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  • Profile photo of Carl.AlexanderCarl.Alexander
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    @carl.alexander
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    September 11, 2008 - 2:59 am
    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 paying extra off on the loan and my weekly payments are $400.00 I cant decide on what to do next. Either i increase my repayments to $500 a week and focus as hard as i can to reduce my loan even more or look at purchasing a investment property at around $180,000- $200,000. Just wondering if you were in my shoes, what way you would go? Reduce the loan first then purchase an investment property down the track or am I in a postion to purchase now and still survive?

    (i only have my wage to live off and pay the loan off, i brought the house by myself)

    Thanks..

    Go Travellng :-)

    Profile photo of Carl.AlexanderCarl.Alexander
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    @carl.alexander
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    July 23, 2008 - 6:48 pm

    Overdeveloped…..will take decades to normalise.

    I can think about hundreds of better cities to buy into.

    Profile photo of Carl.AlexanderCarl.Alexander
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    October 13, 2006 - 7:02 am

    Sell drugs?

    Profile photo of Carl.AlexanderCarl.Alexander
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    October 5, 2006 - 8:19 am

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

    Profile photo of Carl.AlexanderCarl.Alexander
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    @carl.alexander
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    October 4, 2006 - 3:40 am

    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. People for years have taken up to much land also The people of Dullsville reluctant position on allowing highrise development which is also still forcing things up.

    Being in the mining industry what really concerns me is that after the Olympic Games in 2008 Chinas view towards uranium could totally change and boom could be over sooner than we think.

    My prediction is proces certainly won’t be going down anytime soon but very slow increases over a 2 year period.

    Cheers people.

    Profile photo of Carl.AlexanderCarl.Alexander
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    October 4, 2006 - 1:05 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    September 26, 2006 - 3:01 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    September 21, 2006 - 2:33 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    September 14, 2006 - 3:28 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 29, 2006 - 4:58 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 23, 2006 - 12:13 am

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

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 22, 2006 - 2:05 pm

    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 for around 250k/300k.

    Be wary of the renovated apartments but you can still find many that could use with alot of tender loving care. I settled with one in June 2005 for 132k now one sold 3 weeks ago for 253 so the results are nearly as good as the areas you are talking about.

    Good Luck!

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 22, 2006 - 5:11 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 18, 2006 - 3:37 am

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

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 10, 2006 - 8:04 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 5, 2006 - 9:36 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    August 3, 2006 - 5:01 am

    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.

    Profile photo of Carl.AlexanderCarl.Alexander
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    July 19, 2006 - 6:03 am

    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

    Profile photo of Carl.AlexanderCarl.Alexander
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    July 14, 2006 - 2:11 am

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

    Profile photo of Carl.AlexanderCarl.Alexander
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    July 13, 2006 - 5:49 am

    http://www.iaspire.com.au

    Craig Turnbull never done one of his courses but excellent speaker

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