Forum Replies Created
Even though the third probably has the most potential (includiing CG+ if left as if due to yard size in the long run), the fact that you have another one on the way and may interfere with what is best for the family. Does any of the houses cope with further family expansion (no use in buying a house for one extra bedroom only to be stuck again if another one comes along). I’d probably go the first one as it will allow you to go through the expanding family part relatively unscathed financially. Either that or as G7 suggests and rent for a bit looking for the best abode while putting the money to work elsewhere. You never know you may invest in a few CF+ve places just by spending the time looking for a decent PPOR [party]
Don’t mind lattice myself (probably the plastic variety as the wood one tends to warp and looks unsightly after about 5-10 years). The astroturf (or gabba grass as it has been known as in brissie cricket) would probably go, it is usually laid on concrete and given they guy’s taste may not have been a great job either. You could probably get away with paving over or laying gravel with stepping stones (pavers would be more kid friendly IMHO).
Every second person in my workplace has one (which is a bit boring for me, because it feels a bit generic).Mullies rock!!
kay henry
Sounds like you work in Ipswich….[weird]
I know of no loans that charge an “early payment fee” on loans that have been held 15 of the 25 years currently in circulation.
Most loans are within the first 5 years of the loan though I don’t think many actually have 5 years as their standard. Mine was 3 years.
Domino Effect: The more Dominos Pizzas you eat the great the effect you will have on the floorboards you walk on…..
My father quit using a vegitarian way. He had to give up the grog, coffee and smokes all at once but was allowed chewing gum. I think certain foods such as meats had to be limited as well.
I saw a fair amount of chewing gum wrappers for the next few weeks but he beat it and never went back.
Quite often things like coffee and grog will make it harder to give up since all of them are addictive, he had to give up the addictive behaviour as well to ensure he didn’t just go back.
Now considering that Doctor started study after 1997 then he would be paying Hecs on something akin to 40-50k debt already. Of course this only increases about 3% per year and there is a 13% (?) bonus for paying the debt out early but it is something that has to be calculated to ‘true’ income. Possible a net income would be the best for the argument rather than the amount given from ‘gross’.
Of course becoming a doctor then means Lil_man would totally miss his goals which were to be able move to property investing pretty much all the time.
Lets look at an example of wage earner from 17 compared to the uni student from 17:
WE 18: started work after a period of looking, wage is cruddy but living with parents and got their first car. If person doesn’t drink it all can still save heaps.
US 18: started uni, unless supported by parents and on Austudy would have to take a part-time job to survive. Not much hope of saving money. Plus work interferes with study and could affect results (catch 22). Incurs a debt (HECs).
WE 19: Continues earning income, depending on job payrises could follow (example would be an apprenticeship). Good opportunity to save more.
US 19: First year was a breeze compared to second year, quite often courses rehash what was learned through high school in the first year. Person may need to put more time into studying and researching papers. HECs debt increases at least twice now.
WE 20: Possibly enough money for one or more investment, either PPOR or IP. Again chance for serious wage increase, though usually still well below the mean of the country.
US 20: Third year and time to cram, cram, cram. HECs debt builds and you still need part-time work to pay the bills, especially if you have to study away from home.
WE 21: This is the year that apprentices quite often become tradesmen I think. If that is the case serious wage increase and employment opportunities do increase. If IP or PPOR previous year they have the opportunity to look at another IP or paying down the debt they have.
US 21: Find out most uni degrees mean nothing without experience. Look for work and get some initially underpaid job (compared to the mean). Potential is there but the WE already has his fingers in the pie as far as investing in property (Which afterall was Lil_man’s objective).
I think the big difference early on would be if the wage Earner failed to be responsible with their money. Few people are at that age, then again I have known plenty of uni students that weren’t either….
Originally posted by Pisces:Assuming that your post is fairdinkum Lil_man
(which I doubt) let me say this :Miracle puts the case very well when he said :
“by going to Uni, in the end,you will be earning a lot more money, than not going to UNI. Making your investment portfolio increase with ease.”.
Anyone who suggest otherwise is a fool.
Many situations that logic breaks down. I’ll even give a ‘real life’ example:
There are generally two basic ways to become an officer in the military. Person A would be to go to the normal officer school (say Duntroon in this case, Canberra) spend 18 months going through officer training and graduate a Lt and from that point the promotion ladder starts (or in reality 6 months after that when they graduate their specific Corps training). Under regulations though you cannot progress beyond Major unless you have a degree (doesn’t really matter in what), instead Person B goes to ADFA (Australian Defence Force Academy) spends 4 years on fairly light pay to finally graduate a Lt and then they start their promotion system. There is very little stopping officers from doing part-time courses so why spend an extra 2 1/2 years doing a course to get to the same position? If Person A finds that the military wasn’t what he wanted or the public sector wanted him for his leadership skills then I would think the uni degree at that point would be almost useless, there would again be nothing stopping Person A from later obtaining a degree that is more valid.
Also remember that Person A was earning decent money a full 2 1/2 years earlier than Person B and would always be more senior in ‘service time’ than the other.
A comment I like is:
They never teach common sense 101 at uni.
For the record I did go to uni for a time as well…..
Firstly you will need to select subjects that will need to still provide you with the ability to go back to uni if you indeed don’t go to uni straight after high school.
Say to your mother (for example) that you need a year between high school and a possible uni course to see if you can in fact make it without a degree… many flitter this time on overseas travel or partying but as long as you maintain your focus I am sure you won’t necessarily do those things.
One thing I must say is avoid the ‘demon’ drink. Apart from often clouding your judgement booze also costs a fair amount. Remembering back to my army days in the early 90s there were times when barrack mates would head off and spend hundreds of dollars on a night they couldn’t even remember (but it must’ve been good?[sick3] ). This and having to have the latest of things, drugs and so on is attributed to ‘peer pressure’ which is very relevant at your age. I’m not saying you can’t have a good time, just that these, in my opinion, are far from attributing to a good time that could sustain itself.
A couple of lesser things, learn how to cook, I’m not saying become one but in this day and age most people just go out and buy take away. You could prepare a better meal for far less by buying the base ingredients and being able to put a small amount of effort in.
Considering your interest in property investing and from a young age then perhaps if you do take the first year to see if you have continued interest in that path you should try job(s) in that field. Whether is be directly in the building industry or even something like cabinet making or landscaping (horticulture which can be taught at uni as well… sort of covers a couple of bases). Part-time work prior to leaving school will probably help you save the money needed to get started, though the banks may not be interested until you have had a job for a decent amount of time.
I do admire your enthusiasm, just remember if you go to uni FINISH it, the piece of paper seems more important than what you have learnt and only going a couple of years into a degree and not completing only leaves you with a large bill.
You should make sure there is no covenant on the locations that require you to build within certain times (for example 2 years). Usually though this is only in relation to certain developements such as those controlled by Delfin.
and
Read your bible everyday.Going well until that bit. I suppose each to their own….
wezwaz,
I’m glad you were able to give up work to enjoy cricket, if only I could do that. Then again I play 12-20 games of cricket a year so I suppose it isn’t all bad [whistle]
One thing is that being an umpire at local cricket associations gets you paid to be associated with something you enjoy (which is watching cricket). Up in Brissie you would be paid $60 a day (tax-free, cash in the hand) summer and winter. It basically becomes a part-time job, so its work but considering how much cricket you must watch you would probably enjoy it [thumbsupanim] Call it ‘play money’ [wink2]
Now completely off this topic: are you going to watch the test up in Cairns next month? I’m heading up to catch a couple of days while enjoying some sightseeing of the reef and so on.
You could ask him which things could be done that he would be happy to pay more for? While there you could just do some more reno work on it and not charge him for it for ‘disruption caused’ until the contract is up in April.
Originally posted by devilcv8:-SAVE 10% of anything you make, pocket money, work, anything!
-When youre ready to buy a car, buy a CHEAP car, instead of turning 23 and realising you have owned 10 cars since you were 17 and number 11 is a 60K Monaro sitting in your driveway
-Dont get credit cards, interest free deals, or borrow money for anything but property!Okay, a couple of good points and one that needs to be refined I reckon.
Saving 10% is a good plan, save more and let 10% be the minimum per period (weekly, monthly, whatever).
An adequate car is great. I purchased mine new almost 10 years ago and it costs very little to run and still going strong, my first car was an old gemini, again cheap to run and solid.
Now credits cards are being made out to be bad, probably quite unrealistically so, as in this case if the person followed to the two previous parts they probably are already wise enough with their spending to avoid the pitfalls associated with credit cards. (for example I don’t pay more than $100 in fees a year total at all for my card yet I average at least that in value for points on my card for Myer vouchers and so on, since the card never gets on top of me it is extremely viable and helps me to better micromanage my offset account).
What is stopping you currently from building now and renting out until prepared to sell?
I have heard that as well iambored, seems to be a common thing with some of the brokers I have spoken too in the past, “they take a very long time to process”.
Apart from that I hadn’t heard much else negative about them.
I’ve received the 2-bob watch from ANZ as well with their advertising. Can’t say a cheap gift like that has swayed me to take an investment loan out with them anytime soon [laughing]
As we still haven’t come close to the people who cannot receive the aged pension (I believe the cut-off are for those born after about 1954?) it may not seem pertinent, but in reality one can only assume costs will go up.
Super will not fund the increasingly longer lifespans of people, unless somehow you were onto something similar to what the politicians have.
Of course since few ‘football’ games actually use quarters [whistle] ….
As some may remember I live at the Inala end of Forest Lake in the Brisbane area. Now Inala is a fairly ordinary area, high in crime. Thus at one point my house was broken into 3 times in about a 3-month period.
This was because I didn’t reinforce the sliding door (you know, bolt the thing into the concrete floor) on the park-side of the house and when the insurance company replaced the door they replaced toughened glass with crumbling-type so the next two break-ins were smashed panes, all because the insurance company went, against my wishes, with the cheaper quote.
Apart from the period though the only other problem was some 3 years later when some little feral ran into the house late at night while I was still up and snatched the gf’s bag and her and my keys. The feral only got about 40c from her purse but it cost us and the insurance company heaps to replace the locks on the house, cars and the gf had to get replacement cards as well as cancel her mobile phone.
The key to living next to a park is vigilance, toughened glass. Bolted doors (including sliding), security screens and doors..
Landscaping can also provide measures that would make the ferals think twice. Bogainvillieas provide good protection while providing great displays of colour. I am considering putting up a bamboo screen that ends up 10cm taller than the fence and provides no foot-holds on my side of the fence thus creating a nice clean line and also making it harder to get out of it they get in (it would also make it harder for them to casually look into the yard).
All I need then is some sort of EMP weapon to screw their stupid car stereo systems up when they play their repititive music loud. [evil4]
Apart from that you would have to be happy getting a 930m2 block with only one neighbor and quick access to a busstop.
In this link there is some discussion on a similar topic:
https://www.propertyinvesting.com/forum/topic/10687.html
Of course the main difference is that you had given no major restrictions on the actual size of the property or the number of bedrooms. You will find properties in those areas I mentioned in that thread that have 3 bedrooms up to about 600 m2.
a) Most of Brisbane is within 45 minutes from the CBD. I’m 25-30 minutes out myself, with areas like Browns Plains and even Park Ridge to the south even just within the 45 minutes travel time bit. Unless of course talking public transport which sucks a bit.
b) 300-400k would get you a nice place in many suburbs, the size of 800m2 may be a bit of an issue. Unfortunately one of the best suited to the other two criteria is just out of this range in price. I will answer the suburbs with good schools to my knowledge in later one.
c) From the information I was given MacGregor SHS was an excellent place to send the offspring too. This was the one that seemed to be out of your price range though and from memory it was fairly hard to get into that school. Another good State High School was apparently Jindalee, not too far from the city itself and again just outside of your criteria (more since you require 800m2).
Follwing an article recently on the more affluent suburbs having little difference in education levels of students in private and public schools, but were far better than those from poorer areas it might be best too do a search on the affluent suburbs within Brisbane. Jindalee would be it, the same would probably go for the suburb north of Jindalee (and on the other side of the river) Kenmore and Chappell Hill areas. These are to the west of the CBD. MacGregor is more south-south-east of the CBD in an area including Mt Gravatt. I’m not so knowledgable on the north side though.
