PropertyInvesting.com | new_start | Activity https://www.propertyinvesting.com/members/new_start/activity/ Activity feed for new_start. Mon, 13 Apr 2026 12:25:17 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 558c84e7626ed78a3be1324cf1a54cd3 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/page/2/#post-4612981 Mon, 04 Jan 2010 01:31:13 +0000 Thanks guys. I've taken that location on board and realise it will hold it back but means it is cheaper to begin with.Thanks JacM also for the book link it was good read. Wish I had known this stuff over 10 yrs ago! Oh well better late than never I guess! :-)

]]> b817acb4940f6dd5e7c15cdd48eb438b new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/page/2/#post-4612976 Sun, 03 Jan 2010 12:15:11 +0000 Hi JacM and others and happy new year!!Thanks for the link, I've been MIA on holidays and cooling off extended until 13th January due to Christmas break and have had time to think about it. The main difference I see with the other thread is that this apartment can be purchased and rented out without any need for using metro the serviced apartment…[Read more]

]]> b1f892f754c35c55c2ba1c16e69b4f39 new_start replied to the topic Starting out. What way to go? in the forum How woudl everyone feel https://www.propertyinvesting.com/topic/4397942-starting-out-what-way-to-go/page/2/#post-4612070 Sun, 03 Jan 2010 12:12:11 +0000 How woudl everyone feel about the property being in a serviced apartment block but not having the same restrictions on renting or living in the apartment?My main concern is higher strata to maintain the building more so than a regular block. In this case would you still support the idea of the 1 bdrm apartment?My…[Read more]

]]> fcd81e8d119a77f9921e56642137533b new_start replied to the topic When interest rates hit 8.5% will that start our first home owners sub-prime crash. in the forum General Property https://www.propertyinvesting.com/topic/4398086-when-interest-rates-hit-8-5-will-that-start-our-first-home-owners-sub-prime-crash/#post-4613019 Wed, 16 Dec 2009 08:22:47 +0000 This is a great blog and he predicts a severe crunch due to too much debt?? definitely worth a read and he updates quite frequently. not sure if it will happen but hemakes some damn good arguments… particularly because of the FHOG etc? I think it will hit home owners more than…[Read more]

]]> 3e4bb2bfcf594170c6afd8ce69a10675 new_start replied to the topic October 09 Property Crash Begins in the forum General Property https://www.propertyinvesting.com/topic/4397378-october-09-property-crash-begins/page/2/#post-4609622 Wed, 16 Dec 2009 08:21:45 +0000 This is a great blog and he predicts a severe crunch due to too much debt?? definitely worth a read and he updates quite frequently:http://www.debtdeflation.com/blogs/2009/11/04/its-the-leverage-stupid/

]]> 4b89c36ead887a6ce5344ac02b316b8e new_start replied to the topic When interest rates hit 8.5% will that start our first home owners sub-prime crash. in the forum General Property https://www.propertyinvesting.com/topic/4398086-when-interest-rates-hit-8-5-will-that-start-our-first-home-owners-sub-prime-crash/#post-4613018 Wed, 16 Dec 2009 08:09:20 +0000 devo76 wrote:
I doubt rates will hit 8.5% and if they do they will not be there for long. Look at the blood on the streets last time and our debt levels have not improved. Im thinking around 7%

this article indicates rates to hit 8.5% if anything to go…[Read more]

]]> cce303f04f5ede4e21b4f98a39267dd6 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum p.s. the bank he chose https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/page/2/#post-4612972 Wed, 16 Dec 2009 08:01:40 +0000 p.s. the bank he chose originally was a mistake on his part and he  admitted he knew they normally are quite strict but his contact there had advised this instance woudl be ok but was obviously wrong and apologised. have to wait and see on approval in meantime try and do my calculations. i guess the FHOG and no stamp duty is a slight factor in it…[Read more]

]]> fc36954cc7fb5377a74ac97285f3faf8 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum hey doesn't mattnz make a https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/page/2/#post-4612971 Wed, 16 Dec 2009 07:56:16 +0000 hey doesn't mattnz make a good point? i'm getting a property in an area at a discount and am saving in that regard. I honestly think that the vendor may be underselling himself a little as it was purely an investment property for him previously. I feel i can get better appreciation selling it as a ppurely residential unit in future. I am waiting…[Read more]

]]> dbcc3f304665d359f80d4ea3e25ac862 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/page/2/#post-4612968 Tue, 15 Dec 2009 06:35:13 +0000 thanks all!! I guess its everyone's dream to own a place and i'm just trying to live that dream like every Joe average, but yes your right it doesn't have to be my PPOR as you say. I will have a long hard think over next few days. FYI it's 49 sqm as you mentioned so is on the borderline of the smaller apartments.I have much to dwell on now…. and…[Read more]

]]> d88813d4d69da492b88f1e8a5c8f6f4d new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612966 Tue, 15 Dec 2009 06:28:35 +0000 ok well good point . well I get FHOG and no stamp duty as bonus… I have about $100k to invest so could look at something cheaper in the suburbs instead that will appreciate instead, but would have to live in it for 6 months to get the grant which I probably won't want to do…I'll have wasted about $1.5k on this property with strata checks,…[Read more]

]]> 655fad0c2aa96846148e5e1a6e409806 new_start replied to the topic To fix or not to Fix, that is the question in the forum Help Needed! https://www.propertyinvesting.com/topic/4398075-to-fix-or-not-to-fix-that-is-the-question-2/#post-4612906 Tue, 15 Dec 2009 06:16:32 +0000 One can only guess ofcourse and hope for a time machine but this may help with predictions as of today, that will obviously change as time goes on:http://www.domain.com.au/Public/Article.aspx?id=1260034324287&index=NationalIndex&headline=Home_rates_++39;to_hit_8.5%++39;

]]> 43fea96a372fa3b82a33c4d7ef64f8f0 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612962 Tue, 15 Dec 2009 06:12:36 +0000 it will cost about the same to rent a property like this as it will for repaying a mortgage to own this property, so I won't have any money to reinvest elsewhere if I live there…so I only see 2 logical options:1. rent and do no investing and have nothing after a few yrs2. buy and at least have some profit from a sale or property I can keep or…[Read more]

]]> 2ceb5a3e301e93ec9943cd5a8f4191ac new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612959 Tue, 15 Dec 2009 05:42:37 +0000 does everyone agree small apartments should double every 10 yrs. this is a 1bdrm inner city apartment and I don't know if that rule stands for smaller apartments? 2+ maybe more so? guess that's a whole otehr debate about size of apartmenst to buy. at the end of the day its for  a place to live rather than investment so I think i'm happy with my…[Read more]

]]> c6913eafe3e81542ee58f1543c43eada new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612957 Tue, 15 Dec 2009 02:24:27 +0000 Hi JacM thankyou and very valid point. It is a concern…. But weighing up the investment return I could make close to $20k/yr return based on current rents (excluding strata/rates etc) as an investment and so is always an option in that regard and could honestly see myself keeping this property long terms simply for the location. If a property…[Read more]

]]> 14b301b184f356ce328ecb86e21ed22f new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612955 Tue, 15 Dec 2009 01:05:54 +0000 Thanks George99 (and others!) Yes agreed that's how I have been thinking about it. Strata is expensive as expected for its location and probably a bit more than other places as they keep it better maintained than a normal block for appearance sake for customers of the serviced apartments. I have had a strata check done and it all appears in…[Read more]

]]> 480a1365abc9727ab3444e35088f500c new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612953 Mon, 14 Dec 2009 23:20:23 +0000 I just found out 12 are owner occupied and 30 are in the pool of serviced so probably makes it less likely for conversion. Ideally I would pay someone for advise if required who may be an expert in this area before committing if anyone can help? Thanks.

]]> 37c5f98ec9cc066d557b58f1ab9cc6a7 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612952 Mon, 14 Dec 2009 23:09:44 +0000 Also, could anyone recommend someone who may be experienced with this type of property and offer advice on this specific block and investigate number of owner occupiers etc and chance of conversion?  I am looking to finalise within the week so would like to investigate before I give a 10% deposit. I have given my 0.25% deposit with cooling off…[Read more]

]]> 495a28c8db92ee467b671e766d5ac4d6 new_start replied to the topic Buying serviced apartment to be owner occupier - BORROWING ISSUES! in the forum Help Needed! https://www.propertyinvesting.com/topic/4398079-buying-serviced-apartment-to-be-owner-occupier-borrowing-issues/#post-4612951 Mon, 14 Dec 2009 23:03:33 +0000 Thanks for advice. I totally agree that the capital return is a  worry. I really like this apartment and is perfect for me. I can live in it purely as a tenant and is ideal for me and is one of the first places I have seen in along time looking that "feels right" and is within my price range. Only about 20 of the 42 apartments is apparently…[Read more]

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