tjal, zou can find info on the state of the market all over the net. Try the RBA website, or just look up ´real estate australia´ in google.com or in the news section of google…

I believe it is *always* a good time to buy real estate, depending on what you want to pay etc… I´m 37, and if I don´t continue to buy, I´ll run out of time… none…[Read more]

Tony,

I think it´s a really bad idea to buy into a floodzone. Your tenants may get flooded and then there goes your pozz cashflow… You´ll have to gut the property and how many tenants want to lose all their stuff in a flood? It truly sounds like a nightmare. I have read of stories on here and somersoft where tenants refuse to pay rent due to m…[Read more]

hehe… I see aussierogue has a Sadistic streak in him… leaving all of us here in great agony… shame on you, Marquis De Rogue! [}]

kay henry

Funny the way these dudes tell you how crap it was the way you were socialised to think and then they tell you there is another way… to think just like them!

When I met a few of the lovely sydney lads, one of the things I enjoyed about it was that they were all so different from each other- I really like that in people. We don´t all wanna be…[Read more]

Ahhh, the Great Aussie Guarantee:

`the agent reckons will pull $160 a week “no probs, mate”.

hehe… you godda laugh : Strider, generally rural properties will yield less than regional or citz properties. Check out the RE sites and go to their rental sections online or check the local rag in the town. Improvements swuch as aircon (SE QLD is…[Read more]

Redwing,

Interesting comment about keeping existing customers, or tenants. On the other hand though, I recently bought an IP with tenants with a few months left on their lease. Nice stable tenants whom I met. The rent was pretty cheap but I was happy with it… kind of… Then they say they´re moving out. So I get new tenants in at market rental…[Read more]

I also seem to recall that Jesus was not a rich guz, but that he loved all people- remember Zacheus, the tax collector? Well, Jesus loved him too, plus mary magdalene etc. Jesus was a humble guy- of humble beginnings- Joseph a carpenter and Mary, Jesus´mother, was a housewife. I do not see the bible as a get-rich quick book, and Jesus didn´t c…[Read more]

I think auctions have been a recent thing in terms of popularity. 15-20-odd years ago, they weren´t particularly used. I think the new regulations will put them back in the closet for a while, and private treaty sales will pick up the pace. I was alwazs under the impression that auctions were more for boom times where the market was rising, or…[Read more]

Thanks for your replies folks :o)

I would think that all houses would be on the website too. Given that Rick is meant to be the ´wrap king´ it surprises me that he only has 5 old-stock houses for sale.

kay henry

I think a decent person, whether Christian or not, would care for all people, and not have to put down poor people.

kay henry

sis, even as a non-mortgage broker, i think i can answer this quite simply.

Each time you go for anz loan- be it credit card, personal loan for a car etc, or a mortgage, it is recorded by a central credit agency. The provider zou go for a lona with will run a credit check on you when you apply for a loan, so disclosure is not really an issue-…[Read more]

lee,

With deposit bonds, just be sure you have enough money to pay for the joint in case you can´t onsell. You´ll be up for at least the full deposit and lose a whole lot of money with legals etc if you pull out of the deal before the due date.

OTP apartments can be a good thing if you buy into an A-grade block, with some distinguishing f…[Read more]

Well, Í´m an atheist, so Christian arguments are irreleveant to me. But don´t forget, we atheists also have a sense of what some people call ´morality´which i call living by certain ´principles´. I am more interested in the practices people use to make money- not in how much money they make. Onserving the practices of others helps me to develo…[Read more]

ísn´t mel´s answer correct? i would have thought so!

kay henry

Tools,

I am afraid that the open market will mean people will charge rents at whatever they wish, and i am not sure that´s disloyal to other vendors. Think of our units in an apartment block for rents- we set our own price- it is not centrally set. Some vendors would obviously prefer to get less rent for more weeks per year. In fact, rental…[Read more]

Young Investor,

I think the percentage ýou´re referring to is the amount they presume for living expenses. And even if you could produce a stat dec from your parents saying you´d stay with them for a few years, banks and credit providers will only take into account your situation now- they don´t work on projections for the future… they´re more…[Read more]

My finance provider told me when I got my last loan that the whole limit as a debt- because I might have a 5K limit but only have used 2K now.. but I could go out and spend the other 3K before my loan is finalised. Also be careful of getting multiple cards- it will kill your credit rating.

Someone on here once said to reduce your limit on your…[Read more]

Mika- welcome!

It all depends on how much money you have or want to spend. Have a mortgage broker visit you and work out how much you can borrow- then make some decisions.

Neg gearing got a lot of us real capital gains- but don´t expect the same CG as the last few years- the market is much slower. Rental yields are generally less than they were…[Read more]

Elwood, i reckon number one priority is save like a mofo for a deposit!!!! That´s the biggest hurdle.. and i disagree about paying lender´s mortgage insurance- that`s money down the toilet, in my opinion- and it risks you having negative equity as it´s just an add-on with no purposeful investment benefit.

Read everything ýou can and work out wha…[Read more]

Melbear,

Really sorry to flog a dead horse topic here… but will you be able to get your money back- as in a refund- for the 55K you spent on the last course.. would be terrible to have to pay such a large amount back- that would destroy me financially. [8]

Sorry- on euro keyboard and cannot find question mark! []

kay henry