Hi TerrywRegarding your point 9. gardening/mowing (eg between tenants)Just wondering how about during tenancy… the maintence of the garden is still tax deductible??Thanks

Yes I agree with above comments.The current rental return in % might not reflect what happen in next 2-3 years.Lots of mining company are closing down……Beware of spruikers… selling dodgy IP

Yes.. I do agree with above opinions. But.. if you search through domain.com.au, the apartment prices across the sydney still similar to the price early this year. Vendors are reluctant to offload the property and Real Estate Agents are talking up the price. I am still sitting on the side line… probably looking at next year.

Thanks for info..Well… ING is even WORSE… only cut by 0.55%It is just ridiculous… claiming themselves as AA rated and one of the biggest bank in the world…

I don't ParkTrent will challenge the posting here… because they themselve are too scared to get audited by ACCC or Department of fair trading…They use the word ' lawyer' for defamation… The most important.. what is the definition of defamation…. it will be too complicated for them… they can threatened to sue… but toothless.

and management fee…

Terry,Just for my curiousity.. why so many people were getting their loans from RHG?? Are they any significant benefits compared to bank lenders?Cheers

No crystal ball to tell you… even though the smartest economist.It is interesting to see when inflation hits > 5% and unemployment rate hits > 5-6%… Property market depends NOT ONLY the fluctation of interest rates.. but others external factors as well. <edited>

It is still better than NONE

Well.. didn't realise that so many buyers got sucked with RAMS…they must have the biggest commision among all the lender???

Low Doc and No Doc loans should be wiped off from the market. They are causing lots of problems. It will remove speculators and spruikers from the market. At least not more " doubling price in 7-10 years" and using low doc/no doc to lure the 'unsuspecting' buyers.I surprise that FirstMac still alive??

But after taking into inflation it will be BIG NEGATIVE GROWTH. Excluding holding cost.

Between 2003-2008.. Property in Sydney experienced BIG 0% growth

The management fee is probably 25%. Check with them regarding the management fee. You can't assume that you will get nett weekly of A$ 440.00. It is the trap by the leasor.Service apartment has the history of low resale value and low growth.

Thanks for your honest comment dparkes..I think company like Park Trent or IF etc.. will have some limit life span. Their mortgage backing finances are virtually near collapse or R.I.P. There is not such a cheap credit any more… Obviously banks will only lend 70-80% and LMI will also consider dodgy development.. Dust will settle in the next 1-2…[Read more]

Certainly I can feel it in Sydney's market.. as small developers are trying hard to offload their excess equity…Love to see mortgagee in sale.. Well… time to punish the spruikers and their associates…I think the falling in property price especially high rise development.. will have some delay ie. 12 months after financial crisis.Good to sit…[Read more]

Too expensive… they charge like 300-400 dollars for simple stuff

Richard, thanks for your input.What is the upper limit before land tax come in at NSW if  purchasing property through DFT?

Do you have to pay land tax on DFT? is there any upper limit prior to paying tax?I met Mr. Chan in the property expo and he was trying to explain to me about HDT… I thought that it is very complex and complicated.. and the costs ARE very expensive…

Well, it must be gross return of 7%…with management fee 25%, lease cost fee 10%, linen fee et…. probably the return close to 3-4%When you want to sell it…. you probably looking at 10-20% below the market value… as it is hard to sell as no investor would like to buy…AVOID at all COST