PropertyInvesting.com | gronk007 | Activity https://www.propertyinvesting.com/members/gronk007/activity/ Activity feed for gronk007. Sun, 12 Apr 2026 23:33:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 97cf4edad4781c46be6a66492bfd6926 gronk007 replied to the topic Turning PPOR to IP..negative or positive geared? in the forum Help Needed! https://www.propertyinvesting.com/topic/4406178-turning-ppor-to-ip-negative-or-positive-geared/#post-4666170 Mon, 26 Mar 2012 16:04:01 +0000 my two cents worth would be to hang on to the IP for as long as possible…

]]> 751f9abff03f113b59236795b0354f7d gronk007 replied to the topic Wagga Wagga Area in the forum Help Needed! https://www.propertyinvesting.com/topic/4400903-wagga-wagga-area/#post-4630014 Mon, 13 Jun 2011 09:56:45 +0000 http://www.domain.com.au/Property/For-Sale/House/NSW/Kooringal/?adid=2008956794Thought I would give this topic a bit of a bump…for those who are interested in Wagga (Kooringal – just south of Wagga)Thoughts?

]]> f27375fe103e8d075e317d1d16f8b980 gronk007 replied to the topic The steps to watch for in the coming Australian housing correction in the forum General Property https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/4/#post-4645088 Sun, 17 Apr 2011 03:53:36 +0000 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]

]]> 6cbbead6d785bd089976c11c848b273d gronk007 replied to the topic List of financiers to be very wary of. in the forum AIF QLD wrote:Hi all, As we https://www.propertyinvesting.com/topic/4402006-list-of-financiers-to-be-very-wary-of/#post-4636998 Sun, 17 Apr 2011 03:47:22 +0000 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]

]]> 306ff08cc093399a6083a19ee633ce5f gronk007 replied to the topic The steps to watch for in the coming Australian housing correction in the forum how about all the doom and https://www.propertyinvesting.com/topic/4403251-the-steps-to-watch-for-in-the-coming-australian-housing-correction/page/4/#post-4645086 Sun, 17 Apr 2011 03:40:06 +0000 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.

]]> 181d92038e750f2dba8dd1a9aee94fbd gronk007 replied to the topic If you could buy your first investment property again... in the forum Help Needed! https://www.propertyinvesting.com/topic/4402294-if-you-could-buy-your-first-investment-property-again/#post-4638760 Sat, 26 Feb 2011 08:19:20 +0000 invest in a time machine

]]> 72f379fd15d42de287da648ef4c2acca gronk007 replied to the topic Who pays the 'asking price'? in the forum Help Needed! https://www.propertyinvesting.com/topic/4402564-who-pays-the-asking-price/#post-4640415 Tue, 25 Jan 2011 21:17:26 +0000 Research and data out there will provide you with discounts or premiums to advertised price, even down to the suburb.In non-auction market conditions, I've never put a bid in at the asking price.

]]> a7565ded8892906b42493c79b01ecd1d gronk007 replied to the topic Third day in Texas in the forum Overseas Deals https://www.propertyinvesting.com/topic/4402080-third-day-in-texas/#post-4637469 Sun, 19 Dec 2010 00:50:34 +0000 looks like Nigel's still on that plane watching movies….thanks gross…hard figures and not hyperbole is what is needed on posts of this nature…

]]> 31a7d122fe47ad31d1f8e141247e99eb gronk007 replied to the topic WE OWN TWO PROPERTIES, CREDIT CARD MAXED OUT & FEEL LIKE WE'VE HIT A BRICK WALL! WHAT WOULD YOU DO? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401978-we-own-two-properties-credit-card-maxed-out-feel-like-weve-hit-a-brick-wall-what-would-you-do/#post-4636810 Sat, 27 Nov 2010 06:57:31 +0000 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]

]]> d53f8dcabb39ae987559f25b96385bcc gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/page/2/#post-4633603 Sat, 13 Nov 2010 04:23:28 +0000 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]

]]> e513d73d6cdac70ff5a0fe06c15f8302 gronk007 replied to the topic victorian regional hotspots and land onsell in the forum Help Needed! https://www.propertyinvesting.com/topic/4401748-victorian-regional-hotspots-and-land-onsell/#post-4635404 Fri, 05 Nov 2010 20:36:54 +0000 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]

]]> d690d78679cd7f530d2003cdda9c4299 gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum Never take a loan out on a https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/page/2/#post-4633598 Thu, 04 Nov 2010 22:28:57 +0000 Never take a loan out on a car. Best tip ever. Public transport for $50/week max (in Victoria anyway)….

]]> f1428e110c343a7e7cd085b64a57d491 gronk007 replied to the topic Sanity check in the forum Help Needed! https://www.propertyinvesting.com/topic/4401718-sanity-check/#post-4635251 Tue, 02 Nov 2010 10:37:20 +0000 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]

]]> 376d68ae0409619004bee81aa62580f4 gronk007 replied to the topic RBA in the forum Finance https://www.propertyinvesting.com/topic/4401737-rba/#post-4635335 Tue, 02 Nov 2010 09:59:56 +0000 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]

]]> f2ccab95f9c3d4f9b064054c7acda81e gronk007 replied to the topic Will The RBA Move On Interest Rates Next Week? in the forum General Property https://www.propertyinvesting.com/topic/will-the-rba-move-on-interest-rates-next-week/#post-4635117 Mon, 01 Nov 2010 11:17:06 +0000 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.

]]> 760caf1e0a4de964e4d1e0cc91d0ff5d gronk007 replied to the topic body corporate fees in the forum General Property https://www.propertyinvesting.com/topic/4401711-body-corporate-fees-3/#post-4635211 Mon, 01 Nov 2010 03:17:10 +0000 Those BC fees seems prohibitively high, but it depends where you're looking..is there an elevator(s)? If it's city it's a good chance, but they still seem very very high.

]]> a30a01fb4408931b8c996a6aa8db1a8c gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Opinionated! https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615454 Wed, 27 Oct 2010 11:01:28 +0000 Sonysal…who's the Property Manager? That is a disgrace.Landlord Insurance doesn't cover non-payment of rent does it? Just Accidental and Malicious damage???

]]> d135752f3b424441f69d46d4505ba414 gronk007 replied to the topic Speculation on Areas in the forum General Property https://www.propertyinvesting.com/topic/4398997-speculation-on-areas/#post-4618538 Fri, 22 Oct 2010 21:54:14 +0000 Box Hill and Mitcham are well and truly gone if you're looking for bargains….Box Hill has been ballistic, even if you're looking at Box Hill North…

]]> b090c8aeee57809f07e128a9ed3f6cc3 gronk007 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/36/#post-4549138 Fri, 22 Oct 2010 21:46:09 +0000 Inflation is 3.1% at the moment….not the 6-7% inflation that was previously quoted.

]]> a65c2ed8315cc03e37a94987d658edc9 gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Opinionated! https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615450 Thu, 21 Oct 2010 11:44:45 +0000 believe it or not, the rent has been paid….an inspection has been booked by the PM for a week…..Fingers crossed

]]> 6b86348860ddb08e68f3eb704140412d gronk007 replied to the topic Investors Ruined Australia in the forum General Property https://www.propertyinvesting.com/topic/4401596-investors-ruined-australia/#post-4634492 Thu, 21 Oct 2010 11:42:46 +0000 I don't even know how to begin to respond to that post.

]]> fa0d5bb35490e42a13f8e3cc08c96874 gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Opinionated! https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615449 Tue, 19 Oct 2010 11:04:13 +0000 It's a pretty good area I'm in at the moment…I have to wait the proper period and all that as well…..I don't expect too many dramas with filling it, but thanks for the additional websites!

]]> 82530fe63d3cb5888dfc7af4ac9454e2 gronk007 replied to the topic Selling - Agent's Commission in the forum General Property https://www.propertyinvesting.com/topic/4401489-selling-agents-commission/#post-4633977 Tue, 19 Oct 2010 09:36:00 +0000 2% of sale price. Not a cent more.Sold on first inspection day, got more than I wanted.Brilliant.

]]> 86dff17187e4fe4b4114f7eb2f79501b gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Opinionated! https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615446 Tue, 19 Oct 2010 09:29:34 +0000 Looks like the place is empty…there's a water canal behind the backyard that let me have a quick peek…despite claims to the contrary that one of them instead of 2 of them, are still living there. No-ones seen a car there for a while now.To my knowledge, there is no landline there….we didn't have one when we lived there…Shame…..every…[Read more]

]]> 1b416bf5bde75efa29791cf38572a96f gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/#post-4633595 Tue, 19 Oct 2010 09:13:41 +0000 Hi Simon87,Liberty Meat Exports 47-49 Chifley Dr, Preston VIC 3072 (03) 9484 0605Gets busy on weekends…went there on Saturday

]]> e1f4b1eb36c8318e0ad5599f2d59f887 gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Opinionated! https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615444 Mon, 18 Oct 2010 05:09:49 +0000 As far as doing it myself, I'm still a newbie at this, and working 60 hours a week in my "real" job is taking alot of time.It's the things I don't know about yet that will bite me in the proverbial……I want to go to the site myself, and look around, but I've been told it's technically "trespassing", and if caught, will only prolong the…[Read more]

]]> e6eb0526263d53a8736020aea3f35026 gronk007 replied to the topic "property managers" too busy to manage properties! in the forum Got a live situation at the https://www.propertyinvesting.com/topic/4398484-property-managers-too-busy-to-manage-properties/page/3/#post-4615441 Sun, 17 Oct 2010 08:42:22 +0000 Got a live situation at the moment, I notice we didn't receive rent this month (was meant to be paid on the 12th, and in our nominated account on the 14th, or the disbursements happen on the 14th anyway)…made contact with our PM on Friday, as we set up in our clause that we are to be notified within 72 hours if the tenant has not paid rent for…[Read more]

]]> 15a0732b031b56a97e5112a07ca72f88 gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/#post-4633586 Sun, 17 Oct 2010 08:25:46 +0000 if you don't want to spend money, leave your cards on the bedside table….should have thought of that at the beginning of the weekend!

]]> 560e86aff08f10a03dfcc2949d938943 gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/#post-4633584 Fri, 15 Oct 2010 01:39:48 +0000 Come on everyone!!! We must have at least one specific money saving tip we have to share!!!!

]]> ed8ec1f2d3f3e857f59218633c25bacb gronk007 replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/7/#post-4609724 Sun, 10 Oct 2010 04:24:01 +0000 Um yeah…lets get this straight…According to Residex:Capital growth in the last quarter for Sydney homes: 2.58%Capital growth in the last 12months for Sydney homes: 18.81%Capital growth in the last quarter for Sydney Units: 3.24%Capital growth in the last 12 months for Sydney Units: 11.94%Capital growth in the last quarter for Melbourne homes:…[Read more]

]]> 811b0d41168e3f2d19b0c2f78a4f076a gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/#post-4633582 Sat, 09 Oct 2010 23:16:00 +0000 My last post was pretty general in nature, it was more of a train of thought, than anything specific…1. Put every gold coin you have in a jar, and put that into a savings account at the end of the month. I'd be shocked if you didn't have $50-$100/mth, simply from the poo change from groceries, general shopping etc etc. If you really want to ,…[Read more]

]]> bf0684e80410017c002ab977fec144d8 gronk007 replied to the topic Tips On Saving For Your First Home Deposit Faster in the forum General Property https://www.propertyinvesting.com/topic/4401421-tips-on-saving-for-your-first-home-deposit-faster/#post-4633581 Sat, 09 Oct 2010 22:58:15 +0000 I guess the old adage of "it's not what you earn, it's what you save", being the old chestnut.For example, the last financial year, my wife went back to study – her income dropped 60%.I changed jobs, earned 30% less than the average of what I earned the previous 4 years.And somehow, we still managed to get to Thailand for an 8 day holiday, buy a 3…[Read more]

]]> 5fc0fbcd536159fda2dfb4481c573ff8 gronk007 replied to the topic RHG - exit fees $16000! HELP in the forum I think the distinction https://www.propertyinvesting.com/topic/4395673-rhg-exit-fees-16000-help/page/2/#post-4600835 Sat, 09 Oct 2010 04:27:31 +0000 I think the distinction everyone has to make, is the break fees are enormous in the early years of a mortgage – it doesn't matter how much you've drawn down a mortgage, with RHG, it's a % of the original loan amount, and how long you've had the loan for.My wife had a RAMS>Westpac>RHG Home Loan and was paying 8.19% on a variable in 2008 (that's…[Read more]

]]> 10584afe8b792e2e54b62d6f98fbc86e gronk007 replied to the topic Best Melbourne Suburbs to Invest up to $500K in the forum Help Needed! https://www.propertyinvesting.com/topic/4399024-best-melbourne-suburbs-to-invest-up-to-500k/#post-4618751 Fri, 08 Oct 2010 20:55:46 +0000 Hi All,DWolfe – completely agree with you re: Wantirna – there was alot of stock on the market in March-June, and it was getting silly – there's no train line, and if Knox wasn't where it was…..you can make your own conclusions.I like beating the Heathmont/Ringwood drum; yes it has gone up in value (16-22% in capital growth on units AND houses…[Read more]

]]> d63838c6646c85d23b743b748cbc2857 gronk007 replied to the topic How to sell and investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4399100-how-to-sell-and-investment-property/#post-4619211 Sun, 26 Sep 2010 11:59:52 +0000 Did this ever sell? This thread was 6 months ago, sorry I missed it at the time…

]]> c9e35af60e515acf0f5dcd6bb742ac1c gronk007 replied to the topic good area under $200k in the forum General Property https://www.propertyinvesting.com/topic/4399465-good-area-under-200k/page/3/#post-4621675 Sun, 26 Sep 2010 11:42:02 +0000 I know this became a liverpool/wiley park kind of posting, but for those who know regional victoria, or those who want to know more…I'm studying Ballarat the next 3-6 months…most of the forums discussing Ballarat are dated 07/08/09 early 2010 and not much else….would be interested in other's opinions..

]]> ea7a6fd5dec04581d5ca2deac57a90a9 gronk007 replied to the topic How much is your real estate agent's commission? in the forum Help Needed! https://www.propertyinvesting.com/topic/4401281-how-much-is-your-real-estate-agents-commission/#post-4632376 Sun, 26 Sep 2010 11:23:15 +0000 I'm assuming it's the selling comms with the first sentence being "I'm looking at selling an IP I own"…I recently sold a 2 br townhouse in Artarmon, they charged 2.0% of sale price. This included everything. And by everything, I mean everything. I don't know any real estate agent that will go lower than 1.6% of sale price, unless we're talking…[Read more]

]]> 082f713fc877c487676d89e124a7426e gronk007 replied to the topic What to do with $250,000 in the forum Help Needed! https://www.propertyinvesting.com/topic/4386164-what-to-do-with-250000/#post-4551653 Fri, 21 Jul 2006 09:30:12 +0000 Thanks for everyone’s help – things are heaps clearer now :)

Anymore thoughts, especially outside the square are appreciated…

Adrian

]]> 811d35cb8acb7674e5492d3b6a0152fa gronk007 replied to the topic What to do with $250,000 in the forum Help Needed! https://www.propertyinvesting.com/topic/4386164-what-to-do-with-250000/#post-4551645 Mon, 17 Jul 2006 13:06:53 +0000 Hi,

I think my post says high single digit, low double digit growth….

There’s a big difference between simply putting the money into places like ING or BankWest, I have no interest in those kind of accounts for this kind of money..

I intend on re-investing the distributions of the Imputation Fund back into the fund…The advantage of the…[Read more]

]]> 84882a410a34fc456ec8bbf86b359cf9 gronk007 replied to the topic Never invest in 1 b/r units in the forum Help Needed! https://www.propertyinvesting.com/topic/4384159-never-invest-in-1-br-units/#post-4540524 Sat, 04 Feb 2006 23:51:17 +0000 Just Learning…

There’s no doubt about the long term capital appreciation in Metro NSW, but there’s always sub sectors within a market, which gets back to my original post… 1b/r on the lower north shore, or a sturdy 2 b/r in the inner western suburbs??

Probably time for me to buy some market data, or keep a very close eye on those areas I was…[Read more]

]]> b34af9c433c770aef3d166e6c8fa5b1a gronk007 replied to the topic Tax Refunds Upfront?? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4384123-tax-refunds-upfront/#post-4540323 Sat, 04 Feb 2006 08:19:24 +0000 As someone who hasn’t really done too much re: PI, how do you actually prepay interest, or prepay outgoings vis a vis documentation, proof etc

Sorry if this seems like a really obvious question..

]]> 8426a54e8d1e7646ac0a0c567da50e29 gronk007 replied to the topic Never invest in 1 b/r units in the forum Help Needed! https://www.propertyinvesting.com/topic/4384159-never-invest-in-1-br-units/#post-4540520 Sat, 04 Feb 2006 07:18:52 +0000 Hi Derek,

I have a 2 b/r unit as a PPOR which has approx 77% LVR currently, so I have a budget of around $300,000 to purchase on a unit in Sydney metro. I can either look for a really good 1 b/r unit around lower north shore, or a sturdy 2 b/r around the inner west.

Most 1 b/r’s I can find are renting around the $230-$260…so I dont see that…[Read more]

]]> baaebaca2bd9e0ed48a80d7ad726da21 gronk007 replied to the topic IP in same suburb as PPOR in the forum Help Needed! https://www.propertyinvesting.com/topic/4381905-ip-in-same-suburb-as-ppor/#post-4527666 Tue, 30 Aug 2005 20:48:46 +0000 Good question – i guess if i’m solely looking for cf+ properties, that would wipe out the good majority of units/apartments in Sydney then I’m guessing…..

]]> ff3068fd5fac334da44034b24403056b gronk007 replied to the topic IP in same suburb as PPOR in the forum No Subject https://www.propertyinvesting.com/topic/4381905-ip-in-same-suburb-as-ppor/#post-4527659 Sun, 28 Aug 2005 09:31:35 +0000 Very true – I also earned doing Economics to diversify, and not too put to many eggs in one basket/suburb!!

]]>