Hi Yorker

just reminding you about my request for Data to back up your statements about the population growth of 5%. Since you challenged my data which is the Australian Burea of Statistics most recent available.

Thanks i look forward to seeing it.
regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at…[Read more]

Hi Regan and Patrick

i take the other view. I think that you need to start with IP’s first. Regan your 18 years old, i’d say if you can, stay at home as long as possible and start investing asap. Once you Buy your own home and move into it you will find it near impossible to save. Moving out for the firt time is so expensive you have so many…[Read more]

Hi kp

its stawell not stanwell (thats in Qld), gee i’d be really ofended if i still lived there.

Famous for the Stawell Gift the richest running race in Australia, and famous for its UUUMmmm the biggest active Goldd mine in Victoria and famous for its uuummmm being close to the Grampians National Park , can i claim that one ?

thats about it,…[Read more]

Hi DD

you challenged my statement that the deal wasn’t cash positive, all i was doing was simply answering your comment, i was showing you that when you do the figure it isn’t thats all.

Hey no appology for calling me a Wombat[biggrin]
Just for the record i’m an aussie.
Regards westan

I live in New Zealand and for a fee find cash positive deals…[Read more]

Hi Flyhigh

as far as Tokoroa goes i’d pay attention to Minimoguls words, I don’t like to talk down areas But a lot of people without knowledge of the local market have been buying in Tokoroa and have inflated the market. I was talking to a Real estate propriator in Tokoroa (call Pam – Muppet you know who i’m talking about)in April and she was…[Read more]

[blink][blink][blink][blink]

LOL i don’t know wether to laugh or not, thats a shocker i can’t believe that price, what a joke.

No try this one is better
http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=ZPCALC&s=vic&c=39288744&tm=1095499133&id=101867085&f=0&p=10&t=res&ty=&snf=rbs&cu=ZPCALC&fmt=&header=

actually its my brothers he want to sell…[Read more]

Hi all

just a couple of comment- SIS two things

why have you bumped property so quickly, a few months ago you were full on property, right at the peak of the market by the way.
Now the market has turned your full on into shares and at a time when it is at Historic highs.
to be fully honest… and this is something i learnt long time ago… when…[Read more]

hi all

Go for it Jo, it will be your first cash positive property !

seriously its not a bad area Glenorchy, i used to live at Stawell 30km away and there Jo you really can buy properties in good conditon (ex min of housing) for under 100K

westan

I live in New Zealand and for a fee find cash positive deals there, email me at…[Read more]

Hi Geo

yes i like it, next time i have to do a sermon at church i have ito add that one in somewhere.

regards westan

I live in New Zealand and for a fee find cash positive deals there, email me at westanjohnson@hotmail.com to join our database

Hi Toughdeal

I think Mr Carr has bought in Queenstaown, one of NZ truely top locations. This market is expensive and sadly no cash positive deal here, but a great spot. I’m heading up there on Thursday for 5 days, our friends own a lovely holiday home there. When i’m lying in the bed and open the curtains i can look out at snow caped…[Read more]

Hi Shawn

i’ver heard people saying the new highway bypass will hurt the town, i’m not sure it will. Towns that i’ve seen bypassed in Australia (ie Bacchus Marsh) actually become better towns because of it. Yes the Coal issue is a funny one, stop things like project Aqua Hydro scheme because of the environment and then think about build some new…[Read more]

Hi Yorker

I did the sums again and got the same answer, funny that. It is still not cash positive. I agree you should if possible look at the area before you buy. and you are correct i’ve never been to Rosebery, but i wouldn’t want to if the returns aren’t cash positive.

As far as cash positive you want an alternative, well get on a plane and…[Read more]

Hi DD

You said
For the wombat that says $100/wk from a $50k house isnt positive. Poppycock!!!!!

well lets see

$100 pw on a $50,000 property Lets do the sums.
Say you have 20% deposit and loan 40k at 7.25%
Interest payments will be $2,900
Rates (high in tas) my guess $1,200
Insurance…[Read more]

Hi all

i don’t consider myself any type of expert at all on Malaysia , but i was talking to someone from Malaysia a few weeks ago and he mentioned that unlike Australia and NZ this market doesn’t have all the support systems we take for granted, like property managers etc. His advice folowed what has been said already and added that it would be…[Read more]

Hi narelle

sadly australia is about the worst country in the world at the moment for cash flow. I’m busy looking in NZ for myself and also looking at other O/S markets also. Investing O/S can be very dangerous if you don’t do all your checks, and its not for everyone. However it can also be very rewarding. But please anyone do thorough…[Read more]

Hi muppett

Whats your opinion on areas like working class Huntly ? I thought it may have been worth a look. Its between the major cities of Auckland and Hamilton. However i’ve heard it has issues with mine holes throughout the town and some open from time to time in peoples backyards.

What are your thoughts.

Regards westan

I live in New…[Read more]

Hi all

anyone interested in Rosebery should be very wary. firstly this property will not be cash positive 50K for 100pw will not work if you want properties that put money in your pocket each week.
Secondly i’d be very carefl investing in a tiny town that lacks infrastructure and has seen a 55% population decline since 1976.

If interested in…[Read more]

Hi Yorker

you said that you used to own there but sold out about 6 months ago BUT on this forum on the 2 july you said
I’ve noticed a few positively geared properties in this region. Anyone know the future of the mining industry there?
Then everyone warned you about this town.
Even though people warned you 5 days later you were advising people to…[Read more]

Hi Yorker

just be careful when your down there next not to go fishing or swimming

Pasminco Rosebery Mine
PRM operates in the catchment of the Stitt River. The Stitt River had become severely degraded over many years by pollution from townsite sewage effluent, silt in stormwater and from acid seepage from historic mining areas. The river…[Read more]

Hi Yorker

just before you invest in Rosebery you should be aware of some data

Population trends of mid-size urban centres (1,000–19,999 people), 1976–01

Population centre Rosebery
1976 2,534
1981 2,675
1986 2,102
1991 1,637
1996 1,439
2001 1,115

Ch…[Read more]