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Hi Simon I sent it to a few people and even posted it in our public folders at work. To be honest, most people took it as if I was trying to prove something. The section about the lady who bought a performance car and thought it would appreciate, was criticised the most. I told them to forget...

Just as you have to research and constantly analyze mortgages, the same is with brokers. Just as in business, you usually can't pay anyone enough to care about your matters as much as you. With that said though, I use a broker. I think they're invaluable, especially with getting better rates.

Hi Annapurna Interesting forum name; just wondering if you're from the area or a visitor. I haven't been, but definitely plan to soon. Good luck finding the accountant.

Hey aussierogue After re-reading a few posts, I guess it was just one of those things. You stirring the pot, me taking it the wrong way, etc. :) No harm done I hope. Anyway, I forwarded on Simon's post to a few people today (parents included). But I think it's like someone who has just...

I know exactly where you're coming from Simon. He just has different goals and different strategies. I think he plans to make his fortune through business. I throw it out there every now and then about investing, but he is not the slightest bit interested. Same with the other directors. He...

I have to admit Les, I feel exactly the same as Buzz. While I am new to the forum and I did bite my tongue, I don't think it pays to be rude and insulting. Sure it's just his opinion, but we're only younger, we're not the enemy. From what I have seen, the younger people here have nothing but...

Hi All I have noticed a few comments on this forum (and in books that I've read) that commercial property experiences lower CG than residential. Does this generally hold true, or is it just a myth? Yardney mentions in his book that commercial properties are simply valued on their yield...

Here's their wording: *Note: This report contains no suburbs in Victoria, due to the low predicted growth and rental yield for many areas in that state.

From memory I think it says they have left out VIC due to low yields.

Ahhh, possessed, good word. Maybe I was possessed and that's the only explanation! hehe Seriously though, I just have a love for cars, similar to Peter Spann's admittance in one of his books. But in addition to that, I don't think I had the knowledge of what was required to become financially...

I was exactly the same Simon, no disrespect intended... and just for the record, I am far from successful! I think my earlier post is testament to that. :)

I didn't realise 'younger' and 'successful' were mutually exclusive. :)

Hey Young_Gun Just putting it on the table, others can advise against it... when I was a couple of years older than you (about 21) I decided I wanted to get into property and gain financial independence. Actually, I think I decided about the independence thing when I was 12, but anyway...

Wow, what a coincidence. Excellent post Simon!!! I am booked into the bank on Friday to ask for another LOC to get me out of the exact situation you described. Last year I had a lapse of reasonable judgment and purchased a $65k car under a hire purchase arrangement. I had convinced myself...

I know what you mean Alex. I saw a post from you elsewhere mentioning that a trip to Italy somewhat influenced your requirement for financial independence. I had a similar 'revelation' on a snowboarding trip to Canada and Switzerland early last year. I'd love to be able to stay away for...

Thanks for those links handyandy It took me a while to get through all of the posts, but it was all good info. I understand your point about property being a long term strategy, but it is a little disheartening to think someone with 3m+ equity is finding it hard to see a 100k/yr CF. I guess...

Thanks guys Those links are especially good. I read the Turner plan; I guess it's to be expected that residents in houses aren't too keen on units and duplexes. After doing some more in-depth research, I'm starting to believe these may not be such good areas to invest in at the moment...

Good point, my figures have a habit of looking much better when not thought-out and written down on paper. Every reply here gets me thinking about something new. In reference to your post Alex, now I'm wondering at what stage one would allow their equity to increase in order to improve CF...

Funnily enough, I did see a property south of Sydney promising a 30% return. It was on leasehold land and had a motel/hotel on it. I'm sure there was more to it, but I didn't bother looking any further. I could probably find the link for those interested. Back on topic though, if I am to look...

Hi Everyone I was wondering if anyone would care to share their opinions about the suburbs of Turner, O'Conner and Braddon in the ACT. I am mainly referring to the houses and land; not the mass of units. Do you think the land is over-priced here, or does it represent value considering the...