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Hey Big John, I'm yet to get into property investing but have been studying into it for a while now and trying my best to get some start off capital together.
What you are saying makes alot of sense to me, just out of interest, what type of property do you invest in?
Houses in the area we live at this point in time. Make no mistake, we are only in the early stages as well.
We are moving to Victoria (actually, her indoors is already there) and we will look to buy there as well, although the rental returns don't appear to be as good as here.
Commercial property can be a good investment too, but I would rather spread myself out a bit more with (relatively) cheaper houses than one expensive commercial property. That way if you lose one tennant, you don't lose all of your income.
Diversity is the name of the game. Fancy having such a large amount tied up in one commodity. We have a balanced portfolio and it has done very well over the long term (we are 10 year investors so far). Each downturn has been followed by an up, which usually means an even better return.
Property versus shares argument.....always a debateable topic. Traditionally the share market has performed far better in the LONG term.
I can't agree with that, but I guess different opinions are what make the world go 'round :p.Quote:
Originally Posted by numpty
You may not agree Jon ( and I'm not being smart) but better financial minds than yours or mine have determined this to be fact.Quote:
Originally Posted by BigJon
Suffice to say, we chose shares and yourself property, and we both seem to be happy with our decisions.
True enough. Maybe I just don't have the time, inclination or interest to look at shares with the scrutiny that would be required to get good returns. I like buying a house and then basically forgetting about it :D.Quote:
Originally Posted by numpty
Good example, my Mum bought a house in Roxby Downs a few years ago. Cost about $300 000 with no loan required. Rental return was in excess of $300 per week. Recently (in the last 12 months) the property was revalued and the rent was adjusted accordingly. Capital value is now said to be in excess of $500 000 and rental is over $500 per week.
I would be pretty happy with that, considering that on a day to day, week to week, month to month basis she doesn't do anything except spend the income :D.
I am not being smart either ( not too smart anyway :p), but for every exprts opinion stating one thing, you can always find an expert with a differing opinion.Quote:
Originally Posted by numpty
If I was to invest in real estate now, I will do my research in the mining industry and try to find out where are going to open new mines, etc
Here in Qld, Howard will be in my list together with Mount Perry. Things look very good and real estate is very cheap. :)
I will prefer to invest in land and houses that in shares. I am convinced that they are gambling with your hard earned dough :mad:
Correct if I am wrong Bushie, but I think what you may have been saying and I agree is that you invest what you can afford to lose, if it happens that things go pear shaped. That is in fact sensible as opposed to negative. Time and time again, people have put their lifesavings into some scheme ie things that if it does go pearshaped they lose the lot. At some point in time whether it be property or the sharemarket, it does go pearshaped, its the ones that have invested what they can't afford to lose..................that lose. An example, was speaking with the old man last night, yesterday his share portfolio lost over $800k, he's not happy about it :), but it doesnt threaten his lifestyle or "existance". For others it would,Quote:
Quote:
Originally Posted by Bushie https://www.aulro.com/afvb/images/im...016/08/768.jpg
Like they say don't invest if you cant afford to lose.
Martyn
I think that is a very negative attitude. Most winners couldn't afford to lose at some stage in their life, but they went ahead anyway. Some lost it all and had to start over, some were lucky and didn't. Either way, the right attitude is everything.
Regards
Stevo
Well actually you've been wrong for the past two years except for the last two weeks and then you are completely wrong about the reasons. But it's a Land Rover site and I don't come here to get investment or political advice even in General Chat.Quote:
Originally Posted by TP7