t5iv Posted September 30, 2013 Author Share Posted September 30, 2013 Tim and Mike. I see you lurking. Hiiiiiiiii Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7044968 Share on other sites More sharing options...
sneakey pete Posted September 30, 2013 Share Posted September 30, 2013 So there's no low risk high reward option? Dam...(except houses maybe...) Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7044988 Share on other sites More sharing options...
TREGTR Posted September 30, 2013 Share Posted September 30, 2013 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 ^^^ Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045004 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045008 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 And Bank shares are generally good. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045009 Share on other sites More sharing options...
TREGTR Posted September 30, 2013 Share Posted September 30, 2013 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? Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045017 Share on other sites More sharing options...
t5iv Posted September 30, 2013 Author Share Posted September 30, 2013 And Bank shares are generally good. Whilst true, it's also a longer term game. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045023 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045027 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 Whilst true, it's also a longer term game. yes, for sure. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045028 Share on other sites More sharing options...
sneakey pete Posted September 30, 2013 Share Posted September 30, 2013 As it stands you're ineligible for the first home owners grant if you buy an investment property? So many variables to think of Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045039 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045049 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045061 Share on other sites More sharing options...
TREGTR Posted September 30, 2013 Share Posted September 30, 2013 Spend it modifying your skyline to the n'th degree - can't put a price on happiness Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045064 Share on other sites More sharing options...
Beelzebub89 Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045069 Share on other sites More sharing options...
Wagamama Posted September 30, 2013 Share Posted September 30, 2013 Tim and Mike. I see you lurking. Hiiiiiiiii 'sarp bish? Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045077 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045088 Share on other sites More sharing options...
sneakey pete Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045098 Share on other sites More sharing options...
TREGTR Posted September 30, 2013 Share Posted September 30, 2013 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! Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045101 Share on other sites More sharing options...
Bunta Posted September 30, 2013 Share Posted September 30, 2013 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. Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045130 Share on other sites More sharing options...
Ants Posted September 30, 2013 Share Posted September 30, 2013 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 Link to comment https://www.sau.com.au/forums/topic/431233-mugabetown-whoretownin-at-its-worst/page/254/#findComment-7045135 Share on other sites More sharing options...
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