d_dry,

Yes, you might get $2 a week… but that means you have an asset you are paying NOTHING for- the tenant is paying it off for you in its entirety. Of course, for a 56k property, it may be in such poor condition that the roof might fall off- who knows? And if interest rates rise, well, your property may become negatively geared. Also, rural…[Read more]

Sad how some people need to call the victim in this scam stupid. Seems she tried to get outside knowledge but was prevented from doing so. Anyhoo, I guess victims are often called stupid. I remain unsurprised at the response.

kay henry

Swampy,

I’m surprised that, on an income of 120k, you are only able to borrow 750k. wow- some of the people on here have an income of pretty much nothing, and tell tales of borrowing millions!

I would imagine you should be able to buy your dream property as your LVR would still only be @ 70%. I reckon a good Mortgage Broker on here could sort…[Read more]

Melvin :o)

Yep, the eastern suburbs are a very good long-term investment in Melbourne, I think. Good old establishment areas- I think you can’t go wrong with them. I think the OTP markets are skewing the melbourne market in general. I don’t think the eastern suburbs will suffer drastically. You have generations of families who will always create…[Read more]

Dom,

If it has strata fees, it’s must be a unit. Units were not built prior to the mid 60’s, so it can’t really be more than 40 years old (unless it was a house that was turned into units or something). How come the rent is so high if it is in a smallish place?

kay henry

Yack

I don’t understand why americans make such a big deal about their IR’s- ours rise and rise, as do India’s and NZ’s IR’s, and it all passes without a moment’s glance. The Americans have been talking up this IR rise for so long- i wish they’d just hurry up and do it!

As for us, I doubt their measly IR rise will affect us. Our market…[Read more]

aussierogue,

The RE agencies are in your town because it’s coastal, and that in itself sets up demand, and contains a RE fundamental (sea). Some places are *tiny* but hugely expensive- untouched, not overly developed, and will be a good investment. A rural town of 450 people is gonna struggle much more as an investment.

kay henry

LifeX,

Sounds like you are setting up more of a “boarding house” situation. People who share houses are all kinds of people. I lived on an expired lease in the same house for 12 years before I moved to sydney- and everyone there- there were 5 of us- all were working and studying. None of us were “down on our luck”.

I think if you are targetting…[Read more]

LifeX,

I don’t think one can change one’s nature necessarily, and nor do I think it’s desirable to attempt to do so. Just be yourself. You’ll get a mix of good and bad outcomes whether you’re soft or hard anyway. If we could all make sure that if we were “hard” and we would be guaranteed 100% stress-free IP ownership… then we’d probably all be…[Read more]

Plus the tradie guys get so much support from the wonderful women and wives on this Forum who support their work and do their paperwork (check out the “what do you do for a living” thread in Forum Fun to see how many women work with their hubbies Sp really, you have two people working for the trady’s livelihood- give them as much moolah as they…[Read more]

duck

I think that 60k for a tradesperson is pretty base pay. Basically, the work many of them do might be dangerous, highly skilled, or even dirty (plumbers fixing toilets or other things). I think the degree of skill they have warrants their pay. But really, 60k is a pretty basic wage in sydney. And they do callouts- god, I reckon they deserve…[Read more]

homer,

If it’s only a little town (ounds like it is) then go to google.com.au and look it up. Type in the name of the town and read every single article about it. Each article should provide you with further info, and by reading them all, you’ll become an expert on the town. By typing in the name of the town, you should be able to find out about…[Read more]

westan :o)

I tend to think Neil Jenman was actually speaking of woop woop places. Personally, I like woop woop places- for holidays, and peaceful retreats… but not as an investment (eg, the 500 population places I mentioned).

It doesn’t matter- to me- if an article is written by Neil, or Steve, or Jan- it’s the ideas I am interested in- not…[Read more]

Melbear? got any comments on this one?? *poke poke poke* *POKE* [biggrin]

kay henry

Misty,

As with many of these things, people have their own definition. I just see pozz gearing as the price i paid, and the rental yield %. If it is 10%, then i see my place as pozz geared… I know this is *vastly* different to how others might see it… many use complex formulas etc. Whittaker is a pretty good author, and he probably has some…[Read more]

I think in the pursuit of cash pozz investments, and in the event of the RE boom, people have had to go to smaller and smaller towns to find cheaper properties- that’s obvious. I think there is a real danger of some of these places becoming “ghost towns”. If you invest in a few properties in a town of 500 people, and (for whatever reason), people…[Read more]

Gatsby,

Enjoy yourself in Qld :o) Look forward to your posts when you get back.

kay henry

tonykim,

If you are looking for a place that’s suburban (ie not rural), and possibly, in my opinion, still undervalued, you could check out goodna. I reckon you might still be able to find something under 100k there if you snoop a lot.

Of course, there’s always the mining towns etc etc… Not my cup of tea, but someone else can inform you about…[Read more]

Sell your IP’s at positive geared prices, guys :o) how much rent are they getting westan, Del? $100 a week? I’ll buy ’em up at 50k [biggrin]

Bill, some prices have fallen, I believe. But why panic? An investor buys at fallen prices, and sells when prices rise- there’s no genius in that, but it also means one should never panic. Buy well (cheap),…[Read more]

Ensuring a BC maintains the apartments doesn’t mean higher levies. One of my places has an admin/sinking fun total of 100k- that’s money that can be spent on improvements. Spending BC money is an investment into the life of the property- it has nothing to do with the raising of fee levies.

kay henry