Benny replied to the topic Investment properties just went negative cash flow, weather the storm or sell? in the forum Help Needed! 1 week, 2 days ago
Hi BB,
The “numbers” will likely confirm the way to go. Without knowing what you bought these for, my example below may be inaccurate, but use it to add YOUR numbers to see what works best.
Assuming your mortgages are IO, it sounds like a 3.35% increase, but the Interest paid would’ve DOUBLED, so a 100% cost increase. If P&I, it is the I…[Read more]
Benny replied to the topic Investment properties just went negative cash flow, weather the storm or sell? in the forum Help Needed! 1 week, 2 days ago
Hi BB,
The “numbers” will likely confirm the way to go. Without knowing what you bought these for, my example below may be inaccurate, but use it to add YOUR numbers to see what works best.
Assuming your mortgages are IO, it sounds like a 3.35% increase, but the Interest paid would’ve DOUBLED, so a 100% cost increase. If P&I, it is the I…[Read more]
Benny replied to the topic Question to Hebel Home Owners in the forum General Property 1 month, 1 week ago
Hi Highview,
I had a chat with Steve this morning – he came up with this link that may be of some use to you re Hebel problems:-
Benny
Benny replied to the topic Buying a house for cosmetic renovation in the forum Value Adding 2 months, 1 week ago
Hi John,
Train lines can be a drawback for some, but there are ways to ameliorate that issue. e.g. double glazing of windows facing the train line can help – a bit more expense of course. Also, high fences can help to deaden the noise. If these exist (and are wooden, concrete, or composite – not metal) then that could reduce the decibels an…[Read more]
Benny replied to the topic Buying a house for cosmetic renovation in the forum Value Adding 2 months, 1 week ago
Hi John, and/or Mongkoll,
Train lines can be a drawback for some, but there are ways to ameliorate that issue. e.g. double glazing of windows facing the train line can help – a bit more expense of course. Also, high fences can help to deaden the noise. If these exist (and are wooden, concrete, or composite – not metal) then that could re…[Read more]
Benny started the topic Tax bracket creep, and other interesting observations in the forum Forum Frolic 2 months, 1 week ago
With quite a lot of talk recently around “bracket creep” (Stage 3 Tax cuts etc) I decided to have a wee look at Bracket creep over time. One particular page https://atotaxrates.info/individual-tax-rates-resident/historical-pre-2010-tax-rates/ was useful in providing some earlier years’ Tax Rates.
As we do, I decided to record some of this for…[Read more]
Benny started the topic Tax bracket creep, and other gems !! in the forum Forum Frolic 2 months, 1 week ago
With quite a lot of talk recently around “bracket creep” (Stage 3 Tax cuts etc) I decided to have a wee look at Bracket creep over time. One particular page https://atotaxrates.info/individual-tax-rates-resident/historical-pre-2010-tax-rates/ was useful in providing some earlier years’ Tax Rates.
As we do, I decided to record some of this for…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 months, 3 weeks ago
Well hey, I am now hearing of 6 likely rate cuts starting early in 2024. Oh, wait – that is for the Federal Reserve – i.e. the USA. Did THEY go too far, too fast too? And was our RBA simply following their moves blindly? Hopefully not – but it looks a lot like they may have been…….
So what now? Are we really likely to have 6 x 0.25%…[Read more]
Benny replied to the topic Distribute Income from Trusts to minors? in the forum Legal & Accounting 2 months, 3 weeks ago
Hi DD81,
Did you hear back from your accountant yet? Were there some useful takeaways from other replies (i.e. vetted by your accountant of course).
In short, how’s it going?
Benny
Benny replied to the topic Bye bye cash !! I hope not…. in the forum Opinionated! 3 months ago
Hi David,
Ask anyone in Kalgoorlie at the moment about how vulnerable the system can be. No power, no gas, no air con,
I hadn’t heard – what has happened in Kalgoorlie? Sounds major – has someone shut off a tap somewhere?
Later – I went looking – a freak storm took out 200,000 KvA power line towers (which won’t get rebuilt overnight). Not ju…[Read more]
Benny replied to the topic Bye bye cash !! I hope not…. in the forum Opinionated! 3 months ago
Hi David,
Ask anyone in Kalgoorlie at the moment about how vulnerable the system can be. No power, no gas, no air con,
I hadn’t heard – what has happened in Kalgoorlie? Sounds major – has someone shut off a tap somewhere?
Benny
Benny replied to the topic Bye bye cash !! I hope not…. in the forum Opinionated! 3 months, 3 weeks ago
I simply don’t like putting so much trust into 3rd party systems especially when it comes to money.
Amen to that comment, Adam. And how much more robust are any “digital dollars” liable to be anyway? Have our systems got more clever, such that hackers, or failing power systems won’t affect them and our use of them?
Meantime, what can we do?…[Read more]
Benny replied to the topic Bye bye cash !! I hope not…. in the forum Opinionated! 3 months, 3 weeks ago
I simply don’t like putting so much trust into 3rd party systems especially when it comes to money.
Amen to that comment, Adam. And how much more robust are any “digital dollars” liable to be anyway? Have our systems got more clever, such that hackers, or failing power systems won’t affect them and our use of them?
Meantime, what can we do?…[Read more]
Benny replied to the topic Would the lack of natural light deter you from buying this vila? in the forum Help Needed! 4 months ago
Hi Realist,
It didn’t look all that dark to me, but if it concerns you, first ask an RE agent’s opinion. They look at things like that objectively and, if they think it could help, suss out the cost of fitting a skylight. Could be that it may be money well spent.
And, if you have bought this as a rental, how much does it impact your bottom l…[Read more]
Benny replied to the topic Would the lack of natural light deter you from buying this vila? in the forum Help Needed! 4 months ago
Hi Realist,
It didn’t look all that dark to me, but if it concerns you, first ask an RE agent’s opinion. They look at things like that objectively and, if they think it could help, suss out the cost of fitting a skylight. Could be that it may be money well spent.
Benny
Benny replied to the topic Help needed please in the forum Help Needed! 4 months ago
Hi Eliana,
Check out my answer in this topic you started – https://www.propertyinvesting.com/topic/5093458-need-help-13/#post-5093468 – I think you’ll find some interesting thoughts therein….
Benny
Benny replied to the topic Need Help in the forum Help Needed! 4 months, 1 week ago
Hi Eliana,
When I read this, my very first thought was “Never ask a barber ‘Do I need a haircut?’ as they have a vested interest in having you get that haircut.” That RE agent in Gladstone wants to sell you a property. In fact, RE agents are in business to sell you a property. But OK, let’s take a look at Perth and Gladstone.
I have an ad…[Read more]
Benny replied to the topic Commercial or Residential as a start in the forum Commercial Property 4 months, 1 week ago
Hi Eliana,
I had a quick look around and found this (re Perth’s values):-
https://www.openagent.com.au/suburb-profiles/perth-property-market
Scroll to roughly the middle of the whole segment and you’ll see a graph showing House price growth over the past 3 decades. It shows Perth pretty much stood still from 2007 until today. That has me t…[Read more]
Benny replied to the topic Commercial or Residential as a start in the forum Commercial Property 4 months, 1 week ago
Hi Eliana,
I had a quick look around and found this (re Perth’s values):-
https://www.openagent.com.au/suburb-profiles/perth-property-market
Scroll to roughly the middle of the whole segment and you’ll see a graph showing House price growth over the past 3 decades. It shows Perth pretty much stood still from 2005 until today. That has me t…[Read more]
Benny replied to the topic Commercial or Residential as a start in the forum Commercial Property 4 months, 1 week ago
Hi Eliana,
Re your first question, I recall Steve saying things along the lines of “Grow your wealth in Residential until you have enough Equity to be able to move into Commercial, then live off that Comm Income”. The reasonings behind that come from a few factors:-
1. Resi investing is usually cheaper to get into (better when starting o…[Read more]
- Load More