Hi cuteyoungchic,these are all the people who fervently believe that the sky is falling when it comes to property – whether it be property they don't own, or property they do. People have been shouting out the decline of property as an asset class for a very long time now, and good property will always remain to be good property.I'm not spruiking…[Read more]
AIF QLD wrote:
Hi all,As we are all a community hear, I thought i would share some of our experiences we have recently had with a couple of finance groups that you should all be very wary of and make a list of it to keep everyone informed.Firstly a group going by the name of Columbus Capital, our group has had all sorts of dramas with these guys…[Read more]
how about all the doom and gloomers offload all your property to the rest of us, go spend the proceeds on conspicuous consumption for a little while, then come back to the property market in 12-18 months time, and tell us all your tales of woe about how hard it is to crack the property market.
Bozena – what is your household income???PPOR – $1600 fortnight on a mortgage of $508,000 – worth $600,000IP 1 – $1100 a month on an I/O loan, rented out for $300/week – mortgage currently at $207,000 – worth $350,000My profile with mortgages and repayment amounts are remarkably similar to yours – arguably worse than yours, and while I'm not…[Read more]
Hi Den,Thanks for the thanks!Credit to Ryan for starting the topic…I just added a few specific ideas….some employers "hate" doing the PAYG variation, but I tell them they don't really have a choice As for everything else, it's entirely in every one's control.Thanks again…I wish everyone else a bunch of good luck, and happy hunting…looking…[Read more]
I have a real thirst for Ballarat in the next 12 months – just bought a place in Melbourne 8 weeks ago, so I need to cool my spurs for a little bit If you're looking at Ballarat potentially, keep as all in the loop – hopefully you like what you see…I've been looking at about 25-30 properties around Ballarat and surrounds, advertised for around…[Read more]
JacM, I have heard you need at least $100-$120K in an SMSF for scale purposes…a couple of reasons:1. Ongoing and upfront costs as a % would be prohibitive, if you had say, $50K in your SMSF. The setting up of the best structures, and costs associated with ensuring compliance with the ATO can run into the thousands every year.2. SMSFs require 30%…[Read more]
I don't normally engage in bank bashing, so let me qualify this post with 2 statements:1. I own CBA shares – (gift for me when I was younger)2. I don't have a mortgage with CBA (anymore)After announcing their $5.6bn profit, hiding behind "increased funding costs" is wearing a bit thin….I'm glad I don't have a mortgage with them anymore.These…[Read more]
With the Melbourne Cup on tomorrow, I don't think there will be any chance on an adverse announcement.Conflicting data, especially over the last 5 days will put a neutral stance on it.Good chance December though….they go on holidays January, unless there's some terrible data locally and/or globally around Xmas time.