tiger_ra wrote:
One of my main drivers in investing in property is to take advantage of tax savings from negative gearing

The ol’ spend a dollar to save 25 cents trick eh. Sounds like a plan.

The Freckle

xdrew wrote:
I think the funniest thing with this little thread is it started in 2008.Since then the properties in my area have added another 28% to their market value.

Which is on average 5%pa. That’s just enough for a PI to hold it’s buying power and cover maintenance costs. Neutral or negatively geared and you’re out the back door.

Not…[Read more]

(Bold type = Quotes from Crusty above)

I dont know hoe you construe a report saying Irymple can onlly support one new supper market instead of 2 because there are a whloe bunch of new shops and woolworth shopping complex being built 2 k down the road in Mildura as bad??

I’m not saying it’s bad. Herron Todd White, the writers of the report…[Read more]

Nigel Kibel wrote:
With 2012 well under way it will be interesting to see what happens to the Property Markets across Australia this year.
Most of the indicators would suggest that in 2011 the property markets had bottomed and we should see steady growth throughout most of Australia for the remainder of the year.

Hmmmm………

That stuff you…[Read more]

crusty wrote:
freckle,   another thing you and that economist who sits up there in his distant Ivory tower  and work out average incomes is that there is so much work there a lot of people can demand to be paid in cash. No cash no workers.  There  are people on social security benefits working for cash, counted as unemployed , thats is what ma…[Read more]

I’m assuming all you guys have read this

http://www.mildura.vic.gov.au/Files/Expert_Witness_Statement_-_Mr_Justin_Malkiewicz_Macroplan_Aust.pdf

It’s a comprehensive overview of the last decade to 2011.

Worth noting is Mildura’s vulnerability to high unemployment in times of economic and climate stress. Mildura’s dependency on its agricultural…[Read more]

You can get up to 6.01% / 4mths with Ubank on term. Anything other than TD’s are high risk at the moment. Property in the main is trending down so there’s no rush. I don’t see that trend changing any time soon in fact you may see it accelerate as we head into a possible white collar recession.

The imminent collapse of the EU, a slowing China,…[Read more]

They have no history even though the Co name has been registered for some time. These types of so called expert advice companies who’ll somehow find you the best CF+ properties at under market value blah blah are starting to pop up more and more.

Red flags everywhere with these guys.

Any business who purports to have 20+ yrs combined experience…[Read more]

fWord,

the biggest wingers in society are the wealthy. The wealthier and more powerful the bigger the winging and whining. They do their winging through professional lobby groups or industry associations. Just look how the mining industry went on a winging spree when govt imposed the super profit taxes. And who winged the loudest. Yep good old…[Read more]

mattsta wrote:
i think it helps to be contrarian. A lot of the richest people in the world became that way because they thought differently from the herd.That's why it's good to take responsibility for your decisions and actions, and to test your own assumptions

I'm not sure that being contrarian has any distinct advantages. Generally speaking…[Read more]

Andrew_A wrote:
There's been some renewed interest in the Brisbane market and more specifically new product leading up to the Jan 31 deadline (now extended till 30 April), however it appears as if the rate cuts were likely the most important factor in the new interest, they really do make a difference!

You’re kidding!!! Andrew you need to…[Read more]

“The wealthy are like everyone else”

Since when?

“there is a jump to get there”

where?… wealth.

Very very few get to be wealthy in one jump. It’s often an incremental evolution over a long time. The exception are a tiny tiny group of super entrepreneurs (Larry Page -Google) and those that inherit.

“and its just as easy to fall off the rich…[Read more]