Forum Replies Created
- Scott No Mates wrote:AS wian indicates, units are the only choice in many parts of the world, planners in Aus are pushing that way. When the realisation hits that it is cheaper to live in/around the cbd, not to commute (by car) and that entertainment is at your doorstep – then the pros of city living will boost capital appreciation. As per usual, you need to consider location and keep in mind the strata levies which are payable (some are quite horrific ie $10k pa +)
good points
i have 2 apartments in the CBD and 1 house in the middle suburbs of Melbourne. There are definitely pros and cons of chosing apartments or houses. For instance, i bought my apartments brand new, and the depreciation to be claimed against my tax was much higher than if i had have bought a house, and nothing has needed fixing with my new apartments for the last 5 years, which most likely wouldnt have occured if i had have bought a house, and finally, because they are in a great location, the rents have grown by at least 20% per annum, which would have not happened if i had have bought a house. On the flip side, i suppose i have missed out on some capital growth, but i certainly know i would have had a battle paying off the house due to the lower rents and i would have been getting less of my tax back due to the poor depreciation etc
so there is plenty of food for thought there
My main belief is that you always look at property long term, say 7 years – but impatient people want to make a quick profit, and thats where they can become un stuck
cheers
hbbehrendorff wrote:Actually wise words in the post above, I have had many people say how can you judge whats going to happen in the future by the past, Well I say to those people, Obviouslly you have not studied history enough or you would not be saying that.True we have many resources within australia, But like I said in a previous post, china is opening a new mine every second day, Also mining cannot support our whole ecconomy.
Australia unlike back in the day produces very little in terms of factory output or agriculture products, Australia has lead in the same path as the americans turning into a service, tourism and consumer ecconomy, This will end up as many people will eventually find out be devastating.
The country's who own and run the factories and the farms will be the best of, And as time will show they will emerge to become the words most powerfull economy's
If Australia is going to be a leading nation in the future we need to give way to our current ways and turn back to the old day's when we where more self sufficient. We need to be a exporting country, Not an importing country.
Australia needs to run its own factories again and more people need to become farmers again to vastly increase our agricultural strength.
Like ummester said in the post above, Its time to be in the most secure job you can get, No matter if its low paying or not, Because if your only interested in the high flying jobs you may be alright today but next year you will be unemployed. Personally I think manual jobs will be more secure as manual jobs always need to be done, Yet we won't need as many waitress in the future as less people will be going out to dinner ect.
I hope that some people can see the light and don't continue to believe that the way things are now cannot continue to be forever.
now thats something i really agree with you on
WE need to be more self sufficuent. We should be exporting more and doing things for ourselves. I agree. But the problem is, its far cheaper to get it done overseas, so its a catch 22 situation – what do we do?cheers
wian
