I have never used them but get their hot property deals.

If they advertise ‘high cashflow’ places in WA you can bet your bottom dollar they will be in Kalgoorlie. The rents claimed could be achieveable, but would normally be for fully furnished places, which would bring additional problems (as well as higher management fees). Take out the…[Read more]

‘I worry about spending the next 4 years losing money paying someone else’s mortgage while renting. At $280 per week that rent would amount to $58,240 of dead money over that time.’

Julie – two words: OPPORTUNITY COST

To overcome that $58k worry work things out on paper.

Consider:

1. Buying your own PPOR, saving the $280pw but exposing y…[Read more]

Originally posted by wormit:
I scanned the West Australian This morning and found it impossible to find a property that came close to the 11 second solution return of 10.4%.[crying]

To quote Steve on page 321, ‘keep looking’!

The main problem is not so much that 10% yields don’t exist in WA, but that there is a high likelihood that the…[Read more]

Assuming that the landlord sees cashflow (rather than capital growth) as their main route to wealth, $100pw is a hard ask and somewhat below where the market is at in most places.

However you might just be able to get something in Sunshine, Moe or Morwell for that.

Around the eastern suburbs of Melbourne, you’re doing well to find a 1br flat for…[Read more]

Originally posted by RussH:
Dont touch Norseman

As they say, when one door closes, another opens.

Ravensthorpe might be worth investigating, due to the proposed nickel mine.

Peter

Originally posted by HousesOnly:[/i

So you are suggesting that the 0.65% increase in our population from immigration (excluding the declining birth rate) will have an effect on the property market?

Short-medium term demand for housing is driven by the rate of household formation.

I agree that at least in the major cities immigration is a…[Read more]

Originally posted by Actube:
Hey people,
Basically I am lacking a little bit of brain storming activity. Hopefully you could help me out with your skills? I wish to purchase a unit or house to rent out. I am currently having a problem selecting a suburb to investigate?

Hi Steve – none of us will tell you where to invest as something OK for one…[Read more]

Originally posted by hissho:
G’day

just got a few questions after reading an article titled “rich switch from property” by Fiona Tyndall in AFR.

“‘They are now exiting that market, if they haven’t already.’ Macquarie bank’s associate director of wealth management, Doug Webber, said there had been evidence that people in the top income brackets…[Read more]

Originally posted by kay henry:
Peterp,

That’s a really good post- thankyou :o)

Thanks Kay

>In a geographical area such as Geraldton, there >will be good and less good areas in which to >buy.

My experience was the opposite. When I arrived there in Sept 03 the recent buying activity was cheap houses in the cheapest suburbs – eastern states…[Read more]

So many points arise:

1. My experience:

I spent 2wks there in Sept 2003 where I picked up a 2br b/t duplex in Bluff Pt (already with tenant). The price and rental would be similar to a house in Rangeway/Spalding. All the PMs and my own reserch revealed that Bluff Pt was a popular area and had low vacancies. And 7 min walk from the beach…[Read more]

What you do depends on what is more important – early financial independence or owning your own home. However you should be able to have both in time.

I would sit down and do some sums.

If you’re paying rent in a capital city (especially inner-city) you might be better off to keep renting and buy a couple IPs.

The IPs will give you a good…[Read more]

Originally posted by Rugbyfan:
Basically it dispells the notion that you need older rural properties to give you cash in the hand. You can find +ve geared properties in capital cities – therefore CG should be higher.

I would ask where the positive cashflow is coming from – mostly rent or tax deductions.

Very few properties in metro areas would…[Read more]

There’s always the possibility of a duplex. The advantages and disadvantages are midway between houses and units.

Like a unit they may be on a strata title, but there’s no body corporate fees. They might be as big as a house inside. The chance of the next door one being for sale or rent when yours is is low. But you can’t dramatically value…[Read more]

Originally posted by Risky:
Yesterday i travelled for 10 hours on the hope to put offers on some + cf properties. I started at Northam then York,Brookton,Narrogin,Williams,Collie,Harvey ,Woroona, Pinjara and back to Perth.

The average quality of cheaper houses in some of these places leaves a bit to be desired.

I’ve thought that some of the…[Read more]

Originally posted by madankumars:
guys

$419,000 for 2 bed / 1 bath
$459,000 for 2 bed / 2 bath

Those prices are about double what I think they’re really worth!

Though Southbank is near the CBD it can still be a fair hike. A good suburban location within 5-10 min walk of a supermarket, local shopping strip and the station I think would score…[Read more]

Originally posted by kay henry:[/i

Cel, you can go to the monopoly.com site. They have all different versions for different countries. Might be Australia’s time to make up our own )

kay henry

Why not get to work with sticker paper and a colour printer to produce an Aussie stick-on kit for your existing set?

You’d also need to change the title…[Read more]

Originally posted by wayneL:
I was listening to the ABC this morning and the Ed in Chief for the economist magazine was saying that property in USA, Ireland, Netherlands, UK and AUSTRALIA is grossly overvalued.

The thing that irks me most is when people make such sweeping generalisations about ‘the market’ or ‘Australia’, when there are so many…[Read more]

Originally posted by Chan$:

Quote:

I am sure you can, if not you can alway do a transformation…

Maybe that’s what they mean by their ‘Million Dollar Makeover’ !

Peter

Originally posted by krazystyler:
If you are interested i am looking for partners in a great deal in Queensland. There is great potential for isntant equity, fantastic growth and good returns. There would need to be 4 people (myself one and a friend another) with around 25k in cash or equity.

It might be a great deal, but if I were you I…[Read more]

Originally posted by manofaction:
Can men join this organization?

Well they can certainly pay $1997 to go to their seminars! Bringing your partner is encouraged.

Break Free Events has just sent out a 16-page advertising spiel on their ‘Secrets of Growing Rich Super Conference’.

She is big on cashflow (not equity) is not into wraps and says…[Read more]