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After its all said and done, pretty similar to the every day rents in Canberra. Why wouldn't I just invest in the ACT instead where there IS a real land lock situation, i.e. fixed borders around the state and the government slow to release new land.. I guess if you got into Gladstone a couple...

Nice position to be in. Congrats.

What if I can pick up a 3 story water front property for $670k in the current flat market that would have sold for around $1m 3-4 years ago. And it has heaps of potential for renovation. Apart from it being very difficult to rent out and you'd have to live there as your own PPoR (but then its...

Yeah I reckon it definitely has potential as an investment considering how expensive everything else it. Pick up a bargain, renovate and add value meanwhile Canberra keeps running out of land and the low end keeps rising.

Mayfield, Islington, Hamilton, Cooks Hill (yes!!!), Newcastle City, Windale, Jesmond, Shortland, Birmingham Gardens, Gateshead. And quite a few more. Lots of crime hotspots in Newcastle. There are idiots everywhere. I have also seen morons drive into nice, low crime suburbs and just put bins up...

Bloody Perth and WA! The place is crazy... That's awesome...

Charnie isn't anywhere near as bad as other Suburbs in NSW. Say if you're from Newcastle, half the suburbs there are the equivalent to Charnie in the ACT! But by ACT standards, it has a rep. There are some dodgy parts, but its not that dodgy. I also knew a young go-getter who bought her first...

Newcastle just always seems like this place to me that is in this perpetual state of "has potential" but never reaches it. My place did well (doubled) there in the main 2000-2003 property boom and ever since then, it's only gone up a bit over time. Plus the yields are miserable (apart from...

Exactly - spot on.

I've seen Mark Rolton speaking live and the guy just has so much charisma and natural selling ability. The way he delivers his presentation is really convincing and you get this overwhelming sense of everything being genuine and that you'd basically be stupid not to sign up. I was still cautious...

Newman is insane. I know other stories that have come out of that place and its just insane the cash flow moving around in that little town. But no I wouldn't buy in at the current ridiculous prices i.e. $780,000 for an absolute dump that rents for $1500 per week. That's awesome cash flow...

2x HSVs = Cashed Up Bogan.

Gov jobs won't be slashed, the word is that budget cuts will be managed by "vacancy management", that is, not re-hiring when people resign/retire etc. It typically won't be a huge slump, but just a slow down where things go sideways for a while. Longer term the place will keep ticking...

Woohoo! Good news in any case. And no I'm not going to suddenly rush out and load up on IPs because of this news.

Yeah that's interesting. I'm not surprised at all, that is a pretty accurate reflection of the people I see heavily investing in property in the real world. Once you are a high income earner, its just easier to keep earning the dollars from your core income rather than stuffing around...

Good point re: fog in Canberra. This affected me only the other day! All arrivals cancelled and planes had to return to Sydney after almost touching down!

Put it in bloody Canberra and then build the fast train link. This would be a win win, because a decent transport link is already needed between the business capital and the government capital. We already have the internationally rated airport in Canberra! Makes sense..

Pfft stuff being a tight ar5e just to be "rich" on paper one day when you're 70! :) I used to be, but I couldn't handle going back there. I spend liberally, but I earn well, I live well. Happy to keep working and earning the big bucks while my lifestyle is pretty good. When you are a...

Nowhere near it.. I have a good chunk of equity in my PPoR (own about half of the property) and am stuck in a high paying position to bring in the bacon to maintain the lifestyle that I live. Nice car, nice PPoR, eat out a bit and travel a bit. If I quit my job I would definitely be broke...

RIO is looking massively undervalued right about now. I'm buying $20k worth on Monday morning when trading resumes. Also Woolworths looks fairly good value right now with a good yield. I wouldn't mind putting a couple of g's here and there in a few small caps too. Just for the odd...