Hi recovery,

try this one http://www.localgovt.co.nz/

regards,

Rod.

Hi all,

Westan has covered just about all the points. The one I’d really like to support is that if possible make a trip to NZ to check out the areas for yourself. They can be very different when you’re “on the ground” to how they appear over the net. Many of the towns have have areas where you probably don’t want to invest, but you’d never know…[Read more]

Gas Wood Fire ?????????

It’ll be interesting to see how successful the Avalon flights are. Hazelton tried some flights from there about 3-4 years ago without much success. It might be a bit better now that the Geelong road is finished, and with a fast train to Geelong/Lara on the way.

Rod.

Hi Castledreamer,

I’m going in March, whereabouts are you going and when?

Rod.

I’m looking for 4 this year, though if the numbers work out I may go for 6.

Rod.

Just to clarify, the example I used was our PPOR. We upgraded in 1996. The house we upgraded to has doubled in value since then. I don’t expect it to drop 30%.

regards,

Rod.

westan,

My own experiences of Melbourne agree with your assessment.

We bought our first house in Melbourne for $84K in 1987. It was probably worth about $125K a couple of years later. It was sold in 1996 for $110K and would now be worth around $220K. This was a typical 3br suburban home.

Certain segments of the market may have seen a 30% drop…[Read more]

mini,

I reckon you’ll find that rents move like (but not necessarily with) house prices, some years they will increase, some they will stay the same and sometimes they may even decrease. Long term they they probably do go up with inflation but short term many other factors will have an effect.

I wouldn’t count on $10 per week every…[Read more]

Hi diggler,

I’m sure mini will respond to this anyway but..

The merits or otherwise of buying sight unseen have been debated here several times already. It all depends on your own comfort level, personally I would buy sight unseen in a town that I knew, but not in somewhere where I’d never been. Others may be different. Having said that, no one…[Read more]

I used a Melbourne based broker for Victorian purchases then used the same broker for QLD purchases.

No problems.

regards,

Rod.

Mini,

I reckon you’re going to get deluged again.

I’m always interested.

regards,

Rod.

Congratulations elves,

On the century that is. [8D]

Rod.

Yep, just checked.

The standard comsec margin loan interest rate (variable) is 7.9%, whereas the protected ones range from 12% to 28% [:0] depending on the stocks in the portfolio and loan term.

Rod.

We probably should stop talking about this, it’s getting a bit close to the “forbidden” shares topic. []

I think the catch with that Comsec product is the huge interest rate.

regards,

Rod.

Westan,

thanks for explaining what I meant about the margin loan, I was a bit brief (it was 6am after all []) when I wrote that.

Yes, I concede that there are companies which have gone from Good to Extinct very quickly. But in most cases you should be able to get out before you lose it all.

Michael, I agree margin loans (like all forms of…[Read more]

where is it?
how much is it?
what’s the rent?
what do you want to achieve?
why NSW?

There are plenty of people here willing to help but you at least need to start by asking a decent question.

Rod.

I hope you’re right mark, my 80% was a conservative estimate. Many have gone up quite a bit more.

Rod.

I cann’t remember the souces maybe from ATO the is one millionair at every 80 people

So with 30000 members, PI.com should have 375 millionaires?

Come on, stand up and be counted. []

Rod.

Yack said:

You have $10k cash. You buy shares and borrow $5k. Thats about all you can get

With $10K you should be able to borrow about $23K on a 70% margin loan, that gives you $33K of stock.

Bear1964 said:

but I know some people have lost all their money in one shares transaction

This is more to do with poor money management than with the…[Read more]