I own a lot (3 rooms) in a over 50’s accommodation. Returns $20000 – $24000 per year profit (yes after all fees). Bank wouldn’t lend so used capital from another property to fund. Great returns, little or no capital gains. Just don’t put all your eggs on the one basket!

Just to let you know what suits us.  We are very handy and look for houses with problems that nobody wants and we can buy  cheaply.  We do the ncessary work to bring the property up to scratch and then decide whether to hold or sell.  Just to give you an example we are about to settle on a property that has had termites.  The previous cont…[Read more]

Hi all,I drive a 95 Mercedes S class.The reason why:We lived near a busy intersection in Brisbane and over a 3 year period saw many accidents and deaths.  Very Scary & horrific…… whichs makes you paranoid.  The only thing you have in an accident is the metal around you and with 3 small children l want to protect them best l can.  Our first Mer…[Read more]