g’day

over 240 people have read this post and it seems only two of the forumites have had succes in finding a +ve geared property in the last week.

well done westan and michael and kaye.

daretotry

must admit found the same problem in the larobe valley.

g’day westan

last week when you replied to gianni the returns you mentioned were a little worse than 60k for 120 per week

is the rent improving in these areas??

thanks michael – see it can be done.
ps – love the purchase price on the top two.
im guessing there not in a very large town.

lawry – see though you dint follow through wanna spill the beans for us???

sake of good order

by +ve cashflow property lets use the 11 second rule.

cheers

geoff

remember this agent probably had a vested interest.

also remember that was what melbourne agents said about geelong and bendigo 2 years ago and their capital growth has outstripped melbournes in that time.

i think there are opportunites in all areas you just have to sniff them out – and they might not necessarily mean +ve cashflow bargains.

geoff try another 200 km further north if you want to find them in victoria.

g’day lawrie

you are right

i knocked back an opportunity showing 12 pct return (a few months back).

although the return was good it didnt meet the other criteria i had set.

cheers

growing up two things were always distilled into me

1) critial thinking
2) being a descerning consumer

both are quite underrated in the rush for material gain.

regina – i agree with all you said
except the bit about buying a home now being no more difficult. i just have to open the newspaper

home affordability at all time lows, property booms, young people leaving university with huge hecs debt etc etc

g’day shezien

unfort it doesnt meet the 11 second theory.

at rent of 253 per week you shld only pay 125,000
for the property (at the most)

cheers

g’day mcdeyess

i reckon

– the govt shld leave the market alone – any reductions in stamp duty etc will only push the price further

– we should all spend more time reading the sports pages and wait for the market to correct itself.

the problem is no one is sure whats going on and this includes the polies

[]

if you want good capital gains my suggestion is the bass coast in victoria. highest regional population growth in the state, comparitively low entry level (compared to surfcoast), on the coast to take advantage of the baby boomer migration.

average for positive cashflow

philip island and inverloch and surrounds
all 2 hours from melbourne

and no…[Read more]

i agree with benson completely.

surely the best lessons are based on more than a fable about a rich old man.

if thousands of people are basing their investment empire mostly on a story that was fictional than that is a worry.

i guess the key is to treat all advise with a degree of sceptisism. ive read his books and found them very insightful…[Read more]

g’day garfield

heeps of people have interest only loans.

i think due to the ‘hot’ market people are changing back to p&i. more equity is safer
should the market change.

g’day magnum

personally i think fear and pessimism are two differnt things. pessimism is negative and fear
can be both + or -. infact fear is probably the driving determinant of all social behaviour (deep eh)

fear is good if it builds awareness. and awareness is good it it leads to the truth…
if that makes sense.

and by the way time maybe the…[Read more]

most rich men i know are fat and bald.

im well on the way then

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on my calender today, which by the way very interesting quote for investors

‘the money saved for a rainy day now buys a smaller umbrella’…..WGP

my favourite is from kurt vonneut who said
‘never trust a man in a suit’

[]

if you snooze you lose!!!

[]

del – youre always 1 minute b4 me – maybe thats why yr in the money and im not – lol[]

cheers