Badgers_R_Us wrote:

CHIS wrote:
I wish I was smarter

Perhaps those that take your advice might also end up wishing this was so!

I'm doing alright in life. This is a forum for general discussion. I don't expect anybody to take my advice and I really couldn't give a shit what you think either. Personal insults on a general forum are for the c…[Read more]

Start your own businessBuild a websiteWork from homeKick @rse. Good luck

Other countries in the world are on a totally different economic cycle to America. America sent itself broke on needless wars and ridiculous lending to sub primers.Russia is boomingAsia is boomingAustralia is boomingEverybody shed a tear for the yanks and move on. It's their mess, let them worry about it

Badgers_R_Us wrote:

CHIS wrote:
It's the time of championsThis is the market to make money

Scamp wrote:
Stay out of the property market at all costs. Getting in now will ruin you for life. End of story.

There is no right or wrong time to invest because the right time can only be based upon your own specific circumstances.  At the moment…[Read more]

Property isn't the only way to make money.I see your point, however falling house prices and plummeting interest rates are the time to get into the property market. Positive cashflow deals are everywhere again. You can haggle people down as well. Go hard, pick the right deals and think positive cashflow deals. Negative gearing is no use to you but…[Read more]

Avoid blocks of land like the plagueBuilding is expensive. It is now cheaper to buy a house than build itA block of land provides you with absolutely no tax breaks. It doesn't pay you rent. They are very hard to offload if you get into trouble.Bricks and mortar. The time is nigh

It's the time of championsThis is the market to make money

Scamp wrote:

CHIS wrote:
Australia has mass immigration. All our capital cities have urban sprawl. WA is being bulldozed for housing. House prices will not plummet because their isn't enough of them. It isn't America. Interest rates came down 1% today. The sooner you get into property the sooner your life gets going. The sheep are scared. The…[Read more]

Scamp, you sure are a panic merchant. What's it like living in fear? Man up

It depends on your attitude to risk. It is expensive to build and the costs are increasing. Values may decrease a little. You may end up with negative equity. However, if you've done your numbers properly, you will be in front. Building projects have a habit of blowing out. There will be unexpected costs, delays and frustrations with subdivion.…[Read more]

Most of our big commodity markets are in Asia in countries such as China. BHP, RIO TINTO etc are strong and very profitable companies. They are great investments at the moment. The share market reflects human panic. Profitable companies aren't going to go belly up. When people panic in the share market, they invest in real estate. Bricks and…[Read more]

Australia has mass immigration. All our capital cities have urban sprawl. WA is being bulldozed for housing. House prices will not plummet because their isn't enough of them. It isn't America. Interest rates came down 1% today. The sooner you get into property the sooner your life gets going. The sheep are scared. The Lions are feeding.

Take the grant. Get into the market. The best time to buy real estate was yesterday and the worst is tomorrow. It has been this way since the beginning of time. House prices may come down a little but when it costs over $400K for a modest house and land package, houses aren't going to plummet. There is plenty of doom and gloom. My belief is that…[Read more]

If you think the property is realistically worth $550-570K in the current market and you owe $530, try selling for for $545. That will help you cover real estate fees at sale and you may break even. If it's hurting you, get rid of it. Save the cash and look for a better investment where you can fully gear your husbands income. It sounds like…[Read more]

How much do you owe? How much could you sell it for (be realistic and price to sell) ?What is your income or more specifically, how much do you give to the ATO every month if you get rid of the one property?Since you only have one property, it is likely that you can hold it if you are negative gearing. The rural house isn't killing you by the…[Read more]

I like your reading list so we are like minded. I am happy to bounce some ideas around on the forum. I am no millionaire so I'm no mentor. I invest in business. Business generates cashflow. Cash is king at the moment. The shares and property market has taken a bath. The folly of negative gearing has been exposed. Negative gearing may not be any…[Read more]

If you don't plan to live in it, don't get precious about it. It sounds like the house will become an investment property. If that is the case, go for as new a house as possible to maximise depreciation. If you can afford anything close to the CBD you will be able to get a good rent for it. The suburb is your choice of course. Scarborough is…[Read more]

New houses are definitely the best for depreciation. The best ones are only a few years old or brand new is the key. As the house ages you get less and less you can depreciate.Off the plan is not necessarily a bad thing. Consider the area. Is there a high rental vacancy? You will need a tenant. What is the area like? You will need a tenant that…[Read more]

Here's an idea Benny. A young professional like yourself probably knows heaps of young single people. They don't want to live at home but can't buy their own home. This is a scenario where someone with balls and clarity of vision can get ahead.Buy a  house. Get  lodgers in at $100 a week for example and use their lodgings to help pay the m…[Read more]

Good luck with your search. You are reading the right books. Keep reading and re reading them.  It is easy to get frustrated. Positive cashflow properties are hard to find but as the property market falls they may become a reality again. Long term negative gearing investments probably don't make sense at the moment.There are a few threads on here…[Read more]