I think every industry goes through this, people want free advice so they can try and do it them selves just to save a couple of bucks.
What is funny thought as soon as they try and do it them selves they either loose more money and create further problems.

That $500.00 saving now cost them tens of thousands of dollars in the long run.

Hi Stevie,

Thanks for the reply, it great to see you are doing allot of research and reading.
Some people will agree and some will disagree with the following comment, For the last 15 to 20 years the property market went gang busters and investment growth was compounding at a crazy rate.

Some may say that the market has slowed down but in fact…[Read more]

Hi Stevie,

Thanks for the reply, it great to see you are doing allot of research and reading.
Some people will agree and some will disagree with the following comment, For the last 15 to 20 years the property market went gang busters and investment growth was compounding at a crazy rate.

Some may say that the market has slowed down but in fact…[Read more]

 Hi Bell,

-Firstly get in touch with a broker, Jamie is a really good operator and I highly recommend him.
– Doing some figures, correct me if I am wrong, be time you pay your loans, property management fees, council rates and other charges both IP would be cash flow negative every month?

If this is the case, do you think taking more debt on one…[Read more]

Hi Brmiau,

Hope you are well? Firstly good luck with your goal and its great to see people setting goals, So important in life.

These days there seems to be a rush in retiring or "working for your self concept".
For me personally I would never retire, I would get bored and I would drive my wife crazy. But having finical security is another thing…[Read more]

Hi Rick Sta, I have to agree with you.

When we some times state an "opinion" some people see it as being negative "etc" but not all bad news is negativity, its some time just stating how things are.

I think preparing your self is a great proactive thing to do.  

There will still be allot of opportunity out their but in different forms.

My…[Read more]

Hi,

Love your post!!!

I think you are right, I have a bit of shares in the Australia market and I am planning to sell most of my stock by end of week: why?
1) Earnings for most companies have decreased and it’s amazing to see how many business are running at a loss.
2) Our stock market is fed by “SUPER” and with this, it really creates a “fake…[Read more]

Hi Steve,

Hope you are well?

Anything is possible but it all depends on the following, how much equity you have, cash and investing experience.

For the time being, ask you self this why do you need to buy 10 in one year? Why not start with one or two and then build from there.

Investing takes allot of hard work, patience and precession.  

For…[Read more]

What a crappy article..
I dislike people who make rash decisions and expect others to feel sorry for them when some thing goes wrong.

I read an article the other day where a couple who knew nothing about the share market borrowed 100k+ on their house and they end up loosing all of the money.
because a "adviser" gave them some advice…
I bet if…[Read more]

Hi Engelo,

Well done mate, glad to see you are doing well.. In the last two years i have also sold two other properties that i had, I only have my PPOR and one other IP.

Im finding the market in australia not attractive any more.. returns are not even worth the effort..

Also their argument would be this, if you are close to going over your limit then why use it again anyway?

Melbourne market is still flat and it all depends what area you looking at!!!
some areas are steady and some are flat…

What particular area are you looking at?

I think we are heading into a mess!!!

When the government needs to provide handouts to any business, its sends out mixed messages.
1) If a business like Holden or ford (or any other business) cant break even or even make a profit then why  are they in Business any way?. Spend the money in other industries that are growing….

Australia has allot…[Read more]

My questions are why an arcade strip of shops?
Foot traffic in arcade strips have declined over the last few years as more people tend to go to shopping Centre.

I am not sure what state you are in but in Victoria city strips are dying and they have very high vacancy rates.

Just really do your due diligence, retail is very though at the moment…[Read more]

Hi,

I have had a couple of properties in Werribe and Hoppers crossing in the past and just sold the properties about two years ago.

I wouldn't touch the area for the following reasons:
1) area has high vacancy rates as per Jac M
2) Limited growth
3) Allot of land still avaible, there are plenty of blocks being sold in werribe, tarneit, wyndhvale

Depends, Melton shire council increased rates by a total of 12.9% (9.3% increase in Waste and 3.3 on normal rates)… Double digits
Murrunidi council increased by 8%
Pallara at 7.58 per cent (QLD)
Bayside 5.5%
Monash (VIC) 6% increase on rates and 2.5% increase on waste
Geelong 4.4
North Sydney Council Rates  increase. by 12.34% –

It does happen

Rates are going to increase every where and by double digits per year…
Federal and state government have cut down on local funding and the cost of councils have increased.
– Waste cost have increased
– cleaning cost have increased
– wages for various jobs in the council have increased.

So the only way to maintain a sustainable business is to…[Read more]

PLC you have hit it right on the nail!!!

Its true what you have said a a number of small to medium are shedding jobs to, this thing with ford is just a way to buy more votes…
The country is in a mess because of two main reasons from my point of view
1) Government have an idea on whats going on but have no solution to the problem
2) People:…[Read more]

100% agree freckle,

I would rather keep my lotto store that provides a cash flow postive return every month then buy a property in vic
thanks to a certain mate of mine the retail side is picking up too ….

I have to agree with you Nigel on this one…
Also areas like Werribee, Hoppers Crossing will feel the on flow effect as well.
I think Melbourne market is heading for very hard times, I dont care what any ways says…

Cheers
JP