If you can get newish,high capital growth properties that are slightly neg. geared or neutral after tax, they will eventually become CFP because of rent rises and then you have the best of both worlds. This is what I have done and my wage is a fair bit under $100K.
My properties have been through their respective capital growth cycles and they…[Read more]
I have a property in Mango Hill (Northlakes estate). I bought the land and got a builder to contruct a 4x bedder for me. I also use to own a property in Deception Bay.
I think you will do well out of Morayfield because the ripple effect of price rises is pushing up from Brisbane and down from Caloundra/Maroochydore.
I would not discount areas…[Read more]
A helpful tool for checking out remote locations is http://www.earth.google.com. I don’t blame you for looking outside of Perth the yields are generally VERY low. Prices have risen fast and it will take quite while for rents to catch up.
Go to the reports page of my website to get the latest information on the micro property cycles for each major…[Read more]
crusher replied to the topic they said 30% fall was impossible..yet we have 43% in the forum No Subject 14 years, 1 month ago
Isn’t everything we read in the media the truth?
Show me the professionally analysed data from Residex and then I will believe what you’re saying.
Try ‘Margaret Lomas’ books. They are very good. Don’t limit yourself to just her strategies though.
You can also get a very affordable property investing course from http://www.untoldwealth.com.au/index.html
Also check out my own website and blog which I hope will help you as well.
Here is the valuation industry definition of market value-
â€œMarket Value is the estimated amount for which an asset should exchange at the date of valuation between a willing buyer and willing seller in an arms length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently and without com…[Read more]
An article by Terry Ryder in the July ‘Money’ magazine states that “Mt Morgan has Queenslands highest unemployment rate and has shrunk to one quarter of the numbers that lived there during it’s mining heyday.” The article also states “Mt Morgan these days tries to get by on its meatworks, an egg farm and tourism based on its mining…[Read more]
Check out the resources and links on my website. I am sure that you will find them helpful. You will find some very useful information in the ‘reports page’ area. I will be publishing more information on it soon.
Here is something you could try if you find out that you are contractually obliged to pay the $6K. You could ask if the homebuyers centre would take a credit card payment and then apply for a 0% interest credit card for 6 months. This card gives you interest free on transfers AND PURCHASES!! http://www.citibank.com.au/cardsoffer/offers/g…[Read more]
It may seem odd but a rise in petrol prices actually strenghtens the case for a interest rate rise because it forces increased spending which in turn puts more pressure on inflation. The last rise was a perfect example-petrol prices had just risen and the RBA then put rates up (on a line ball decision).
The RBA tries to keep inflation…[Read more]
Interesting little propaganda site against Neil Jenman. I notice that there is no mention at all of who the publisher of the website is. At least Neil has the guts to identify himself to those he is critical of.
People usually love or hate Neil but I know that he has campaigned strongly for many battlers and those that have been ripped…[Read more]
I recommend that you contact Neil Jenman and ask him for a trusted and reliable agent in your area.
A relative of mine used an agent that adhered to the Jenman system and when she got tired of waiting and was willing to sell quickly the agent said “No, I will get you $10,000 more” He worked harder and longer and got her the…[Read more]
The data from ‘Herron Todd White’ independant valuers points to the Brisbane market bottoming out. From recent anecdotal evidence I believe it’s now starting to rise (and this is the logical progression in the cycle). Rents have recently risen dramatically (especially for houses) and now yields are more attractive for the investor so…[Read more]
Look at it this way- Michael Yardney has organised for 600 like minded people to come and network with you. I am a bit of a seminar junky and the great people I have met, friendships I have made and opportunities that I have uncovered at every event has all been worth the time, money and effort spent.
I am looking forward to the…[Read more]
Good to see you took my previous reply in the way it was intended. [biggrin]
The thing about market price is that a valuer may value a house @ $200K, then he/she sees the that the price you have negotiated to purchase it for is $180K. Guess what, the market price is now $180K. $20K straight off the valuation -just like that, just…[Read more]
You’ve given a fairly accurate description of what happens. Some agents are after quick turnover=fast commission=more commissions per year =more money for agent per year.
Why drag out the selling process trying to get the best price for the vendor when you can condition the vendor down to accept a price that will be snapped up…[Read more]
- Load More