Hi Ajax,
A quick look at realestate.com.au tells me that Drysdale’s median price is around $400k and that rental returns tend to be around 4%. This varies with size of house and land though, so more needs to be done ahead of making a choice. I have no knowledge of the likely capital growth of Drysdale so no help there.

What I would say is…[Read more]

Now THIS bloke makes some sense !!
http://www.theage.com.au/comment/neative-gearing-isnt-the-bad-guy-in-the-housing-debate-20160427-gog59a.html

Bill Shorten should have a good read of it before continuing on with his plan to “Axe negative gearing”.

And Brett, I actually agree with most of what you are saying. Only problem I have is that a…[Read more]

From the SRO Vic website :-
If you ordinarily reside in Australia, you are not an absentee individual.

So, it seems this “absentee owner” is NOT everyone who is a landlord (thank heaven). The SRO has a few more tests to check though, as even a citizen or resident MAY be absentee if they are out of Australia for large periods of time.

Check the…[Read more]

A good question from Dean Collins:-
what the heck is an ‘absentee owners’

There is also a nasty little increase to land tax too for ‘absentee owners’ – an increase from 0.5% to 1.5%

Was that a sudden switch from “overseas investors” being affected to become “interstate investors” now being affected? Or, could a Victorian investor from Ball…[Read more]

A good question from Dean Collins:-
what the heck is an ‘absentee owners’

There is also a nasty little increase to land tax too for ‘absentee owners’ – an increase from 0.5% to 1.5%

Was that a sudden switch from “overseas investors” being affected to become “interstate investors” now being affected? Or, perhaps even a Victorian investor…[Read more]

Hi Kevin,
Thanks for the heads-up, Kevin – I’ll ask Admin to take a look and report back,

Benny

Hi Kevin,

Welcome to the forums, and what a good question (or questions) to start off. At risk of sounding “obvious”, you are finding that property investing is far from a few simple steps. Though the tenet is simple – buy houses to make money – the reality is far more complex, eh?

Now, if i have understood my reading and webinar sessions…

[Read more]

Hi Kevin,

Welcome to the forums, and what a good question (or questions) to start off. At risk of sounding “obvious”, you are finding that property investing is far from a few simple steps. Though the tenet is simple – buy houses to make money – the reality is far more complex, eh?

Now, if i have understood my reading and webinar sessions…

[Read more]

Hi Kevin,

Welcome to the forums, and what a good question (or questions) to start off. At risk of sounding “obvious”, you are finding that property investing is far from a few simple steps. Though the tenet is simple – buy houses to make money – the reality is far more complex, eh?

Now, if i have understood my reading and webinar sessions…

[Read more]

Congratulations, Peter. That is great news !! Will it be positive geared once rented at your projected rental? Once it is all settled, share some of the numbers with us. It will be good for others starting out to hear that such deals are still “out there” in the current climate.

Benny

Congratulations, Peter. That is great news !! Will it be positive geared once rented at your projected rental? Once it is all settled, share some of the numbers with us. It will be good for others starting out to hear what you have been able to achieve in the current climate.

Benny

Hi San,

The content on web, sentiments of people I meet say its not the right time to invest because price is going down, its selling time not buying, the property bubble is going to burst etc. They also give example of over supply of apartment sin Brissy, McGrath share price fall, 10-15% price down in Sydney etc.

We all hear such things – the…[Read more]

Hi Glen,

Good post, and well thought through. No, you are not missing anything at all – you have it dead right.

Top answer from David too – so many people DO lose money, with several “advisers” promoting negative gearing (the science of losing money on a weekly basis in hope of a Capital Gain down the track).

Just this week Jason…[Read more]

Hi Ragulan,

You are just a week too soon…….

https://www.propertyinvesting.com/topic/5023761-steve-mcknight-2016-millionaire-mega-conference-melbourne/#post-5023873

Benny

Hi JP,
I agree with JamieM. Take it to a Broker (JamieM is a good one) and they can look at your Wage, debts, equity, savings, etc and can make recommendations re “which bank” to go with for best effect.

Who knows – maybe your MB can steer you toward a loan that has you buy a positive geared property that throws off cash that can be used…[Read more]

Hi Pete,

A licensed person that you engage to find a property that meets your requirements.

Where a Seller goes to a Real Estate Agent to have them SELL his property, a buyer might search for a Buyer’s Agent to help him BUY a property. e.g. You might live in Melbourne and want to buy in Brisbane – a Brisbane Buyer’s Agent would have local…[Read more]