problem for you is the price you have to pay in previous decades thats were the real money was made on property.
Yes, nice example. Have also photographed Lot 122 and I'm fairly sure some others. Image Unavailable, Please Login
Yeah, cheap property 30-40 yrs ago. You guys had it easy. I will have to do it the hard way, but I will give it a go. Id rather have a go, then not and wonder what could have happened if I actually DID have a go! If it means I only ever build a 30 property empire as opposed to a 100+ property empire, then so be it. Very nice. Looks like new. A Colombo V12.
Ive had the same amount of capital growth on this property I live in, as the first investment property I bought in Townsville in 2003. Dad bought this place in 1998, I bought my first investment property in 2003 and I paid my Brother out for half of this house in 2006.
Beautiful car! Would KILL to have that in the garage! Because I will never be able to afford one in this lifetime.
Don't worry - you are on the right track. Young lurkers, listen to Pap on this ( I'm being serious). Don't blow your money on cars - at least until you have it to spare. Btw, today's house prices will seem cheap in the future - just as surely as Rob and I thought our houses were fully priced when we bought them 15 years ago.
My home enabled me to retire knowing i have all that value in it and say in ten years i can sell it downgrade and enjoy the captial i have freed up.
Thanks for your support mate. And I know mate, you're right. Its all realative. People are blown away at what price I paid for my first one in Townsville back in 2003. Has nearly tripled since. I tell my friends at work that in 20 yrs time when my Gold Coast investment property will be worth $2M+, they will be amazed to hear that I only paid $800K for it in 2011. Yada yada yada, you know how it goes.
