Well it is thanks to you again of course. I knew the owner only casually through seeing him at Phils workshop. You formally introduced me and it turned out he is only 400m from my place. We did talk about you yesterday. We've gotta get you and your car out. When mines back in 2 weeks I said we'll organise a drive to the Dandenongs again with Pete in his new 308 and the Stratos. I'm sure you'll get the opportunity to take it for a run. You were just unlucky last time with the poor weather.
Lovely house this one! http://www.domain.com.au/Property/For-Sale/House/VIC/Wheelers-Hill/?adid=2008696280
I got the headache from probably a combination of noise, smell, and heat. I'm not complaining though. Would do it again as anyone would. Yes, I did use the clutch so yes I'm a girls blouse. It wasn't my car and I'm not going to abuse an opportunity like that. I was aware of the $$$$$$$$$ sign on the tacho. I did get one blue light on the shift lights which wasn't that high RPM, I think around 6500RPM.
just having a dig mate, it's just that it reminded me of my ex and her no clutch episode she was 3 secs quicker than me too
shift lights? for that period of time? Needs to be painted in its correct colours,wonder who painted in those colours?
I was working on about $100 a sq foot plus the home.so yep your more like 2.5m.Good value same property in Kew the land alone would be 4m plus.
thanks for the invite,i guess Porkers scare of the also rans. Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
IMAGINE...........if he/you still owned them today. Would be worth $2.5M each. Ive said it before, and ill say it again............... Wake up to yourself.
buying property is a waste of time unless its blue chip. ie Land tax,capital gain tax,rent tax,maintance,loan payments secret of property is to hold,buy blue chip and property with depreciation .
sad thing is you don't know. You would be far better of owning/buying one quality property. In the mid to late '90s myself and an ex business partner had about 14 properties,it was a pain,idea was long term capital gain (super) I would have been far better of buying a home in Toorak or a mansion in Kew.
Quite obvious you bought 14 rubbish properties then! Why didnt you just buy 6 "blue chip" properties in Kew or 4 in Toorak??? Your own words, "blue chip". Lol. Oh well, its done now. Pappy is buying premium realestate, leave me be.
not all they were good properties in established areas.Point being forget it you don't understand property,your 3 decades to late.
well i tell you the way your doing it is all up the creek. why its called stamp duty,land tax,rates,maintance,capital gain tax,annual tax,agent fees. where if its one property only rates,maintance.and you get to live in it. in the future the taxes will far out do the capital gain. example friends family had a 12 million dollar high rise in East Melb,sold it several years ago. why? land tax ect was more then the rental returns. why because it never had full occupancy. and this was a property pre captial gain tax laws. most people whom buy property as investment know Jack. ie they buy crap old property with little or no depriciation.
I dont know what annual tax you are talking about. Stamp duty and land tax? SD when you buy, wtf is land tax? CGT when you sell, meh. Ways around that. The last 2 I bought were brand new. The first one was 6 yrs old at the time. The next one I am going "against the rules", buying a 40yr old POS in BB Waters. But............I think its the right time to buy there. So I will miss out depreciation this one, but will do well in capital growth over the next 20 yrs because houses are relatively cheap there and only on the decline. The next ones I buy again, 99.99% sure they will be new ones again. As per normal, I bet there is an over-supply of apartments in Melb. Which is why no one wanted to pay $3K+ a week for your friends $12M apartment. Who can afford that anyway??? I KNOW they werent trying to rent for $1000 a week. I bet if they were realistic with their asking rent, size=6]it would have rented year round which would have been enough to cover rates, body corp, fee's, maintenance etc..etc. and they could have cashed in on the capital growth over time. Which is slow..........because there is an over-supply of apartments in Melb AND Australia in general anyway. My Dad rents his 6 bedroom/2 bath house out for $330 pw in Brisbane, Upper Mount Gravatt. 100m across the road from major shopping centre/bizz hub. COULD charge more and the RE agents keep asking him to lift the rent, but he doesnt. Only lifted it last year by $10 pw, first time in years. He IS realistic with the rental return, owns the property outright and the property had the same tennant in it for the first 9 yrs of ownership and the new tennant has been in there ever since. Going on 4 yrs now for them. Also, both tennants have cleaned up the house a lot over the last 13 yrs and its better/cleaner condition then when my Dad bought it. Property value has doubled and more in the last 13 yrs. Property, its a mugs game if you dont know what you're doing.
for a start my friends property was an 8 storey building. a fool would think it will continue to go through the roof in value gain. land tax,don't know what that is. ways around capital gain tax,not if you own a lot of property and like sleeping at night. as i said better of with one quality property if your after capital gain,example my home over the last 15 years has muliplied by 5 over the purchase value,including stamp duty,but including improvements.Plus i've lived and enjoyed it.with no tax when i sell and down grade. what has killed property investment is all the taxes,do the sums. you would be far better of buying a quality business or franchise.
