We havnt heard a peep from Adelaide, quite possible any boom there may continue.

re David Murray – lol good track record. been wrong for last 2 years, then switches tack at the top, classic contrary indicator. yeah, lets all keep buying based on his expertise.

The top of any market, whether it be shares or property, comes when the most…[Read more]

hey muppet

Im a kiwi boy, a westy!

steel roof will collapse long before it melts. with no wood to burn, what would burn that hot that it would cause the roof to collapse?

steel is great, looked at building one few years ago.

geez, just bought steves book too…..well guess you better get

“From $13k to $2m in 1.66 years”

published quick smart!

But them maybe someone will come out with a fortune book “……. in 0.8 years”

Regina,

The Tort of Negligent Mistatement says that three conditions must exist to be liable:

1. a legal duty of care owing
2. a breach of that care
3. financial loss as a result of the breach

It is very difficult to prove #2, even if #1 is by the book. I doubt #3 could result could result based on my comments, and #1 would not be established.…[Read more]

well I got 5 or 6 emails, obviously everyone here thinks they have perfect finances, or maybe they just dont trust me

OK, free for all, ask me anything.

Heres a sample of a question I was asked, identity witheld of course:

“I have $80k in shares, $20k personal loan, $6k credit cards 17%, negative geared sydney IP, sydney PPoR mortgage, $100k…[Read more]

“Ingenious and complex in design or function; intricate.”

at rent $130 and value $150+, the yield is around 4.8%, I would sell and find better opportunity elsewhere. wont be any CGT, take advantage of that.
the unit, rent $150 worth $145k, yield just over 5% probably negative cashflow, positive geared, dont be in a hurry to sell.

banks wont have any problems giving you $300k+

awww geez no 3rd star? booo

Vince – you emailed me but your address is getting bounced. got another email?

Mel

lol that could be it.

what makes me laugh is that in the job ad they state “we are an ethical and responsible equal opportunity employer”

actually I was getting some careers advice from SIA yesterday, was told the DFA (advising) I have is better than the old DFP (planning), DFA has 8 modules, while DFP has 4, which means, anyone with DFP only knows 50% of what they should……hmmm….they prefer 50% knowledge and some experience to 100% knowledge with no experience. strange

Rod

I think what they really mean by experience is

“can you sell our products even though they are not the ideal product for the client, and pretend you know what you are doing?”

1. your Pulsar is $20k new, so a 2 year old one would be worth $14k max (20% drop once driven off the lot)
2. why have 2 cars? both are liabilities, not assets. assets produce income. liabilities cost money ie rego, fuel, tyres, oil etc. sell 2nd car and pay off car loan.
3. no second hand computer is worth $1500, and I wouldnt count it as an…[Read more]

there are around 2000 different home loan options, thats what mortgage brokers are for!

1. dont sell and have it revalued, then use the equity
2. make it your PPoR for at least a month
3. if partner has lower income do it in their name

cut up your credit cards, sell the car, in fact sell off any luxuries you recently bought. buy a cheap car, cut up your credit cards (you obviously have a spending problem) and look for a second job.
you could refinance, but thats not going to save you when interest rates start climbing. try to eliminate the debt altogether first. you need to take…[Read more]

this might come out as a mess, worth a shot. it is a table comparing negative geared (capital growth) vs positive geared (yield). hmm, just previewed it, yuk. ok, end result is that on a $100k investment after 10 yrs, the yield based investment comes out $75k in front all things considered.

Condition Positive Geared Negative Geared

Income =…[Read more]

is there a link?

would like to view the table. i made my own and got a different result.

my predictions:

Sydney -30% by 2005
Melbourne – same
Brisbane – up 20% by 2005

definately is a bubble in Sydney & Melbourne. large drops have happened before and conditions are right for a repeat.

davo

“The average rent in Brisbane for example is about $250pw in the average 10km radius suburbs.”

Actually its funny, we took a 12 month lease on our rented house 8 months ago, for $200, which we thought was a bargain. A few months ago we thought about moving and asked the agent what it would cost to end our lease early. It was going to cost…[Read more]