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hwd007
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@hwd007
Join Date: 2002
Post Count: 247
March 7, 2003 - 5:19 am
I would be concerned about investing in Tasmania. What is their population growth ? and projected capital growth ?
hwd007
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@hwd007
Join Date: 2002
Post Count: 247
November 13, 2002 - 5:42 am
I’m in Melbourne. But I’m looking to invest in Brisbane.
positive cash flow scenario only. cheers.
hwd007
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@hwd007
Join Date: 2002
Post Count: 247
November 12, 2002 - 3:19 am
Can someone point a cash positive investment my way please. I’m getting desperate. Surely you gurus can spare one. just one. pretty plz….
hwd007
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@hwd007
Join Date: 2002
Post Count: 247
November 12, 2002 - 2:17 am
Well I think the market is on the verge of a correction. I believe its already started in Melbourne and Sydney. Speculators appear to be offloading stock, and I have noticed prices falling, even in Brisbane. The collapse has begun. hehe.
hwd007
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@hwd007
Join Date: 2002
Post Count: 247
November 7, 2002 - 8:24 am
Well I guess if you look har enough. But I think that perhaps this 11 second rule is a little optimistic. I have seen a property for sale at around 210k and is renting for $250 / week. 250/2 = 125 times 1000 = $125,000 Thus it fails the 11 second rule, yet this looks like a damn good buy to me.
So I’m left scratching my head. Surely the only real rule, is the rule that if it passes a Quantity Surveyors report and the numbers look good then go for it. i.e costs less than $20 per week to hold in the first year. Normally capital growth at 5% would recover this cost even after CGT tax and sales commision and costs.