Card skimming.

Write an irritatingly catchy, commercially friendly paint-by-numbers pop song and sell it to somebody who can actually sing*. Make royalties your friend.

F. [cowboy2]

* Best to avoid ‘idols’. Sure, the initial hit will do well regardless of quality, but you’re looking for royalties that continue to flow for… well, more than 11 days.

Back-bench politics

Extortion…

“You’re contracted to us to give us back a piece of the capital gain,” Martin says. “The piece of the capital gain is larger than the percentage [of the original value of the property] you borrowed. If you borrow, say, 50 per cent, you will owe us a bit more than 80 per cent of the capital gain. If you borrow 20 per cent, you will owe us 35 to 37…[Read more]

Originally posted by Mortgage Hunter:
Not sure if they will let Buy and hold investors use it [biggrin]
They claim they will!

Of course, you have to put in a minimum 50% of valuation (they don’t lend above 50%), and for that, they’ll take around 80% of the capital gain…

The problem would be finding the remaining 50%, assuming the title is held…[Read more]

Originally posted by redwing:
if its decling and voliatile then it should perform “very” well..

This depends on the system (and I don’t know it well), very few are able to truly & consistently trade profitably on volatility alone during a sustained decline. Does the fund publish regular stats on cash-ratio?

Just went looking, to no avail. Did…[Read more]

Originally posted by Derek:
I will also suggest you look at using the equity you have available and look into investing the funds into XXX’s http://www.XXX.com.au managed fund. Has returned around 18% for the last two years.

Careful there Derek, giving advice on ‘financial products’ is a whole lot more regulated and potentially dangerous than giving…[Read more]

Just remember that in the last downturn, prices in rural areas plummeted. 50% off was common in rural Victoria from Warragul to Mallacoota… The problem is that recession hits these areas much harder than larger population centres. A mid-sized employer (say an abbatoir / roof-truss manuf / sawmill closing down can see a dozen families leave. Then…[Read more]

East Brunswick, as close as possible to Merri Ck, so you have access to plenty of open space, unlimited bycicle/walking tracks etc. A short tram-ride to the city, walkable if you find yourself [confused2] and broke. If you’re lucky you might pick up a 3br unloved ‘period home’ in your range…

My 2c,
F.[cowboy2]

Originally posted by foundation:
Originally posted by Spanky:
Hey guys,
I recall reading a post on here not too long ago that went off on a tangent in regard to CGT and that a sale can be CGT free if the property is sold within 6 years of ownership…

True, providing you don’t nominate another PPOR during that time – as in, you can only claim CGT…[Read more]

Originally posted by Katiebaby84:
Simon – thanks so much for the tip! A lot of people have told me to be careful when it comes to FP’s.. [hmm]
I’d second that, but add don’t take financial advice from Real Estate Agents or Mortgage Brokers either. [wink]

F. [cowboy2]

Originally posted by lifeX:
I believe property (like all assetts) appreciation is more closely linked with supply and demand.

They are not making any more land, and it is a slow and expensive process for governments and councils to create the infrastructure needed to support new townships.

Supply and demand eh?
Let’s look at some facts. Taking…[Read more]

Putting family first would surely include such niceties as feeding and clothing them, not just providing a roof over their heads? On $960 per week minus tax, plus welfare, minus $600 mortgage payments, I’d suggest one would need to be neglected…
F.[cowboy2]

It’s not about the size of the wallet, it’s about the flashiness of the car he leases…

Originally posted by gmh454:
We have been fed figures interpreted by people with vested interests for so long, I will sit and watch first before getting excited.
Yes, funny how we’ve had many media stories detailing the shortage of rental stock in Sydney, tenants prepared to pay higher than asking rent just to secure a lease quickly.
Then the ABS…[Read more]

Actually the average wage was around $42,500 at my last check. You can’t look to average-full-time-male-earnings when a large proportion of the population is neither male, nor employed full-time.

Currently rising at 4.4%pa. In 10 years this totals a 54% increase, although subtracting inflation (as other costs will rise), more like 0.9%pa / 9%…[Read more]

Originally posted by shrimpo:
ivefor a house worth 130,000. and the repayment would be $230 weekly to me this doesnt add up
Well spotted. No, seriously, there are plenty of people who would argue that houses are rationally priced, when by any fundamental measure they are overvalued! You spotted the error, and well done. What would it rent for?…[Read more]

By that logic, somebody buying in Melbourne in 1989 for $184k would have made money selling in 1999 for $243k (REIV medians) would have made money? $114k in rent (ABS 3br Melb), $216k in interest costs, plus rates, maintanance, insurance, PM fees…

Originally posted by alotti:
Doesn’t all property become positive eventually & can’t you speed up the process by doing the following?
Probably. But if you bought a property yielding 3% (fairly ‘normal’ ATM), and increased rent by 4%pa, it would take 25 years to become CF+ (assuming 8% interest rates).

F.[cowboy2]