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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Our Latest Buy (Part 2)
Reading Time: 4 Minutes OK boys and girls, we are back! Back for the continuation of our most recent real estate purchase. If you missed part 1, don’t fret! Have a read of it here. Basically, after zipping around the Greater Perth area for the best part of a long weekend, we’ve narrowed the shortlist down to the FINAL FOUR. Ironically none were detached houses, which is a shame because I was on the look-out for somewhere with a bit of land. As we all know, it’s land which appreciates in value and the building which depreciates – hence anything with good land content and value, usually receives a big…
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Regret, I’ve had a few
Reading Time: 3 Minutes What’s up everyone! Hope we’re all having an AWESOME weekend. What’d you guys get up to? Man, tell you what, I am so glad this heatwave in Sydney has passed. It got so hot sometimes that I actually couldn’t function as a human being… I think that’s when you know you need a time-out. When self-immolation turns from an interesting Wikipedia article into reality. I was reading in the news that mid-week, the 15… yes FIFTEEN hottest places on the planet were in Australia… Love it. And so I came to find myself on Friday afternoon in the local Westfields (shopping centre) having a spot of…
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Global Total Returns 2018 (vs 2017)
Reading Time: 2 Minutes What’s up everyone! Found this little beauty off the inter-webs, a good visual summary of where global markets ended for 2018… as you can see, unless you were invested in Qatar (standout), Peru or Russia, you would have been better to stash your cash under the mattress. Oh, and same goes for the defensive sectors of Healthcare and Utilities! Just goes to show that investing can be painful – the stock market doesn’t always go up! Interesting to note the performance compared with 2017, which was a phenomenal year to be invested. So what’s ahead for 2019 then? If I had a dollar every time someone…
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Wealth Creation Zones (and a Crazy Neighbour Story)
Reading Time: 4 Minutes Hey guys! How y’all doing! And how’s those new year resolutions coming along? Keep going! I’ve added a new one to our list – we have to find a new place to live. Pronto. Not by choice you see, but because we have this crazy neighbour next door who has been causing malicious property damage on our apartment level. The guy thought it was a good idea to start hammering and drilling through the tiles and walls of our common area in the wee hours of the morning. Apparently he’s always been a bit unstable but it’s only in the last couple of weeks where his…
