Total Members: 158,199

Benny

  • Sad to say, not a lot has changed in the last three months – except that “Extinction Rebellion” protagonists appear to have gone to ground (thank heaven for that!!).    Solar panels continue to be added to the grid.   The more that are added, the more sensitive the grid becomes.

    Think about this – the grid needs stability to prevent brown or blac…[Read more]

  • Benny replied to the topic Referendums – interesting, in light of the "Voice" proposition…. in the forum Opinionated! 5 months, 2 weeks ago

    Tonight’s the night, Josephine !!!    We’ll know the result then… if we don’t already know, that is (nudge, nudge….).

    The main question is “What’s next?”

    Benny

     

  • Benny replied to the topic Splitting rent according to number of tenants in the forum Help Needed! 6 months ago

    Hi Allan,

    My thoughts would be to “Don’t overly complicate things”.   I’m sure there will be people who will be happy to pay $200+ per week just to have a roof over their heads.  I think if I were in your situation, I’d be setting a base price (let’s say $200 per room for argument’s sake) but have a flat rate for utilities. Maybe $20 per week fl…[Read more]

  • Benny replied to the topic Best Way Forward in the forum Help Needed! 6 months, 1 week ago

    Hi Stargazer,

    I’ve been playing with the figures you provided.  I have sent you a Private Message with my findings.  As I am not an Adviser of any kind, I’d rather keep the results under wraps until you find out if my thoughts were largely correct, in which case I wouldn’t mind sharing them on here (if you are agreeable).

    For now, check your m…[Read more]

  • Benny replied to the topic Interest-only loan option in the forum Finance 6 months, 2 weeks ago

    Hi Heisenberg,

     Oh, what I meant by roll over is – whatever my wife and I can save thru tax deductions (for investment property) to be used to replenish the funds (albeit not completely) that were used to cover rental shortfall and outgoings? Hope I’m not wrong to think this way?

    Ah, now I understand what you meant, so thanks for the expl…[Read more]

  • Benny replied to the topic Sale by owner or use RE in the forum Help Needed! 6 months, 2 weeks ago

    Hi again,

    Thanks for the extra info.  I don’t know Melbourne at all, but I hear the situation for renters is dire throughout Aussie right now.  Can that translate into having renters buy a little 1bdr?  I’m not sure, as borrowing has also got harder with the HUGE increase in Interest Rates over the last 12 months or so.

    If an opinion helps, 1b…[Read more]

  • Benny replied to the topic Interest-only loan option in the forum Finance 6 months, 2 weeks ago

     

    Hi Heisenberg,

    Yeah, wrong time perhaps eh?  The current situation has the costs of building, buy prices, fuel, rentals, insurances, and interest rates, all going through the roof.  Now an increase in rental helps your situation, but everything else hurts it.  The big mover (for me) was the astonishing climb in Interest Rates.

    In years pa…[Read more]

  • Benny replied to the topic Best Way Forward in the forum Help Needed! 6 months, 2 weeks ago

    Hi Stargazer,

    As you said to Steve, ( “i probably am lucky to be where i am asset wise,” ) I think you have done pretty well to accumulate what you have despite the problems faced.  So, what now?  I guess that is your question, right?

    Straight off, I have one or two to ask you – if you provide answers, they might light your way s…[Read more]

  • Benny replied to the topic CGT, 6 year rule and two properties sold in same FY in the forum Legal & Accounting 6 months, 2 weeks ago

    Hi Ceegee,

    I believe you have it right, but that is simply an opinion I have, based on reading articles from others who KNOW.  Hopefully someone with the proper credentials will come by to provide a proper response.  That is not me – sorry,

    Benny

  • Benny replied to the topic Sale by owner or use RE in the forum Help Needed! 6 months, 3 weeks ago

    Hi Red and Jane,

    First off, which city the unit is in would likely make a difference to any answers.  e.g. I wouldn’t be suggesting auction in Brisbane (where the usual “sold at auction” rate is around 50%).  That might work better in other centres, of course.  Also if you give an area of a city too, that might help give more context.

    $7k pl…[Read more]

  • Benny replied to the topic Sale by owner or use RE in the forum Help Needed! 6 months, 3 weeks ago

    Hi Red,

    First off, where it is would likely make a difference to any answers.  e.g. I wouldn’t be suggesting auction in Brisbane (where the usual “sold at auction” rate is around 50%).  That might work in other centres.  Also an area of a city might help give more context too.

    $7k plus 2% sounds way off to me.  But then, I’m from Brisbane, whe…[Read more]

  • Benny started the topic Money Magnet podcasts in the forum Forum Frolic 7 months, 2 weeks ago

    Hi all,

    These Money Magnet podcasts have been accumulating since the release of Steve’s latest book of that name.    I’ve been keeping abreast of them over the last months, and (as happens) some podcast contents just “hit me between the eyes”.   You know, you’ve read all the good words, but hearing them on a podcast where two blokes are havi…[Read more]

  • Benny started the topic Money Magnet podcasts in the forum Forum Frolic 7 months, 2 weeks ago

    Hi all,

    These Money Magnet podcasts have been accumulating since the release of Steve’s latest book of that name.    I’ve been keeping abreast of them over the last months, and (as happens) some podcast contents just “hit me between the eyes”.   You know, you’ve read all the good words, but hearing them on a podcast where two blokes are havi…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 7 months, 3 weeks ago

    And just this morning, our local paper has found figures that confirm that some investors are bailing out (often just to save their own homes) as things are just getting too…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 8 months ago

    The only question now is “WILL the RBA do nothing, or will they continue with their brain-dead antics and lift rates yet again?” You and I know what they should do, but time will tell.

    The news today is that the rates remain on hold for another month – or is that 6 weeks (given that the “new look RBA” is talking of having just eight meetings per…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 8 months, 2 weeks ago

    An interesting article arrived in my Inbox today – it came courtesy of an ABC news reporter in this article:-

    https://www.abc.net.au/news/2023-07-11/millions-on-a-mortgage-cliff-as-they-roll-off-low-rate-home-loan/102557726

    The report  contains an interview with Sebastian Watkins, the co-founder of Lendi who said this – “Lendi merged with…[Read more]

  • Benny replied to the topic Belouis Investment Group in the forum Help Needed! 8 months, 2 weeks ago

    Hi Justin,

    I haven’t used them.  Didn’t know of them until today, but I took a look at their website since you asked the question. Here’s what I gleaned from the site

    It appears to me that they may only sell new homes, which is always a caution in my book.  Not always, but a common “hook” from some marketeers is to “sell” the Tax Benefits of a n…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 8 months, 3 weeks ago

    I hear this morning that Philip Lowe’s contract will not be renewed come September, and that a new governor will be announced later this week.  I’m not sure if it fills me with confidence just yet, but time will tell.  I imagine Mr Lowe will remain around until September anyway, occupying the Governor role for two more months.  After that, who kn…[Read more]

  • Ladies and gentlemen, introducing Judith Curry :-

    https://www.youtube.com/watch?v=i4YUnZIKneY

    This lady is a climatologist who has some very pertinent views to share.  I especially liked the part from about minute 26 where she mentions two useful alternatives to wind and solar.  One interesting point she made was this – if fossil fuels have l…[Read more]

  • Benny replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 9 months, 1 week ago

    Hi Toby,

    An interesting question, and some good thought behind your words.

    I feel like when the mainstream media harp on about something this much, there’s usually an agenda, and the opposite of what they’re saying is true.

    Hehe, I wondered if your comment was too kind to the mainstream media – my thoughts re many of them is that they have no ide…[Read more]

  • Load More

Benny

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