Forum Replies Created
Hi Warren,
Tenants are THE MOST important factor for ANY investment property, CF+ or otherwise!!! Without them you have no cash!!!
As for DD; it should be IMO a do-it-yourself, learn as you go thing, although a little informed knowledge from those who have been there is always going to make things a bit easier. So please, feel free to ask away!!! Plus remember, to read and talk lots to anyone in the business of property investment/management!!!
And finally, I know you meant nothing by it, however as a kid, I remember my dad always telling me “you should never make light of another’s misery”; sure you can learn from it, but you learn more from the mistakes you make yourself; as they will be the ones which make the most lasting impression!!!
Cheers,
Jo
The RP data link is:
http://www.reports.rpdata.com.au
Another “suburb snapshot” site can be found through http://www.domain.com.au which is also worthwhile looking at.
There are others, but I can’t think of them off the top of my head ATM.
Cheers,
Jo
JetD,
It appears my reply post was deemed inappropriate, and consequently so too my thoughts on your rhetorical question. Part of the answer to your question was contained in my response but I guess it ‘s wording was not to your (or another moderator’s/admins) liking.[blink]
Hence, as my thoughts on this matter were silenced, I have no option but to sit this dance out (so-to-speak). But hey, maybe I’ll just sit-back, read and learn, as you enlighten me with what YOU yourself would/could do!!!
Jo
Originally posted by Jaffasoft:In terms of a Positive Cash Flow property I know that a house 100,000 and rent of $100 would be way in the negative of around -18% CoCR or -$80 a week in expenses – lose.
The yield tells you what you have just described, whether it is going to be negative, neutral or positive geared. How much you get in the form of rental return is a integral part of this type of investment vehicle, and I can’t see how anyone would buy a property without knowing what kind of yield/return they will be getting (either gross or net)!!!
The yield will not however, tell you if the walls have structural damage, whether the foundation needs re-stumping, the floorboards are have rotted away.
Yield is strictly for FINANCIAL information.
Cheers,
Jo
Yes I have to agree emc,
I got this emailed to me yesterday too!!!
It is definitely the BEST blonde joke of them all!!![laugh4][laugh4]
Cheers,
Jo
Hey emc,
My list is long…….but predominantly I work voluntarily in a women’s refuge because I feel strongly about the prevention of domestic violence against women.
Aside from that, I am probably like most people, in that I believe in and try to support/donate to most worthy charities such Red Cross, Children’s Hospital Appeals, Worldvision, Cancer Council Research etc etc etc.
Cheers,
Jo
Oh dear!!![blush2]
Thanks Aussie/Simon,
I only got emailed it yesterday, oh well….it was worth a giggle!!!
Cheers,
Jo
I never said it was incorrect, I said it shouldn’t have been any more “interesting” (surprising) than….
I was grammatically showing the difference due to your emphasis on my use of the word “abolish”; that’s all!!!
Cheers,
Jo
Fair enough Kay, but your comment (previous page) didn’t convey your message in this regard. In fact it came across as somewhat sarcastic, strange that???!!![blink]
As for the use of the word abolition (actually I used the term “to abolish” but hey, now I’m splitting hairs)!!! Grammatically speaking, it’s no more interesting than Celivia’s use of “redundant” or the implication of “redundancy”!!! Allow me to demonstrate with a bit of semantics, if I may:To make something redundant is to terminate it’s employment, hence the building cannot be made redundant, the staff can!!!
To abolish the school, is to close IT down, and thus make the staff redundant!!!
Hey if we’re going to discuss [grad] the education system, may as well make sure we demonstrate good grammar hey??!!! [grin]
Jo
Eewwww !!!! shocked2]shocked2]shocked2]
Heavens I only just noticed Madcat said 40K with 150 p/w rent, I read it as 80K with a 150 p/w, giving you 9.8% gross return!!!
Certainly, these kinds of returns are NOWHERE to be found ANYWHERE in Oz!!! Well not to my knowledge anyway!!!
Jo
Ditto Trish,
I too can help with Vic REAs, although +CF properties in Victoria (not too sure how you’ll fare on that note) maybe Westan can shed a bit more “positive” light some country Vic regions!!!! [thumbsupanim]
Cheers,
Jo
Hey Diclem,
That’s great; congrats on the anniversary!!!
Don’t be so modest though, apart from learning, you also taught and inspired many others along the way!!! [medieval]
Well done!!! [thumbsupanim]
Cheers,
Jo
Firstly Kay, unlike some who when corrected for their inaccurate statements, I am woman enough to admit my error!!!
And on this occasion, you are quite correct, John Howard did in fact attend Sydney University (it was the other PM whose surname also starts with a H (Hawke), that I later remembered going to Oxford).
Secondly, in light of your recognition that to be a product of a system doesn’t mean one has to defend it; am I correct in assuming this what you are inferring in your response post……???
Abolition? Yes, we are certainly a product of our environment and schooling :o)
It seemed strange to me, as my post clearly stated that I DID NOT support the abolition / redundancy of private schools; in fact, I do not favour one over the other; on the contrary, both IMO have merits!!!
Oh well, back to dessert….Humble pie anyone??? [blush2]
Jo
Oh look it’s little Johnny Howard, the man who “dislikes” private schools, but he himself was an Oxford/Harvard graduate (must look that up)!!!!
Anibus,
I think this is where the problem lies in your debate with Kay.
From what I have read, you are referring to public vs private schools generally (or at least not exclusively targetting universities) whereas Kay is referring to private schools vs public universities funding. University funding is a different ball game, as it is funded by so many other outside bodies (ie. Corporate organisations).
Me thinks it’s the “universities” that is causing the crossed wires here???
Jo
Madcat,
Yes these kind of yields are possible, although mostly in remote rural areas throughout Australia (in Victoria almost impossible) and growth potential for same can be very risky (at best).
On the other hand, there is always New Zealand, returns are still very good, house prices still very affordable, and your chances of high returns (and CG) are more probable than currently available on our shores here in OZ!!!
Current rental yields in most major Australian cities is between 3-4% with some areas being slightly more or less.
Cheers,
Jo
Hi Piper,
From personal dealings, I have found Nelson Alexander (Fitzroy branch) exceptionally good property managers, and even better sales people!!!
PM fees generally around 7% + GST however if more than one property, you can often negotiate down to between 5-6% Aside from that there is the usual re-letting fee (normally one week’s rent) and a monthly statement fee of $2 or $3.
Hope this helps,
Jo
Hi emc,
I have no problem with yours (or anyone else’s) personal view of private schools. However, I do object to people making unfair judgements on same purely based on a narrow-minded view that one is better than the other!!! To me, that is complete nonsense!!! There are pros and cons on both sides of the fence, and I think it is would be great if ALL children could have the opportunity to attend either, but unfortunately, I realise this is not always possible!!!
Both my children attend(ed) public primary schools (my daughter is still at PS) and at the end of Grade 3 (roughly aged 9) we would have a discussion about where they would like to go; we discuss the differences between the two types of institutions, and the final decision is theirs. If they are unclear at the time, they stay put, and we review the situation prior to them commencing secondary school.
Of course, as Anibus said, location is a very important factor which, although they have the choice, I don’t want my kids travelling an hour or more to school and back every day, so there are SOME restrictions, but this is unrelated to the Private vs Public debate!!! Personally, I don’t like to buy into that, because I value BOTH!!!
Cheers,
Jo
Originally posted by Celivia:Quote:Well, the overall amount of students requiring education won’t change after abolition/redundancy of private schools (not sure of the right term for this), so the funds will still be needed for education.
I’m not disputing this in the slightest!!!And don’t forget that demands for good public education of ALL parents, instead of just the 70% of parents will have a stronger effect on govt decisions to improve public education. Which govt would be risking cheapskating on frozen educational funds- there would be too many holes in that kind of ice for them to fall through.[fear] One would hope!!!
Of course it is important that children have a choice.
But whose children? All children?
Do the children of low income earning parents have this choice as well as children of high income earning parents? This is a socioeconomic dilema as children of low income families have it hard on many levels. The inbalance is grossly injust, however I am not asking IF they can or cannot; all things being equal (which of course unfortunately, it is not) you will probably find MOST kids don’t care one way or another where they go!!!Parents have a huge influence on their kid’s choices as well!
It goes without saying!!!If all schools were public schools, and a whole smogasboard of different types of schools were available, then all children would have a choice.
Define “different” [blink] ??? Smaller class sizes??? Teachers who were happy to settle for lower paid (public school) wages??? What??? This is a very blanket statement. As a parent, I want to know what “different choices” my kids have???It’s not like they are pushed into a school where they don’t want to be.
Given the choice most kids probably don’t want to be in ANY school most times, but that aside, this is not necessarily correct; MANY children ARE PUSHED/pressured!!!They have many choices.
Schools would have equal value in the eyes of parents, and in a community.
It would be more a choice of their own.
If society changes it’s perceptions, then yes, all this will come to be (fingers crossed hey???)Originally posted by kay henry:Abolition? Yes, we are certainly a product of our environment and schooling :o) Ouch, that sparks; sarcasm or jealousy Kay, either way not pretty!!! [blush2]
As for “abolition” Kay, I was continuing from Celivia’s remark who said she would like to see private schools made redundant!!! But then, that’s different is it???
Personally (as stated in my post), I have no desire to see them abolished, made redudant, whatever term suits you. I too see there is a place (need) for private schools, I’m just saying MORE money (yes, definitely more) should be re-directed into public schools to help even things out a bit!!!
Celivia said:
All funds set aside for the pampering of private schools could then be redirected into public education.
Hardly!!! It would be nice, but just because funding is no longer required in one area, does not necessarily mean it will be allocated back into a similar one!!! I’m sure our politicians will conjure up some ridiculous justification for spending it some less deserving venture!!!Kay said:
Howard is the first Prime Minister to have only attended public schools in his education-
Not so; he went to (I forget which now) one of the world leading Universities, Oxford or Harvard!!!
seems now though, he has the same feeling as forum members- he just doesn’t like ’em.
Funny, that’s not the impression he gave in a recent ABC interview, but who knows that may well be the case today.Finally, as for the notion of “choice”; I was referring to the child’s choice as opposed to that of the parents!!! Perhaps if more parents allowed their children to choose which school they wanted to attend, things would be different????
Oh well, one can only hope hey???
Jo
