You are right, James about there being a difference between falling prices and paying less than the vendor’s asking price. I’m talking about the overall pattern. When I was buying property in the middle of last year, I missed out at times because people were offering more than the asking price. I was doing well to get $5000 of the price of one…[Read more]

Thank you HousesOnly and Chan$ for agreeing with me. People agreeing with me is my favourite sound. I’d like to add further comments/info. to support my belief that official figures for growth are unreliable. I know people in the earth moving business and they were telling me that before Christmas operators of earth moving machinery were like…[Read more]

One thing to be wary of when listening to official figures is the fact that they are not based on last week’s figures, but on figures that may be 1-2 months old or older. During a transition period from a seller’s to a buyer’s market figures that old aren’t so useful.
People talk about Brisbane’s boom as a single entity, but of course different…[Read more]

I was talking to my brother, who has recently returned from N.Z. about the Auckland situation last night. He was telling me that while there has been a lot of growth in the Auckland market, the locals are still on fairly low pay and won’t be able to pay high rental prices. This means Auckland property could be in for some very heavy negative…[Read more]

Not to mention that Noosa has a population cap which will help sustain high prices and push them even further in the next boom. Then there’s the fact that it has a north-facing beach, which means it is warm enough to have a tourist season even in early and late winter. (My kiwi relatives often go there in July to swim!). Noosa is unique. If you…[Read more]

This is a very expensive property for someone who is fairly new to property investing. If all goes well, you may make good money. However, if things go wrong due to lack of experience, the cost of the lesson may be high. You are faced with a common decision – do I have a go at the big money or do I do something smaller with less risk and try the…[Read more]

I don’t know if your accountant knows a lot about property investment, but there are some that have it as one of their specialty areas. It may be best to find one of these. They may be expensive, but it is important to get it right. The benefits wills soon outweigh the cost.

Regards
teabagted

You are correct. Paul in the new testament of the Bible said the love of money is the root of all evil. I found this strange as some of the worst crimes were committed by political movements, e.g. the nazis. Then I found out how much stealing went on during that regime. The nazis stole on a scale possibly never seen before. Grand theft and money…[Read more]

I personally found Neil Jenman’s book very helpful to avoid being ripped off. I also established a good working relationship with a Jenman agent. His advice has saved me money. He recently told me not to buy in his area at the moment. That’s honest advice for a guy who makes his living selling houses. He did admit that the subscription to Neil…[Read more]

Hi Dan.
I Fear that you are missing the point. You are so in love with the cleverness of the idea that you are not paying attention to the fact that even if you can make it work, you are spending a lot of time and metal energy on peanuts.It’s a mistake we make when we first start thinking about making money faster. Also, if it was worth doing,…[Read more]