Forum Replies Created
- Quote:Originally posted by The Mortgage Adviser:
I am so over Coogee. I call it ‘The Mini UK’ as a result of all the English, Irish and Scottish that hang around. You have to love the songs on their way home at 3 am or the bins flying and cars being kicked if their team loses in the soccer. How about the shop windows being smashed if they don’t find a girl to take home that night???
By the way, we are on Coogee Bay Road just up from the CBH and on the preferred route of the Coogee RSL locals on their way to the CBH. It cannot get any worse. Fight night at the RSL is just trouble personified. The Lakemba and Campsie boys come in their droves.
I am considering moving into a high-rise unit in the inner city. I will make my decision soon when I determine which job I will take but anywhere will be better than Coogee for me.
I was recently told by a policeman that Coogee had one of the highest break into vehicle rates of anywhere in Australia.
I guess there is good and bad everywhere.
Robert Bou-Hamdan
Mortgage Adviserhttp://www.mortgagepackaging.com.au
Investor Links
[/quoteThat was exactly my point, if you ask me where would you want to live if money wasn’t part of the equation – at the moment and for the last 12 years, where I live in Coogee NSW. – except if I had a lazy $20m to spare, harbour front in Point Piper would be good , lol.
My point ? – Robert and I live in the same suburb, have totally different outlooks, even within 1 suburb there are different nuances – i think it all comes back to understanding the area you are buying in.
“Bondi Heights to try and give it some exclusivity. I always asked them – “Oh, do you live on the steep hills of Bondi?”. They never liked this question.”
lol, at that comment because it hits “home”.You will appreciate this because “I know where you live” (picked that up from a public post you made here or somwhere else), but I tongue in cheek tell people I live in Coogee Heights.(Differentiates where I live from the backpackers, CBH etc….), lol
To the topic… suburbs to avoid is really a big qustion. “everyone” says avoid inner city apartments, but I have one in Surry Hills returing close to 5.0% gross. Not cash flow +ve, but that sort of yield is hard to get in Sydney.
My investment telescope is focussed on the northern NSW coastal area ie north of Newcastle.In Sydney, can only comment on my local area and I really couldn’t see people losing out by looking at Maroubra/Randwick/Kennsington/Kingsford – alot of units for sale, but demand will always be there. I must be getting desensitised to pricing, but when I see a 1 bedder for $290- $350K, I think gee that sounds cheap.
regards,
Paul
Originally posted by ANUBIS:Could be that this forum is very biased towards CF+ and wraps as these were Steve’s tools of the trade. There’s only so many times people can be bothered answering “Where are all the CF+ IP’s?”.
.. thats what I was getting at in a subtle sort of way, if you have to ask those sort of questions you really should keep whatever cash you have in a bank cash management account. Stay away from the risks of investing in property.
Paul
Hi Benedict (Are you the Pope, lol)
Like you I am a long time lurker, long time learner but rarely post because there are so many guru’s here that know their stuff alot more than I. Whats that saying “better to remain silent and appear to be a fool, than open your mouth and remove all doubt”.. something like that. I have found that following the threads is very educational and if I had something constructive to add I would.
Having said that I can understand how the elders of this forum laugh/cry/get irritated by continual newbie posts along the lines of “hi I’m 18 and new to this cash flow positve property stuff, can someone please tell me how I can start making $1m pa starting tommorrow”‘
Even at my stage I’ve got to laugh/cry/think to self “go away and come back when you grow up”/ think to self “hang on.. its people like me and my generation that brought people like that into this world.” God help us when the next generation is running the planet, lol. They think they know everything but when it comes to reality its like..” oh, huh…whats this mean… theres nothing about that recorded on my IPOD”
regards,
Paul
Originally posted by Just Learning:Originally posted by Just Learning:Originally posted by landt64:Here’s another one.
You’ve got a bag with 50 gloves inside. 25 left and 25 right. How many do you have to take out before you have a pair.
LandtIs the answer 2 – you just need a pair, not one left and one right ?
regards,
Paul
… or if you wanted to have one left and one right, then 26 ie worst case scenario is you pull out all 25 left, then the next one must be right and vice versa.
Paul
Landt – was it 26 or 2.
I have no idea about the one with the man walking into the bar – but I have heard it before a while ago. Can’t remember it – I think alcohol has killed too many brain cells.
Originally posted by Just Learning:Originally posted by landt64:Here’s another one.
You’ve got a bag with 50 gloves inside. 25 left and 25 right. How many do you have to take out before you have a pair.
LandtIs the answer 2 – you just need a pair, not one left and one right ?
regards,
Paul
… or if you wanted to have one left and one right, then 26 ie worst case scenario is you pull out all 25 left, then the next one must be right and vice versa.
Paul
Originally posted by landt64:Here’s another one.
You’ve got a bag with 50 gloves inside. 25 left and 25 right. How many do you have to take out before you have a pair.
LandtIs the answer 2 – you just need a pair, not one left and one right ?
regards,
Paul
OSS
Thanks for taking the time to research this, will study your reply and use it to help me work out what to do in conjunction with solicitor
JL
Thanks for taking the time to check it out. Would appreciate any further info you dig up. I have heard something about Testamentory Trusts, I thought they were brought into being by a will. I was more thinking of willing to an existing family trust, until the children are old enough to control their own affairs.
I know this is a fairly “morbid” topic, but its something you have to consider when you have a reasonable asset base and children. Next piece of the puzzle I have to work out is who do I “trust” as trustee when and if my wife and I drop off prematurely…hmmm- just a thought concentrating on the “”people”” side of our business, maybe your “”tennants”” are in the middle of some sort of relationship/split up crisis, in which case taking possession of your property is probably the least of their priorities, especially if they were going to do it joint and now there is only one of the (which one ?). As for growing hash, well not sure where you are, but that seems to be a preoccupation with the SA members. There was something on the TV news here in Sydney at the weekend about people renting houses to do that, but they weren’t worrying about doing it in the ceiling. It was more like in the livingroom and/or backyard
ignore it, it is the self rightous bible bashing rednecks that give christianity a bad name, willing to bet he is from qld or north shore sydney. Me – practising Catholic and proud of it, but this isnt a religon forum
