Hi pleong,

Having worked in the fire services for many years, I can tell you that security grilles on windows are dreaded not only by burglars but in particular firefighters. In the event of a fire, security bars/grilles can be extremely dangerous as they hinder access by emergency service personnel, not to mention become death traps in…[Read more]

Awwwwww Sonja,

That is soooooo beautiful!!! Such a lovely story [inlove]

Glad to see I’m not the only one here with a “toy boy” [winking] YAY…We older women rock!!![medieval]

Jo

Originally posted by kay henry:
Meriton has built a number of new unit blocks in south yarra- oh dear.

Oh dear, I think you’re mistaken there – No, THEY didn’t!!!

Nonetheless, Bennido has clarified it’s not new, but the real issue of concern for him is the CG in the area and his financial standing, not the age of the building. Aside from his…[Read more]

Hi Rugbyfan,

I think it is a lovely shot of Jars11; it doesn’t look too glamour shot to me. Besides, the same could be said of mine, which BTW is not a glam shot either except for the corny fake background thanks to our photographer (family) friend’s creative initiative!!! [whistle] (Bless Him)!!! [wacko]

I think “wannabees” is a bit harsh; I…[Read more]

Originally posted by bennido:
I bought the apartment before I read Steve’s book so I guess I was “suckered” and went with the crowd on the -ve gearing hype. Thankfully, I have a very stable tenant thus far.

Bennido,

I don’t think Steve or anyone here would agree that you were “suckered” into the wrong way of investing. There are advantages and…[Read more]

On quick observation Yack; it’s too long a period.

It may seem to be attractive in comparison to what you are currently paying, but 15 years in property investing is IMHO too long (that could equate to 2 cycles).

Anything could happen….

Jo

Hi Bennido,

I was under the impression that you were “new” not the apartment. I’m curious to know, is it a new or newish apartment? South Yarra is a relatively well established area and I didn’t think that there were any “new” sites being constructed. However, times have changed, and if this is the case, and it is new(ish), then all the more…[Read more]

Originally posted by GreatPig:
I have recently purchased 2 new IPs
So you bought them outright too (ie. no finance)? That’s right GP, no finance.
I have 5 degrees in total (2 undergrads), an Honours, Masters and the PhD
If bachelors, honours, and masters count separately, then I have three [].
Yes they do; and yes you have three (well done)!!!…[Read more]

Hotshot pleazzzzzz !!! [blush2][blush2]

Such lovely sentiment everyone, how beautiful !!! [inlove]
Aussie, you softie you!!!
Wallflower – we did well girl !!!
JetD – I’m sure you will have plenty of love to go round should you decide for one more; that’s the beauty of one’s heart, it boundaries are infinite!!! [inlove]

Jo

Hi GP,

You remember correctly, I have recently purchased 2 new IPs – one in Mornington (which settles on Friday) and one in Frankston (which settles in August – can’t remember the exact date sorry). I recently sold 2 others (about a year ago, so I guess not that recent hey??). I will continue to buy, only this time my next IP #5 will…[Read more]

Hi bennido,

Many may disagree with me, but what the heck!!!

My opinion: HOLD

I know the Melbourne RE market only too well at the moment, I live in it too!! [glum2] But South Yarra is an affluent area and will always be worth a bit, and in better times it will pay off.

Jo

Hi GP,

Owning everything outright I guess that puts me at the 100% equity level.

Why??? Because I started investing at 18, purchased my first home for a measely 27K and sold it (and others) for a much higher price in boom times!! Not to mention, working 2-3 jobs at times, studying like mad in between (getting my PhD) and working for myself.…[Read more]

Hi Taz,

You have touched on a very “sensitive” debate here as far as property investing. That is the one of morality vs practicality (or other such terms). Many will argue that in business there is no place for emotion, hence morality or ethics play a small role (if any at all). Others will beg to differ and vehemently dispute this with their…[Read more]

[thumbsupanim] HAPPY BIRTHDAY[thumbsupanim]
SIMON!!!

[sunny]Hope you have a WONDERFUL day!!![winking]

Babu88,

You are not legally bound to pay for ANY goods and/or services to which you either did not request OR were not notified of. You have the right to seek reimbursement if you have already paid these accounts.

Jo

Why would you NOT be interested in any taxation benefit??? After all, there are some that would argue that they can get back ALL their expenses as a tax deduction, which to me, would be nothing short of a bonus, wouldn’t you agree???!!! [blink]

Basically, what I am trying to say here is, whatever vehicle you use (trusts etc) don’t totally…[Read more]

What kind of fundamentals are you referring to SuperTed???

Hi Marisa/Diclem,

Having worked for a company predominantly funded by insurance companies, I understand the reasoning behind insurers raising premiums for policy holders who make repeated small claims. This is done so as a deterrant, for one of many reasons, and therefore my advice to you Marisa, is wherever possible, try and cover the small…[Read more]

I met my (6 yrs my junior) “toy boy” husband #2 at Myers (Grace Bros to non-Victorians).

I was shopping for a xmas gift for my son, and couldn’t find the sporting section, he was one of those covert security guards (no uniform, just suit and tie, real yummy look). He was following me around the store, staring at me for the longest time and it…[Read more]

Hey Westan,

Man there’s a concept that I hadn’t heard since the 80’s!!! Didn’t even know if was still going.

Don’t know how good it is, but hope others do, as I would enjoy reading the info myself.

Jo