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  • Profile photo of simmo_bcsimmo_bc
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    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 29, 2011 - 11:23 am

    thanks for the response.

    Purchase Price – $115,000 (09/2002)
    Current Value – $250,000 (as per last council tax advice)

    Current Rent – $12,254
    Outgoings – $8,158

    Loan – $45,000

    Profile photo of simmo_bcsimmo_bc
    Member
    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 8, 2010 - 12:12 pm

    thanks all, I value all of your comments.

    I currently live in London and rent a place in Fulham. Do any of you guys provide wifi with your rental package? it is very common in London but not sure back in Oz? I lived and rented 2 places in Melbourne for 5 years but had no wifi.

    Cheers

    Beau

    Profile photo of simmo_bcsimmo_bc
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    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 7, 2010 - 12:34 pm

    thanks YI.

    I hope you achieve your goal.

    I think you are right about setting decisive goals, new years resolution… and the gym!

    All the best.

    Profile photo of simmo_bcsimmo_bc
    Member
    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 7, 2010 - 12:20 pm

    thanks YoungInvestor.

    I am 31, so I have a long term goal in mind. What age will people of my ilk retire at? 60? 65? 70?!

    In the long term, I'd like to build a portfolio comprised of equities and property.

    Unfortunately, no – I don't have that sort of cash hanging around but thanks for the offer!

    Cheers

    Beau

    Profile photo of simmo_bcsimmo_bc
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    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 7, 2010 - 12:12 pm

    thanks for your feedback guys..

    so would i be right in saying that in terms of an investment strategy, a gearing level of 36.9% is probably too low to be an effective strategy?

    Profile photo of simmo_bcsimmo_bc
    Member
    @simmo_bc
    Join Date: 2010
    Post Count: 9
    January 7, 2010 - 11:20 am

    hi wealth4life,
     
    I work for a big bank in London which has a big (massive even!) exposure to commercial property in the USA.

    Whilst there will continue to be a fall on commercial property values, it is probably close to bottoming out, the green shoots of recovery in the USA are well underway, especially with the lastest retail figures. You are correct, people are still quite nervous but things are appearing to get better on a daily basis, that is, unless the Fed defaults on their treasury bonds!

    I'd be more concerned with the Middle East than the USA for the moment.

Viewing 6 posts - 1 through 6 (of 6 total)