http://www.basix.nsw.gov.au

Houses tend to depreciate over time, property tends to appreciate. For your PPOR, your ability to make more than the minimum repayments should probably also be an important consideration. I did some quick calculations the other day:
I would suggest you give serious consideration to the price you are prepared to pay for a PPOR. The difference…[Read more]

I think we talk at cross purposes sometimes 1Winner. Speculating is not evil or wrong. Nor is it strictly investing (by my personal definition). Investing relies on, and aims to achieve historically normal rates of return while speculation chases better returns by trying to predict future trends and scenarios. There is risk of loss involved in…[Read more]

Err… Hrmph.
[[fear] on] Physical. Small internationally recognised pure gold coins (maples and kookaburras). Not normally great for capital gains (and by no means CF+), but nice for peace of mind and a decent hedge against inflation. And they’re pretty, aren’t they my precioussess?![blink]
In turbulent times governments try to control anything…[Read more]

Cheers Resi, I’m happy to provide shallowness![biggrin]
what gives me the s..ts is that this country is going back wards. Credit Card debt is now 30 billion dollars – our debt to equity level on the family home is the highest it has been in over 50 years.I agree. That debt to income ratio has roughly doubled in a decade [Link] should worry us all.…[Read more]

dboddy,
I would strongly advise you to get qualified advice from a solicitor, property valuer (not a REA appraisal) and a financial planner. You need to know what your options are and which has the greatest chance of the best outcome. For example, can you walk away from the Melbourne apt losing only your deposit or will the developer persue you…[Read more]

Also it is not fair to point fingers at the one that got in the market too late. After all the latecomers do so because of a massive amount of pressure created by books, media and bulletin boards like this one here.
Which is exactly the reason why I continue to post what I see as rational views (although some appear to find them annoying and…[Read more]

Raise the rent to 8% of purchase price, quietly slip the tenant the difference between current rent and inflated rent, then market it as a cashflow positive investment![biggrin]
Cheers, F.[fear]

Alternatively, find out how much buyers are prepared to pay for the property, and make sure your asking price matches. If the REA is incapable, try…[Read more]

Yes, interesting that US economists are getting worried about areas that have seen 55% increase in house prices over the same period that Australia on average has seen 100%+ and some individual areas over 300%!
Also of note, 17% of Australian households have more than 1 property compared to only 6.5% of US & Canadian households and 2% of…[Read more]

I used to think that drugs were harmless fun, but now I take them seriously.
F.[chill]

Yes, drugs are bad, the article good. Or interesting at least.

1Winner,
I cashed in my own property investments, paid out my PPOR, am paying out the last of my beach shack (as construction is completing) and had some left over for further speculative, though in practice lucrative (and not entirely uninformed), investments in shares, metals, art & collectables… Not exactly a practising anti-capitalist /…[Read more]

So by my quick calculations, you have roughly 95% LVR and are subsidising your tenant’s rent to the value of approximately $70p/w (if IO) or $115p/w (PI). I think you owe it to your mother to release her guarantee ASAP rather than take on a higher level of debt thereby exposing her to increased risk.
Cheers, F.[cowboy2]

as an agent the best deals i come across get offered to our loyal clients and the ones we have a relationship with.
as an agent I would like to add that the main reason we put the best deals to our regular clients is because there is so much scepticism from the public about agents
Now sorry guys, but isn’t the vendor paying you to get them the…[Read more]

My friend did the ASX course on option was more frightened about option then embrace it…he told me it was TOO confusing!!!! … which clearly illustrates that your friend should stay well away from options, not that he needs a dumbed-down course.
As Salubrious wrote: You can’t charge a fee for medical advice without being a licensed prof…[Read more]

Hear Hear Nat. Well put.

Originally posted by AUSPROP:
gees F – are you suggesting you have zero ideas of how to make money in this market?

No, I was just trying to get Resi to add some value to his thread rather than simply taking cheap shots at the ‘doomed 95%’…
My way to make money in this market is simple – both feet out. As long as the properties I’m watching in…[Read more]

Thanks chief.
Just remember who said that 95% of the people on this forum are ‘doomed to fail’ (while clearly placing myself in the 5% of ‘successful people’.
I think you’ll find I’m more than happy to value-add, but only where there is value to add to.
Cheers, F.[cowboy2]

“The power of accurate observation is frequently called cynicism but those…[Read more]

Hi Resiwealth,
I find your last post vaguely arrogant, but good on you for being so in touch with yourself.
I wonder if I may address a few of your points in the hope that you may spare a further few crumbs of wisdom:

1. There are many inexperienced people out there that follow the flock of the doom and gloomers.
Are these ‘inexperienced people’…[Read more]

It sounds to me like your parents are taking you for granted – they expect you to get good grades simply because you have in the past. For them to appreciate what they have, you may well first have to take it away from them temporarily by reducing your performance. Nothing drastic, just fail every subject for a semester. I guarantee they’ll take…[Read more]

Oops.
Hi Dave, welcome to the forum~!
Do you plan to give your daughter the $7000? Is this house to be hers once you have finished paying it off, or are you just making the most of the situation to further your own wealth creation through property investing? If the former is true, I salute you for your generosity. If it is the latter, it’s…[Read more]