You may need to consider other securities, if any, that may be cross collaterlised with the IP you are intending to sell as bank will do vals on them.

If the vals dont come back as expected you may be forced to reduce loan amounts on any related securities. This is usually discovered at settlement and can hold up the process. If no other…[Read more]

You may need to consider other securities, if any, that may be cross collaterlised with the IP you are intending to sell as bank will do vals on them.

If the vals dont come back as expected you may be forced to reduce loan amounts on any related securities. This is usually discovered at settlement and can hold up the process. If no other…[Read more]

But I don’t see your job getting any easier

Its getting tougher and tougher but thats the best time to see what you are really made of :)

Why do we need all these levels of government?

I heard a stat the other day the that 70-90% of revenue collected is used to administrate government (buildings, wages, cars, pensions etc.) so only 10-30% is used for its intended purpose being roads, hospitals, education, law enforcement etc.

Time we all revolted and self governed!

I reckon we will get close to a zero% cash rate within 2 years or less!

Just HOW does one accurately gauge Max Pessimism – except in hindsight?

I dont think many can pick it exactly outside of luck but the signs are easily spotted.

Seems sound to me and should go neutral to positive cash flow in the next few years, that is if your rent is market value with built in increments each year.

Have you had your rent reviewed recently and is it on par with similar properties in the same complex as well as nearby properties of a similar ilk?

Also consider a loan review via…[Read more]

Seems sound to me and should go neutral to positive cash flow in the next few years, that is if your rent is market value with built in increments each year.

Have you had your rent reviewed recently and is it on par with similar properties in the same complex as well as nearby properties of a similar ilk?

Yep, sounds like the owner has taken the law into their own hands and built a house with pool with no approvals in place as an owner builder.

Get a building and pest inspection done to see what the quality of the work is like and whether it will have a chance of passing council approval?

Also ask agent how long the property has been on the…[Read more]

Yep, sounds like the owner has taken the law into their own hands and built a house with pool with no approvals in place as an owner builder.

Get a building and [est inspection done to see what the quality of the work is like and whether it will have a chance of passing council approval?

Also ask agent how long the property has been on the…[Read more]

What do you see at the pros and cons?

Pros;

Higher yield 7%+ as tenant pays all outgoings.

Longer leases once a tenant is sourced.

Cons;

Higher risk of a long term vacancy especially in a market downturn.

Values are linked to yield, therefore can drop dramatically.

Welcome Abigail :)

LOC can be wound back at banks discretion so you could have an LOC of 300k and wake up the next day and its 150k. Unlikely but happened during the last GFC. People where locked out of redraw as well. Can you imagine if you needed those funds for a pending settlement and all of a sudden they are not available!

They are a clean and neat way of…[Read more]

Not sure if they do but I attend a couple of different groups and can keep you in the loop if you like?

1. Dont cross collaterlise

2. Dont chase rate as its one aspect of many to consider

3. Dont DIY – get an investment savvy broker to do it for you – this is a specialist area even though all brokers say they can do it!

4. Be respectful of a brokers time and acumen as they are working for you for free until a deal actually settles – sounds like…[Read more]

1. Do you think Templeton’s quote should be applied to the Australian property market in general? Why or why not?

Im hoping so as currently in acquisition phase.

2. Are there any cities in Australia where you think property market optimism is at a peak?

Sydney – at peak or close to

Melbourne – at peak or close to

Brisbane – a little ways t…[Read more]

1. Do you think Templeton’s quote should be applied to the Australian property market in general? Why or why not?

Im hoping so as currently in acquisition phase.

2. Are there any cities in Australia where you think property market optimism is at a peak?

Sydney – at peak or close to

Melbourne – at peak or close to

Brisbane – a little ways t…

[Read more]

1. Do you think Templeton’s quote should be applied to the Australian property market in general? Why or why not?

Im hoping so as currently in acquisition phase.

2. Are there any cities in Australia where you think property market optimism is at a peak?

Sydney – at peak or close to

Melbourne – at peak or close to

Brisbane – a little ways t…[Read more]

Do you have experiences with any quantity surveyor that you can recommend me? Thanks in advance.

Hi Tran, I use Deppro personally. Washington Brown are another reputable company you can try.

I’ve heard a few brokers mention that a lot of the bank valuations for purchases in this area are not stacking up against purchase price.

If the sellers are willing to give you a copy of the contract (unsigned) you can get an “as if complete” valuation done upfront via a broker.

You can always request a copy and say you are getting your lawyer t…[Read more]