sounds very risky.  I personally would look in another area where there is industry

"Hi James, A couple of questions: 1. What is your business?  2. What is the business you would suggest for the many viewers on this site?" Becuase starting a business can be quite risky i sugest you start small while keeping a day job. A online business is great, for example i own part of a company that delivers flowers that are ordered online a…[Read more]

id offer lower. Hehe. A great question to ask the agent is: Whats the lowest offer the vendor will take?You may get a suprising answer.

how good is that web site.

very true, to give your best years of your life working for someone else is not financially smart. I just follow what most wealthy people in Australia do, use constant cash flow from a business to buy real estate and other assets such as commodities and shares.Even though property is one of the best classes to invest in, I still wouldn't sleep…[Read more]

I feel property in most areas will go sideways for some time, perhaps untill we finally break the shackles of the lasest economic woes.It see it as a smart move, they are getting set up for the next boom in the market.

sorry should clarify they still exist, but not in the areas they used to like close to our big cities or work nodes. Today i don't invest in positive cash flow properties for the main reason they are located (usually) on the fringes of our cities or regional areas. It is always best to invest where there will be constant demand

thanks, they tried to push me into a perosnal loan…but eventually they allowed me to borrow at the RBA's rate

wow banks are asking for annual fees on top of the interest…didnt know that was happening.

yes it was possible in the past to find great properties close to our cities that provided a positive cash flow. This all seemed to dry up by 2006. Positive geared properties today are usually found in the morgage belt or in regional areas. Areas where i dont personally invest.Because the majority of quality property is now negativly geared, you…[Read more]

Always invest counter cyclically – that is when the crowd is scared to buy (like now). When everyone is investing take caution, it usually means your nearing the peak of the market.I love the Whitsundays, one of my favorite places. But I wouldn’t invest their personally.The population is not growing enough, there is no major infrastructure going i…[Read more]

Linar wrote:

JamesSampson wrote:
If your 30 and you want to retire at 40, property on its own just wont do it for you, unless you have the capital to go out and buy 15 places very quickly.I saw this many years ago, and as a result started my own business. I can tell you from experiece the true way to financial freedom is working for yourself.…[Read more]

YIP, only because i cant stand the stories. there always the same and dont actually give you any information you can use.

If your 30 and you want to retire at 40, property on its own just wont do it for you, unless you have the capital to go out and buy 15 places very quickly.I saw this many years ago, and as a result started my own business. I can tell you from experiece the true way to financial freedom is working for yourself. Cash flow as many of you will know is…[Read more]

Land tax is run by the state governments. So it all depends on where you property is located. For example in the NT they pay 0 land tax on any purchase. In QLD like many states i think its only if your combined land value exceeds 750k you pay land tax.

If you only own one unit then most likly you will pay 0 land tax, unless its on the sydney…[Read more]

Land tax is run by the state governemtns. So it all depends on where you property is located. For example in the NT they pay 0 land tax on any purchase. In QLD like many states i think its only if your combined land value exceeds 750k you pay land tax. If you only own one unit then most likly you will pay 0 land tax, unless its on the sydney…[Read more]

Most suburbs in Brisbane still have a very tight rental market, according to the latest data. Its a case of the data not matching what I see on the ground. Looks like it is a local issue, thought this may have been seen in other areas as well.

reggie5005 wrote:

wonderland wrote:
I heard that the market is steady at the moment. I'm just worried that if i buy now, and property starts to get cheaper later on in the year, i'll be kicking myself!Thanks for your advice.

Like others have been saying education is number one, you need to know what your buying and why. My piece of advise is…[Read more]

you can find the property yield for suburbs in most of the Property Investing magazines like Australian Property Investor. You can also do a calculation yourself on a property you are looking at:weekly rent x 52 divided by purchase price x 100.Remember higher yield can mean lower capital growth. You can find very high yields in outer suburbs or…[Read more]

you get the same information in a good book or online education courses. The seminars i have been too have been very dissapointing.They give you only so much, then you have to pay silly prices to get the real information.