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Why do you assume that he could not live off of this? From what I know of Nathan, he invests in places with a higher than average yeild. Sitting on gearing of around 50%, he is in a very healthy cashflow position and I would presume that flipping and reno's are just gravy. :cool:

Sure I can. Property falls = I buy more property = I'm happy. Rents go up = I buy more property = I'm happy. In case you don't know it, rental prices work on supply & demand. If there is a larger demand for property than there is supply, rental prices go up. Rents are not going to...

With all due respect, why do you assume that my friends are located in Mt Druitt. This lady is not a little old lady & she is not from Mt Druitt. The point I am trying to make is that this lady is an average person on the street. Some pay no attention to the headlines, Some listen but form...

See, now that is where I dissagree. You have people like Professor Keen scaring people. For instance, just the other day I overheard 2 Mum's discussing the state of the ecconomy. No offence to either of them, they are both nice people & friends of mine, but neither of them have any...

Mate, looks like you're the touchy one. You are, after all, the one declaring that I have a vested interest in either Nathan's situation (I have no idea how you got that notion), or Western Sydney as a whole. Personally I really don't care one way or another what your views are, I'm just going...

I agree, however if you read Nathan's posts you will find that he doesn't have all his property in the one area. How have I got a vested interest? I'm not a real estate agent. I'm not trying to sell down my own portfolio in the area. Sure I do have properties in the area, but I have over...

I don't think you need to be unduly concerned for Nathan. I know the area he invests in very well, as it is also my stomping ground. Some of the houses may be listed and selling at 220k, but he is not buying those ones. While not knowing the intimates of his financial position, I would say...

Nathan, you are doing a great job. Keep up the good work.