Positive cashflow in Mandurah? You gotta be kidding! Everyone wants to live here. [biggrin] It is the Gold Coast of the West Coast without the tacky highrise and cheap touristy junk. You are 12-18 months too late to get a bargain here.

RussH,

If you are really concerned about this woman you can phone the WA Psychiatric Emergency Team on 1800 676 822 and ask them to pass the information on to the nearest community mental health service. You are the only one on this forum with her address. Basically read your initial post out to them and they will follow it up.

Firstly, not sure why 4 months of 2001 have been targeted and really doubt that it will create a massive exodus from Australia. “Several thousand” means anything above three thousand maybe.

Secondly, in reply to Hardgraves comments. “What a load of bulldust!” I have lived in Oz over 15 years, not claimed the dole, always had higher than average paying jobs, therfore always paid higher than average taxes and now they are basically forcing me to apply for citizenship with the threat that you have to be here 10+ years before you can claim senior cits pension. Hell, by the time I am eligible, I will have paid more tax than most with a birthright to the country. Also, because of asset accumulation, I am going to be forced to be a self funded retiree anyway.

Sometimes makes you wonder whether you would have been better claiming centrelink payments all your life and developing an all over suntan rather than an investment portfolio.

My reason for not applying for citizenship has nothing to do with the fact that I wore red sox during the Americas cup boat race, or have an all blacks jumper! Australia is the most over governed country per head of population in the world when you take into account local government, state and federal. Why have the operation just to support the b*st*rds?

And don’t tell me that I can have dual citizenship. I already have that. And my pommie passport is worth more that an aussie one ever will be and I have never set foot in the UK at all. Go figure!!

One of our reasons for continuing to invest locally is that my hubby wants to quit work and one of our options is certainly for him to manage our properties himself. If we purchase interstate, this is not an option.
Fibejebe
[][:X]

You will have trouble finding anything +cashflow in Mandurah now, without putting in a sizable deposit. It is worth considering tho if you have spare cash up your sleeve as the capital gain over the next 5 years should continue until the railway line goes in and the Freeway is completed.

I recently sold my PPOR – so no CGT. We are going to invest it all back in Mandurah and surrounding regions on 5 or 6 properties but are going to put $60K deposit down on them to make them cashflow positive from day 1.

Some areas of Halls Head are lovely and you will easily make money off your blocks, particularly if you have either sea or estuary views.

I did lose my visa card a few months ago,[] so phoned ANZ “lost and stolen visa cards” section. Now, before I progress let me assure you that they have a dedicated phone number specifically for lost and stolen cards. Typical bank, I spent over 15 minutes on the line listening to poopy music and adverts for ANZ etc including them assuring me that my call was important and thanking me profusely for holding the line etc, plus advising me that to “make it easier for our operators, please have your visa card handy.” Yeah, sure!!! If I had my visa card handy, would I be phoning this damn number??? [8]

Hey Recoveryman,
Was great to meet you and the young fella. Am pleased that your trip was profitable. I thought that Al and I were keen on investing until I met you and realised that for us it is a hobby and for yourself it is an obsession. [] Your enthusiasm was contagious!
Take care,
Fibejebe.
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Hi Bill,
Happy Australia Day and welcome back to PI.com
Missed ya,
Fibejebe.