Total Members: 158,529

chrisconuts

  • chrisconuts replied to the topic To those of you who have more than one IP in the forum General Property 17 years, 10 months ago

    Great topic, its great to hear other peoples stories. When I was in NZ recently I picked up a book by Phil Jones composed of anecdotal stories from peoples experiences, not sure if it has hit the shelves here yet. I recommend it.

    I am 32 and don’t own any property, I’ve spent the last 10 years at uni and building a career, now I’m paying for it!…[Read more]

  • chrisconuts replied to the topic First Home Buyers Grant in the forum Help Needed! 17 years, 10 months ago

    I stand corrected. Thanks for pointing that out!

    Chris

  • chrisconuts replied to the topic Invest or wait? in the forum Help Needed! 17 years, 10 months ago

    I think Perth would probably be the worst place to look for easy CF+ property at the moment. It takes time for rents to increase after a rise in prices to improve yields.

    On a good point I’ve noticed in Melbourne that after reaching the lowest yield levels in 10 years, rents are on the increase while prices have dropped further. I guess the same…[Read more]

  • chrisconuts replied to the topic First Home Buyers Grant in the forum Help Needed! 17 years, 10 months ago

    I disagree. The first home owners grant is only available to someone who hasn’t owned a property before, once you have owned a property you aren’t eligible:

    From http://www.firsthome.gov.au/

    “Neither the applicant nor their spouse (or de facto) must have owned and occupied a home after 1 July 2000.
    Neither the applicant nor their spouse (or de…[Read more]

  • chrisconuts replied to the topic House Price Prediction – 2016 in the forum General Property 17 years, 10 months ago

    Theres a number of worthwhile considerations which haven’t been made which would affect the outcome of the scenarios. Unfortunately, a lot of them are unpredictable and hard to enumerate. Such as:

    1. Population growth – Australias population will continue to grow. This means demand for more housing. Also, if more people are of working age and…[Read more]

  • chrisconuts replied to the topic FHBG Vs Renting in the forum No Subject 17 years, 10 months ago

    You can claim it if you have already owned a home. It can’t be claimed on second or subsequent homes if you haven’t claimed one before, thats the way it reads to me anyways! [blink]

    “To qualify for assistance, neither the applicant nor their spouse (or de facto) must have owned a home prior to 1 July 2000, either jointly, separately or with some…[Read more]

  • chrisconuts replied to the topic FHBG Vs Renting in the forum Help Needed! 17 years, 10 months ago

    You don’t need to live in the property for 6 months within the first 12 months. You simply need to COMMENCE occupancy within the first 12 months of ownership. That is how I interpret the clause below from the govt. website anyway:

    “Will at least one applicant be occupying the home as his or her principal place of residence for a continuous period…[Read more]

  • chrisconuts replied to the topic written offers – Help please in the forum No Subject 17 years, 10 months ago

    there is a great article on this in the July Aust. Property Investor magazine.

    Chris

  • chrisconuts replied to the topic Rental yield figures in the forum No Subject 17 years, 11 months ago

    Interesting stats. Does that make you think there is an adjustment to be made over the coming 6 months – 1 year back to 5-6%?

    Chris

  • chrisconuts replied to the topic CF+ Properties in Ballart – your thoughts plz… in the forum No Subject 18 years ago

    what about Frankston in Melbourne?

    Things I can see are:
    – large enough local population to be self sustaining
    – can buy a unit close to CBD and beach starting at $150k
    – access to Melbourne city if needed
    – close to Mornington Peninsula
    – not a lot of land left close to the CDB to develop (vacant land that is)
    – good growth prospects

    I’m not…[Read more]

  • chrisconuts replied to the topic Interest Rates Up! in the forum General Property 18 years ago

    1. Interest rate raise << rates are still low compared to the last 10-20 years
    2. Petrol prices << I’ll give you that one
    3. Lack of job security with the new IR laws << I never believed in unionism anyway, and unemployment is the lowest it has been for the last 10 years, almost too low some would say
    4. Inflation << again, still lower than those…[Read more]

  • chrisconuts replied to the topic Lomas adds to structuring confusion in the forum Legal & Accounting 18 years ago

    I’m with Lomas on this one, whats more important, building wealth or building a complex legal structure to protect yourself from something which might never happen? Have you ever known anyone who actually had this happen to them, apart from a few cases on the news a few years back?

    If you know how to build wealth, then lose it all to a situation…[Read more]

chrisconuts

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