PropertyInvesting.com | thefirstbruce | Activity https://www.propertyinvesting.com/members/thefirstbruce/activity/ Activity feed for thefirstbruce. Sun, 12 Apr 2026 05:39:26 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 352f717c06138f47cc98e38f5783ab68 thefirstbruce replied to the topic Brisbane Suburbs in the forum General Property https://www.propertyinvesting.com/topic/4385064-brisbane-suburbs-2/#post-4545346 Thu, 20 Apr 2006 23:00:32 +0000 If your only needs are public schools and public transport, then get a map out and trace the train lines (queensland rail) and bus routes (brisbane city council) out 10 km.

You could also ask your employer and new fellow staff for their recommendations… presumably you want somewhere convenient to work.

If you want a bigger yard, use the sq…[Read more]

]]> 9a11c530dcdf5f87f7909647eef85613 thefirstbruce replied to the topic Lesson learnt in my purchase in Hervey Bay in the forum General Property https://www.propertyinvesting.com/topic/4381803-lesson-learnt-in-my-purchase-in-hervey-bay/page/2/#post-4527035 Sat, 08 Oct 2005 03:06:14 +0000 I worked at HB hospital a few years ago, and am familiar with the demographics and economy.

Like any other town, an investor should take their due diligence seriously. If they haven’t, they really need to ask themselves on what grounds they made the decision to buy.

Here’s some reasons I have never considered buying investment property in HB.

-…[Read more]

]]> 433f6ca3dec98211bab4dccc09aa6335 thefirstbruce replied to the topic Found four undervalued properties in 2 days in the forum General Property https://www.propertyinvesting.com/topic/4381995-found-four-undervalued-properties-in-2-days/#post-4528269 Fri, 16 Sep 2005 08:18:52 +0000 Hi Daniel

Hmmmmmm….can you expand on why you think yields don’t indicate price realistically….From what you are saying so far, your logic seems to be that the definitive resource is the UCV, as that is what is taken seriously by valuers.

You also seem to be saying that asking prices are a reasonable guide of value.

Can I caution you to…[Read more]

]]> b378283047ea2ae42546a7880d10ec90 thefirstbruce replied to the topic Found four undervalued properties in 2 days in the forum General Property https://www.propertyinvesting.com/topic/4381995-found-four-undervalued-properties-in-2-days/#post-4528267 Fri, 09 Sep 2005 00:29:12 +0000 Hi Captain,

Re Banyo, that’s a suburb I know very well. IMHO, today’s asking prices are equivalent or a little softer than November 2003. Which means values have fallen around 5% in real terms in less than 2 years. i.e. this…[Read more]

]]> d6fd58009869e11d1120b7a9b64dc90d thefirstbruce replied to the topic IP Spreadsheet that graphs IRR, NPV, and cash flow in the forum General Property https://www.propertyinvesting.com/topic/4381979-ip-spreadsheet-that-graphs-irr-npv-and-cash-flow/#post-4528203 Mon, 05 Sep 2005 13:52:49 +0000 Thanks, this is the latest GUI.
Have ironed out some more bugs, and checked the accuracy of some calculations, such as NPV and IRR.
http://www.tekserv.com.au/bruce/IP1.gif

Bruce
Mooloolaba, Qld

]]> 026ae6f290ae04f5c086cbd1eaa5605f thefirstbruce replied to the topic IP Spreadsheet that graphs IRR, NPV, and cash flow in the forum General Property https://www.propertyinvesting.com/topic/4381979-ip-spreadsheet-that-graphs-irr-npv-and-cash-flow/#post-4528201 Sat, 03 Sep 2005 22:52:48 +0000 I have now updated the spreadsheet’s simulator.

It looks like this:
http://www.tekserv.com.au/bruce/IP.gif

Bruce
Mooloolaba, Qld

]]> e4e0ed3e4cc129e4f2fbce5e87639784 thefirstbruce replied to the topic IP Spreadsheet that graphs IRR, NPV, and cash flow in the forum General Property https://www.propertyinvesting.com/topic/4381979-ip-spreadsheet-that-graphs-irr-npv-and-cash-flow/#post-4528200 Thu, 01 Sep 2005 13:21:00 +0000 P.S.

http://www.tekserv.com.au/bruce/Graph.gif
this is what the graphs should look like if they aren’t rendering properly on your version of Excel.

Bruce
Mooloolaba, Qld

]]> 77268cf8955b8cadcf0c8f320c626da9 thefirstbruce replied to the topic IP Spreadsheet that graphs IRR, NPV, and cash flow in the forum General Property https://www.propertyinvesting.com/topic/4381979-ip-spreadsheet-that-graphs-irr-npv-and-cash-flow/#post-4528199 Thu, 01 Sep 2005 13:07:13 +0000 Thx Gross.

Any input appreciated.
I am still editing for errors. Though I don’t expect to find too many more. Tonight I revised calculation of NPV. And have cross checked and it seems to be right now.

Some of the stamp duty values are out of date for some of the states. NSW and Qld are ok though.

There’s a few accounting issues I could do with…[Read more]

]]> 9e4ecdcda5822a19929c1c94c2b38069 thefirstbruce replied to the topic anyone watch this last night? in the forum General Property https://www.propertyinvesting.com/topic/4373987-anyone-watch-this-last-night/page/3/#post-4475675 Thu, 27 May 2004 03:14:25 +0000 Richmond, it is blatantly sexist to pretend there aren’t sex differences with this topic, or within the ABC’s sloppy use of stereotypes.

We all know the ABC use the argument that they are justified in being pro left and pro ‘anti private sector special interest groups’, because the commercial media are the other way. This is why they are so vocal…[Read more]

]]> 9ca4127e7a6acfb5d20a762984693b48 thefirstbruce replied to the topic anyone watch this last night? in the forum General Property https://www.propertyinvesting.com/topic/4373987-anyone-watch-this-last-night/page/3/#post-4475672 Thu, 27 May 2004 01:13:52 +0000 Originally posted by kay henry:

What is funny, Bruce? I don’t get your point… or is that funny too?

kay henry

Kay, It’s funny because the ABC pride themselves on being the most politically correct unbiased organization in Australia. This is despite there being no one on Radio National whose right wing views are as extreme as Philip Adams’…[Read more]

]]> 1f1ca67d7bb8acbc818da50b73681757 thefirstbruce replied to the topic anyone watch this last night? in the forum General Property https://www.propertyinvesting.com/topic/4373987-anyone-watch-this-last-night/page/2/#post-4475652 Wed, 26 May 2004 01:48:26 +0000 was that the program they interviewed the overweight blonde who divorced, set up her ow business (recruitment agency), couldn’t curb her consumption habits (cafe lattes, clothes, OS trips, horses for the kids), then went bankrupt? Then she blamed the credit cards. She wrote a letter to the bank asking them to stop her from spending on the credit…[Read more]

]]> 95a42625388a70cedf0f0989ef3e0418 thefirstbruce replied to the topic Don't Wait For Opportunity in the forum No Subject https://www.propertyinvesting.com/topic/4373708-dont-wait-for-opportunity/#post-4473694 Mon, 17 May 2004 11:54:53 +0000 I’ll have to get Dolf’s book out again. Off the top of my head, I remember the first of his 101 tips were adding a carport if there was no under cover storage, and turning an existing carport into a garage.

Bruce
Mooloolaba, Qld

]]> 207fa27aa96686653d95e79eb6ddef0d thefirstbruce replied to the topic Truly a beginner question in the forum General Property https://www.propertyinvesting.com/topic/4373202-truly-a-beginner-question/#post-4469558 Thu, 13 May 2004 01:47:49 +0000 Acey, have you checked out renting a house from your own trust rigorously with your acct? Seems like something the ATO wouldn’t look favourably on. How long have you been doing that for?

Bruce
Mooloolaba, Qld

]]> a4ca36abdc85270119ab9d4ffefe34a1 thefirstbruce replied to the topic Do you have written goals? in the forum General Property https://www.propertyinvesting.com/topic/4373325-do-you-have-written-goals/page/2/#post-4470716 Tue, 04 May 2004 04:43:09 +0000 Acey, I meant to say nice strategy with your kids at the supermarket. Giving them that goal would certainly preoccupy their minds as they wheeled past the coke cookies and confectionary.
And I also try to stick to fruit and vege and avoid processed foods myself.

I think childrens’ minds probably provide a more powerful analogy of the value of…[Read more]

]]> 4d0e3eed9a205451e2519a0424561967 thefirstbruce replied to the topic Do you have written goals? in the forum No Subject https://www.propertyinvesting.com/topic/4373325-do-you-have-written-goals/page/2/#post-4470709 Mon, 03 May 2004 05:54:07 +0000 Kay, from other comments you have made on the forum, I accept that our politics and lifestyles are different. I don’t accept that I have a superior view on all and sundry, hence why I am open to let others live lives based on well considered principles or morals different to my own.

I wish there was just more open intelligent debate about these…[Read more]

]]> f198642627c24279d60b186ccf3ca89a thefirstbruce replied to the topic Do you have written goals? in the forum General Property https://www.propertyinvesting.com/topic/4373325-do-you-have-written-goals/page/2/#post-4470705 Mon, 03 May 2004 00:40:31 +0000 Thanks Sibo,

I agree with you on the culture thing too. I often ask myself about the saying “to stand for everything is to stand for nothing”. I like to walk a middle ground between being tolerant, but aware of the benefits of a well considered morality. To me, there are many loud voices pushing open slather, extreme lefties often condemn…[Read more]

]]> 54cd14426385a25cf4ef16b677f8ad06 thefirstbruce replied to the topic Do you have written goals? in the forum General Property https://www.propertyinvesting.com/topic/4373325-do-you-have-written-goals/page/2/#post-4470703 Sun, 02 May 2004 22:40:42 +0000 Acey, interesting topic. I used to work in advertising. And became very aware of no matter who we are, we are either being influenced by the world outside our minds, or our own constructs and desires. So often I have well educated ppl argue against the power of advertising to influence them. I just tell them to go and open their fridge or pantry…[Read more]

]]> 86d1d335bb13cb53276b3d0b4230ed07 thefirstbruce replied to the topic Which is best...equity or cash??? in the forum Which is best...equity or cash??? https://www.propertyinvesting.com/topic/4373026-which-is-best-equity-or-cash/page/2/#post-4468453 Thu, 22 Apr 2004 12:07:15 +0000 There’s an old saying”
“equity is the most expensive form of capital”.

Applying this here means Fish is better borrowing against the land and using debt to finance new ventures; rather then selling equity to finance new ventures.

Nevertheless, all old sayings aren’t applicable all the time, esp after considering recent tax changes.

Personally,…[Read more]

]]> c2f21dcb75a602600cc12c70540a167c thefirstbruce replied to the topic What do you think of semi-detached houses? in the forum General Property https://www.propertyinvesting.com/topic/4372966-what-do-you-think-of-semi-detached-houses/#post-4468089 Sat, 17 Apr 2004 06:23:21 +0000 sounds good to me.
if the yield is a lot better than a house, I’d seriously consider it. Sometimes you find the general investor drives house prices up to an unreasonable differential with townhouses, because they shy away from the latter.

Bruce
Mooloolaba, Qld

]]> d587e37ec7c0566117bb7c6f2ddb2565 thefirstbruce replied to the topic What First? My first home? Or my first IP? in the forum General Property https://www.propertyinvesting.com/topic/4372848-what-first-my-first-home-or-my-first-ip/#post-4467263 Wed, 14 Apr 2004 02:09:34 +0000 thanks Simon.

Elspeth, I would also add that I don’t expect capital growth will be that strong in the next 5 years.

I also assumed being 19, your IP tax deductions may not be that solid, based on you not having a gigantic income.

Remember, the interest you pay out on an IP has to be recompensed via CG.

You might want to run a spreadsheet with…[Read more]

]]> 06faedabb7e27cb8a4bdeed661ad66b8 thefirstbruce replied to the topic What First? My first home? Or my first IP? in the forum General Property https://www.propertyinvesting.com/topic/4372848-what-first-my-first-home-or-my-first-ip/#post-4467260 Tue, 13 Apr 2004 12:07:02 +0000 think about this:

if you buy a home for yourself, get something you can stick a 2 bedroomed granny flat under or out the back of, and rent that out to a couple of quiet people (only works if you are in an area where renters want to live). pros-
-someone to help with gardening, mowing lawn.
-added security if the tenants are decent.
-added value…[Read more]

]]> beb55066388174359ff1cdc84113998e thefirstbruce replied to the topic What Have You Learned in the Last 24 Hours? in the forum General Property https://www.propertyinvesting.com/topic/4372784-what-have-you-learned-in-the-last-24-hours/#post-4466862 Mon, 12 Apr 2004 12:53:35 +0000 I rediscovered the joy of not touching a computer for 4 days, and getting back into the bush. Walked morn and afternoon through native scrub, spotted over 20 different types of bird, one echidna, and only one snake, which was under the wheelie bin when I moved it when leaving the bush house this morning. Also learnt that bush pigs are ok to eat…[Read more]

]]> f423fcd13bbb4d03f22ac6e3390169ce thefirstbruce replied to the topic Bye Bye NSW Property Market (long) in the forum General Property https://www.propertyinvesting.com/topic/4372656-bye-bye-nsw-property-market-long/page/2/#post-4466127 Wed, 07 Apr 2004 01:49:51 +0000 OK I’ll play a silly game.
Has anyone looked beyond self interest to consider why the Carr govt did this?

The extra tax will pay the salary increase of nurses and teachers, fund public transport infrastructure upgrades, and prevent the govt from growing a larger deficit.

Secondly, the tax changes will take investor speculative heat out of the…[Read more]

]]> 852abe6e6f43f715f7df64f67bb29427 thefirstbruce replied to the topic Brad Sugars on ABC in the forum General Property https://www.propertyinvesting.com/topic/4372474-brad-sugars-on-abc/#post-4464656 Wed, 31 Mar 2004 05:51:13 +0000 I had mixed feelings about Brad Sugars.
I know the power of group behaviour as he outlined…getting like mindeds with intent together can be really powerful.

However, I wonder how Brad derives the $8000 value of the week.

At the end of the day, making money is a simple concept. You find a way to supply demands at a price that allows you to make…[Read more]

]]> d85a0c4837c027d2cc6f262345575a90 thefirstbruce replied to the topic Tenant will not move out in the forum General Property https://www.propertyinvesting.com/topic/4371881-tenant-will-not-move-out/#post-4459557 Tue, 09 Mar 2004 14:10:00 +0000 what state do you live in?

Bruce
Mooloolaba, Qld

]]> 2f9eca6cc324f5c5cb58738c408847d2 thefirstbruce replied to the topic "The Economist" says market to tank! in the forum General Property https://www.propertyinvesting.com/topic/4371794-the-economist-says-market-to-tank/#post-4458929 Sun, 07 Mar 2004 08:39:02 +0000 Prechter’s book was one I picked up in Mary Ryan’s last week, and couldn’t put down for 15 mins. I recall he recommends gold and bonds or treasury notes within stable democracies if things go awry. Swiss cantonal bonds were one of the favs.

Bruce
Mooloolaba, Qld

]]> 511977aa1baaf2ffd99be87c9092ddb7 thefirstbruce replied to the topic "The Economist" says market to tank! in the forum General Property https://www.propertyinvesting.com/topic/4371794-the-economist-says-market-to-tank/#post-4458916 Sat, 06 Mar 2004 14:56:37 +0000 I have been reading macro economic lit recently. The concern many analysts have is that large Capitalist nations have been relying on growing household debt for much economic growth in recent years.

They argue that this consumer debt is fast approaching a ceiling because the domestic market cannot afford further debt. i.e. to buy more non income…[Read more]

]]> 3cc6fcc3562c0d610bac4924568bef9b thefirstbruce replied to the topic Here we go again, Interest rate prediction for Mar in the forum General Property https://www.propertyinvesting.com/topic/4371610-here-we-go-again-interest-rate-prediction-for-mar/#post-4457417 Sun, 29 Feb 2004 22:32:21 +0000 http://www.thecouriermail.news.com.au/common/story_page/0,5936,8828859%255E3122,00.html

Bruce
Mooloolaba, Qld

]]> 508fd0fae9ef03150fb88c2fb6205e14 thefirstbruce replied to the topic renting to uni students in the forum General Property https://www.propertyinvesting.com/topic/4371621-renting-to-uni-students/#post-4457481 Sun, 29 Feb 2004 14:25:58 +0000 some students are good some are bad.

I’d budget for ripping up the carpet eventually.

I’d also screw the vendor down 20%, and not move up past 13% discount. In a softening market, it is a psychological wake up call to make an offer 20% lower than the list price. The market is softening right across Brisbane in my experience….I have seen drops…[Read more]

]]> de31c75261421112110d9207f340a48b thefirstbruce replied to the topic Here we go again, Interest rate prediction for Mar in the forum General Property https://www.propertyinvesting.com/topic/4371610-here-we-go-again-interest-rate-prediction-for-mar/#post-4457415 Sun, 29 Feb 2004 09:08:56 +0000 Here’s two RBA publications that make interesting reading re interest rate changes.

http://www.rba.gov.au/Speeches/sp_ag_270204.html
http://www.rba.gov.au/PublicationsAndResearch/Bulletin/bu_feb04/bu_0204_1.pdf

I still think the rate could go either way. Pressure not to go up comes from trying to keep the AUD from rising further, and hurting…[Read more]

]]> bb185da4882aa2bf0a26691ee168108f thefirstbruce replied to the topic How to become a fortune teller and maker in the forum No Subject https://www.propertyinvesting.com/topic/4371483-how-to-become-a-fortune-teller-and-maker/page/2/#post-4455981 Fri, 27 Feb 2004 23:46:46 +0000 re the Bris-GOld Coast Corridor, I am a little cool on it. Back in the 80s when it first took off, lots of people moved up from down south for cheaper housing. There were a lot of social and economic problems due to poor job opportunities. The same can be said for the Caboolture Shire in the north.

I accept things have changed a bit since the…[Read more]

]]> 2b2816662a879d3599c9d50ded8f7aad thefirstbruce replied to the topic How to become a fortune teller and maker in the forum General Property https://www.propertyinvesting.com/topic/4371483-how-to-become-a-fortune-teller-and-maker/#post-4455975 Wed, 25 Feb 2004 13:55:59 +0000 My gold standard is to look for where the jobs are going in the future. In Brisbane, that means near the airport, as it is the last vacant land in Brisbane City and the council has earmarked it for future commercial dev’t. Suburbs nearby will benefit from increased demand. Am not saying which as I am looking there at the moment.

My other view is…[Read more]

]]> cce5737af7f7d171afd6411d4c78963a thefirstbruce replied to the topic Offsetting Retirement... is this a joke? in the forum General Property https://www.propertyinvesting.com/topic/4371486-offsetting-retirement-is-this-a-joke/#post-4456026 Wed, 25 Feb 2004 07:03:42 +0000 As a baby boomer myself, I am sad to say that our generation is far more self centred then any before. They have much of the wealth of society tied up in assets and high paying jobs, however they are voracious consumers. Their one saving grace is that they are not afraid to break conventions.

I expect that nursing homes and hostels will be…[Read more]

]]> c42af3188008f8a110c4f70f9338b589 thefirstbruce replied to the topic Hot City in NZ in the forum General Property https://www.propertyinvesting.com/topic/4371421-hot-city-in-nz/#post-4455494 Mon, 23 Feb 2004 10:09:46 +0000 Ah Westan, Invercargill was your secret spot huh?
Mini, suppose you are in there too…
Mini and U10,220,506A, I had reservations about Invercargill cg when I first heard about it last year. In the US, university towns don’t have the same cg as industrial towns. Maybe it is a combination of demand from one sector, one that leaves town for 2 months…[Read more]

]]> 41eaf8978886a1993b585771fe95aec9 thefirstbruce replied to the topic Housing Prices in Qld. in the forum General Property https://www.propertyinvesting.com/topic/4371411-housing-prices-in-qld/#post-4455412 Mon, 23 Feb 2004 06:46:59 +0000 Saw the C-M suburban median price listing over the w/e. The older I get the less I trust median prices. If a suburb is historically 600m2 lots, and then the council changes zoning laws to allow apartment blocks and 400m2 lots, or a major antiquated industrial allotment has a new res estate put on it, it makes nonsense of median price comparisions…[Read more]

]]> f6ec1ace87e2758d170c2e8be067250d thefirstbruce replied to the topic 11 sec rule ! try the Rule of 72 in the forum General Property https://www.propertyinvesting.com/topic/4371325-11-sec-rule-try-the-rule-of-72/#post-4454856 Mon, 23 Feb 2004 00:50:58 +0000 Pisces,

“Therefore the best tax vehicle really is one’s own house.”

I would argue that because PPOR mortgage rpts are made with after tax dollars, outside of RE booms, an IP is a better tax vehicle.

Bruce
Mooloolaba, Qld

]]> 9ae2266617c467e5755eb93d364dc158 thefirstbruce replied to the topic Hot City in NZ in the forum General Property https://www.propertyinvesting.com/topic/4371421-hot-city-in-nz/#post-4455487 Mon, 23 Feb 2004 00:40:41 +0000 The reason Invercargill yields are up is because the local university adopted a fee free policy. This led to around 2000 extra students moving to the town. Before this, the town was declining rapidly. The locals came up with the idea of subsidizing the fees in a desperate measure to turn the local economy around. It has worked brilliantly and is…[Read more]

]]> 053316c453b28433b8b9909a1f9fa720 thefirstbruce replied to the topic Advice on getting started in the forum Help Needed! https://www.propertyinvesting.com/topic/4371391-advice-on-getting-started/#post-4455320 Sat, 21 Feb 2004 08:51:24 +0000 David, 2004 isn’t 2003. Steve put that book out when it was pretty easy to find +CF (positive cash flow) property in big cities. You’ll find it more difficult to get +CF IPs these days.

I would suggest you look into improving the value of what you already have first. You may find council won’t let you put a second dwelling on your 50 acres unless…[Read more]

]]> 66ea026f378a87fc17ae39d6881af1eb thefirstbruce replied to the topic Do you use the ADSL/Cable Internet in the forum Opinionated! https://www.propertyinvesting.com/topic/4371369-do-you-use-the-adslcable-internet/#post-4455218 Sat, 21 Feb 2004 08:28:00 +0000 Julian, using adsl and fax on the current fax line should be fine. Get a techie to do it, and ask before he comes out whether he can set it up like that.

Basically, he’ll create a new wall jack using the current fax line which you will plug the adsl modem into. The modem will be connected to a router, and all the computers will plug into the…[Read more]

]]> a96f6639a613156441465559ae6c5dfa thefirstbruce replied to the topic Do you use the ADSL/Cable Internet in the forum Opinionated! https://www.propertyinvesting.com/topic/4371369-do-you-use-the-adslcable-internet/#post-4455216 Sat, 21 Feb 2004 02:37:18 +0000 julian, products like cyberpatrol

http://www.cyberpatrol.com/product/quick_start_guide2.aspx

and

netnanny

http://store.netnanny.com/dr/v2/ec_MAIN.Entry10?V1=466106&PN=1&SP=10023&xid=53&DSP=&CUR=840&PGRP=0&CACHE_ID=0

allow you to block access to specific users between hours chosen by you.

Bruce
Mooloolaba, Qld

]]> d76d8e86c370d449fb2cee8a99ac5a37 thefirstbruce replied to the topic Do you use the ADSL/Cable Internet in the forum Opinionated! https://www.propertyinvesting.com/topic/4371369-do-you-use-the-adslcable-internet/#post-4455205 Fri, 20 Feb 2004 09:12:28 +0000 Julian, you might consider getting a wireless modem/router for home. You pay a few hundred bucks more for router and nics, but it’ll do away with the need to have cable running all over the place, and allows you to sit outside by the pool with your notebook. Netgear products are good.

If you go wireless, get the latest standard 802.11G. Further,…[Read more]

]]> 2ac0e5a3be38308ea0ef193d35416554 thefirstbruce replied to the topic Qld property could "go" again. in the forum General Property https://www.propertyinvesting.com/topic/4371332-qld-property-could-go-again/#post-4454900 Thu, 19 Feb 2004 17:52:07 +0000 James, I take on board what you say.
The Qld Govt has been proactive in courting business to move up here. However, results are still anecdotal.
There is still a strong perception that education and culture are inferior in Qld cf Vic and NSW. Until international and national market dollars are being drawn into the area, then we still have net…[Read more]

]]> 0756be4218e96b323f62afe6c7ad88fe thefirstbruce replied to the topic [moved] Property Development in the forum Value Adding https://www.propertyinvesting.com/topic/4371344-moved-property-development/#post-4455007 Thu, 19 Feb 2004 02:03:38 +0000 Thanks Brendon. I have also been trying to learn all I can about bigger developments. And like you, know one has to be cashed up to carry lower LVRs, higher acquisition, holding, and dev’t costs. The one gotcha that scares me is local council fickleness. I have friends who are big players and they have spent heaps on the best legal representation…[Read more]

]]> e23a65d1931b0eae85fd405f9de3b964 thefirstbruce replied to the topic Qld property could "go" again. in the forum General Property https://www.propertyinvesting.com/topic/4371332-qld-property-could-go-again/#post-4454897 Wed, 18 Feb 2004 12:23:00 +0000 I agree with what everyone says above re SEQLD.
Until large corporations move up here, wages and job opportunities will remain inferior. (Of course, what this masks is that the wealth of the south is being artificially fueled by the profits corporations make out of the national market.)

Until the Qld state govt gets even more aggressive about…[Read more]

]]> 6267e11fa1e19faf8d6cb185d8d56ebb thefirstbruce replied to the topic Worst Tenant Experience in the forum General Property https://www.propertyinvesting.com/topic/4370869-worst-tenant-experience/#post-4451691 Mon, 09 Feb 2004 12:07:04 +0000 My parents have had a stack of rental property ever since I was 8. Back about 14 years ago, my mother had trouble with one of the tenants. And it got too much for her to sort out, so I took over.

– as the story goes, it was a 4 pack block of flats in a lower socio economic area. A young 18yo girl, first time out of home, living upstairs got…[Read more]

]]> 347ee7a5e1ffab3aa5c386d250098805 thefirstbruce replied to the topic Link to "Where does the market go from here?" in the forum General Property https://www.propertyinvesting.com/topic/4371124-link-to-where-does-the-market-go-from-here/#post-4453641 Mon, 09 Feb 2004 08:22:44 +0000 regarding the USD, I looked closely at putting my money into a syndicate trying to raise $50million to do USD currency trades a few months ago. The trader we were going to use believed there would be a lot of volatility with the USD in the first half of 2004.

I doubt the US would raise their interest rates unless key economic indicators show…[Read more]

]]> 430e1e9c9bf2472acf849a5df49aa3a5 thefirstbruce replied to the topic Link to "Where does the market go from here?" in the forum No Subject https://www.propertyinvesting.com/topic/4371124-link-to-where-does-the-market-go-from-here/#post-4453640 Mon, 09 Feb 2004 08:14:02 +0000 Just a few anecdotes on how China got economically strong. I believe it was due to the govt opening up to foreign trade. Everyone else thought the huge market would be worth taking a risk on so started courting the Communists. The US govt has been right there in the front line fostering relations, believing that a more open China dependent on…[Read more]

]]> 0f5670b3697c9e3c79b18d06e7269c46 thefirstbruce replied to the topic 15 percent yielding properties - interested? in the forum General Property https://www.propertyinvesting.com/topic/4371057-15-percent-yielding-properties-interested/page/2/#post-4453227 Sun, 08 Feb 2004 07:49:43 +0000 “if you prefer to do your own researching, then do it.”

there’s one little fascist dictate….
I suppose you don’t have the subtlety of intelligence to understand that two sources doing it has a cumulative effect.

“But don’t decide that…..”

and there’s another.
Can’t help yourself huh Kay? I’ll decide what value to put on a $1000 thanks…[Read more]

]]> 2b7c9135a081e06cf9951a94b5ac1971 thefirstbruce replied to the topic 15 percent yielding properties - interested? in the forum No Subject https://www.propertyinvesting.com/topic/4371057-15-percent-yielding-properties-interested/page/2/#post-4453222 Sun, 08 Feb 2004 05:17:07 +0000 Leigh and Mini (who I thought was a guy), not trying to be a wet blanket, but have you considered getting some local knowledge on board?

I’d certainly feel more comfortable with a sheep loving local digging up the due diligence then Leigh, who is going to have serious time constraints and apparently has no long term local connections???

There…[Read more]

]]> 332e5b907a5c1383e3d6477c445e99d4 thefirstbruce replied to the topic My Basic Locality Analysis List in the forum General Property https://www.propertyinvesting.com/topic/4371098-my-basic-locality-analysis-list/#post-4453459 Sun, 08 Feb 2004 05:08:46 +0000 Elves, I take your points. Of course, i understand what i am talking about is highly idealistic. However, there are several interim setups one could take towards that ideal. i.e. for one person to do due diligence on many towns is very time consuming. If a group of 5-20 act cooperatively and do due diligence on 50 towns, and share the data, then…[Read more]

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