Chan,

I do like democracy, and I think it’s one of those values worth keeping. If we were in a country where we weren’t allowed to vote, and had either a dictatorship or a monarch ruling the country, I think we’d really want the ability to be able to vote.

kay henry

Thing is, Master sis, that if our expensive properties had potential for both CG and rental yield that was CF+, well, we’d all be in there doing the CF thing. If only our $300k property got $600 a week rent, well, wouldn’t we love that?

But *someone* has to buy nice houses and apartments. To suggest a beautiful unit with views, or a lovely landscaped house is a bad investment just messes with my psychology, because at the end of the day, being an investor is a psychology, and we do what makes us feel comfortable. Otherwise, we’d just feel off our heads all the time- completely worried about what we were doing. Who wants to have a nervous breakdown about RE? We just do whatever feels right for us- and that’s such an individual thing.

Sis, I will buy properties that suit my headspace. I’d have no probs with buying CF+ properties if I felt they were good buys. But do prefer post-1985 apartments- I am not a renovator, and wanna set and forget.

So I guess I’m something of a neg gearer but i do have a prop that is now 10% yield- lucky me and one day, when the money runs out for me, I’ll be a “wannabe gearer”- hehe. So I’m gonna try and buy up a few more IP’s before I’m 40, so I can continue to play this fun game of monopoly.

Best CF+ is Old Kent Road
Best Neg Geared is Park Lane

kay henry

My4, oh to be 24 again )

Sounds like you’re in a good situation. Did you/will you get a redundancy package? Or were you on contract work? If you werein permanent work, check out if a package is due to you- it will help you greatly

You said:

“I guess i’am trying to make the right decisions starting out instead of having the reverse approach that being make the stupid costly mistakes then ask for advise of what i did wrong or how do i ammend it to get back on track.”

depends on how you see the world… I don’t see “stupid costly mistakes” as part of my vocabulary. If you wish to, you can see the world as a learning curve, and that mistakes are opportunities for learning. (This comes from a person who has made lots of “irregularities on the learning curve”) [blush2]

If ya wanna have a social and sporting life, then do. We can be investors and still have a life! It’s one ofthe beautiful things about property- we can “set and forget” if we have a good property manager.

Good luck with your plans )

kay henry

Well written Anubis You said it much better than I could.

kay henry

Marisa,

The people above has spoken about high yields, and of course they are gonna take up on huge yielding properties where rent is king- great way to make money, so those CF+ properties are always gonna be a good deal, if the numbers stack up. That’s swhy the CF+ market will always be popular and it’s a matter of seeking out the deals and doing the numbers.

Other people like to find “undervalued” areas which might have plans for future growth (migration predictions, industry moving in etc). The IP one buys in this area might not be CF+ but the investor would be looking to achieve capital growth, and still gain a decent rental income.

For people like me, I’m happy to earn anything around 7%. I fugure the tenant and the tax dude pay off my properties mostly anyway, so I am happy to make the “investment” out of my own money because I love RE [inlove] and I think it’s a good long-term investment.

Oh, the old adage of buy in gloom and sell in boom, is probably less used these days, as everyone is HOLDING their properties. but yeah, the same principle applies when buying- basically, try to buy your property at a good value price. But I doubt people will lose a lot of money in the heated markets. I reckon value for good stock in sydney- even when it was at its most fervent heated prices, will keep its value.

kay henry

WAF,

Don’t be too hard on these folks. They are just trying to chill this topic out a bit. I personally think playfulness is not such a bad thing. There’s a child in us all, no?

kay henry

Well, Chook, the link you provided above was a lefty link, so if that’s your true colours… it’s easy to determine [smiling]

kay henry

ok, here’s a summary of my life.

[elvis] Me

[gorgeous] monika

[mickey] teddy

kay henry

Yes foston,

I remember the days of Whitlam- free University education! No HECS and no fees. Oh yes- free healthcare… and public school funding.

kay henry

Funny that Mr Triguboff seems to have changed his mind and his feelings are different to the comments he made in December:

Mr Triguboff stood by his prediction, reported in The Australian, that the buyers of 30 per cent of Sydney units purchased off the plan would default and lose their deposit because they could not get full finance from banks worried about falls in valuations.

“When the market was hot, banks were willing to lend the full amount,” he said. “But when the market is down, banks now tell their customers they will only get a smaller loan – not the full amount.”

What gives Harry?

kay henry