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Hello. Im wondering if anyone has or knows the figures to give me an idea of what proportion of the population and/or investors own 1, 2, 3, 5 or more residential investment properties? I've seen it touted around at various seminars over the years and remember it being very very low with each consecutive purchase.
I've contacted the ABS & REIA and both say they dont collect this type data. So where these seminars come up with a figure is a mystery.
People whose main expected source of income at retirement was 'own unincorporated business income', 'rental property income', 'dividends or interest', or 'superannuation, an annuity or allocated pension' were also asked to estimate how long they expected to be self-funding after they gave up all paid work. Close to half (44%) of those who reported their expected main source of income at retirement to be from 'superannuation, an annuity, or an allocated pension' estimated that they will be self-funding for life.
say dazz ... haven't they called you yet to plug that hole in the oil rig off new mexico (or somewhere)?
Here's a couple of links I found on SS
One was a thread that a $uper Investor had started in 2006:
http://www.somersoft.com/forums/showthread.php?t=24080
And another from further back around 2003.
http://www.somersoft.com/forums/showthread.php?t=6776
There may be some links still active in there that may assist. I haven't read thru all the posts, though.........thought I'd leave that to the opening poster.
Hope there's something useful in there
say dazz ... haven't they called you yet to plug that hole in the oil rig off new mexico (or somewhere)?
It must be a low proportion. I'm talking to mortgage brokers at the moment. They ask about other properties besides the land we are going to build on. Once you've got to property #1 the questions stop and you have to go "uh, and then there's that OTHER house we have" ... pft.
I think Rob (Rob Williams) had posted some data a couple of years ago. I could not find it.
*snigger* oh its you who fixes those? My other house has shocking caltrop and I was always getting wheelbarrow punctures. Gave up fixing them pretty fast.They're the ones who come into our place on a Sat morning to get their wheelbarrow punctures fixed.