The Australian property market in my view will not fall in fact in many pats of Australia we have a shortage of properties in many of our major cities. This is leading to an increase in rents. This is occurring because finance especially for development  projects is very tight. The solution is that we partner with people in mid size projects and…[Read more]

Although I do not like wasting money on cars I find that if you buy a used European can you get a lot of car on the second hand market. My wife drives a BMW X5 which she loves and I have a 2005 e320 benz which is a dream. Great cars and great value second hand

Hi It is a great idea and I do it al the time with both Property development in Australia and buying larger properties in the United States. Sure there ae issues but if it is set up well then it works. Generally the returns and profit are higher with larger deals. In property development there is a lot more profit in a 6 million dollar deal than a…[Read more]

Dont fall into the trap of buying cheap property just because you think it is cheap. Whether you are using a line of credit or cash you still have to put the value of the money at 6% plus. So when you are buying property you have to look at the net figure not the gross figure because by the time you take off property taxes property management…[Read more]

The problem for most Australians is that they do not understand what a $20,000 house is like. In most cases they are in slums where you would not want to get out of the car let alone buy.

I am directly involved with development and large purchases. Stop wasting your time and money on third rate investments.  The problem is that most Australians are buying cheap property in slums and they are using cash to pay for them. It is important to understand that they banks for the most part are not interested in funding property. However…[Read more]

Its sounds ok personally I do not see the point in buying something with little capital growth just to be neutral. However thats just my opinion. 

It comes down to what you can afford. Naturally a house in Camberwell is great but you wont get anything much under 1 million. Therefore the returns are not high enough. There is nothing wrong with apartments and townhouses. I have over the years brought a lot in places like Elwood though I looked at 20s to 50s apartments because they are large…[Read more]

that would wipe out most of the deals being offered by companies lol

You need to remember that most of these companies are really just trying to sell you property. As an example how many companies are selling house and land packages in outer areas. What you may not know is they are currently making around $30,000 per deal. One company was selling properties in Cairns because the commission was $50,000. Most of…[Read more]

Ever since this idiot Federal government came to power they keep wrecking the economy and tightening personal freedom. They are about control. The quicker they are thrown out of office the quicker sanity can return

You cannot not make a judgement on one months figures. You have to look at the very least 12 months figures and then look at the trends. These simply make quick headline grabs

Lets look at the facts. You buy a studio apartment that you are loosing money on and it has no capital growth. Why would you put your hard earned money into something that is unlikely to grow.

Investing is simple. If you are going to loose money you have to make it up with capital growth if its to be a worth while investment.

The fact is if you have money to spend be selective as to where you buy. There are plenty of better locations than Detroit

I understand that Jay commercial properties make more sense than standard residential properties. Though our development model in Australia is better lol

The only way I see that you can get finance is through commercial deals.

If you are looking at say apartment complexes you can get about 65% from a commercial bank.

Being able to leverage at 65% makes the deals far more attractive

Jay

I agree there are a lot of other bad areas in the USA Including ATL. The point is if you are going to spend your money there are plenty of better places top spend your money

Yea its gone up in value with all the idiots that have invested there. Dont waste your money on this third rate city

Chenelle

It is very important to do your due diligence carefully before proceeding. Most people loose money because they make hasty decisions based on bad advice. So do your own due diligence very carefully. So ask the following questions. Is the area you are investing in the best for growth? Should you be looking at other markets? Maybe you by…[Read more]

Hotel suites in my view is a bad investment. What you are talking about is something that will still cost you $130 per week. However the investment will have no capital growth. So you are loosing $130 per week for a product that will not go up in value. I am sure they sold you on negative gearing. This should be a secondary point. The investment…[Read more]