Total Members: 150,693

ErikH

  • Just another example of poor quality journalism when it comes to property news. Headline states prices dip and will fall further. The dip is 0.2% in August which I doubt very much is statistically significant. The next paragraph then goes on to state that the RP-Date Rismark hedonic index shows 8% growth year to date …

  • Through another discussion I found another very interesting lead on the bubblepedia website:http://bubblepedia.net.au/tiki-index.php?page_id=27  It is an overview of historical house prices from 1880-2006 as developed by Nigel Stapledon of the University of NSW School of Economics. But since bubblepedia is biased by definition I went to the sou…[Read more]

  • Will have a look at ABS for median income data.Median house price of 8 million in 20 yrs? I don't know, we might be surprised by how high it will be, but I do believe the property markets will sustain their growth in the long term but there will be some potentially significant shifts in our behavior/preferences which will reduce the median price…[Read more]

  • Unmester, thanks. Will try to include a graph of house price growth versus IR, but will probably put that in a sepratae article to keep this one focused just on prices. I did make one these graphs in the past I didn’t get too much out of them after than the timing / cycle of interest up, growth down and vice versa. One issue I had was aligning t…[Read more]

  • Wezwaz,Agreed, slumps in the market can and will happen, in fact there is one happening right now in certain sections of the market. What just really annoys me is these economists, professors etc. making huge claims and predictions based on very thin facts and usually biased to one side of the story i.e. it's either boom or bust and you never get…[Read more]

  • Rubbish article.

    The concept that Australian real estate is the most expensive in the world was also outlined in the recent Demographia study, but that study was flawed in many ways: only included US, UK, Canada, Australia, New Zealand and conveniently forgot to include the very expensive markets in Europe. Furthermore these studies never take…[Read more]

  • ErikH replied to the topic Silly Questions? in the forum Help Needed! 10 years, 8 months ago

    Carl, Definately not a silly question in my mind. A very crucial one. It depends on your strategy, if you pay off your IP's you can't deduct your interest from your tax so your are missing the opportunity to borrow money cheaply and increase the size of your portfolio. In principle the other way to get money out of your investment properties is by…[Read more]

  • ErikH replied to the topic Help, please in the forum Finance 10 years, 8 months ago

    Hopeful1,First of all, I am no expert so you really need to urgently seek professional support. You have not paid 5 months on your mortgage and even though the bank has agreed to capitalize this for now, do you actually have any formal documentation showing that because of capitalizing these payments your mortgage is not in arrears? What happens…[Read more]

  • Toni, Kenny,

    Thanks, indeed the site is still very much under construction, it’s taking much more work than I thought it would be. It will take a few more months to get all the articles done.

    I already have many more planned incl. some flash videos and free software if I can get the techi stuff to work.

    If you think there is anything missing,…[Read more]

  • I know I should really be touting my own site, but since you have specifically asked, please have a look at:  http://www.retireonproperty.com/whyproperty/property-investing-demographics.html   At the bottom of the article are two useful links, one is to ABS data and the oterh to a Bernard Salt presentation. Please let me know what you think abo…[Read more]

  • Don't remember exactly, but I think it had to do with getting and using a Brazilian bank account whilst living overseas… that said there are so many overaseas investors investing in Brazil it must be possible…also look into tax policies before you invest

  • 85eternal, make sure you do your due diligence before investing in Brazil, a friend of mine bought a unit in one of the coastal towns off-the-plan and had nothing but trouble in terms of the purchase agreements, getting money into and out of the country etc. I never looked into Brzail myself, so thi is only hear say, just be careful and go into…[Read more]

  • <font size=”2″>85eternal, make sure you do your due diligence before investing in Brazil, a friend of mine bought a unit in one of the coastal towns off-the-plan and had nothing but trouble in terms of the purchase agreements, getting money into and out of the country etc. I never looked into Brzail myself, so thi is only hear say, just be careful…[Read more]

  • 85eternal, make sure you do your due diligence before investing in Brazil, a friend of mine bought a unit in one of the coastal towns off-the-plan and had nothing but trouble in terms of the purchase agreements, getting money into and out of the country etc. I never looked into Brzail myself, so thi is only hear say, just be careful and go into…[Read more]

  • Fiona, first of all I'd say that it's great to see that you're planning your financial future so early. Don't let doom & gloom preachers deter you from executing your plans, but do you sue their challenges to ensure you have a robust plan and that you are well protected against the downside. I personally believe that Australian property will be an…[Read more]

  • I have subscribed to their website primarily to help with increasing my understanding / knowledge of the australian property market and since I'm an overseas investor I have to do all my research remotely. I found their website valuable in that I got a lot of insight in where to find cashflow +ve property. Not only the usual suspects of mining…[Read more]

  • I read most of the books you mention apart from deRoos and may look that up… I also liked Michael Yardney’s “how to build a mutli-million dollar property portfolio in your spare time” as it is a good summary of a growth strategy.

    How have you combined the knowledge from these books into you own strategy??

  • Make sure you check the current value of the studio apartment. And get a proper depreciation report for it, especially considering it’s brand new.

    If you transfer the title of apartment, that is sale and you’ll be liable for stamp duty…

    If you don’t go and live in the studio, but rent it out and buy something existing as your PPOR you should…[Read more]

  • David, sounds like you have set yourself up for success, well done.

    I think that the next 12-24 months could present very good buying opportunities, but be careful not you extend yourself too much as I foresee a rapid increase in interest rates once we’re out of this mess and inflation catches up. For now, I would concentrate on paying off teh…[Read more]

  • ErikH replied to the topic API magazine? in the forum Heads Up! 11 years ago

    I’ve been reading API for a while now, I do enjoy it, but must say that, the more issues I read the less interesting it becomes. Quite a bit of repetition and not a huge amount of new information. If you’re tight on money I’d stick to using the web and getting some classic property investing books (from the library)…

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ErikH

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