Kev,
Richard just made a VERY important point that those dealing with finance daily (like Richard and several others on here) confront on a regular basis. Read this bit again (many times) as it is THAT important:-

Applying to a number of credit unions willy nilly is likely to FRY YOUR CREDIT FILE and could result in a total decline of any…

[Read more]

Hi Pete,

A few things I am reading in there tell me that you may have more options than you think. I’ll mention some that “stuck right out” and see if the facts around them might sway your decision one way or the other. Here are what I read….

1. You had bought it as your PPOR previously, so is it possible that there might be NO CGT to…[Read more]

Hi Richard,

I noticed you used to have instructions to get the article in your signature, but it is not there today.

The number of requests for it was taking this really good thread way off track, so today I cleaned it up somewhat. But I don’t want anyone to miss out on what I KNOW is a very well-written and worthwhile article (thanks…[Read more]

Hi all,
After a recent poll asking “What condition of property makes a better IP (Investment Property)?”, the results were not unexpected, but the comments were worthy of consideration (especially from those who did NOT vote with the majority !!). By condition, we were considering whether to buy an IP new, renovated, or un-renovated.

Here’s…[Read more]

Hi all,
After a recent poll asking “What condition of property makes a better IP (Investment Property)?”, the results were not unexpected, but the comments were worthy of consideration (especially from those who did NOT vote with the majority !!).

Here’s the poll:-…[Read more]

Hi Amie,

I couldn’t help but chime in to tell you one of my favourite recollections. It was about this bloke who was going to Uni to learn to be an Engineer. He also had a passion for Real Estate and was always looking for ways to make a bit of money in Real Estate. Well, it happened that he finally gained his degree, and started looking for…[Read more]

Hi Ben,

From a bank valuers perspective do you think there would be any negative impact on not having a bath at all (just a good size shower) as opposed to keeping the shower/bath setup?

I can’t answer from a bank valuer’s perspective, but do consider that if you are renting to young couples and they choose to have a youngster, then not having a…[Read more]

Though I voted for the “old, tired, rehab property”, I totally understand that different people with different needs, risks, ages, etc will have a different vote. Katarina commented well on that – i.e. “What kind of investment are you after?” etc.

And then TaylorChang made a sage comment with this :- “I often found some people paying too much…[Read more]

Hi Limumeng,
Just be sure to factor in the costs associated with selling. Make sure you are aware of “close to actual numbers” just so you don’t get a nasty surprise.

Benny

Hi Aljc,
Hmm, since nobody has “got up to dance”, I thought I would add my views on your question. I’m not a professional, so my words are “just another opinion” to be thought about, taken up, or discarded – whatever suits you.

My reaction to your question was to mutter “Seems to me these are Sales Agents alright – and they are doing a big…[Read more]

Hi Lee,
Seems to me you are starting from a good place!! Having that equity means you ahve the capability of “moving on into property investing”. I would caution against doing too much, too quickly. You may be getting an inkling that “There is a lot more to know” and I would agree. Take some time to learn as much as you can from those who…[Read more]

Hi OBTS,
I always get a bit concerned when I hear “purchased an IP property, under the advice of Financial Planning firm.” There are those firms that do the right thing, and then there are those that don’t !! What have they sold you, where is it, what is expected rent, etc.

Please add a bit more detail – see, I can’t work out what you…[Read more]

Hi KC,

Do a Search and I am sure you will come across this subject. I know they have been discussed in the past. Here is one thread that mentions one (or all) of those names…..

https://www.propertyinvesting.com/topic/4403940-western-sydney-property-group-bathla-investments-stanhope-gardens/

Just noticed you wanted recent comments – the…[Read more]

Hi KC,

Do a Search and I am sure you will come across this subject. I know they have been discussed in the past. Here is one thread that mentions one (or all) of those names…..

https://www.propertyinvesting.com/topic/4403940-western-sydney-property-group-bathla-investments-stanhope-gardens/

Benny

“Once upon a time, bank interest rates were closely tied to, and tracked the RBA cash rate.”

So true, Jacqui. I watched (in horror) as the gap steadily widened after the GFC hit. What had hitherto been a 1.3% gap quickly became 2%+ Nice work if you can get it – become a Bank.

And, much like RE agent’s fees (where the 2.5% commission was once…[Read more]

Hi darkness,
I wouldn’t be too stressed, and would just go get a depreciation schedule anyway. As I recall, a QS will cover a lot more ground than a builder will anyway, and usually come up with a far more complete list of depreciable items. e.g. the builder might provide the cost of a stove, but he won’t be including the cost of the…[Read more]

Hi Vyaw,
Hehe, why would I tell you that you are investing wrong? Your story reminds me of the Mexican fisherman:-

http://www.wanttoknow.info/051230whatmattersinlife

Sure, you could try other stuff if you wanted to, but it seems to me you don’t need to, and you could just keep doing what you are good at until you choose not to. Well done.…[Read more]