Hi Damien you are correct that CG is essential but I don't aspire to the old notion of Yield OR CG. Nor do I have "hope" as a strategy. I'm to impatient (and getting too old) to wait for Cg so I make my own. I buy under value, reno and in doing so create 20% increase in equity in a month and increase yield to 8-9%. So I have good equity (to…[Read more]

Nigel Kibel wrote:
It really comes down to wear you are buying. Frankly I would rather buy a townhouse in an inner city area rather than a house in the outer suburbs. There is a mistaken view that a house with land is a better investment. The reality is the land the townhouse sites on in an inner city area is far more valuable based on a per…[Read more]

Damien Y wrote:
Hey Wilko, Property investing is relatively easy to understand compared to other forms such as a investing in the stock market. Just read a couple of good books, magazines and property forums and within a few months you should have a fairly solid understanding on the basics. The other thing you may find is that you really enjoy…[Read more]

You can afford to pay out $10,000- $15,000 a week?   So you have $520,000- $780,000 a year spare money?  Want a wife??

Hi, some great advice above. Just to add. I would not ber buying in a place that had 8% yield and no growth. 8% will not be cash flow positive and with no growth you will be in a worse position in 5 years time. Cash flow is nice but you must have CG in order to get ahead (at least keeping with inflation). Of course some people buy where there is…[Read more]

VerityHodge wrote:

Catalyst wrote:

VerityHodge wrote:

Catalyst wrote:
You can do that but I find mostly Real Estate Agents don't have vision. ie -they can't see what it WILL look like. Look on the net at what's available for rent. That will give you an indication. Look at what renovated places go for. It's hard for an agent to know because…[Read more]

VerityHodge wrote:

Catalyst wrote:
You can do that but I find mostly Real Estate Agents don't have vision. ie -they can't see what it WILL look like. Look on the net at what's available for rent. That will give you an indication. Look at what renovated places go for. It's hard for an agent to know because they don't know the quality of your…[Read more]

Yep, I agree, Nathan's great. Honest, straight talking <moderator: delete language>. He gave me the push I needed to go from casual property investor to being addicted (in a good way) LOL. And you deal with him. Not some salesman that works for a company.At least one of the companies you mentioned is just a house recycle factory. Knock em up, spit…[Read more]

Terryw wrote:
I would imagine that your interests in the property would be treated separately.If you are renting the property out after establishing it as your main residence then the CGT exemption could apply if you have no other residence which you are classing as a main residence

Unless they are living together? Say if he was renting at her…[Read more]

haha. All these first time posters who just happened to find this forum and coincidentally have all bought though the same place. WOW!! I'm amazed What a coincidence. You must think we are a dumb lot. This sort of thing would ensure i NEVER looked at this company. If they need to stoop to this level to get recommendations there must be something…[Read more]

The Dark Knight wrote:
I've just organised to get a flat pack kitchen for a renovation.

WHY????  I would never buy a flatpack kitchen. Too much hassle and wasted time. Splashbacks aren't that hard. As long as you can see straight it's only a few rows of tiles. I've done a laundry and would have a go at a kitchen now. Look up Youtube. I'm sure…[Read more]

There are a lot of factors to take into account. for example where you live. If you want to live in an area that has a low yield you are better off renting and buying an investment property in an area with a high yield. Eg house to live in may be $500K to buy. Rent may be $500pw. You could buy that house and save $500pwBut if you bought 2 IP's (at…[Read more]

I've seen quite a few go on the market at the reserve (sometimes higher) because 70% of people don't like auctions so there is a chance they ill get it in the open market. Just keep your eye on it.

Correct ygue. But at some stage the bank has to sell it. If you are interested, let your bid be known. Revisit them and see how it's going, letting them know your offer still stands. Doesn't sound like you'll get a bargain though if value is close to the reserve. You never know though. They may get desperate. And they will chase the previous owner…[Read more]

Laury wrote:
Man up or stay with TICAlways liked someone who calls a spade a spade!

Yep that's me. Glad I didn't cause offense. I sometimes go overboard. I met some TIC people at the property show last year and thought I might go to one of their meetings as I find networking very rewarding. But the meetings seem to be geared at beginners and…[Read more]

Point Piper. Only because if I could afford to buy there I'd be as rich as I need to be. And I'd love the lifestyle of living there.

Do your own research. Why would someone selling their house care want to do everything for you. One would assume anyone looking at a house in an area would look where the house is (try googlemaps). and if you don't know what the suburb has to offer and the median prices of the suburb you are NOT ready to go it on your own. These are basics. As for…[Read more]

While you are working a neutrally geared portfolio may work but unless you follow the Living OFF Equity Model you won't be able to quit the workforce. A positively geared portfolio can give you enough cash to retire. Cash will give you a living but it will not make you rich. You also need Capital Growth. If your properties never go up you will…[Read more]

PISTORE wrote:
The idea with any property investment strategy is to aim for a neutrally geared portfolio.

Really??? What's the point in that? OK if you're working a job I guess but it certainly wouldn't be anyones aim.  My investment strategy is to be POSITIVELY geared. I want to be making money. The more positive my portfolio is the more…[Read more]

Are you looking for an investment or to live?