Bill,

I have a few issues with some current trends in RE borrowing. One is the ease with which people can get a 100% or 105% loan these days. I think there is a trend towards people being higher and higher geared- wanting to increase their gearing above 80% or 90%. I wonder what will happen if IR’s rise (and they are bound to at some stage- but…[Read more]

bbruham… it depends on what “a life” it is that you are suggesting people should get… seems to me, that you are workiing so hard, that you think “a life” is all about work. I think a life is a combination of work and leisure. Some people believe it is all about leisure. Not quite sure why you think that working a 14-16 hour day is having “a…[Read more]

Yackster :o)

I have bought 3 houses in the past 9 months and sold one. That for me is doing what is right *for me*. I did have a plan (or a thought) to buy one place a year, but then, with the kinds of places I seem to be developing a taste for, this isn’t really possible (I don’t think- I guess I’m not quite sure- i never really do a financial…[Read more]

I thought that this thread would have to have some objective data sooner or later, so here it is… In case anyone is wondering, DEST is the govt body which adminsters all public education in Australia. The EIP’s are investigative projects commissioned from DEST and the material found in them, and conclusions drawn, are then used to create policy…[Read more]

Lucky I am not a financial adviser I only know I like reducing my mortgage. Any personal debt, I tend to worry less about- I know that’s upside down, but it’s my psychology. Mortgages are so HUGE, ythat I try to get them down in every way possible

kay henry

Stamp duty isn’t a tax deduction. It only becomes a deduction for the purposes of CGT when you sell. You could think of paying the 10k into your IP maybe

Don’t spend it all at once anyway, robo. IP’s can be expensive to maintain, as is life. I easily spend 10k each year on bills, insurances, car rego, insurance etc. Sometimes, it’s good to have…[Read more]

Suzie,

I do NOT believe the tenancy tribunal will favour the tenant in this circumstance (you will not be going to court, but to the Tribunal). They will follow the laws of tenancy. Make sure you read what you need to do and follow the process *to the letter*. If you react and do something outside of what you are legally entitled to do, then it…[Read more]

Helena,

I would think that most of us here are “everyday” kind of folks. Some would have had financial help to get their first “break” and others haven’t. It can be a slow slug- no secrets, no being “in the know”- just learning stuff, and working out the conditions needed to purchase one’s first property. The first of these conditions *for me* is…[Read more]

Melody has asked a second question. Can someone who has some knowledge of the area please give her some ideas? It might help her more than this useless machismo act.

kay henry

PurpleKiss :o)

I really think that it’s been the ending of the boom period that have a lot of people selling their houses. People have been realising it is finishing and have been getting in to realise that CG. How many of us sold last year? I know I did. Take the gain for the “poor performers” and buy into better performers. I doubt I’ll be…[Read more]

Thanks babu for posting that info :o))

Thing is… what I reckon is… the day is free. So it means I wouldn’t be forking out maybe thousands to hear the same stuff. And FIDO asks how much is 9.5 hours of one’s time worth? Well, given that it is a *weekend* then my time isn’t worth a dime. It’s kind of a weird point to ask how much an audience…[Read more]

Had a plan to buy another IP before I was 40, but I just did that last week- YAY!!! So now, I make another plan (idea) to buy an IP before I am 40 again I’m 37 now, so I have another 3 years. I had thought about buying a property each year, and may still be able to – serviceability might be a bugger though- dunno. By the age of 42, I’d like…[Read more]

David,

If you already have one IP, then you probably already know a bit about what you’re doing. If you have an income of 150-200 bucks a week, I presume you are on Austudy or at least on some very minimal part-time work. I presume this doesn’t include your rental income, as that would be going to service your current loan. I am wondering how,…[Read more]

Pisces,

It’s opposite a University, mate. The tenancy market will probably be International students (most of whom don’t have a car because the Uni is so urban- this would be different in, for example, a University that was much further out of the city). The other tenancy target would be visiting academics – International scholars.

Due to the…[Read more]

SupaFreak and all :o)

Ok, I’m done with the mullet chat [offtopic] but image is a really interesting thing. I think having a sense of “style” and developing that is more important that wearing clothes that one *isn’t* comfortable because one thinks that is “professional”. For example… if I see a woman wearing those dreaded court shoes… I just…[Read more]

Each of my properties is borrowed against the other- no big deal for me. Tenants are not the only thing one has to rely on when investing. Use your income from work to pay off the debts too. Being “rent-reliant” is risky, cross-collaterisation is far less so.

kay henry

ok mr rogue- I’ll go there about RE implications. I just bought an apartment without parking. Mad, some people might think! But it is in such an urban centre, that the kind of tenant it would attract would probably not have a car, not need one. The area is high in public transport, and it’s in the city. Why would one need a car?

As for me, I do…[Read more]

Nice to see you have discipline in *some* areas of your life, Celivia [rolleyesanim]

As to layby… the last thing I laybyed (I am sure that’s spelled wrong) was this old computer I am typing on now. Each month, I would go and pay the $88 a month or whatever it was.. X 2 years to pay it off- one of those harvey norman interest free deals that…[Read more]

Felicity,

I didn’t think that was waffle at all- nice post, I thought )

Lucifer, I love that mulletsgalore site- veeeeeeeerry funny :o)) I do not have that kind of mullet )

sizzling_duck, I work in the centre of sydney, at a major urban University – hehe… Ipswich indeed! (not that there’s anything wrong with that!)

Mullets are de rigeur…[Read more]

georgis,

I think it’s just whatever mix Steve McK is looking for for the forum.

kay henry