creany wrote:
Evening Bravo,A little while back I was in a similar position with a choice of buying one or two IP's and renting with similar money. After seeing an accountant he gave me the advice of putting all my money into a PPOR and borrowing equity out of PPOR for the first IP. The first thing is he stated you need a roof over your head…[Read more]

great info everyone…thx. recently spent a week painting the outside of a new 90m2 hardiplank fibre cement country retreat. belongs to a friend.painted with brushes as he is an old building inspector, and didn't want spray. did two coats of the finish colour. water based trade paint.the hardiplank first coat really soaks it up. but second coat…[Read more]

Concur with what you say above….but never underestimate the bank’s sly dog tricks to squeeze the last drop out of the common folk….Ponzi ain’t happy till he has sucked the last dollar out….consider these ways to keep house prices moving up….

– increase term of loan above 30 years. i.e. intergenerational loan.

– shared equity loan…[Read more]

some good arguments in this thread…which has been going for 9 mths…..

these words from Saul Eslake recently add further clarity to what drove the last boom.

http://www.theage.com.au/news/business/the-great-australian-struggle/2007/03/08/1173166895673.html
“Although the borrowing capacity of buyers had more than trebled in the past 15 years,…[Read more]

Thanks for posting that stuff Macca. I often refer southerners to it when arguing that they continue to shift their welfare burden to Qld.

Qld has a long history of receiving southern welfare class and retirees. And why not…better to be unemployed or old, in the sunshine and warmth, then somewhere cold and wet.

In the last 15 years, there was…[Read more]

Originally posted by Dr.X:
We haven’t had too much success with letter drops either, most people are so disensitised to advertising, it takes several repeats to get any kind of response.

We’ve had a 2% success out of 10,000 letter drops done over several months. [biggrin]

Investment Property Management
http://www.adprop.com.au

Dr.X, can you expand…[Read more]

Just like to add my 2 cents worth regarding cycles.

Many talk of cycles as if they are a cert.
However, rarely does one find analysis of cycles extending back into the 19th century. And continuity of cycles depends much on many economic and political variables remaining constant.

There are many variables not remaining constant these days- i.e.…[Read more]