G’day Michael Whyte,
I don’t want to be a pain in the ARSE,but can you
please explain to me how you live FANTASTIC, on $45k gross a year?
My bum is hanging out of my pants,living on $80k a year.
I also own a property in North Narrabeen.Belongs to my superannuation fund.Yours cost $650k, mine cost $36k. Damn and blast!!!!!!!
And you’re into managed…[Read more]

G’day Yack,
I don’t know how you can call it “spreading the risk” when you’re talking about four backwater properties.
I would imagine it’s the other way around.
Hunters Hill,you would have no problems renting to quality tenants.No riff raff can afford to rent within miles of the place.
All your renters would be show ponies. All show,top…[Read more]

G’day Richmond,
Sorry super sensitive Richmond. I didn’t realize you’re now a news man.But.You have to admit to the hype of those current affair shows.”You”lot trying to out do the other”mob”.If I’m home in time for these type programmes(compulsory viewing),I watch the best story on what ever programme going.I flick all the time.This way I see…[Read more]

WayneL,
You’re right. I’ve put my money,at the moment, into share trading.
Because I’ve purchased my dual occ.three years ago, my rental returns are 6.9%.
To buy a rental today,for todays returns,would be heart breaking.
I sold all my other rentals two years ago. Just when everyone started to whinge about property being too expensive. Prices have…[Read more]

Scremin,
People use credit cards because they’re broke.
They know as well as you, and everyone else, the implications of credit cards. They are not stupid.
If you’re dead broke and something goes wrong or breaks down that has too be remedied immediately the only alternative is the credit card.
This has happen to me on occasions.But you pay them…[Read more]

Pickworth,
I can’t agree with you or Richmond. If you earn nothing,then that’s what you have.NOTHING.
You must generate a decent wage to afford to live.
No decent wage,no good things in life.
The best investment you have is your JOB.If you can’t live on your wage,then you’re history!
Trying NOT to Waste your wage is the trick!
This is why you must…[Read more]

Scremin,
Thirty years ago you couldn’t go from Yokine to the beach in fifteen minutes.You must have an aeroplane parked in your Morley back yard.
As a once resident of MT Yokine there was no chance of achieving that time.
Any new express ways(or fly ways) built in the last ten years?
Morley,in those days,with the first suburban shopping centre…[Read more]

Twilight,
For years I’ve been with CGU insurance.They have changed ownership recently. I don’t know if they’re any good. Never made a claim. Until you make a claim you can’t tell the good,bad or ugly insurance companies.

bruham.[withstupid]

On the northern Beaches of Sydney, house prices have definately dropped.Some mates of mine who are selling, can’t attract people even to inspect their houses.Buyers are just not interested.
When one did receive an offer, the offer was ridiculously low. Claims he would rather burn the bloody thing to the ground before selling at that offered…[Read more]

I was one of many who built the Exmouth(US)Communication Base in the north of West Aussie, with besser blocks.
The place was built to be atomic bomb proof.And it was!
Double row of besser blocks,reinforced steel and filled with concrete.Concrete roofs.Triple glazed windows.
We made a building error,so we had too cut a hole in one of the walls.I…[Read more]

Domo,
You must have been up all night doing your research on that list. Well done.
You impressed me so much, that I down loaded a copy for myself.
Thankyou.

bruham.[withstupid]

Yack,
That’s the first laugh I’ve had all day.
Not only a sense of humour but quick with it as well.
I must admit that this website does become a bit stuffy from time to time.
Nothing beats a good laugh.

bruham.[withstupid]

Tools,
My PM receives the rent in the middle of the month, I receive it on the first of every month.
Less,of course,his fees.
Timtam and Thecrest are right.

bruham.[withstupid]

I sold my three units just over a year ago.
Reason. Everyone was on about the pending property bubble bursting.If there’s too much talk about any one subject,then, people will talk the situation into happening.Over supply of units, rents will fall,prices of units going to crash etc. Doom on top of gloom.
The only investment property I have is a…[Read more]

Daryl,
There’s quiet a few property portfolio management
software options out there.
Me, I prefer Somersoft’s PIA (Property Investment Analysis) software.
It’s part of the Jan Somers website.
http://www.somersoft.com.au
Go and have a demostration, then you can decide
what’s what.

bruham.[wacko][withstupid]

FW,

The girls at work all wear thongs, Not one of them, wear them on their feet!!!!
Just my thought!!!

bruham.[wacko] [withstupid]

If you don’t believe Monopoly,just ask Paul Keating. He stuffed up by being the one to knock neg.gearing on the head.Didn’t last long before his about face.

bruham.[wacko] [withstupid]

Derek,
I’ve done the same as you, but in the last two years I’ve become a firm believer in budgeting.
Everything I now do has to be in some form of a budget.My life has become so simple due to having budgets.
My business budget, taxi driving budget,job budget,and household living budget. All through keeping budgets.
By keeping budgets I’ve…[Read more]

Maximus,
You’re right, I did put one “o” too many.
$1,500,000 is in cash earnings(after tax),year after year.
This figure is my absolute minimum amount I’ll expect to live on.
Remembering that you must keep investing until you die.That is you save at least 10% of your interest earnings to re-invest.Keeps you ahead of inflation etc.
How you earn…[Read more]

Simon,
One bedroom units are the way the experts are saying to go.
With more people living on their own, it seems logical to go the one bedder’s way.
But, what I hate is the strata fees.Every unit is another corporate fee. Most one bedroom units strata levies, in Sydney, are around five hundred dollars a quarter.Two thou.per year.If you own three…[Read more]