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  1. Oscar

    Time Piece Investment

    Just made my first gain from a fine watch sale. One year ago I purchased a ca. 30 year old gold day/date Rolex for 7,000 euros. Sold it for 8,500 euros last week. 21% gain in a year. No holding costs although I did have the pleasure of its utility for a year. This was dumb luck. With...
  2. Oscar

    Leaving a great job

    Some forumites would know that I have really valued my JOB and treated it as an asset over the years. However, after 21 years working in a multinational company I am contemplating leaving. The timing seems to be right for me and as a senior executive a redundancy package would be available well...
  3. Oscar

    good yield, high growth

    Shares are doing well at the moment. I am taking more interest in my index high yield fund. In the last 12 months it has returned 26% growth and 5% yield for a total 31% return. Fees are very low at 0.45%. Sure beats property maintenance and agent fees! The overall value of my index fund is...
  4. Oscar

    Increased Interest Rate

    I have over a million dollars loaned through Aussie home loans at an interest rate of 5.03%. As I was preparing a per approval for a further million dollar loan for a new property my broker advised the best rate I could get was 5.78%. I enquired why the rate was considerably more than my...
  5. Oscar

    woolloomooloo finger wharf

    what do you cats think this would be worth? http://www.domain.com.au/ore/Public/Gallery/Photo.aspx?adid=2010723615&pic=1&mode=Buy very interested in this for lifestyle, retirement in sydney..
  6. Oscar

    Losing 10% deposit

    As some know I have recently "sold" a property at Newport Beach, NSW. The purchaser is having problems completing and we have issued a notice to complete within 2 weeks charging 8% interest along the way. The 10% deposit by the purchaser was paid by a deposit bond. Anyone have any experience...
  7. Oscar

    $50,000 back pay

    What a day. Read an email first thing where I was notified of an error in my take home pay over the last 12 months and that I am due for a $50k back payment (after tax!). Well it's a nice surprise. I bought a bottle of Bolly on the way home and it's all gone. peace.
  8. Oscar

    Newport Beach House for sale

    Somersofters - time to let go of my beach pad. This is a bargain especially when you check the last sale price obtained for this property. I will be making a small loss in order to put the money elsewhere. Outstanding views and lifestyle property. Will be sorry to see it go...
  9. Oscar

    Year of the Snake - celebrating?

    My wife is just ending her year of the dragon, and I'm now entering my year of the snake. This is a very auspicious time for us. She is chinese - we bought each other vintage gold rolex watches for good luck.. Another time piece for my collection! Happy new year of the snake everyone!
  10. Oscar

    potts point / woolloomooloo

    http://www.realestate.com.au/property-apartment-nsw-potts+point-110792687 what do you cats make of this. Great pad for a couple to live in the big city? I've asked for price expectations. Great location.
  11. Oscar

    massive cashflow

    I've joined an irish forum to discuss this, but interested in any view points from here. I've put an offer on a 5 storey terrace in central dublin (Dublin 1) in an "up and coming area". It contains 19 studios, 1 and 2 bedders. Asking price is 525k euros. I offered 460K. The gross return is...
  12. Oscar

    major renovation - northern beaches property

    I own a house in Newport built on a very steep block. It's 2 storey with great ocean views, flat roof and no parking. When I return from working O/S an option for us is to develop the property. As I said the block is very steep (60 odd steps walking up to the house), so will present building...
  13. Oscar

    Sydney opportunities...

    Lads, Looking at a major investment this year to set ourselves up once this expat lark comes to an end. Since it's just the 2 of us we are looking at a nice apartment in central sydney with parking and pleasant outlook close to harbour and CBD. Potts Point is on the radar. 2/22 wylde st...
  14. Oscar

    why "risk" investing when you can save?

    Lately I've been thinking about the safety of savings versus the risk of investing via IP's and equities. I am fortunate to be in a high income situation where I can save around $100K per year net. Job prospects in my industry are fairly good and there's a good chance of continuing this...
  15. Oscar

    bronte/clovelly > nice auction results

    It was great to see the auction market hot up yesterday with some strong, if not, bullish, sales in my key interest area. A large 2 bed ground floor unit in bronte $690K and smaller 1 bed plus study on busy clovelly road, clovelly, $610K. A car space and no parking respectively. Older art...
  16. Oscar

    northern beaches - sydney

    I have been researching this market on and off for the past year or so. The "value" proposition around collaroy, narrabeen, north narra. etc still surprises me. Large 4 bed homes with very close proximity to lake and beach, sitting on between 600 and 900 sqm of dirt, most with some water views...
  17. Oscar

    Sydney, Northern Beaches - Narrabean

    Searching via the net today came across a number of homes in Narrabeen, along Sydney's northern beaches. Some of the prices being asked seemed to good to be true. Large homes on ca. 55o sq. metre blocks, 4 bedrooms, point blank views of pittwater lake and 10 minutes walk to beach - ~$1.2MM...
  18. Oscar

    sydney opportunities ??

    Friend just sold her Sydney Eastern suburbs IP for a rotten price! It's right NEXT DOOR to mine on the top floor of a beatiful Art Deco block. She accepted $485K. Out of the 8 properties for auction yesterday evening NONE reached their reserve and I think only 3 sold. I thought the value of my...
  19. Oscar

    MBA's and the GMAT

    I've been doing a bit of research around preparing for the stringent admission process of some international business schools and find that most require an advanced score in the GMAT. I've since found an entire industry around preparing potential student's for the all important GMAT test. Can...
  20. Oscar

    How would you invest a lazy couple hundre thou'

    I have a situation, would like some ideas; I fluked some good IP buys between 1999 and 2002. Net result today is that I have 4 IP's worth about $2million with loans at $1M. In 2003 as everyone I knew was buying IP's I got a bit concerned and stayed out of the market. In fact, since April...
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