there is a old saying in the travel industry, if you cant afford insurance u cant afford to travel. i think you can apply that too the housing market.

what do you mean yorker??????
So you have just got into the housing sector????? Look, the way i see it, things will be getting a lot worse b4 it gets better. Wait untill the election is over and interest rates start moving north, it will really hit the fan then. the smart ppl have sold they properties now and cash will be king. If you guys cant…[Read more]

House price fall a record
September 2, 2004

A RECORD quarterly decline in house prices and a fall in the number of building approvals for the third consecutive month support signs of a cooling housing market, latest figures show.

Approvals slipped 0.7 per cent to 14,438 units in July, compared with a downwardly revised 0.4 per cent fall in June,…[Read more]

If you want +cash flow then you can forget major capital growth.

Agent smith, i dont know what you are talking about. The Uni has been relocated for 3 years now and with other development to follow, thurgoona to me, will be shown great groth in the comming years. The golf club has recently under gone a multi million $ upgrade and land is being snapped up asap. You say you know central, south and east albury…[Read more]

Albury Wodonga has an aprox population of 75 thousand ppl, for many years wodonga has been out growing albury, but recently albury’s prices have came back into line with wodonga. Albury is known as a transit city where travelers and truck drivers take breaks going thru to melb and syd. Both alb/wod have major industry ranging from BTR a gear box…[Read more]

Has anyone heard of portland surgical products???? I think its known as the needle factory?? If so can you tell me anything about it??? where it is how big it is and anything else.

If interest rates hit 9% this forum will no longer be around, try finding a cash flow + deal trying to repay a 9% loan. The USA is moving and further intrest rate jumps will come in the comming months. I have also read personal debt has hit a trillion $, thats over 50k per person (this alone is enough for a couple of points rise in rates.

Kay, either way he has been taken hook line and sinker, my advise to him is go and donate your time to a real charity (salvos) and stay well away from investing.

Salubrious, Why never buy a lease???? If the lease is long this can be a very good way of getting into a business that has very high turn over and net profits, the secret to leaseing is to keep buying years on your lease, never go below 15 years left on a lease or it will be near impossible to sell. One of my leasees buys a year at the end of the…[Read more]

you say in your post, a turn over of 120k???? that doesnt seem much to me. 120k would be a ok net return.

or the managers had put alot of the locals off by the way they were running the place, this often happens when new publicans take over, people who hadnt drank there for years start comming back.

Why pay $500 to be told when and where to take holidays.For $600 per week you can get a really nice apartment in most places. There is a reason they died out in the 80s leave it at that.

Make sure your patner is the licencee, as he will be the hands on partner who will be around most of the time (last thing you want is a phone call to come down to the pub at one in the morning when something has gone wrong and the police will only talk to the licencee. Also find out if you are contracted to any beer or liquor company eg you can…[Read more]

turning 4 k into 12 k

I have a price target of 26$ b4 i get on NAB. Take a good look at a small cap share that is on the rise. I have just bought into a little BIO share with a heap of upside in the next 6 months, its called Eastland Medical Systems EMS, they are doing all the right things ATM and i beleive good news is just around the corner,…[Read more]

Russh, where will it stop???? What happens to you when your doing your next deal and some one lays a sob story on you?? You need to treat all investing as business. Never get emotionally attached to anything or anyone while doing business (out side of business is a totally different thing). Offer her what you are prepared to pay taking into…[Read more]

I would used the 4 grand to educate myself, so that i could no longer be renting and in a low income job.

Nothing sophisticated.

Finance is easily available. If prices fall as ‘John Howard’ is saying (and mark you I don’t expect that type of across the board fall in prices) then that will encourage a great number of people to exit the market taking their profits of the last 3-4 years.

This is crazy talk acey!!!! You are talking about current…[Read more]

Originally posted by Aceyducey:

Quote:
Originally posted by john howard:
Its in my opion that one interest rate rise will see the market go into melt down.

Ahhh – another Doom Sayer.

I love you guys – you make me so much money! [biggrin]

Cheers,

Aceyducey

wait for the 20% correction to happen, you wont be making to much money then

weston. As you said there might be a 10% drop in houses if the market does go bust, But as i work off a cycle of 7 years, your house in 5 years time in my opinon might only be worth the same as todays rates, no to take other thing into account for eg inflation and so forth you are stuck with a property that is worth 250k in 2009 which in real…[Read more]