Hi Mini,

It would take an extremely remarkable unemployed person with no savings and no equity to become a property millionaire I would have thought…

There does seem to be a mindset with some of the posts (certainly not yours, because I know what you’re trying to achieve) that their road to riches is going to happen overnight and if they don’t…[Read more]

Hi rangersixth,

I wouldn’t try and second guess interest rates or the market, in terms of if, buts or maybes. I would do my homework in regards to knowing your own sleep at night factor, re: what you can afford, how much level of risk you can live with, what you want out of it… Do your own research and don’t take anything anyone else says for…[Read more]

Howdy,

I’m 29, charmingly articulate, dashingly handsome (think a combination of Brad Pitt and Colin Farrell) and some say my physique has parallels with a certain Mr Schwarzenegger… I’m also a pathological liar.

I bought first PPOR at 25, first IP at 26, now have 5 and a half IPs plus my PPOR… could keep buying now, but now that I have a…[Read more]

westan,

are you implying the two shows COPY each other sometimes? goodness gracious me…

yes they are both shockers sometimes… but for some reason the ratings are ok for both, so go figure! []

Cheers
r

Hi,

I’m probably biased because I work at 9, but (and I know Steve appeared on it) I can’t stand Today Tonight… stories on killer corn flakes and what detergents will get my clothes whitest… miracle weight loss etc etc… this is not current affairs. I’m not saying it needs to be like the ABC or SBS, but most of it is garbage, and when they…[Read more]

Hi Mel…

I agree it’s not all about money… I think it’s possible to be careful with the folding stuff, while not being too much of a tightwad. I did a bit of o/s travelling myself, and I wouldn’t trade any of it for anything. There has to be some balance… denying yourself too much causes needless stress I reckon, but it’s different strokes…[Read more]

Hi aussie rogue,

9 is not paying me anywhere near what a lot of people might think… preconceptions are a funny thing!!

I know 100k packages are not unusual, but to me, 100k is still a pretty handy amount to be earning… average family earning 70k sounds about right from stats I’ve read.

I think any amount around and above 75k per year…[Read more]

Howdy Clownsta,

As a lady named Hanson once said, “please explain”… need more details, location (city at least), price, likely rent, “rental guarantees” etc etc

Cheers
r

Being a Melburnian, I think the main issue is that the rental demand is not there… there’s a lot of apartments sitting around vacant. I have a mate at work who is looking for an apartment to live right now, and he is amazed at how many places are available for lease.

cheers
r

That’s a yield of 7.97% (if bought at 120k)… not bad I would have thought, but what about extra costs like body corp etc, is there any of those? they eat into your yield pretty quick.

cheers
r

you factor in things like solicitors fees, stamp duty etc when you’re working out your cash on cash return… if you do a search for “cash on cash” or something like that you’ll find posts where greater minds than mine (like Michael and Kaye) have contributed…

also, it might help to give us the purchase price, along with the likely rent, so we…[Read more]

Howdy Mensch,

My only contribution to this is that I don’t get into chest thumping about net worth… maybe it’s because it’s nowhere near what I eventually would like it to be… but it’s getting there!

Cheers
r

Hi Maggie,

I’m not meaning to sound rude, but how do you know the rental return is good if you’re not sure of the definition of “yield”? The 11 second solution basically works out whether the property will give a 10.4% yield, ie cost 50k, rent 100k, annual rent = 5200k/puchase cost of 50000k = 10.4%…

I wouldn’t be in a rush to invest until…[Read more]

Hi Des and Sue,

Can you please tell me the exact reasons why you will be purchasing from the internet? It might help me give you some answers.

Cheers
r

Alf,

Westan has been quite open about where he is moving his money to… it’s no big secret if anyone wants to go back through the threads they’ll find it in 5 minutes.

Cehers
r

Howdy Cremin,

How many do you think will be left by the time you get home if you keep pumping it up as a good spot to get them?

Cheers
r

Hi Doogs,

We often get good highlights off the stump cam for our news packages, ie if Brett Lee clean bowls someone and skittles the stumps…

cheers
r

Ahhh Disco Stu,

Thanks for the reminder… only one more weekend of pain to go, then it’s all optimism (maybe) for next year… At least they’ve got some motivation for this week v Hawthorn in regards to Captain Blood’s passing… I went to his funeral on Wednesday for work… the players didn’t even hang around for the wake/function back at the…[Read more]

Hi Dennis,

I guess Amit and I sort of got a “conversation” going… that’s all…

Cheers
r

Hi Marty,

Well, I’m not as smart as AD and I’m not as cool as Sooshie… but I’ll do my best… everyone, um, just be nice, um, okay?

Cheers
r