Total Members: 158,085

foundation

  • foundation replied to the topic Average Sale Price by Suburb in the forum General Property 15 years, 4 months ago

    I can get you suburb by suburb averages for Sydney. But I think you're in Melbourne? There you're battling a tight and mean state gov't, so no, you can't get this info for free (unless you know somebody from Land Vic, for example… )F. [cowboy2]

  • foundation replied to the topic Time to invest? in the forum Help Needed! 15 years, 4 months ago

    marcadrian78 wrote:
    you have to wait for a number of things to happen first:1. Interest rates need to drop further2. Economy needs to be proven to be sound, not just talk from politicians3. Credit needs to flow4. A *severe* housing crisis needs to occur. This has not happened yet – you can still rent for a decent price, and you can still shack…[Read more]

  • foundation replied to the topic Determine if it’s a structural wall or not in the forum Value Adding 15 years, 4 months ago

    Oh.In that case, knock it down and see if the roof sags. A saggy roof almost certainly means it is was structural.Cheers, F. [cowboy2]

  • foundation replied to the topic Time to invest? in the forum Help Needed! 15 years, 5 months ago

    Quote:
    As I have just had a baby and am on maternity leave I don't want to overextend my self as we will have to pay double rent/mortgage for at least 6 months. Missing the boat for me would be in terms of the grant – I guess technically I'm probably not entitled to it now, but I definitely won't be soon as I am getting married early next year…[Read more]

  • foundation replied to the topic what does a 1% drop in rates do for us? in the forum General Property 15 years, 5 months ago

    crashy wrote:
    have rents gone down to where they were last November?

    No, but they're still woefully inadequate to make property purchase anything other than gambling. I'm an investor not a speculator.

    Quote:
    who said anything about capital gains? my post was CLEARLY discussing positive gearing.

    Strange, your proposition was "this situation…[Read more]

  • foundation replied to the topic Determine if it’s a structural wall or not in the forum Value Adding 15 years, 5 months ago

    IP Freely wrote:
    The general form of construction for home units is that all walls are load bearing

    How can it be load-bearing if it is only 1.5m high? Cheers, F. [cowboy2]

  • foundation replied to the topic what does a 1% drop in rates do for us? in the forum General Property 15 years, 5 months ago

    Huh? This only takes interest rates back to where they were last November. Prices are still ridiculously high. Affordability is very low. Yields are still very low. The inventory of unsold homes sitting and stagnating for months on end is very high and continues to grow. Credit is tight. House prices in countries with similar economies and smaller…[Read more]

  • foundation replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! 15 years, 5 months ago

    Scamp wrote:
    Thanks foundation. I guess your fundamental value of the 15k gross yielding asset would be closer to my property valuation of 250k than a property valuation of 570k.

    In a word: Yes. I bought some shares in a well run, profitable company which operates with zero debt, is recession-resistant, has grown earnings and dividends every…[Read more]

  • foundation replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! 15 years, 5 months ago

    As far as asian markets go, the SSE is currently sitting at 2163, down from 6092 last October. Either the market is wrong, or they're headed for recession along with the rest of us…Cheers,F. [cowboy2]

  • foundation replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! 15 years, 5 months ago

    gibbo1 wrote:
    You state that prices are falling, the house in question is located in Perth. Perth has some suburbs that are falling, some that have fallen but have started to turn around, some that are pretty flat and others that have continued to increase (although at a decreased rate) during this whole cycle.  I think its imposible to make a…[Read more]

  • foundation replied to the topic Am feeling a bit panicked and need some advice to steady my nerves in the forum Help Needed! 15 years, 5 months ago

    The best advice I can give somebody in your situation is to panic.You have on one side a guaranteed:depreciating assetnegative cashflowon the other side:hope/prayer for capital gains in an economic climate that is worse outlook-wise than any time in the last 70 years.Sorry. I'm just not seeing the silver lining in the cloud.F. [cowboy2]

  • foundation replied to the topic Sydney market in the forum General Property 15 years, 6 months ago

    benderfile wrote:
    i wait  with baited breath……

    That's kinda disgusting… 

  • foundation replied to the topic TRAPPED BY NEGATIVE GEARING in the forum General Property 15 years, 9 months ago

    You're welcome! It looks like you're getting the gist of it already – must be a fast learner, eh? [wink]Let me know when you're ready to move on to the appropriate use of capitalisation…Cheers, F. [cowboy2]

  • foundation replied to the topic TRAPPED BY NEGATIVE GEARING in the forum General Property 15 years, 9 months ago

    full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop FULL-STOP full-stop Full-stop…[Read more]

  • foundation replied to the topic Investing in US property market now – best way? in the forum Overseas Deals 15 years, 9 months ago

    stormpoint wrote:
    I would appreciate input on how I can effectively invest indirectly in property (either via a property trust or through purchasing shares of an undervalued developer) – I would be looking for a property trust or listed developer who specialises in high quality homes, in premium residential real-estate areas such as Falls Church…[Read more]

  • I hereby bid $1.75 for these two tickets (postage to Vic at your cost). Can transfer money immediately. Let me know ASAP.Regards, F. [cowboy2]

  • foundation replied to the topic is it a bad idea to get a home loan top up to pay credit card debt ? in the forum Help Needed! 15 years, 10 months ago

    "and make sure that i put extra into the home loan"Perhaps I did not make myself clear. Let's try this instead:thanx for you're questions doublek.take mortgage to pay the mortgage.sound good tko me?no i don't. There, that should be sorted. Regards, F. [cowboy2]

  • foundation replied to the topic is it a bad idea to get a home loan top up to pay credit card debt ? in the forum Help Needed! 15 years, 10 months ago

    Where's the equity coming from? Presumably not your PPOR because borrowing that to pay down the mortgage would be… well, unproductive to say the least. If you're borrowing against an IP to pay down your PPOR mortgage, be aware that you cannot then claim a deduction for this portion of the interest payments, so again, I can't see the logic.Did I…[Read more]

  • foundation replied to the topic Interest Rates in the forum Finance 15 years, 11 months ago

    David Layton wrote:
    The million dollar question, Will interest rates continue to rise? when will they fall?Westpac chief economist Bill Evans said the 23.9 per cent fall in the consumer confidence index over the past three months – as the Reserve Bank continued to raise rates to contain inflation – was the biggest in the 32-year history of the…[Read more]

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