Cool – thanks for the extra info. See, straight off, my thoughts have changed – the location sounds like one that can have legs, growing even more equity over the next growth phase. Main thing is “Can you afford to keep it?”

The rental medians usually refer to a 3bdr house – and the median values usually split between 2, 3, and 4bed houses.…[Read more]

Hi MM44,
Going by the valuations you mentioned, this PPOR is NOT in a regional area – is that right?

Sounds to me like you have gained some really good ground by doing what you did – putting a Qldr cottage on a block of land and then doing a reno. Sounds like a high value for Queensland, but then some good locations are fetching rather nice…[Read more]

Hi MM44,
Going by the valuations you mentioned, this PPOR is NOT in a regional area – is that right?

Sounds to me like you have gained some rally good ground by doing what you did – putting a Qldr cottage on a block of land and then doing a reno. Sounds like a high value for Queensland, but then some good locations are fetching rather nice…[Read more]

Hi FXD,
I did a quick search and found this link that provides some guidance, including the section on “Enforcing Real Estate pricing”. It is for Vic – it may be different for other states.
https://www.consumer.vic.gov.au/housing/buying-and-selling-property/buying-property/understanding-property-prices

There were several other finds – to…[Read more]

Hi Amaka,

Welcome to Property Investing. There is lots to learn, and we can help you with that – but first, let’s address your initial question.

I don’t know the company you mentioned – except to say that, if any investment company calls you, then do keep your guard up until you can work out if they are kosher or not. Also, did they…[Read more]

Hi SAF,

I was told by my mortgage broker that we have maxed out our borrowing capacity.

Have you perchance sought a second opinion? The only reason I say that, is because I have heard the MB’s on here talk of “maxxing out” one lender, but they have another lined up to continue lending. And all of that follows from having a specialist MB chart…[Read more]

Hi SAF,

I was told by my mortgage broker that we have maxed out our borrowing capacity.

Have you perchance sought a second opinion? The only reason I say that, is because I have heard the MB’s on here talk of “maxxing out” one lender, but they have another lined up to continue lending. And all of that follows from having a specialist MB chart…[Read more]

Hi Zen,
I figure you might have already Googled the fund itself to read reviews etc. If not, that would be worth doing.

Theres a monthly ROI which we can reinvest.

Just what is that ROI%? And is it a monthly return % or a yearly % but paid monthly?

I have heard some funds paying 5% returns monthly – but they are typically Ponzi…[Read more]

Hi Matt,
Certainly this is NOT one of the areas in which I feel I am competent to comment – but hey, maybe some of my thoughts might be of use – to you, or to others who find this topic in years to come.

The one and only link that I figure could be of use to you is this…[Read more]

Hi Matt,
Certainly this is NOT one of the areas in which I feel I am competent to comment – but hey, maybe some of my thoughts might be of use – to you, or to others who find this topic in years to come.

The one and only link that I figure could be of use to you is this…[Read more]

And just a word to the wise, how do those suburbs look when considering THIS demographic?
https://www.propertyinvesting.com/watch-out-for-this-simple-stat/

Corey, you don’t sound too concerned, so you are likely already on top of this one….

Benny
(Posted as a public service to those newer to property investing… :p )

And just a word to the wise, how do those suburbs look when considering THIS demographic?
https://www.propertyinvesting.com/watch-out-for-this-simple-stat/

Corey, you don’t sound too concerned, so you are likely already on top of this one….

Benny
(Posted as a public service to those newer to property investing… *:) happy )

And just a word to the wise, how do those suburbs look when considering THIS demographic?
https://www.propertyinvesting.com/watch-out-for-this-simple-stat/

Corey, you don’t sound too concerned, so you are likely already on top of this one….

Benny
(Posted as a public service to those newer to property investing… ;) )

Hi Corey,

Thanks for the extra words around all this.

My mind ran away with this comment of yours:-

besides the fact it would be an immense adminstrative burden to keep trying to get the right ownership type up to date for millions upon millions of loans

Hehe – yeah, forget “Too Hard Basket” – their “basket” would have to be the size of…[Read more]

If the loan is structured as a owner occupied loan and that’s not your current and legal address they have something to argue in court.

Hmm – that is an interesting thought !! And things in contracts – would have to be quite new wouldn’t they, as it was only APRA swinging its bat that had the Banks charging more for IP loans. All something to d…[Read more]

Hi David,

so I am sure I will flood the forums with questions that will continue to put a smile on your face.

It is important that you do get to know the basics, so ask away. Steve’s latest “Steveism” that came out a couple of days ago talks of having the “foundations solid” if wanting to add an extension to a house.

That applies to your…[Read more]

Hi David,

so I am sure I will flood the forums with questions that will continue to put a smile on your face.

It is important that you do get to know the basics, so ask away. Steve’s latest “Steveism” that came out a couple of days ago talks of having the “foundations solid” if wanting to add an extension to a house.

That applies to your…[Read more]

Hi David,
Congratulations !! Purchasing your first home is an exciting time. I’m glad you found us too, as we can guide your steps toward property investing. There is a wealth of information to be found in here – feel free to wander around and read. Check out the Training Centre and the different forums.

I had a wee smile when I read…[Read more]

So it seems you have had an Equity jump. Does the median value for the Units agree with HTW’s current valuation? And, if using re.com to get the median, they also provide a median rental %age. Here’s an example:-

https://www.realestate.com.au/property-apartment-vic-burwood-125813538

After clicking on that, wait about 15 seconds as it takes…[Read more]

Hi Steven,
HTW gets a lot of work from a lot of lenders, so they could well be doing the vals for both your old bank and the lender the broker is suggesting. OK, let’s take a look at the facts (as I now understand them to be):-

1. Your place was purchased for $550k, and there was a lift of $50k this time, so now $600k. Nice !!

2. You said…[Read more]