I tend to agree with what Terryw said :-

How much would it cost you if they moved out and is it worth considering paying $400 to prevent this?

But first, do clarify for us if the current tenants are “recent additions”, or whether they have been with you for some time.

See, if they are recent, it may be that you might choose to not renew…[Read more]

I agree with what Trryw said :-

How much would it cost you if they moved out and is it worth considering paying $400 to prevent this?

But before that, do clarify for us if the current tenants are “recent additions”, or whether they have been with you for some time.

See, if they are recent, it may be that you might choose to not renew their…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than a year from when they hit 9%. Some…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than a year from when they hit 9%. Some…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than 6 months of hitting 9%.

Right…[Read more]

Hi Siewlin,

As Corey said, having both loans with the same lender doesn’t HAVE to be a problem, but you need to be more sure of several things that COULD become an issue.

First, if you were to run into trouble, and, having paid little off the IP and lots off your PPOR (your home), this means there is lots of equity available in your PPOR,…[Read more]

Hi Nigel,

If the political parties are serious about helping first home buyers perhaps they could allow negative gearing say for the first 5 or 10 years. That way the interest at least would be tax deductible.

Hmm, that could make sense !! And might be far less damaging than turning the neg gearing applecart upside down. Of course, this…[Read more]

Hi Nigel,

If the political parties are serious about helping first home buyers perhaps they could allow negative gearing say for the first 5 or 10 years. That way the interest at least would be tax deductible.

Hmm, that could make sense !! And might be far less damaging than turning the neg gearing applecart upside down. Of course, this…[Read more]

Hi Nigel,

Can someone explain how only having negative gearing on new properties lowers house prices.

I’ll be in your “stupid class” too, ‘cos I can’t see it lowering house prices either – on the contrary. This is what I see:-

1. Investors are not the ones that “push prices up” anyway – home buyers are the ones who will pay more to get “the…[Read more]

Hi thefox,

Hmm, bad news – sorry to hear that. I don’t know the Canberra market, but I would think you don’t HAVE to buy at auction do you? It is far easier and less emotive to go to a Real Estate agent and write up a contract.

I’m from Brisbane and most of our sales are done through private treaty (i.e. via a contract, not an auction).…[Read more]

A new member was considering the purchase of a 1 bedder apartment, and asking for ideas surrounding this, whether good or bad.

https://www.propertyinvesting.com/topic/5027637-need-advice-with-regards-to-property-investment-in-noble-park/#post-5027637

Sam already had some reservations but wanted to hear thoughts from others – and what a good…[Read more]

A new member was considering the purchase of a 1 bedder apartment, and asking for ideas surrounding this, whether good or bad.

https://www.propertyinvesting.com/topic/5027637-need-advice-with-regards-to-property-investment-in-noble-park/#post-5027637

Sam already had some reservations but wanted to hear thoughts from others – and what a good…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Sam,
Well my friend, you have very good reason to smile when you think of that 1 bedroom student apartment – that is, it was the catalyst got you interested in Real Estate and its possibilities – and those then brought you here !!

This thread has been a really good combination of “early learnings”, thus I want to add a recent Article that…[Read more]

Hi Nan,
I believe it goes deeper than “before settlement or after”. My understanding is that a “repair” is only valid once a property has been receiving rental income. If you are to “repair” ahead of renting, then the cost may not be deductible except to offset any Capital Gain on sale.

I think of it like this – the ATO sees you buy a…[Read more]