[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 2, 2010 - 12:04 pm

if you read steves book, you will find that trusts are explored in detail, they are safer as the bank wont be able to touch you if something goes wrong, and also you will save money in the long run because once you sell the properties you can decide who in your family gets the fund.  You do this based on their tax bracket.

i personally have not used trusts and wont be, i feel the purchases i have made are safe and my income is sufficient for multiple interest rate changes and market movements (unless the rental market turns upside down then i am screwed!)

i think you will need to assess your risk profile and how much risk you are comfortable with

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 2, 2010 - 8:13 am

why dont pay for it yourself and claim back the tax at the end of the year?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 1, 2010 - 11:34 am

why dont you look in the regional space, you can get a good positive cash flow property or neutral and it wont affect your lifestyle.  with your salary you dont want to put too much pressure on yourself, what if interest goes up by 1% in the next 12month, how will that affect you?

not always the best option to look at expensive properties

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 1, 2010 - 10:39 am

street name?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 1, 2010 - 7:20 am

sorry table above didnt come out:

4.5% is yield
Median Price $555k
(Aug 2009) 12 Month -13%
Growth 24 Month 5%
Growth 36 Month 26%

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

March 1, 2010 - 7:18 am

Hi Dylan, a few things i would consider:

History

Suburb (click for profile)

Postcode

State

Property Type

Rental Yield

Median Price (Aug 2009)

12 Month Growth

24 Month Growth

36 Month Growth

Suburb Profile

Where is it?

What's for sale?

Newcastle <!– Newcastle –>

2300

NSW

House

4.5%

$555,000

-13%

5%

26%

Have a look at sqm research for a guide on vacancy rates:
http://www.sqmresearch.com.au/graphs/graph_vacancy.php?postcode=newcastle&t=1 

Also have a look at street sales history, you can get this from:
http://www.oldlistings.com.au/real-estate/NSW/Newcastle/2300/buy/

there are more tools on my blog below, it does sounds like a pretty good offer, which is why i guess you are questioning it.  if you can give more info about the place ill see what i can find.  One of my friends recently purchased a 3bed apartment next to the beach, advertised for $750k he offered $670k and they took it straight away, now he is wondering the same thing you are

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 23, 2010 - 9:30 pm

also if you are looking for good yield worth looking at lakemba, you can still get units for around the 250k mark with a pretty good return.  i read somewhere that the liverpool area is forecasted to grow by somthing like 90% in the next 15 years…could have been from the council website

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 20, 2010 - 3:04 am

very tight budget, i know the cheapest houses and units in sydney are currently in cabramatta and i know its far from one of the best suburbs but surely it has to grow doesnt it

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 18, 2010 - 10:23 am

thanks mike again another quick reply!

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 15, 2010 - 2:01 am

Manita, thats definately the job of the landlord, you should not have to pay for something like that

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 14, 2010 - 4:06 am

i think more research is definately required.  i did find esuperfund.com.au who do a free set up with an annual fee of $600, so i guess that is a pretty decent deal.

i would be looking at buying a house or unit in orange nsw and would have around $50k in total super between two people, probably looking at a place which would cost under $150k and potentially if i went with the unit option id be looking at around the 80k mark.  the property currently gets a rent of $140pw so on the surface i cant why i shouldnt go with it, but thats why i need a little more research.  do you think the bank would lend on somehting like that?  and in the above scenario would it be worth going for it?

ben i know you are talking about a 5k setup fee, but what do you offer in addition to a business such as esuperfund?

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 13, 2010 - 4:06 am

id be looking at buying in regional for around the 80k mark with a decent return, so ill read up on it a bit and might send you an email next week

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 12, 2010 - 6:08 am

hi ceffo use the website on my signature or there is a thread of mike who supplies free reside reports for properties

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 11, 2010 - 9:20 pm

just as an example have a look at moranbah, mining town in qld.  you can get a property for under 300k and get a return of around $590…thats a pretty good positive return in my books…..so they do exist

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 11, 2010 - 8:01 am

had a read, seems like you need to have a good amount in there before you can think about investing….30k wont cut it

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 8, 2010 - 11:23 pm

just got it from mike, thanks guys

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 8, 2010 - 2:18 am

i would be interested in the answer as well

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 8, 2010 - 12:43 am

thank you mike for your quick reply, the reports are fantastic and your free service even better!!!

cheers

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 6, 2010 - 7:50 am

hi mark, are the reports still only limited to victoria and sa?  can you do nsw?
cheers

[sam2011Member@sam2011Join Date: 2010Post Count: 123]

February 4, 2010 - 3:14 am

can you maybe post it up for us?