Total Members: 158,067

Benny

  • Benny replied to the topic Buying a house for cosmetic renovation in the forum Value Adding 2 weeks, 1 day 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 weeks, 1 day 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 weeks, 3 days 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 weeks, 3 days 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 3 weeks, 5 days 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 3 weeks, 5 days 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! 1 month, 1 week 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! 1 month, 1 week 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! 1 month, 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! 1 month, 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! 2 months, 1 week 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! 2 months, 1 week 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! 2 months, 1 week 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! 2 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 2 months, 2 weeks 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 2 months, 2 weeks 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 2 months, 2 weeks 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]

  • Benny replied to the topic Financing an investment property in the forum Finance 2 months, 2 weeks ago

    Using a different lender for IP’s was simply so that, if the proverbial ever hit the fan, my lender would not have the choice of selling my PPOR from under me.  Given that it is common to have had many years of paying down its debt before getting into IP’s, and its value is likely to have climbed, if a lender wanted to get their money, the PPOR…[Read more]

  • Benny replied to the topic Financing an investment property in the forum Finance 2 months, 2 weeks ago

    Using a different lender for IP’s was simply so that, if the proverbial ever hit the fan, my lender would not have the choice of selling my PPOR from under me.  Given that it is common to have had many years of paying down its debt before getting into IP’s, and its value is likely to have climbed, if a lender wanted to get their money, the PPOR…[Read more]

  • Benny replied to the topic Financing an investment property in the forum Finance 2 months, 3 weeks ago

    Hi Wayne,

    Is this how it works? Also borrowing 100% value, will I also have to pay LMI for the amount over 80%?

    Surely it would depend on whether you went for two separate loans or a cross-securitised loan.  By going for two separate ones, you would eliminate LMI (I would think).  e.g. Borrow deposit/costs against your PPOR.  Take out a se…[Read more]

  • Load More

Benny

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
158,067

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!