Since 2001 | Total Members: 161,639

god_of_money

  • god_of_money replied to the topic 20yr old looking to invest and need advice :). in the forum Why not your search/read 17 years, 9 months ago

    Why not your search/read previous postings?CheersDon

  • god_of_money replied to the topic Property Investment companies in the forum Opinionated! 17 years, 9 months ago

    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

  • god_of_money replied to the topic Negative Gearing vs buying outright in the forum Help Needed! 17 years, 9 months ago

    I would suggest to seek financial adviser advice and tax accountant. NOT YOUR REALESTATE.

  • god_of_money replied to the topic The Property School in the forum Opinionated! 17 years, 9 months ago

    Seems like all postive comments. Thanks for your help.Cheers Don

  • god_of_money replied to the topic Student Accomodation in the forum General Property 17 years, 9 months ago

    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

  • god_of_money replied to the topic the investors club??? in the forum Heads Up! 17 years, 10 months ago

    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]

  • god_of_money replied to the topic Undeveloped UK land investment in the forum Overseas Deals 17 years, 10 months ago

    where is this *.co.za from?Unsolicited posting should be banned??

  • god_of_money replied to the topic Interest Rates in the forum Finance 17 years, 10 months ago

    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

  • god_of_money replied to the topic Discount from standard variable rate for major banks in the forum Finance 17 years, 10 months ago

    Hi AllHas anyone be able to negotiate 0.06% off disc from ING without paying extra A$499 for loan >=300k?i.e. 8.68%. Please let me know Thanks

  • god_of_money replied to the topic Advice sought in the forum Finance 17 years, 10 months ago

    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???

  • god_of_money replied to the topic Fixed Or Variable Loan – That is the question…. in the forum It depends on your current 17 years, 10 months ago

    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]

  • god_of_money replied to the topic Property Trusts in the forum Help Needed! 17 years, 10 months ago

    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]

god_of_money

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