Yeh but you see i buy my next one on a 3% yield. IM done borrowing capacity done. I enjoy always looking for the next one

Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

Yes but stamp duty is much less, land tax is much lower – means much higher roe. Also 7% yield means I wont get cappeD on serviceability and can keep Buying. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property or suggest an area let me know – not looking for some holiday let or…[Read more]

Yes but stamp duty is much less, land tax is much lower, yield means dont get cappeD on serviceability. I want to turn this into a full time job. 2m properties will have 2-3% yields if u can find me a 7% yielding 2m property let me know

In my experience in aus you are capped on personal income for conventional lending  as resi yields are low and banks stress at very high rates. In uk, you can be on a very low perdonal income as long as its £25k (thats from property distributions mind you also) and as long as property services 1.25x of the interest that is all they test. I Wond…[Read more]

In aus you are capped on personal income for conventional lending of conventional lending as yields are low and banks stress at very high rates. In uk, you can be on a very low property and as long as property services 1.25x of the interest that is all they test. I Wonder if historic low rates have changed the game and wil make it easier for t…[Read more]

Interested pm sent

Bayside area

Yes they may have their mortgage in place but its always subject to valuation and lender discretion.

Just because a bank has given you an agreement in principle doesnt mean they can’t back out.

What is the risk if I buy a non habitable property at auction (with agreement in principle) that the lender may reject if say the kitchen is not…[Read more]

So did you buy anything steve?

In other countries, cash buyers buy at big discounts as it knocks the retail market and is a bridge to a more liquid sale

clearly states is not sold by an agent or auctioneer but the sherif.

Also states the property can’t be inspected prior and no s32 vendor statement.

Straight from the victorian government webpage:

Who conducts a Sheriff’s auction?
A Sheriff’s auction is conducted by a Sheriff’s officer, not a real estate agent or auctioneer.

Sheriff’s auctions of real estate differ from usual auctions conducted by real estate agents/licensed auctioneers.

A property can not be inspected prior to auction…[Read more]