I trade derivatives for a living so you need to be a 9-10 in risk tolerance. emotional ppl get wiped out very easily.

The property people that can genuinely claim to be very emotionally controlled and risk tolerant are the ones that got through lived and survived the late 80’s – early 90’s boom bust and are still in the game playing hard (though…[Read more]

Originally posted by Hux001:
My brother just put his single fronted Victorian House to auction yesterday in Melbourne’s West.

Lots of people 30-40 showed up – but not one bid !!

Expected $320K + Vendor bid at 280K and that was it folks…

The market is a changin

A lot fo vendor bids dont even highlight the highest “real” at auctions.

Originally posted by Pisces:
Mary Donaldson has shown the way. She got herself a very attractive guy and a Prince Charming to boot.

There is no longer a need for YOU to settle for a big eared accountant, a toothy surveyor or bad breathed property investor.

Raise your sights. The sky is the limit. The world is full of Princes, roaming the world…[Read more]

1/ Everything cycles, its when you get on the bike that counts.

2/ Even stupid people have made money in the last cycle, what they do next will be interesting.

3/ Expose your brain to many learning areas and develop your own style that suits you lifestyle.

4/ You may have to get new friends.

5/ Sometimes property isnt the be all and end all,…[Read more]

Originally posted by Lucifer_au:
Don’t double post.

Thx.

Rgds.
Lucifer_au

??

Every post ive read this arvo has had one form or another some self appointed forum cop.

Anyway back to original post. Superfund can invest in property as long as it doesnt borrow.

Was up there 2 weeks ago for a holiday. Teh advertised rents appeared very good if you are investing, wheather they are getting them could be another story.

The overall population decline could be something to worry about if your a longer term CG type of player.

Nice place for a holiday but wouldnt live there, unless was on the big $$ cushey…[Read more]

Will wait till after fed election when rates go up and prices continue there slow decline at a bit faster rate

Originally posted by Lucifer_au:
SuperTed I use corporations and trusts to reduce my taxes, therefor I want things like faster depriciation write offs, changes in CGT or higher amounts in the $0-$6K tax brackets (so it would be great if it went to $0-$12K), as well as the 17% tax bracket.

Rgds.
Lucifer_au

What would be the total amount for…[Read more]

Originally posted by Derek:
Originally posted by kcc:

I have just bought a property in the small West coast town of Queenstown.
Let me know your thoughts?[baaa]

Hi kcc,

Without seeming to be harsh it would appear as if you are having doubts about your purchase. The doubts needed to be resolved before you made the purchase and not after – this…[Read more]

Originally posted by PurpleKiss:
Shirley,

Back to the tax breaks, you claim 30% of the amount paid, however I think it relates to the hospital cover and not the ancillaries. Also, you have a choice of claiming it as reduced payments during the year or on your tax return. Your insurer would be able to tell you whether you are already paying the…[Read more]

“The government is well aware but seemingly unwilling to act in a positive manner.

What say you all ? Kay ?

Pisces

Well most of the problem I see is people always blaming someone else for there problems. What should the goverment do?? Prohibition?

Ohhh thats so sweet

Well have to agree with Neils article, at least its to the point. No smoke or mirrors in that comment.

I have noticed however on these forums, any time someone makes a negative comment/viewpoint about property investing the herd are real quick to jump on the band wagon and try and put them down.

Originally posted by MiniMogul:
I totally get this question and agree with the book’s advice. We rent an 800K house in Sydney for the poor landlord’s (had they bought the property today) 2 percent yield.

Meanwhile I have properties which earn me 20 percent yields in good old NZ which more than cover my half of the rent.

And here’s the amazing…[Read more]

Time saving and they have the latest “shafting” techniques down pat.

The E-Myth Micheal E Gerber

Rich Dad Poor Dad

These books purely for the change in thought that is required to move forward. If you cant change the way u think then it doesnt matter how many books you “read”.

Then followed by Wealth Magic, or any so called prop gurus books if your FOCUS is on property.

Originally posted by Lucifer_au:

Review:
All in all a boring, vote buying budget. Good for high earning employes with (or having) kids (soon). Nothing for business (or professional investors). Will be having more promises during the next election (looking at Oct/Nov), so hopefully something for us.

Rgds.
Lucifer_au

I am confused with yr…[Read more]

I wouldnt

So many self proclaimed property gurus have come out of the last 3yr period and cannot face the thought of a “crash” or major adjustment. Even if the property stays positive geared the thought that the underlaying value decreasing up to 20% seems unrealistic to a lot of people.

The adjustment is taking place now with prices off around 10-15…[Read more]

Well when he starts full time work the market wouldve cooled some more, so things will prob fall into place for them.

I never seen a teacher do it tuff