Hi George,

I suggest you have a look at the number of bills that were past when GW was PM. I think you will find that you have probably received benefits from some of them. Also Australia is not the only country that has a single mothers/fathers pension. In regards to single mothers don’t sterotype them. Some of them have been abused, bashed…[Read more]

If I remember correctly Arty said Pinky is a witch so he would probably end up in a hot cauldron if he’s not too carefull. BTW, Arty is Pinky a black or white witch?

C2

“Is it true the more you owe the more you grow until the bank steps in?”

Are the almighty retirement question. Is that retire from the rat race, working or just from someone elses pay check and live on a passive income. If you retire and your doing property investment, then you still haven’t retired unless you have someone else doing the paperwork for you. As for me the dream was 32, but then a few years travelling…[Read more]

Hi NATS 12, I’ve just had 3 valuations done this week and I didn’t have to pay anything for them. They were all done with the lender who the present loans are with. 2 Valuations were about 15% under what the REA has said they would sell for 6 months ago and the other was 20% over. How they work out the valuations beats me.

C2

“Is it true the…[Read more]

Hi Everybody, One of my businesses in Japan and Korea is sending students to do homestays and we always have a shortage of good quality places to send students. As some people have mentioned having an overseas homestay student can be an excellent source of additional income. BUT please remember most of these homestay students want to be a…[Read more]

LHARDY, Time is always right for investing in property. It’s how you do it that matters.

C2

“Is it true that the more you owe the more you grow until the bank steps in?”

Hi F&B, There’s nothing wrong with your idea if that is the approach you want to take. It may not be the quickest way or save you the most tax or interest, but if you can manage it and do it then go for it. Your idea was what I was trying to do when all my friends were in the -gearing mode, when I first started investing. My goal was to acquire…[Read more]

Hi LuckyPhil, thanks for the nice words. I’ve received a lot of advice and assistance from people on this forum and are trying to pay some of it back.

C2

“Is it true the more you owe the more you grow until the bank steps in?”

Hi Michael, An excellent post. My previous PM was excellent, but went on to bigger and better things (sales) same office. The new PM wasn’t performing up to scratch so a quick telephone call to the last one changed this. I followed this up with a call to the new PM and everything has been going excellently. What area of Melbourne does your wife…[Read more]

Hi LuckyPhil, Yes, DHA will lease a property from you but it can be a long process. A friend of mind tried back in 92 and after 3 different assessments was finally knock back 14 months later, although another friend had his property accepted in 4 months. He then tried to resell 2Y’s later saying he had a DHA leased. They (DHA) didn’t take this…[Read more]

Hi Brent, I was back in D during July and spent 2 weeks catching up with friends and associates. Most of these people are in the upper echolon of P/Service. The US contingent is still on the cards. I’m not going to say the base is definitely coming but it is highly more likely than not. I believe the problem has to do with security arrangements…[Read more]

Hi Arty, it nice to see that you’re still in love with your girl. I think the two of you wouldn’t really care about creating wealth if it meant losing one another. These days with divorce and seperations getting higher it seems difficult to find that one special person with whom to share the wonders of life. My hat is off to both of…[Read more]

I’m with Steve on this one. Find out first why the tenant isn’t paying, a heavy handed property manager can do a lot of damage. Try to make it a win win situation. I think a tenant who is paying $395 a week has to be on a reasonable sort of income so there must be more to this situation. How long has the tenant been there and was the tenant…[Read more]

LuckyPhil, DHA appears to be a secure investment but they do have some break clauses in their lease. DHA are particular about the area and if the area becomes a high insuarance risk 3-5 Ys later or if undersireable neighbors move in next door, this can be used as an excuse to break contract. Also, the guaranteed rent comes with an overinflated…[Read more]

Hi Carrington, I’m no finacial wizard, but I was in a similiar situation a few years back. What I did and this will depend on your current mortgage rate, was refinaced at a cheaper rate and borrowed against the equity to the value of the current payments. My payments were still the same as before but this gave me extra cash to do a few things.…[Read more]

Hi Wilko91, Thanks for the info on the 300ZX. But the bargain I really missed out on was 2001 GTO for $7K Aud. The owner needed the money and a condition of the sale was he could still drive it for 3 months. I was told on a Friday afternoon about 10 minutes after the banks had closed and the ATM has a limit of 5K. I rang a few mates but they…[Read more]

Hi picja1, You have definitely hit the nail on the head there. With the govt tying up the import market this area of imports has taken off more. I just wonder how many dozer drivers would like to drive a nice big pink and purple one. Most of the ones I see in OZ are yellow.

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“Is it true the more you owe the more you grow until the bank steps in?”

Hi Erika, 90-94/5 with the science dept. Erika do you think Cullen Bay has been a successful project overall?

Brent1, A Transient population at it’s best, the highest in OZ. I hope Darwin does take off as I have IP’s there, but I’m a little more confident into the long term growth than the next 18 months. So is a US military base going to…[Read more]

Hi MiniMogul, Whilst we’re on the subject of the good old USA The US also owes a lot of money to Japan and if Japan called that debt in the US economy would probably crash O/night and they owe UN peace keeping fees that are equivilant to all the other UN peace keeping nations put together.

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“Is it true the more you owe the more you grow until…[Read more]

When looking at an area to buy in there are a few good ways to get local knowledge (1) local police station and contact the neighborhood watch coordinator, (2) service station that are 24 HRs and talk to the console operators that work at night. They’re generally know all the local gangs in the area and what goes on at night time. (3) Pubs (4)…[Read more]