PropertyInvesting.com | simondema | Activity https://www.propertyinvesting.com/members/simondema/activity/ Activity feed for simondema. Mon, 13 Apr 2026 05:25:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1953422cdc751bec4d80fa4ec54c2c81 simondema replied to the topic Units in Campbelltown, NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4996929-units-in-campbelltown-nsw/#post-4997216 Fri, 28 Nov 2014 10:17:18 +0000 Hi all
Thank you for all your replies.
I think I will change my strategy and focus on houses now. Although the unit might be easier to rent in the short term, I think the true value might come with the future capital growth in the property. Besides, I think it will be a nice change to be able to finally buy a house, even if we won’t be living in…[Read more]

]]> 192af8069ad8661c898ca1ae2c9266b9 simondema replied to the topic Units in Campbelltown, NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4996929-units-in-campbelltown-nsw/#post-4996966 Sun, 23 Nov 2014 18:41:22 +0000 Up until yesterday we hadn’t thought of new house, or ANY house for that matter! We thought that because we wanted a rental cashflow that a unit would be better for rental than a house. However, as you always start talking to people when you start these journeys, the general consensus (including this forum) is that for the money, a house seems a…[Read more]

]]> 609a4c2810b6b1ae51a2ba29960ba092 simondema replied to the topic Units in Campbelltown, NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4996929-units-in-campbelltown-nsw/#post-4996937 Sun, 23 Nov 2014 00:10:53 +0000 Thanks for your comments.
Looking on realestate.com most of the houses don’t appear to be less than 450k to 500k. Not sure whether you would be able to re-coup the rental return, especially after you add all the costs of purchasing it.
I guess the unit would suit a couple or professional, and the house a family.

Simon

]]> 009fdab964dde38af6c0756df3a03786 simondema started the topic Units in Campbelltown, NSW in the forum Help Needed! https://www.propertyinvesting.com/topic/4996929-units-in-campbelltown-nsw/ Sat, 22 Nov 2014 20:26:04 +0000 Hi all
My wife and I are looking at purchasing an investment property which can eventually give us some rental money, and at the same time also have some capital growth.
Having done some research, we came up with the Campbelltown area as it appears from all indications, the rental return is hovering around the 5.5% to 6% rental return.
The unit we…[Read more]

]]> 045a9fbf806f0a2b4cfecb2cabd14102 simondema replied to the topic Starting again at 49 in the forum Help Needed! https://www.propertyinvesting.com/topic/4408170-starting-again-at-49/#post-4681696 Sat, 01 Dec 2012 00:48:57 +0000 Hi Gazza
I agree, although all that has been tried before, including mediation. It's all about revenge and not wanting to even give me my share. Lots of negotiations and possible outcomes, but unfortunately blind hate has has taken over both her and her family. For her it's all about money. Sad but true. 
Hopefully she will finally listen to her…[Read more]

]]> 045a9fbf806f0a2b4cfecb2cabd14102 simondema replied to the topic Starting again at 49 in the forum Hi Gazza https://www.propertyinvesting.com/topic/4408170-starting-again-at-49/#post-4681696 Sat, 01 Dec 2012 00:48:57 +0000 Hi Gazza
I agree, although all that has been tried before, including mediation. It's all about revenge and not wanting to even give me my share. Lots of negotiations and possible outcomes, but unfortunately blind hate has has taken over both her and her family. For her it's all about money. Sad but true. 
Hopefully she will finally listen to her…[Read more]

]]> bd16c76a5593d1a6aebd579428f64982 simondema replied to the topic Starting again at 49 in the forum Help Needed! https://www.propertyinvesting.com/topic/4408170-starting-again-at-49/#post-4681694 Fri, 30 Nov 2012 23:28:38 +0000 Hi all
Thanks for all your wonderful comments.
All my life I have tended to make snap decisions without really realising the full consequences of my actions. Sometimes it has worked and sometimes it. Hasn't. This time, I can't afford to be as frivolous with my money again. Therefore, a plan is needed. As the settlement will most probably end up in…[Read more]

]]> d903bec18260ea456a3c909e55a292a0 simondema replied to the topic Starting again at 49 in the forum Help Needed! https://www.propertyinvesting.com/topic/4408170-starting-again-at-49/#post-4681687 Wed, 28 Nov 2012 03:02:50 +0000 Hi Shahin
Thank you for your reply.
You are right when you say that it all depends on the amount I will get.
This is my first time I have ever rented, and frankly I hate the fact I am not putting that money towards my mortgage. Having said that, I understand the premise behind your comment and maybe that is an option I need to look at. As I am a…[Read more]

]]> 5496f881230dae46cd43094da9fcf71d simondema replied to the topic Painters in WA in the forum Help Needed! https://www.propertyinvesting.com/topic/4394147-painters-in-wa/#post-4592489 Wed, 03 Sep 2008 14:02:27 +0000 Thanks Mackar Unfortunately Warnbro is close to Rockingham, so quite far from Joondalup. Thanks anyway for the tip. Cheers Simon

]]> 120210dfd42df992e2238b494aa95478 simondema replied to the topic IP near the cemetery- buy or not buy ? in the forum General Property https://www.propertyinvesting.com/topic/4389227-ip-near-the-cemetery-buy-or-not-buy/#post-4565924 Tue, 10 Apr 2007 20:53:07 +0000 Hi MingI guess it depends on how you feel about it. I live in Clovelly (near Bondi) and a large number of apartment blocks and units overlook the cemetery, which overlooks the ocean. No chance of ever having your views built out!!It appears it does not bother many people, asany units with such views are always sold. I guess if your renters are…[Read more]

]]> 371c7c03f15ba3c883510b98682fc47d simondema replied to the topic Warnbro house in the forum Hi Dee Thank you for your https://www.propertyinvesting.com/topic/4389107-warnbro-house/#post-4565239 Sat, 31 Mar 2007 22:12:58 +0000 Hi DeeThank you for your offer. It would be great if you could.My e-mail is: simond11@aapt.net.auAgain, thank you.CheerSimon

]]> 184172138ebd15d122f382afdb07b5c4 simondema replied to the topic Melbourne suburbs <300k in the forum Help Needed! https://www.propertyinvesting.com/topic/4388819-melbourne-suburbs-300k/#post-4563935 Sun, 11 Mar 2007 22:11:30 +0000 Hi Hayley
Know all about the nasty divorce settlement.
I too have started back into the property market and I am learning fast.
My suggestion if you are up in WA, is to maybe invest in a good buyer agent in Melbourne who knows the area and will hopefully make a sound investment for you.
I currently have one in WA and about to contact another one…[Read more]

]]> 668ef7064216ce70b3b7959b04b5088e simondema replied to the topic Keep the land or sell and pay tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4387340-keep-the-land-or-sell-and-pay-tax/#post-4557095 Tue, 07 Nov 2006 14:19:36 +0000 Yes Richard, true. Not a lot, but I guess I am steering towards trying to reduce our mortgage in Syd. Guess it’s unpalatable to give $10K to the tax office, but then again the saving might be in the long term of the interest we save on our mortgage….

]]> 3efe08ed6cf5c0ab528e67cd82014e1e simondema replied to the topic Keep the land or sell and pay tax in the forum Help Needed! https://www.propertyinvesting.com/topic/4387340-keep-the-land-or-sell-and-pay-tax/#post-4557093 Tue, 07 Nov 2006 13:59:01 +0000 Hi Terry
There is no mortgage on the land. We have paid it off in full. We only owe $45K to my wife’s mother and $10K in agent’s commission. The rest we can dump on the mortgage of the Sydney unit, until we need to pay the tax. I believe though that can be deferred using our accountant. It is not a sure thing that we can sell the land for more…[Read more]

]]> b16b9abebc3026e827e9aa1e2958373f simondema replied to the topic Catch 22 situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4387246-catch-22-situation/#post-4556688 Tue, 07 Nov 2006 12:41:12 +0000 In my very limited experience with property I have learnt that once you sell it is very very hard to buy back in again. I would look at other options before you end up doing a fire sale. Besides if you go to a bank manager asking for a loan and tell them you have $80K as a deposit or three properties, they will probably prefer you had 3…[Read more]

]]> 18a2d35a580155abfed9ec342a8c3c67 simondema replied to the topic Dunsborough land in the forum Help Needed! https://www.propertyinvesting.com/topic/4382082-dunsborough-land-2/#post-4528718 Thu, 08 Sep 2005 11:50:05 +0000 Hi all
Thank you so much with all your ideas. Certainly food for thought. Main reason for selling (though we don’t really want to) is so we can get our debt down on our unit in Clovelly, NSW. Paying quite a bit off our mortgage and we would like to really shave a big chunk off it.
Regarding the GST component, I thought GST was only payable on new…[Read more]

]]> 3e370c8d46dafef9540565af7ee5d4e3 simondema replied to the topic Dunsborough land in the forum Help Needed! https://www.propertyinvesting.com/topic/4382082-dunsborough-land-2/#post-4528712 Wed, 07 Sep 2005 21:18:15 +0000 Hi PK
That’s what we thought. Although the tax benefits would be an incentive if we built, we might do better if we took the money and ran. That way we can put the money towards other properties.
Thanks for the advice.

Simon

]]> f0a9baa6b85c3adcde5ba91efbf48ac4 simondema replied to the topic CONFUSED AND FRUSTRATED in the forum Help Needed! https://www.propertyinvesting.com/topic/4378498-confused-and-frustrated/#post-4505209 Mon, 07 Feb 2005 12:27:11 +0000 Hi there
Monopoly is right. Don’t panic. Doing a bit of homework beforehand will probably prevent you from rushing headlong into impulsive buying. Look at your local area first, as it’s probably the one you are most familiar with. We are based in NSW and have one unit we are currently renting out. We also bought a block of land in Margaret River…[Read more]

]]> 5b73363ff3733353e24c2e56939dfda7 simondema replied to the topic Sydney : Inner west Vs Eastern Suburbs for I.P. in the forum No Subject https://www.propertyinvesting.com/topic/4378467-sydney-inner-west-vs-eastern-suburbs-for-i-p/#post-4505009 Sun, 06 Feb 2005 13:57:13 +0000 Hi Humph
We have a 2 bedroom unit in Clovelly, right near Gordon’s Bay which we have been renting for the past two years. We have been getting about 3% return on rent. Bought the property at the peak of the market and paid $590K and was getting $400 p/wk. Has got ocean views though.
I guess there are a lot of units around Coogee and you need to…[Read more]

]]> 7f78ccbfc9e8c972d8dd98acc08f5d29 simondema replied to the topic Cameron Bird RE in the forum Heads Up! https://www.propertyinvesting.com/topic/4377907-cameron-bird-re/#post-4501628 Fri, 14 Jan 2005 09:04:02 +0000 Thank you for the feedback.
I guess though it does not replace one’s own research.
I might get some info from them.
Thanks
Simon

]]> 6ed76e4ffc54fa317a2686795658c3e4 simondema replied to the topic $60 000 / Realistic goals in the forum Help Needed! https://www.propertyinvesting.com/topic/4377901-60-000-realistic-goals/#post-4501495 Sun, 09 Jan 2005 12:06:29 +0000 Hi Bert
I am still very new at this game, but what I have learnt so far is before I part with my hard earned money, do a lot of research. I have the money to buy some investment properties now, but I just don’t feel confident enough. I am using the internet to look at different areas, e-mailing real estate agent for info and checking out the…[Read more]

]]> b6652dad7b691fb5265276d2e6a0b966 simondema replied to the topic Can't decide if it's good or bad in the forum Help Needed! https://www.propertyinvesting.com/topic/4377889-cant-decide-if-its-good-or-bad/#post-4501454 Sun, 09 Jan 2005 01:25:44 +0000 Hi Cheryl
I too am very new at all this. I have also been looking at +ve cashflow properties on the net and have come to varying conclusions. When I find one that tells you how much it’s tenanted for I always look at it in greater detail. How long have the current tenants been there for, what is their current contract, are they happy there, and if…[Read more]

]]> 62008f6c758e6b994c2141a980bd38df simondema replied to the topic The ING bank in the forum Help Needed! https://www.propertyinvesting.com/topic/4377632-the-ing-bank/#post-4499705 Sat, 08 Jan 2005 12:29:50 +0000 Hi Karl and Rita
My girlfriend and I have our Clovelly mortgage ($520K) with ING and really we would never go through them again. I don’t think they are particularly suited to mortgages, particularly with multiple investments. Their inflexibility with their loans does not allow us to diversify.
On the day of settlement they had made so many…[Read more]

]]> 231da2969e4c7f2f1ccea0f82f53683b simondema replied to the topic Anyone happy with areas in WA? in the forum No Subject https://www.propertyinvesting.com/topic/4377642-anyone-happy-with-areas-in-wa/#post-4499782 Fri, 07 Jan 2005 21:10:21 +0000 Hi Gatsby
My girlfriend and I have just purchased a 394sqm block of land in the Dunsborough Lakes estate on which we will be building a 4 bedroom house in the next couple of months. We believe this area is going to go ahead, though not as fast as other states such as NSW or Victoria. That’s ok, as we love going down there on holidays. We are very…[Read more]

]]> ef3f3ccd8fde331862416b4e89319eec simondema replied to the topic Dunsborough land in the forum Help Needed! https://www.propertyinvesting.com/topic/4377411-dunsborough-land/#post-4498112 Wed, 15 Dec 2004 04:19:29 +0000 Hi
No ocean views. It is part of the Dunsborough Lakes Estate, and it’s built around a golf course. Our lot is overlooking no.8 hole (whatever that means) and therefore no other dwelling can be built in front. We have views right out to the mountains. I agree…it is only 390sq mts and a small block, but I guess hence the price.
Having read all…[Read more]

]]> 49adb8a81681d82d7f9eb2d655970fd7 simondema replied to the topic Dunsborough land in the forum No Subject https://www.propertyinvesting.com/topic/4377411-dunsborough-land/#post-4498110 Tue, 14 Dec 2004 21:09:10 +0000 Hi all
The land was bought back in Feb. 2004 and they are continuing the subdivision at the moment. I feel Dunsborough will continually gain in value, though for rental it will still yield about 4.5% to 5%. It may turn out to be very good for capital growth as that area of the Margaret River is becoming increasingly popular.
Our long term goal is…[Read more]

]]>