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End of a year, let's see how my OO and my IP went; How did yours go?
Topic Started: 1 Jan 2017, 12:21 PM (2,354 Views)
Hankook
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Happy new year ladies and gents.

How did your house and/or investments go for the year?

I live in the eastern suburbs of Melbourne where my house went up in value 9+%
Have one investment property in the eastern suburbs of Melbourne that went up 7+%

Post your results good or bad
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Hankook
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Hello? Anybody???....lol
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Bardon
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Not one single day vacancy across my rental portfolio for the year.
Edited by Bardon, 1 Jan 2017, 10:59 PM.
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Chris
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Bardon
1 Jan 2017, 10:58 PM
Not one single day vacancy across my rental portfolio for the year.
A broad question that was sharpened somewhat with percentages, your an idiot so I'll excuse the fact you posted something with little or no relevance. I'd also point out your list was meaningless, anyone can rent anything at a price, even your arse would be worth something to someone Bardon.

If your yield was lower than last year and you are technically going backwards then you've got nothing to be proud of, your whole existence would be dependent solely on capital gains. But I'm sure you'all come back with some figures that will show how amazing you are.

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lextsy
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http://www.smartpropertyinvestment.com.au/data/nsw/2099/cromer


Median 12 month 21.74%
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skamy
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Chris
1 Jan 2017, 11:16 PM
A broad question that was sharpened somewhat with percentages, your an idiot so I'll excuse the fact you posted something with little or no relevance. I'd also point out your list was meaningless, anyone can rent anything at a price, even your arse would be worth something to someone Bardon.

If your yield was lower than last year and you are technically going backwards then you've got nothing to be proud of, your whole existence would be dependent solely on capital gains. But I'm sure you'all come back with some figures that will show how amazing you are.
Now this is seriously where the bear do not understand property or even basic maths. The 70% of us who are paying down mortgages on property are now one year closer to outright ownership.

Like Bardon all my properties were rented all year so that means that my tenants have paid one year of a mortgage for me, even in Perth's lack lustre market this year I am still moving forward.

Property investment is long term Chris you will see times of rapid growth and times of stagnation and even dropping prices.

If you can afford to buy your own home it is always a bad idea to postpone based on the very low odds that the market will fall. Rent money is dead money, every year paying down a mortgage, even in a bad market, gets you one year closer to living rent and mortgage free. Every year of paying rent helps your landlord own a property outright sooner.

Dump the doomsters Chris and buy a place in the markets yet to recover, there is great buying still in Greece, Spain and Ireland not to mention Adelaide with Olympic dam back on the Agenda and Adelaide gets great rental yields as it is.

Look positively into the future and take a punt on the bright side, in my experience this is much more likely to grow your wealth that throwing rent away chasing the fantasy of a bargain basement priced home.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Sydneyite
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Ok I'll play - Here is how my financial position has changed since 01/Jan/2016:

* Net Cash and Direct Shares (held outside of super): +30%
* All Financial Assets (ie including above + super): +21%
* Total Net Worth (all above + PPOR and other assets): +14% - this is probably conservative as I really don't know the true value of my PPOR, so I use the low end of it's estimated value.

So it's been a good year for me and my family financially - I've certainly done worse in the past!
For Aussie property bears, "denial", is not just a long river in North Africa.....
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Terry
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Many people lie about their real situation and financial worth on social media, whether you're a suburbanite or celebrity. The fact that they even talk about it is usually a telltale sign.

http://www.wsj.com/articles/everybody-lies-on-social-mediajust-ask-bankruptcy-asset-hunters-1482767353
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Trollie
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Terry
2 Jan 2017, 01:00 PM
Many people lie about their real situation and financial worth on social media, whether you're a suburbanite or celebrity. The fact that they even talk about it is usually a telltale sign.<br /><br />http://www.wsj.com/articles/everybody-lies-on-social-mediajust-ask-bankruptcy-asset-hunters-1482767353<br />
Bad year for you was it roddy?
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Terry
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Trollie
2 Jan 2017, 01:01 PM
Bad year for you was it roddy?
Not about me Roddy. More about how the suburbanites talk about their wealth in public, which psychologists associate with insecurity and low self esteem. In the case of celebrities, it can often be associated with narcissism. In in some cases, it can be related to criminality.
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