Forum Replies Created
G'day EH,
The new infastucture is being built now.
There's the Gateway duplication going on.
There's the completion of the second bridge across from Brighton to Woody point. Called Houghton Highway.
Plus they onto digging the new tunnel etc being built between the airport and the city of Brisbane.
This must put "us" in the right spot at the right time. Sad it will be a toll road.
This is all good news for "us".
EH, i'm in Narrabeen as i only live and invest near beaches.bruham.
G'day E H,
I invested in Scarborough Qld in November 2007.
I couldn't find any part of Scarbo. or Redcliffe that was not up to scratch. although i did in Deception Bay.
Like you , i didn't know the area at all. I'm from Sydney.
I went looking in Wynnum area. All the so called property experts predict Wynnum to be a hotspot.
Absolutely hated the place. Like living in western suburbs of Sydney. Asked the locals about the place. Told them i was thinking of living there. (no way in hell would i ). Mudflats and mosquitos.
Looked at a street directory, saw redcliffe and Scarborough.
Scarborough and Redcliffe actually have real beaches.
I prefered the beach side of Scarborough. It is more natural than the Newport part.
I bought in James street Scarborough, just around the corner from Queens and Queens North beaches.
It's like Sydney's Northern Beaches were twenty years ago.
Hope this helps.
bruham.G'day L.A. Aussie,
The news over here is all about LOW DOC loans going belly-up in the U.S.
Seems to me it's just too easy to stretch the truth when you are going to borrow.
Me, I'm at it all the time.
I'm half way through building two full duel (dual ?) occ.constructions. To fund this project i had to borrow on a low doc loan. And the loan claim, to my actual income, was MASSIVE !
I hoping to sell one full dual occ. so this will bring me back to no debt.
This might allow me to look at the U.S. markets.Waynel2,
Don't get me wrong, i love Cairns. The weather wasn't the best, but bad weather of 25 degrees is nothing to bitch about. "T" shirts and shorts weather with some rain.What worries me is that every man and dog are up here building housing estates all over the place.
I struck one of you "sandgroppers" here. He's building thirteen hundred house sites, starting next month. Cheapest block is $130,000 the average price is $145,000. The land is on the low side of Smithfield.Land on the high side of Smithfield, by another developer is $220,000.
The "sandgropper" is bragging about him being W.A.s largest home builder. Goes by the name of Slatterey Property group.
This site is not in the previously mentioned 2,000 sites or the 500, or the 300 building sites etc.Remember I'm only looking in the northern suburbs of Cairns. These the better areas of Cairns.
My brain keeps telling me that the only industry that is keeping Cairns alive is tourism.
THAT'S THE PROBLEM.
I would live there tomorrow given the chance. Which could be soon.bruham.
G'day zenq,
You mentioned that Sydney and Brisbane are dearer than Cairns, well in some cases Cairns is as DEAR. In Manly on Sydney's northern beaches, a home unit over looking the beach sells for one point 2, 3 , million dollars.
Today i checked out a three bedroom "apartment" over looking the "lagoon" on Cairns water front. The building is bring marketed as the Trilogy complex. Four blocks of units of eight or nine floors.
Price one point 2 million dollars, for a three bedder. And nothing special.How can Cairns expect prices like these ,when it's only got tourists ?
I also went through many new and old suburbs trying to find a bargin. not a hope in hell.Go to Cairns beach suburbs like Trinity Canal, there are blocks of land selling for 800,900,1 million dollars a block.
Some smart property investor once said that you can't be serious about investing in rural towns. Capital cities are the way to go.
One slight hic-up and it could be "curtains" for you.L.A. AUSSIE,
I see properties in all parts of the U.S.(on the internet) and i'm inclined to jump an aeroplne I come for a look.
It looks very inviting.bruham.
G’day W4L,
Ouch, you know how to hurt a guy. That was nasty W4L.
I married nasties like you (women). Three of them – not all a once ! And they all “got” me for just over one million each when I axe them.
Have I leant my lesson- no way, I’m on number four !!
For a valentines day present(to-day) I bought her a new HONDA lawn edger.
How lucky is she !!! (True story).Getting back to your first post on the subject, that newspaper story on Sundays papers, The next day the other newspaper was telling “us” that Sydney aren’t building enough houses.
So who do you believe ?Wealth4Life, I don’t doubt for one minute your ability to live up to your W4L tag. You sound like a very capable, strong minded “little love” – woman. ( if there’s a number 5 , I’ll check you out).
bruham.
My goodness fellers,
If you haven’t heard of Dale Gatherum-Goss you must have just popped out from under a cabbage.
He’s been around for years. He has a very large following.
Try the web site of Somersoft. Also past posts from this website.Chan & Naylor are another team who specialise in wealth building.
They are big on trusts of all types, mortgage lenders and let “us” hold your hand, we will show you how to become wealthy.
By selling you videos, c.d.s, etc ,etc. And of couse seminars.
Anything and everything for a price. http://www.chan&naylor.com.au
Same as Dale G G.bruham.
G’day WFL,
That mentor you mentioned, maybe you should have consulted him before buying at Campbelltown.
Not the best of places to invest in at this time. Most of the western suburbs are suffering from interest rate increases. Meaning that
PPOR people are struggling to make home payments. Defaulters
coming out of the woodwork. Campbelltown is one of those suburbs.Your last line in your last post sounds like sucker bait ( come in sucker). “I SHOULDN’T BE TELLING YOU”.
Sounds like a come on line to me.bruham.
SIS was the high- light of this website that he dominated. Every post was intelligent, with humour added.
He was young and full of life.
I bumped into him on another website. Aussie Stock Forums.
I was only thinking of him a few weeks ago. He hasn’t posted there for a while.I hope the moderators create a posting of a few of his
posts so the new members can see who we’ve lost .A young man full of fun and very quick witted.
SIS was a doer.full of sadness.
bruham.g’day pevans,
That hindsight thing has followed me all over Australia.
Never had much foresight.
I look at all my missed opportunities, it makes me want to cry.
Missed opportunities were in West Aussie, Geraldton (couldn’t give the place away). Even Perth was dirt cheap.
Then there was South Aust. The Adelaide suburb of Elizabeth.
Plus Melbourne and then Sydney. But my worst missed opportitunity was Qld. Some bloody solicitor talked me out of putting money into that state.
I kick myself when I think about it ( twice a day).So now it’s “get on with it”. Forget the past and consentrate on the future.
Where to from here ?
That’s the question we all have to ask ourselves.
Me, I’ve answered that question, I’m now into it !bruham. [exhappy]
G’day carpe_diem,
As Donald Trump says, “no hard feelings, it’s just business.”
Same goes for you. You don’t have to love the bloke to do “business”.
Seeing you are each locked in to the same situation, you’ll both have to deal with it.
The situation might turn out to have a pleasant ending.bruham.
Carpe,
Everything I own, is for sale.
Provided the price is right !!
This comment has stood me in good stead for years.
Tell him, before he makes an offer, if his offer is below your price, you’ll develop the property yourself.
This will put you in control. let him know that you’re easy to any situation.bruham.
Hell !
And I thought increasing my rents by ten dollars a week was being tough.
How can anyone increase rents by ninety dollars a week?
That would be theft at it’s worst. No one that i know could or would pay that increase.
But then it’s in a newspaper. So that’s one reason NOT to believe the story.bruham.
G’day condog,
I don’t really need to give you my opinion. You answered your own question. No lending body will touch it. That’s your answer, if they won’t get involved, neither should you.
I was badly burnt with serviced apartments. They are over priced. You’re paying your own rent for three years.
That’s the time frame for the financial side of the contract .Then it’s a new ball game, with them making the rules.You say you have a ten year lease, but that ten years doesn’t cover
the financials. Only that they will be managing the property for that time.
Unless they sell their contract to another party. As happened in my case.When the “management” decides to make changes, they don’t have to ask. They just do what they want. To hell with you.
The worst two things about this kind of investment is :-
One, you will lose money.
Two have absolutely no control over your investment.I would never recommend serviced aprtments to anyone. Not ever !
bruham.
G’day Salacious,
Yes, “BNB” is a volitile share.I love that.
To-day BNB jumped 54 cents. And as I’ve done before,on the first ten cents plus fall I’ll sell.Then when I think they bottomed I’ll buy them back. This is my way of trading shares.
I’ve bought and sold BNB a number of times.Thirty thousand shares by 54 cents gives a gross profit of $16,200.00.
I turn over one million dollars a year.I trade ten to twelve stocks.
bruham.G’day all,
I hate to tell you all. but you’re all wrong. (Actually I do like telling you !!).
On the sixth of july 2005, I bought a large parcel of “bnb” shares.
Cost $14.75 per share.
Today they are trading at $24.90 a share.
My parcel totalled 30,000 shares.
Cost $442,500.00. Forgeting overheads.
IF, IF, IF i sell today they are worth $747,000.00. Again forgeting overheads.
Profit $304,500.00. And again etc etc.
Not to bad for a seventeen month profit.
If I only sold my investment property and invested it on shares, I
would have re-couped over one million dollars in one trade.Make no mistake, shares KILL property. EVERYTIME !!!!
bruham.
G’day,
TJ, no my thoughts were that the sheep are all heading to WA buying up investment properties, they seem to think that the mineral boom will last for ever.
In fact it’s starting to turn around now. Copper prices have fallen from their high of $us8,000 a ton to $us7,000 a ton.
The yanks in 1960 accounted for 31% of copper production in the world. Now it’s only 15%.US steel demand has fallen from 35% to 12% over the same period.
Brazil is sucking up larger iron ore contracts by the year.
Iron ore exports are up 25% for the year.West Aust. haven’t got it all their own way. Brazil is starting to be a pest to our mining contracts.
As for superannuation, yes I’m a sheep. I didn’t realise that I was one of the herd.
I even borrowed money to top up my super so I don’t need any other form of investments to live off.
Closed managed funds etc to ensure a comfortable life style later on. Not much later on.I had no intentions of buying further investment properties. But to avoid being completely mixed up with the sheep, I’m doing a small size development in Curl Curl.
Absolutely my last property investing adventure.Wayne mate,
I said in another post that if I owned property in WA
I would be selling. I would be buying elsewhere. I think you are doing the right thing by selling . Especially those mining towns.In Sydney, property investors are trying to sell their property investments to put the return into super. Only got to end of June 07 to put their million plus dollars into their super. Couples one mill. each.
Unfortunately the first home buyers who have bought and can’t meet their mortgage payments and force to sell are causing prices to fall further.
Five thousand homes have been seized this year by the banks.Sydney is the best bet for property investing now.
My mate has been watching house prices fall in the Blue Mountains. Plenty for sale, but no buyers.
One house on the market ,asked $475k. Six months later asking $405k.
My mate, this weekend, will offer them $360k.
Can’t help feel sorry for the poor bastards. Having to sell at a large loss.
LIFE REALLY DOES SUCK ! (I’m now angry)bruham.
EthicalSuccess .
Sounds like a “con ‘ job to me.
Next, comes my free seminar. It will only cost you one thousand dollars for the first dozen people who sign up this minute. Please send cerdit card details now.Whenever someone continually uses your name over and over, they are sharks.
This bloke keeps telling “us” that he is a REAL ESTATE INVESTOR. It’s called brain washing.
I’ve read dozens of “let you show you the way” types of people.
Another one is, TRUST ME, I’m a christian !!!!
Or, you don’t have to count the money, it’s all there, trust me.
Believe no one, trust no one.
I’ll die by that belief.To really lower the class of this posting. A prostitute has written a wealth book. Author, author, (How do you feel Steve?)
It’s called “Sex and Money: How TO Get More”.
Must buy that book !!!bruham.
Dazzling,
How the bloody hell can Perth be the fifth dearest city in the WORLD? It just can’t keep going like that.
Think of some REAL cities of the world, and imagine comparing them to Perth. Perth is just not in the race !
I think I’m going mental thinking about it all the time.
So I won’t, it’s all forgotten.
Hell ,how can it be so expensive over there? I mean—-
It doesn’t make —- Ah <edited> !!!bruham. [grrr] [chill]
Dazzling,
My goodness the king of the “Property Investing forum” takes time out to make a comment on the old fart bruham’s posting. Allah be praised.
I felt a bit giddy for a moment- hope it wasn’t my life flashing by me.
ALL the EXCITEMENT of having a DAZZLING’S comment.G’day Dazzling,
As a ex. Sandgroper, even an ex Geraldton boy, ex. Perth person.
Ex. West Aussie hoon.
Living in the west, properties were always at give away prices.
I just can’t get my head around how these prices sky rocketed as they did. And I wasn’t a part of it. BUGGER !!!!!
I did own property at Quinns Rocks years ago, sold all for a Sydney home.While you sit on your BUM doing it hard on your oil rig, in absolute five star comfort. Air-conditioning, tea,coffee, television, cable tv thrown in etc etc. I cry for you. I’m crying.
I worked at Port headland and Mt Tom Price. NO BLOODY air-conditioning when I arrived. NEVER at P.H.
You lived in Besser block room, window was a hole in the wall with two bolts attached to the outside wall to bolt on a galvanized panel in times of cyclones. Which there were.Dazzling I have to admit to enjoying your posts. They are now the forums best. I look for posts with the Dazzling tag.You’re a intelligent person and very street wise.
All the best and good luck.bruham.
G’day ASDF,
Actually it isn’t a dual occ. block of dirt, but two full blocks of land.
The people who sold to me hated neighbours, so they bought two blocks side by side twenty something years back. Then built their dream home right in the middle of the blocks.These blocks can both be dual occ’s. Four lovely houses will be built on them.
This will take around about two and a half to three years to have up and running. No longer I hope.
So now I’m chasing the administator (don’t have a council) trying to keep everything on track.bruham.
