hehe Celivia ) If I didn’t know you were such a genius, I would say it would have taken ages for anyone to write that message. Yer cute.

kay henry

Thanks Jaffa, and I didn’t mean to pry So you have to have it on land sometimes? So I guess people on houseboats would either have to have their own land; “rent” to stay on someone else’s land; or receive permission from a friend to stay on their land.

It sounds like an exciting journey Jaffa- qwill you be working as a fisher dude on the boat?…[Read more]

mrsimba, you asked about apartment living, and it is up to the body corporate, not an individual owner…

Check the following out for the law of nsw, at least.

http://www.noyce.com.au/legal-publications/strata-title.html

“Are pets allowed in strata units?

“The standard by-laws provide that animals may be kept in strata units only with the…[Read more]

Jaffasoft,

Do you have to pay mooring fees etc, for your houseboat? If so, are they expensive? Are there any other expenses, oir just maintenance on the boat? I guess you’d have to keep it “registered” or something??

I’m cluless on this stuff [mellow]

kay henry

Many Banks have 70% LVR, Rob.

Here’s a detailed list of some Banks’ Policies from this article:

http://www.theage.com.au/articles/2004/05/21/1085028511164.html?oneclick=true

Flat rates

Leading home-loan providers limit the amount they will lend for inner-city apartments in certain areas to 70-80% oaf the value of the property, some as little…[Read more]

coops- it depends on what you’re looking for. Really expensive propertires in cities generally have a large neg CF. Really cheap properties in the country might have a pozz CF. Neg growth or no growth means you are paying pre-boom prices- well, that’s not such a bad thing. Ihave looked for places that have not achieved huge growth too- I call them…[Read more]

Oh thankas Lucifer! Talk about get an exact answer to my question in 1 minute! I do love google myself

kay henry

A saxophonist in our midst! Welcome Cam :o)

Cam, I know places like wellington were raked over thoroughly by investors about two years ago. It then achived considerable capital gain- good luck in finding CF+ properties there. I have to say though…. have you SEEN Wellington? I worked iun the outback for a while, and Wellington is not pretty- I…[Read more]

Marisa – heya :o) I apologise for not returning your PM- I did mean to. [blush2]

Marisa, I think if you feel that a property is worth 50k, then offer that. If people want a property, then it can be worthwhile paying for it. To me, it wouldn’t matter that some properties in the town have been on the market for a long time- that doesn’t mean…[Read more]

Well, I did watch that segment and found it pretty interesting. I must say, Auckland looked *hugely* oversupplied in the pictures they were showing. It would have to have a significantly increasing population to be able to sustain the amount of new high-rises they are building.

Does anyone know if Auckland’s population is rising?…[Read more]

J A C,

I just bought an IP in sydney. The vendor didn;t put in a tenant because she wanted to be able to sell it to both an owner occupier or an investor. Obvoiusly, you can’t sell it to an owner occupier as easily if it has a tenant. Hence, you’ll be selling toan investor, who wants a tenant. It depends on what the rental is too- if the RE…[Read more]

xxx said:

Being gay meant you were happy.
A lemon was a fruit, not a lesbian. (and was that a vomit sign next to it?

Charming… a homophobe in our midst.

And some of us ARE happy, xxx- check out the pics page under “monika” and you might understand why.

kay henry

want2brich,

It’s 100% tax deductible, until the govt imposes some retrospective tax changes- remember tea trees and emus? hehe )

If you get 100% tax deduction, it can reduce your taxable income by 10k… but if you are making a *profit* on any other income (such as pozz geared IP’s), it will merely be offset. You’d only get back 3k-5k anyhoo……[Read more]

Oops G7- I think I read your amount of posts as your age! (In which case, I would be as old as Methuseleh). And G7- now that I know you’re so young, you have many many options I hope you can one day afford your own home too

Bbruham… [blink] you need some sleep!! I may one day own a home, bbruham- thanks for your thoughts [hair2]

kay henry

moneymaker did ask for opinions, so here’s mine: I wouldn’t touch either of them. I’d rather a property that yielded 8% without any of the problems you’ve mentioned than a property that yields >10% with those characteristics.

kay henry

G7 :o)

I’ll give it a shot answering you from my experience. I checked out your profile and you’re 42. I am 37- I am not sure of your situation, and it might be really different than mine.

I’ve never really been able to afford my own home. I probably thought that was a bad thing in the past, but now I see it as a reasonable part of “fate”, given…[Read more]

I will add to the list of other changes that have occurred of recent (the last 7 years) that have changed the RE market significantly:

* The ease of gaining finance- it simply wasn’t possible for people to get finance in the past as it is now. Lo-docs, no-docs, 105% loans… these all mean that every man and his dog can get a loan. This would…[Read more]

TIP:

If you buy a new apartment, you can wait until it is a few years old, then you know if any problems have arisen in the building of it. The problems should be identified and fixed before you buy.

TIP:

Get a “Land Transfer” certificate from your local Council (your Solicitor can do this) before you buy. It will show you the price the…[Read more]

Yack,

Let’s not kid ourselves (and I know you won’t because you have a strategy similar to me)… self-funded superannuants (as opposed to govt pensioners) are NOT going to be moving to your average country town. Sea changers and lifestyle seekers are going to be moving to places that are almost as exxy as their regular city homes.

There will be…[Read more]

Well, bbruham, it depends on how pretty those little old ladies are, but yes, I can imagine it might meet some of my needs to spend time with some pretty knitting old ladies

bbruham, I guess as a person who likes to relax, I really don’t understand the 16-hour days, 7 days a week thing… but as people on here might know, I am also one who…[Read more]