Forum Replies Created
a friendly tip… try using the search function before posting… buying in NZ has been discussed ad nauseum.
cheers
rthrow some numbers up for discussion…
cheers
rok yack, here’s a list, not exhaustive though.
2004
1. enjoyed start of married life
2. sold holiday house – clear profit of 170k
3. paid off PPOR with said profit and eliminated all personal debt with left overs.
4. got a pay rise with promise of another in 2005
5. set up hybrid discretionary trust through Dale Gatherum Goss (wish I’d done it earlier)
6. educated myself more re: shares
7. cleared a couple of acres at the ponderosa with future plans of planting grapes so I can make wine.
8. continued to develop our ever growing orchard
9. whacked in a vegie patch which is coming to fruition.
10. watched 2003 purchases rise in value by 45% with yield on purchase price of 9.95%
11. spent way too much time on internet forums2005
1. baby due in July, ’nuff said.
2. go into partnership with my step father and his sisters to develop a deceased estate that was left to them in North Melb, stand to make a lot of money out of this $500k+.
3. play around with shares
4. watch richmond begin a steady climb back to becoming an AFL powerhouse
5. get my pay rise and continue investing
6. build more dry stone walls at the hacienda. I built 110 tons worth of stone walls in 2003 in the lead up to our wedding, had a year off in 2004 to give my back a rest.
7. finish off our 12sq barn and get the top floor ready to live in so visitors can stay there.cheers to all
in a hurry to find the link but on somersoft.com there was a great post by a person caleld quiggles… go to the site and do a search, you’ll learn a lot
cheers
rmrs richmond and I broke the “12 week rule” in announcing our pregnancy… we were just too excited. She’s due at the end of July.
Cheers
rHi Michael,
Can I start with a disclaimer?
My following remarks are in no way intended to be any sort of attack or insult, so please don’t take them the wrong way.
Good, glad I got that out of the way.
A few people at work hire full time live-in nannies, and it works for them. I’m sure it will work for you too.
HOWEVER, my own personal view is that having a child is the biggest responsibility that a person can take on, and is far more important than any career (obviously you need to provide for said child however). I think if a couple has a child, it is that couple’s responsibility to raise it, and not depend on a nanny et al to do the hard slog. I think continued contact with a child, especially in the young, formative years, is crucial to the child’s development. Research has shown that “absent” parents try and over compensate with material goods later on (not saying that’s what you’ll do though [biggrin]) and that while some kids in those situations have “issues” later on, all they really wanted was more quality time with their parents.
As someone else one said, very few people go to their death bed wishing they’d spent more time at work.
Anyhoo, as I said, it’s just my view and I don’t want to force it on anyone, so I hope respondents take it as such.
ps I don’t think you’re bad people, horses for courses all that stuff…
Cheers
renough’s enough.
rahem steph.
My wife and I were born in 1974, so while I am a bittered and twisted generation X type (thanks Kurt Cobain and Sonic Youth), we aren’t planning to hand over our child to anyone when we have a bubba next year. Wife will stay at home for 12 months (I offered to), then look at gonig back to work for a couple of days. If she doesn’t want to, she doesn’t have to, but she’s a paramedic so she needs to keep her skills up to date.
My brother’s wife on the other hand is giving birth in Feb, and plans to be back at work full time within 6 weeks. The difference? We have been good with our money and managed to invest wisely and pay off our PPOR… they have been big spenders and have a massive mortgage while trying to do the trendy inner city thing arising from buying an overpriced dump at the peak of the boom, with plans to renovate and sell for a big profit. I asked them what their renovation budget was the other day, they said “we don’t know, maybe 200k”… bought for 350k over 2 years ago, renovate for 200k, and they’re hoping to get 600k in a suburb where that price has only rarely reached the mark, and their place has little going for it, even thoguh it will look nice when done (it’d want to for 200k)… they haven’t even taken into account their non deductible interest payments!! Anyway, I’m getting sidetracked. Not very well planned and trouble will be coming for them IMHO. Anyway, they have no choice but to work, and, IMHO, sacrifice the needs of the child.
I’ve been labelled greedy (believe it or not marc1) etc by my family in the past, but now that my own family is taking shape, I’m glad I focussed on investing, because it’s giving us choices in life, which is the aim of the whole thing isn’t it? Of course they and a few others think we’re lucky that mrs richmond doesn’t have to work… you can guess my reaction to that, but I keep it to myself.
cheers
rI should change that profile, I’m 30 now, but the more I read these boards, the more I get confused as to whether I’m virtuous, evil, rich, poor… so many conflicting emotions.
Ah well, it’s 6.12pm, tonight’s bulletin is halfway over now, heads around Melbourne are being screwed with… my work here is done.
Off to celebrate the 1st anniversary with my wife.
Cheers
rcall me simple, but I’d like to see more in the western world be it people or companies doing more to help those in poorer countries. It’s not an achievement to be born where you’re born.
I typed out a much longer response, but lost it. Damn.
Also marc, my remark:
Why would journos write articles that weren’t of interest to anyone? Doesn’t make much sense to me.
Came from your statement of the bleeding obvious:
Articles in a newspaper have one single solitary purpuse, and it is: sell the paper.
Again I ask, why would people write articles that weren’t of interest to anyone? Of course they want to sell the paper.
Anyway, for a bloke who clearly thinks himself enlightened and invokes the name of God at the end of his posts you seem pretty intolerant and close minded from some of the things you write marc. That’s just my interpretation.
Gotta go and write something for the news now. Hope I can manipulate the viewers.
Cheers
rI actually didn’t mind the article, thought it was quite well written, and comment/discussion pieces should be taken with a grain of salt anyway, with the reader left to interpret them as they see fit.
“So even if Australians don’t consider themselves greedy, on some measures we are. Particularly if we define greed as taking more than our fair share. In 1998 the United Nations Development Program estimated a child born in Australia would consume the same as 30-50 children born in developing countries.” – I think it’s pretty clear what angle the writer is coming from there.
What does greed mean to you Marc1? And why are you so dismissive of so many people? Why would journos write articles that weren’t of interest to anyone? Doesn’t make much sense to me.
Cheers
r21 sqm is TINY. That’s smaller than a lot of hotel rooms.
Wouldn’t touch it personally, but it’s horses for courses.
cheers
rhence my affinity for coastal Queensland rogue, particularly the areas with strong industry and employment base and major population centres to go hand in hand with the lovely surrounds.
cheers
rhmm so now you get personal… not to worry.
if any other mods feel like locking this thread now it’s run its course, feel free… I won’t do it for obvious reasons.r
er, um apology? didn’t see one there, cos there’s nothing to apologise for… now you ARE trying to rile me.
I think you just read bits of my argument, not the whole thing, and I think many of my replies were twisted into something else and taken off on tangents… that’s a shortfall of the medium more than anything else.
also, the population growth rate isn’t that big rogue, when you compare it to other parts of Australia, as I said in another post, which you apparently ignored.
oh, and yeah, just as well I didn’t fall for that Blairgowrie agent sucking me in hey? Lucky me. How absurd that you can presume to even know the relationship between the agent and me and the tone or nature of our discussion is beyond me.
Actually you’ve just given me an idea for a thread, cos I’ve definitely had enough of this one.
cheers
rJust as a footnote, API will always do a story on a place that’s “booming” month in, month out… this month it was Sth Gippsland, next month it’ll be somewhere else, and the people that have bought in that particular area will feel all nice and fuzzy. C’mon rogue, you know the game. You don’t see too many negative property stories in API… it’s not the most balanced publication in the world. I love the profiles etc, but there should be more on the pitfalls too.
cheers
rHowdy,
as promised, I read the article… some interesting info, but nothing really new if you knew Melbourne and Victoria. By the way, I never said it wasn’t a good area. It’s got a lot of qualities, but I don’t think ANYWHERE in Victoria will BOOM over the next couple of years. It’s been and gone. However, it will be back… I can’t see the point of being negatively geared to the schizen-hausen (Rex Hunt speak) with little prospect of CG in the short term.
Just to test the waters, I rang the agent we sold our house through in Blairgowrie. We sold for 340k… he reckons we’d struggle for 310k now because the buyers aren’t there.
That means, if he’s right, the people who bought it are down 30k in 6 months. I think the prices will soften further over the next 18 months… and when they do, that’s the time to buy.
I still stand by my comments throughout this thread, especially “I still can’t get my head around how people expect places to keep on booming after CG of 200-300%+ in the past few years.”
And, as I repeated ad nauseum through this thread, I hope anyone who invested/owns on the Bass Coast does really really well. Let’s revisit this debate in 12 months or so.
cheers
rI’ll read it when I get home tonight and respond in the morning.
cheers
rhmmm, silly? I wasn’t the one who in several posts made the comment “lots of people” to go hand in hand with my argument… anyway, that’s by the by…
I don’t think you’re a bullshitter, and I’ve never said you made things up… you stated your opinion, I then stated mine. You made mention of “the people who know” I asked who they were. I expected some sort of economic forecasters or experts or something like that. It’s called genuine curiosity. You’ve now said it’s a turn of phrase, and that’s fine.
I think, and it’s my opinion, that scarcity is the main driver of CG. Of course there’s other factors. If you don’t agree that’s fair enough.
I realise there’s a school of thought re: holiday houses, but it’s not a school of thought I personally subscribe to in the current environment. What’s the problem with that? I had one, I sold it, I’m glad I did. I wouldn’t want to buy back in Blairgowrie, been there done that now. By the way, I love holiday houses, they’re great to escape to, but I don’t think they’re the greatest investment at the moment. If you can afford one as a lifestyle thing, great.
I stand by my comments that the Bass Coast will not continue to boom in the short term. Higher growth than the rest of Victoria over the next little while is not a boom. That’s how I entered this thread, that’s how I’m leaving it.
Let’s be constructive, not combative.
Cheers
rHi,
Not taking your bet doesn’t mean you’re right (although for your sake I honestly hope you are, along with everyone else who’s bought there), and I wouldn’t justify my investing by what “lots of people” do… “lots of people” also bought apartments at Docklands. That will probably sound harsher than it is intended, so please don’t take offence.
You still haven’t mentioned “the people who know” that are predicting “huge growth”.
By the way, on the “projected huge population growth” as you call it… Taken from the Bass Coast Shire website:
“The resident population of Bass Coast was 24,075 in the 2001 Census.
It is projected that the Bass Coast’s population will increase to approximately 26,200 by the year 2011 and 29,000 by 2021.”
That’s 8.8 per cent in 7 years. I know of places where the growth rates in terms of population are 20%+ in the next 7 years.
I wouldn’t call the Bass Coast figures huge to be honest.
If holiday houses are a valid investment strategy for you, all power to you and I hope you kick goals. They’re just not for me… that’s pretty much my stance in a nutshell.
As I said: “I still can’t get my head around how people expect places to keep on booming after CG of 200-300%+ in the past few years.” I stand by that.
as an aside, and it’s far away from philip island… you mentioned areas such as Pakenham, Hallam etc earlier in this thread… CG is driven by scarcity… so when there’s s*&tloads of land out there still being released for young couples to build mcmansions on, I wouldn’t be expecting huge CG… I know because my sister lives in one. They’re happy there so good on them.
Personally I’ve been targetting areas on the central coast of Queensland, where the demographics are very good, in fact much better than Victoria, with a great mix of industry etc to go hand in hand with the lifestyle… ie more than just the baby boomer phenomenon at work…
just exchanging views, not arguing,
cheers
r
