Hey michael,

I’m from echuca/moama where there are about 7 house boat leasing companys and a large number of private houseboats. The boats are good but the thingsd that really kill you are mooring fees. Cant tell you how much they are but in the area i’ve heard figures in excess of $100/w

I’d still love one myself though…….

jared

Patricia,

I agree with westan… I bought a house in ararat (about 2.5 hours west of melb)
less than 2 years ago and stand to make a 285% approx capital gains. (i think thats accurate). It also brought me in approximately $35 a week +cf. I havent bought in metro city areas due to the cost factor. i can make just a good profit in the conuntry as the city when you factor in everything ( rates, insurance, interest, home loan maitanence). The country suits me because the banks wont touch me for at least another 3 months.

hope this haelps

jared

Hi guys,

I’m 20 ( youngest on this topic!!) and bought my first ip at 18, and now have two but selling first one for a handy profit (touch wood). I have to agree with westan…. he does look like he’s 24……but had a hard time of it….(yeah yeah advanced hair!!![][][]) I know him quite well and i could shatter all of your illussions but i wont…. I’l let you believe him!

Great to see so many people in my age bracket on here, i thought i was that youngest by a couple of generations but its comforting to see that i can talk about modern goings on without confusing most of you!!![] Big Welcome to Vasily,, Gee the net makes it a small world doesnt it!

jared

Hey em,
Know excactly how you feel. I’m 20 and fininshed school in 2000. Since then i’ve had a dozen uni applications rejected, have studied jazz, have worked in environmnetal conservation and rehabilitation, abbatoirs ( not a reccomended career move!) 2 apprenticeshiops, have possibliy bugged 1 or more of the people on this forum as a travelling saels rep for optus and have onl ever fully enjoyed 1 job- at a newsagncy in melbourne where i couldnt afford to live so am now in echuca. I still have no idea what i want to do. Proffesional invest where i dont have to deal with the rejection of continual job hunting would be great.

In a view to not making investment mistakes…you will. Everyone does. But by researching your investments before you make them you can minimaize the risk!
catcha

jared

[/quote]

Obviously not a jo bailey fan aus!
I eat everynow and then when the dogs let me share there food, although trying to compete with them for food has given my medical bill a substantial rise in costs[}][][][}]

Congrats Richo on the new position, need a helper?

I’d be happy living on anything more than my current salary, litereally 0k and year, seeing as i reinvest every cent. As i’m just a youngn (aussie rogue i’m a roughly 6 and as skinny as half a rake!) i’d be more than happy with 25k+ ( the + been way more desirable!). Westan and steve say you cant save any money if you spent more than you earn, but if you cant spend what you earn, such as me, mum and dad would probably do serious bodily harm to me if i spent any of my investment, you can save but you cant eat! i hope that made sense!

Congrats to whole family from echuca!
DO we get to see a photo on the forum?

I Can see your point!,

I’m currently negotiating the sale of my ip, a deal should be done hopefully in the next 2 days. I bought this house originally as a buy and hold,( or possibly to live in) but mainly for rental income. But since i bought it in late 2001 for approx 27 thousand ( loan 30k to allow for improvments and lived in for short while so recieved fhog therefor effictively paying just 24k) now less than 2 years later am selling for 72k and hope to get 68k+.Thats a 44k profit (before tax and misc costs) in 20months. I`m happy! i have another house lined up. But my point of view regardless of the above figures, is that although its handy to buy another house by refinacing your house with the capital gains earnt, that shouldn’t be the main reason for purchasing a property. Dad (who is well known on this forum) has always encouraged me to buy in a town when houses are cheap but the town is on the way up. Most regional towns go in cycles of decline and growth in business, population and industry. If you can buy at the bottom of the cycle ( the time when most people would call you completely mad!) you stand to amke the most profit. THere is a higher risk factor only if you dont research the area first! Look for an area that appears to be dying or dead, remember lazurus was only sleeping! One major announcment of a new industry or major project by an existing industry can completely bring a dead town back to life. Look for the lazurus effect, contact the council that controls cobar and see if anything major is on the horizon. Hence could lie a big oppurtunity to profit for you.

On a lighter note, that was my longest post ever! Goodluck Am!

jared