I know and agree that things look a bit rough ahead but i still feel the doom and gloom outlook can be a bit overdone. This talk of massive house price crashes etc etc i feel is a bit overdone.I look at my personal IP situation that wasnt a bargain but just a todays value purchase. With all costs considered it costs me $35 per week to hold THATS…[Read more]

I have made a good profit off muscle cars recently but i believe they are reaching there peak. If i see prices stall i will put my car on the market quick as at just under going rate to move it quickly. Then ill invest the money in either my PPOR or another IP,depending on the market

Thanks guys. Im not sure how high muscle cars can go. History shows that once housing is flat and the economy slows.Muscle car prices suffer a fair bit becouse they are a luxury .I also heard that muscle car profits may be tax in the near future. I guess it was only a matter of time before the tax man got his slice.Also prices for cars in america…[Read more]

Ha ha ha. Yes i wouldnt pay what they are worth today thats for sure. But i have had three genuine offers of $110,000 so you will have to increase your offer a bit.

 hsv group a Walkinshaw

Good point. Unfortunately many would rather do nothing and when they hit the wall,they will bitch that no one helped them or warned them of there impending financial doom.PS I have two of which one i could cut up tomorrow.

I know people making good money and save like mad but absolutely hate borowing money. They would never consider lending money for investment purposes. Only to pay for there own home and they still only bought a very modest house in average area. Choice (A) would suit them.But many people understand borrowed money and good cashflow increase w…[Read more]

devo76 wrote:
Bugger 64

Re assesed with where i should be in one year (house paid of and second investment property) Increased to 365 on the dot. Now to stick to my plan and increase again and again and again.

Bugger 64

Tysonboss1 wrote:
The only way the government will lessen the burdan off high prices off lower income families is by giving incentives to developers to develop more low income housing. taking away the tax benefits means less investment dollars will flow into developments, less property available means higher rents. how would this help people…[Read more]

From what i understand the government tried this before by removing neg gear tax breaks. When they did everything went to s#!t leading them to reverse there decision. Also not everyone will buy a house with many just renting during there life.The government will not provide housing for everyone so who do renters rely on for housing INVESTERS. M…[Read more]

Me i love the luxuries but still plan for the future. Not much point living like a hermit so you can retire at 40.DUDE YOUR 40. Thats a lot of livetime spent and gone. Id personally rather live a comfortable life all the way through than just save for the last part. All about balance i guess.Im 30 and by the end of the year i hope to own my PPOR…[Read more]

 I have bought two. (although i wish i bought them before i bought my IP). I find them handy for people like me who are just starting out in property investing.I understand the general areas that are booming. ( SE QLD etc). But i find the reports tell you before the areas increase to much and gives reasons why to buy there. Those reasons help me…[Read more]

I second that comment. While i agree many may be in stress. There are a whole lot more that could easily fix there problems by changing the way they live.

I built my first PPOR that was completed early 2001. Cost was $185,000. By mid 2002 its value reached $300,000. By early 2003 we had people door knocking offering us $380,000. Not bad for a young couple with there first house in a country town.My biggest mistake was not taking advantage of the growing equity earlier by buying a IP in early 2002. L…[Read more]

I only purchased a IP about 6 months ago although i wanted to buy one just after purchasing my PPOR 5 years ago.That waiting cost me possible capital growth in a IP like i expierianced with my PPOR. Live and learn.What finally got me going was dropping in to a few lenders and finding out my borowing power. From there i had a idea of what i had to…[Read more]

I like this topic. Its like the holden vs ford debate. It can never be won as it relies heavily on personal taste and expieriances.Still a good read but.

I live in nowra on the nsw south coast. I was born here although i spent some time living in canberra. I love it here.Minutes to the beach with some world famous beaches and jervis bay is fantastic for all watersportsEndless bush for dirtbike riding and campingSome of the best rock and of shore fishing in australialess than 2 hours to sydney and…[Read more]

foundation wrote:

crashy wrote:
money is pulled out of equities and is reinvested in property. thoughts?

What money? It's the same credit expansion that's been the main force pushing shares higher, property higher and national productivity higher for the last decade. Credit = loans. People borrowing to buy. If they pull money out of shares…[Read more]

v8ghia wrote:
Hey Devo – don't worry about wasting money – just imagine how the poor cow that would be silly enough to spend 100 large on a VL Commodore will feel a couple of years later on…..heh heh (nothing personal – just telling it like it is—if you can get anywhere near that take it and run!)

 Funny thing is  it will probably be w…[Read more]