Reading Time: 4 Minutes What’s up guys! Now look, normally here at The Frugal Samurai, I try and sit on the fence as much as I can when it comes to opinions. I mean, who doesn’t love a good fence sit? The fine poise, the delicacy, the balance – a skill I tells ya. But when yours truly read the following article, I really felt I had to say something, ANYTHING. Because I felt it was misleading at best and downright dangerous at worst. What article? The one here: https://www.realestate.com.au/news/average-home-prices-will-hit-7-million-by-2030-in-some-sydney-regions-if-growth-trends-continue/ What’s it about? In essence: “Economic modelling has revealed home buyers could be paying prices of up to $7.5 million, on…
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DIY or Hiring a Property Manager: Which Is Better?
Reading Time: 3 Minutes What’s up guys! Hope we all had a great week, it’s NOVEMBER people! Wow, 2019 is absolutely FLYING right? How’s it coming along for you? Sadly I haven’t quite achieved my two main goals yet… (sad face). But don’t worry, there’s a couple more months left, let’s hustle hustle! Today’s post is a shorter edit of an article I wrote for an Australian Property Magazine named Your Investment Property. The magazine is about… um, investment… properties. The article is based on some of the things to look out for with managing your own properties versus hiring someone to do it for you, hope you enjoy! ~~~ Earning…
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Case Study – $1.1m to Invest, Now What? Part 2
Reading Time: 4 Minutes Welcome back folks! Are you ready for part 2 of the case study? In which we answer a question MrsFrugalSamurai sent me: “Have $AU 1.1m to invest (recent inheritance) + $150k savings Current situation: Late 20’s income $100k, partner earns $100k No kids, no assets, no debt Aim is to be a homeowner and financially independent at some stage. How would others split it between: PPOR (principal place of residence, i.e. primary residence) buy outright or deposit + mortgage Investment property Low cost index/ETF/Super Others?” If you missed part 1, or want a refresher – don’t fret, have a quick read of it here. Actually… you…
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Case Study – $1.1m to Invest, Now What? Part 1
Reading Time: 5 Minutes Wow what a day guys! Glad to see the end of it that’s for SURE. And you know what really capped it off? Yours truly somehow managed to step straight into doggy doo doo. Now normally I don’t mind a bit of dog poo, it’s a sign of vitality duncha know. Usually it sits there, quietly contemplating life and minding its own business. I respect that, it’s comfortable with the world. Unfortunately, JUST like asbestos… it’s deadly once disturbed. Man alive, I only found out AFTER I got back in the car. Driving down the main road during peak hour, suddenly I felt the peculiar need…
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How Does Sentiment Affect Real Estate Prices?
Reading Time: 3 Minutes ARGH!!! “Shakes head vigorously” Brrr, bloody real estate. Really doing my head in. You see guys, I’ve got too much choice available at the moment. After our latest hunting trip back from the West Coast, I’ve drawn up about a dozen or so properties which I aim to make offers on. Mind you, not to acquire a dozen, I reckon one, hopefully two max. The problem at the moment is that with choice, I don’t really know where to begin. It doesn’t help that the bargain hunter in me is wanting to low ball the Baby Jeebers out of any deal… In fact, I’ve already blown…
