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I should clarify; the cruisey doddle refers to their amount of cash they have in the skyrocket at the end of each week. What would it be?; about $150k or so; about $3k or so per week nett worst case? Of course; 99 people out of 100 will expand the lifestyle to fit the nett wage; some folk say...

Yes. It is still a good idea to be investing even on a high income. What I was getting at was the angst, the hand-wringing, the OMG - what will I do? :eek::eek: that goes on here with this high earning group when it comes to their property and location selection etc. Seriously, on a $300k per...

From my experience it is not that dangerous; and I've stuffed up plenty, and I've never tried to time a market. But I'm not a property trader. Having said that; I've only ever bought existing properties after doing some research on the area to establish the good spot to be, near to all the...

A good illustration of what I was getting at. If you can play that game, and $10k is a trifling amount; you don't really need the gold. Or, you are a gambler with not a lot of money who likes taking big risks. I'm not closed to it; I know gold has been a great performer, but I talk in terms...

errr, yawn. The whole whether to buy gold discussion is only relevent if you have a large income. And if you do; you don't need the gold; there's no yield; just the CG. If you don't, then you can't have the gold because you need the cashflow. If you can afford to buy gold just go out and buy...

No doubt. Most younger people rent for a time when they move out of home, but I think there are also a lot of the current 18-30 year olds still electing to live at home for longer as well. "Back in the old days" :rolleyes: :D the younger folk would move out of home at 18, many would be married...

An argument. :D I don't think these guys get it; if there is no neg gearing, then the element of investors who are using neg gearing as one of the factors that encourage them to invest (this would be almost every investor at the start) would decrease. Now; of the volume of properties available...

Believe it or not; there are not really that many investors out there, and not that many who are cashed up to buy anything all the time. There are, however; loads of people who are "gunna" invest and never do...just lots of talk. Also; having equity doesn't mean you have serviceability. A lot...

And it's all about what a FHB will settle for as to what they can really afford....their expectations and whether they are truly in a dreamworld or not. If they want, they can buy a very nice 3x2xDLUG brand new home...

See? I'm a poser who has no-idea! :D

Nup; I'm off to give the F40 a bit of a polish, and out to lunch with Miss World at Vlado's, then off to the Hilton for a bit of a...... see ya's.... Where are those bloody Dolce Cabanna sunnies? Jokes aside; this is definitely me (but still working on the "self-made" bit..)

One of their more popular comments was "he got lucky".

I've never paid the full asking price for any property I've bought, and never bought at an auction. So if I'm yer typical investor, then the typical investor hasn't pushed up prices...ever. I think the stat is something in the order of 5% of Property Investors own more than one IP, and 1% own...

I was around when the neg gearing was abolished in the 80's... They re-instated it a few years later. I wonder why? :rolleyes: