[PursefattenerMember@pursefattenerJoin Date: 2004Post Count: 217]

July 9, 2012 - 9:17 am

I have invested in a fair bit of farm land over the years and although it has been a good investment I have done better with other investments .

Values for good dairy farms in my area have dropped a good 30percent since 2008 .

Last month I settled on another farm with a per acre price of 3600 . Three years ago this could have realistically sold at around 5500-6000 per acre ! The strong dollar is hurting agriculture a lot at the moment but of course this will not always be the case….

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June 22, 2008 - 4:05 am

Yeah . Who took my money is a great read . I've read it a couple of times . It came out in 2002 I think but is still very relevant IMHO . Any one read his latest book ? Raise your financial IQ or something ?? A lot of my books I have bought second hand on e bay for a fraction of retail price . Also shop at second hand bookshops and sometimes get books very near new …

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November 19, 2007 - 10:27 am

Well said Hux .

Nigel or whoever you are , you didn't need to write that . When I first joined the forum years ago Weston was very active and helped a lot of people .

Why should anyone do business through you if you are prepared to ………….forget it .

A waste of time .

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November 17, 2007 - 1:50 am

Hi Nigel

What has happened to Weston ?

Is he still active in the market over there ?
 
I used to enjoy his contributions to the forum .

Shawn

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October 3, 2007 - 11:25 am

Sadly , not Weston 

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September 18, 2007 - 3:27 am

Welcome back Sooshie . You are well remembered………..The old names are all but gone eh ? I often wonder what happened to Weston . He used to write some good posts .

Shawn

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September 18, 2007 - 3:17 am

Hello Andy

I've been investing in regional Victoria for quite a few years . I have only invested in the towns within my own region just because I find it convenient since I am tied down so much with my business , family commitments etc .

Towns I have property investments in are Warrnambool , Camperdown and Mortlake as well as farmland in the area . Warrnambool in particular is growing quite steadily and the rental market is fairly tight . Origin energy are planning a gas fired power station near Mortlake which will no doubt help the general area .

Perhaps Wonthaggi might be worth a look over in Gippsland as the Desalination plant will have an effect . I have never been there…..

I like the prospects for  Mortlake within my own area .  Hope that helps

Shawn

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September 11, 2007 - 12:42 am

Sharif , it took about a year , but …. we were coming out of the recession that we had to have . This was 1991 . Back when the earth was cooling !

I have friends and colleague's who have bought lots of 200 -300 acres a few years back and just leased them to farmers on a blog standard 3 by 3 sort of lease . In some of these cases the leasees have substantially improved these acreages with tracking , dams , fencing , troughs etc and now the owners are sitting pretty . Most dairy or grazing land in my area has doubled or more in the last few years . They aren't making any more of it .

Check out Top Croppers comments over on Somersoft…..he comments on this sort of stuff all the time..

Shawn

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September 10, 2007 - 10:03 am

Hi Sharif

I don't know much about Tassie but I have seen large areas of Western Vic near where i live go into trees in recent times . A lot of it has gone in is basically macquarie bank owned by subsidiary companies . They sell the units off  to willing investors and make a killing in the process  .

I own two dairy farms and have never invested in anything specifically around forestry . A 60 acre block could be a good investment . I once doubled my capital on a 55 acre block about 20 years ago . It all depends on you really…..

Shawn

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April 20, 2007 - 11:46 am

I have noticed that the quality of posts is not what it was a couple of years ago…..Where have some of the old regulars gone ?

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April 20, 2007 - 11:38 am

The trouble with putting the rent up for older tenants ie pensioners is that they may not be able to pay the increase . I have looked at units in a town nearby where the good steady long term tenant on the pension with no other income just could not afford a rental increase .  I don't see this senario producing a positive cashflow outcome….How old are your tenants ?

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April 14, 2007 - 11:26 pm

Some areas i have looked at such as parts of Rotorua and wanganui in NZ property managers don't want to know about .

Also in the US according to Westan there are large areas that property managers wouldn't go even with an armed escort !

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April 14, 2007 - 11:19 pm

Yes I know what you mean . We have a local agent who has had his own home listed and advertised most every week for the last ten years there abouts . He keeps coming up with different blurbs to run with it . It makes me wonder how he keeps coming up with them . How some people can write so much BS for so long astounds me .

Last night i watched 'Some Mothers Do Have Em ' on the comedy classics with Frank Spencer . This agent would fit right in with Frank………..

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April 10, 2007 - 11:39 am

Yeah It's a bit different isn't it ?

I'd Suggest going to a bookshop and buying  "How investing in Commercial Property Really Works" . Read it a couple of times and see if it's for you….

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April 10, 2007 - 11:29 am

yeah that's right .  There are different things to be aware of . If you were serious about it then go to a bookshop and buy  'How Investing in Cmmercial Property Really Works" . Read it a couple of times and see if it's for you ….

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April 10, 2007 - 9:43 am

Hi again Marc

Yep I have read some of his books .

Love the way he names names with out hesitating ….no fear…. Just gives it to you like it is .

I don't much like Jenman though . I reckon he has his hands on it !

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April 10, 2007 - 9:31 am

Hi Jamie

Why are you looking at apartments in Auckland ?

I have an Uncle who owns three realestate agencys there , one in Titirangi and two in nearby suburbs and they are selling apartments from time to time . They invest in plenty of property but not apartments FWIW

With the capital that you have why don't you look at a commercial property ? Should be able to get something with a better yeild than 7.5% I'd reckon ……with less headaches…….

My thoughts 

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April 10, 2007 - 2:38 am

Hi Nats

I've had issues with something similar before . It  was a widening of a driveway entrance to an industrial block  and some small trees were removed to allow this . To offset this I was required to put in shelter belts along my boundary . Seemed a fair compromise to me .

Is it possible for you to do something similar ?

One thing is for sure you won't get far fighting with these people . Try to talk to the person that has it in for you and see what could be done perhaps ?

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April 10, 2007 - 2:04 am

What's wrong with starting your own superfund though Xenia ? Where you invest your own money in your own asset classes making your own money and making your own mistakes ??

I don't work in a job either . But now that I,m 40 I,m more and more concerned about asset protection is case I get sued or something goes wrong with my business . At present I have assets in two different discretionary trusts , A private company , my own name , My wifes name , a partnership between me and the wife and a separate partnership in NZ . I don't have any super as such at present but when I sell my business up I will be getting some legal advice . What do you reckon ?

Please don't tell me to see a financial advisor…………

Marc

I guess this is why RK sees so much potential for what he is doing . I take my hat off to him . He is a remarkable man .I've read most of his books and enjoyed them all . Especially "Who took my money" . I've bought most of them from second hand bookshops 

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April 9, 2007 - 11:07 pm

Sounds tough being a worker in california Marc . No sick pay two weeks holiday , no unfair dismissal . No wonder aus is called the lucky country eh ? I read there is a much bigger gap in the US between the rich and the poor with a huge underclass…. Diminishing middle class . Interesting a few months back Westan popped his head in saying the average American is not as financially literate as the average Aussie . What do you reckon ?

There is nothing less worthy of honour than an old person who has worked all their life and has nothing to show for it at the end .

Sad really .

It gets back to education I