Thankyou Mister Redwing- certainly helps []

It really makes it worthwhile to buy a unit/house built post-1987, and to pay the extra money for it. Beats getting depreciation just for curtains/carpets. [V]

kay henry

Thank you Stuart. Basically, if a bank says no wraps, or no loans to third parties or whatever… the loan will be void if ever the wrappee wants to get out of it.

kay henry

Good on you, landlordtobe! Most of my friends (and me) rent, and I think the going rate per room in sydney is $160 per room, and about $200 per room in a decent house inner west (and probably north shore too!)

Whilst we can know that rent money is “dead money”, for some of us, there isn’t a way around it right now. Great for you that you’re…[Read more]

Rachel

When I sold an IP, I was given a market appraisal from an agent of $XXX. Then when he suggested I sell for a range of which the lowest price was $XX below what he had first quoted me, I said, no, that he had quoted me amount, and I wanted to sell for that amount. I said “If you think it is worth that amount, then that’s what I want you to…[Read more]

Sorry folks- this has left mea little confused… is it 40 years deductions (from original date- 1985/1987) or is it 25 years?

kay henry

I tewnd to think chat rooms have a different purpose. Whilst Brent’s idea is a good one- a specific topic that people can discuss, ask questions etc… that would be great for some. But there could be *two* rooms- one for mere chat- with no stipulations etc- like somersoft- and a more purpose-orientated one.

Chat rooms have the benefit of all…[Read more]

Good morning Lucifer!

I don’tbelieve there isa problem with rental guarantees… a lot of the 1-bed apartments in melbourne (city/carlton areas) have rental guarantees because they are rented to students or are presumaly used by motel chains. The guarantees are also renewable. I see nothing wrong with that. I am talknig about apartments- studios…[Read more]

I would think that a better avenue for owners would be to sue (in a civil suit) the dodgy valuers who gave the overinflated values in the first place.

Valuations should be just that- a “value”- not an “estimate”.

kay henry

Good morning Redwing and Bec! Givcen that I slept 20 hours on the plane and then a few more at home, I have jetlag- and what’s YOUR excuse, redwing? :o) Bec, you’re safe on this one- you’re an English lass..

By the way, Bec= are you REALLY Neil Jenman? The wrappers seem to think so- hehehe….

kay henry

Ricksters,

Pozz gearing measures are only calculated on tenancy. No tenancy= your property is fully negative geared. Watch out for properties managed in that way- they’re likely to exaggerate the benefits. Go for a rental guarantee instead. If it’s pozz geared, it’s likely that it’s a cheapy. A rental guarantee will serve you well for a couple of…[Read more]

Pisces,

I tend to think that overinflating value is only a problem if the agent doesn’t sell at that price. So quoting 450k is ok if the agent can get that for the vendor (after all, a house is “worth” whatever the market will pay).

I think the problem is when agents “condition” the owner- giving them a high valuation, but then trying to get…[Read more]

So for 36k, plus body corp fees, rates, insurance etc etc, I can own my own PPOR? Frankly, the ONLY way I can do that, is by buying IP’s and using the extra income I earn to get my own home. I’ll need $800 a week (for all mentioned above…), so I can afford it in 25 years when IP’s are paid off…

Am I right in this? Anyone wanna tell me how I…[Read more]

$220 per quarter is probably not too much. These days,I see anything under $1000 per annum as reasonable. I doubt you´ll find any BC rates anywhere under $660 per year.

Also, it would be good if the property was built after 1985- there´ll be good depreciation benefits.

Any special features? Heating, bath, views etc?

kay henry

Russ,

You said: `I have just read 0-130 and i believe that if u can +cf property from renting then why do u need an income to service loan.´

There is no guarantee that we can have a tenancy for 25 years or the term of the loan. What if you need major repairs or all the other things associated with a mortgage on an old house? Generally old…[Read more]

Pousti,

That price is expensive in inner-city melbourne. Check out domain.com.au. There are hundreds of apartments there for under $200k in the middlec of the city. There are also rental guarantees there- the student apartment niche. Don´t pay too much when there is so much to choose from.

kay henry

So if the weekly positive CF is 2.26 weekly, is that before tax? Would the figure then be reduced to about $1 after one pays taxes on it, presuming one is in the highest tax bracket? Or is this 2.26 figure pre-deduction?

Given a return of 2.26… one would really have to wonder what all the fuss about CF pozz is. What if you need to rewire this…[Read more]

elves- it´s all good :

Someone was discussing moving to a suburb that is less desirable than the one we wish to live in- so we can paz less rent, afford the PPOR etc… and I was responding that due to my ´lifestyle´or sexuality, I make sure I live where I am not gonna be killed. Most tenants want to feel safe in their ´hood.

kay henry

PG,

You can check out the ´new apartments´section in domain.com.au… they have some OTP´s on there.

kay henry

Simon said:

here is my answer:

Number the balls 1, 2, 3….., 10, 11, 12
Weigh 1, 2, 3, 4 vs 5, 6, 7, 8 with 3 possible outcomes:-

1/ If they balance then 9,10,11,12 have the odd ball, so weigh 6,7,8 vs 9,10,11 with 3 possible outcomes:-
i/ If 6,7,8 vs 9,10,11 balances, 12 is the odd ball. Weigh it against any other ball to determine if heavy o…[Read more]

Come now folks… don´t we like people inflating the market for us? People from the south bought up brissy because prices in sydney became inaffordable. Southerners also bought up tassie, SA, perth etc etc…

Be happy that brissy has grown so much! Particularly be happy if you have property there [:o)]

kay henry