Will be just like 3 with mobiles. Notice how their super low pricing has had no impact on the larger companies? They just can’t get enough penetration or market share to make it worth while for the big boys. The resellers have to buy this airtime somewhere and make up for the losses in another area. When they don’t they disappear. 3 has deep…[Read more]

Techa,

To be honest this isn’t really a plan, it’s more a set of investing principles. It is quite easy to say in theory if I do x I will make y dollars per year and mulitply it out for a number of years with end result z – I’m a millionaire.

Where are your contingency plans for if the market (shares or property) do not perform as expected each…[Read more]

Chan$,

The ATO aren’t trying to crack down on claims, they are looking at the actual structure of investments and businesses. If you invest in property via a company/trust set-up they are looking to ensure you are actually a business. If not your structure will be null and void, irrespective of how good your records are.

Have to disagree with Yack about a unit in a city. I think they are a relatively poor investment as all the value is in land.

The returns you are getting in Bathurst (over 5% of purchase price) seem a lot better than in Sydney or Melbourne which are around 2-3%.

If you are comfortable with the Bathurst area and it has good prospects for the…[Read more]

The mentioned 10% finders fee is rather high, considering normal commissions. Perhaps someone with money and no time may be interested, but I’m sure you may have more takers/nibblers with a lower commission.

Considering that the teaching curriculum hasn’t changed a geat deal since the first fleet I think lesson plans etc are a once a career effort, not every year. Maybe some minor tweaking here and there.

Teachers are very well paid out of uni, yet I have found the vast majority to be unsuited to any job involving human contact – they are mean…[Read more]

Teachers always seem to be going out on strike for pay rises. Make them work the same hours/weeks as everyone else, and perhaps get the union to agree to curriculum changes to update things out of the 19th century.

Shame that children become the football between the most militant left leaning unions and government.

My understanding would be that banks won’t offer a loan that extends past their normal working life – so if they are 50, a 15 year loan.

Nick

I don’t have any goals for x number of properties or x amount of dollars. While I enjoy it I will keep doing it.

I am already starting to lose interest in owning IP’s and development and businesses are the focus moving forward. More challenging and more time required.

Nick

Anyone born outside of NSW or QLD who follow the one true religion of AFL!

Definitely should be avoided. Hard to get finance hard to onsell, as you said impossible to improve returns.

Keep searching and the right one will pop up, usually every week or two.

Nick

Any link?

I’d say definitely do a degree. It teaches you a new way of thinking and how to approach business problems. It is also seen as a positive for succession planning, or if you apply for new jobs – studying is almost as good as actually having the degree.

Don’t worry about the friend at Bond (don’t do your degree there, unless you want the stigma of…[Read more]

Definitely only the portion of the month that you rented the property for.

We won’t be buying any established residential property in the next 12 months. We are focussing partially on development of land and businesses.

We don’t feel that the sort of res property we have purchased in the past is a good investment at present, and we aren’t into 50k rural properties.

Never heard of it – I’d decline their generous offer.

Have you made an offer and then backed out with this agent previously?

Hi there,

The main Cf+ places you will find now are in housing commission areas or in rural areas. Hobart is very expensive after several years of strong growth. The best bet may be in the North West around Burnie and Devonport. Population of around 20k and 30k from memory, but while they have kicked on, it hasn’t been as significant as…[Read more]

Hi Mini,

Sounds like a good sideline but not the sort of property/deals for me personally.

Good luck with it though!

Nick

7 day trading has been in for a few years.

Swansea, Bicheno and the like have well and truly boomed. Very expensive now, with tiny rental markets (combined pop. of around 1500-2000).

Employment depends where you buy like anywhere, but if you are thinking it is an undiscovered investors paradise you are 2 years too late.

You may find +ve geared…[Read more]

http://www.propertyguide.com.au for regional areas