ajago5 wrote:
Thanks guys you’ve been a great help .. I had a look at the links, very interesting stuff and Im in the process of setting up a spreadsheet to help me with risk analysis and other issues. It is a bit tricky though but Ill keep at it.

Thank again
adam

Keep us updated on your progress. I’d be interested in whatever you develop…[Read more]

<moderator: some previous comments have been deleted. Abusive and/or insulting comments are not welcome on this site>

kong71286 wrote:
What Lies Ahead for the Australian Residential Property Market? Quite an interesting article by Bill Zheng, who believes Australian Residential properties will do quite well during the next 10-20years, for the…[Read more]

Risk analysis is fairly high end modelling. There are a number of software providers that have products to achieve this but its generally in the range of 1000’s of $$$.

Unless you have a tertiary qualification in maths or economics my guess is you will struggle with the formula. It’s certainly out of my league. However a few links that may…[Read more]

luke86 wrote:
Did you read the ANZ property report as well? That is probably a little less biased/one sided.

Yeah I had a quick look thru it. Your typical bank drivel. Now that they’re faced with irrefutable evidence property is falling they’re taking a more neutral position and trying to sound as if they know what they’re talking about.…[Read more]

mafarelly wrote:
It's been written by Bill Zheng, founder of Investors Direct. He's renowned for having his own independent view of the market and doesn't alway agree with other commentators

Another pump and dump thread from an industry insider.

Things a bit slow at the office Mark

If his views are independent I’m a monkey’s uncle. The guys…[Read more]

Catalyst wrote:
Our banking system is VERY different to the US. I don't think it's feasible to make comparisons.

I’m not comparing banking systems. The comment I made reflects sentiment in some areas that poor lending policy by banks IE lending at 100% in some cases, is similar to the US toxic mortage scam.

PI’s here still don’t understand…[Read more]

Let me get my head around this.

You’re going to buy an IP (wrong term I think) that will cost you $15k/yr approx to hold onto. You think if you can get away with a 10% rent increase year on year for 5 yrs it may get to be cash positive. Meanwhile its cost you around 70k to achieve this.

Then we’ve got a property market with more downside risk…[Read more]

DetroitDan9 wrote:
Jack,

I’m not sure what you mean – can you elaborate for me? The site was just redone a few weeks ago.

The domain name is listed at WOT (Web of Trust) as malicious.

http://www.mywot.com/

Enter your URL in the search box and you’ll see your WOT rating.

Jack

Mosqui wrote:
even if you build a camp for FIFO and for construction all the staff will move their family to town and will require a place to live.

Who told you that rubbish. FiFo’s tend be temporary workers on contracts to particular projects. Their families would prefer to live anywhere but the Pilbara. FiFo’s can’t wait to get out of the…[Read more]

WOT has the site listed as malicious. 3 comments. The comments are bogus and the comment that you are on HPHost’s blacklist is untrue. I checked!!

Jack

Corie you sound like your typical avid investor blinded by dreams of vast profits in boom time towns.

Karratha has minerals and more importantly energy as the drivers of that locality. Energy is the key there to long term sustainability however a downturn in ore will could see it pull back from boom time highs.

Port Hedland is a whole different…[Read more]

Some perspective:

We face a bigger problem now and we will pay a higher price” than in 2008, says Nassim Nicholas Taleb, author of Fooled by Randomness .

“The structure of the problem has still not been understood,” Taleb said today at a press conference in Ukraine. “We haven’t done anything constructive in 3½ years. Nobody wants to do anythin…[Read more]

Good to see you got a job Josh. The sub contract thing is likely to be illegal under ATO rules (unless you do work for other design houses as well). Talk to an accountant about it. That said self employed vs employed has its pro's and con's. Big tax advantages in being SE but the one I like is I don't have to give those super fund <moderator:…[Read more]

charlitayla wrote:
I have always been worried about getting something before the next boom. as I watched it boom over night last time. Good advice patience is something I lack.

It is highly unlike you will ever see in your lifetime a boom like the last few decades. We’re coming out of one of the largest credit bubbles in global financial…[Read more]

charlitayla wrote:
Thank you for all your help, it has really made me think. I need to gain more knowledge and more money.

Patience!….. the most important skill you’ll ever learn in investing.

charlitayla wrote:
Thats interesting that you think houses are still going down in price

What you’re seeing at the moment is just the beginning. It’s the consequence of a very nervous public who see big trouble on the horizon. The slow side of our 2 speed economy ie; anything not related to resources, is under mounting pressure. Our high…[Read more]

Shape wrote:
umm with a low borrowing capacity, i would personally wait till you can borrow a bit more, no point rushing; there are “cheap ” properties out there but it doesn’t mean it’s worth it…

Regards
Michael

Michael’s right and you have all the time in the world. The global economies are in a real mess and cash is king. The big crash…[Read more]

Hi Derek

On top of this BHP require 6000 beds in Hedland over each of the next three years to house their workers with major expansion projects planned to the Hedland port facilities and a commensurate increase in rail operation into the town of Hedland. At the same time there are plans for only 200 additional beds in Hedland at the moment. (when…[Read more]

Blimey it scares me the way people do investment analysis in here sometimes.

So lets look at some REAL figures not airy fairy BS stuff plucked out of thin air.

Your real buy cost is closer to $350K

Your real sell cost less expenses 460 – 45 = $415k

Leaves approx $65k gain over 5 years.

You haven’t stated if its positive or negatively…[Read more]

ummester wrote:
Difference as I see it is that American confidence in the housing sector is shot. It isn't shot here yet.

Yes it is. It’s in the declining house prices, the doubling of properties for sale and the low turnover.

Anyone with half a clue knows that this is something different…. you can almost feel it.

Jack