Of course I do not believe things go up forever in an economy. There are way too many variables and external influences. I blame this on how people vote. Whenever the Government does something that is not totally favourable, everyone votes for the other guy. It may be a much needed change but the general public respond on an extremely…[Read more]

I don’t consider it insulting each other. I consider it heated debate. I rather enjoy it. I have no problem doing business with anyone who has an opposing view to mine. We would get nowhere if everyone thought the same way.

Regarding my passing interest in seeing the property boom continue, it is non-existent. I really don’t care personally what…[Read more]

Have you ever thought that Saturday morning auctions may be a huge contributor to the problem? In the Eastern Suburbs of Sydney, most auctions are held during the week in the evening.

Are you going to tell us the area where properties are not being bid on at auction?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The idea behind interest only and using offset accounts to park anything above the interest expense is mainly to provide flexibility. The effect will be exactly the same as if you were paying principal and interest including the taxation benefits if you do not spend the money sitting in the offset accounts. You must ensure not to mix up investment…[Read more]

And things become much clearer. Obviously your opinions are biased and your comments are either a conscious or sub-conscious attempt at getting the dollar to come down. That must be the furthest from impartial commentary I have ever seen.

What software do you develop? I may be interested as I do a lot with computers.

Robert Bou-Hamdan
Mortgage…[Read more]

Hey Richard, I did a loan for a mate with a major lender at 3% per annum and they only borrowed $100,000. I think I can get 2.5% if they borrow more. The lender said they were happy to make a loss as long as my mate was happy. They said that they would sort out the shareholders who had to wear the loss so it was not a problem.

Robert…[Read more]

Hey dmichie,

I hope you don’t mind being asked, but what do you do for a living? Are you qualified in economics or work in a related field.

Don’t worry if you don’t because I don’t. I am just interested in knowing your background.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by dmichie:

Quote:
Its certainly affected the investor market, but all of the places I saw today were owner-occupied houses.

So lets base our medium to long-term investment decisions based on 3 failed auctions in an area that has not been identified.

I bet there are other reasons why demand has dropped off at the auctions…[Read more]

The Macquarie Fields comment also reminds me of Campbelltown which has the highest crime rate in Sydney and a huge housing commission population. The property prices in this area went up exponentially in recent years mainly as a result of the M5 tollway being completed.

For every negative feature, there is usually a positive to be found.

Robert…[Read more]

Because nearly everyone else is!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by dmichie:
Hmmm … well I find it fascinating that a mortgage adviser is “getting out of all property investments”. Have you told your clients this, especially the ones borrowing 100% for a 50sqm apartment?

I am also getting out of mortgage broking and my clients know this. I believe you miss the point of mortgage advising /…[Read more]

dmichie, when the ‘bubble’ bursts as you keep advocating, I may consider letting you know of my intended investments. Otherwise, unless you can come up with some real investment options ON YOUR OWN instead of regurgitating other people’s economic commentary and posting numerous links to the same rubbish over and over, your are all on your own…[Read more]

People are generally negative regarding things they do not understand or find ‘difficult’. If you are happy with your due diligence, don’t let the ‘don’t be’s’ put you off.

Just regarding your loan, why are you going with 78% principal and interest? I would recommend 80% interest only regardless of your other structuring. Get your whole portfolio…[Read more]

Originally posted by cashpoor:
Thanks for the replys.
The criteria for excluding suburbs is high crime &/or problem tennents.Example would be riots in Macquire Fields in Sydney.
Thank you for your help.
Regards
Cashpoor

Potentially a great medium to long term investment as current prices drop to below market levels. Crime can be cleaned up very…[Read more]

There is absolutely no problem getting properties financed at high LVRs under 50 sqm. Try using a mortgage adviser and things will be much easier. Even inner city can be done at 100%.

The real problems exist when a property is less than 25 sqm but even these can still be done.

Robert Bou-Hamdan
Mortgage…[Read more]

I didn’t think you could suggest any real ideas to making money in the current economic climate. It seems you guys are more than happy hiding your cash.

As for doing things differently, it sounds to me like both of you are following the flock as the majority is preaching doom and gloom. I am content doing the opposite or implementing strategies…[Read more]

I never received an email Richard. Salubrious has declined to support his claim with any real evidence. However, he has now stated this was a one off single event which I also doubt with rates at current levels.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think you will find that non-recourse loans are only available to the very experienced larger corporations.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I did the same thing recently and could not find a decent Sydney Accountant. I ended up using Mark Unwin who is based in Melbourne and everything was done efficiently, quickly and at a good price. With the internet and email, there is no need to restrict yourself geographically. I have referred a few people to him and they are also happy with the…[Read more]

If I was you, I would get the DA approved and sell the site to a developer with some sort of deal in place where you can take ownership of the units you wanted to keep. You need to walk before you can run and this is too hard for a beginner. Try something smaller, team up with someone experienced or walk away.

Robert Bou-Hamdan
Mortgage…[Read more]