Baloo,

I too thought it interesting a question for a Moderator to ask. I mean, we’re not talking 10.4% here- we’re only talking 8%- a yield which many people on this Forum could find with their eyes closed.

I did in fact answer the question posed- I answered that, yes, they are all over the place. I guess I felt the answer was so obvious, that I…[Read more]

Yorker,

I’m not sure that it’s just building relatoinships with one’s banker, that leads to unlimited borrowing. We’d probably all sleep with them if that were the case :o))) My bank has strict lending criteria. I think learning a few tricks (such as in Stuart’s article) is probably a better bet than the carnal route to unlimited wealth. [blush2]…[Read more]

Monopoly,

I am wondering how many responses to this thread you will have to receive before you consider that 8% yields are not so much a “rarity”.

You said:

“However, these properties IMO are rarities, and when making such a claim, it is worthwhile (especially for the sake of “newbies”) to emphasise that although they are out there, they are…[Read more]

jdylan,

There are some investors in Sydney who meet up- Still In School, JetDollars, and some other folks. Perhaps you could message one of them to find out details of their next meeting time. There are also some regular somersoft sydney members who meet up. You could check somersoft.com to see when their next meeting time is.

kay henry

Sebastian,

I am not convinced that having “too many” credit inquiries on your record will affect your borrowing capacity or LMI eligibility. I checked my credit record last week, and was told by my Bank Manager that the lenders (including LMI lenders) only have a problem if there are problems with credit- not if you have applied for it. I think…[Read more]

Monopoly,

I am sure probably 80% of people on this board are achieving 8% yields on their properties. It is a positive gearing forum, after all. Half the posts on this board are discussing yields, and 8% really isn’t anything to write home about. On Somersoft, as mAny of them are negative gearers in a big way, the yields might be a bit less. But…[Read more]

Tinman,

I believe it was Stuart Wemyss (a moderator on this Forum) who wrote an article on unlimited finance in a previous edition of Australian Property Investor. Perhaps you can private message him and ask him what edition the article was in, and then buy a back copy of it. It was a good article, too :o)

kay henry

Tikki,

I think I have a different view on what is “desirable” than others might have. Checking out industry/employment is important to me.. but I would rather buy in a place that has a University campus, than a pig farm or mine. I used to live in outback Australia, and there were black cockatoos with red tails in my back yard every morning, and…[Read more]

mikeej,

I see lotd of ads in realestate.com.au where it says “old owner wants to stay for 12 months” or something similar. Landlords want tenants- or our IP means nothing investment-wise, and landlords also want good tenants, so the old owner would be ideal. I reckon it would be easy to do a deal with a new vendor. Maybe you could pay a little…[Read more]

jspri,

It’s a pity Kiyosaki’s book gives people such an anti-work ethic- there’s a lot to be said for working. I don’t see it as a “rat race”- if you’re at University, chances are you’ll end up your own boss anyway, doing autonomous work, so don’t give up on the world of work yet :o)) Some people even *enjoy* their work- go figure!

It’s like…[Read more]

Patrick,

When Steve wrote his book, he was able to buy suburban properties that were cashflow+. This is generally not the case now. Think of it like cars… when Steve wrote the book, he was able to buy oldish commodores, lasers and mazda 626’s- and able to profit from them. Now the equivalent would be purchasing datsun 120Y’s and escorts… The…[Read more]

Damian,

Hopefully your job was permanent, and that you can get a redundancy payout- those $$$$k’s will assist in you getting an IP. The problem, if you are no longer employed, is that your serviceability will be affected. If you get a job next week, as you hope, you will have a new job, and your payout- what could be better :o)) Check with your…[Read more]

thanks crj :o)

yes, it’s hard to find out what is real and what isn’t on the net.The info info I wrote on this post are taken from various sites on the net. When they are Council Plans or from mining conpany, I usually consider them acurate.

kay henry

brisbanescouting,

You asked the same question a number of times over a year ago. Many forum members responded to you. Perhaps you could look over those posts and review the answers you were given at that time. I think the answers given to you then would have assisted you in your research about the Brisbane market.

kay henry

BH has 6 years worth of mining left in it and pasminco, the last mine left, will close down in 2006 (some sites say 15 years left work of mining. Elsewhere, I have read 6 years left). The population is between 21,000 and 24,000 (different sites have different figures). About 800 people work in the mine, so that will possibly be 800 people out of…[Read more]

daltoid,

This article provides some info on fibro and asbestos.

http://www.whs.qld.gov.au/safetylink/hazards/hsub04v2.pdf

kay henry

If I was not working, I would consider myself unemployed, no matter how much money I had. I agree with aussierogue about the stresses work can cause, and I am sure no workplace is perfect.

Some of the richest people in Australia work- eg Lowy brothers, the Packers, etc etc etc. I know Steve McKnight works too- and he works hard- he just does…[Read more]

It has been my experience that people who want financial freedom, are generally those who hate their job. I see that my job leads to financial freedom, plus utilises my skills and abilities, and all that I’ve studied has come to fruition with my current employment.

I think life is about many things, and I see the ability to work in stable…[Read more]

daltoid,

Whether you use 36k cash, or 36k equity… it is still *your* money you’re using. Cash is king. I’d cross-collaterise. I think if we are purchasing thinking we are going to lose everything, and our PPOR will disappear… then we’re going into transactions with the wrong psychology.

I know others suggest to never risk one’s PPOR, but to…[Read more]

Moderators got offered a free ticket to the Seminar, yack. I am unable to go (although Steve, I appreciate the offer- thank you). So yack, you can assume that Moderators go for free.

kay henry