Goldbugs... what will you do with your gold? What's the point of holding gold?; Will you eventually convert it into real money, or just hoard it for ever?
Oh, so now you want to put stipulation on location - high yield on its own not good enough When I produce them, what then? Don't like the colour of the gutters? - don't like the suburb? - To many trees in the park over the road?
They are out there, you just need to look 5 seconds of googling found records on a property with 14% yield in Sydney sold in July 2013
Ah Frank, you're making me laugh here, sorry if I'm being to demanding, but yes, suburb is important, it needs to be in a good location and have a strong yield
In good locations yields are shite, in shite locations yields are good...its a loose loose situation
Am I right? Or are you going to post up a good example, spare me the "5 seconds", because I've looked, and I'm struggling... Preferably around Perth if you can because its a market I'm familiar with.
If you can, i'll give you the hat tip you deserve and I'll also ignore the fact that you ignored my questions on Syria.
Each to their own, but I would much rather own an asset that continues to put money into my pocket rather than just sitting there doing nothing.
For me, holding assets that don't yield anything is a losing strategy. I only buy assets I'd be happy to hold for decades or forever.
I can see your point, and if it was 1990 I would agree. But going into debt to buy assets at this point in time seems far too risky for me. Gold has done very well over the last 4 years and my principle seems quite safe now. I will stick with gold, at least until I see some stability in the global economy.
conork
9 Sep 2013, 04:04 PM
sorry if I'm being to demanding, but yes, suburb is important, it needs to be in a good location and have a strong yield
Frank has limited knowledge outside of his own area, all his investments are in Rockhampton. That's the little town that floods every decade. I assume yields up there must be ok, as long as you can find one without dried mud in the walls.
Ah Frank, you're making me laugh here, sorry if I'm being to demanding, but yes, suburb is important, it needs to be in a good location and have a strong yield
In good locations yields are shite, in shite locations yields are good...its a loose loose situation
Laugh all you like, the simple fact that you cant do your own homework and need someone smarter to do it for you shows us that you are a bit lacking in the upstairs department
I wont do all of it for you but try looking at 33 Angelo Street Burwood in Sydney. That area has a median of over a mill.
Thats proof right there that good yield IS available in good areas if you are prepared to hunt and be creative.
goldbug
9 Sep 2013, 04:22 PM
Some shit from the forum fucktard
I see you are talking about things you know absolutely nothing about yet again
To save you wasting everyones time yet again, may I remind you of this thread where you and your idiot mates had your arse's handed to you on a plate with a side of FAIL. http://australianpropertyforum.com/topic/9948055/1/
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Laugh all you like, the simple fact that you cant do your own homework and need someone smarter to do it for you shows us that you are a bit lacking in the upstairs department
I wont do all of it for you but try looking at 33 Angelo Street Burwood in Sydney. That area has a median of over a mill.
Thats proof right there that good yield IS available in good areas if you are prepared to hunt and be creative. I see you are talking about things you know absolutely nothing about yet again
To save you wasting everyones time yet again, may I remind you of this thread where you and your idiot mates had your arse's handed to you on a plate with a side of FAIL. http://australianpropertyforum.com/topic/9948055/1/
Frank,
33 Angelo Street Burwood is a guesthouse, did you actually just tell me to google a guesthouse?? I can honestly say I wouldn't be confident getting involved in a guesthouse, that requires hiring of staff. I haven't crunched the numbers on a guesthouse, however I have done the maths and have plenty of experience on apartments and houses.
So Frank, an apartment or house in a decent area with good yields in a good location... can you post up a link please?
Look mate, I don't want to argue, nor do I want to insult anyones intelligence, I've done my homework and can honestly say I cant find any with attractive yields
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
It has high yields Now you want to change the parameters yet again? Like I said earlier, what next, dont like the colour of the gutters?
Because you refuse top look outside of that incredibly tiny box Therefore, you havent really done your homework
Yet you speculate on gold with zero yield Interesting.
Frank,
The reason I have a "tiny box" is because only an amateur would invest outside these parameters, that's the harsh reality. Believe me, if you invest heavily in a bad location, you have a massive potential to get burnt, not tomorrow, but down the line.
I've defended my case, you ignore my questions and I've done my homework.
The best you can do is tell me to look at a guesthouse that sold for over 3million and tell me I need to be "creative".
I don't get emotional about these things anymore, I hope your investments allow you to enjoy an early retirement, I sincerely do, but I won't part with my earnings to invest in something I don't see value in.
I guess yes, I do speculate in gold, but I have asked you what your thoughts on a war are and you ignored me, you have ignored my requests for an investment property in a good location with a good yield. The house can be pink for all I care, as long as my capital is secure.
Would be be fair to say, it is unlikely to get a decent yield in an apartment or house in either Sydney or Perth? And that investing in these areas would require negative gearing?
The reason I have a "tiny box" is because only an amateur would invest outside these parameters, that's the harsh reality. Believe me, if you invest heavily in a bad location, you have a massive potential to get burnt, not tomorrow, but down the line.
You have your box, I have my box, Frank has his box.
There are good returns to be made in most of the boxes, and we do well to stay inside our particular areas of expertise, or at least get expertise in new areas before going into them.
Personally I don't in general do detached houses or regional areas, and I stay right away from short-stay accommodation or anything where someone holds management rights. Does it mean there aren't good opportunities outside my parameters? Of course not.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
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