Search results

...which then gives me a market to operate in which helps me get to my end game :) back on topic :)

We are all different.... We all have different attitudes toward things...and while we tend to think that there are right and wrong viewpoints...they are all just different. I think in some way we need to recognise that some of this (what some call) "snobby" attitude does go toward pushing...

It's entirely up to your own end game goal whether 10-15 years from now is too long or not. It isnt for me...but may be way too long for others. All i know is that in 10-15 years.....alot can happen to property prices. I get the vibe from your posts you think it may be irrelevant...

I regularly deal with people who bought a boring house for $150k 15-20 years ago and sell for $400- $450k these days. A Few of them are also on lower than the average wage. I dont look at IP as a short term play Nath

Does a first home buyer on an "average" $60k realistically expect to buy an above average priced home of $700k? I would say definitely not. But for a second home buyer who may have $300k in equity in his home earning $60k I would say Definitely :)

60 years is too long for me also....but i guess the reason i bring it up is because my question is.... how many times over that 60 year period has someone thought "property prices can never go higher than this"...and been proven otherwise. Nath

What about a 60 year scenario? :) land bought for $500...750sqm house built for $1000 total $1500 now worth....$700k where? Glen Waverley Melbourne OR a 35 year scenario House and land on 800sqm 3 doors from Moreton bay in Birkdale, Brisbane$12,500. Now worth....$700k...

I dont know about Quick...i know a little bit about slow and boring...but thats just me :) work out how many XXX value IP's that are producing an income for you you will need for that $150k income to come in and by what date you want this...then work backwards. decide whether you need/want...

Don't underestimate how much can change in a 5 year period.... A 10% increase in 5 years time on a well selected IP is pretty pessimistic...actually sounds ridiculously low. If selected well, I reckon there are opportunities around right now to pick up property that will give you that back...

The end game...its up to the individual to decide on thier own destination and how to get there....THIS is the hardest part! All i know from my own dabblings in property over a relatively short 8 years...is that property "can" be a low risk, boring and predictable (in hindsight :)) asset...

X2 :) I know of freinds/colleagues who are socking all thier extra money into the mortgage to try and pay it off in 7-10 years...to then be debt free, there is nothing wrong with that......IF they can be disciplined and pay more than what is required into thier mortgage! We have enough...