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Jpcashflow
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June 4, 2013 - 6:36 am
Good topic Richard,
I think any further rate reductions will be on hold until the following data is reported:
1) With the falling Dollar will manufacturing and exports increase? Its to early to tell – My guess this data will be reported in another 3 months
2) Retail and spending data: With the dollar decreasing – Government bodies will hope that both brick and online (Domestic) sales increase if international sales are still on the rise then falling dollar and low interest will do nothing to stimulate the economy.
3) I Sold my share portfolio about three weeks ago before the dollar started crashing (thank god for that) and you can already see that both bonds and equity markets are starting to decrease in value…
What will happen in property? I think low rates are great for investors but my question is if it becomes more affordable to buy your own home will current tennents opt for buying a home not stop renting?
Jpcashflow | JP Financial Group
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Jpcashflow
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May 31, 2013 - 3:02 am
Hi,
I could be wrong but from memory the contract will be based on when the contract was actually signed not settled….
Jpcashflow | JP Financial Group
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Jpcashflow
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May 29, 2013 - 9:12 am
Hmm I love these surveys…
Unemployment is rising and things are going to get allot worse
I think prices will remain steady for quiet ssome time.
Australia exonomy is shifting into another phase.
To much debt is going to hurt aallot of people…
Jpcashflow | JP Financial Group
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Jpcashflow
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May 22, 2013 - 12:46 am
Hi Mikel,
JacM has really provided you with some good advice. Depending on what area you are in, it could be true that the rental market is struggling in some areas and booming in others. You will start seeing real estate agencies increase their PM fees for two reasons over the next couple of months:
1) Cost of running real estate business has increased – So to absorb some of the cost increases this is one way to increase revenue.
2) Sales are pretty flat in allot of areas, So agents will increase rates to absorb some sales losses as well.
You have a couple of options,
1) call the agent and say you have received the letter and advise them you are not prepared to work on does rates. But you have to look at your options, if you move to another agency how will the service be? Some times its better to no the devil you know then the devil you dont know

Jpcashflow | JP Financial Group
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Jpcashflow
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May 20, 2013 - 3:16 am
Hi babybee,
My gut feeling suggest's that this land might be in a area like: if the area is not on the list please let me know what area this in.
- Cranbourne
- Tarneit
- Wyndhamvale
- jacksonsville
During the boom times / first homes buyers grant era i was selling these types blocks of land like hot cakes, Prices for these have always been over inflated.
I hate to say this but you are in a bit of a pickle, here are my reasons:
- Demand for new homes in new estates (victoria west) has slowed down allot.
- Many banks have restricted financing in these areas due to a high number of people going bankrupt
- Plus people are aware that their is so much land available
A good friend of mine has been trying to sell his block for a year and has dropped the price even by 30K and still has had no luck, THe main reason based on his area is that builders are selling blocks of land and houses as cheap pacakges with low or no desposits.
If you tell me what area Il send you a private message with a stardgey
Jpcashflow | JP Financial Group
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Jpcashflow
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May 20, 2013 - 1:21 am
Me mate from NAB has said watch their rates come down too lol
lets see
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Jpcashflow
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May 19, 2013 - 10:42 pm
Hi all,
Westpac are advertising 4,75 watch rates go lower
Jpcashflow | JP Financial Group
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Jpcashflow
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May 9, 2013 - 3:31 am
RPI has hit it on the spot,
Home renovation shows are a huge problem, Now every one wants to become a renovator….
My theory has always been this (mind you i renovated three properties) I made my money from buying the property at a below market price and I am not talking 10K or 15K I used to aim at 60K.
Renovating only gave me a better chance to sell the property….
Also when you say "you dont want to make huge" how much % or $ value are we talking about?
Jpcashflow | JP Financial Group
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Jpcashflow
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May 9, 2013 - 12:24 am
Hi Joyfull,
Are you in a rush in buying a property within the Melbourne Market?
Here are some reasons why I am asking you this.
1) The market in Melbourne is FLAT and prices will continue to fall or at least remain the same – Some areas in Melbourne are performing well but not at the price bracket you are looking at too.
2) Ballart is a interesting area: Nigel mentions that there is plenty of land, and his not wrong, You have so much land in areas like Melton, Bacchus marsh, Hopeton Park and many other areas.
3) Allot of homes on the market and there are quiet a bit for lease in the area and why? Unemployment is increasing in that region at quiet a quick pace, Manufacturing and agriculture have slowed down and there have been allot of lay offs in the area.
4) Interest rates have come down again and I will believe rates will come down even further…
My advice is be patient and just do allot of research!!!
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Jpcashflow
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May 1, 2013 - 6:50 am
Hey guys
It’s all about timing I guess!!!
When I first started buying property the negative loss where outweighed by the capital gain, In a bull market I did well from this strategy… and sold for a handsome profit…
I currently have two properties and one is where I live in all of their and the other is positive geared.
Any assets I buy needs to be Positive geared from the start otherwise waste of both time and money..
I wouldn’t be surprised if the governments cuts negative gearing…
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April 20, 2013 - 2:43 am
Jamie you are right
there are tons comming in and tons going under
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April 18, 2013 - 11:18 pm
Hi,
Good idea and why not!!!
The only thing you need to consider is this:
1) When you sell the house you will have to pay agents fees "etc"
2) What if you don't get the price you want? Do you have a back up plan?
3) When you buy a new home you will have cost such as stamp duty "etc"
4)Pay of the PPOR – I will never pay my home loan in full, I want access to my loan!!!
Jpcashflow | JP Financial Group
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Jpcashflow
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April 18, 2013 - 12:01 pm
Cool, well in an ex agent if you need any info let us know
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Jpcashflow
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April 17, 2013 - 9:32 am
Maybe contact each state representative, such as in Victoria REIv
ita going to be very challenging to get accurate data
what do u want this info for if u don't mind me asking?
Jpcashflow | JP Financial Group
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Jpcashflow
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April 17, 2013 - 3:34 am
You might want to look at each state rather the. Austrlia
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Jpcashflow
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April 17, 2013 - 1:45 am
HI,
Auctions are a very strategic event, Sure the weekend or weekend inspections may be quiet but what about private appointments? If you don’t live to far from the home you want to purchase it may be worth it every night after 6 to go past the house and just have a quick look. When I buy properties I usually go to a couple of private inspections and a couple of opens, This will give me an idea on how much interest the house has.
The agent will only suggest what the reserve price may be but at the end of the day it’s the vendor who must accept this…
Also are you or have you considered putting an offer before the Auction?
For example if you put in a private bid before auction, you may be put in terms like “pest and building “ inspection, Finance clause, the amount of deposit you want and even what settlement you looking for.
If the vendor accepts the bid your laughing and if they don’t this may give you some leverage, If the auction happens and no one bids then its fair to say the ball is in your court….
Good luck
Jpcashflow | JP Financial Group
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Jpcashflow
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April 15, 2013 - 3:43 am
Hi Andy,

Welcome and hope we can all help!!
Very good question you have and also I was in a very similar position to you.
I am 28 years old but at 21 I bought a my first property, I was living at home (No Rent), No girlfriend at the time and i was working two jobs, So my first choice was buying an IP.
My 2nd house was different, I had the intentions of moving out so i bought a PPOR and another IP at the same time
I think you have two good choices here:
1) Why not look at getting two properties? 1 IP and 1 PPOR speak to a broker QLD007 or Jamie will help you on this site.
2) It looks like you want to move out? So maybe focus on a PPOR first….
Cheers
Jpcashflow | JP Financial Group
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Jpcashflow
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April 13, 2013 - 11:15 pm
Any time Richard more then welcome lol
Just dont bring the rain with you…,
Jpcashflow | JP Financial Group
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Jpcashflow
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April 10, 2013 - 12:08 am
I work for a large shipping line and volumes have decreased, in fact four other shipping lines are co loading with us just to keep a float.
These 4 shipping lines are considered the big Mammas of China and they are quiet, So we share our vessels which isnt a bad thing for us
But sure tradies and other business are busy, This is true, but the key question is how many business are actually get paid? allot of people spend more time chasing the money then acutally making the money.

Me personally all this gloom and doom provides every one with a opportunity. When things get tight the following happens:
1) really good workers or business people will either thrive or at least survive in these conditions
2) The lazy will struggle and not make it
Nigel and I had a great conversation about this topic on the weekend and he made a really good valid point.
When where in a BOOM allot of people wants to be a real estate agent or mortage broker "etc" because they feel like its easy money, and when your in a boom you dont need to work as hard for your money.
But when things get tight, allot of people just struggle, A friend of mine is making more money in selling houses now then he did in a the boom times, he basically said less agents on the street = less compition
Jpcashflow | JP Financial Group
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Jpcashflow
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April 5, 2013 - 5:44 am
Hi,
Very good question, This government is a joke beyond belief, its main purpose is to punish people who work more or harder.
Also the government believe they have the right to punish people who are wealthy.
People dont become wealthy because of luck just simply hard work..
Unless you win the lotto of course…
Oh if your a junkie thought your centerlink payments will increase lol
Jpcashflow | JP Financial Group
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