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I think in the different ways. I do not look at the reality through the prism of news.com or spruikers who stocked up on Davoren Park property and pushing it through the same news.com. I respect people's choice to be a lamb who joins the heard following a billy goat to abattoir.
I do read news.com, I do read books of worshippers of the false God of "positive cash flow" property investment - but I do not understand why people assume that not following the heard is offensive and accuse me of not knowing mantras of false prophets.
I invest in Adelaide for about 19 years. FYI, my second property was a block of land in Moana on the Esplanade. Bought it in 1996 for $25K on credit card.
Five years ago subdivided it in three Torrens title blocks, bank valuation $950K. Built three townhouses using equity in the land.
Current rental return is 28%.
This is what happens when you invest for the future, not following fashionable trends.
I've split this thread out from the one it was posted in as was getting way off topic and nothing to do with the OP's actual post anymore.
So, continue discussing here. Please keep personal insults to a minimum (ie none) and keep it civil. Debate and differences of opinion are all good, but lets not get mean or nasty.
Thanks in advance
I have demonstrated to you that I made $2.1 million out of ???? If you think out of $25 K - you wrong. $25K it is OPM - other people's money - borrowed, did not come out of my pocket.
If you think you are a better investor, and I would have done better where you invest - why would a million dollar property is still unattainable dream for you?
Something does not stack up in your logic.
I do agree about the water front thing though. There is only so much water front availble and it will always be popular so is a good investment if purchased at the right price.