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The real question is what is the right investment strategy for today and tommorrow. We all know what we could have done 12 months ago. Holding on the property for other reasons may be fine, but trying to acheive a greater capital growth than 300K in one year smacks of greed to me and what would the effect be on rental returns and capital growth, if for instance there was a major terrorist attack in Australia that crippled the tourist industry.
Obviously it comes back to what you need or want to acheive from your property investments and if it is permanent yearly income to acheive financial independance then cashflow positive seems to be the way to go. Depreciation allowances are all fine and dandy, but remember if you depreciate something it is because it will actually need to be replaced someday and that is what a depreciation allowance is for.
On top of all that, you have to be pretty well of to cope with a $380K interest only loan on a negatively geared property. If you can do this then all the best too you but it is out of reach for most investors, especially those just starting out. That being said, no-one ever said that you can’t have a portfolio with both negatively geared property and positive cashflow property.
Good Luck
Gerard.Leigh K,
If this is the case then I obviously don’t understand what a bird dog is. Perhaps Steve can help out because he mentions in his book that time rich persons can help out time poor persons with this whole bird dogging thang. If you cant take a kickback from the sellers agent or introduce a buyer to the seller or the sellers agent then what the heck can you do?
I’m very confused.
Gerard.All I know is that 1 rod = 198 inches or 2376 lines. However there are 25 links in 1 rod or 5.5 yards and of course 1 rod = 5.029 metres. If that isn’t enough significant figures for you then 1 rod = 0.001041667 leagues. Hope this helps but of course I know it won’t.[thumbsupanim]
Hello,
There are 4.971 links in 1 metre, and therefore there are 0.04971 chains in 1 metre. 1 Chain = 100 links. But Did you know that 1 chain = 4 rods or 0.1 furlongs = 22 yards and/or 198 hands. This is because 198 hands = 66 feet or 792 inchs.
Your all probably saying well “der” everybody knows that. But I bet you didn’t know that 1 chain = 20.12 metres or 201200000000 angstrom. Anybody that wants to go head to head with me in the useless information stakes had better get up pretty early in the morning!![biggrin]Thanks LeighK for your advice and for giving me some hope to keep looking. After further going through the forums I found some suggestions for places in Australia like mt.isa and maddington where I found some properties that do meet the 11sec criteria so at least I know they do exist. I’d be concerned though about investing in these areas because they are so far away from where I live and therefore hard for me to keep control of them.
As you suggest I’ll keep looking and I realise also that it is the buyer who should really set the price rather than the seller.
If you can remember any places in Victoria that might be in this boat I would love to hear any suggestions.
Gerard
