notpom

Because people who buy them never sit around watching silly ads. http://www.news.com.au/finance/real-estate/buying/apprentice-to-expert-andrew-morello-has-nine-properties-and-counting-at-just-29/news-story/03584b3c335cad5f1bb0cefb00bb0a6b Nine properties by the age of 29 - it is not a bad achievement. I personally know people who were kicked out of year 8 ("for a good reason" they say) whose portfolio was substantially larger. One comment I would take a liberty to make - it looks like the list of 11 tips (how to get started) was made shorter than it was originally. As always by removing useful advice. Main piece that is missing "Find out how to borrow the deposit". Saving deposit is a waste of money. While you save, property becomes more expensive and you lose a lot of money as a result.

Presents are getting nicer and nicer. Negative oil price - who ever dreamed of such a thing? http://finance.yahoo.com/news/oil-sold-0-50-per-192245271.html

Paper tiger barks angrily: http://www.news.com.au/finance/markets/accc-chairman-rod-sims-has-slammed-petrol-companies-for-failing-to-pass-on-low-oil-prices-to-motorists/news-story/1bf6df2aac6ae0d0856ae54792d1b995 Very scary paper teeth. What they can do when Lib Government is eager to cherish super profits of their multinational mates. It is safer to rip off vulnerable - old and ill people, especially disabled.

Even more of Christmas. http://money.cnn.com/2016/01/16/investing/iran-sanctions-lift-oil/ One million barrels a day added to the markets in an instant.

My friend, Like it is said, wherever you go, there you are. I explain. Imagine yourself on the road which has two ends. One end leads to the rubbish dump, the other - to the beach. If you chose to go towards rubbish dump, it would be highly unlikely you will get to the beach. Yes, in theory if you have unlimited time you can go around the globe and reach somewhere nice, but problem is that you don't. With retirement income you have got two directions - one to increase your earnings so you can meet your own demand, or cut your demand so it matches your earnings. If you chose to cut your demands - then rock, garbage bag and baked beans are final destination of your road. As to GUARANTEED income, you shall understand that what is guaranteed - is the rate of inflation, in other words - zero income in real terms. This is the catch. The second catch with cash capital - it is that it is constantly eroded by inflation. I will give you a real example. My wife's friend sold her late mother's unit in Randwick (Sydney) in 1990 in an expectation that "property bubble" is going to burst. In 2010 she has bought a house 150 km away from Sydney CBD, $450K She was shocked when I revealed that in 2010 unit she has sold worth slightly more than a million. And house she has bought in the 1990 dollars worth just $90K. In other words, by sticking to "cash investment" she has lost $990K in capital, or $50K a year on average over 20 years. You are the person number 989765432 to whom I have to explain what is blatantly obvious. An trust me, it is tiresome.

Thank you for belly laugh. "Positively encouraged to have pets" beats everything.

It depends. It depends on the area, condition of the property and yourself. For example, I (and most of the landlords) never approve people who coming from the private rent background. 99% of private renters have something to hide in their rental history. I would never approve people with indoor pets. I would go past the single income families. List goes on and on. So is you fall into high risk category and try to rent decent property in the decent area - then your bargaining power is somehow limited. For the new arrival I would not recommend mentioning anything more than $5 a week discount. This is usually what is built into the price for negotiations.

Christmas is still here. http://www.smh.com.au/business/markets/oil-extends-slide-into-sixth-session-as-hope-for-recovery-fades-20160111-gm3qfj.html It is worth asking ACCC why is that you pay more than a dollar for the petrol when price should have been in the region of 60 cents.

Of course, live under the rock, eat baked beans and drink rain water. You miss the point. To determine how much you need you first must determine what kind of lifestyle you want in retirement.

There are just a few flaws with your approach. 1. It is a big delusion to think that someone will look after your money. They simply would look after their own. Super is a bright example. They deliver negative returns all the time, but it does not stop them charging you fees. 2. To purchase annuities you need money. If you mean you would get money from super - look what is market is doing and think again. 3. Return on the annuities depends on two things - interest rates and share market. Good luck getting enough funds to buy milk. 4. "Property speculation" is a myth created by unscrupulous media for people with weak nerves. In reality we get the situation when to fix power point you need a license. To fix kitchen tap you need a license. To the contrast - to make new people you do not need a license, even if you are alcoholic and drug addict. Problem is, these kids will need housing. To build housing you need land. And nobody can create new land even if Government gives them license. 5. From the moral point of view, getting money for doing something is much better than what you propose - getting money for doing nothing.

Thanks for the info Tamara. Councils (and Governments of all levels) apparently are in the business to turn the society in a blanket dob-in culture. I propose that DA must be introduced for installing the kettle in your kitchen. With fencing requirements. Otherwise children may scold themselves. Same goes for kitchen stoves. As to me, I know of the most effective safety device for kids. It is called "mother". And responsible mothers pour a mug of water when they bath their newborns. This way kids are taught to hold the breath and it is first step to teach newborns to dive. As to me, it would have been much better if Governments turn their attention to that parents who drink alcohol, consume drugs and engage in violent acts when kids watching.

Slight correction. After approx 13 years (rents double every 13 years on average) rent becomes a nice cash cow. This is in capital cities. In rural areas you usually get the rent exceeding your outgoings from the day one. But that would be at the expense of capital growth. But even in the capitals rent plays a big part at the beginning. Other people pay your mortgage. Partly through the rent, partly through the tax breaks.

No-no-no. You are not going to force me to mention Aesop and his 2000 year old fable "Fox and grapes" I am also not going to mention that the phrase "hubby still works" makes me to believe that you are not worried about money. There are also couple of other things that I would prefer not to mention that I ma not going to mention them, mainly due to the fact that I am married for 40 years.

You must be very rich to make such expensive gifts to people you do not know. Having heart to make money may mean retirement coming 10 years earlier. Getting development finance is not a rocket science. I do not know how old you are, but keep in mind that after 55 banks would not want to know you.

I like positive people. Positive attitude is an empathetic and clever indifference to others. and sober and mutual love to oneself. Going for a jog, smiling. People think that you are so kind because you send smiles to everyone. In reality though you can not care less what is going around you. You are jogging. You controlling breathing rate, pulse, you train your heart muscle. Massage after jogging. Green tea nights on Friday. Daily gym. More dietary fibre. You do not need troubles of everyday life. Water bottle in your hand - so skin never gets dehydrated. More flexibility in the joints. Vitamins - what am I saying. Everybody around is the same. There are some alien goblins who mix cement, lay bricks and lay sewerage. Let them be unhappy. On the serious note - you do not listen to what I am saying. I agree with you that characters who get more money for sake of getting more money have not a life, but a diagnosis. BUT. Main purpose of having ENOUGH money - is not to think about money. The other is also true - if you do not have your own wealth creation plan - means that you are the part of somebody else's wealth creation plan. And when you turn 45 - nobody would want you to make money for them. You becoming dangerous - you may resist fleecing. You are on the borrowed time.

What are your options? 1. Working harder. If you think it is the way, read Das Kapital by comrade Karl Marx. No one in the history has become rich by working for the other people or "saving" 2. Share market. First rule of sharemarket - do not risk more than 10% of what you have . Second rule - buy only you have got ten reasons to buy, sell when you have one reason to sell. Warren Buffett for the last 15 years only bought preferred shares in Gold Sachs in 2008, and sold them shortly afterwards. For some obscure reason there are herds there who think they are more clever than Warren. I would not even mention 2008 and what happens to the market now. 3. Running your own business. 95% of the businesses fail within 12 months. If property "not the only" - what it is then ?

Interesting OECD report. We are in the country who is the second worst in caring for older people. http://www.smh.com.au/national/onethird-of-australian-pensioners-live-in-poverty-oecd-report-20160106-gm0uno.html This sort of falls into the big picture of other well-known statistics: - Australians work the longest hours among OECD nations - One in four workers do not make it till the pension age (not surprising considering the previous one) - Only 3% of Australians retire on $50K pa or more - 89% of people who are on BRW 200 list (self-made, not inherited money) made their first million in Real Estate. - Superannuation half of the time delivers negative returns (now it is exactly the time) - $1M in term deposit at the current rate would earn $40K pa minus fees I know that 99% of people who read this would not do anything to help themselves. But it would pay to figure out how much you would need to support your usual lifestyle. Divide that amount by 0.04 and you will get an amount you need to accumulate before the retirement.

Have sent you a personal message.

Whatever, I agree with you. It is futile to conduct the argument about "likes and dislikes" between two specimen of Homo sapiens.

OMG!!!! My friend, I am worried about you. 3) Million-dollar views Clearly, some buyers are willing to part with a lot of money for the best outlook. You’ve heard it a thousand times, but that doesn’t mean it’s not true. Some of the views in Australia really do command outrageous price tags – though they’re hard to quantify. If your property has a view of the Harbour Bridge or another iconic feature, chances are it will boost your ability to sell. Point-blank views of the harbour bridge and Walsh Bay were the main attraction for a 30 square metre studio sold in 2015 for $700,000 – one of the priciest local homes when looking at price per square metre. Meanwhile, some of the best views in Sydney are found at Kirribilli Avenue, Kirribilli – where McGrath agent David Howe said they have some buyers who purchase multi-million dollar homes solely for the views, “so they can visit once a year to watch the fireworks”.​

East (esp North East) is well and truly revolting place. Tired, depressing, rundown. As to "desirability", for some people amphetamines is a desirable thing and they pay good money to destroy their lives. This si not a uncommon phenomenon. In abattoirs the billy goat declares it a "cool place", and herd of sheep follows. It is up to them. Lets talk about medium density. Yours in Onkapariga Council. Do not know what the sizes of lots are, but for "row houses" min land allocation is 150 sq m. This is unless you can submit plans that show that other aspects are compliant. In that case they would even give you some concession on alottment sizes. Can't say I understand your worries about your neighbours being upset. If you think about it harder, they will be upset anyway. Say there will be three scenarios: 1. You do not develop but sell later on. Rest assured that in this situation you will sell to the friend or relative of your agent. And they will develop straight away. Usually you will be wrestled into 3 months settlement (so Council business will be finished at your expense) and they will start bulldozing before your neighbours can blink. And they will blame you for selling to a developer. 2. You keep properties forever. Then your neighbours will be upset because everyone else is developing except you. "We would like to get this noise over ASAP" 3. If you follow the first two scenarios - you lose awful lot of money. In a futile attempt to please your neighbours. And it is truly futile. You own two adjoining properties, so in their eyes you are "tall poppy" and you need to be cut down. People do not mind you going ahead, but not ahead of themselves. Don't you think it is an awful waste of life - when you trying to live up to the expectations of people who in reality do not like you? C'mon, there are 4 billion people on the face of the Earth, and nowadays it is easy to find someone who has the same areas of interest. Talk to Rivergum Homes - I have seen few row house developments. And do not dwell on the sweat of renovations - life is about moving ahead. And the main purpose of making money - spend life thinking about something better than "where to get money for this and that".

They teach reading in the primary school. FIRST ARTICLE from Domain is largely correct. The article from Advertiser is a laugh stock. I fail to see how I could make it more clear.

Decided to share this, as it is the first article in the media for the last 15 years where majority of the information is actually correct. http://www.domain.com.au/news/five-real-estate-cliches-that-are-true-20160107-gl6lgz/ The only funny thing is deliberations in the cliche #5. These deliberations completely ignore cliche #4. If it is land that is important, why would a person in their right mind talk about land outside capital cities? For God's sake - Australia is a country with the lowest population density. There is no such thing as "land shortage" in any inner areas. If you remember this, then property market becomes the simplest thing to predict. As I keep saying - Adelaide is one of three capitals where land is in ample supply. But not all land. The most obvious cluster of land shortage - land with ocean views. This is where you can not go wrong - this land will either appreciate (25% over the last 12 months) or go flat. Ordinary land in Adelaide at some stage will go down. Before it goes up again. (the days when you could buy 3 bedder in Hallett Cove for $80K well and truly gone). This is not a rocket science, and the article as a whole is very useful. At least it would allow you to laugh at this kind of journalism: http://www.adelaidenow.com.au/messenger/north-northeast/heres-the-suburb-in-adelaides-north-east-real-estate-agents-are-tipping-to-boom-in-2016/news-story/efe2add36f55e3338427b2715544456b#itm=newscomau%7Chome%7Cnca-homepage-network-most-popular-masthead%7C1%7Cnumber-16km-from-the-city-is-this-our-new-boom-town%7Chomepage%7Chomepage&itmt=1452132724243 Hey, anybody home? What is "increased flexibility of alotment sizes" and how exactly it makes you life better at such revolting ghettos?

My friend accidentally has this available: http://www.realestate.com.au/property-house-sa-port+noarlunga+south-417224774

Good news starts pouring in. http://www.smh.com.au/business/the-economy/price-of-e10-fuel-dips-below-1-a-litre-in-sydney-20151230-glx7b7.html