Originally posted by L.A Aussie:

A couple of tips though;
1. get the property valued professionally by a valuer first (your bank can provide one) for a few hundred dollars- don’t use an appraisal by a r/e agent to assess the value. Don’t tell the agent what the valuation was. This way you will know what the property is really worth, and you…[Read more]

Originally posted by Pizang:

This is a request to anyone who thinks they have recently (last 12 months) bought a good +ve c/f property. I would like to get the location and the details so that I know what one looks like and where abouts it is.

I’m sure you would Dan…..but I’d be surprised if anyone is going to go into that much detail.

Our…[Read more]

Originally posted by bruham:

HOW BLOODY STUPID !!!!!

If i owned property in West Aussie it would be on the market at this very minute.

I’m of the opposite opinion to you bruham.

We are keeping all of our stock and just about to buy again, this time something that is worth more than our entire portfolio put together….jumping in boots and…[Read more]

No it’s not dead….

But then – is that your dream ?? And…is it a dream or goal ??

I’d go and spread 300K around the accounts to prop them up cashflow-wise for 2 years.

I’d use the other 200K to live off, travelling around Australia with the troops having a whale of a time. I reckon you could see a fair ol’ chunk of Oz in that time frame.

By the time I came back 2 years hence, I’d salivate for a while [specs] over the…[Read more]

It depends on whose goggles you are looking through at the time.

My 10 yr old daughter is a guru at putting DVD’s on and getting all of the knobs and dials just right. Leaves me in her dust. I’m sure the older folks here would relate.

Guru status I think is a very specialised area. I think there is a saying…something like “There is nothing…[Read more]

One of my mates had an easment registered on his land title. It was for a large stormwater drain, that ran along the rear of his property, for the full width of the block and from his back fence to about 3.5m in.

He was told he was not allowed to build any permanent structures over the easement, but was allowed to ;

1. Put up a garden shed (no…[Read more]

We are paying out $300 p/week ($15,600- p/annum) to hold property valued at $1.350k

Is it worth paying out $15K+ per annum to hold 3 properties in the current environment?

Only you can answer that one James based on your cashflows. From where I sit, it looks pretty easy. Just compare yourself to the next chap down the road who is renting for…[Read more]

Thanks F for enunciating your practical plans (theory was fantastic but the translation into practical investing actions is always the tricky bit.

Good luck with your practical choices in investing.

I think I’ll stick with the “property doubles every 7 years” camp, which I know you disagree with vehemently.

Trouble is, over here in Perth that…[Read more]

G’day persuasionx,

You haven’t given a great deal about your situation, so the answer is going to be as weak as the input data it relies upon.

But anyhooo….

It appears you have a primary decision to make….sell or not sell.

Subsequent to that, if the primary decision is to sell, you have three secondary choices.

Frankly, I don’t like the…[Read more]

The people writing the stories, typically do not own substantial amounts of real estate and simply run with any old theme and grab an example to illustrate their point. Chuck in a comment or two from “an expert”, preferably one with a swanky title behind their name…..Prof X, or Mr Y Business Dev manager, or Dr Z – CEO of research group K…[Read more]

Im in abit of debt,

If that is true, then simply use a little bit of cash and pay it off.

If it’s affecting other areas of your life, I suspect you have slightly understated the true position.

If this is the case, I’d suggest ;

1. Pretend you are a miserly old bugger and refuse to open up your purse / wallet. Simply do not open it for…[Read more]

If we restrict ourselves to 300K, then Perth IMHO is a definite no no.

That’ll get you some 1br flat in Mossie Park at best.

But….if you lift your horizons a tad, then Perth offers some absolute bargains. Scratching through some at the moment…..still looking at stuff with 7 and 8% nett yields after all costs with excellent land…[Read more]

So here ends my thesis. My point is, things look and work differently under a gold standard than they do under a fiat system. We have only endured some 35 years under fiat, so to project the capital gains from these few decades into perpetuity may be highly detrimental to one’s true wealth.

Excellent F,

Now….down to the tin tacks….as I…[Read more]

My Grandmother (rest her soul) used to say….”If you haven’t got anything nice to say about something, don’t say anything at all.”

So, regarding that article….no comment.

Thanks for that blogs, I fear your comment added little to the subject being discussed.

If you must know, since the format on this forum changed, I’ve had quite alot of feedback (especially from elderly folk who’s eyesight isn’t what it used to be) saying they can clearly determine the words against the forum’s background, and the {navy / bold /…[Read more]

3 years ago I was here warning that there would be 30% falls in Sydney & melbourne…..I was laughed out of town.

What I can’t understand for the life of me, is the amount of people who need or want glorification based on some prediction of what may happen based on their obvious and considerable knowledge.

Whether people warn / predict /…[Read more]

Hiya Sarah,

Haven’t done one of these for a while, but I’ll have a crack at it for you, with 5 minutes to spare.

Gross Rent………$ 130 p.w. = $ 6,760 p.a.
Gross Yield = 6.76 / 85 = 7.95%

Cost to Hold
Shire rates……..600
Water rates…….500
Land Tax………..800 (single ownership)
Insurance………300
Maintenance…..500 ($ 10 a week…[Read more]

G’day Grossy,

Keep going mate – I’m extremely interested.

Most of the stuff our group deals with, when I discuss it also, most people fall asleep or ignore it also as it outside their small remit of 3 bed houses and/or flats, or region of confidence and knowledge.

Even with our differing experiences, I’m hanging on by the tip of my fingernails…[Read more]

Many businesses make such good returns on their cash that a property investment would seem like a poor investment to them! They stay in their core competency.

Exactly.

I asked my tenant this exact same question, as to why he didn’t purchase the place for himself. He answered me very honestly about his business.

He said ;

1. I pay you 11%…[Read more]