Very common everywhere I would say. Gold Coast, Perth, Sydney etc all see the same type of activity in this class of RE. What’s interesting is when it trends up. That’s generally caused by some underlying economic factor affecting that type of RE owner rather than just poor budgeting and decision making.

Never been a serious player Joe. Dropped a few k, made few k. I treat shares like I do gambling and I’ve never been a gambler.

Depends on the shares. Not all shares crash and some of those that do recover quickly. The game is to diversify your risk and shelter assets where possible. If the FED decides to taper even a miniscule amount the US dollar will rise. USD exposed stocks will do alright initially but given the level of manipulation common sense may not be ones…[Read more]

It’s the standard game plan for a failing government. Chines money flowing into Japanese property. At least Ziv is happy.

Isn’t this a reno/flip project in Wanneroo? With no equity at present then buy and hold over 18 months while you reno will kill the financials on this deal. Time is everything. You need to be ready to flip at 6 months at the latest.

When you're doing reno/flips like this both time and money are issues. Your cost to hold increases so minimising time is always preferable. You need to assess the return of each component. EG $10k kitchen gets you $20k return in price appreciation and so on. When a component has a marginal return and the time involved is added then this often…[Read more]

8.30am on a sunny Sunday morning and I’m watching the action at Mt Gox exchange. BC has been trading hard after China’s Baidu suspended payments Friday.

Holding around 700 after plunging to 560 yesterday.

For me it’s all part of the shake out as BC finds its place in the currency world and I certainly wouldn’t right it off just yet.

wilko1 wrote:
Isn't bit coin "mined" by How many processors/ ram drives you give over to be used. Some people have hundreds (banks ) of processors lined up that they were using to mine. (Whilst stealing electricity, to pay for their huge electricity bill)

Shouldn't the question be. Why does someone need SOOOO much processing power. If they have…[Read more]

We are in the early stage of digital currencies and consequently no one really knows how this new iteration in financial systems will evolve. I doubt we’ll be any the wiser in a few more years compared to now but I think digital currencies are here to stay for the forseable future.

Citi have released an interesting overview as they see it;

Citi:…[Read more]

Over 12,000 businesses and charities accept bitcoin with BitPay.

In California, A Tesla Has Now Been Bought with Bitcoin

thecrest wrote:
A valid currency is guaranteed by a stable sustainable Govt which owns and controls the matching committed resources to back the paper or coin or bits.

Please provide an example. I have yet to find one in all of history. FIAT currencies by quantity and value are heavily manipulated according to the whims of controlling…[Read more]

All the above

The problem with OTP is market volatility. It's estimated that 30% – 90%  of individual OTP project sales are being fueled by Chinese buyers. What's hot today may be stone cold dead by the time you take possession. If that Chinese money dries up or even slows by a small margin the market could go soft fairly quickly.

ASIC offers advice in this area

Check out https://www.moneysmart.gov.au/managing-your-money/managing-debts?gclid=CPiIlPT2mbsCFQlZpQodJF0AqQ

to see what applies to you

The Dark Knight wrote:
Would be a shame if someone "stole" it before you could get it into storage  

Yep. You mean that guy who came and got your stuff wasn’t a mate. Well I’ll be buggered. You’ll have to call the coppers then.

wilko1 wrote:
By corruption I mean that if there a very smart computer person that invents the bitcoin and the security measures that surround it. Eventually there will be a smarter person on the opposite side who solves those problems and digitally creates himself a few thousand bitcoins 

It appears at this time that counterfeiting is…[Read more]

wilko1 wrote:
The majority of existing money in the world is digital already.

Not so. It’s FIAT money integrated into a digital network. Digital currencies are purely digital and exist as hash code only.

Quote:
Chequing or paying by cheque is already starting to become obsolete.

Couldn’t tell the last time I used one let alone saw…[Read more]

JacM wrote:
If your dad sells the lots, there is of course Capital Gains Tax that will be payable on his gain.  Then whatever is leftover is eligible for gifting.

He definitely needs expert advice on how to structure this for the least taxes payable all round, CGT, Stamp duty etc. TerryW ???

He could buy the land and his old man gift the…[Read more]

Catalyst wrote:
The reason they are gaining popularity now is that people are getting into a bidding frenzy in the fear of missing out.

The primary reason is they are a huge and profitable income stream for RE agencies. Another tool to milk the seller.

westnblue wrote:
ok understand now if you pay $100,000 for the property and the rent is $8,000 p/a your yield is 8%.
 

Give that boy a coconut!

Somebody want to explain the difference to him/her between rental income and rental yield.