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]

Hi Kristy,
I used to buy API (Australian Property Investor) magazine monthly (about $10). Toward the back of each issue would be a data section – it would variously show Median value increases over 12 months, or rental value increases, etc. for ALL of Australia.

Check out your newsagent and the mag to see if they still do that.

Benny

wouldn’t my property value decrease due to age (10%), and the land goes up buy 60%/4. So my value in land still goes up.

True – but what if your land is only 1/20th of the total land size (you are in a block of flats with 20 units). Your land increase in $ terms is miniscule because you only own a tiny portion. Yet your unit drop of 10% is o…[Read more]

Hi VYAW,

A savvy/experienced investor told me i need to buy land (with houses on it) not units.

The reason they would have said that is because land appreciates while buildings devalue. e.g. If a property gains 50% in equity over x years, that likely reflects something like a 10% loss in building value, and a 60% gain in land value.

Hence,…[Read more]

With the Cash Rate currently at 2.0, I don’t see it going much lower – maybe just one more tick….

But then, I’d not want to see it crank up again too quickly. So, down 0.25 then back up a similar amount?

Voting for the status quo over 12 months. What say you?

Benny

I don’t see the rate going much lower – maybe just one more tick…. But then, I’d not want to see it crank up again too quickly.

Voting for the status quo for 12 months. What say you?

Benny

I don’t see the rate going much lower – maybe just one more tick…. But then, I’d not want to see it crank up again too quickly.

Voting for the status quo for 12 months. What say you?

Benny

Hi Mark,
Good on you – that last comment says it all really !!!

it was very difficult to say no but I just thought to myself “you usually take more than a day to buy a car” but sign away the equity in your house in one day I could not do.

Benny

Hi Kristy,
Maybe start by chatting with a Mortgage Broker. See, it is no good considering buying in inner Sydney if your finances don’t allow it. Better to get a good idea of how much you can spend. This will likely provide some limits as to “where to buy” right upfront. As well as that, just by answering questions the Broker asks will help…[Read more]

Hi Fiona,
Perhaps your nervousness comes from having skimmed over some posts like this one :-

https://www.propertyinvesting.com/topic/4405609-just-joined-members-alliance/page/2/#post-4661898

Read it through carefully, then see if your nervousness has abated, or if it has increased. Be guided by your gut.

Regards,
Benny

Hi Asou,

how can I get away from paying the massive capital gain tax?

Two ways that spring to mind are these:-
1. Wait 12 months before onselling (be sure you check which dates are important – I believe Contract Date applies, and NOT Settlement date…. but check that). In so doing, you HALVE the CGT owing – well, really, you HALVE the amount…[Read more]