Mugabetown - Whoretownin' At It's Worst.

[t5iv]

Tim and Mike. I see you lurking.

Hiiiiiiiii

[sneakey pete]

So there's no low risk high reward option? Dam...(except houses maybe...)

[TREGTR]

Tim and Mike. I see you lurking.

Hello

Hiiiiiiiii

So there's no low risk high reward option? Dam...(except houses maybe...)

There is it's called the Hakosuka Gtr ^^^

[Bunta]

So there's no low risk high reward option? Dam...(except houses maybe...)

At this stage housing is a great bet, its cheap and looks like it might come good relatively soon

[Bunta]

And Bank shares are generally good.

[TREGTR]

And Bank shares are generally good.

What do you make of the BHP Billiton situation of capping exec pay and reducing salaries under the new CEO?

[t5iv]

And Bank shares are generally good.

Whilst true, it's also a longer term game.

[Bunta]

What do you make of the BHP Billiton situation of capping exec pay and reducing salaries under the new CEO?

Not sure, I am not really watching the markket that closely at the moment, I sold 90% of the shares I had to buy my place. BHP is one of the few I did keep though, and intend to do so for a while, I think it will be helpful but the only thing that will really turn them right around is resources prices going back up.

[Bunta]

Whilst true, it's also a longer term game.

yes, for sure.

[sneakey pete]

As it stands you're ineligible for the first home owners grant if you buy an investment property? So many variables to think of

[Bunta]

As it stands you're ineligible for the first home owners grant if you buy an investment property? So many variables to think of

There is no first home owners grant unless you are buying a brand newie, but there is a stamp duty exemption which will save you around 10,000 or so. You have to live in the building for a period of one year starting within one year of buying it.

[Bunta]

I was bloody lucky, I was in the brief window where I got the stamp duty exemption and the first home owners grant, 7k in the hand and almost 11,000 dollars saved in stamp duty

[TREGTR]

Spend it modifying your skyline to the n'th degree - can't put a price on happiness

[Beelzebub89]

Housing is no sure bet either. Im not a fan of buying and counting on the market going up. If you have the time to buy places with development potential then you can get some high returns with little work but knowing the DA process and what you can put on a block/determining its potential value is going to be difficult unless you know what you're doing or if you're going to pay someone.

Lot of thinking to do eh Pete. Spend it on coke and hookers

[Wagamama]

Tim and Mike. I see you lurking.

Hiiiiiiiii

'sarp bish?

[Bunta]

Housing is no sure bet either. Im not a fan of buying and counting on the market going up. If you have the time to buy places with development potential then you can get some high returns with little work but knowing the DA process and what you can put on a block/determining its potential value is going to be difficult unless you know what you're doing or if you're going to pay someone.

Lot of thinking to do eh Pete. Spend it on coke and hookers

This is true. My sister is a valuer. That helps! Lol

[sneakey pete]

It doesn't come out too bad if you rent the place out plus growth. The sort of interest you pay though does freak me out (150% on a 25 year loan st 9%!), plus there is the commitment aspect of it, if I bought one in the next year and then lost site work I'd be in a spot of bother

[TREGTR]

Housing is no sure bet either. Im not a fan of buying and counting on the market going up. If you have the time to buy places with development potential then you can get some high returns with little work but knowing the DA process and what you can put on a block/determining its potential value is going to be difficult unless you know what you're doing or if you're going to pay someone. Lot of thinking to do eh Pete. Spend it on coke and hookers

So what you're saying is spend it on real estate agents lol

[massive disclaimer: I have nothing against real estate agents, I'm sure they're really nice people. The centre of my joke is based on this recent article http://m.propertyobserver.com.au/industry-news/real-estate-agent-glenn-farah-disqualified-until-2021/2012100857041 ] phew!

[Bunta]

I would rather spend my money on real estate agents than fkn lawyers!

Actually scrap that, Real Estate agents are pretty awful, for some one that requires very little in the way of education they tend to think they are the pinnacle of society and intellect.

[Ants]

I would rather spend my money on real estate agents than fkn lawyers!

Actually scrap that, Real Estate agents are pretty awful, for some one that requires very little in the way of education they tend to think they are the pinnacle of society and intellect.

couldn't resist............just fkn lol