Reading Time: 4 minutes Hi guys! How are we all going? Been a full on week so far – spent the last couple of days out with some clients in the Greater Western Sydney areas. They were showing me their development and residential building sites all across the Western corridor. Currently there’s nothing there except barren land, as far as the eye can see – but one day in the medium term, it’ll come good. They were incredibly bullish on the prospects of their sites, ranging from a few acres to dozens of hectares – but hey, that’s property developers right! So bullish in fact, they were projecting 20%+ development…
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The Evolving Great Australian Dream
Reading Time: 6 minutes Ah yes, the Great Australian Dream. What is it you ask? Well, since the beginning of time, us Aussies – we’ve got this fascination, no, not the right word, this need of owning our own home. The insatiable desire for the quarter acre block and a piece of land we can call our own. I’ve discussed it previously in some of the earlier blog posts (here and here) regarding our attitude to real estate. Not only does the property market provide housing to all of us – it is also an enormous asset class which dominates the media airwaves and creates a huge number of jobs. Which…
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7 Thoughts on How to Approach FIRE (Final Part)
*This is a longer post but well worth it in my humble opinion. Allow 8-10 minutes. 女士们, 先生们 你们好! Welcome back to another edition offfffff… “THE FRUGAL SAMURAI!” Cue drums, and music and elephants and dancers and other wild shit. I hope you all have been loving life the way it should be loved since we met last. What a difference a couple of days make eh – here in Australia, we’ve past an annual milestone date of 30th June – the New Year’s Eve for accountants. Yes that’s right – accountants around the nation were rejoicing and singing Auld Lang Syne under the mistletoe last night. But not you…
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4 Things to Consider Before Buying Your “Dream” Home!
“Oh please! Please, at least take a look!” “No! We can’t afford it, move on.” “Come on! We can – it’s not that much, we can do it!” “How much is it again?” “Listed for $1.3m, but think about the space for the kids and it’ll be a place to call home.” “Hmm… what’s the address again?” …. So went the conversation I overheard at lunch today between a young professional couple. You could see it in their eyes really. Hers was fixated and pleading, stubbornly refusing to let go. His was unsure and trapped, not wanting to disappoint yet knowing deep down the truth… fear. They were of course,…
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Investing in Real Estate 108 (Vacancies)
“…If you would like to leave a message, please do so after the tone… BEEP” “Hi The Frugal Samurai, it’s Kay here – listen I’ve got some bad news, the tenants in your property at 123 Slightly-Above-Average-Investment Drive have given notice to vacate, they’ll be gone in 4 weeks. Oh and the other tenants at 456 Cash-Flow-Drain-But-I-Can’t-Sell-Because-Of-The-Growth Street have also advised they won’t be taking up their lease when it expires in July… Goodbye” FFFFFF! Goodbye to you too Kay you FFFFFFFffffff! Joking joking, love you Kay, tier 1 property manager she is. What’s up dudes and dudettes! As you can see – not the most ideal time for yours…
