Reading Time: 5 Minutes Howdy boys and girls! Me again. Let’s dive straight in and plug on with part 4 of our latest real estate purchase (read Part 1, Part 2 and Part 3 here). Last time I disclosed that we bought Property 3 for a surprising offer of $210,000 against an asking price of $298,000. Let’s take a look at the pros and cons for this one… and you decide whether it’s a good buy or not! Pros So um… where to start? I guess from the beginning! In Part 1, I stated that the property was listed for $298,000, however 1 bedroom units in the same complex were asking…
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2019 Sydney Property Outlook Part 1
Reading Time: 4 Minutes Hi guys! How’s everyone coming along, we all having a good week? Bit of a mad rush for meself to be honest. Lets out a BIG gulp of air – wheeeew. I think it’s got something to do with Xmas just around the corner, damnit if I ain’t looking forward to some quality R&R. Despite all this, it’s hard to not feel a bit of Christmas Cheer, you can see it in the faces of strangers everywhere you go. Tell you what ain’t so cheery though, something which is hammered again and again with increasing frequency by the media… …The Sydney housing market of course! We’ve…
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7 Thoughts on How to Approach FIRE (Part 3)
“Heigh Ho, Heigh Ho, it’s off to work we…” Oh Greetings there! How are you? Welcome, welcome to my humble abode – where we discuss all things finance and how it relates to YOU. Points finger in your direction. Please, please step inside from the cold. Opens the front door to reveal a warm and welcoming fire burning in the sitting room. I know, it’s freezing outside isn’t it? But don’t worry – we’re in the worst of it now, it will be over soon. Hmmm, that reminds me on the topic in which we are discussing today, “7 Thoughts on How to Approach FIRE”. Now mind you, I’ve already…
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Investing in Real Estate 107A (a House or an Apartment)?
“Our house, in the middle of our street Our house, in the middle of our” Oh, it’s you again – how’s it going! HAY quick question: how much wood can a wood chuck chu… oops, sorry wrong blog, let me start again… How much does it cost to purchase an average house in Sydney? The answer is… a little over $1,000,000. So how much does it cost to purchase an average apartment in Sydney? About $761,000… Holy smokes that’s a fair amount of change. No wonder Sydney is one of the most expensive cities in the world (read here, here and here). But it’s at those levels because someone is…
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Investing in Real Estate 102 (Mindset and More)
HEY news flash guys – did you know big circles are really hard to fit inside small rectangles? After 2 hours of trying, MrsFrugalSamurai-to-be and I know now. Yep, that’s the scenario that confronted her and I when one of her good friends’ generously offered a barely-used dining table to us. With hindsight, I should have figured out something was slightly amiss when she said that the table was a “demountable”. The only experience I’ve had with demountables are mobile classrooms and other really really big structures that can fit whole adults inside them. I tried to quiz MrsFrugalSamurai-to-be on how big the table was BEFORE we left to pick…
