Brissyguy replied to the topic What do u class as a millionaire… in the forum General Property 20 years, 10 months ago
Hi Kay
Well I’m off to Italy….I will be an absolute sqillionare there
Regards
Neil
Brissyguy replied to the topic What do u class as a millionaire… in the forum General Property 20 years, 10 months ago
Hi..for my 2 bobs worth, I have always thought more globally and to my way of thinking to qualify as a millionare in Aus would require $1,320,000 AUD approx in uninumbered equity.(Assets minus liabilities).
That is equivilant to $1 million US (The benchmark currency).
Regards
Neil
Brissyguy replied to the topic Commercial property & Motels investments in the forum General Property 21 years, 1 month ago
The ultimate aim is to own a freehold and lease it out.
They sell as leaseholds at a price which is roughly equivalent to the annual…