Yeah, Land Tax – ouch !!!   One of the negatives of Equity Growth eh?  And again, that’s a 140% increase in just two years.  HOW is that any kind of fair?  Especially as mortgages have gone up by even more than that for you, haven’t they?   (3% to 9% is a 200% increase, right?)

At times like this, I like to look at the numbers to see if “there…[Read more]

Hi Firefly,

Yeah the previous Govt certainly made several brain-dead moves in this space over several years up here.  I’ve talked of these very things in other topics.  I’ve also heard of landlords bailing from the Qld market as many of those law changes impacted them.

The big one in your case though (obviously) would be the ballooning Cash R…[Read more]

Are we really likely to have 6 x 0.25% drops this year? (i.e. in 2024)

Well, that didn’t happen, now did it?  So here we are in Jan of 2025, with still no decrease in the Cash Rate at all.  The headline inflation broke through the 3% band, but that wasn’t good enough for the RBA.  So folks continue to live in tents, power prices continue to gr…[Read more]

Hi PropDir,

The forum in which meetings are aired is the “Heads Up” forum.  SEQ is well served by one Matt Jones who runs such meetings usually monthly in Brisbane, with other (less often) meetings for the Gold Coast and Sunshine Coast.

Over time, I have seen occasional meetings held in Sydney and Melbourne too, though nowhere near as regular…[Read more]

Wow – it’s been a whole year !!   One major sticking point that has shown up over the last 12 months is the subject of transmission lines.  Think this through now:-

For a grid to work, it must be interconnected.  To interconnect a plethora of independent inputs requires a spiders web of interconnections.  And copper wire is not cheap.  Neith…[Read more]

Wow – it’s been a whole year !!   One major sticking point has shown up over the last 12 months is the subject of transmission lines.  Think this through now:-

For a grid to work, it must be interconnected.  To interconnect a plethora of independent inputs requires a spiders web of interconnections.  And copper wire is not cheap.  Neither are t…[Read more]

Hi David,

Thanks for such an insightful yet succinct post.  I have just the place for such good comment, and have added a link to here in the “Big Picture” topic for those who follow.  Well done, and I like your style.

Benny

Does positive cashflow investing work today, in these times of high prices and interest rates?

Someone recently asked the question “Can positive cashflow investing like Steve did in Ballarat work today?” (from the book “0 – 130 properties in 3.5 years”).

In reply, one of our experienced members provided the poster with a brilliant breakdown of…[Read more]

Hi Lin,

That’s a good question.  I lived through those years, and have seen a few booms in my time.  I recall Steve saying that his “way” was what worked at that time, in that market.  Markets change, and Steve changed with them.  After Ballarat, Steve moved to another area (was it Latrobe Valley?) then on to New Zealand, then USA, and later on…[Read more]

Hi John,

You might’ve seen the PM from me, wherein I point you to two places.  I am adding it here in case others could do with finding the same info.  First place to look (for general info re investing in property) is the Articles in the Training Centre.  You’ll find it on the Home page.  The articles are broken down into subjects like “Bu…[Read more]

Hi Tazzzman,

I’m not sure if you stumbled over an article written by one of Steve’s former right-hand men (Jason Staggers), but it appears to be a useful guide to WA zoning, including a link to the Govt website where you can read more.  Here’s the article by Jason – hope it…[Read more]

Hi ILF,

I must say I can only agree with the thought expressed here:-

Considering housing crisis, government can NOT provide more house, Aussies have to live in cars and tents, but council still says people can NOT live in rumpus room…

I guess “back in the day” there may be really good reasons for making 8foot (or 2.4metres) the minimum height…[Read more]

Well, THIS email I received struck a chord with me.  It’s title read thus:-

Save money and get healthy by avoiding the cashless effect

The email referenced a petition to the Govt that attempts to prevent the abolition of cash in our society, and it makes comments that ring true to me.  It was all about “the pain of parting with cash keeps you s…[Read more]

Well, THIS email I received struck a chord with me.  It’s title read thus:-

Save money and get healthy by avoiding the cashless effect

The email came in the form of a petition to the Govt in an attempt to prevent the abolition of cash in our society, and this petition makes comments that ring true to me.  It was all about “the pain of parting w…[Read more]

Hi Tempo,

I have no direct answer for you, except to say, try an Insurance Broker in your area.  It is their job to know all the “ins and outs” of Insurance, so they should be able to guide your steps in this unfamiliar area.

Benny

Hi BB,

The “numbers” will likely confirm the way to go.  Without knowing what you bought these for, my example below may be inaccurate, but use it to add YOUR numbers to see what works best.

Assuming your mortgages are IO, it sounds like a 3.35% increase, but the Interest paid would’ve DOUBLED, so a 100% cost increase.  If P&I, it is the I…[Read more]

Hi BB,

The “numbers” will likely confirm the way to go.  Without knowing what you bought these for, my example below may be inaccurate, but use it to add YOUR numbers to see what works best.

Assuming your mortgages are IO, it sounds like a 3.35% increase, but the Interest paid would’ve DOUBLED, so a 100% cost increase.  If P&I, it is the I…[Read more]