to find +ve cashflow properties in this market, and if we do find them are they likely to be dumps – then i agree with both you and yack.
yack – thanks yr reply but i disagree. i agree that they are harder to find. and i also agree that what may have fitted the 11 second solution 5 years ago probably doesnt now.
but thats not the arguement. the question asked or infered relates to if positive cashflow is a good investment choice in the current market conditions. the answer is yes.
i dont understand how having more money at the end of the month can be bad for you.
then we get into a new question about portfolios, captial gain vs cashflow etc etc
chan – excellent last line – well done!!!
thanks yak
you dont like rural properties and the 11 second solution – that is understood. no problem.
however the cornerstone of this website is about buying cheap rural properties that at worst fit the 11 second solution.
my point is that if you dont like the 11 second solution you never will regardless of where the market is heading. this was the question posed by pisces.
rancid – 5 houses in 5 years – thats alot of stamp duty and associated costs…
i dont know too many people that buy and sell within 1 year and come out infront
cheers
REAL CASHFLOW PROPERTIES – CMON GUYS 15-20 PCT. WE KNOW THE ONLY PLACE YOU CAN GET THEM IS NZ AND THATS IF YR LUCKY. ITS LIKE SAYING THAT MY STRATEGY IS TO ONLY BUY STOCKS THAT WILL GIVE ME 10 PCT DIVIDENDS AND SIM CAPITAL GROWTH. IF YOU CAN FIND 15-20 PCT DEALS IN THIS MARKET THEN FORGET ABOUT WHAT YOUR STRATEGY GOING FORWARD IS – THIS SHOULD ‘ALWAYS’ BE YOUR STRATEGY. BY SAYING 10 OR 11 PCT IS NOT GOOD ENUF THAN WHAT YOU ARE ALSO SAYING IS THAT THE 11 SECOND SOLUTION IS NOT GOOD ENUF AND THAT THE ENTIRE PREMISE OF THIS WEBSITE IS IRRELEVENT.
g’day jarmbie
did your offer contain a clause saying subject to buyers acceptance of building inspectors report or something of the like. this will give you something to negotiate with.
on the other hand – just about any property will have a few problems with it after an inspector has gone through it with a fine tooth comb. if the problems with the property are minor problems that you should expect with a property of that age etc etc then you probably should have thought about that before you agreed to a price.
cheers
