Forum Replies Created
A good question to ask “do you own any investment properties”.
So many accountants/financial planners are only into managed funds because they pay commissions. When your fund goes down they say buy more, when property goes down they say sell out and invest into managed funds!
I prefer to buy in an area I know and understand. It’s good to be able to drive past regularly to make sure it’s still standing.
There is an additive you can get to put in any paint that is going on walls that are exposed to moisture. Can’t remember it’s name but just as the guy (or gal) at the paint shop.
I would take 30% as a more reasonable figure. Better to be safe than broke.
I agree with most of the above points apart from dealing with an agent that is prepared to cut their own commission.
Give me an agent that is prepared to walk away from my listing rather than cut their fee. If they are going to give away their own money, what chance have they negotiating the best price of my greatest asset?
Originally posted by foundation:Hey Marc,
I notice you’re ‘L.A.’ Aussie… how about starting a new thread with an on-the-ground account of how the REI world is doing over there?“Between June and September, the median home price, or midpoint of all home sales, had dropped by $20,000.”
OC Register ArticleF. [cowboy2]
Hi F,
Some very interesting views regarding prices.
Still going through some of your posts but to make it quick, where are you seeing rents move with these massive price falls of 40%?
Just searched the internet and there are places in your area under $300K. I have no idea what you are on about.
Oh you poor little thing.
Do you need a tissue?
If you want to earn an AVERAGE wage then continue to complain about how tough you have it. The only thing stoping you having the life you want is you.
The baby boomer generation made sacrifices to get where they are and deserve the right to do with their money as they please.
Put down your mobile, ipod, lap-top, diesel clothing, turn off the foxtel and work your back-side off, start small and work upwards. If not stay where you are and rent my place hey!
I am only a few years older than you and can’t stand cry babies.
If you’re considering a managed fund take a look at the Geared Wholesale Funds offered by Colonial. I have been with them for the last 2 years and am traking at around 40%pa the last two years. Although this can’t last forever!!
While you can’t take advantage of the tax deduction from the gearing done for you, some lenders will let you borrow to invest in them.
I don’t believe there are any requirements to force a company to provide internet coverage.
We live in a well-established suburb of Sydney and only 1/2 the street can get adsl.
We ended up having to get cable.
Try searching this website
http://greypages.mazzanet.id.au/
http://greypages.mazzanet.id.au/It’s a little different but in the mid-90’s Bellavista (north west syd) opened up. It was proposed that the suburb of Crestwood next door should also be called Bellavista.
The Crestwood residents complained and it never eventuated. A huge missed opportunity as prices in Bellavista have shot through the roof, with many well over $1million.
I don’t think a name change alone will make a significant difference. It needs to be backed up by infrastructure or some sort of improvement to the area.
