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October 13, 2013 - 5:56 pm

Appreciate your thoughts guys, Freckle I knew you would jump on this discussion. 

It's been an interesting couple of weeks in global politics particularly the debt ceiling crises. 

I see JPMorgan have been fined a 'seemingly' huge amount of money for past indiscretions…..  

http://finance.yahoo.com/blogs/breakout/11-billion-fine-just-cost-doing-business-jpmorgan-175948500.html

I got out my copy of Robert Kiyosaki's 'Rich Dad's Conspiracy of the Rich' recently….. Give you the tip, it's an interesting read in light of what's going on globally this decade.

Some massive action on the COMEX of late. Some huge short positions in the Gold paper market in what I think is manipulation of the gold market as the fed tries to protect the USD after it has been attacked in recent times. The world is now moving away from the USD as a global currency which is evident in China now opening up trade agreements with a number of countries and freely using the Renminbi. 

China is now importing huge amounts of gold bullion which is cementing a floor on the price of gold even as it is being manipulated in the paper market. Sometime down the track we may see the Renminbi backed by gold…… 

 

http://www.zerohedge.com/news/2013-10-13/chart-day-china-imports-over-2000-tons-gold-last-two-years

Well, I guess this weeks the week then… this time around anyway!

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July 20, 2013 - 7:02 am

Reno101 wrote:

Hi JT7 , I am currently working in the surat basin and surrounding areas, coal has hit it's peak and there's too much hype out there , be careful ! –  I know lots of guys working in coal and it is a touchy subject , the CSG is the new kid on the block , if you or someone you know can visit the area  you will see all the action from Dalby  to Roma to Gladstone , it is buzzing , but you still need to do your due diligence , hope this helps in someway  .

I agree in part. There's no doubt about it, coal has certainly been hit hard this year and there has been pain but I think there are many issues involved including but not limited to companies improving production costs. The money being splashed around in the industry was ridiculous and unsustainable.

You are right in that CSG has really hit the ground running and is an exciting new industry. Commodities will continue cycle through just like always. There will of course be ups and downs and the coal industry is in one of those dips at the moment and this has certainly affected vacancy rates in Emerald in particular but even Gladstone is experiencing some growing pains at the moment. 

Over development in these towns really have a huge impact and it takes time for vacancies to work through after a big push on development as we've experienced in Emerald and also Gladstone. 

However, just like most markets there will be some great opportunities. There will be some panic selling in some cases and these opportunities are ripe for the picking if you know what you are doing and can see long term. 

The coal industry attracts me because it's labour intensive and recession proof (In relation to thermal coal). People, especially in developing countries, need low cost energy. 

The opening up of the Galilee Basin in particular is exciting just as is the opening up of the Surat Basin and IMHO both will do very well into the future.

Great post mate.  

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June 24, 2013 - 11:20 am

RPI wrote:

Hi JT7

All has to be National Consumer Credit Protection Act compliant now, so Australia wide.  The main difference for us is we don't do the conveyance out side of QLD when exercised and we have to adapt the Power of Attorney Act references.

Hi Darryl,

thanks for the heads up….

I see all the networks are in place. I Had a sneaky suspicion you might have been acquainted with Sir Richard….

Good to know. 

Cheers mate, 

Jack 

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June 24, 2013 - 11:15 am

Qlds007 wrote:

Hi Jack

Darryl prepares all of mine and legislation is National.

Difference is the Call Option inside the Option Contract relates to the State where the security is located.

Cheers

Yours in Finance

Hey Richard, 

Fantastic that killed two birds with one stone so to speak…..

So much easier making war plans over a Filet Mignon and good wine Richard….

Me feels a trip up to Brissy is a brewing….

Jack

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June 24, 2013 - 5:12 am

RPI wrote:

Thanks Terry

We charge $1500, don't charge if it doesn't go through.

Timeframe depends on how busy the practice is.  I have been running at a week or 2 lately but have employed an additional solicitor today so will be back to a day or 2.

regards

Hi Darryl,

Do you construct option type contracts specifically in Queensland and/or Australia wide? 

I know each state has it's own legislation and issues which can be difficult to navigate. 

Cheers, 

Jack 

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June 24, 2013 - 5:01 am

Property being the long term investment it is I think you can invest for both. 

There are some fantastic markets around Australia that offer great yields and have all the growth driver's that support capital growth over the long term. 

Affordability is an issue as is serviceability and goals and it needs to be tailored to suit each particular investors circumstances. My long term goals and circumstances dictate that when I look at a property it has to have a high yield but also exposure to population growth, transport infrastructure,  investment in industry and commerce. 

I also have a family to support so I require yields that support my lifestyle. 

There always seems to be an argument between investing for yield opposed to capital growth but I believe you can have both over the long term for example parts of Western Sydney and SW Brisbane along with others. 

I'm now at the stage in my investing career where I need to push ahead and force yield and CG by using alternative strategies. 

Jack 

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June 23, 2013 - 8:41 am

Bandanna Energy – Springsure 

http://www.cqnews.com.au/news/bandanna-confident-it-has-addressed-local-concerns/1915347/

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June 23, 2013 - 7:31 am

Catalyst wrote:

Interesting. One post from Jordan. No answer. Now 1 post from Stephanie plugging another course (related to the first).

Coincidence??   Move on "real" investors.

lol just another spruiker applying tricks of the trade. Talking of 'spruikers'…..with the drop in interest rates and signs of some confidence coming back into some markets I've noticed the increased activity of many so called 'experts'….. 

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June 22, 2013 - 10:31 pm

Foglefar wrote:

Hi all. We are looking for recommendations for an accountant in north Brisbane. We have recently purchased an investment property in NZ (NZ accountant not yet appointed) and need help with the tax in both countries and also a second planned IP to be purchased with through a self managed super fund (which is also yet to be set up).

Cheers,

Richard

Just slightly off topic Richard….

Whereabouts in NZ did you end up purchasing? No Capital Gains tax has got to be good! 

I'm originally from the land of the long white cloud! 

Jack 

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June 22, 2013 - 10:29 pm

Qlds007 wrote:

Richard happy to refer you to my Accountant.

I think JT7 has already given him a plug in an earlier post.

Steve Hodgkinson – Gold Business Group Southport.

Expert on property structures and top bloke to boot.

Cheers

Yours in Finance

Yes Richard I would thoroughly recommend Steve.

Very approachable, knowledgeable and very quick to get back to you on points which is great. 

As Richard mentioned if you're investing in an asset class, like property, you need experts in the field on your side. 

Jack 

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June 21, 2013 - 5:29 am

Here's some information that pretty much covers what others have said.

http://propertyupdate.com.au/the-defence-rests-on-military-housing-investment/

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June 20, 2013 - 9:03 pm

Freckle wrote:

China's in trouble now.Overnight repo rate at 25% insane and their bond market is in trouble. AUD could take a hit if they don't get it sorted quick smart. I get the distinct impression the wheels are very close to falling off this baby.

LOL where's my shovel and silver bullion…..

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June 20, 2013 - 10:08 am

Just thought I'd give this thread a nudge…..

FYI I ordered some books and material recently through 'The Book Depository' and found the prices excellent and all my material was delivered from the UK intact including some audio CD's. 

Amongst the material was '7 Strategies for Wealth & Happiness'; 'My Philosophy for Successful Living'; and audio CD's 'The Art of Exceptional Living' all by Jim Rohn. 

I would thoroughly recommend these to anyone. Jim Rohn is a truely exceptional speaker and his ideologies are very easy to understand. 

Brilliant! 

Jack 

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June 19, 2013 - 9:19 am

Thanks for the link Freckle….

Yep the numbers are crazy mate and holds similar views to a lot of others out there. I agree mate the markets are BS….. the manipulation is staggering 

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June 19, 2013 - 8:51 am

Aviator77 wrote:

There is still a lot of hope for Moranbah! Have a read peoples! 

http://www.couriermail.com.au/business/big-red-hill-mining-project-set-to-create-3500-jobs/story-fnefl294-1226665890197

I wouldn't get too carried away until people and jobs are in place and coal is being pulled out of the ground. Some investors bought in right at the peak in Moranbah and got burnt badly……. 

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June 19, 2013 - 4:43 am

Interesting….

Can the Fed stop the QE without the US economy sinking back into deeper recession….? 

As you mentioned Freckle any stop to the QE would cause a dramatic retraction. The US economy just appears addicted to the massive flow of printed paper money without which it gets sick just like a junkie needing a hit of heroin. 

Is it all an illusion…

How long will it all last….and is the Fed being truthful or is it just prolonging the inevitable……….  

Gold, silver…..

Headache! 

Jack 

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June 16, 2013 - 9:51 pm

menia wrote:

Hi All,

I'm new to the forum and property investing. In the near future I would like to buy an investment property but am unsure what to start with? I'm reading up as much as I canto educate myself but am struggling to narrow down a location worth look at. I live in Wahroonga (Sydney) and would like to invest locally to make it easier for doing the research etc. at the same time I would prefer to start with a lower end of the market. One of the areas I was considering was Woy Woy due to its proximity to Sydney and Gosford Hospital.

Anyone out there who has invested I that area and would be willing to share their learnings?

At the same time any advice on how to find a better location?

Thanks

m

Hi Menia,

I agree with some of the comments posted in relation to cash flow. It is also vital you structure your finances and portfolio accordingly to allow you to continue purchasing. You need to learn the skills of dissecting a market and looking for those drivers that are going to encourage long term growth. Infrastructure along with population growth are important along with others such as commerce and commercial investment. 

There are some fantastic regional markets that provide great cashflow and opportunity for capital growth over the long term. Time in the market is important however, I am a believer in timing a market as well. Ipswich and parts of Logan in Queensland offer some exposure to these driver's I've mentioned. The corridor that runs from Ipswich out to Toowoomba offers some good opportunities. 

Most importantly you have to continue to educate yourself by reading everything you can get your hands on. Ask questions and begin dissecting markets. Become familiar with markets so you can look at a property and know the numbers immediately. It may be hard work at the start but like everything in life you have to pay the price to become something other than the ordinary. Everyone on this forum started where you are now and there are some very successful investors in this community. 

Good luck with it all and stick around and soak it up. 

Jack 

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June 16, 2013 - 9:26 am

JacM wrote:

Hi Steve

If I were you I'd snap up the offer to sit down and talk with Richard quick smart.  Very knowledgeable fellow, and can look at all the contributing factors to your circumstance and determine the path of least resistance towards your investing goals.

I second that!

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June 16, 2013 - 9:23 am

I wouldn't have any issues with paying for quality and using the best! 

Jack 

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June 15, 2013 - 10:51 pm

rhino101 wrote:

I live in Gladstone, having moved here a bit over a year ago. We bought a house at the time and indicators then were that a massive boom in house prices and rents had just peaked and was starting to ease back. As mentioned above by other posters, there had been a major shortage of housing for some time and the old supply/ demand laws were very evident in the high prices and rents.

Over the last year there has been a massive amount of construction going on. I don't think i have ever lived in a place where there are so many housing estates and unit blocks going up at once. Seems like everywhere you look there is another housing estate being built. A year ago, when we moved here everything was selling and renting really quickly, but now you see a lot more empty houses than there used to be and there are a lot more places available for rent.  The fact that there are even more housing estates still under construction, combined withthe fact that more workers are going to be moved to the camps on their completion indicates to me that the supply/demand scale is going to lean more heavily towards an oversupply fairly soon = reduction in prices/rents and higher vacancy rates.

From talking to long term locals it would seem the ideal time to buy would have been 2-3 years ago. There is no denying that there is a massive and diverse industry base here that is far from reliant on any one particular industry and that should underpin a strong base for many years to come, however there are probably beter options around the country at the moment.

Hi Dean,

I would take some time, slow down and take note of Rhino's post. IMHO it is accurate. Gladstone is a fantastic market to have been in but the time was 2-3 years ago. Like most markets that have stellar CG for a couple of years it has pulled back significantly and there is a glut of rental stock on the market. I have property in a town that is influenced by the mining industry and sometimes it can be a roller coaster ride. Gladstone is diversified and is a robust market but is still heavily reliant on the industry.

Be extremely careful who you take advise from and make sure that the source you get your information from has your interests foremost!

Take a read of Rhino's post again. I think its a very accurate reflection of the market in Gladstone.

Cheers mate,

Jack