lol ok I should have said pussy CAT in the topic heading [}][}][}]

Im bad……..LOL

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327.5 !!!!!!!!!!

I see Im not the only one addicted to penguin whacking!! hahahahahaha

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>>The first objective was to keep underlying inflation to an average of 2 to 3 percent over the course of the cycle.<<

Kay, one doesn’t achieve a change in the underlying inflation by merely fiddling with the figures.

It doesn’t sound as if you know what I am referring to.

Pisces133

Give us one good reason Chandollars, why SIS and PropertyGuru should cut you in on the information.

Remember Coomera ? You never told us that was a good place to buy property when you bought a couple for about $ 60 K each, immediately after which they shot up to about $ 220 K each.

What is the saying again ? What comes around goes around…[Read more]

>>The RBA always has a target of 2-3% Annual rise to be seen as managing a non-inflationary economy.<<

Always ?

A number of years ago the powers that be decided to change the make up of the CPI factors and manipulated it blatantly in such a manner that would have left the crook NAB currency dealers for dead.

I cannot for the life of me remember…[Read more]

>>interested in hearing from the oldtimers who experienced 15%+ interest rates… how did they hold on? <<

With great difficulty.

Fortunately the properties were returning 15 or 16% and the interest rates at 16% were just covered witha little bit left over to live.

There is no guarantee that the same interest rate regiment cannot happen again…[Read more]

>>and was still able to pick up 300,000 of equity<<

I assume that is net equity i.e. over and above your renovation expenses ?

Anyway Nailwog, if you’ve ‘done’ five properties it looks as if you may have to share some of your experiences ?

Pisces133

Before starting to call on real estate agents to look for properties would it be better to look first at some statistics like population, income, vacancy facors, employment details in a particular area or town ?

What do you think Sambo ?

Pisces133

We may be bantering around but how to protect oneself is a serious question for all of us.

In the past I have been committed to the hilt meaning that I depended on the income from rentals this month to pay for the interest the same month.

That is I had no spare money to tie myself over for even one month.

And that wasn’t even in a serious…[Read more]

A low Doc ? One also needs to have had an ABN for some time (two years for some lenders though the broker can play around with that)!!

So perhaps a good idea to apply now in anticipation ?

Pisces133

There are times when one just cannot borrow money and so no refinance possible.

If thing are very very bad, hope that it will shortly become very very very bad so that the government may decide to call for a moratorium ?

Or having some of one’s money either in the share amrket or perhaps govt bonds ?

Then again who has money to spare for that…[Read more]

>>i guess what we are looking for is a good strategy to help us hold on when the market falls. <<

Some prozac perhaps ?

Pisces133

Yes, a drive through.

The people I know have a templet which they use to assess whether a particular site is or is not worthwhile.

From what I have seen, the right site can be a gold mine.

If one is concerned about wasting water , a carwash recycles the water and also there is not the same rate of sending rubbish down the system nor the…[Read more]

If one is worried at anyone time, sell down till you reach the sleeping time level.

Ways to protect oneself ?

Perhaps the solution may lie in getting a line of credit, drawing the money and thence use the money
to put into an offset account.

Make sure that the bank cannot offset the money in your account against the outstanding loan.

In time…[Read more]

310.5 is my best…….but Ive bashed a few heads in getting it LOL

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>>I think I’ve looked at this post up to ten times!<<

What ? Just sitting on the fence seeing who gets a bloodied nose ?

Why not jump into the melee. it is only a paper fight. No-one gets physically hurt.

Pisces

Come on Kay, only 285 hits to make the 4,000 mark.

Between the two of us I think we can keep the masses interested enough to keep hitting the thread to look how our latest tussle is developing. [:X]

Pisces133

Mick, the way to go about this (you are talking about a passive income aren’t you ?) is to find a suitable site, tie it up by way of option or conditional contract, approach one of the operators and see whether they are interested in renting the site.

To properly install the right kind of equipment you probably would be looking at between $ 700…[Read more]

I fully agree that syndicates can well serve one’s needs.

The kind of deals that come to us via advertisements offering 15 to 30% return could be dangerous to one’s health if one’s money is used as a deposit to enable the builder to raise a 80% loan.

In other words your money will be used as the risk money, also sometimes named mezzanine…[Read more]

Price ?

Del is actually prepared to pay you money to take it off his hands. (Sorry, that was a joke in bad taste)

Pisces