Hi Spodge,

I must confess I am no expert on NZ so please take my comments with a ‘grain of salt’.

I did a quick net search and found a website that says K’s population has remained stagnant in the 1991 – 2004 period at just over 5000 people.

Population growth is one of the key drivers of sustainable growth and rental demand and, based on my…[Read more]

Hi Antoinette,

Welcome aboard and congratulations on wanting to ‘improve your lot’ – there are many others like you here, doing the same thing.

There is no need to rush headlong into anything so you have got time to make yourself a coffee and take some time thinking about what you do want to achieve from property investment. Believe me it can be…[Read more]

Hi Greg,

The approach you are seeking comment on is, on the surface, similar to an approach Steve Navra uses and recommends and one which we are using too – a little early to definitively give it the thumbs up – but compounding effect of growth is already having a significant impact on our ‘measly’ parcel.

Steve Navra is a financial advisor who…[Read more]

Originally posted by TeacherK6:
I have a thought provoking situation on my hands. I am considering selling an IP, The loan was for 80% of the purchase price, but since then i have re-financed other properties and used the equity generated to reduce the loan to a balance of roughly $1000, ie just enough to keep the loan open. the re-financed…[Read more]

Hi DD,

As with all (?) real estate generalisations there will usually be an exception (or 2 or 3) but in my readings, dicussions and experiences rental guarantees are usually included with overpriced property that has a ‘usually inflated guarantee’ to make the investment ‘better’

May be I should modify no 13 to If there are rental guarantees -…[Read more]

Hi John,

Yep they are all busy wrapping and opening Xmas presents, planning Xmas holidays and stocking up for new year.

You may find that a tenant will put up with the reno anyway if you are reasonable with the rent and if the work is not invasive. Alternatively do the work minus tenant and if the renovation is suitable you will make up for lost…[Read more]

Originally posted by calvin@thirty4:

Currently we bank with CBA (because they’ve been good to us) but, because of my employers Home Purchase Plan, the mortgage is with another Lender.

Hi Calvin,

Your proposed strategy is exactly the same as the one we currently employ. Once you have your LOC set up as you propose there is nothing to stop you…[Read more]

Hi Tools,

I am currently doing this – using split investment LOC to pay for all IP expenses (apart from interest) instead of from ‘savings’ – and then paying the equivalent sum of money off the home loan from ‘savings’.

Needs discipline but effectively shifts non-deductible debt across to deductible debt.

Derek
derekjones1@bigpond.com

Property…[Read more]

Hi Simon,

A little information from t’otherside that may be consistent with the Melbourne market.

Wizard have just completed a study of long and short term sales trends which revealed some interesting pieces of information:

1. During the past three years compounding growth rates for two bathroom homes was 12.6% and for one bathroom homes it was…[Read more]

Hi Mgr,

Another option would to be to look at http://www.realestate.com.au and search the ‘rental’ section for comparable properties in similar or same locations.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Mgr,

I am surprised by the management’s comments. If they are any good they should be able to tell you what the market is currently paying in the area and in particular this building. Very strange response to say the least.

Nonetheless try;
http://www.rta.qld.gov.au/median_weekly_rents.cfm

or

http://www.seqrents.com.au/

these will give you…[Read more]

Hi Nats,

A number of financial gurus advocate a ‘pay yourself first’ approach so that you do get into the habit of looking after your future. The coonsensus seems to be that the earlier you start the habit of paying yourself first the easier it becomes to maintain the habit – this leading to greater discipline and a better asset base behind…[Read more]

Hi all,

There is an article in October 2004 API that discusses negative gearing. It may be of interest to the forum.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Neville,

Cannot comment specifically on IPS but there are some questions I picked up in an article I came across earlier this year + a few of my own that may help you in your decision making process.

Some thoughts for you to consider.
1. How long have IPS been in business?
2. How many investment properties does your ‘consultant’ own?
3. How…[Read more]

Hi Steve,

I am not sure where you are with this idea but thought you may be interested in an article in the October 04 edition of the API.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Dreamreal,

As to whether or not fixed or variable is the correct choice it really depends.

Fixed rates address the sleep at night factor and provide surety of payments over the fixed period. This is particularly useful if you are on a limited budget, your worry endlessly about cashflow and so on. The decision to fix generally relates to the…[Read more]

Hi Yorker,

Anecdotal evidence I have seen and experienced would suggest that is the case. Whether or not it (the coming back to life) is sustainable is another matter as another interest rate rise (if in fact it comes) will surely send the remainder of the herd back into something else.

Derek
derekjones1@bigpond.com

Property Investment Support…[Read more]

Originally posted by redwing:

When: 6.00pm, Friday 22 October, 2004

did anyone attend this?

Hi Redwing,

Thanks for the ‘heads up’ – PS how long have you been teleporting yourself into the future given the seminar is still 4 weeks away. [exhappy]

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never…[Read more]

Originally posted by calvin@thirty4:

SEPTEMBER 30- GRAND FINAL Fitzroy 0.3 1.3 4.6 4.6 (30)Collingwood 0.1 1.3 2.4 2.5 (17)

Hi Calvin,

Oops best go and change my bet to ‘Brisbane will lose in 2005’

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.

Hi Marisa & Redwing,

Speaking of visitors Jamie McIntyre is at the Sheraton on the 5th – I’m off for a listen.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping. PM welcome.