What's your story

property over the last 3 years been a great vehicle to make money, moving forward may be a different, who knows?

What has been your story over the last 3 years? did you have some great gains?

 

3 years ago was late 2012 and would've been a bit after bottom of market but before it took off.

Had interesting buy in late 2012, a few more in 2013 and just one in 2014. Turned out to be fortuitous timing. The best buys were probably the late 2012 one and early 2013 ones.

Have since cashed out of some 09/10 buys these 2 months and hoping to let go 1-2 more shortly.

 

2012 was a tough year and almost had to sell a Sydney property. Worked hard at the plan A and plan B to keep it and glad I did. Since then have pulled out massive equity from that 1 place alone.

Then the Mrs had the same challenge. Kept her top property as well. Good result.

Late 2014 buying ended us up diversified across 4 states but in hindsight wish I put a bit more into Sydney. My sanf was ok through as buying late 2014 in Sydney seemed a mugs risk and the low yields meant negative cash flow.. but then we saw another 20% top it off but could never have guessed that.. To buy for that final puff of the boom would have been pure speculation.

Sticking with strategy, happy in long term.

So in answer we've done very well thanks to severe grit in sticking with strategy through hard times and good times. It's earn t many times above our day jobs in paper money but it's not sustainable and just part of the cycle.
Now sit and wait for the 5-10% in Brisbane etc

 

Had great time ovet the past few years, all my Sydney IPs doubled values. PPOR bought in 2012, 60% growth. Bought several IPs in Brisbane this year ( bayside suburb, not the popular PC hotspots), awaiting hopefully good time ahead.

 

Building businesses for me.
Instant equity with no initial capital outlay.
Businesses are my favourite form of real estate next two properties

 

Great. Can you share where you purchased in Brissy?

Interesting times ahead I think??

IMO I feel that anyone who jumped in rising markets over the last 3 years did well, but now I suspect the game has changed, ie APRA etc and markets turning going to be tougher.

MTR

 

Do you mind letting us know which bayside suburbs?

 

I really like the 60% gains, love it when you get the timing right.

Did you sell anything?? Is your portfolio neutral, neg or cash flow positive if you don't mind sharing?

 

The last 3 years have been a consolidation period following on from the debacle that was "life is not all beer and skittles". Finally getting these houses off the ground and built. Construction only finished in June last year, and got tennants into them.
Purchased Blackminster.
Added 2 appartments in Moscow in what has truned out, so far, to be an ingenious currency play.

I focused on 1) increasing income, 2) reducing and clearing all non-deductable debt, 3) re-organising and setting up for my next wing spread and 4) currency plays.

Once Blackminster finance is signed off, Ill be looking to break out the cheque book again. It will just be a matter of what/where I buy.

Blacky

 

Interesting the currency play you mention?? can you elaborate on how this is working for you? what currency etc. etc.

Read both "Not all Beer and skittles", SS and
Blackminster -
I can learn a lot from what you have posted.

Cheers
MTR

 

Great thread MTR! Just last 3 yrs is more interesting than some peoples whole story. It's amazing seeing what some people can achieve.

3 years in summary form:
- Built PPOR in Perth
- Paid it down a bit and had it revalued higher. Perth was doing well then.
- Equity created allowed me to buy several cf+ IPs in Adelaide plus a development project
- The positive cashflow generated allowed me to quit my job in IT and return to what i do best - property management
- Met my partner on Somersoft
- Started my own business in SA from scratch. Doing well so far, but still early days.
- Now looking for next project - likely a run down PPOR in Adelaide we can renovate together.

 

Currency play - Ill start a seperate thread, so not to de-rail this one.

I hope that some people can learn from the posts. Thats the idea I guess. Not everything (esspecially in developing) is rosey.

Blacky

 

Wait...wait...wait... WHAT?

Sim - I think D.T's account has been hacked.

Dopplegangers we are my friend

 

Changed wording. Im not sure the right word to use these days?

 

• Paying down non-deductible debt (nearly debt free on PPOR).
• Education - completed post-grad property valuation course.
• Property Investment - refinanced PPOR and now have LoC for deposits + pre-approval for IP loan.
• General reading and strategising about property / personal development / finance / economics
• Focused research on preferred Brisbane suburbs and made a few offers.
• Networking and building relationships with agents in my preferred areas of interest.

Nothing purchased yet, but I'm making offers when I see the properties that interest me, so I feel like I'm making progress.

 

Theres got to be a good story there though!

I should have added that my partner is my accountant, but was partner first. Could say partner with benefits

 

We also bought a bayside. Manly.
Plus Meadowbrook, Slacks Creek, and Woodridge.

Yes had some equity gains already but used LMI so can't get them for now with APRA until they are bigger chunks below 80% LVR. Need to wait a few years and let things happen naturally. After 5 flat years something good has to happen eventually in a capital city like that with low interest rates.

APRA will affect those with large debt but maybe not the first home buyers and small scale buyers. It's good to stick to affordable properties nothing fancy.

 

Very interesting, who is your partner if you care to share.
This could be another thread.. who met on SS/PC, from Perth/SA?

 

Fringe benefits?

 

did not sell anything ATM. but will have to when upgrading PPOR in 2-3 yrs due to change with AHPRA. my whole portfolio is slightly negative, about $200/wk pre tax, would be less than $100-150/wk negative after depreciation and NG tax benefit.

Renovated one IP in Western Sydney, got nearly $200k CG (on the back of the moving market). heaps of equity release from Sydney IPs ( thanks to the help of one excellent broker from PC).