Recent content by MichaelWhyte

Here's John Edwards report on the latest stats: NSW leads the way Happy days, though we're not out of the woods just yet. Cheers, Michael

Still, I'm happy investing in an asset class where all I need is 1% growth to be in the black after all costs are covered... Particularly given the potential for significantly more than this given basic demand/supply economics. In the postcode I'm invested in over 80% of properties are owned...

Hi Guys, Just put the rent up on my IP by $100 from $550 to $650pw. Not much more to add really. Just an 18% increase from where it has been for the last 6 months. I'll probably go again in 6 months time too. She's almost neutral now, and if rates come off a bit she will be. I think I...

Tell me about it! I'm also a developer over here on the East Side, and my latest acquisition is a 700m2 block in the heart of Mona Vale on Sydney's Northern Beaches. I paid $690K for it with an old house on it in Sep 2006 during all the doom and gloom. It was originally listed for $770K but I...

MBIA closed some 50%+ up from memory that I spotted on Bloomberg this morning before heading in to the office. Ambac similar rally. And the timing of the announcement seemed to coincide with the late rally across financials. The market seems to have absorbed the announcement as fact that...

That's my thinking too. I bit the bullet and sold the lot today and crystalised a loss of $120K odd. But it still leaves me some $200K spare in the LOC after the margin loan is paid down and the equity freed. My pride took a hammering, but it seems fundamentals don't count for squat at the...

Re: XAO Analysis Yep, currently sitting on $150K paper losses. Been feeding the margin calls for a week now. So far thrown $50K good money after bad. Bought up big on fundamentals, BHP, NAB etc. The pain is starting to get to the point that tomorrow looks like my exit day. Sell down the...

Guys, Thought I better point something out here which seems to be recurring and off the mark. It doesn't matter what you use as security, its the "end use" of the money that determines its deductibility or not. So, in my case, my principal place of residence (PPOR) is the security on my...

Guys, Do both, I did! I had $400K in equity in my house which I pulled out with an LOC. I then put $300K of it up and leveraged it with LE for another $300K to put into the market. So, I've got $600K in there working for me and $100K sitting on the sidelines spare in the LOC still. My...

Jesse, A big achievement in my mind is when you finally press your body weight. Given we're all different sizes this is a good leveller of performance. I got there a month back: Age: 35 Weight: 69kg Height: 168cm (5'6") Bench: 70kg (barbell, don't press dumbells) I've only started...

tech/a, Hope your wrong on those generation predictions. I'm a Gen Xer (35) and already have $1M net worth. Through the next property boom I'll be leveraging a large portion of that at 20% down on growth IPs and riding the wave. For now I'm in stock as most of the mums and pops haven't...

No longer correct. I was at a presentation by Michael Yardney of Metropole Properties last month where he presented the latest ABS stats on population which showed that about 5 years ago the Gen Xers actually crossed the line and now outnumber the Baby Boomers. Mind you, I think the model he...