So is some of your Ips located in flood prone areas or not ..is it known to flood?
Yes - just like parts of the Brisbane CBD, New farm, Bulimba, Tennyson, South Brisbane, Hamilton, Hawthorn, Milton, St Lucia etc etc etc in fact a lot of Brisbanes most expensive real estate does flood and is known to flood. Most of it a hell of a lot worse than Rockhampton has ever experienced - Like I said, my property has never had its living areas affected. http://www.couriermail.com.au/news/queensland/brisbane-city-council-releases-flood-maps/story-e6freoof-1226563051122
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Because if it is surely you would have issues with some insurers not covering the flooding stuff?
No shit - but there are others who have no issue at all Westpac for example - from their PDS
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One insurers if you read their PDS carefully don't cover floods.
Oh I am sure there are more than one
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The forum fucktard says
And if you were paying insurance, it would be minimum $5,000 a year as many insurance companies no longer Insure property at depot hill and the ones that do charge anything from around $5,000-$8,000 to Insure properties values around 100k.
Strange that in 2013 my premiums on $300k houses (cost me >$120k) in flood were... Proof positive that you are lying through your arse and totally clueless - but we all knew that anyway
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Nail on the head mate. I remember people telling me in 2011 that perth was doomed and they were holding out. They held out in 2012, they held out in 2013....
Perth houses went up atleast $60k in that time. Great call retards.
Hence why Perth preperty will allways eventually go up.
In ten years times, people will be wishing they bought at todays prices. Just like they have for last 5 decades, even when interest rates were at a staggering 18%. EDIT: FOR 1 YEAR.
So now it's " Property always Eventually" goes up? What happened to property "always" goes up. I will tell you, it stopped going up, 7 years ago at the GFC. And for 7 years property speculators have been arguing that point, with every new bounce.
In ten years time... I have been hearing that for 7 now, and I'm very glad I didn't fall for the scam back then. The time to buy investment property, or even property as a home, is a long way off yet. And before that happens a few hundreds of thousand Australian speculators are going to be forced to put their excess houses on the market. This global bear market is far from over, I just have to remember what my parents told me about property in the last big correction. It was a loser, with a Capital L.
Here is the property chart house speculators never saw. And can't explain. I can explain it. Property isn't a free ride to riches, and if you buy at the wrong time, the last 10 years, it's a road to ruin!
Or leave it as an inheritance. The trick is to get yourself in a position where you can live off the income. Thereby not eating into "your total wealth". Living in the shittiest property I own in the shittiest suburb, whilst renting out the 'better' ones suits me just fine. (Though sure, each to their own.) If Frank's bought sensibly in Rocky flood areas, he'll just maybe have bought high set old joints(?) that aren't built in underneath where the flood waters simply don't affect the home and contents, but merely flow underneath the joint. Not my cup of tea. But a mate of my old man's reckoned it was the go - You saved a shite load of loot on the purchase price that way. And didn't get greatly inconvenienced by it too often - Was his argument. (Again, a matter of each to his own perhaps?)
Herby you got it sorted.
So many people just don't get the program.
They spend their capital and then wonder why they don't have any, then get pissed off with people that do.
Peter
Frank Castle
17 Oct 2014, 06:19 PM
That wankers a lying fucktard herbie, I don't know why you bother. All of my properties are insured, with flood cover, but like you said those few in depot hill are high set so it has been nothing that a hose out under by the fire brigade doesn't fix and that has been twice in ten years - a few hours of inconvenience.
The property I was talking about in my earlier post was my ppor here in Brisbane, but the forum fucktard was to stupid to figure that out.
Have you ever been flooded??
I would like to know what your "new" premium will be after a total flood loss.
I would like to know what your "new" premium will be after a total flood loss.
Peter
All the information has been dissected again and again - so often infact that I did a pic to save me typing it out every time Short answer yes, there has been water on the land several times since I have owned it and several feet more water was needed before it reached the floorboards and electricals. Insurance premiums have never changed any more than they do on any other property
In the history of Rockhampton no flood has ever been high enough to enter living areas on these properties.
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
It should be SOME not one insurers if you read their PDS don't cover floods.
So, you have insurance covered for floods on your IPs . The rental income is still coming in .
So What's the problem?
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$ It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do. Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
Nope. It is my personal intention to downgrade to an even shittier property. As doing so will make it just a bit more feasible that I'll be able to live off the income from my assets. And thereby leave a more sizeable inheritance to my heirs. (But that's just me personally; And each to their own as I said.)
Really? Have you talked to anyone about these masochistic tendencies? Shit mate, why not just live out your days in the back of a car!
You earned it Herbie. Live a little.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Really? Have you talked to anyone about these masochistic tendencies? Shit mate, why not just live out your days in the back of a car!
You earned it Herbie. Live a little.
I'm not a Christian. Irrespective, one of their historical sayings I give considerable weight to in my own life I suppose is 1 Timothy 5:8 (King James Version) :
"But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel."
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