Hi Asou,
Welcome to propertyinvesting.com – and good work for seeking to understand a bit more by ASKING. One major thing that we need to develop is the ability to separate opinion from fact. And, right off the bat, I can put the lie to these guys:-

However, after seeking advise from my friends and colleagues. They suggested I should not…

[Read more]

Hi Asou,
Welcome to propertyinvesting.com – and good work for seeking to understand a bit more by ASKING. One major thing that we need to develop is the ability to separate opinion from fact. And, right off the bat, I can put the lie to these guys:-

However, after seeking advise from my friends and colleagues. They suggested I should not…

[Read more]

Hi Asou,
Welcome to propertyinvesting.com – and good work for seeking to understand a bit more by ASKING. One major thing that we need to develop is the ability to separate opinion from fact. And, right off the bat, I can put the lie to these guys:-

However, after seeking advise from my friends and colleagues. They suggested I should not…

[Read more]

Hi Retals,
Terryw, a contributor with a wealth of knowledge, has laid out a scenario that exactly fits your situation (i.e. you have paid off your PPOR, but now want to move out of it and rent it). Go here to find an introduction to his topic…[Read more]

Hi David,
Well, you never know – someone reading this might be willing to pay to know where this cashflow gem is, and you may be able to gain a spotter’s fee !! :)

Benny

Hi David,
Just looking at the numbers, to me this looks like the ideal “buy and hold”. As such, there would be little to gain in strata titling. I haven’t done it myself, but had previously read it can take ~$20k to strata one unit.

Is that number correct? I don’t know – but, if it is, the values on your units don’t seem to justify such…[Read more]

Hi Stevan,

Before purchasing secondhand, please read this (including the attached link).
https://www.propertyinvesting.com/topic/5040648-for-your-protection-read-this/

Benny

Hi Lisa,
Thank you for the information relating to Cherie’s course. It is as well that purchasers are made aware of the limitations of purchasing such goods secondhand.

I have referred to your post in a new topic that will reside in the Buy Swap and Sell forum -…[Read more]

Hi Lisa,
Thank you for the information relating to Cherie’s course. It is as well that purchasers are made aware of the limitations of purchasing such goods secondhand.

I have referred to your post in a new topic that will reside in the Buy Swap and Sell forum -…[Read more]

I think the natural “order of things” should preclude rates reaching those levels. Here’s why:-

1. Back in the 80’s when we were paying 17% Interest, the average value of a house was $50k to $100k. Also back then, yields were 10% to 15%. Yearly interest was thus in the order of $9k up to $17k.

2. Over the 90’s, prices doubled, but Interest…[Read more]

Hi Michael,

I’m thinking of the following solution: I believe the value of the property would drop by at least 20%.

Thanks for the answers provided so far – that now leads me to a few more questions/comments that might help you to arrive at the right conclusion for YOU. You mentioned you expect at least a 20% drop, and I understand that to b…[Read more]

Hi Michael,

I’m thinking of the following solution: I believe the value of the property would drop by at least 20%.

Thanks for the answers provided so far – that now leads me to a few more questions/comments that might help you to arrive at the right conclusion for YOU. You mentioned you expect at least a 20% drop, and I understand that to b…[Read more]

Hi Michael,
Steve McKnight would probably say “If you wouldn’t buy it today at the price it is, why are you keeping it?” … or words to that effect.

I don’t know your numbers but you will….. Consider :-

1. What it will cost you per year to hold it currently (even as its value diminishes too?) – isn’t this good money going after…[Read more]

Hi Terry,

Thanks so much for that link to the legislation. Personally, I found that MUCH easier to read than those earlier examples. It was clear, unequivocal, and easy to understand. I think I will store that link as a Favorite !!

The only area that is less clear (for me) is 3A where they refer to other “sections”…

Benny