Hi all,
With a number of new investors joining up, I thought it was time for a “bump” to bring this thread back onto the current pages.

And to those new readers (new investors) who are eagerly soaking up the information provided, do check out the posts in this thread. It covers a host of those early questions, and points you to where you can…[Read more]

Hi GW,
Ah well, as I said, I don’t know your area. What value DID the valuer put on it?

Anyway, you are in the box seat, and it is yours to sell. I think someone is going to get a bargain at $1.5m – what do other Sydney-siders say?

Benny

For the hell of it, I just did a quick cruise on realestate dot com website for Moorebank land. WOW !! I think I need to upscale my calcs earlier. Have a look at this :-

http://www.realestate.com.au/property-residential+land-nsw-moorebank-200833671

That link shows a 322m2 piece of land with an asking price of $410k !!!!! Better call my…[Read more]

Hi Gateway,

I have a 4,300mtr property in the Liverpool/Moorebank area. It is the last of the original subdivided blocks from the 1920′s so the valuer is not able to take more than an “educated guess” with the caveat that even that could be wrong as the place is the last uncut block, has 2 street fronts, zoned med density, not bad house etc etc e…

[Read more]

Hi LJ,

Wow, sounds like you are having two bob each way !!! I thought you were saying it was me doing that. :p

The US and Australian markets are as different as chalk and cheese. To make comparisons and try to cross link causal affects is to not understand either market or its fundamental dynamics.

Isn’t all of your talk about a “property…[Read more]

Thanks LJ – very useful !! Cheers,

Benny

Woohoo !! We have a “Search” function again…. I just spotted it (and used it too).

Can we have an option to search “just titles” too, please !! :)

Oh, and some smileys again would be nice,

Thanks guys,
Benny

Hi Long John,

You should be a poly Benny. You’re talking a lot without really saying anything or committing to any position. That usually indicates one doesn’t understand the problem or have an inkling of which way things are going.

Well if you think that, you either didn’t comprehend my words, or you choose to continue to promote your per…[Read more]

Hi Long John,

You talk as if the threat is over and everything is honky-dory again…

We are seeing a “cycle” as we have seen over decades. And yes, there are peaks and troughs. I believe we will see harder times, and easier times. And we will see decisions made by Govts that help, and others that don’t help.

If, as Glenn Stevens s…[Read more]

Well, I enjoyed reading that one. And yes, I enjoyed reading both sides of the debate.

In early 2008 we were “enjoying” the rise in Interest Rates that followed newly-elected PM KRudd famously saying “The inflation genie is out of the bottle”, prompting the RBA to start raising interest rates as the rest of the world were madly cutting…[Read more]

Hi DM,
The numbers would give you a clue. Have you calculated the dollars available after all costs?

First, is this “old PPOR” still your nominated PPOR? Or will you be up for CGTax on sale? CGT could be a MAJOR cost to you – is it?

Re “should you sell”, that will depend on
1. what it is costing you to hold,
2. whether having an IP…[Read more]

Hi Steve,

Of course, things will change over time.

Aha, I see you have added a quote – these seemed to disappear during the forum changeover. Let’s see if my quote works too…

Woohoo – it did !!

Benny

Having just re-found this post for someone, I wanted to put it into this thread.  

It shows what CAN be done by young investors starting out…..  and the results are remarkable.  He created rental incomes of $200k in 2 to 3 years.  Out of that comes mortgage payments, rates, etc – but you will see there is still a LOT of cream left over…….…[Read more]

A common question is when investing, "Why use IO loans and not P&I loans?"   

And for those REALLY new, IO means Interest Only (you pay only Interest, and nothing off the Principal), and P&I means Principal and Interest are paid.  Of course, a P&I costs you much more per month than IO.

One main reason is the thinking that it is silly to pay off…[Read more]

A common question is when investing, "Why use IO loans and not P&I loans?"   

And for those REALLY new, IO means Interest Only (you pay only Interest, and nothing off the Principal), and P&I means Principal and Interest are paid.  Of course, a P&I costs you much more per month than IO.

One main reason is the thinking that it is silly to pay off…[Read more]

A common question is when investing, "Why use IO loans and not P&I loans?"   

And for those REALLY new, IO means Interest Only (you pay only Interest, and nothing off the Principal), and P&I means Principal and Interest are paid.  Of course, a P&I costs you much more per month than IO.

One main reason is the thinking that it is silly to pay off…[Read more]

Hi Spud,

  Welcome aboard !!   I think you will get better answers if you can frame your question with more detail.  Just a few thoughts as a guide :-

  Is this urban or rural land?
  Is it subdividing an existing small block (perhaps with a house on it)?
  Is it an acre or so to be subdivided into 5 or more blocks?
  In a major city or a…[Read more]

Finding Cashflow Positive IP's – it is already a "sticky", but now and then, we need to review what is already "up there and available to all".  

At least stickys can be found easily, but just in case you missed it, this thread contains FAR MORE than a suburb-by-suburb list of "where to go".

A lot of the posts in here deal more with the "How to"…[Read more]

Finding Cashflow Positive IP's – it is already a "sticky", but now and then, we need to review what is already "up there and available to all".  

At least stickys can be found easily, but just in case you missed it, this thread contains FAR MORE than a suburb-by-suburb list of "where to go".

A lot of the posts in here deal more with the "How to"…[Read more]

FInding Cashflow Positive IP's – it is already a "sticky", but now and then, we need to review what is already "up there and available to all".  

At least stickys can be found easily, but just in case you missed it, this thread contains FAR MORE than a suburb-by-suburb list of "where to go".

A lot of the posts in here deal more with the "How to"…[Read more]