PropertyInvesting.com | Buzz Lightyear | Activity https://www.propertyinvesting.com/members/buzz-lightyear/activity/ Activity feed for Buzz Lightyear. Sun, 12 Apr 2026 13:54:40 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e32e69d6c41e6637d8a2f04c265f1ac5 Buzz Lightyear replied to the topic From 0 to 1 property in 4 months! in the forum General Property https://www.propertyinvesting.com/topic/4370354-from-0-to-1-property-in-4-months/#post-4447178 Thu, 05 Feb 2004 05:35:19 +0000 7% is a recommended rate from most of the State real estate bodies. Unless there is something exceptional, 9% seems high.

James

]]> d40e2cf989c74879b1afb71771bc7b5b Buzz Lightyear replied to the topic From 0 to 1 property in 4 months! in the forum General Property https://www.propertyinvesting.com/topic/4370354-from-0-to-1-property-in-4-months/#post-4447177 Thu, 05 Feb 2004 05:30:03 +0000 7% is a recommended rate from most of the State real estate bodies. Unless there is something exceptional, 9% seems high.

James

]]> a486969c90eb27a6df17f1961f53880f Buzz Lightyear replied to the topic Unconfirmed Rumor in the forum General Property https://www.propertyinvesting.com/topic/4371026-unconfirmed-rumor/#post-4452989 Thu, 05 Feb 2004 04:57:47 +0000 Rumour has it that they were in the South Melbourne McDonalds…Oh sorry, that was Elvis!

James

]]> e1ea37ecacb53c13a6ce58a50ae9528b Buzz Lightyear replied to the topic Henry kaye aftermath in the forum Opinionated! https://www.propertyinvesting.com/topic/4371033-henry-kaye-aftermath/#post-4453037 Thu, 05 Feb 2004 04:49:50 +0000 On the contrary, I do have compassion for those people who only had their own and family’s best interests at heart. Unfortunately they did not have a network of family/friends which questioned, probed and debated what they were doing.

James

]]> 8743d233e9017f821b1cf79d95543478 Buzz Lightyear replied to the topic Henry kaye aftermath in the forum Opinionated! https://www.propertyinvesting.com/topic/4371033-henry-kaye-aftermath/#post-4453033 Thu, 05 Feb 2004 04:23:51 +0000 Kay,
I think you may be too generous to those people..calling what they did as a strategy…Many I believe were novices who probably always wanted to get into property, were attracted to the promise of a quick fortune, and romanced by a very good salesman.

James

]]> 6503c04fa851642d2381833367f1d60f Buzz Lightyear replied to the topic What do u class as a millionaire... in the forum No Subject https://www.propertyinvesting.com/topic/4370996-what-do-u-class-as-a-millionaire/page/2/#post-4452754 Thu, 05 Feb 2004 04:11:38 +0000 My only point was that a depreciating currency tends to suggest lower buying power relative to the rest of the world. Sometimes as a response to relatively higher inflation, reducing the worth of the local cuerrncy.

The extreme example was Argentina in the 80’s, where inflation wsas rampant and the currency worthless. So having a million pesos…[Read more]

]]> 9ca61e9bbfaad33f6618d3fd98978189 Buzz Lightyear replied to the topic Henry kaye aftermath in the forum Opinionated! https://www.propertyinvesting.com/topic/4371033-henry-kaye-aftermath/#post-4453030 Thu, 05 Feb 2004 03:39:18 +0000 Not directly…but I am still waiting for the sky to fall in!

James

]]> 034b57be9f09e5ec058ee4fee43ba37c Buzz Lightyear replied to the topic Guys ~ Carry Out This Test => It Works in the forum Forum Frolic https://www.propertyinvesting.com/topic/4370991-guys-carry-out-this-test-it-works/#post-4452709 Thu, 05 Feb 2004 03:30:17 +0000 Well, I have another one for you……..

Think of a number between 1 & 10.

Double it….

Add it to itself…..

Choose the corresponding number in the alphabet….
ie 26 = Z 1= A

Think of a country beginning with that letter….

With the second letter of that country, choose an animal starting with that…[Read more]

]]> 434dbefcdd7e1b4441bd19b7c730839d Buzz Lightyear replied to the topic What do u class as a millionaire... in the forum No Subject https://www.propertyinvesting.com/topic/4370996-what-do-u-class-as-a-millionaire/#post-4452750 Thu, 05 Feb 2004 03:10:48 +0000 I agree with you Neil. Of course, if we were discussing this 18 months ago, that $1.32m, would have been closer to $2m

James

]]> 95b227751cebb00ab2a504b64b28e06b Buzz Lightyear replied to the topic Should I sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4371013-should-i-sell/#post-4452877 Thu, 05 Feb 2004 03:01:24 +0000 Mel,

Given such a relatively short period of time since you purchased the property, if I was in your position (and of course I am not, nor do I know of your circumstances, however…), i would be reluctant to sell as a result of all selling costs and then buying costs associated with next IP, for the ultimate result of having still, only 1 IP.

I…[Read more]

]]> 4a7f624eef4542db1b49900fcf1ce6c5 Buzz Lightyear replied to the topic Should we help our kids to get their 1st property? in the forum Opinionated! https://www.propertyinvesting.com/topic/4371018-should-we-help-our-kids-to-get-their-1st-property/#post-4452906 Thu, 05 Feb 2004 01:33:02 +0000 Peter,
Just a comment on a couple saving $50k for a deposit as you mentioned. If you assume that property doubles every 10 years on average, then they are still $25k short after 5 years.

James

]]> afec922bd68e8ccaedaf6f5b85100c15 Buzz Lightyear replied to the topic Brisbane Lawyers in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4370969-brisbane-lawyers/#post-4452554 Tue, 03 Feb 2004 13:00:03 +0000 Ginamarree, thanks. Have you used them personally?

James

]]> b4f1f82b5dd698d1f8795c43f75bf009 Buzz Lightyear replied to the topic Interest Rates - Quick Poll - For Tomorrow % in the forum General Property https://www.propertyinvesting.com/topic/4370986-interest-rates-quick-poll-for-tomorrow/#post-4452652 Tue, 03 Feb 2004 10:44:16 +0000 YES

James

]]> 851f0f49248c82ce3feb52cb07c404f6 Buzz Lightyear replied to the topic The Art of Persuasion.....Valuations in the forum Finance https://www.propertyinvesting.com/topic/4370967-the-art-of-persuasion-valuations/#post-4452533 Mon, 02 Feb 2004 23:25:35 +0000 Pisces,
I ordered the valuation. After seeing comps and getting agent valuations in the area, I thought it wise to confirm those with a SW. Thought if I had this, it would add to the evidence I plan to present at the time of settlement. However, the SW was not from the bank’s valuer.

James

]]> 5a9bf946527e94446420209630c76ddb Buzz Lightyear replied to the topic wildlywealthywomen.com in the forum Heads Up! https://www.propertyinvesting.com/topic/4370962-wildlywealthywomen-com/#post-4452500 Mon, 02 Feb 2004 15:09:13 +0000 Corrine,
If you do a search on ‘wild wealthy women’ on this site, you will see plenty of discussion regarding the program.

You might have just missed the last one, which was only a few days ago.

James

]]> 8a251c9a48500f6f6206f3c882ffbf43 Buzz Lightyear replied to the topic Over Inflated Market in the forum General Property https://www.propertyinvesting.com/topic/4370965-over-inflated-market/#post-4452522 Mon, 02 Feb 2004 13:59:01 +0000 Native Metal,
Much of the country have experienced property price increases at above long term growth rates. There are many opinions as to what is going to happen next. However, like most investments, property investment must for the long term. Like the sharemarket crash of 1987, any long term graph shows that this was a small reduction in the…[Read more]

]]> 3fa8b1e6c3b6537e391f738359b5c7cc Buzz Lightyear replied to the topic diversifying?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4370951-diversifying/#post-4452458 Mon, 02 Feb 2004 06:28:59 +0000 Damon,
Given that your broker earns his money through ‘selling’ managed investment schemes & shares etc, he sees a nice little earner from the proceeds of your IP. If he has advice to give, pay him for his time. Not a commission based on his advice to put you into shares.

James

]]> 1adf908ad5a9cc9682cfde0ab9c73bd0 Buzz Lightyear replied to the topic Getting a new investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4370714-getting-a-new-investment-property/#post-4450290 Mon, 02 Feb 2004 05:45:50 +0000 Tax depreciation schedules are provided by quantity surveyors. You are entitled to tax deductions up to 40 years on various items, with regard to building & depreciation allowances. For example, things like dishwashers, cabinetry, carpet, window furnishings, air-conditioning units etc. I have recently undertaken this for one of my IP and this…[Read more]

]]> 15327de7caefd4321862352ae36f5cf4 Buzz Lightyear replied to the topic Investment Focus in the forum No Subject https://www.propertyinvesting.com/topic/4370854-investment-focus/#post-4451609 Thu, 29 Jan 2004 13:18:38 +0000 Thanks Shushar.

James

]]> 5dd74b29442d6254ec7a8ab104619c16 Buzz Lightyear replied to the topic to manage or not to manage in the forum General Property https://www.propertyinvesting.com/topic/4370825-to-manage-or-not-to-manage/#post-4451274 Thu, 29 Jan 2004 12:48:31 +0000 A good working relationship with a PM is as good as investment as great tenants and good sales agent contacts. Give the current people the flick and find someone, who will give you the information, insight for future purchases. Know your longer term vision with regard to IP and let them know. All PM’s and sales agents in my experience respond…[Read more]

]]> e285320b4c5104cf7a1b0623a5daa512 Buzz Lightyear replied to the topic Line of Credit questions in the forum General Property https://www.propertyinvesting.com/topic/4370853-line-of-credit-questions/#post-4451601 Thu, 29 Jan 2004 12:33:16 +0000 I went for the maximum amount. Obviously, that was linked to my ability to service and the new valuation. However, I thought the higher LOC available, the greater options I would have, as I had not at the time, identified next purchase. My LOC is not a huge amount in anycase (50k).

James

]]> 84719f7672c63a9a4b7b2b7d22ea447a Buzz Lightyear replied to the topic Where does the market go from here? in the forum No Subject https://www.propertyinvesting.com/topic/4370828-where-does-the-market-go-from-here/page/2/#post-4451318 Thu, 29 Jan 2004 12:21:29 +0000 If you examine the source of the commentary in the media about the share v property debate, most of the quoted who are advocating equities are from large financial conglomerates whose activity is primarily out of the sharmarket. Not saying they are wrong, but self-interest is a great motivator.

Shushar, didn’t think of the car wash down the road…[Read more]

]]> baa2ac0f5cccf71b1bf23e81f180c57c Buzz Lightyear replied to the topic Differences between Mortgage Brokers in the forum Finance https://www.propertyinvesting.com/topic/4370855-differences-between-mortgage-brokers/#post-4451611 Thu, 29 Jan 2004 12:10:44 +0000 They were different, one was Aussie (240), the other Bank of Melbourne (315). But I know, that both institutions were in the list of each broker’s software package used to determine the figure. I would have thought they would come to a very similar result.

James

]]> e5ce61a99bff35fd95b014764e1e9750 Buzz Lightyear replied to the topic Line of Credit questions in the forum General Property https://www.propertyinvesting.com/topic/4370853-line-of-credit-questions/#post-4451598 Thu, 29 Jan 2004 12:06:23 +0000 BenJones,

I have recently undertaken what you are contemplating. For me, the LOC is there to fund next IP purchase. Also set up offset as well, which I think is good value to park any other savings and have pay being paid to linked account.

In terms of impact on future IP purchases, my understanding is that they will calculate your debt as the…[Read more]

]]> 2d13a3eb80472283bcf5c4c6f3313f62 Buzz Lightyear replied to the topic Where does the market go from here? in the forum General Property https://www.propertyinvesting.com/topic/4370828-where-does-the-market-go-from-here/#post-4451316 Thu, 29 Jan 2004 10:50:59 +0000 On the actual subject of property, two queries about everyone’s comments.
1. Property is such hetergeneous asset class, to make generalisations about the market will go up or vice-versa I think misses the point. Townhouses, apartments, houses in different georgraphical and demographic areas will respond differently to a market of rising interest…[Read more]

]]> cb6c3d08b8174c5bf7c2f99c1dfe0399 Buzz Lightyear replied to the topic Where does the market go from here? in the forum General Property https://www.propertyinvesting.com/topic/4370828-where-does-the-market-go-from-here/#post-4451315 Thu, 29 Jan 2004 10:40:08 +0000 Whilst China as an economy is growing at a fast pace (around 8-10% per annum), what sustainable comparative advantage do they currently posses? Outside of cheap labour (which is transitory eg Taiwan, Japan) and a significant population, most of the investment is coming from large global firms. Japan had their own firms, technology & innovation.…[Read more]

]]> 56d32607617171553d4dfd4e48508a2a Buzz Lightyear replied to the topic today tonight- tenant damage in the forum General Property https://www.propertyinvesting.com/topic/4370849-today-tonight-tenant-damage/#post-4451542 Thu, 29 Jan 2004 10:20:02 +0000 There are databases available at a cost which are designed for property managers/agents. There may also be others, not sure. http://www.rpdata.net.au/home/brochures/tenantinf.html.

James

]]> e8f73c5a90e9f217d1da6b9e3e27fe95 Buzz Lightyear replied to the topic CBD Purchase Quandry in the forum Finance https://www.propertyinvesting.com/topic/4370797-cbd-purchase-quandry/#post-4450985 Tue, 27 Jan 2004 14:00:20 +0000 Mart,
Mortgage insurers not even offering LMI on these properties at the moment (especially Docklands). Are you both entrenched in the idea of an apartment? I am assuming the location is due to proximity to work? I am not sure if there is anything you could really do in this location with 5%. West Melbourne or North melbourne (which are close…[Read more]

]]> 695dbdd51d3281b63b712bb012b84a16 Buzz Lightyear replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/#post-4450748 Mon, 26 Jan 2004 12:05:44 +0000 Just thinking aloud…how about a 80% loan with your financial institution and a second mortgage provider for the rest. Assuming servicing ratio/income is still OK.

James

]]> b3dab17f2c7e2a738f113796f7d51b6d Buzz Lightyear replied to the topic Q.S. Report in the forum General Property https://www.propertyinvesting.com/topic/4370648-q-s-report/#post-4449697 Sat, 24 Jan 2004 15:55:47 +0000 Re: http://www.depreciator.com, I have compared their prices to various other QS’s and they are a little more expensive. The others that I have engaged do also provide a similar gaurantee re tax savings being twice the amount you paid for the report.
When choosing a QS, make sure they are registered as a member of the Australian Institute of Quantity…[Read more]

]]> f75242041214abad973c870680a73e38 Buzz Lightyear replied to the topic Claimable or not? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4370681-claimable-or-not/#post-4450033 Fri, 23 Jan 2004 07:56:39 +0000 My understanding is that you can claim one (1) trip per year to your IP. Not sure if that means you can claim 3 trips if you have three IP in another area though.

James

]]> a9922dc0e9fe6bd4f440461789c3e1ef Buzz Lightyear replied to the topic Getting a new investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4370714-getting-a-new-investment-property/#post-4450287 Fri, 23 Jan 2004 06:52:07 +0000 Ask your bank which valuers they use because you are interested in purchasing another IP and would like their assistance so you don’t pay too much. If you use them to value your current IP, even if they assign the valuation to you personally, there is more chance that there will not be any conflicting valuations, when they offically revalue. I…[Read more]

]]> 6be965bf8c79f76e2acf95407b051cae Buzz Lightyear replied to the topic Is there a smarter way to research properties? in the forum General Property https://www.propertyinvesting.com/topic/4370680-is-there-a-smarter-way-to-research-properties/#post-4450021 Fri, 23 Jan 2004 06:37:59 +0000 The local council web-sites (at least in Victoria) generally have information regading demographics and other general property indices in the area.
Valuer-General’s office in each state has property values as well. (I think there is a charge here though).

James

]]> d2137300a9681966c7f78046fc7acbd8 Buzz Lightyear replied to the topic Offers on property..how do u do it??? in the forum No Subject https://www.propertyinvesting.com/topic/4370333-offers-on-property-how-do-u-do-it/#post-4447054 Fri, 09 Jan 2004 07:02:55 +0000 Spider,
Once you have an address, you need to do a title search. They do have a minimal cost and that will give you the owners address at the time of purchase. This might not necessarily be the same address today. You will have a name nonetheless. Which state are you in?
Alterantively, units generallly indicate a plaque indicating a managing…[Read more]

]]> 2aece81615747f39711676ee879ccc98 Buzz Lightyear replied to the topic Areas to buy - Victoria in the forum General Property https://www.propertyinvesting.com/topic/4370358-areas-to-buy-victoria/#post-4447209 Fri, 09 Jan 2004 06:42:30 +0000 RobAde, do you have anyone on the ground here in melbourne who is property savvy? This would help. Whilst it might be easy to say Richmond/Elwood might have higher CG compared to a Sunshine/Dandenong. Or alterantively, Sunshine/Dandenong may have more neutrally or +ve greared propoerty, you need to pick the brains of sales agents & property…[Read more]

]]>