It’s definitely a great thread for us learning the ropes of property investing.

I cringed as I read smoothsatin’s first reply.[wha] I believe everyone is entitled to their opinion, but I would practice tolerance and careful with the racial tone, it’s proving unpopular. As far as Minh Phat breadshops go, they’re one of my favourite customers.

I…[Read more]

Don & Liz, I take my hat off to your achievements. You have the foresight and intuition to take actions. I’m too cautious but I’ve learnt a lot in the past months.

I thought Marsden’s was just being curious, not being antangonistic at all, as we’re all here to learn from success stories we found so inspiring.

I’ve talked with people in the…[Read more]

It’s great to hear your success, John. Wouldn’t mind a little more info on how you started.[smiling]

CT

Thanks V8ghia, it’s a relief to hear from you, I almost gave up on trying to make a claim.

I do not know for sure if our “still new” estate is prone to fluctuations of voltage. There were times when I found our digital time clock flashing in the morning. It seemed that they occurred in the wee hours in the morning.

The repairer might be trying…[Read more]

Hi ColGarras,

No idea how one can do it. But the only way I know is with higher deposit for properties in close to CBD. It maybe too restrcitive and concervative for returns on sum invested. Time in the market will make -CF properties positive, boring but true.

To fast track – you may need to check out or search posts here on creative…[Read more]

LifeX, thanks for your input and cautionary analysis of the property purchase experience for wealth creation for the benefit of all in this thread.

Honestly, I’ve not completely opted out of the property market in Melbourne; it definitely

* provides an alternative to shares – diversify into a bricks and mortar for solid growth,
* slowly becoming…[Read more]

Isn’t that so true, ttman.

I’ve got to pick and choose which one I’d go; some are just full of spins. I’d like to add that one needs to ask if:-

* there is a conflict of interest in what they are offering,
* do they empower you to invest and create wealth; or merely preying on your lack of “sophistication”.

Been to a boutique investment…[Read more]

Hi celeste, I can only speak from my lack of experience in property development; I think you’re facing a lot of supply side competition. You rightly said:

tho looking on this shires development plan there is a heap still in planning stage yet to be developed.

I’m in South Eastern VIC, living in one of those newly developed estates (four in all)…[Read more]

Hi vyaw2003, I think it can be made by ensuring that one is prepared to do the due diligence on the following (not in any particular order):

* Structure the business setup of property purchase to maximise wealth
* Buy under market value (getting the market comparables on recent sales prices in a particular area)
* Add value sticking with…[Read more]

According to the experts, which I’m happy to regurgitate, when

there is no more land left (all sold), before
driving scarcity of land to meet ‘pent up’ demand, if any.

A year or two if you’re patient. Maybe looking at the demand of renters would be a good judge.

I have to reluctantly agree with arrowsmith. There are creative ways to come out in front to invest in properties (residencial) like LifeX managed to. It still seems too much hard work (plus risks) for novices to learn the rope fast enough to get a grip on the best way forward.

With current tax regime and super changes, it makes sense to cast…[Read more]

Interesting post, Kim. I’m working through the maze of government new and proposed policies changes while getting appropriate advices on general investing issues to maximise returns.

My accountant and I finally had a open minded discussion to come to a amicable solution in event he couldn’t meet my requirement with a set plan mapped out.

He has…[Read more]

Finally, the pennies started to drop. Thanks Terry.[lmao]

CT

Without a sustainable future there will be nothing to look forward to, let alone building wealth. I hear the message and try hard to our bit to make a difference.

At home we recycle, reuse, reduce waste, installed twin 4500L tanks to flush toilets and water our vege patch, do way with lawn, looking closely at harnessing solar energy as the cost…[Read more]

Hey fernfurn

Why only the first home buyers get the discount of 1% stamp duty? Looks like we’re all missing something.

At the end of the day, the price will catch up with demand increases – government intervention (though welcomed) usually defeats its purpose.

CT

Thanks for your reply Terry to my questions on LMI:

LMI is generally only paid if the LVR exceeds 80%. However, you may have to pay it on some low docs at lower LVRs.

So if you can borrow the 20% deposit from equity in another property (eg a LOC), then you can avoid LMI. Having a trust doesn’t change this.

My query relates to a unit holder of a…[Read more]

Hi all

I’ve done a search on the forum, one post maybe of interest along this line;

Urgent Help Needed – Title and Loan in Different Names.

Sorry as I tend to jump in and get off the topic at times.[wink]

CT

Much obliged Terry.

I’m cautious and don’t have great appetite for debt at the moment. But the experts are touting it the best way forward. My current bank is not one to let up in taking more security than it needs, and I hate paying hefty LMI.

Back to reading more of your posts on LMI; and the legalities of avoiding one by finance through…[Read more]

Thanks John, your calrification helps indeed.

I agree we need good advice from appropriate sources. This issue of negative gearing from a hybrid DT setup had me puzzled for a while; I’m glad to hear pointers from valued forum contributors – their generosities are much appreciated.

From here, there is another issue with structuring finance to…[Read more]

Just one point, Carpenter. Try not to lead on you’re using any yardstick for your search.

RE agents are keen to “tailor” properties to you, and the reality usually does not stack up to their selling pitch.

Research rental demand stats in your area(s) maybe worth the trouble.

Cheers
CT