Forum Replies Created
Although I have no connection with Ozinvest, it amazes me how negative people can be when the company has such a sound track record. What if the company goes broke, what if – what if?
Everyone has a choice, Ozinvest obviously offer the Leaseback Guarantee but there is no obligation to use it.
If the company was just starting out I would question the guarantee by the company but I would think that with 22 years track record and 11 years backing the guarantee the risk v reward ratio must be in favour of the conservative investor.
Russ
Excellent Information……Thanks
Hey Reeco,
Here is one guarantee that I can offer, one that I have learned…
"Those who want to will find a way,
those who don't will find an excuse"I think it's one of those 'immutable' laws. Interesting stuff.
Trying to read the market is harder than recognizing a trend. Australia has a very stable and has a somewhat predictable economy. Interest rates go up and they go down, share prices do the same and although property prices fluctuate they remain, for all intents and purposes the strongest asset class – in my opinion.
The population is growing and the demand for residential property is always increasing (at various rates). Anyone that applies due diligence to their property investment strategy can, I believe; do very well in the years ahead.
There was a big expose on them in the Brisbane papers last week. Apparently many of these companies were based on the Gold Coast here in Qld. Most of them are bust and, according to the newspapers; many people/gamblers have lost their shirt. Police raided their offices to find them empty.
Spot on!
If you are highly leveraged and using mortgage insurance you are still responsible if the deal goes Pear shaped. Even a mortgage insurance company can still persue you for additional losses over the amount risk they may agree to underwrite.
Fiona,
There is an old saying, "set peace of mind as your first goal – and build your life around that".
Best to grab a hold of Steve' s latest book /CD and really soak it up. At your age and your current combined income levels all you need is a plan. A plan that will not cause financial stress and one that embraces unforseen changes within the economy with contingencies set.
As Investor888 stated above, "Damn, 1.1million debt with 90% LVR in these conditions".
Best Wishes
With an interest rate like that I'd like to know whom you bank with? Is there such a Bank?
