Originally posted by YoungBumble:put another way.

What are some of the ways that people deal with peer pressure from freinds to spend money on luxuries now, rather than investments that build positive cashflow?

How does one comprimise and at the same time keep those relationships?

That’s better!!![biggrin]

Unfortunately YoungBumble, all too…[Read more]

Originally posted by aussierogue:i think if the market does drop another 15-30 pct then you are alot better off having cashflow type asstes rather than capital gains ones
Hi Aussie,

May I ask, as you saying “another 15-30%” on top of the drop already or in total??? Because if you expect another 15-30% on what may in some areas already be by as…[Read more]

Originally posted by Michael King:
Monopoly: you seem very scathing about cashflow-positive property investment. I agree with you that capital growth has worked as a strategy up until now. I have done very well out of it myself. The question is how best to use your cash and your equity, and whether your unrealised equity should be converted into…[Read more]

Originally posted by booboo:
Does any one else believe as I do that rents are due to go up[on the gold Coast and Brisbane]at least 20% in the next 12 -18 months?

Not likely!!! [blush2] Booboo you obviously have investments in these places, which is great, and although I believe slight rent increases will be experienced in most OZ cities over the…[Read more]

Waprincess,

I am assuming your “realtor” is your Property Manager (PM) and if that is the case, let him/her do that on your behalf. Most PMs do reference checks as part of the tenant screening and selection process. If you can’t trust your PM then you should reconsider getting another one that you can feel confident in, and that will act in…[Read more]

Hey Lisa,

Make mine vote no.3 for DON’T DO IT!!! [thumbsdownanim

If you are going to buy in a rural area, for pete’s sake have the good sense to find yourself a property manager, otherwise you are flirting with danger.

Please re-consider, perhaps not the properties (if you are convinced of their potential) but certainly the (long distance) self…[Read more]

Originally posted by Aafreen:
We’ve made the mistake of telling the agents how much is our maximum! and now when we ask them what will the vendor take, they would say, they might consider your maximum price.

Easy fixed, tell them you have re-calculated your budget, and the “sums” don’t stack up as they did, hence what was once a top purchase…[Read more]

Sorry been frantically running around with last minute “Christmas” [winking] shopping to notice [upsidedown] well that’s my excuse and I’m sticking to it!!! [laugh4][laugh4][laugh4]

No seriously, I hate shopping at the best of times but this time of year ESPECIALLY!!!! [wacko]

Jo

Aafreen,

According to latest domain property review figures:

Median house price: 315k up 10.5% with a 23.3% upward trend.

Total clearance rate between 2003-4 = 75.4%

Hope this helps.[biggrin]

Cheers,

Jo

3. Quality property, that will provide a modest (at this point in time) rental yield, but with ENORMOUS Capital Growth potential.

I buy for the long term, and as such, immediate high cashflow returns (albeit worthwhile and always welcomed) will not necessarily sustain the lifestyle I currently enjoy and wish to maintain.

For me, cashflow is not…[Read more]

Originally posted by booboo:
Hi
My first post for a while.
My question is,does anyone have the figures that tracks rent increases after property price booms.I am talking about the biggger booms which seem to happen every 14 years or so.
My reasoning is that if rents tend to go up lots 2-3 years after a big boom then now would be a good time to buy…[Read more]

Originally posted by resiwealth:i’m getting tired of answering the same (80%) questions … sort of.

Then stop answering them!!! Too easy!!! [biggrin]

If people are too lazy to make use of the “search” function on this site, what hope do they have in making educated investment decisions, aside from picking the brains of people like you and me…[Read more]

Hi Summer,

Yes I know Gould Street, but not being a “local” I was not aware of it being referred to as “long island”….thanks for the lesson. My understanding is that anything on beach side of the Nepean (which obviously includes “long island”) tends to have higher growth potential, but equally higher price tags. Nonetheless, not all…[Read more]

Hi Summer,

If you do a search under Frankston I think you will find a thread or two which people such as myself, Yack and Richmond have contributed to, which detail some of the pros and cons of Frankston & Pennisula (bayside) suburbs.

I myself have an IP in Frankston Heights, and believe that with both the new Marina in conjunction with the…[Read more]

Yack,

Why pay for landlords insurance for the sake of public liability which is part and parcel of most building insurance cover???

You could be saving yourself some money.

As for rent defaulting, I don’t take out landlord insurance solely for this reason (in fact, I could not care less about this aspect) it is more about “malicious damage”…[Read more]

Originally posted by wayneL:
Serious? A tad off ridiculously overpriced isn’t bargain basement.

Even Aussies 30% still won’t be bargain basement.

Reasonable value maybe, but not bargain.

Okay, what in your opinion is “bargain basement”???

How LOW would you go???

But I take your point, prices were over inflated, so the “correction” is…[Read more]

Originally posted by Greg F:
I’m thinking of a few scenes before those comedy classics, when the father made his daughter stick her backside out the back window to go to the toilet? Ass out in the cold indeed…..Very, very funny.
Can’t think of the first one off the top of my head, but the one mentioned above I watched only recently yet still…[Read more]

Hi Greg,

Long time no speak!!! [biggrin]

Okay okay, back to business…..with regard to landlord’s insurance and the question of “is it worthwhile”??? Let me paint a picture for you:

I was an 18 year old kid eager to tissy up her first property (initally PPOR) thus spent a fortune restoring the old girl back to her original glory; it was…[Read more]

Murph,

Did you inherit the property??? [blink]

Sounds like something I was told back when my mother passed away, and solicitors threw this “2 year period” at me during probate stages of settling her estate.

If so, you may need to check with a legal eagle, as I believe the 2 years has been reduced to just one.

Cheers,

Jo

Congratulations LifeX,

At least you got off your butt, did your homework and PURCHASED a property, which may well be worth less (careful how you read that) in 2005 (who is to say for sure) but sooner or later, IF you have done your homework and investigated adequately its growth potential; you should end up the victor.

My sincerest…[Read more]