Check out the forum called “Heads Up” where we discuss things like meetings – here’s the link:-
https://www.propertyinvesting.com/forums/community/heads-up/

To find it at any time, click on “Forum” (top right of any page) and scroll down to the Community section where you will find “Heads Up” along with other community types of forums.

Looking…[Read more]

Landlord Insurance perhaps? Of course, you might be thinking of some kind of Body Corp Insurance (i.e. to insure the common areas as well as the individual units).

I am quite unfamiliar as I’ve only ever owned private homes – perhaps someone else can come up with a better answer….

Benny

Hi SBH,
Re the “Rentvesting”, you might want to use the Search feature (click on Forums, then “Search”). One result I found from doing that led to this topic:-
https://www.propertyinvesting.com/topic/5041971-newbie-getting-started-2/
That might prove useful to you.

You also ask this:-

Is there a benefit in the long run to own a house in…

[Read more]

Hi SBH,
Re the “Rentvesting”, you might want to use the Search feature (click on Forums, then “Search”). One result I found from doing that led to this topic:-
https://www.propertyinvesting.com/topic/5041971-newbie-getting-started-2/
That might prove useful to you.

You also ask this:-

Is there a benefit in the long run to own a house in…

[Read more]

Hi Steven,

Technically buying a new house is not “adding” to the number of homes available.

It may be a matter of semantics – but to me, if there are (say) 600,000 rental homes in Australia, a builder builds a house, and I buy it as an investor and make it available to rent, then there are now 600,001 homes available for rent. If someone els…[Read more]

Hi Steven,
Good question – I think Labor’s intent is to only reward those investors who are ADDING to the number of homes available. Buying second-hand doesn’t increase the total number of houses, so no “bonus” for these investors.

But, as Steve had mentioned in an earlier article – “We really need to wait to see just what Labor proposes…[Read more]

Hi SBH,
I can’t make any comment on the Perth market as I live on the East side of Australia. However, it is good you are asking before “doing” as there are a number of things you should check out before you make your next move.

First off, there are Tax benefits in selling your first home before buying another (and it might mean you can…[Read more]

Well, I missed the Dec 2018 “anniversary” to update this (would have been 10 years). So here we are in Mar 2019, and we are seeing a price correction in play currently. Syd and Mel have had their values settle back somewhat from their recent highs. All to be expected. Pundits right now are stating “We will see a 20% drop before the trend…[Read more]

Hi Harley,
This is where “your own situation” is most important. What does your situation need? Cashflow or growth? In all of that though, remember that cashflow is king. Like, if you suddenly don’t have a job, then payments (if negative geared) can become a monster that could eat you alive.

You are in a great situation to make a…[Read more]

Hi Tiggie,
Given a choice of only those two options, I’d go the NE facing one. My main reason being that West is quite bad for heat, AND there is no guarantee that you will have a mountain view in one year’s time anyway (depending of course on the aspects of the surrounding land). i.e. I assume it is possible to build to the West of your Unit…[Read more]

Hi Steven,
What an interesting muse !!

Unless they propose negative gearing cannot be used to offset the investor’s own investment portfolio, in which case that will probably kill off the invest altogether and cause some very serious consequences to the economy…

To me, this question really comes down to “Where does ‘negative gearing’ beg…[Read more]

Hi Steven,
What an interesting muse !!

Unless they propose negative gearing cannot be used to offset the investor’s own investment portfolio, in which case that will probably kill off the invest altogether and cause some very serious consequences to the economy…

To me, this question really comes down to “Where does ‘negative gearing’ beg…[Read more]

Hi Naomi,
From the info you provided, you sound like you are in a prime position to do just that. I haven’t done that myself, but the good-looking chap right on top of your post (advertising the one-day seminar) is doing this and showing us all how to. Get in on his course (I’ve heard it is almost full in Melbourne, so don’t delay). I am sure…[Read more]

Hi Naomi,
From the info you provided, you sound like you are in a prime position to do just that. I haven’t done that myself, but the good-looking chap right on top of your post (advertising the one-day seminar) is doing this and showing us all how to. Get in on his course (I’ve heard it is almost full in Melbourne, so don’t delay). I am sure…[Read more]

Hi Naomi,
From the info you provided, you sound like you are in a prime position to do just that. I haven’t done that myself, but the good-looking chap right on top of your post (advertising the 1day seminar) is doing this and showing us all how to. Get in on his course (I’ve heard it is almost full in Melbourne, so don’t delay). I am sure…[Read more]

Compound Interest is great – but what effect do yearly expenses play on your compounding investments?

I stumbled over a post from a year or so back – it shows just how well compounding can work. But this time, it has a twist…. It ALSO shows how much damage can be done when the compounding is accompanied by expenses along the way (be they…[Read more]

Hi KDL,
As a non-resident, I guess you are restricted to “buying new” – am I right there? If so, it limits your choices somewhat – but as a general rule, I’d be looking to buy in a settled area rather than in outlying suburbs. Perhaps developers are doing “urban infill” in Southport that could suit you. Though land size is smaller (where…[Read more]

So who else spotted my earlier mistake?

Back a few posts I had said this:-

TODAY, it has all changed surely (???) Let’s say a $500k loan over 30 years must be repaid at $16,667 per annum but Interest is currently only 4.5%, so Interest paid is $22,500. Near enough?

This must surely mean that Principal repayments are now taking up nearly 45% o…

[Read more]

Hi Stevie,
The author confirmed its sale on Dec 26th.

Benny

Hi Sammy,
I had no issues that I can recall – I had bought two over the years – they went ahead just like any Private Sale. One difference that I have heard can come about are in trying to get agreement from “interested parties” (i.e. the beneficiaries of the Will).

e.g. Where there are (say) 5 children who will all get a portion,…[Read more]