…..it is not for me, as I think the daily up/down yo-yo roller coaster ride makes me dizzy to say the least!!!

That’s where you have made you mistake. If you are a share investor who daily checks the asx.com.au site to see how many $’s they have made/lost each day you would go mad.

Like a buy and hold property, the lower risk (blue chip)…[Read more]

To me Acey, I look at history.

The stockmarket crash in the 80’s left so many with nothing. Various property slumps over the last 20 years have done the same.

I see the property market having many parallels with the technology boom of the late 90’s. There were people falling over themselves to buy shares of XYZ company, bit like +ve CF and other…[Read more]

Just also be aware that different people have different opinions on a town.

You will see some saying ‘Smithtown’ is a good area because of

1.
2.
3.

And you will see some saying that they wouldn’t invest there because of

A.
B.
C.

Each to his own I say!

Just don’t think that everything you read on here is the full quid. Some of the…[Read more]

Chan

I will stick my hand up and say – I will, as long as I have complete faith in the area. It would need to be something I am very comfortable with i.e. coastal, water views, underdeveloped area etc etc.

I have no problems as I still see some areas will show CG in the next few years.

“Life is not a journey to the grave with the intention of…[Read more]

Speak for yourself Acey![blink]

That’s a big admission, is it because its too cold in Canberra?[laughing]

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”

No brainer for me.

I would purchase the other half of the block and if you were not interested in building a house yourself, look at what the local council reg’s are on subdivision. 1200sqm should be big enough for two properties.

You could build two houses, sell one or both and make a lot of money.

“Life is not a journey to the grave with…[Read more]

Originally posted by GreatPig:
Muppet,

I wonder if this means there might be some renovator’s delights on the market soon? []

GP

Don’t forget to factor in SCUBA gear and daily airfills. I wonder if they’re tax deductable!

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but…[Read more]

Originally posted by jars11:
Right then – I am part of PI hall of fame/shame

Jars

Jars, I’m afraid you have followed a few PI.com wannabees and fell in to the trap of sending in a ‘good’ photo! [biggrin]

I’m sorry but that is just too much of a ‘Vogue glamour shot’ and cannot share space with such photos as Gatsby’s, Kay Henry’s, Westan’s…[Read more]

Originally posted by HotRod:
Hi Marisa

Happy to……..

Make ~$25K from 5 +CF B&H’s and lose ~$5K from a -CF

Later………

Congrats Hotrod, $100 a week in your hand on each property, that’s unreal!

Can you give us some figures on them. When did you buy them? What sort of deposit did you put in?

“Life is not a journey to the grave with…[Read more]

Yeah well guess what happened to me today.

Settling on an IP tomorrow and talking with lawyers, they said our bank have sent them all the cheques bar 1. Do you think the bank will get the extra cheque on time.

No, we have to arrange the extra finance ourselves. Lucky it is not a huge amount.

Bl#%dy banks

“Life is not a journey to the grave…[Read more]

Basically it is an account linked to your home loan whereby if you have say a $100,000 loan on a property, you get your fortnightly pay put into it. You also have a credit card that you use for EVERYTHING. You get a 60 day interest free period on the card so as long as you pay it off when required, you get to use the 60 days of wages or…[Read more]

Watch Mt Magnet. Apart from the fact that Harmony may not be operating there within a few years, most of the miners are now fly in/fly out.

Crime is a problem and there are some very dodgy areas that you would not touch.

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but…[Read more]

Sensible outlook daaussie

When we bought our unit, we were told by many that the market was already at its peak. Who really knows the market and what it is going to do in the future.

I don’t really know what is greedy about trying to get a good CG though. To me that is good investment.

To echo you again daaussie, we have no desire to sell it at…[Read more]

Sounds to me like a quick email to the state based Dept of Fair Trading would be useful.

That is woeful.

I probably would have been even more angry!

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly…[Read more]

My wife and I bought a unit in Cremorne, Sydney two years ago. Small block, near new, good street etc. It cost us $535K and is negatively geared to the tune of $140 a week. Well in two years it has cost us around $15,000 to keep. It has gained approximately $200,000 in value though.

Pretty easy maths really!

I have noting against +ve CF…[Read more]

Rugbyfan,

I hope you are not buying from Victor Ollis, He got about 1500 properties in surround areas. There are unlimited of property and land package from him for 10% return.

Kind regards

Jet Dollars

You know me better than that Chan!

This one was a straight RE agent deal.

“Life is not a journey to the grave with the intention of…[Read more]

10th November.

And I like a 40ft Nautor Swan, a Chalet in Telluride and a 2005 Trek TT bike.

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”

Originally posted by kay henry:
dc_homer,

I reckon you’ve missed the boat on regionals such as wagga, albury and dubbo by about a year and a half to two years (sorry Rugs).

I think now you’d be looking at country towns to get anywhere near cf+ (I’m thinking >10% here)

kay henry

Don’t know about that. I almost bought a place in Parkes two…[Read more]

dc_homer

You will more than likely have to look outside Sydney for +ve CF properties. Regional NSW (and other states’ regional areas) will be your best bet. Don’t think they will be jumping out at you, it takes time to find these gems. Try focussing on an area (like Parkes, Dubbo, Wagga etc) and visiting agents in these towns. You will gain heaps…[Read more]

Exercise.

“Life is not a journey to the grave with the intention of arriving safely in a handsome and well preserved body, but better to skid in sideways, thoroughly used, totally worn out and loudly proclaiming . …… Hell, what a trip !!”