I’ve always tended to think a free-standing house would appreciate more than a townhouse….keen on anyone else’s thoughts.

You’ve got me, nhowarth – I agree completely. You haven’t included land sizes, but i am more comfortable with houses than units/townhouses. But then, we’re all different.

If the 10 year old house were to receive a…[Read more]

To hb again,

But then, as I re-read, I noted you mentioned SMSF – of course, if you invested in a property that way, you’d have NO leverage !!! Was THAT how you did it hb?

You don’t put too many numbers into your story, so its a bit hard to tell. And maybe you just wanted to take a swing at property anyway – well, we’re used to that.…[Read more]

Investment property purchased for $285K with $57K deposit (20% required because we were ex-patriots at the time); $228K owing on interest only loan; value recently appraised at $450K.
Hi Krookfamily,

Although I’m normally a buy and keep kind of person, I think I can see benefit for you in selling the IP. Here’s what I think:

Taking your…[Read more]

Aquila,

My reason for this is to evaluate the scenario based on a cash flow only.
From my recollection, the cashflow is not huge. Are there other mitigating factors that might be worthwhile? (Like Capital Growth?)

Based on a “cashflow only quote” (your words) I’d say “Go find something else”. To me, I’d want a fair bit more than a 0.13%…[Read more]

Steve,

This bit is not working for me –
In regards to the RESULTS folder… you now have the option of collapsing that forum so that you don’t need to see any of the posts that are in it
I click on it, and it laughs at me [blush2]

Benny

stuck-at-2,

Total Loan amount divided by Total Value as a percentage.

i.e. LVR (Loan to Value Ratio)

Benny

Hi Steve,

I agree, too, with Paul and Sonja – I can’t detect what’s read and what’s unread.

But in thinking about font size (too small) I suddenly realised that I’m not using 10cms of width on my monitor. Is there a way for me to set the forum to display 1280 x 768 (or whatever are the correct numbers?) I don’t see this, and, if I could, it…[Read more]

I’m happy to second Ben Poulson – always done me well,

Benny

Hi GPS,

I would not contemplate a CBD apartment – the major reason being that (from what I’ve learned) 50% of CBD apartments are purchased by International buyers. As such, they are shackled by the FIRB guidelines – in short, International Investors may ONLY purchase NEW properties.

Thinking that through, as soon as an International Investor…[Read more]

Hi Milnev,

Derek was saying this
If you do rent out your PPOR then you will be able to claim all allowable costs associated with this property as deductions. BUT temper this thought with the longer term impact of capital gains tax that may come into play.
But as far as I know, if you DON’T move to another PPOR – i.e. you rent yourself – then CGT…[Read more]

Hi Calvin,

We learn a lot from our parents, eh? And not always the way we expect – hope they’re OK anyway.

They were going to do it in partnership with some friends who pulled out; and even-though my parents had the money to BUY IT OUTRIGHT, they let it go………..

What can you do? This has become one of the driving forces for me now.

Benny

Hi Geoff,

It simply means “by quarter” – so if they are talking upper quartile, they are referring to the top 25%

Benny

Hi Audrey,

Not sure I’ve got this right – but it sounds like you are opting for a $15k loss to prevent paying $6k per annum. Is this close enough?

From where I sit, if this is a good Capital Growth area, I’d be more inclined to hold it but look for another +ve gearer to offset it. But then, I’m more a “Capital Growth” proponent than “positive…[Read more]

Hi KT,
Brady has provided a suggestion that might work but there may be other sticking points. One I’ve read about is that a lender might give you a Personal Loan for a holiday, or a carport, but not as a deposit on a property. Still it seems it can be done. But then you need to approach another lender and now you have a personal loan that…[Read more]

Just had to set the record straight

I believe it can not be used with the old dial up only with ADSL or Broadband

I have Google Earth working fine on Dial-up. And, yes, it’s the Free version,

Benny

Funny how things go – I heard about “the GC corridor” when I moved into Logan 21 years ago. (Each generation of RE agents must have been schooled on the phrase)

Finally it MIGHT be coming to fruition. Certainly the GC highway is top quality (4 lanes each way, and smooth as a billiard table).

Whether or not this translates into “NOW is a good…[Read more]

Hi Wylie,

I think philosophical is good !!!!
Anyway, I used to mentally kick myself when I thought about the money we “gave away”. It took a while to stop beating myself up about this and I am much more philosophical nowdays
Not sure if I was double guessing, or what – but our first IP was bought for $48k with rent of $150/week. Guess we didn’t…[Read more]

Hi Mini,

Onya, girl !!! You said it good. And what if they only need the credit card for 3 months – $250 to borrow $10k sounds pretty good to me,

Benny

Wayne,
No one (including Steve or his associates) asked me, told me, threatened me or intimidated me into writing this post.

Care to share what DID lead you to this retraction? Like the others ahead of me, I am bemused, confused

Benny

Yasmina,

This is what I hear from the thread

1.You want the best financial result
2.You want to cut down your cost
3.You don’t want to work so hard.

So, from your input, your PPOR is in a good area and it has lots of equity. It is too big for you.

Here is what I would look at doing –
KEEP the house, but rent it – this should bring in $450+…[Read more]