Forum Replies Created
One of the more interesting ideas I have been watching is the Japan complex.
We have spent the past 20 years trying to be like Japan of the 60 & 70's from TQM through to restructuring public policy to attract investment.
Problem is Japan was in Recession from approx 1990 – 2003 with only 1-3 quarters in total where they recorded any growth above 0.
If we have followed we may at least be exposed in theory to 3 – 6 years. We will need cash rich countries to spend/invest and we learn how to save or pay off investments.
I lived in a similar area in Loganlea (about 15 k to nrth) with a Uni and train and public amenities, brand new say 5 years ago plus bus, hospitals, 2 freeways nearby etc, build new for 188k sold for 300k 9 mths later, very crazy place between Brisbane and Gold Coast and this was a time when dumps around the corner were trying to sell for 300k with one carport 3 bed one bath…
The best part is if investors or mum and dad ones are around without time to really follow the game locals can win.I know a couple and all they do is get in first and then trade or sell to investors : buy 2 keep one which was paid for by out of town investor.
Anyway these are old stories because in just about every industry in 2008 no one was listening…all the attention was toward the mess…
Gold Coast has its own supply demand curve because generally speaking people love the dream of living here. You would not believe the turn over of people who do not last past 6 months in business or lifestyle or property…
People treat you as a long term local if you live here for 2 years. Get to now you if you stay longer then 6 months and because of this records either way still happen although the local agents are dropping water front bargains but not much else. It seems location is the driving force even for super cheap deals. Sadly some people did pay the mad prices and they have shown they are not worth it.North Gold Coast – Coomera / Upper Coomera and other Mermaid Beach mansions have all had 40% + reductions in the past year.
One mansion priced at 5.5 mil wants to sell for 3mil
another mansion priced 2.4 mill – sold for 1.6 mil.home 4 bed DLUG north GC priced $480 – sold 280k.
Your property is only worth what you can get when your circumstance requires a sale.
I believe the population statistics that Australian property valuers are following show a steady up and down fluctuation for the next 9 years. No real high positive direction.
one quarter of working population is to retire. Devaluation of assets and costs may occur. charges and costs of living may deflate at same time.
Average boom bust cycle length over last 400 years – Average is 25 year cycle with average of 2 down turns in this cycle. In recent 25 years we have had 18 yr positive growth, maybe we will need double dip down say 3 years recession to clean out scams and low productivity. (History shows we have had recessions of 35 years or more in Europe in the past 400 years)
I predict Bill Gates unreliable company will be extinct in 10 years.
Always Use a Licensed Plumber
I have lived and invested in this area over the past 10 years.
Loganlea & beenleigh have had major road and infrastructure projects and have had some mad results.
There are some surrounding close areas which will mean you have to adjust your strategy.
Loganlea is on south side of rail tracks with old houses at one stage were half price of Meadowbrook (years ago).
Meadowbrook is on north side of rail line. the area has a local bus and train service to Gold Coast & Brisbane.
Meadowbrook has a Griffith Uni, Logan golf course (green grass sometimes) train station, major shopping centre within 3 klms, local shops within 1 klm and both suburbs have 2 major freeways within 5klms radius with access to any direction to other cities.
A newer estate at the Uni has had 6 stages developed from 02 – 05 and if you pay attention you can locate mortgage stress in this estate.
Some people move from Woodridge (rough area) and upgrade and sometimes the responsibility of a larger mortgage has meant some returned to old neighbourhood. relationship breakdowns, investor bail out etc is within these 6 stage village. In stage one near uni and small lake there are nicer homes & stage 2 & 3. stage 4 – 6 have smaller rental properties and some are directly under a major power line.
Parks are nearby. MCdonalds, gas station and pub etc. Basically Loganlea & Meadowbrook have just about everything within a few klm’s.
Do your homework and look for patterns. Oh there is also the LOGAN city hospital in the centre of all this… Check out Google maps…. Meadowbrook / Loganlea / Beenleigh / Daisy Hill / Springwood / Loganholme
Light commercial is being improved in this area and a site for possible new shopping centre is next door to pub and McDonalds.
MMMMmmm cannot think of more at this point.
I hope this can help. I live on the gold coast and have noticed the changes.
Holiday rentals are doing well, price value to buy has dropped in some great locations by 40%, like beach and water.
Water side can fetch 1500 – 3000 per week rent in summer and easter.
views, water, close to beach is still the best option.
I will try to get a local website for holiday letting for you if required.
consider different locations away from tourist strip as the growth in holiday letting is in areas away from Surfers Paradise – like Burleigh Heads & Palm Beach(secret is out)
Will
I heard on ABC radio that it takes 300mils of oil to make a 1 litre plastic water bottle so we can drink more conveniently.
Fiori – I am not sure if you like us or hate us, but I hope I can stop your CHIP on your shoulder routine.
I did enjoy your posts, but……….clarify please.
I may not be better then any person on this blog, but I would like to share this info.
I know alot of tradies who have diplomas, degrees and masters in their chosen discipline.
I know a Plumber with an Engineering degree, a Chippy with a Degree in COnstruction Management.
Because now I notice you have got the VIOLIN out, I would love to play it.
I came out of school in the Recession, dug holes in the day for 18 months, 12 hours a day for $40 a day (fuel $20 per day) and then went to Uni at night.
I have 3 trade tickets, a Bachelor of Commerce with a double major and i have tried to do many other courses. Not one of these qualifications gives me the right to charge anyone money.
Oh…… if you think Apprentices get too much, just remember as a student you get can get a low interest loan called HECS.
Get to know a tradie, get them on your side and you will always be looked after.
Skills or not the better you THINK of people the better you treat them and vice versa.
Try helping someone out it will stop you grandstanding all the time.
If an ordinary everyday person wanted work outside of their normal 40 hours:
1 – may not work – tell em he’s dream’in.
2 – Want lots to show up
3 – wantt a trade off for working during family time.In business we take risks, family time included to grasp the reward.
Some years are better than others.
Mmmm, like a CYCLE!
L.A Aussie wrote:YES for a certain trade quality brand.
Eastwing – I got the hammer in 1992 ($80) and I still have it. It will never die and I believe I am one of the few who have not had their Eastwing hammer stolen.
Today, I use Bunnings to get tools. EG: Instead of using Rothenberger multirips ($150), I buy $17 pair (same mold, different metal strength) and replace every 6 months from wear or I accidently leave them behind.
Cheaper tools and parts does allow me to pass on savings to my clients.
Good pick up, I am happy you read the info.
Thanks.
In 2008 with the massive cost of living blowout of 07, what can we get for $80 bucks?
PEOPLE may buy some of these items.
A tank of petrol (close)
Half of your weekly groceries.
Dinner out.
Car battery NO
One Tyre – small car YES
cheap watch
pair of board shorts (brand obviously)
A good tradesman hammer (Eastwing)
Good doctor GP or specialist 15 min discussion and referral.
2 lawns mowed.
subway Bike (ha,ha)
4 male haircuts
2 – 3 cartons of beer
phone credit
For someone to drive to my home, address a maintenance issue, discuss possible scenarios and share ideas, SOLVE THE PROBLEM and be neat, smile, be courteous and respectful of my time and private home – $80 is great start.
Phorsha wrote:>5% man….If he does 5 jobs a day each at $88 bucks a pop he will take home $2200 pw, I don’t think me getting a 5% discount is going to put him in any financial trouble. It’s not like I’m taking a gold coin donation from a blind man people!And as for the moisture test ‘Tools’, you can grab one for cheap (or not) at bunnings but like all large renos – best seek 'professional' help.
anywho thats my last say in this post.
Thanks for the warning PHORSHA.
I knew a bloke who lived on the street when he was 16, got a start selling.
10 years later he had made 20 million dollars. Including 5 million in one year!
He got between $500 – $2000 per sale over these 10 years.
Is this too much pay for a man over one week…… do the math you boofhead!
If you chase income you deserve the income…… your attitude toward people and money lacks ambition!
My lesson: The reward of Money is tied to how you deal with all people, including yourself!bye, bye!
There seems to be a few people who think they are better then the tradesman they hire.
MMmmmm…… maybe you could consider living in a 3rd world country where your facination with cheap labour and feeling good by whether you exploit or you get exploited gives you a sense of well being.
I love people who whinge about a plumber getting poo and meds out of their toilet for between $70 – $700 a visit when they are happy to pay $200 PLUS for a BAD haircut (fashionable if you ask them).
Phorsha wrote:YIPPEEEE happy dayzIf you care about better tradesman, please fill out the stuff on my blog.
I want to find out answers to these simple questions to better locate a great Plumber & Gasfitter?
1 – How often do you call a Plumber / Gasfitter?
2 – Would you prefer to have a single phone number or website for all Plumbers / Gasfitters in your local area?
3 – What is important for you?
fair price
urgency
quality work
answers phone
trust
service guarantee
reliability
on time
neat & tidy
local tradesman
keeps in touch
gives free advice
easy to remember phone number
has a website
OTHER……………………………………..Visit say a National Bank – Ask for all and any loan documents and product info.
You should then learn all the loan product info.
You then need to go over the loan documents to understand why and what banks need. (get 5 copies of loan doc and practice)
Understand a few things – banks like 2- 3 years stability in PLACE OF RESIDENCE – INCOME/JOB/BUSINESS – Always fill in the form completely.
Do not tell every detail of your life eg: If you lived in same area for 3 years but moved to 5 different addresses use last 2 or longest to present an image of stability.
Average total of MONTHLY expenses used by BANKS for people on income is: (including insurance, spendings, debts ,study etc) $800 – $1200 – being say 19 when you go for first BANK loan (maybe without guarantor), you need to explain or show why you may have less expenses eg: good saver, live at home.
OTHER: banks will look to see a saving history – if credit tightens then your history will show bank you did not get a lump sum from a deceased relative or 19th b’day present.
TRICKS: some people get a credit card from the banks to start their credit rating and initiate a partnership. This can be tricky as you need a high amount on the application to get the go ahead (bank fact: biggest bank loses are on CC with balance $500 – $1000)and high bad debt MAY create poor life habits at a young age.
check out loan insurance options as younger lenders will be considered if they are frugal and choose insurance.
GUARANTOR: this is a viable option. NEVER ask or consider placing your parents or friends assets as collateral.
YOU can sign a good will guarantor form and definitely seek some legal advice if you go down this path. It can be a WIN – WIN. The benefit of the later is no one is liable except you and the good will guarantor can help you and the bank come to an agreement if times get tough.PAYMENTS: THIS IS IMPORTANT.
If you ever get into financial trouble the credit system relies on you making a payment.
If your living funds are depleted unexpectedly and you are in a tight spot; keep in full contact with your BANK
Keep any payment at the same or more regularly – WHAT? if you have to repay $500 per week and you only have $10 left – pay the $10 dollars to maintain the habit.
WHY? if you get to a court for the debt and you show a good savings and repayment history the judge may rule in your favour; if you are making every effort to honour your obligation. THIS MAY GIVE YOU TIME TO ACT! (sell or consolidate)These are some tips I have used or heard or have seen. I am a Plumber, I do not have any financial training outside of a Bachelor of Commerce Degree and business experience. I worked in a Bank doing Personal, Student and Home loans for 3 years.
I hope the ideas help you realise that the better info you get or supply to lenders the more confident they will be when deciding your financial future.
I am happy for your current progress.
My tip.
When I visit a Property.
I get to know the client. I also get to know the client's plumbing.
My first meeting and service of this client and their plumbing tell me about their general attitude to life.
eg: No maintenance in ten years.
The client wants some simple work done for nothing.
I discuss the options and what a good service history is (eg: every 3 years).
The client then responds they have never repaired there taps.
I am disappointed.
Further discussion highlights a problem needing to be solved.I can only solve a problem quickly and affordably if the client has a reasonable service history with a good plumber!
IF NOT: I share a simple easy fix solution to give them time to get the money together to fix the job properly OR I make them aware I can do it properly for 'X' amount of dollars and supply a quote (COD/Completion) and a time to solve the problem.
If you care about your plumbing, your plumber will care about you!
Thanks,
Take a quick vote: plumbingtips
What is the clear advice of this blog?
Try trading feedback such as a Tradesman Testimonial for a better deal at the end of the job!
This sort of advertising is the cheapest and the best .
I have hilux ute 03 ex gov. claim as work/business expense.
wife has 94 honda looks new.
