PropertyInvesting.com | SoundOfGold | Activity https://www.propertyinvesting.com/members/soundofgold/activity/ Activity feed for SoundOfGold. Mon, 13 Apr 2026 05:43:41 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 054a703c98beb66edd3a6f4a62d06304 SoundOfGold replied to the topic If cash was the king where'd you put it? in the forum Opinionated! https://www.propertyinvesting.com/topic/4389315-if-cash-was-the-king-whered-you-put-it/#post-4566371 Thu, 26 Apr 2007 13:18:24 +0000 Hi L.A. Aussie,Yup newcomers get often alured by some unscupulous finance institutions offering 100-110% finance. Its not that hard to take talk someone into these kind of loans especially when the times are good and media/tv/everyone trumpet around how every propety is increases in value by tens of thousands. Sometimes I think this should be…[Read more]

]]> 4bce5f48661c8351786b35a9ba4ba488 SoundOfGold replied to the topic If cash was the king where'd you put it? in the forum Opinionated! https://www.propertyinvesting.com/topic/4389315-if-cash-was-the-king-whered-you-put-it/#post-4566369 Wed, 25 Apr 2007 13:12:57 +0000 Hi Marc,true the 4% time range is soon running out. Personally I am not a big fan of 100% leverage at the best of times and so even less in current interest rates environment. I prefer saving for a while and come back in with a comfortable 25-30% deposit cushion. One should not forget that leverage really is a double edged sword. I will therefore…[Read more]

]]> 1af0a5d88affce9dcef02691237d7916 SoundOfGold replied to the topic If cash was the king where'd you put it? in the forum Opinionated! https://www.propertyinvesting.com/topic/4389315-if-cash-was-the-king-whered-you-put-it/#post-4566367 Tue, 24 Apr 2007 13:20:01 +0000 L.A. Aussie,Even though quite a bit OT, I think we are pretty much on the same page here.to b) it obviously goes case by case which is everyone must do a thorough research before purchasing :) I understand the past Sept 1987 argument I only tried to say that (all things equal) the necessary high depreciation amount is easier achievable with newer…[Read more]

]]> 00b888710534753d612a44c25127c25e SoundOfGold replied to the topic comparing apples with apples in the forum Help Needed! https://www.propertyinvesting.com/topic/4389362-comparing-apples-with-apples/#post-4566637 Tue, 24 Apr 2007 04:17:15 +0000 I think you are trying to cover lot of ground at once. Maybe try to understand each step by step in little pieces. Ie. If you want to know what is you casflow situation if you invest in property make a little spread sheet with IN on one side and OUT on the other. Start with 1 year sums and dont go crazy with too much variables for starters. For…[Read more]

]]> 6570934fdec24f9fb71c29a537936ada SoundOfGold replied to the topic Starting from nothing and making something in the forum General Property https://www.propertyinvesting.com/topic/4389377-starting-from-nothing-and-making-something/#post-4566708 Tue, 24 Apr 2007 03:59:05 +0000 Hi debden,if you havent done so already than consider reading Steve McKnight's first book (you could find it a little obsolete in todays environment but as far as I remember it does describe Steve beginings from scratch) or some of the Peter Spann's books (I think From 0 to 10 million property portfolio in 10 years is his take on Rich Dad / Poor…[Read more]

]]> 57cf67fc08741437c6dc2e58114e6a83 SoundOfGold replied to the topic Beginner Property Investing in the forum Any newcomer to the property https://www.propertyinvesting.com/topic/4388390-beginner-property-investing/#post-4561980 Tue, 24 Apr 2007 03:45:58 +0000 Any newcomer to the property game should also understand the lingo thrown around without much of the explanation. Eg. negative gearing, positive gearing, positive casflow. So if are not yet fully familiar with these you will do yourself a huge favour doing some reading and grasping the basic differences. I am not going into lengthy explanations…[Read more]

]]> c8a13da9dda1bcc09c7572de7a898770 SoundOfGold replied to the topic If cash was the king where'd you put it? in the forum Opinionated! https://www.propertyinvesting.com/topic/4389315-if-cash-was-the-king-whered-you-put-it/#post-4566365 Sun, 22 Apr 2007 02:39:18 +0000 Marc: It may have not stand out from my previous post clearly enough but yes I am parking my available cash temporarily (max upto 1 year depending on other factors) as it is not enough to pay down, in my opinion a comfortable deposit on any new IP.And I also tend to agree with you as to paying the debts (assuming they have higher interest rate…[Read more]

]]> c653248693f311154321d1b8f443cb0b SoundOfGold replied to the topic What's rich?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4388823-whats-rich/page/2/#post-4563974 Tue, 17 Apr 2007 08:10:11 +0000 What's rich?I think its pretty hard to define in a definite number as the goalposts are constantly moving (inflation, interest rates etc.). IMHO the answer therefore would need to be somehow more philosophical on the lines which others here have already suggested ie. Being free to do whatever I want whenever I feel like it without even thinking…[Read more]

]]> bf733f595384fa4f2db187323ec824ad SoundOfGold replied to the topic Just Starting!! HELP in the forum Help Needed! https://www.propertyinvesting.com/topic/4389229-just-starting-help/#post-4565940 Wed, 11 Apr 2007 08:18:32 +0000 Damian,Saving is good you cant go wrong with that :). Since you plan to purchase next year I would perhaps leave the actual market research for some time later and suggest you start learning  about the ins and out of making a deal. For example what are the steps (getting finance, researching properties, making offer, talking to solicitor etc) and…[Read more]

]]> 69d350b0e6dadb158b9a0e80f175671c SoundOfGold replied to the topic Overseas bird dogs in the forum Overseas Deals https://www.propertyinvesting.com/topic/4389215-overseas-bird-dogs/#post-4565842 Wed, 11 Apr 2007 08:04:29 +0000 Hi Kate, Whereabouts in Asia? I am currently in Thailand long term (negotiating my first IP deal here right now :) so maybe I could lend a hand over here.CheersDan

]]> 6631e7e1df79042f8049287b65c93484 SoundOfGold replied to the topic Determining the market cycle? in the forum Creative Investing https://www.propertyinvesting.com/topic/4381839-determining-the-market-cycle/page/2/#post-4527302 Wed, 11 Apr 2007 07:56:21 +0000 Cant see any more newer threads regarding the property cycle, but IMHO we are in the new cycle for about a while now what do you think. I got my all thought about it in my article Another Australian property cycle in full swing.Cheers Dan

]]> 89257a3b92f2222cfa239c5ccff22691 SoundOfGold replied to the topic property cycle in the forum Help Needed! https://www.propertyinvesting.com/topic/4377759-property-cycle-2/#post-4500643 Wed, 11 Apr 2007 07:42:04 +0000 Well I would think that the new property cycle in Australia is well and truly on the way. Some facts about it Another Australian property cycle in full swingCheers Dan

]]> fca2f74590f1d4ca3d79c0496f518158 SoundOfGold replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/14/#post-4548702 Thu, 11 Jan 2007 07:52:51 +0000 I am not sure about market crash but i put together some statistical data from CBA on my website http://sog.shopinthemall.com/2007/01/04/australian-real-estate-investment-opportunities-in-2007/
and it still seems that 2006 was not that bad year after all.

Of course looking into 2007 some price drop should be expected IMHO as interests are high…[Read more]

]]> 07bba1bbdfb68a7a32a8fb65be3051f3 SoundOfGold replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/14/#post-4548701 Thu, 11 Jan 2007 07:45:28 +0000 I am not sure about market crash but i put together some statistical data from CBA on my website http://sog.shopinthemall.com/2007/01/04/australian-real-estate-investment-opportunities-in-2007/
and it still seems that 2006 was not that bad year after all.

Of course looking into 2007 some price drop should be expected IMHO as interests are high…[Read more]

]]> 5a7d55bd2811e368f1071004a3268cdc SoundOfGold replied to the topic Rental Vacancy Rates in the forum General Property https://www.propertyinvesting.com/topic/4387960-rental-vacancy-rates-2/#post-4560107 Thu, 11 Jan 2007 06:49:35 +0000 Yes I agree its always an uphill battle to find something about vacancy rates or any kind of sales data etc. Especially if you dont want to use the paid services.

I put together a short atricle about the vacancy rates on my website here http://sog.shopinthemall.com/2007/01/10/australian-vacancy-rates-low-rental-yields-to-increase/
and don’t want…[Read more]

]]> 9cfc41743f13bdebc58657a12937b752 SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527520 Sat, 24 Sep 2005 09:59:41 +0000 Originally posted by Mobile Mortgage:
Hi Dan,
The offset is a good idea, ANZ will waive there $10 per month offset fee under there break free package however, based on your level of borrowing I think paying $295 per annum in fees for an offset and a discount rate of 6.72% is a bit rich,

An alternative may be the St George pro pack @ 6.62% with an…[Read more]

]]> 8f54b5cb328128d0be275831b6bb1255 SoundOfGold replied to the topic What type of vehicle do you have ?? in the forum Opinionated! https://www.propertyinvesting.com/topic/4381491-what-type-of-vehicle-do-you-have/page/6/#post-4524748 Sat, 24 Sep 2005 08:50:18 +0000 I am driving around 2002 Holden Barina we bought this January. Great little car for the city, very economical at the pump.

On the flipside it can get really uncomfy on longer runs and makes me perhaps look like a “girly man” [cap]

]]> 21611065a921715093bcbb7bb0cb18c6 SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527518 Fri, 23 Sep 2005 12:00:55 +0000 Terryw thanks for your replies.

Um…..well the first one got me puzzled but the second one put it all back into prospective.

Cheers

Dan

]]> 4b0b79396e006a9801db92a6009a81bb SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527516 Fri, 23 Sep 2005 07:50:50 +0000 Hi grossrealisation,

well at this stage there is not much structure to it as I only have 1 IP so far (as per previous posts) financed by ANZ’s “Money saver” product (.6% of standard variable, interest inly with redraw, no offset).

To my disappointment, I only recently learnt that redraw will not exactly work the same way the offset account does…[Read more]

]]> 88c294ced0bc10b051d94708e0c35563 SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527515 Fri, 23 Sep 2005 07:30:11 +0000 Ok so I got off my lazy backside and instead of asking you guys here for everything (thanks for patience btw[cap]) I spoke to ANZ mortgage folks who were very helpful and provided following info:

Two types of revaluations:
a) kebside – based on the values of similar properties in the area; less expensive
b) full – evaluator will make full…[Read more]

]]> d13c61761354ca53b70327e3fab68f15 SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527513 Fri, 23 Sep 2005 06:24:45 +0000 Ok than but how is it with having new valuation done on my first IP? How long does it normally take and cost?

Also my mortgage broker didnt really seem that keen on getting my first IP revalued as apparently bank (ANZ) may be bit difficult on properties held shorter than 12 months. Is that really so?

]]> dd8a83277848c44009951d7adfd1e826 SoundOfGold replied to the topic Best Home Loan Available? in the forum Finance https://www.propertyinvesting.com/topic/4381833-best-home-loan-available/#post-4527193 Thu, 25 Aug 2005 23:08:37 +0000 Hi Kim,

I may be just paranoid here, but everytime I hear something like honeymoon rates, gold credit cards, frequent flyer points etc from any finance company I either go “NO” right away or (if I feel like it) take my time and do the maths carefuly at home myself.

Just my 2cents.

Dan

]]> 9932217eb9e32c6b11ac9c1e90d3ddb0 SoundOfGold replied to the topic Beginner structuring finance in the forum Finance https://www.propertyinvesting.com/topic/4381874-beginner-structuring-finance/#post-4527510 Thu, 25 Aug 2005 22:51:05 +0000 Now re-reading it after myself both options seems ultimatelly almost identical in their outcomes so maybe I just make too much fuss for nothing.

Pls let me know anyways.

]]> bed810635310f3850df1251e644b7561 SoundOfGold replied to the topic Experience with Defence Housing Authority? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378120-experience-with-defence-housing-authority/#post-4502968 Tue, 25 Jan 2005 01:58:13 +0000 Thanks to you all for the effort. After lenghty consideration I decided against buying this DHA managed property. Main reason being the return on this property, which, even though being slightly higher than comparables next door, did not entirely reflected risks/drawbacks of having DHA involved. Well in my opinion anyway.[blush2]

And so I bought…[Read more]

]]> 2303e092cf16566eb79021f242914503 SoundOfGold replied to the topic Settling process (on my first IP) in the forum Help Needed! https://www.propertyinvesting.com/topic/4378174-settling-process-on-my-first-ip/#post-4503293 Fri, 21 Jan 2005 13:07:10 +0000 Hi all,

After some consideration I actually achieved some improvement on the price in my favour;) so I was maybe going bit easier on those settlement conditions.

In the meantime I did have the contract checked by both my conveyancing and mortgage guys neither of them found any problems there.

Also, as commonly expected, I did get my way of for…[Read more]

]]> 92b5da02e8b11b52d90f28738ee9f6b4 SoundOfGold replied to the topic Experience with Defence Housing Authority? in the forum Help Needed! https://www.propertyinvesting.com/topic/4378120-experience-with-defence-housing-authority/#post-4502962 Tue, 18 Jan 2005 09:25:22 +0000 Yeah spot on guys.

Firstly the “hassle free” part of the deal is really attractive especially for an investor deciding to hold the property forever. What I was not sure about was if I as a rightful owner of the property have any say there at all eg. wanting to sell the property eventualy or want it to become “regular” rental property with…[Read more]

]]> 01b6a59175bdf49feb75b1292ed4c4db SoundOfGold replied to the topic Who does the inspections? in the forum Help Needed! https://www.propertyinvesting.com/topic/4377877-who-does-the-inspections/#post-4501404 Sun, 09 Jan 2005 23:18:03 +0000 Thanks guys.

Yeah I will certainly ask the conveyancer to recommend me somebody. I havent mentioned thought that the potential IP is in Darwin – pretty far from where I live (Sydney) and therefore I need some time to find sound conveyancer as well as the inspection folks. But that should be a problem not that hard to solve.

Cheers for your tips.

Dan

]]> ebf4415a9ba49a6b2f22e9cea8cfd10c SoundOfGold replied to the topic Missing some basic knowledge in the forum No Subject https://www.propertyinvesting.com/topic/4376506-missing-some-basic-knowledge/#post-4493087 Fri, 15 Oct 2004 07:00:24 +0000 Appreciate your help guys.

I see that the depraciation regulations are very precise so this time I will better write it down into my notes this time (as opposed to once again rely on my memory and than ending up repeatedly asking same question).

alwayscurious: appreciate your words of encouragement, God knows i need it. I did read few Jan…[Read more]

]]> 79c514a51ab19b1f8a123541e316bfb4 SoundOfGold replied to the topic First home buyer getting finance in the forum No Subject https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/page/2/#post-4485222 Sat, 07 Aug 2004 13:28:40 +0000 What areas? Well not decided yet. I would love to stay around lower nth shore where I currently live but I dont think I will be able afford anything here. I will make the decision once I get the exact figure on my preapproval.

]]> 61ab0637f976ba80546b47b838481db0 SoundOfGold replied to the topic First home buyer getting finance in the forum No Subject https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/#post-4485214 Wed, 04 Aug 2004 05:15:17 +0000 Thanks a lot guys, LMI is now much clearer to me.

Yeah I noticed that there is also the “other” stamp duty. This one would not happen to be somehow refundable or vawed for first home buyer would it?
I am pretty sure my broker mentioned that there was a part of the mortgage fees which should be refundable to me on the settlement of the purchase.…[Read more]

]]> 9d9eab47a9553c7fb8e8d944d33946cf SoundOfGold replied to the topic Book launch... and you're invited! in the forum General Property https://www.propertyinvesting.com/topic/4375304-book-launch-and-youre-invited/#post-4485259 Tue, 03 Aug 2004 22:57:52 +0000 Congrats Steve, I am looking forward to reading it.

Not sure if this has been already mentioned somewhere else, but could you give us a taste of what is the new book about?
Obviously I would expect some more easily readable +ve cashflow information together with humorous stories of their practical implications. Is that right? I am just wondering…[Read more]

]]> 3efa91480977c582ecb03f1e498167a0 SoundOfGold replied to the topic First home buyer getting finance in the forum No Subject https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/#post-4485210 Tue, 03 Aug 2004 22:35:31 +0000 MortgageHunter: I am afraid I dont follow here. I thought LMI will be one of the first costs I will need to pay out of my pocket and its pretty much “wasted” money if you know what I mean. I thought LMI is a necessary burden I need to take not having 20% deposit. What am I missing?

My apologies if I wast your time over this, I should perhaps do…[Read more]

]]> 23d87276913f20df69998de9434a694d SoundOfGold replied to the topic First home buyer getting finance in the forum No Subject https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/#post-4485208 Tue, 03 Aug 2004 21:58:30 +0000 Chris: thx for help appreciate that mate.

As to my progress – After rather lengthy discussions I decided to go with ANZ Breakfree package (one of those suggested by my broker). I dont mean to advertise here or anything so basicaly I decided for it, because of its professional package discount rate at which they still offer all the bells and…[Read more]

]]> 1dc201a6a85d27abfb4b8000717da25f SoundOfGold replied to the topic First home buyer getting finance in the forum Help Needed! https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/#post-4485206 Tue, 03 Aug 2004 00:18:08 +0000 As far as my plan with the property goes: Hold it, live in it, try to pay as much of the mortgage as I can and then perhaps in 2-3yrs time rent it out. I am somehow hoping that by that time the rent will cover at leat the mortgage interest interest entirely.

If that works i will then try to use the equite there to invest into first PI. Bit slow I…[Read more]

]]> 1e410adcf91973faed8d4f3ddb25e064 SoundOfGold replied to the topic First home buyer getting finance in the forum No Subject https://www.propertyinvesting.com/topic/4375301-first-home-buyer-getting-finance/#post-4485205 Tue, 03 Aug 2004 00:07:57 +0000 Chris: I did not realize that I can change the type of the loan as I go. I imagine it will probably cost me something but thanks for pointing that out. As to the broker recomendations – I read here somewhere that broker should be getting same provision fm the bank regardless what he/she is recomending me is that right? You see I am just very…[Read more]

]]> df9aa7f4795113334f71412a7d5db7ab SoundOfGold replied to the topic Property accountat in the forum Help Needed! https://www.propertyinvesting.com/topic/4372679-property-accountat/#post-4466371 Wed, 07 Apr 2004 11:19:51 +0000 Thanks a lot – will give him a call.

]]> f2153b5ac6ab772d9c691f1a2b8f35d8 SoundOfGold replied to the topic Credit cards and investing in the forum Finance https://www.propertyinvesting.com/topic/4371105-credit-cards-and-investing/#post-4453499 Mon, 16 Feb 2004 12:39:19 +0000 teabagted:
Yes I got your point but to:
“Leave it alone and find something that will give you a bigger reward for your time.”

is easier to said (written) than done at leat from my financial prospectibe I am afraid.

Either way you guys have made me think again about all this and thank you for that. I will be careful with it I promise[;)]

D.

]]> 0480d7754c88537aab056b0b21286fbf SoundOfGold replied to the topic Credit cards and investing in the forum Finance https://www.propertyinvesting.com/topic/4371105-credit-cards-and-investing/#post-4453494 Sun, 08 Feb 2004 05:49:36 +0000 sis

I am also certainly planning to just do that[:D]

But wouldn’t mind to squeeze some extra $$ on my way to beautiful free flights.

Ta

]]> ba2f72e921b26cba6585283ceff600d4 SoundOfGold replied to the topic Credit cards and investing in the forum Finance https://www.propertyinvesting.com/topic/4371105-credit-cards-and-investing/#post-4453492 Sun, 08 Feb 2004 05:25:19 +0000 OK..you see its my first credit card so I am perhaps too excited about it. I always thought that doing it as a Cash Advance was not the way to go.
I called the credit card company, who suggested that money fm credit account can be directly debeted by my another financial institution but
a) the other financial institution will be the one providing…[Read more]

]]> 8f084a9a1d67d70781d4f73b931c17e5 SoundOfGold replied to the topic What about investing in european property? in the forum General Property https://www.propertyinvesting.com/topic/4369411-what-about-investing-in-european-property/#post-4439620 Sun, 16 Nov 2003 03:52:16 +0000 Hi guys,

you have certainly made me thinking.

peterp:
I looked at the links you provided and I agree with you that the population growth could be one of the major concerns there.
Personally I suggest, that opening the gates to immigration into Europe will be most likely the ultimate solution to this as ageing community will need someone to work…[Read more]

]]> 1da56ce2c3369c90a7b15fb96e449124 SoundOfGold replied to the topic What about investing in european property? in the forum General Property https://www.propertyinvesting.com/topic/4369411-what-about-investing-in-european-property/#post-4439617 Sat, 15 Nov 2003 08:43:52 +0000

quote:
peterp wrote:

I’ve never been to E. Europe, but my mind pictures cities full of hunchbacked elderly women in headscarves with few families or children. Their kids might have gone west.

With all the respect I think that if you want to assess a situation/maket you should not limit yourself by relying on some old fahioned stereotypes. As…[Read more]

]]> 5c442cade8fc84485f533a42154ebb88 SoundOfGold replied to the topic What about investing in european property? in the forum General Property https://www.propertyinvesting.com/topic/4369411-what-about-investing-in-european-property/#post-4439615 Sat, 15 Nov 2003 03:58:35 +0000 Thanks for ideas PeterM. Yes I see your point (actually quite a few of them) and I understand that handle a property portfolio in different country could be difficult, but it’s like always with investment – with greater risk comes greater profit or not?

Another question crossin my mind was – have you been to any of these young market economics…[Read more]

]]> efeca8cba21603ba7b99a13c14395ca3 SoundOfGold replied to the topic How best to use available money? in the forum Hotch Potch https://www.propertyinvesting.com/topic/4369365-how-best-to-use-available-money/#post-4439280 Sat, 15 Nov 2003 03:07:31 +0000

quote:
BJ

What about this one
http://www.hastingscapital.com.au
8.25%

or

http://www.eurofinance.com.au
8.75%

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Hi guys,
just came across to your useful info and instantly started asking myself why the hell did I put my money on term deposit with interest less than 5% pa??

Anyway those…[Read more]

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