Forum Replies Created

Viewing 20 posts - 81 through 100 (of 294 total)
1 2 3 4 5 6 7 8 9 … 15
  • Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 16, 2007 - 11:47 am

    sorry, I just realised the report format is not great in my post.
    Elwood units have grown at 10.3% over the last 10 years.

    And here is the link to the domain.com.au report
    http://www.domain.com.au/public/suburbprofile.aspx?searchTerm=elwood&mode=research#mapanchor
    Hope this helps

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 16, 2007 - 11:44 am

    Hi Hal,
    Elwood seems to be showing steady growth.
    Here is some data from a free report from domain.com.au
    You may want to buy a suburb report from rpdata.com.au or residex.com.au

    12 months to October 2007
    HOUSESUNITS
    ElwoodRegionElwoodRegion
    Median Prices$760,000$671,000$395,000$370,000
    Long Term Trend10.2%9.8%10.3%8.4%
    Auction clearance rates77%81%74%79%
    Days on Market586583103
    Discounting8%6%5%5%
    SNR = Statistically Not Reliable.
    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 16, 2007 - 10:52 am

    Hi Daniko,
    It is extremely hard to get an agent/landlord to agree to sub-letting. I tried to do something similar and applied for numerous properties but there was no joy. I had to give up. But that's not to say its not possible. Try advertising in the local newspaper or put a ad in the local noticeboards. As Xenia said, be upfront about sub-letting because you do not want to be in any trouble later on.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 16, 2007 - 9:55 am

    Look for 'ugly duckling' close to the suburbs that have grown by 20%. Usually there is a ripple effect and these 'ugly ducklings' grow pretty fast as well.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 15, 2007 - 10:06 am

    You will struggle to find CF+ in main cities but they are still there in regional towns. You may need to look at some mining towns as well.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 14, 2007 - 12:46 pm

    As a condition of purchase, I would include a clause for the vendor to get the approval at their expense.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 14, 2007 - 7:29 am

    Thanks Terry,
    This is pretty useful information.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 14, 2007 - 7:26 am

    You can try free suburb profile from http://www.domain.com.au or http://www.homepriceguide.com.au
    You can also buy reports from http://www.rpdata.com.au or http://www.residex.com.au
    The last few pages of Australian Property Investor magazine has information on median prices, etc.
    Hope this helps

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 13, 2007 - 12:47 am

    He definately needs some help.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 13, 2007 - 12:47 am

    He definately needs some help.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 12, 2007 - 11:10 am

    Hi Hal,
    It depends on how far is 'further out'. Cheltanham is a good suburb and a townhouse there should do well.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 11, 2007 - 1:11 pm

    You may want to consider buying a property off the plan (preferably with a 12+ month settlement). This should not require a significant deposit upfront and if you buy right (in an uptrending market), you may not have to put any more of your money because the bank will lend against the end value (and not the contract price because your contract is >12 months). As an example. you buy a OTP property for $200k (with 5% deposit or deposit bond). Lets say the property increases by 10% in value over the next 12 months. The bank will lend $198k (90% against $220k) and your purchase price is $200k. You need to put only $2k.
    Hope this helps.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 10, 2007 - 12:45 pm

    I am not sure if investments in car park is the best thing to do especially with cash. I think the return is around 6-7% nett. You can get that kind of a return with a term deposit. Also, I believe the capital growth on car parks is lower.If you decide to borrow to buy, the LVR is usually low (65-70%, I believe). Because they are managed by companies like Kings Parking, Wilson Parking, etc, there is nothing you can do to add value. You have to wait for the market to move to get any appreciation.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 10, 2007 - 12:32 pm

    Try Nancy Keep from Nancy Keep & Associates (http://www.nancykeep.com.au, 03 9544 9577). I have been using her services for over 6 years and she is great. She is a keen property investor herself and she can suggest some "out of the box" investments that can minimise your tax bill significantly.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 10, 2007 - 12:22 pm

    It could be the next Ugly Duckling.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 9, 2007 - 1:41 pm

    Hi Pete,
    An interest only loan does not stop you from making extra repayments towards the principal.
    Lets say you have a $300k loan on your $350 property and the property price doubles in 10 years. Assuming you make interest only repayments for 10 years (without increasing your loan amount), the loan amount at the end of 10 years will still be $300k but the property value will be $700k. The LVR will drop down to ~42%. This means you own 58% of the value of the property. Take yourself into the future another 10 years, property value = $1,400k and the loan is still $300k. New LVR is ~21% and you own 79% of the value of the property. So the question is, what do you mean by actually owning a piece of property?

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 8, 2007 - 1:29 pm

    Hi Boy in Blue,
    I believe the contract dates are used for calculating CGT.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 8, 2007 - 10:08 am

    I have heard some positive things about Forest Lake and surrounding areas. What do people know/think about it?

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 7, 2007 - 9:22 am

    Hi Scottybe,
    It depends on how you use the money. If you use it for a non-income generating purchase (e.g. the car you mentioned), you cannot claim the extra interest as a deduction. However, if you use the money to put as a deposit on another investment property or share portfolio, you can claim the interest as a deduction.
    Hope this helps.

    Profile photo of propertypowerpropertypower
    Member
    @propertypower
    Join Date: 2006
    Post Count: 312
    October 6, 2007 - 12:16 am

    Hi Andy,
    I agree, its not easy to find a positive cash flow property easily these days but they are still out there. I own a +CF and am in the process of buying another one. I have to admit you have to go regional to find these properties and advise you to do thorough due diligence before buying them. You need to solve problems to create that extra cashflow or capital growth (Problem + Solution = Profit). You may also want to consider duplex/block of units. Generally they provide better cash flow.
    Hope this helps and good luck with property hunting.

Viewing 20 posts - 81 through 100 (of 294 total)
1 2 3 4 5 6 7 8 9 … 15