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I like a comment that I think I read from Hegney yesterday - buy a property, don't buy the market.

interesting, as I feel the biggest lesson of the GFC was about cashflow.

it should be pretty easy to reduce your income to nil thru non-cash deductions and other forms such as LOE. particulalry when you are developing as project costs are written off immediately so until you wind down your development activities you can go for years on losses whilst selling...

This really throws bankers and financial type people. usually it is met with silence and then "...so what do you live on?"

I think they behaved similarly? i dont actually follow mt lawley but would be surprised if it broke ranks. I guess east vic park held its ground and is a cheaper suburb

pretty much, tho you need to attempt to remove contruction and refurbs from the numbers... I would think east perth is mainly that. Find an old area doing those sorts of numbers and you are on a winner. about 10 years ago I read the best performing adjusted suburb (i.e. remove improvements) is...

that's news to me in itself

I'm really confused!! :confused:

I thought the satellite cbd's were joondalup, mandurah and midland?

well there are only so many and a complete list would be pointless

yeh but that's the 2-7km range... otherwise it really only leaves rivervale, cloverdale etc. Mt Lawley, East Perth, South Perth are all the same dog as the ones I mentioned above.

here is some sales evidence for a house near me... is back on at $1.9m now Jan 10 - on the market at 1,900,000 21/11/08 1,650,000 28/07/07 2,020,000 12/08/05 1,310,000 28/11/03 1,050,000 (first sale as a house) 24/10/02 277,000 (vacant land) FWIW, the hoiuse would have...

I was looking at swanbourne, claremont, dalkeith, cottesloe. the place i had my eye on in Swanbourne was off a true 33%. also city beach and floreat were hammered. I am told some places in applecross took a 40% knock

well they could go up, down or sideways, so a 1 in 3 chance? what's your end goal? a sell down? how much do you have to accumulate and then retreat by to have enough equity to achieve your goal?

the properties around me dropped about 30% last year... I bet a few owners wish they had CF+ properties in the boonies instead. nothing like watchign your property drop in value whislt you fund weekly losses! Cashflow should never be relegated to lesser importance than profit. hence the...

Just PM'd you Hagel. your initial will can usually be drafted to adapt to your changing certain circumstances by using broad references. E.g. "my children" not Nigel and Arthur. you can pull them off of cleardocs but i havent looked at them before. a cheap stop gap option if anything

guys... trying not to get excited but very initial reports from the coal face suggest that the perth market may finally be back. I am in regular contact with an agent in dunsborough that tells me prices have really moved over the last couple of weeks with a lot of the older stock clearing out. i...

sorry! yes self mgd super. EVERYONE should have a current enduring power of attorney and a will. asset protected structures...always boring stuff (like insurance) until the need arises.

H.E. speaks genius! Also look at your SMSF position and salary sacrifice into it if appropriate. ensure life insurances adequate, PoA and will up to date. Invest using asset protected structures. Crack a really nice bottle of red just for the hell of it.... when you are CF+ it's just a waiting game

agree that we would need to know more specifics. PPOR gains are tax free... so when starting out a goodway to get ahead is developing your own PPOR and picking up tax free dev margin. imagine doing that in karratha.... having seen many paths travelled I like the look of dazzlings/tpfkad...