PropertyInvesting.com | daniellee | Activity https://www.propertyinvesting.com/members/daniellee/activity/ Activity feed for daniellee. Sun, 12 Apr 2026 01:05:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 e784467d95646fed01a71adcb168012d daniellee replied to the topic Help needed on loan and portfolio structuring in the forum Help Needed! https://www.propertyinvesting.com/topic/4402520-help-needed-on-loan-and-portfolio-structuring/#post-4640060 Fri, 21 Jan 2011 02:56:31 +0000 APerry wrote:
Whether or not you use a trust to buy shouldn't have an affect on your servicing.

Hi APerry,When we went to the bank, they calculated our borrowing ability and said that as we already had a PPOR and guaranteed the trust loan, we were at our limit and so no more money was available. This was because as Directors of the trustee…[Read more]

]]> 97bd87c468b70bc58ae1a0c74de2d5f2 daniellee replied to the topic Wider Motivations for Investing in the forum General Property https://www.propertyinvesting.com/topic/4402131-wider-motivations-for-investing/#post-4637759 Wed, 05 Jan 2011 03:29:22 +0000 Marthamel wrote:
I have been tumbling this question over in my head for a while… what drives people to begin property investing? Obviously there is the obvious "increased wealth" … but what does that mean for people? And does anything else come into the equation? Why property? Why now? Do you have any altruistic motives? If you own rental…[Read more]

]]> d7be98e3d15b739025f2cd4ced2919e7 daniellee replied to the topic why does everyone want to retire at 40??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399778-why-does-everyone-want-to-retire-at-40/page/2/#post-4623548 Wed, 27 Oct 2010 23:58:26 +0000 It is the freedom or the choice of not working that entices people to seek out 'retirement'. My aunt, based in Singapore, aged 54 yrs, works roughly 10 hours a day with a global company, has 5 properties under her belt (1 in Melbourne, 1 in Sydney and 3 in Singapore). She is leveraged to about 80% and is focused on paying down the debt, so she can…[Read more]

]]> 2359baf7fef8f0383d9ad2510a7a421f daniellee replied to the topic robert kiyosaki in the forum Opinionated! https://www.propertyinvesting.com/topic/4393548-robert-kiyosaki-3/#post-4589289 Thu, 29 Jul 2010 00:18:41 +0000 HiRK's Rich Dad Poor Dad did it for me when I was around 18 yrs. Got me started on the investing journey. Years down the road  in an heated debate, my best friend accused his books of taking away the old 'me' and that the current one is a fraud.  RegardsDaniel Lee

]]> 48545d2c1e4430ee7e81274b152d7ff3 daniellee replied to the topic Kitchen benches - what do do with laminate? in the forum Value Adding https://www.propertyinvesting.com/topic/4400624-kitchen-benches-what-do-do-with-laminate/#post-4628394 Thu, 29 Jul 2010 00:10:30 +0000 Hi DarklordYes. You can repaint a laminate benchtop. That is exactly what we did with our IP. It has an old wornout benchtop from the 70s and we did not have the budget to relaminate. Suggestions from the forum led me to my local paint shop where I bought a bonding agent and a small can of enamel paint for laminates. I cannot recall the name of t…[Read more]

]]> 24785a2124c3c530b87fa9c780bf1a4e daniellee replied to the topic Is now a good time to buy an IP in the forum General Property https://www.propertyinvesting.com/topic/4400689-is-now-a-good-time-to-buy-an-ip/#post-4628816 Wed, 28 Jul 2010 03:44:39 +0000 Hi Wonderland,It might be good that you spend more time learning about property investing, investor concepts and investing psychology. Many of your fears can be answered when you understand more.Regarding savings, it is good that you are doing so. You also have to remember that not many can save more than the month appreciation in property prices,…[Read more]

]]> e667a34968de6d32a641ed84544b0a0f daniellee replied to the topic Best things to reno to increase rent in the forum Value Adding https://www.propertyinvesting.com/topic/4400550-best-things-to-reno-to-increase-rent/#post-4628031 Wed, 21 Jul 2010 23:43:06 +0000 Hi dbliss, We purchased an old 2BR property also around the same age in May 09. Initial rental appraisal was $301 per week. Did the following on a small $12K budget with much of our own labour. 1 – Restumped with new concrete stumps. That sorted out the bedroom doors not being able to close. ($4700) 2 – Got a tradie in to replace the single hung w…[Read more]

]]> 5e79d0a5841f8bd321a29a88cb4a64f1 daniellee replied to the topic why does everyone want to retire at 40??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4399778-why-does-everyone-want-to-retire-at-40/#post-4623514 Tue, 04 May 2010 02:30:23 +0000 House Call wrote:
  My personal interpretation is that what people  mean is that they want to be financially independant by 40…I would go differently and say that it is better is to 1. have someone to love2 have something to do3 have something to plan/dream/look forward to for ( and this is where the whole financial/investing in IPs comes i…[Read more]

]]> 313f86189db92507840a915d725b2e77 daniellee replied to the topic Property investing with alot of cash, but little income? in the forum General Property https://www.propertyinvesting.com/topic/4399662-property-investing-with-alot-of-cash-but-little-income/#post-4622991 Thu, 29 Apr 2010 23:51:17 +0000 danviv1 wrote:
Hi dogkangaroo,So both of your IPs are negative geared, plus you have to pay rent for the place you are living. Based on the current tight lending policies, you may have a difficult time getting a loan for a 350k place (even if it is a 80% loan and you use all the 70k as 20% deposit). And you will need extra 10-15k to cover the…[Read more]

]]> 8f38bce10c6c7a5f6f472c1631b71014 daniellee replied to the topic Transfer of assets into a trust and Duty payable in the forum General Property https://www.propertyinvesting.com/topic/4399615-transfer-of-assets-into-a-trust-and-duty-payable/#post-4622750 Fri, 23 Apr 2010 02:32:24 +0000 So the next question would be: what is the cheapest way of transfer a property to a trust without incurring stamp duty?RegardsDaniel Lee

]]> b268f99c60d8eb5b60afc6d4ef5c46c2 daniellee replied to the topic Taking Equity Out from my PPOR and Invest in Shares in the forum Creative Investing https://www.propertyinvesting.com/topic/4398986-taking-equity-out-from-my-ppor-and-invest-in-shares/#post-4618423 Fri, 05 Mar 2010 02:43:36 +0000 That is most odd… especially if I could get better returns than through a typical financial planner.Surely there must be another way around this. RegardsDaniel Lee

]]> 75025a8ff85794a958b043651566c7e9 daniellee replied to the topic Taking Equity Out from my PPOR and Invest in Shares in the forum Creative Investing https://www.propertyinvesting.com/topic/4398986-taking-equity-out-from-my-ppor-and-invest-in-shares/#post-4618421 Fri, 05 Mar 2010 01:55:03 +0000 I have a question…Can I simply go to the bank and say I want to take out some equity to invest in the share market? Will my lender be happy to do that, even if the LVR is set at a limit of 80%?It would seem to make sense for a lender to lend the money, as long as the drawn equity can be serviced.Any thoughts?RegardsDaniel Lee

]]> 66631913b7b20076464b97c14e47886a daniellee replied to the topic Investors in Melbourne wanting to join a monthly discussion group? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398280-investors-in-melbourne-wanting-to-join-a-monthly-discussion-group/page/3/#post-4614230 Thu, 25 Feb 2010 01:32:34 +0000 HiSorry I missed the meetup. Have been busy with the baby.Adam, I just emailed you.CheersDaniel Lee

]]> d5aaf456aa096e1d170c1d371e13311c daniellee replied to the topic Creating a Financial Plan in the forum Finance https://www.propertyinvesting.com/topic/4398741-creating-a-financial-plan/#post-4616893 Sun, 14 Feb 2010 23:35:41 +0000 Hi Pasha,Spent more time reading and learning from wealth accumulation and personal improvement books, and also check out this and other property investing forums. Often, there is a direct corelation between your personal abilities / character and the eventual size of your accumulated wealth.Many successful investors are often not deeply motivated…[Read more]

]]> 22a0c9d4192cb3624d92ada5b3249876 daniellee replied to the topic What name do you buy property in, your own or a family trust???? in the forum Finance https://www.propertyinvesting.com/topic/4398736-what-name-do-you-buy-property-in-your-own-or-a-family-trust/#post-4616845 Sun, 14 Feb 2010 23:30:27 +0000 Hi Raewyn5,We purchased our first IP in a Family Trust with a Corporate Trustee. The main reasons for going down the trust route were to run the portfolio like a business even when overseas, and also for income distribution. We intend to have a large portfolio throughout Australia, so income distribution would eventually become a good problem to…[Read more]

]]> 96ec3d1e53d37aba589d1bb4ac0b3cd7 daniellee replied to the topic living off equity in the forum Terryw wrote:If you just https://www.propertyinvesting.com/topic/4395880-living-off-equity-2/page/3/#post-4601875 Sun, 14 Feb 2010 23:21:29 +0000 Terryw wrote:
If you just pulled money out of a LOC the interest wounldn't be deductible. So after many years you would end up with a very large loan with none of the interest deductible.I have been thinking about something slightly different.very roughly (haven't thought this thru properly yet):what you could do is pull out some equity and…[Read more]

]]> 59359e8abaa0d41c857f825911382b90 daniellee replied to the topic Declining property prices in 2010... in the forum Dan42 wrote:daniellee https://www.propertyinvesting.com/topic/4398269-declining-property-prices-in-2010/#post-4614132 Tue, 19 Jan 2010 05:02:46 +0000 Dan42 wrote:

daniellee wrote:
Hi Was wondering about this article…http://www.smh.com.au/business/property-prices-on-way-down-warns-bank-20091204-kays.html1 – There is a general perception that many FHBs have become highly geared in their rush to get into the property market during the low interest months of late 20092 – Credit has been…[Read more]

]]> 34c0e4040a2d556ac2bb3dc09629a856 daniellee replied to the topic Where do I start in the forum Hi Briduff, It's difficult https://www.propertyinvesting.com/topic/4398410-where-do-i-start-9/#post-4614990 Mon, 18 Jan 2010 02:19:18 +0000 Hi Briduff, It's difficult to do things alone. The best way is to visit your local public library and check out the investment section for all the Property investing books available. I found out the best way to learn was to read up on the various techniques, discuss about them on the forums, and then apply them in action. Although this is a slower…[Read more]

]]> 55d77b71db9f5b6a11090fe61e412547 daniellee replied to the topic Continue paying extra off mortgage or invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4398292-continue-paying-extra-off-mortgage-or-invest/#post-4614317 Fri, 08 Jan 2010 05:33:17 +0000 Hi Chrissd,Here is my general advise – Yes. Investment in a property. With at least $4K left over a month, that is a fantastic amount to be saved. I wished my partner and I was able to save that amount a month. Your available equity from your home is $129K ((80% of $430K) – $215K). Keeping your gearing to 80% avoids LMI. With this amount, it…[Read more]

]]> f6274fedb096cb347c8d01fdb08cf895 daniellee replied to the topic Investors in Melbourne wanting to join a monthly discussion group? in the forum Hi, Happy to participate in https://www.propertyinvesting.com/topic/4398280-investors-in-melbourne-wanting-to-join-a-monthly-discussion-group/#post-4614190 Fri, 08 Jan 2010 00:37:28 +0000 Hi, Happy to participate in a informal discussion with no selling please. There are also other groups in Melbourne, which you can find out in other property forums.I have a young family though, so my commitment will be limited, but interested none the less.Live in Oakleigh.RegardsDaniel Lee

]]> d5bf12a11bf1ae71ee1be3813f89524d daniellee replied to the topic is gearing of 36.9% too low? in the forum Hi Simmo, I agree with a https://www.propertyinvesting.com/topic/4398281-is-gearing-of-36-9-too-low/#post-4614266 Fri, 08 Jan 2010 00:34:45 +0000 Hi Simmo,I agree with a number of the forumites; that 37% gearing is too low. You should look to gear up to 70% to accelerate your wealth accumulation. Seeing that you work in an overseas bank, the gearing limit tends to be around the 70% (I know the banks in Singapore tend to work with that figure post-GFC). Also, while you have taken a very…[Read more]

]]> 40f8441b1b7950cc98a2628995f2f196 daniellee replied to the topic When Real Estate photos get to personal – Fail!!! in the forum Heads Up! https://www.propertyinvesting.com/topic/4397627-when-real-estate-photos-get-to-personal-fail/#post-4610734 Thu, 29 Oct 2009 02:16:12 +0000 Oh yeah… way too funny. RegardsDaniel Lee

]]> 57b25738f7aa952d6ca4860a2fb26a27 daniellee replied to the topic How to add value???? in the forum Hi Morgan, My wife and I https://www.propertyinvesting.com/topic/4397477-how-to-add-value-2/#post-4610101 Mon, 12 Oct 2009 23:22:40 +0000 Hi Morgan,My wife and I completed a simple low-budget reno in July 09 on a 2 BR unit we had purchased in May 09. One thing we read and subsequently found to be very true is that we made our profit when we purchased. In the midst of the mad rush that was the First Home Buyer Boost, we bought the unit at $375K, according to council valuation, while…[Read more]

]]> 7b0fc8e5fccb654164e208ca214f1dc7 daniellee replied to the topic Help for first time property investor in the forum Help Needed! https://www.propertyinvesting.com/topic/4397500-help-for-first-time-property-investor/#post-4610179 Mon, 12 Oct 2009 23:07:40 +0000 Hi GPD,A couple of factors to consider.1 – Why are you interested in going into property investing? (Probably the biggest factor)2 – Area of expertiseTo me, if you are after a wealth accumulation strategy, clearly working on your business is the best option. You know your industry inside-out, and are doing very well from it. By diversifying into…[Read more]

]]> 27721df75afed0c22083997766dc5f4f daniellee replied to the topic Governmnt Insulation Grant in the forum General Property https://www.propertyinvesting.com/topic/4397125-governmnt-insulation-grant/#post-4608568 Mon, 31 Aug 2009 12:12:58 +0000 I'm still waiting on the latest update.Just checked the website as few mins ago and it still said the there ceiling insulation for rental properties will be removed.http://www.environment.gov.au/energyefficiency/insulation/index.htmlAnd I was thinking of utilising this benefit next yr! RegardsDaniel

]]> 140848ea7cff7152556820712ec55121 daniellee replied to the topic latest update for Finance for Trusts! in the forum Finance https://www.propertyinvesting.com/topic/4396698-latest-update-for-finance-for-trusts/#post-4606398 Tue, 21 Jul 2009 05:30:55 +0000 Hi, MichaelAre you saying that Ongoing Rebate Plan (ORP) and Single Rebate Plan (SRP) brokers work in similar fashion to businesses like YourShare or InvestSmart, where a portion of the upfront and trailing fees and commission are reimbursed to the borrower?Sound like a question that I asked in this forum a few months back about YourShare setting…[Read more]

]]> b7e6515a250607af3f37fa168b34a80d daniellee replied to the topic latest update for Finance for Trusts! in the forum Finance https://www.propertyinvesting.com/topic/4396698-latest-update-for-finance-for-trusts/#post-4606392 Mon, 20 Jul 2009 06:24:22 +0000 Hi, MichaelWe wanted a basic loan for our IP via a DT, so I went with a mortgage broker while looking through Infochoice on my own. Infochoice came up with MyRate as the lowest cost. I then contacted MyRate and found out that they are backed by ING. As there was a difference of 0.06% in interest rate with almost everything else roughly the sam…[Read more]

]]> d191cbb86411f0254e2c9005f8e047f5 daniellee replied to the topic latest update for Finance for Trusts! in the forum Finance https://www.propertyinvesting.com/topic/4396698-latest-update-for-finance-for-trusts/#post-4606387 Thu, 16 Jul 2009 03:44:11 +0000 Hi, PosThe wife and I recently set up a DT with Corporate Trustee and went with MyRate. The consultant there understood how the whole Trust worked, and was mainly concerned with our salaries, because that was a key factor in determinating the eligible lending amount.The lending rate was still the same as if borrowing in our personal names. The…[Read more]

]]> 6a236b9718f062f9b75819d1cf018f4a daniellee replied to the topic Residential property shortage ??? in the forum Hi The wife and I went to https://www.propertyinvesting.com/topic/4396652-residential-property-shortage/#post-4606151 Thu, 16 Jul 2009 03:34:03 +0000 HiThe wife and I went to check out a rental in the lot of units where we had just purchased our first IP. The unit was rented out before official inspection, with potential renters waiting outside told that the unit had been rented by someone who had not even inspected it at the first place.I think, from a rental point of view, there has been a…[Read more]

]]> 4376c80151491ff04bdabe54d851e5cc daniellee replied to the topic First time to do IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4396720-first-time-to-do-ip/#post-4606511 Thu, 16 Jul 2009 03:16:28 +0000 Hi, MiclkcLooking at a financial point of view, you have to options for funding a deposit for your IP; cash or equity. Cash is really king at this time, so I suggest going to your lender to see how much equity you can access on a separate loan. Also find out how much large a loan you can finance on your income. Most lenders are limiting LVRs to…[Read more]

]]> b33912e0fe7e07a9fe4c1b5829fd5381 daniellee replied to the topic How Much of a Deposit do you need when purchasing a property? in the forum Finance https://www.propertyinvesting.com/topic/4396709-how-much-of-a-deposit-do-you-need-when-purchasing-a-property/#post-4606437 Thu, 16 Jul 2009 03:11:19 +0000 HiI recently took up a 90% LVR IO loan with MyRate via a Family Trust with Corporate Trustee, and they allowed the LMI to be added on top.RegardsDaniel

]]> 29d4883e719951f7ab8fb0d8684ccfc5 daniellee replied to the topic Have we made a mess of our loan structure? in the forum Finance https://www.propertyinvesting.com/topic/4396625-have-we-made-a-mess-of-our-loan-structure/#post-4605972 Fri, 03 Jul 2009 09:04:37 +0000 Hi, Investor SpongeThe wife and I have the very same idea as well, as we have just purchased our first IP, and plan to buy our next PPOR in a few yrs time and covert current PPOR to 2nd IP.What I would do is continue to keep my spare money in the IP's offset account. Not ideal as it reduces tax-deductible debt, but better than putting money into a…[Read more]

]]> 0e92ec5a19243b649fb344533fe11302 daniellee replied to the topic new kitchen benchtop in the forum Value Adding https://www.propertyinvesting.com/topic/4396004-new-kitchen-benchtop/#post-4602462 Fri, 03 Jul 2009 06:05:45 +0000 Hi, NickI like your 'new' kitchen. Am embarking on a small reno ourselves, and going to change the cabinet handles and repaint the cabinet doors.Very nice.RegardsDaniel

]]> 35a65a3e067056fc861ab0b52cc8928c daniellee replied to the topic first reno ... everything went to plan :D in the forum Hi, Karen Good for you. Our https://www.propertyinvesting.com/topic/4396599-first-reno-everything-went-to-plan-d/#post-4605860 Thu, 02 Jul 2009 06:35:27 +0000 Hi, KarenGood for you. Our first IP settles tomorrow, and we hope we can do just as well as you in our reno.RegardsDaniel

]]> fd3246e1cbec6b736da4c6a08d1a8f5e daniellee replied to the topic Worth to Buy? 350k but current capital value is 240K in the forum Help Needed! https://www.propertyinvesting.com/topic/4396583-worth-to-buy-350k-but-current-capital-value-is-240k/page/2/#post-4605788 Mon, 29 Jun 2009 05:05:54 +0000 Hi, JackHave you looked at the council valuation that comes with the sec 32 for the property. In the council valuation, it should provide you with the land value, the Capital improved value and the Net Asset Value (NAV).Land Value – speaks for itselfCapital improved value – value of the the house / unit itselfNAV – Councils typical use this to…[Read more]

]]> 69c695196dfafecb1c6873d153021431 daniellee replied to the topic To Trust or not to Trust: that is the question. in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394947-to-trust-or-not-to-trust-that-is-the-question-4/page/6/#post-4596879 Thu, 25 Jun 2009 05:03:05 +0000 HiA quick update.We purchased a property using the DT and settlement is on Friday 3rd July.Next stop, final inspection and organising the reno.RegardsDaniel

]]> 9d3d9c2ea0d8955b4200e995528c2e43 daniellee replied to the topic In regards to a trust account, who goes down on the loan? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4396558-in-regards-to-a-trust-account-who-goes-down-on-the-loan/#post-4605659 Thu, 25 Jun 2009 04:55:10 +0000 Hi, ChokkoThe Trustee's name goes down on the loan for the home. If you are the trustee, then your name.If the Trustee is a company, then the company's name and signed by the director(s) of the company.The wife and I signed on our first IP in early May using a Family Trust with Corporate trustee.RegardsDaniel

]]> a91f719272104a28d71d94e01fd5aa6d daniellee replied to the topic Nirvana of Property Investment... in the forum General Property https://www.propertyinvesting.com/topic/4396305-nirvana-of-property-investment/#post-4604376 Wed, 17 Jun 2009 06:58:05 +0000 Hi, FionaHere is what I think.You will have to factor in low capital and rental growth for the Melbourne market for the next few yrs on a worst-case scenario, and also considering if you and your partner can handle a 2% increase in interest rates over 2010 and 2011. While it looks affordable to hold onto a negatively geared property now with…[Read more]

]]> a131e40149587affcd11d8d717486704 daniellee replied to the topic All kinds of Annual Fees for Units in the forum Help Needed! https://www.propertyinvesting.com/topic/4396453-all-kinds-of-annual-fees-for-units/#post-4605104 Tue, 16 Jun 2009 04:27:15 +0000 Hi, TonyThanks on the update for Qld. In VIc, the Body Corp pays for Council rates, so I got it wrong by assuming it was similar in Qld.Yes. I do recall reading in API Mag about onsite property managers in large apt developments. Forgot about them as well.An also Landlord insurance. How could I forget…RegardsDaniel Lee

]]> bc9dbf7cb06295ae5eafd566347058fa daniellee replied to the topic family need help in the forum L.A Aussie wrote:Terryw https://www.propertyinvesting.com/topic/4396344-family-need-help/page/2/#post-4604549 Mon, 15 Jun 2009 06:34:46 +0000 L.A Aussie wrote:

Terryw wrote:
You are assuming Spud had kids while on the pension.What should he do if he kids came first and the pension second? Adopt a few kids out ???And what is a solicitor loan? They don't exist!

True;  I did assume he had kids while being able-bodied and working.I still think having 5 kids in this day and age is…[Read more]

]]> b0b11e3186733dc01a9507b80aa2a849 daniellee replied to the topic family need help in the forum General Property https://www.propertyinvesting.com/topic/4396344-family-need-help/page/2/#post-4604548 Mon, 15 Jun 2009 06:13:03 +0000 Hi, SpudwayHave you considered a Lease-Option? You get the vendor to lend you the remaining $60K as a loan, and you pay the Vendor at an agreed interest rate. This website explains how that could work.RegardsDaniel Lee

]]> a65c131d6e493b49a88059a7424062c0 daniellee replied to the topic All kinds of Annual Fees for Units in the forum Help Needed! https://www.propertyinvesting.com/topic/4396453-all-kinds-of-annual-fees-for-units/#post-4605101 Mon, 15 Jun 2009 05:50:08 +0000 Hi, Nit1 – You do not pay Council fees /  rates because that is paid through your Body Corp.2 – In addtion to Water Bills, there is also the sewage and park charges: Estimated at $120 annually3 – Property Tax: I believe in Queensland, the Land Tax threshold cuts in at $500K. In a new Apt, the Land component is around 10-20% of the value, based on…[Read more]

]]> 1a4538944a0967054306bf12dfe48b01 daniellee replied to the topic Whats happening/going to happen to the Melbourne market?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396363-whats-happeninggoing-to-happen-to-the-melbourne-market/page/3/#post-4604710 Tue, 09 Jun 2009 05:53:01 +0000 propertunity wrote:

ericyan wrote:

daniellee wrote:
With that said, it is always possible to find bargains relative to any market. My wife and I recently purchased an IP at council valuation in early May 09 after 7 mths of searching

what is meant by council valuation?

A council land valuation (or Valuer General's) is in no way shape or…[Read more]

]]> 69f932932726bd213df6a9b2ec348cb1 daniellee replied to the topic Whats happening/going to happen to the Melbourne market?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396363-whats-happeninggoing-to-happen-to-the-melbourne-market/page/3/#post-4604709 Tue, 09 Jun 2009 05:47:44 +0000 ericyan wrote:

daniellee wrote:
With that said, it is always possible to find bargains relative to any market. My wife and I recently purchased an IP at council valuation in early May 09 after 7 mths of searching

guys, excuse my newbie comments, what is meant by council valuation? thanks in advance

Hi, EricWhen you look at a Sec 32 for a…[Read more]

]]> 445e21ac1ea180434f876b5ed296eec1 daniellee replied to the topic Whats happening/going to happen to the Melbourne market?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396363-whats-happeninggoing-to-happen-to-the-melbourne-market/#post-4604681 Thu, 04 Jun 2009 05:32:27 +0000 Hi, PropertunityI would like to augment your view on 'wealthy foreign students' and their parents buying up properties. Being a former 'foreign student' myself, I can say from personal experience that (assuming a sample size of 100 foreign students): 1 – The majority of foreign students (around 90%) do not come from wealthy families, but that…[Read more]

]]> 90c958630915be007481d66ad677f5ba daniellee replied to the topic our offer was accepted :D in the forum General Property https://www.propertyinvesting.com/topic/4396169-our-offer-was-accepted-d/#post-4603641 Tue, 02 Jun 2009 05:56:24 +0000 Hi, KarenCongratulation. A true morale booster for many aspirational investors like myself. A truly amazing purchase.RegardsDaniel Lee

]]> a115cf9777bdf51a3d8f2378835e4136 daniellee replied to the topic Whats happening/going to happen to the Melbourne market?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4396363-whats-happeninggoing-to-happen-to-the-melbourne-market/#post-4604672 Tue, 02 Jun 2009 05:45:01 +0000 Hi, KrisGeneral sentiment from experts like Steve McKnight suggest that the buying frenzy will intensify up to Sept 09, when the FHB Boost will be halfed. This will be followed by a weaker frenzy until Dec 09, when the FHB Boost expires. The forward buying by FHBs will likely mean less buying competition from Jan 2010 onwards. Based on this…[Read more]

]]> 5a4263fbec8628f79b5878b6f261f9b9 daniellee replied to the topic Value add - dos and don'ts in the forum Value Adding https://www.propertyinvesting.com/topic/4396297-value-add-dos-and-donts/#post-4604312 Wed, 27 May 2009 06:02:48 +0000 Hi, SailorkazWife and I going to do a cheap low-budget reno on our first IP next month. Did our research and came up with a list of cheap things to do that can quickly add perceived value.Paint walls and ceilingCarpetCurtains / BlindsLight FittingsDoor handles and kitchen cabinet handlesAll taps in propertyMuch renovation info can be found in…[Read more]

]]> 97b93382d964f3bc8937b4474d3f6f1a daniellee replied to the topic What state to invest? in the forum Hi, Cocobean Thought I start https://www.propertyinvesting.com/topic/4396275-what-state-to-invest/#post-4604215 Thu, 21 May 2009 06:47:12 +0000 Hi, CocobeanThought I start things off. Live in Melbourne so bought my first IP here. Settlement in Jul 09. We had first hand knowledge of the local area, so it allows wife and I to snap up a good deal with we saw one a next wks back. Also, being the 1st IP, we are dipping out toes into PI and wanted to be conservative about it.Being…[Read more]

]]> b28d40f3f08557c47aaef01567ff1e5a daniellee replied to the topic Advance Property Research Guarantee a joke in the forum Opinionated! https://www.propertyinvesting.com/topic/4396239-advance-property-research-guarantee-a-joke/#post-4604051 Tue, 19 May 2009 05:51:20 +0000 Hi, PosClearly, if a product is that amazingly good, it does not require a guarantee.What are your plans for the property then?RegardsDaniel

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