Thanks FWord, was thinking of John when I wrote that, can't recall if I mentioned him or not – I did in a post back or three though. I only heard of his data and statistics when I came across a free internet property course. It has taken them about 8 months to "sell" something, and a few good tips along the way, so some free advice which was nice.  Only 1/4 of houses are owned by investors –  that piece of information is comforting.

//The common theme between all of these countries is high levels of debt financing the property bubble, just like in Australia.//

I heard the same – like I mentioned earlier, from a recent Think and Grow Rich seminar – but they didn’t give figures for those who DO own their own homes, or at least those who have nearly paid their debt. I hear we have a greater proportion of home owners in Australia then a lot of the other countries who have gone bust?

I would like to think that we all can be givers before we make the big million. If we can't give now when we have little, how do we expect to give then when we have plenty? It doesn't have to be money, it can time, mentoring, knowledge, encouragement, etc. etc.

Wishing you all success and many happy returns!

D, 50 mil huh!?! and "I really want a big ass hedge and someone else to cut if for me, so I can look at it everyday and go, wow liking that hedge! " Hahahahahah! Good one.

I agree with Scott. A contractual agreement between "friends"; who can argue with that?

Hi Mattnz

I was aware of some pretty sensational deals. I don't know if those yields are still happening, however. I know of 2 people over there right now (one has come back to Oz for a while) who say that it more like 10-15% yield. I guess like anywhere you need to be in the "know" every step of the way where there is competition. I will check out your link, thanks.

MattNZ, sorry, posted before I had finished… another alarming figure we were given was that 5% of the $50billion credit card debt the country has was in default, 11% of home loans were over 90days overdue and 30% of non-conforming loans are also in default. *goes back to read rest of post one*

MattNZ

Can you tell me some of the areas in US where properties are achieving 20%+ yeild?

Cheers

Hi Kong

Oh, just the ears. It wasn't me that came up with the idea.

Perhaps we should just wear name tags – with our forum name. How else will we recognise each other?

Chittas

I have been looking at doing the same thing. In the Shire of Stirling, for instance, (I think I read elsewhere you reside in WA) one needs 3mts across the driveway if the current building is to be left, whereas if you start from scratch (vacant land) it’s more like 4mts. Google earth is one tool I used to get a quick look at the property and also compared it with what was near. I then contacted the Shire for more information. Also, this site proved to be helpful. http://www.landgate.wa.gov.au/corporate.nsf/web/Survey+Plan I think these are less expensive routes to follow before calling the surveyor. Hope you find a site!