No, I am having no problems renting. Just finished putting rents up.

Johnny1974 wrote:
Hi all Just my thoughts…… I to agree the world financially is pretty toxic at the moment and has been since 2006. Seems everyone, every sector, in every country is being hit hard. The only shining light is the worldwide mining industry. We have strategically sold down our portfolio of six properties to two since 2006.…[Read more]

mattnz wrote:

emptyvessel wrote:
Choir, I am aiming to emulate your success.For my part, I am about 73% LVR'd into the "game" across my entire portfolio. About 50/50 property and equities. Then various diversification splits under these. Likely to go 70/30 property and equities over the next couple of years.Wish I got into gold 10 years ago.…[Read more]

mattnz wrote:

emptyvessel wrote:
The market is not crashing. It will be fine. End of story.

Thats what they were saying in USA, Spain, Portugal, Ireland, UK etc before their markets crashed in the past few years and before that, Japan in 1990s. The common theme between all of these countries is high levels of debt financing the property…[Read more]

swampy30 wrote:
I'm not spooked, I'm bemused. And of course, we're talking about negatively gearing property only. Approx 70% of individual investors use NG to fund their purchase. Around 1.6 million taxpayers used NG year ending 2010, generating a net rental loss of $6.5 billion. In my opinion, not a huge cost compared to providing about one…[Read more]

bumskins wrote:
I say cut property free and let it stand on its own 2 feet without the tax incentives.

Ludicrous argument unless you support doing the same for every other type of investment-associated tax incentive. Shouldn't this then extend to equity margin loans, franking credits, business R&D, business operating losses and so on? If not,…[Read more]

MikeLewis wrote:
Unfortunately reigning in the growth states thru higher interest rates will punish the slower states but it may be a reality the way things are going. interetsing times, as they all are. It's different this time, just as every new day is. When any boom is in progress, there's always the "I can't see any end to it" mentality.…[Read more]

Choir, I am aiming to emulate your success.For my part, I am about 73% LVR'd into the "game" across my entire portfolio. About 50/50 property and equities. Then various diversification splits under these. Likely to go 70/30 property and equities over the next couple of years.Wish I got into gold 10 years ago. But I wish I got into property 10…[Read more]

The market is not crashing. It will be fine. End of story.

I am impressed that you got hold of the full valuation from the lender. Mine won't give me a copy, no matter how nice I ask.A couple of ideas for you to take or leave;1) Call some other panel valuers in the area and ask their opinion about NRAS properties. Do they have a similar view?2) Call some valuers in other areas and have a chat. Try and…[Read more]

fWord wrote:

emptyvessel wrote:
Usually by the time everyone is talking about buying something specific around the watercooler, the time has passed to get in.

Precisely right. And this is why I so sarcastically questioned in a previous post whether anyone has actually already bought gold or silver. Looking at the graphs it appears the boat…[Read more]

Back to Shepparton. I had a friend that purchased a great place there recently that is neutral or close to CF+ day one. They know the area very well as they have family there. This may have helped with buying in a better position. Also adds to confidence levels.I have heard that the crime rate there is quite high, but have not verified this…[Read more]

My research tells me that most of the money to be made in Gladstone property has already been made. Unless you are a developer with a "funnel" feeding you out of town investors that don't do their homework.Apparently the mining/energy/construction companies have "wised-up" to inflated rentals and have found a better return on investment using the…[Read more]

I am keen to keep buying. "Feed the fear"! Puts me in a better buying position every day and I know it can't last forever.That said, I am currently spooked by all this talk about the government removing negative gearing. This would seriously damage my cashflow situation. See my other post on this in the finance area.

Usually by the time everyone is talking about buying something specific around the watercooler, the time has passed to get in. When I subscribed to Fat Prophets a few years back, they had been bullish on gold since around 2001. Then again, they were bullish on lots of commodities and equities. On another note, Warren Buffet is famous for never…[Read more]

Yup. Stay in the market, get/manage good cashflow, don't overcommit, create equity if you can, let time take care of the rest.The sky is not falling in and the cycle will swing up again. Not sure when. But I am absolutely certain I will make lots of wealth when it does.

Here is are a couple of early warnings in 2011;Property prices will go down somewhere, property prices will go up somewhere at the same time.Gold will go up.Gold will go down. AUD will go down.AUD will go up.Commodities will go down.Commodities will go up.etc etc.There we go. I am the ultimate predicting machine. An oracle, if you will.I love the…[Read more]

I love the fact that this  doom and gloom thread started way back in 2006. I may have missed something, but I didn't witness a collapse of any description in our local property markets in that time. A few specualtive areas have gone down, so has the high end of town, but that was always going to happen. Dunno, maybe I am blind.Yes, Yes, I know…[Read more]

Explain to me what happens when the USA does default on its loans. Exactly what are the implications of this?I am not talking about the Gold, silver and commodities go up implications. I am asking about the deep political, military, cultural, aid and economic tentacles that the USA has embedded throughout the globe. How will any of these change?…[Read more]

As a repeat customer of BMT, I was quoted a similar $1500 + GST figure for 3 villas on one title. 2 of the villas were absolutely identical and the third was the same with an extra garage. The original quote they gave me was over $2200 before I mentioned the words "competition" and "shop around".I shopped the quote around and consistently got…[Read more]