Hi Tim,

I am not Steve but I suspect that Q, NZ and Vic just became more attractive places to invest especially given they are reasonably close to NSW.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Kay,

“You’re a “real estate officer”. Wouldn’t the people who work in your field have many and varied ideas about real estate? Neg gearing as a monopoly idea of RE is about ten years old now. Most real estate people I know are pretty up with all kinds of strategies these days.”

As recently as three years ago the Vice President of the…[Read more]

Hi NAthan,

Without commenting on the specifics of the property I would suggest you edit you post to remove the reference to the town as you may create a bidding war for the property.

Derek

derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi all,

A little longer term but we are moving to a single colour throughout our properties so that there is reduced wastage and no drama with colour matching. We have also taken down the details for mixing the colour in case it no longer appears on future charts.

Gloss white on all doors and skirting etc too.

Will do the same with carpets,…[Read more]

Hi Steve,

Good luck with it all – trust you can keep on smiling.

I guess this means you have really made it – on a crusaders hit list and now on media watch.

There is nothing left for you to achieve in life[biggrin] other than to help people successfully invest in property.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you?…[Read more]

Originally posted by AmandaDasha:
Again maybe you could spread the debt between the two if you do not have enough equity in one.

Hi Amanda,

If I read this correcty you are suggesting snorky shift some debt from being deductible to non-deductible or vice versa.

If this is correct ( I am not an accountant or financial wiz) but I would say this…[Read more]

Hi Snorky,

Like Geo I would typically recommend not selling but……under the circumstances you have outlined it may be the best course of action provided you analyse what went wrong this time and take steps to avoid a repeat occurence.

Before taking the final step have you considered making your IP loan an interest only loan, have you made…[Read more]

Hi Chan$,

No friend of NJ – picked that little gem from Kay’s posted link in another thread – no science involved.

And the essence of the story was a little predictable really – the ABC did a similar story approximately 12 months ago.

In my mind the horse has already bolted for too many people anyway.

Derek
derekjones1@bigpond.com

Read my…[Read more]

Hi Jarrn,

From distant memory the 3% figure was promoted as the rate at which there is equilibrium in the rental market. Anything above this made for a tenants advantage, anything under this made for a landlords advantage.

Generally speaking rental vacancies can be seasonal and they do vary according to a whole range of circumstances present at…[Read more]

Hi Megs,

In addition to the steps Simon has mentioned it also pays to have a cash buffer available to cover these possibilities.

The buffer can be held in any number of ways. Three quickies that come to mind and which I use are surplus line of credit funds, redraw funds and/or straight out cash.

Other tips worth considering are; fit…[Read more]

Hi Yack,

Am currently looking, looking, looking so that when I see something that fits the bill we will be buying.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Mysta,

As a growth focussed investor I prefer to invest in areas with a degree of ‘growth certainty’ and while Sydney would fit this criteria (7.93% 20 year average growth) if the rent returns and entry levels were more investor friendly. That is why I suggested you may want to look interstate where rent returns and median prices are…[Read more]

Hi Russ,

Maybe those investors needed to make two extra phone calls – local police and city offices.

An independent second opinion would have been useful – it gets back to the old adage the cheapest properties are usually in the worst part of town.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email me.

Hi Josh,

I would recommend you read this thread https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=9054 as the long term implications of these developments will (in my opinion impact on most apartment buyers across the eastern seaboard)

Apartments tend to have higher body corporate costs due to lifts, pools etc that are included with the…[Read more]

Hi Chan$,

And the person in the chatroom = none other than Mr Jenman himself.

And my prediction for the expose’ – banks generally not disclosing valuations.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email welcome.

Originally posted by depreciator:
Smart investors put the money they claim in depreciation into something like a sinking fund for the upkeep of their property. I don’t do this.
Scott

Hmmmmmm – Scott = not a smart investor?[biggrin]

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email welcome.

Hi Hodgson,

Don’t forget generally speaking a financial planner has little understanding (or interest?) in property investing as their [rimary income source is from selling managed funds. Sure there are exceptions, but they are just that, exceptions.

I am sure there is a growing school of thought that shares may outperform most property in the…[Read more]

Hi Mysta,

I, too, invest for growth and focus my attention on city property (as distinct from high rise apartments) with the increased likelihood of regular growth.

Long term – I am of the opinion this is ‘safer’ for me.

If Sydney returns are an issue for you (I appreciate the issue) then there are other capital cities with better rental…[Read more]

Hi Kaleb,

Soory to rain on your parade but I believe you needed to find out the answer to this question before you bought the block.

Without knowing Tasmania, the block, building costs etc it is very difficult to provide any diefinitive advice other than to say – speak to local REA and see what property types are most popular in the local area…[Read more]

Hi Waysolid,

I would also recommend you phone the plumber and see what he says – and then get a second opinion.

Don’t forget a 20 year old property is going to need more maintenance than something a little younger – one of the traps of older properties.

Derek
derekjones1@bigpond.com

Read my comments? Think I can help you? PM or email welcome.