Does anyone would like to share their experience dealing with Property Secrets or similar company??Please let us know either bad or good experience so all the forum reader will not make similar mistakesCheersDon
it offers higher return than average, but beware of holiday period (Dec-Jan). I would be disagree that it offers less capital growth.Look at suburbs of Kingsford, Kensington and Randwick @ UNSW. Again, it depends where u bought it.CheersDon
Hi.TIC does not normally declare the commission plus all the hidden costs. How do you know that the buyer will pay the average price? It is okay if the property market is growing. How about the current climate where the property market either stagnant or decreasing??However, most of the properties being offered are brand new, therefore it is…[Read more]
I would fix at 8.49%.. as the interest rates probably will not fall till next year.Current variable rate is sitting at 8.6-8.75% and I guess that it will last at least1 year before we can see a clear picture.I won't listen to the economists as their accuracy of predictions are reasonably porr.cheersDon
I don't get it. Why you overstretched yourself?The credit crunch issues were not new and has been for many months BTW, how much did you buy for both apartments? A real bargain???
It depends on your current circumstances. I am always go for variable as it is easier to manage my cashflow/ direct credit salary/ redraw etc… and it will significantly lower the fixed rated. It is difficult to time the cycle of interest rates. Lots of gossips in the newspaper but no one has crystal ball to predict the future economic climate…[Read more]
Hi All,I have a similar situation as well. I spoke with my accountant and she basically said as what Terry stated. You can't negatively geared the IP against your income. You have to paid land tax, setup cost, and losing money if negatively geared plus all the associated cost. I guess that buying the first IP or even two may not n…[Read more]