Hi Owen,

“Never ask a barber if you need a haircut!” is my comment re the concreter.   He would be looking for work 24/7, so is likely to guide you toward his point of view re the cracks in the driveway.

Re the uneven patio, it depends just how uneven you are talking.   You could check to see if the work ever had Council Approval or not.  If n…[Read more]

Good one Stu – well caught !!!

Benny

Hi Lisatfs,

Since no-one else has “got up to dance”, I thought I’d share a few ideas.  Note that I have only bought in Brisbane, so I have NO direct knowledge of Gladstone.  However, I recall some events that put a pall over Gladstone some time back – in one example, some major industrial event was planned, everyone got excited, values screamed u…[Read more]

Hi Lisatfs,

Since no-one else has “got up to dance”, I thought I’d share a few ideas.  Note that I have only bought in Brisbane, so I have NO direct knowledge of Gladstone.  However, I recall some events that put a pall over Gladstone some time back – in one example, some major industrial event was planned, everyone got excited, values screamed u…[Read more]

Hi Jesse,

This doesn’t sound so bad, but then it depends just what “older concrete foundation that has some minor cracks” actually means.  I believe concrete can develop hairline cracks over time that don’t affect things too much – if the crack is any more than a hairline though, it is likely indication of a bigger problem.

My path in the past…[Read more]

“The RBA admits it raised rates too late”.  Yep, I think we all knew that.  That “emergency setting” was around COVID times. The rest of the world were madly cutting theirs too, so we were playing follow the leader I guess.

In my opinion, it should never have got to 0.1%, but since it did, at the FIRST sign of a lift (was it around May21?) they s…[Read more]

“The RBA admits is raised rates too late”.  Yep, I think we all knew that.  That “emergency setting” was around COVID times. The rest of the world were madly cutting theirs too, so we we playing follow the leader I guess.

In my opinion, it should never have got to 0.1%, but since it did, at the FIRST sign of a lift (was it around May21?) they s…[Read more]

Hallelujah !!!   The RBA finally got to do something right (imho…. :p )    A rate cut of 0.25% that will save the average mortgaged citizen around $1200 a year – or $100 a month, or $25 a week roughly.

“But don’t plan on more coming any time soon” say the RBA.  Ah well, it is some small mercy, but little more than that.  Perhaps it will allow…[Read more]

Hallelujah !!!   The RBA finally got to do something right (imho…. :p )    A rate cut of 0.25% that will save the average mortgaged citizen around $1200 a year – or $100 a month, or $25 a week roughly.

“But don’t plan on more coming any time soon” say the RBA.  Ah well, it is some small mercy, but little more than that.  Perhaps it will allow…[Read more]

Could it be “on”?  I hear CBA is predicting a rate cut likely at the Feb 2025 meeting of the RBA, followed by up to 3 more through to the end of 2025.

Can’t come soon enough for mine, and, I suspect, lots of others too.   So if it comes to pass, the 4.35% Cash Rate should be 3.35% by year’s end.  And no, that is not a 1% drop (of course) – it is…[Read more]

Could it be “on”?  I hear CBA is predicting a rate cut likely at the Feb 2025 meeting of the RBA, followed by up to 3 more through to the end of 2025.

Can’t come soon enough for mine, and, I suspect, lots of others too.   So if it comes to pass, the 4.35% Cash Rate should be 3.35% by year’s end.  And no, that is not a 1% drop (of course) – it is…[Read more]

Could it be “on”?  I hear CBA is predicting a rate cut likely at the Feb 2025 meeting of the RBA, followed by up to 3 more through to the end of 2025.

Can’t come soon enough for mine, and, I suspect, lots of others too.   So if it comes to pass, the 4.1% Cash Rate should be 3.1% by year’s end.  And no, that is not a 1% drop (of course) – it is…[Read more]

Hi Firefly,

Ah, not such a bad outcome then….

Re the short term rentals, I’ve been there myself, and the extra rental goes well IF certain things can be mitigated:-

1.  Does your place have a “point of difference” that has people choose your place over others?  Proximity to the beach could be one….

2.  The cleaning and preparation be…[Read more]

Hi Groono,

Is the ‘big picture’ link sent to my personal message box?

Sorry, I hadn’t yet PM’ed you – it’s coming…. ;)   But here is the link in one of the forums anyway:-

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

  I know that council rates, and interest can be tax deductible. But genera…

[Read more]

Hi Groono,

Good for you for starting to consider property as a vehicle for building wealth.  It certainly is, as many on here can attest.  But as you seem to already know, there is a lot to learn before pulling the trigger.   Regarding timing, with Interest Rates as high as they are, finance is harder to get for many.  Yet Banks still want to l…[Read more]