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Did you see Kevin shaking hands with the Governor General today he had the upper hand he he….Kevin definetly fails the eye contact big time….
the lady in the photo has the upper hand…
Not exactly off topic as you quite often shake hands with those that you do property investing with agents, vendors, buyers, loan officers etc its one way to assess their character, customs agents and other professions put a lot of emphasis in reading body language, an ozzie guy forget his name is very prominent in the body language industry he has wrote loads of books I have met him he is a big property investor and him and his wife use body language to suss out good deals he has coached President Putin who always gets the upper hand…
I shook his hand and he had two quick pumps and good eye contact…he he
Milly, no worries we will all do well up here in the smart state and I know that Reisdex is definetly not the be all and end all.
Kevin Rudd okay he didn't have to look at me althogh he should have but I am concerned about his handshake not expecting a bone crusher either which is worse but a firm one from a leader is to be expected.. Body language is 90% of communication at least I made sure I had the upper hand when we shook. Watch when he shakes hands with Bush as Bush always goes for the upper hand he did every time with John aka Mr Sheen and Tony Liar.
The one with the "upper hand" during a handshake will appear on the left hand side in a photo or on the telly watch them jostle but Bush always gets it. . Although Arnie the terminator did get the upper hand on Bush last time they shook.
Jon, good neutral analysis what it tells me is that Houses or Units its all good…..even better if you can wangle it that you arent putting any money into the deal…if you can do that then houses are better (joke).
Hleung I am like you I previously chopped and changed and have now settled on new H&L Packages long term buy & hold get my cashflow from work. I have noticed that some investors get very defensive of their strategy and insist that theirs is better than yours and go to great lengths to demonstrate this. My view is that there are many ways to make a Motza and use whatever one makes sense to you eg. I dont have the bottle to borrow for shares and I know that this is a wealth generator over the past few years, I ahve no problem borrowing 106% for houses though.
Perryjud, my bit of free advise to you (and its only worth what you paid for it) is do your projections on normal rent and if it works for you then go ahead and treat the corporate rent as cream….if you would struggle and you did say you had low income then maybe something more standard menu better for sleep at night factor.
Latest report by the National Institute of Economic and Industry Research says that Brisbanes Gross Regional Product will double from $89b a year to $203b a year in 2026, a 54 % jobs growth which is more than three times the citys planned population increase, excellent news for all Brisbane house and unit investors both will do well.
Apparently Brisbane is the second fastest growing city after Phoenix in the western world.
Forgot to mention that the other reason for investing there and the response to your query was that Residex ae predicting 15% growth pa for next 8 years and I also have a 10 year leaseback on the house once built. even if theyre half right that works for me.
Milly, no dramas I didn't say that Residex was the only way to go only that I use it as a guide for suburb selection whatever method you use is up to you and it probably stacks up to. I am interested in future growth not previous so if they were farms 10years ago that doesn't matter to me. I got my first QLD residex report in 03 and have managed to get various updates since and if anything they have understated growth in the QLD suburbs they report on I know that there has been problems in other states.There aint anything wrong with Chermisde either or any of the other SEQ suburbs that are mentioned in this forum its all good so each to their own I dont think there is a right or wrong way. I to have inner city properties closer than Chermside and am well aware of the advantages of inner city investing in Brisbane.
Yes I know how big QLD is I have travelled it exstensively and also lived in Bris, Cairns and Townsville and worked in most areas including Ballera, Karumba. Mt Isa, Roma, Dalby, Karunda, Emerald, Mackay, Gold Coast as well. But I do prefer SEQ for investing in fact in 03 when Residex was tipping regional QLD I didn't buy there but with hindsight wish that I did.. I have lived arounnd most of Australia including Victoria and QLD is light years ahead when it comes to regional travel as they have airports with scheduled flights to regional towns you cant do that in Victoria unles you charter an aircraft. Driving to the shops for the paper is something that the majority of ozzies do cant see them stopping that in the short term. I walk to the shop for the paper though and always have but I aint an ozzie my wife and neighbours drive.
I didn't talk about future infrastructure but in the area that I recently bought Ningi the Main road has had major upgrade approved with construction complete in 08 which will include lane duplication all the way to the gateway arterail whcih is also scheduled for widening, the nearby marina has been purchased and there is a major upgrade planned for that to as well as luxury apartments etc. and is also adjacent to Pumicetone passage a listed marine park I got a 1/4 acre block next to the creek it was the land size and water feature that got me.
So if Residex is not for you thats cool I am sure there are many good investment areas that are not included on their list that will work out very well for you.
I'm off to get the paper now and yes I am walking. Last Sunday I went on teh weekly pilgrimabe to get the paper in Oxford St Bulimba and guess who I bumped into coming out of the church Kevin Rudd I shook his hand as well (wet fish handshake and no eye contact by the way, not a good sign) and I was on the telly. If I had driven I would have missed out…………………………..
Kevin and family were driving for the record.
Hey simbaact consider transferring into a trust and getting maximum loan 106% if you can and the interest will be tax deductible and you can use spare cash towards new house to live in. Depending on state you may have to pay stamp duty on transfer but it can still be worth it in the long term.
John Howard will be looking for somewhere to live and Kevin Rudd might rent out his house in Norman Park Brisbane.
Bossdog, I have looked at a few buy and hold deals in Sippy Downs and have been following the market closely but bought elsewhere. My friend has bought an IP there June 06 2 year old 4/2/2 360k rented at $390 and I will be seriouly considering buying one there when I am ready to buy again. The prices are increasing since I have been looking and the rental demand is very strong and you wouldn't hink they were rentals as very well kept lots of home pride as most tenants long term to get into the school catchment. The last land release is about to happen and then there will be no more new land blocks.
Compounding interest makes a big difference to the earlier calculations both in gain and ROI and if you borrow the lot what does that do to the ROI or CoC?
There is risk in everything you could play it safe and do nothing.
I have no problem borowing the lot for houses but dont have the nerve to do that with shares.
At least its legal and if it doesn't work out you dont get locked up its only other peoples money after all, six strings on your guitar, blue skies and start again this time more the wiser it doesn't really matter if your wealthy or not. I am here on a working holiday and I arrived with a backpack anything more than that is a gain.
If you sail close to the wind thats up to you and the only thing you need to know is that is what you are doing.
Keep your own house in order and dont worry about all those bogy man investors that are about to come tumbling down around us.
If the market turns its only going to impact on you if you have to sell if you dont have to sell it wont impact on you.
Adelaide Rental Yields (September quarter, 2007) Suburb Median House Price Rent Yield Smithfield Plains $162,250 $223 5.72% Munno Para $181,750 $232 5.31% Holden Hill $200,000 $233 4.85% Hackham West $215,000 $247 4.78% Pooraka $266,000 $299 4.68% Hackham $220,000 $247 4.67% Gawler South $225,000 $248 4.59% Trott Park $275,000 $303 4.58% Huntfield Heights $225,000 $247 4.57% O'Halloran Hill $281,000 $303 4.49% Source: REISA/Adelaide Bank Market Update If you go for Brissie try Beenleigh and surrounds in south and Morayfiled in North under 300k cheapie listings are in Quest local newspaper
Morningside, Norman Park, Murarrie, Newmarket, Highgate Hill, Ashgrove you would get a really nice house for 900K.
You could proabaly get a good house for that in Bulimba, Hawthorn and East Brisbane. I did for less.although that was 10 months ago.
Sippy Downs is performing well although not CF+ve and defintely worth a look if you are going to Noosa. Rent very strong good long term tenants as they want in the school catchment
Katrina, PM me with investment detalis and I will send you the holding cost report.
We are also now in the cycle of metal and this has been very auspicious for me being in pipelines and I am working on the aquisition of a steel importation company fingers crossed
I am the great Master from Jockland, I know a little about it
If I am reading it right then if you were to live in this house not good as you are strong earth and brick home is earth to much earth.
I dont know if I would pay extra 10k just becasue its brick, two houses are rarely identical assuming its an IP if you put it into a property calcualtor then look at the ROI that might be the best acceptance criteria. If you dont have a property calculator PM me with the details purchase cots, rent, rateas, approx building value, tax treatment and I will run it through one for you. I also like to look at the aspect of the house as well NE preffered western side shaded high side of street etc the land size might persuade you either way as well.
Good to hear from you Worldchanger and even better to hear that your US stuff is coming along and your out there doing it. I think the fact that you are out there and are supervising things is the only way to do it. The Habitat thing what a ripper you always were humane,
I am going to a wedding in NYC next year and the groom wants to do the buck night in Fla and is absolutely insisting that I buy waterfront down there, my uncle is there now and they are saying once in a lifetime opportunity right now.
What they are about to find out is that the only thing left for me to do in the US with property is to organise the bucks night in Buffallo and then point the lads at a few oxygen thiefs that are still operating up there my cousin is ex para, best man works in prison service early repsone and I have a few connections in the Irish community, know what I mean, I think its deductable to
Remember the Alamo!!!!!!
I have a couple of Queenslanders that have been renovated and built underneath they were both purchased as PPR and they go well with my furniture which is large antique and I just like them and being from the UK their character appeals to me more than a brick dwelling. In Chinese astrology my element is fire and my wife is weak wood so a wooden house is good for both of us if you belive in that stuff. From a scarcity point of view as time goes by they become more scarce and will soon be antiques and hopefully will be more sought after. I think the building underneath bit is an excellent way to double the floor size at low cost. Underneath is normally nice and cool and shaded for the QLD summer.
The first one we done up was our pride and joy at the time and its now a rental and I must admit that it is low maintenance in that polished floors and VJ wall panelling is very forgiving and the odd tenant bump and scratch doesn't matter.
Down side is that they will need painted now and again some say higher maintence but I havent found that but dont forget I done major renos as well. Older houses pre-85 cant be depreciated.
I am now in the process of building a new IP and its brick and tile low set the theory being that it will be lower maintenance and also fully deprecaiting. In the future I will probably continue to invest in new brick and tile homes and live in Queenslanders.
visual, the way to do it is to retype it into excel as this also cuts all the fluff out and you cant sort etc it works real well and I just emailed one to you that fell of of the back of a lorry. I would be interested in chucking in a few bob but I have just bought and since the areas I am looking at has 15% per year for the next 8 year I will probably buy there or another top suburb anyway. That wont be until Easter next year at the earliest.
If you are really struggling to buy the report then for a small investment in some junior iron ore miners I think you will get a good return if you buy now and sell after the price is renegotiated 30% higher in December hopefully.
