I actually say this all the time with a small but i feel significant difference.Working for the man is for suckers.I've been an employee of quite a few different organisations over the years.  Not one of those jobs has paid me what i believe my actual worth is, I have rarely felt job satisfaction, managers point the finger when the shit hits the…[Read more]

so, if the idea of averaging 10% growth over the next 30 years is absurd, then what can we expect?What I mean is, I'm yet to join the property market and from a lot of books the strategy seems the same.1. Buy2. Wait3.  Buy more against equity4.  Repeat.Now if a huge downturn can be expected…or even a long "levelling off" period where things s…[Read more]

so what happens next?

well, the power of negative gearing depends at least partly on your income.  Obviously someone on minimum wage would be in a world of trouble here.I think more information is needed for this one.  Annual income (both rental and otherwise) would be a good start.

i think what people are trying to tell you is that the wrapper and the wrappee are two very different people.  Both get something out of the transaction, the question is which do you want to be.Wrapper gets $$$, lots of it.  A wrapper is looking to make passive income, a wrapper is looking for financial indepedence.Wrappee's on the other hand a…[Read more]

Thanks very much for all that.  I'll definitely be contacting an accountant to get some of the finer details sorted out.  Any recommendations in brisbane?and yeah, brisbane still feels way out of my comfort zone, and i'm dead against units and townhouses because1.  buildings fall down, land doesn't2.  Units don't allow me to add value to the…[Read more]

thanks for the help so far guys.  Just a couple of queries.1.  first home owners grant.  I won't be living in it, so i couldn't get it….right?  Fiancee is not a permanent resident, so she can't get it, so what's the ruling if we bought a house together?2.  Rural areas.  Yes, i'm aware of the problems with rural areas, but I'm confident with…[Read more]