trigger22 wrote:
Hi Everyone,Just after your opion on my situation, regarding what you would do. What would be the best option.Im 25 years old. I brought my first house 2 years ago by myself and live in it. I have $165,000 remaining on my loan. The house im saying would be worth $250,00-270,00. I've done alot of renovations to it. Im currently…[Read more]

Overdeveloped…..will take decades to normalise.I can think about hundreds of better cities to buy into.

Sell drugs?

Demand for rents is hot with most people securing at least 1 year contracts. Also most palces are leased within 1 day.

Perth has certainly slowed down but the numbers don’t add up for the boom to stop. too many people are coming in every day and not enough established property to keep it affordable.

Plus the whole i’m not rich but i want a massive 6×4 to make me feel better is also making things go up in areas in established areas one hour out from the city.…[Read more]

AFL Grand Final is a joke as soon as it allows a higher members allocation and less corperates then it will restore itself as a major sporting event in Australia.

Eastern European properties will all go up in value dramatically within 5/10 years. Poland is a very good place but with this new revolution the country most people talk about its Bulgaria.

If your interested i don’t see how it can’t be done but i think having someone on the ground in Poland is an absolute must.

Don’t see how it can’t be done though.

Are you earning more money since your first purchase? If so then just borrow more money but also having a bit of equity also helps but it comes down to how much you earn.

Its very difficult these days.

The time that book was written the market in Australia was in a very different situation so its still possible but very difficult and risky at times.

In the last 2 months the Perth Property market has shown signs of “cooling” But IMHO the boom is far from over.

Still over 1000 Skilled migrants coming in every week and still little establish proeprty. If you do some research still many areas where you can make a lof of money.

Ahh Craig Turnbull good speaker. Its hard to predict as someone who works in the industry the mining boom aint ending anytime soon.

Well mate you will 450k-500k to live in those areas but if you do buy I suggest your right about Thornlie a bit undervalued but around the Gosnells Armadale area is your best bet. If this is out of range i suggest look around the Maylands/Vic Park or Wembley/Glendalough 70’s type Apartments. I know they are apartments but the growth has been…[Read more]

250k won’t buy you a 3×1 house in Western Australia.

Look for apartments close too the city. Perth is restricting development unlike other cities. Its probably best just to get your foot in the door ASAP is my honest opinion.

Ok well lets get this started! Anyone suggest a meeting point for the first get together?

When i have 100k a year income coming in from properties a Porsche and a 120sqm Beachside apartment while still living life to the fullest (travelling ect) then i will consider myself to be rich.

I’m 21 so i am targeting late 30s.

I would be extremely keen on something such as this.

Perth is probably the best state for something like this with many young people getting rich through property.

Still parts of queensland which are good. Unfornuetly Perth is good but you basically need about $1 000 000 to start investing in Perth these days HAHAAHA.

The RBA has to be careful if Interest rates increase then rent prices could sky rocket also if Petrol keeps going up it may be another reason to keep another rate rise down.

My 2 cents

I’m 21 with 410k portfolio and a nice buddy share portfolio. But i’m in Perth so it might be hard.

http://www.iaspire.com.au

Craig Turnbull never done one of his courses but excellent speaker