Hi, JoelMy partner and I just bought a 2 bedroom apartment 14 kms from Melb CBD ourselves. The apartment was completed in 2005 and is under 2 yrs old. The vendor was asking $325K – 355K and we ended with $331.25K with some conditions. We are going to move into the place, stay for a while to utilise the FHBG and then move out. So, yes,…[Read more]

Hi, aoIf things are getting a little quiet in the RE market in your area, perhaps it is time to get a move on if you have done your research. Steve did mention in his first book that just a couple of months before the FHBG came into the picture, the RE market got rather quiet is people were waiting for the grant to kick in. If people are waiting…[Read more]

Hi, IslandgirlIt is definitely important to figure out what is it you want from RE investing; it is capital growth, earning a cashflow to replace earned income, want to be filthy rich… from there, the types of strategies would tend to be determined by what you want. My partner and I are finally looking around for our first home, checking out th…[Read more]

Buy now if you can. Anything below 'market' value is better than paying at market value or above.You have to figure what loan features you would need in accordance with your plans. A 100% offset account would be good as you got some spare cash and plan to use that money in the future. RegardsDaniel Lee

Hi, Could someone provide some answers to my two questions. This would give me a better idea when I go talk to an accountant.RegardsDaniel Lee

HiThis is what I would do.Have a chat to the vendor on why he / she wants the cooling off period waived. There could be a number of reasons as mentioned, and instead of speculating, just ask. Be open on your side and inform that you are still interest, and will include Pest , Building and Finance clauses. The vendor could be honest and just say…[Read more]

Hi, PizangMy definition of rich. Enough passive income so that I can do the things I want and spend time with loved ones. So, I say a lazy million in the bank and $5M in net worth.RegardsDaniel Lee

Hi, PurpleRefer to some of the old threads. There have been a number of discussions on P&I or IO, their pro and cons.Really depends on what is your investment strategy, if you have one. If not, best to develop a investment strategy first before moving further into IP.Would also be good to find out the deep-seeded reasons as to why you are…[Read more]

Hi, SteveI too have been guilty of complaining about the site and not offering solutions. Have not been back to this site for about 3 weeks now and, to my pleasant surprise, it has incorporated a mixture of the appeal of the old site and the speed of the new one.The new site looks good. Keep it up, Steve and Team.RegardsDaniel Lee

Hi, LA Aussie and S.O.GThe two of you have pretty much dominated the conversation so far. You two can keep going at it, but let me chip in my 2 pennies worth.If you are renting and am saving up to buy a PPOR, put your money into high-interest internet accounts. Have to pay tax on the interest earned though. My partner and I are doing that. We…[Read more]

HiIn my first glance at the new format some weeks back and surfing around for a while, I quickly found myself wanting to go back to the previous format which was more user friendly.After a few weeks of not going to PI.com and coming back today, I still find wishing the site would go back to its old format, especially when it came to keeping track…[Read more]

Hi, guys

Not wanting to enter into the middle of the discussion between Ausprop and Foundation, just seeing if I understand what the two of you are saying.

In my personal view, the actual value of houses would still increase at an inflationary amount, so that $600 billion in true housing value would increase over time, as well as the amount of…[Read more]

Hi

I think after 9 months of discussion, it looks like there is unlikely to be a crash or a major housing price correction anything soon. just a gradual slow down in the raise of housing prices.

So what is the moral of the story? To me, it is simply to make do what the current situation and just ride the wave the best you can.

Regards
Daniel Lee [specs]

Hi

I was thinking of introducing this topic on the forum when I saw the EFM on TT. Looks like Richard T beat me to it…

Was telling my partner that this loans only work on the demand side and would drive prices higher. Now, home buyers have an extra ‘20%’ loan from their ‘equity partner’. Will not be surprised if housing prices start going…[Read more]

Hi,

Foudation: Thanks for your insight. Most interesting as usual. Personally, I believe that with the increasing debt domestically, something has got to give. Something like what is happening (or going to happen in the US, maybe? LA Aussie: Any comments?).

In the end, best to do the due diligence (as mentioned by Ausprop), buy a place that…[Read more]

Hi,

Let me just say that I have found Foundation’s and Wealth’s view on the future macro and micro housing pricing most interesting in this thread as well as in others.

Currently, my partner and I are renting and are looking to buy in the later half of next year.

So, Foundation and Wealth-for-Life, what are your personal recommendations on for…[Read more]

Hi,

Let me just say that I have found Foundation’s and Wealth’s view on the future macro and micro housing pricing most interesting in this thread as well as in others.

Currently, my partner and I are still renting.

So, Foundation, what is your personal recommendations on what a young couple wanting to get into the property market by next year?…[Read more]

Hi,

Let me just say that I have found Foundation’s view on the future macro and micro housing pricing most interest in this thread as well as in others.

Currently, my partner and I are still renting.

So, Foundation, what is your personal recommendations on what a young couple wanting to get into the property market by next year? Considering the…[Read more]

Hi,

I am just curious if Peter Hutchy is still reading his own thread, because it seems like he has no more input into this issue.

Regards
Daniel Lee [specs]

Hi, Maxolau

I do not have reno experience. At my current rental, it has a very 80s feel to the place, including kitchen bench tops with a lime green plywood layer on it.

One kitchen reno question on the thin plywood layers on the kitchen bench tops. When you mention replacing the plywood layer, do you mean just simply rip out the old ones and…[Read more]