Originally posted by rodneybrian:
Having the interest rates as low as 5%, say, 5-10 years ago as opposed to 7% and up now would have made it a lot easier to find positive cashflow propertys.

When were interest rates last at 5%? Certainly not 5-10 years ago. I think you’d have to go back to the 1950s & 60s to find those rates.

And even if you…[Read more]

I use http://www.arta.com.au/

Covers the bigger regional centres at least.

Regards, Peter

Originally posted by Native_MetaL:
you will need to signup for the monthly newsletter to get the Ebook but i can tell you its worth it
from memory its about 20 pages full of great tips on negotiation.

Sounds good.

When I subscribed, I was offered a bonus report (16 questions for all property investors).

But I can’t find anything on the website…[Read more]

Originally posted by ginamarree:
Hi, I have found heaps of bargins at garage sales and through the neswpaper ( trading post, weekend shopper – in QLD).

OK OK this seems to be going into a competition into whose the cheapest, so I’ll toss my (used) bit in as well []

I find the monthly unburnable rubbish collections are great. And the council…[Read more]

Originally posted by scruffy1837:

if i’d listen to PeterP i’d not have invested as he seems to feel that rural investment could be a mistake at the moment for begginers

Actually your investment sounds fine, provided you’ve done due diligence and are satisfied that the place has a future : )

If you put down $20k on a $100k cf+ property, by the…[Read more]

Originally posted by Ret:
dvane

we all know that in the long term all markets rise.

Do they? I know of properties in regional centres (pop 20-30000) that have sold for less now than 10-15 years ago.

A lot of the long-term extrapolations over the last 30-40 years were done over periods of high inflation (late 60s to early 90s).

After…[Read more]

Forecasting is a mugs game, but I’ll be one today!

My tip is that those markets likely to do worst in the next couple of years are those where there has been a mismatch between investor activity and future supply needs in an area.

For me two areas stand out as being ripe for a fall:

1. CBD apartments (vacancy and comparatively high rents…[Read more]

Originally posted by Hux001:
A good site to look at is http://www.simplesavings.com.au

Another is Frugal Living:

http://frugalliving.about.com/

Many, many ideas.

But you know when it’s time to stop if you’re spending so much time saving money that there’s no time left to make money ; )

Peter

Originally posted by Still in School:
Hi Yack,

Another good person to add to that list, i think is Margaret Lomas. Shes a more in between Jans Somers and Wakelin/Fitgerald.

On my diagram I put Lomas midway between McKnight and Somers.

This is because:
1. McKnight insists on positive cashflow before tax
2. Lomas insists on positive cashflow…[Read more]

Hi Dougall

They’ve been around for at least a little while (assuming it’s the same Heritage that’s here in Melbourne).

I went to one of their freebie seminars around 1999/2000. Slick with music and flashy overheads. It was aimed at middle aged highish earning people who owned their PPOR.

Basically it’s the standard negative gearing spiel.…[Read more]

Originally posted by yack:
Have you read any other books on property investment in addition to Steves. There are many good ones out there. My first ever books on the subject were Jan Somers. My advice to anyone after they buy their PPOR is to read her stuff.

Or why not before they buy their PPOR for that matter? []

I notice that your own…[Read more]

Originally posted by Pisces:
Royboy said : ‘ Most of Collie is for sale (good bargains if your looking for a ghost town).’

A cult like say a Rashnich type group (the people dressed in either orange or red) may be interested in setting up in town.

The Rajneeshees tried to set up outside Pemberton back in the 80s. Who can forget Baghwan with…[Read more]

Originally posted by lgregory:
Peter,

As a newbie – I’ve one question. With a lot of had work, can you still get properties that yield 10%?? in NSW or VIC

NSW and Vic are not my areas of interest, so I have not extensively researched this.

But other people have reported finding such places (usually in very small towns) so they must still exist…[Read more]

Originally posted by freedomfinder:
cmon guys, help us on our quest towards finding freedom, if your all serious investors and researchers i can understand wanting to keep some info secret, but sharing is caring

To answer this I’ll start by asking what would be more caring – providing a list of town/city names to start off with or suggesting how…[Read more]

Originally posted by PurpleKiss:
And how do you find our vacancy rates for country towns?

Though not very scientific, I can think of a few:

1. Check rental lists and see how long the same properties remain on there

2. Talk to property managers about the type of properties most in demand

3. Walk around suburbs known to have large numbers of…[Read more]

(34) Aggressive for me too!

That’s even though my portfolio bias has always been fairly evenly balenced between income and growth, which according to them is a more conservative position.

No questions on attitude towards borrowing for investment (this would really seperate the aggressive from the conservative IMHO).

I also agree with Richmond…[Read more]

Originally posted by rodders19:
I would asked him if he was such a good financial planner then why does he need to work for a living???

And also how he gets paid (probably by commission on the managed funds he sells)!

One of Jan Somers’ books talks about how property education is not always included in what financial planners learn and that…[Read more]

Originally posted by beerboy:

as soon as i mentioned my gross income 35,000 which is bugger all i know he laughed.
he told me to pay off my house first and keep buying lotto tickets.he said if u win 100k come and see him.

This sort of thing makes my blood boil!

Paying off the house first *may* be sound advice, but lotto tickets is definitely…[Read more]

Originally posted by Pisces133:

Or having some of one’s money either in the share amrket or perhaps govt bonds ?

Then again who has money to spare for that

Those of us who have a balanced portfolio of which property is a major (but not the only) part do.

In this thread I think we witnessing the (re?)birth of the ‘defensive investor’?

My tip…[Read more]

A most unlikely source, Thomas Stanley’s ‘Millionaire Mind’ has about 40 pages devoted to ‘choice of spouse’.

His recommended meeting places seem to be universities and church youth groups.

Regards, Peter