The longer the settlement, the longer the time before I have to pay for the property and the more chance of the property increasing in value before I settle. This is more important with regards to negatively geared properties.
I think the majority of stuff you are talking about are the old prostitute hotel style accommodation. They definately do no go up in value. You only need to step on one dirty needle and it is all over!
I am not looking at direct property investments at the current time.
Regarding being a ‘strong’ negotiator, I think a ‘stubborn’ one would me more descriptive. I value a property that I am interested in through my own means and then firstly offer 10% less than this and move up very slowly. I will only go to my valuation amount if I obtain a long…[Read more]
Go take a look and ask any additional questions you may have after that.
Just so you know, a lot of the benefits may be gone before you become eligible as you are not yet 18. They may even be better. No-one really knows what the Federal or State Governments intend to do…[Read more]
If you read that ‘fact’ in API, it was an error. There has never been a requirement to live in the property for one year.
Previously, you had to move into the property within one year. There was no time restriction attached to this so people were moving in for one day and then renting out…[Read more]
The alternative thought to that is when people see 550, they will not pay more. I am one such person. I will endeavour to pay less than any stated price.
Some simple loan structuring might help reduce the debt levels a lot. For example, put all your cash together into one offset account attached to your home loan. Include any work and rental income and set direct debits for interest only on all loans. Your interest expense will decrease quickly with your income levels.
I don’t go to the trop. Can never get a seat outside and it is always too packed.
Don, I think you are dreaming if you think you could get studios in Potts Point for 60k or even in the 40’s back in the late 90’s. You would be lucky to get a serviced apartment or hotel refurb. for under 100k. I would like to hear from anyone who actually did this…[Read more]
Ausprop, the news report I heard said they were moving all their offices there giving the nikkel operations as a good reason for doing so. Should have known those reporters got it wrong again!