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You make some good points. I agree, Toorak is more popular for the rich folk etc. Im wondering, what made Toorak into the town it is today? Why is it so desirable? Im keen to learn how it become so exclusive and expensive. Any ideas? Has Toorak always been the "Rich" spot to live...

I agree....no, no...I disagree... No, I agree. Hell, I dont know anymore. hahaha :p Cheers Mick

^^^^^^^^^^^^^ Thanks for that post forumite. Bals in your court DeeHwa. :D (Jokes) Cheers Mick

Lets just agree to disagree. :D P.S. Just got off the phone to a family member who lives in an “Ivory Tower” worth 1mill+ who was complaining about the increase like a one arm brick layer in Bagdad. Hmmm, must mean he belongs in the “Border line poverty area” and not in the area he lives. ;)...

What has this got to do with house prices, equity, capital growth in the west? Lets try and keep on topic and not turn Somersoft into a "Dick Measuring" contest. :D Im sure there are people complaining about the .45% increase in Toorak also. :D Cheers Mick

Looks like a nice place. :D Lands a bit small for my liking. I would probably buy that to rent out but not live in. The back yard is quite small though. You can see how close the back fence is to the house in the kitchen pic. Cheers Mick

*High Fives* Deltaberry :D No wuckas duckas. Cheers Mick

Yep. I’ve read all your posts and everyone else’s here also. :D And nah, im not defensive because someone else has a different investment strategy to mine, heck, I plan on buying IP's all over Australia and hope to one day include the upper class suburbs also. :D I am "defensive" because...

Ah yes, I thought you were comparing it 1:1. :D Cheers Mick

$1,600 per week for rent in Toorak, and $200 a week in Werribee. $1,400 in my math. :confused: Unless you mean $600 a week in Toorak? Cheers Mick

I appreciate the reply DeeHwa. :D As we have all demonstrated here, there are many different ways to succeed with Investment property. There is no one "right" or "best" way, it all depends on each individuals goals, budget and mind set at the end of the day. :D The reason I believe...

Oh no , I get the point :D And who ever mentioned that Werribee would "Beat" inner city property? Not me sunshine. You might want to clean your compute screen, oh, im sorry, would you get your butler to do it?. :p I do not and have never claimed that Werribee or the surrounding areas are the...

And what exactly is your argument? We all know Werribee has a bad wrap, no one is denying that, what we are discussing here is if the area is a suitable place to invest in using IP's. And, once again, it is. :D With correctly financed investment property, only a fool can not see the...

Sounds like my story. Hahahaha 1 down, 20+ to go :D Cheers Mick

Please tell me how? Isn’t it funny when people like you cant explain themselves, the only resort is try and go off topic or divert the attention. :rolleyes: Please just accept it, there are millionaires in the West. Go on, its ok to be wrong sometimes. :D Cheers Mick

Yep, I went to school. A bit off topic though isn’t it? :D So, would you care to enlighten us on how you are so sure there are no Multi Millionaires in the Western Suburbs? Cheers Mick

But there are Multi Millionaires in Werribee. Please explain? Cheers Mick

There are multi millionaires who live in Werribee and the surrounding area. How do you explain that? :D Cheers Mick

I appreciate your input. As stated in many of my other posts, I do not own any IP’s as yet, so I guess ill have to wait and see by my own experience if this is true or not. :D Oh, I don’t claim “My Way” of investing is the “Right way” or the “Absolute Truth” etc. Its interesting to read the...

Just comment honestly. Thats what the forum is here for :D Friendly discussion about IP's. I did not say position is NOT important, all I said is that its not the MOST important. ;) Would you say the following quote is true or false ? A properly financed "$hit hole" 200km West of the...