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]

Hi Steven,
In my experience, most valuers tend to be conservative (as their neck is on the line if they over–value). HTW is certainly one of the more well-known.

Also in my experience, a valuer will RARELY value a property at higher than the contract price – so if a deal “stacks up” when purchasing, it may well be that the property is…[Read more]

Hi Tom,

– The young couple with 1.2 million in debt (plus two builds to be added to this) with a net worth of $300K (They stated the portfolio is worth 1.5 million), which is a Debt/Equity ratio of 4 (that’s 400%.

Sounds like an 80% lend to me !!

Many start out that way (even you, but likely not on $1.5m eh?) In my case, my first was…[Read more]

Hi Tom,
You’ve uncovered a heap of good stats there. Good luck with the broker.

Along the way, you asked this:-

Over the past 5 years rental growth has been 1.6% per annual, for an 8% growth between 2011 to 2016/2017.
This seems like reasonable rental growth. What type of growth do you (forum members/investors) factor in for residential…

[Read more]

Hi Tom,
You’ve uncovered a heap of good stats there. Good luck with the broker.

Along the way, you asked this:-

Over the past 5 years rental growth has been 1.6% per annual, for an 8% growth between 2011 to 2016/2017.
This seems like reasonable rental growth. What type of growth do you (forum members/investors) factor in for residential…

[Read more]

Hi PT18,
You might get a good idea or two from this discussion :-
https://www.propertyinvesting.com/a-budget-with-a-few-nasty-jabs/

Note that the situation evolved over time, and, by May 10th, Steve was pretty much defining what he thought might be workable. One early response has a link that goes to a Quantity Surveyor’s office, and, if…[Read more]

An interesting one has been discussed recently – someone asked about the benefits of buying a unit in a retirement village. Lots of thoughts were passed around over this one.

On the plus side, the returns looked mighty good – initially. Was there to be Cap Growth into the future? Would Banks even lend – this was low priced, but also in low…[Read more]

Hey Jaxon and Tom,
I’m appreciating the discussion here – lots of numbers and shared thoughts to inspire others. So, thanks you two. I’m about to direct others to this thread for their edification. ;)

Benny

There have been posts in here earlier on Dominique Grubisa – check them out in a Search, or do a Google for more info.

I haven’t heard her – it would be interesting to hear what you think of it once you have attended, Steven. And yeah Google confirms $6k for the “rescue” course – but as happens often, by attending the seminar there may be a…[Read more]