Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 month, 2 weeks ago
OK, here we are at year’s end, with no more RBA intervention until early Feb 2023. In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month. The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.
Sounds innocuous, doesn’t it? A bit like the Interest Rate you “might” be able to get on your…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 1 month, 2 weeks ago
OK, here we are at year’s end, with no more RBA intervention until early Feb 2023. In the last 3 months of 2022 they “went easy”on us, with just 0.25% each month. The total uplift from April 2022 (when the Cash Rate was 0.1%) has been a further 3%.
Sounds innocuous, doesn’t it? A bit like the Interest Rate you “might” be able to get on your…[Read more]
Benny replied to the topic Struggling to understand asset protection provided by a trust in the forum Help Needed! 1 month, 2 weeks ago
Hi Charlie,
That’s good to hear. Oh, and check out my answer to you in the other thread you started. I think you will appreciate what you find there. ;)
Benny
Benny replied to the topic Seeking knowledge on structures in the forum Legal & Accounting 1 month, 2 weeks ago
Hi Charlie,
I hear you asking more and more about Trusts. I can’t help you directly, but I can refer you to Steve’s earlier book – “From 0 – 130 properties in 3.5 years”. Get the updated version from 2010, then seek out Chapter 9 and DEVOUR it. I found it fascinating reading on the subject of Trusts and how Steve uses them, and I am sure it…[Read more]
Benny replied to the topic Struggling to understand asset protection provided by a trust in the forum Help Needed! 1 month, 3 weeks ago
Hi Charlie,
Can anyone confirm this or provide an alternative view as it is becoming increasingly frustrating when the advice from accountants and lawyers do not match up?
That should “an accountant and a lawyer” shouldn’t it? Sounds to me like a second opinion from both professions might be a good move.
I am unsure of what the lawyer’s view of…
Benny replied to the topic Training in the forum Help Needed! 2 months ago
Hi Jeeakz,
Steve no longer does training courses. He does however run webinars from time to time, and these are always worthwhile as he comments on current situations. Also, I think his STEPS offering is a VERY good product. It is designed to walk you through the total Due Diligence needed when purchasing a property. The detail is phen…[Read more]
Benny replied to the topic The climate is changing – but in what way is that happening really?? in the forum Opinionated! 2 months, 1 week ago
Further to that last comment, the presenter (Bjorn Lomborg) goes on to say (and I paraphrase Bjorn, but you can click the link and hear him yourself) “Instead of pouring Billions into subsidising infant technologies that are not cheap, we would be better advised to turn those dollars into researching better ways to produce CHEAP energy. Once…[Read more]
Benny replied to the topic Land title size and advertised land size different in the forum Help Needed! 2 months, 2 weeks ago
Hi Curious
Just noticed – this looks like an honest mistake rather than an attempt to deceive. When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98. It happens often – but proofreading would (should) have picked it up. Or a title search during conveyancing….
FWIW
Benny
Benny replied to the topic Land title size and advertised land size different in the forum Help Needed! 2 months, 2 weeks ago
Hi Curious
Just noticed – this looks like an honest mistake rather than an attempt to deceive. When someone typed the brochure, their right hand slipped one position too far left, thus the 09 became 98. It happens often – but proofreading would (should) have picked it up.
FWIW
Benny
Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 months, 3 weeks ago
Ah, right…. That makes more sense now. Septics can take up a lot of space when using transferation trenches. Aren’t there now newer ways to handle this? Have you researched these later septic options, and do they help (i.e. do they take up less space)? It’s been a long time since I had such a property, so my knowledge today is not great.
Benny
Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 months, 3 weeks ago
Hi Dominique,
It appears to me that things don’t quite compute….. A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare. Some folks do this on half that size block. Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon? Is the house a very LA…[Read more]
Benny replied to the topic 2 dwellings on 1 block in the forum General Property 2 months, 3 weeks ago
Hi Dominique,
It appears to me that things don’t quite compute….. A quarter acre should be PLENTY big enough to fit a house and a Granny flat, with room to spare. Some folks do this on half that size block. Was there something else that was unsaid – e.g. are there easements on the block that can’t be built upon? Or is the house a very…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 3 months ago
November, and the RBA, with yet another 0.25% lift, does the “same old, same old” – well not really !!
The “same old” used to be “Lift rates a couple of months in a row, then sit back and contemplate their navels to see the effect of their actions”. But not these days. Now it is squeeze the life out of everything by increasing Interest Rat…[Read more]
Benny replied to the topic Townhouses vs houses in the forum General Property 3 months, 2 weeks ago
Hi jeeakz,
One thing you might not have considered when purchasing a Town House would be any Body Corporate fees and/or restrictions. Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses). A Body Corporate usually means extra e…[Read more]
Benny replied to the topic Townhouses vs houses in the forum General Property 3 months, 2 weeks ago
Hi jeeakz,
One thing you might not have considered would be any Body Corporate fees and/or restrictions. Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses). A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]
Benny replied to the topic Townhouses vs houses in the forum General Property 3 months, 2 weeks ago
Hi jeeakz,
One thing you might not have considered would be any Body Corporate fees and/or restrictions. Though you might own some land, there will also (likely) be some areas that are controlled by others making up the property (other owners of the remaining townhouses). A Body Corporate usually means extra expense, so I hope you have taken t…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 3 months, 3 weeks ago
Well, well, well – the RBA only lifted by 0.25% this month. Are they learning? Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!” No news to me with that last comment (check the earlier posts above).
But OK, with a 0.25% lift in Oct…[Read more]
Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 3 months, 3 weeks ago
Well, well, well – the RBA only lifted by 0.25% this month. Are they learning? Or (as I’ve heard one commentator mention) will they continue to lift, only to bring rates back down next year when results prove “They went too far, too fast!” No news to me with that last comment (check the earlier posts above).
But OK, with a 0.25% lift in Oct…[Read more]
Benny replied to the topic Large loan or Small loan in the forum General Property 3 months, 3 weeks ago
Hi jeeakz,
Hmm, is this the same jeeakz that posted THIS topic a few months back? If so, I’d added some thoughts in reply, but didn’t hear back from you to help further.
The name is right, but the scenario outlined in each post seems…[Read more]
Benny replied to the topic Draw equity from IP to fund PPOR purchase in the forum Finance 4 months ago
Hi Troy,
I have a few thoughts, but I’ll step aside right now to see if others with the right credentials might stop by first. (I don’t have any credentials – just opinions…) Suffice to say, you sound like you are in a really good place. :)
Benny
PS While I think of it, there is one link I can provide that MAY hold some ideas around this…[Read more]
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