I was sitting around at home the other day thinking of all the properties that I and my wife and I have bought, sold, renovated, developed and held over 32 years since buying my first block of land at - 24 The Loop, Edgewater (WA) around 1978/9. I wish we still owned every one of them ...
In thirty odd years of buying property The most expensive purchase was for a property we recently purchased in Goulburn that settled last week. We only paid $245,000. Yes folks that is our most expensive purchase to date.
I did a rough tally of properties from over the years that I/we have bought (I'm sure I've missed a few, but you get the idea) :
Edgewater WA (land) - $15,000
Embleton WA (house 1/3 share)
Subiaco (house) - $50,000
Kingsley WA (house & land) - $55,000
Wungong WA (house/5 acres)
Myaree WA (house) - $30,000
Belmont WA (unit) - $62,000
Bridgetown WA (house/2 acres) - $80,000
Macarthur ACT (house) - $110,000
Queanbeyan (unit) - $109,000
Queanbeyan (unit) - $160,000
Mystery Bay NSW (house/land/owner build)
Narooma NSW (townhouse)
Elizabeth Vale SA (house) - $189,000
Elizabeth South (house) - $101,000
Melton Vic (house) - $160,000
Melton Vic (house) - $185,000
Redbank Plains Qld (house/development) - $218,000
Redbank Plains Qld (new house dual occupancy build) - $202,000
Goodna Qld (house) - $235,000
Goulburn NSW (business/residence) - $245,000
I find it interesting that in today's constant bombardment in the media regarding unaffordable housing and mortgage stress that affordable housing is still available, but rarely highlighted. Most of the properties we've bought over the years were not in the CBD of a major city or in inner city locations, but they were affordable and within our budget.
We tended to buy locally as there were no books, magazines or internet to teach us about property investing, ... we just loved property and thought buying more was a good idea. We drove the streets in suburbs we liked or read the "property for sale" section in the newspapers and saved like mad to save the deposit for the next house, ... I'm pretty sure it was 30% back then and it was hard work getting the bank to approve more than one house loan and interest rates were pretty high compared to today.
A Queensland sparky told me a couple of weeks ago when I was renovating one of our properties that his dad told him never to sell your first property, ...... I thought this was a great piece of advice, I wish someone had told me this back then and I was smart enough to have listened ...
Anyway .... I just thought that it might make for an interesting discussion.
Mystery
In thirty odd years of buying property The most expensive purchase was for a property we recently purchased in Goulburn that settled last week. We only paid $245,000. Yes folks that is our most expensive purchase to date.
I did a rough tally of properties from over the years that I/we have bought (I'm sure I've missed a few, but you get the idea) :
Edgewater WA (land) - $15,000
Embleton WA (house 1/3 share)
Subiaco (house) - $50,000
Kingsley WA (house & land) - $55,000
Wungong WA (house/5 acres)
Myaree WA (house) - $30,000
Belmont WA (unit) - $62,000
Bridgetown WA (house/2 acres) - $80,000
Macarthur ACT (house) - $110,000
Queanbeyan (unit) - $109,000
Queanbeyan (unit) - $160,000
Mystery Bay NSW (house/land/owner build)
Narooma NSW (townhouse)
Elizabeth Vale SA (house) - $189,000
Elizabeth South (house) - $101,000
Melton Vic (house) - $160,000
Melton Vic (house) - $185,000
Redbank Plains Qld (house/development) - $218,000
Redbank Plains Qld (new house dual occupancy build) - $202,000
Goodna Qld (house) - $235,000
Goulburn NSW (business/residence) - $245,000
I find it interesting that in today's constant bombardment in the media regarding unaffordable housing and mortgage stress that affordable housing is still available, but rarely highlighted. Most of the properties we've bought over the years were not in the CBD of a major city or in inner city locations, but they were affordable and within our budget.
We tended to buy locally as there were no books, magazines or internet to teach us about property investing, ... we just loved property and thought buying more was a good idea. We drove the streets in suburbs we liked or read the "property for sale" section in the newspapers and saved like mad to save the deposit for the next house, ... I'm pretty sure it was 30% back then and it was hard work getting the bank to approve more than one house loan and interest rates were pretty high compared to today.
A Queensland sparky told me a couple of weeks ago when I was renovating one of our properties that his dad told him never to sell your first property, ...... I thought this was a great piece of advice, I wish someone had told me this back then and I was smart enough to have listened ...
Anyway .... I just thought that it might make for an interesting discussion.
Mystery