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"Re: Free the Worms Part 2, a newcomers response"
Reply: 1.1.3.5.1.2.2.1.1.1
From: Bruce Sutherland
Wow, another engrossing read on this damn forum. Also, great post Paul.
As another newcomer I’m prepared to have a go at explaining where I think I am/we are going (I’ve got the family responsibilities for this one
To start off I’ll explain our situation: we don’t own anything apart from our own property, however our house is situated on a large block (that can easily accommodate another dwelling) & we live in an area where there has been wonderful capital growth over the 6-7 yrs we’ve been here, so we have good equity.
I/we’ve begun researching a smallish cluster of local beachside & adjoining suburbs that ranges from top of the wasser to pretty basic blue collar sort of areas. The vast majority of the housing is less than 10-15yrs old apart from a portion of one suburb that’s older, really varied & coastal.
Now we’re 3-6mths away from getting into this but I reckon we have to try to embrace both strategies: firstly, I’m really confidant about getting long term growth & the possibility of further development from the older area that I mentioned. Secondly, to pay some bills and try to ensure that we can stay in & work the game to our benefit I believe that we’ve got to look to the adjoining poorer areas to aim for something that if not positive now will be asap.
Our income isn’t great so I really think we’re going to have to balance a hopefully strong capital growth –ve with 1 or 2 +ves (sort of, roughly, I hope etc, etc) before we’re likely to get back in for another bite at some good cap growth.
Another part of this is that as newbies we really have to dot a few Is & cross a few Ts and just get into the game without too much bulltwang. Obviously there are a number of strategies that tickle the fancy but from my staid ole point of view I can’t see past building a good, strong foundation before we get into too much embellishment.
BTW, one point I wouldn’t mind having clarified is why some people (Ian in this thread) insist on copying a post without adding to it. Ian, if you have added to it significantly I was that overwhelmed with all the reading that I missed your additions, therefore I apologise, but, I make the point that that format – huge copies – lends itself to skimming.
Cheers
Another Bruce
Reply: 1.1.3.5.1.2.2.1.1.1
From: Bruce Sutherland
Wow, another engrossing read on this damn forum. Also, great post Paul.
As another newcomer I’m prepared to have a go at explaining where I think I am/we are going (I’ve got the family responsibilities for this one
To start off I’ll explain our situation: we don’t own anything apart from our own property, however our house is situated on a large block (that can easily accommodate another dwelling) & we live in an area where there has been wonderful capital growth over the 6-7 yrs we’ve been here, so we have good equity.
I/we’ve begun researching a smallish cluster of local beachside & adjoining suburbs that ranges from top of the wasser to pretty basic blue collar sort of areas. The vast majority of the housing is less than 10-15yrs old apart from a portion of one suburb that’s older, really varied & coastal.
Now we’re 3-6mths away from getting into this but I reckon we have to try to embrace both strategies: firstly, I’m really confidant about getting long term growth & the possibility of further development from the older area that I mentioned. Secondly, to pay some bills and try to ensure that we can stay in & work the game to our benefit I believe that we’ve got to look to the adjoining poorer areas to aim for something that if not positive now will be asap.
Our income isn’t great so I really think we’re going to have to balance a hopefully strong capital growth –ve with 1 or 2 +ves (sort of, roughly, I hope etc, etc) before we’re likely to get back in for another bite at some good cap growth.
Another part of this is that as newbies we really have to dot a few Is & cross a few Ts and just get into the game without too much bulltwang. Obviously there are a number of strategies that tickle the fancy but from my staid ole point of view I can’t see past building a good, strong foundation before we get into too much embellishment.
BTW, one point I wouldn’t mind having clarified is why some people (Ian in this thread) insist on copying a post without adding to it. Ian, if you have added to it significantly I was that overwhelmed with all the reading that I missed your additions, therefore I apologise, but, I make the point that that format – huge copies – lends itself to skimming.
Cheers
Another Bruce
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