PropertyInvesting.com | spider2 | Activity https://www.propertyinvesting.com/members/spider2/activity/ Activity feed for spider2. Sun, 12 Apr 2026 09:32:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 fc3e268b6e7cbb3db4a54dac570c0a5f spider2 replied to the topic Rural properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4382196-rural-properties/#post-4529361 Wed, 14 Sep 2005 02:16:03 +0000 Sokos,

Yes it was Bankwest…..they also do not lend against some postcodes….obviously they do not want my money, I’ll give it to someone else

Spider

]]> 7b3df1a530678b3c6680b5dac24be76c spider2 replied to the topic Rural properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4382196-rural-properties/#post-4529355 Tue, 13 Sep 2005 03:23:27 +0000 Thanks everyone,

I have supplied citibank account statements reflecting the rents for the last 6 months and no good. Maybe they think I am flying to WA every month and depositing the funds myself..Some banks won’t lend against certain postcodes and some will only lend up to 50 percent on rural properties. It is a bit of a juggle… thanks for…[Read more]

]]> 053550afbb5c22935aa0335fd1d7c8c4 spider2 replied to the topic Can you help? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380980-can-you-help/page/2/#post-4521546 Sun, 10 Jul 2005 06:59:07 +0000 Steve,

I would like to ask what an investor does when there is a down turn in a rural property market due to a mine closure??? The houses become cheaper and it is harder to rent due to the houses becoming so cheap

Spider

]]> 3695726570a72eae3fe561082e040106 spider2 replied to the topic Keeping former residence as an IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4380565-keeping-former-residence-as-an-ip/#post-4518655 Thu, 02 Jun 2005 02:58:24 +0000 Hi Mortgage Adviser,

If you set up a trust/company structure and only have one property inside the trust, ie your PPOR, would this set bells alarming at the ATO??? Would you need to place more than one property inside the trust so as to be “conducting a business” and not just what the ATO deem to be avoidance of tax?

thanks

]]> ab084e51435f411b2055a3a009e19d4c spider2 replied to the topic Investment Detective in the forum Heads Up! https://www.propertyinvesting.com/topic/4377639-investment-detective/#post-4499763 Wed, 05 Jan 2005 02:34:34 +0000 Investment detective… what does it do??

Spider

]]> 377eed5d6480377d9d2290a146933b35 spider2 replied to the topic Mining towns too risky??? in the forum No Subject https://www.propertyinvesting.com/topic/4377534-mining-towns-too-risky-2/#post-4498987 Wed, 22 Dec 2004 11:02:29 +0000 Anyone know how Sons of Gwalia are going??? Are they going into receivership or revived????
If they are in demise how does that affect Kalgoorlie and surrounding areas like Leonora

thanks

Spider

]]> 257f28a19e8dabab88d25b9d0e23eee0 spider2 replied to the topic positive cashflow opportunities in WA in the forum General Property https://www.propertyinvesting.com/topic/4375407-positive-cashflow-opportunities-in-wa/page/2/#post-4485950 Mon, 22 Nov 2004 07:12:20 +0000 Lukis P

What do you think of Roebourne. I think it is about 40KMS N of Karratha.

Thanks

Spider

]]> 276b1469c1fdba1a6753e99cecfcba6d spider2 replied to the topic paddington vs surry hills vs darlinghurst in the forum General Property https://www.propertyinvesting.com/topic/4376526-paddington-vs-surry-hills-vs-darlinghurst/#post-4493289 Sun, 24 Oct 2004 03:03:20 +0000 Alpina,

As I said in an earlier post I had been looking around Surry/Paddo/Darlo for 18 months very aggressively. I don’t think you will ever go too far wrong in Paddo. Why not bite the bullet and buy a PPOR thru a trust. I would have except that most of the terraces are too small for the price I wanted to pay even with tax deductions. The…[Read more]

]]> 340cae44c6279180d92e61069a49884c spider2 replied to the topic paddington vs surry hills vs darlinghurst in the forum No Subject https://www.propertyinvesting.com/topic/4376526-paddington-vs-surry-hills-vs-darlinghurst/#post-4493281 Mon, 18 Oct 2004 02:07:48 +0000 Alpina,
I live here in Sydney and have been looking at Paddo/darlo/surry for the last 18 months. I nearly purchased a house in Nickson st surry but finally realised it was overpriced. IMO unless you want to spend $1.5M in Paddo to get something more than a dog box then forget it, a great suburb anyway. Darlo, no thanks. I live at woolloomooloo…[Read more]

]]> 4fc7c5141b7d0325fbfa09a9933a73da spider2 replied to the topic renters - what happens when u purchase ppor in the forum Help Needed! https://www.propertyinvesting.com/topic/4373758-renters-what-happens-when-u-purchase-ppor/#post-4474083 Mon, 17 May 2004 22:19:01 +0000 Thanks everyone

Spider

]]> af4364925a348edf01c263a28fc39439 spider2 replied to the topic Internet Banking O/S to NZ in the forum General Property https://www.propertyinvesting.com/topic/4372882-internet-banking-os-to-nz/#post-4467442 Sun, 25 Apr 2004 01:31:56 +0000 Baloo,

I also use Citibank to transfer funds overseas. It costs $10.

Spider

]]> 379234c2937285e9af94b6d7610a9542 spider2 replied to the topic Delaying Capital Gains Payment in the forum General Property https://www.propertyinvesting.com/topic/4373126-delaying-capital-gains-payment/#post-4469034 Sat, 24 Apr 2004 06:33:49 +0000 Daisygirl,

In the past a lot of investors tried afforestation, films, crustations etc. which had high tax deductibility on them to offset their CGT. A lot of people lost their money as these schemes were speculative, if they were a viable proposition then the banks would have lent against them. However, there is one this year I would recommend…[Read more]

]]> 47e4fecd326eee111c64b70e3ada80a0 spider2 replied to the topic Anyone Renting in the forum General Property https://www.propertyinvesting.com/topic/4372606-anyone-renting/#post-4465700 Mon, 05 Apr 2004 03:13:15 +0000 I just signed off on my 12th property and rent. Renting AT THIS TIME in Sydney makes more sense than purchasing in a market that is heading south. However, as the market softens and rents rise then I will purchase, or maybe I’ll never purchase and go overseas three times a year, like I do now.

Spider

]]> b0916e1b8964808a4ce48da9ecf4a1cc spider2 replied to the topic KALGOORLIE in the forum Help Needed! https://www.propertyinvesting.com/topic/4372153-kalgoorlie-2/#post-4461826 Sun, 21 Mar 2004 12:31:36 +0000 I settled on a property in hannan street about a week ago. 105k and $240 per week. The figures looked good and I believe the place has a future.

Spider

]]> 8cf1dbf90d64ca2eddf1ff1116570376 spider2 replied to the topic Surry Hills in the forum General Property https://www.propertyinvesting.com/topic/4371940-surry-hills/#post-4460117 Fri, 12 Mar 2004 07:30:04 +0000 Alpina,

Central station area isn’t the best area to invest in. Lots of units and drunks (worse than me). I would invest elsewhere not in that area, no tenants and low yields..it’s the things nightmares are made of

Spider

]]> b11fba405ce901a5ff8001fa86cb885f spider2 replied to the topic Labor Government in the forum Opinionated! https://www.propertyinvesting.com/topic/4371873-labor-government/#post-4459413 Wed, 10 Mar 2004 03:58:34 +0000 Hey,
Historically the Public Service expands under a Labor Govt… Ask any Canberran who they vote for

Spider

]]> dc7b1b4bb9fedae89556677eaf41a28d spider2 replied to the topic Looking for financial advisor... in the forum No Subject https://www.propertyinvesting.com/topic/4371420-looking-for-financial-advisor/#post-4455484 Sun, 07 Mar 2004 07:47:33 +0000 Charles J Givens in his book “financial defense” stated assets are the meaning of life. Maybe, as long as they are appreciating

Spider

]]> 394c66191c55f69d2f32c25b30647832 spider2 replied to the topic Looking for financial advisor... in the forum No Subject https://www.propertyinvesting.com/topic/4371420-looking-for-financial-advisor/#post-4455482 Fri, 05 Mar 2004 09:54:51 +0000 Derek

Thanks. I’m booked into the next seminar on 03 Apr…I’m starting to understand his strategies but wow all that debt…

Spider

]]> 092b84e684d138db74093fee569a321d spider2 replied to the topic State of the market in the forum General Property https://www.propertyinvesting.com/topic/4371623-state-of-the-market/#post-4457502 Mon, 01 Mar 2004 10:43:21 +0000 All four properties that went to auction on Saturday in paddington were passed in.

Spider

]]> 9eedc738dd7017034c422c3588faf0cc spider2 replied to the topic Brendan Nichols Seminar - Comments? in the forum Heads Up! https://www.propertyinvesting.com/topic/4371634-brendan-nichols-seminar-comments/#post-4457560 Mon, 01 Mar 2004 03:23:30 +0000 Roofarmer,

Who is Brendan Nichols….

Spider

]]> 55ec83ed951a56af4043f64995e22ad4 spider2 replied to the topic Looking for financial advisor... in the forum Help Needed! https://www.propertyinvesting.com/topic/4371420-looking-for-financial-advisor/#post-4455478 Sun, 29 Feb 2004 02:19:24 +0000 Hi Derek,

I am attending the next STEVE NAVRA seminar in Sydney, the april one. I have read a bit about his cash bonds but can’t get my head around them yet. I have a meeting planned for this wednesday with someone in his office, apparently this is free and goes for a hour or so. I have heard some good words on Steve, I’d appreciate your…[Read more]

]]> f533d94f6d9255f8fb036ab7d3c928a4 spider2 replied to the topic capitol gains tax in the forum General Property https://www.propertyinvesting.com/topic/4371601-capitol-gains-tax/#post-4457356 Sun, 29 Feb 2004 01:47:21 +0000 If u r close to retirement I believe under the new rules you can roll your CG into your superannuation fund.

Spider

]]> 535c3f3d2586191c56b9846e0425ddb9 spider2 replied to the topic How to become a fortune teller and maker in the forum General Property https://www.propertyinvesting.com/topic/4371483-how-to-become-a-fortune-teller-and-maker/#post-4455962 Wed, 25 Feb 2004 02:15:39 +0000 Pisces,,
I think you are right. I live at Woolloomooloo which is close to the tunnel. This will lessen the traffic that Kings Cross receives, also South Sydney Council have made a committment to clean up the area. Kings Cross/Elizabeth Bay will be a safe bet

Spider

]]> fd5adbd5ad9f46e5c3411935e96c08e5 spider2 replied to the topic moving IP equity into PPOR?? in the forum No Subject https://www.propertyinvesting.com/topic/4371455-moving-ip-equity-into-ppor/#post-4455749 Tue, 24 Feb 2004 02:49:27 +0000 Neologism,

I was thinking along the same lines myself. However, it is the original intent of the loan, otherwise, you could borrow against your IP’s for lifestyle and claim the tax deductible proportion which the tax department would not allow.

However, I was thinking what if you had some investment properties and purchased another investment…[Read more]

]]> 97bf952eaf3d768b19c890e6c7f47e86 spider2 replied to the topic Valuation in the forum General Property https://www.propertyinvesting.com/topic/4371422-valuation/#post-4455500 Mon, 23 Feb 2004 05:40:28 +0000 I believe that Member’s equity do not charge a valuation fee.

Spider

]]> 3553deff1c89f914a7f6537b2217235c spider2 replied to the topic good advice required in the forum Help Needed! https://www.propertyinvesting.com/topic/4371270-good-advice-required/#post-4454560 Thu, 19 Feb 2004 09:36:02 +0000 Are you joking

Spider

]]> 08c09c9f9e55dab014a15eaa36948ee7 spider2 replied to the topic Interest Rates - Quick Poll - For Tomorrow % in the forum General Property https://www.propertyinvesting.com/topic/4370986-interest-rates-quick-poll-for-tomorrow/#post-4452655 Tue, 03 Feb 2004 10:53:25 +0000 Even money for tomorrow….if not tomorrow, then odds on for a yes in March

Spider

Pay now Play later

]]> a2ac4c1848db76cea6221ffcd636b107 spider2 replied to the topic Overseas Loans in the forum General Property https://www.propertyinvesting.com/topic/4370910-overseas-loans/#post-4452176 Sun, 01 Feb 2004 05:51:10 +0000 Didn’t a few farmers go broke in the early 90’s getting overseas loans thru Westpac?? after the Oz $ went south

Spider
pay now play later

]]> e9e6f102d204076a90c99205fc25ea76 spider2 replied to the topic Which type of property is best to avoid ? in the forum General Property https://www.propertyinvesting.com/topic/4370847-which-type-of-property-is-best-to-avoid/page/2/#post-4451522 Sun, 01 Feb 2004 05:48:31 +0000 Mini,
What a great read. I agree with every word and would have liked to say it myself but I didn’t want the writer’s cramp you must have. Who is Phil Jones??

Spider

Pay now play later

]]> c1eef71170ea92286e3db4a9b91ef729 spider2 replied to the topic Rural towns, risk and cash on cash return in the forum General Property https://www.propertyinvesting.com/topic/4370897-rural-towns-risk-and-cash-on-cash-return/#post-4451989 Sat, 31 Jan 2004 04:03:42 +0000 I read about them about 10 years ago. A family purchases a rabbit box in Tokyo for $2m (Aus dollars then) and gives a commitment that their children will inherit the rabbit box and take over the mortgage. I don’t know if I will see that in my life time BUT 40 year mortgages….as you are aware they have 30 year fixed mortages in the USA. 40…[Read more]

]]> 52d028ca5b44a28deaca6874658633ab spider2 replied to the topic Rural towns, risk and cash on cash return in the forum General Property https://www.propertyinvesting.com/topic/4370897-rural-towns-risk-and-cash-on-cash-return/#post-4451987 Sat, 31 Jan 2004 03:47:51 +0000 I think 40 year Bank loans are inevitable. I often hear people say that houses can not get any more expensive in the capital cities. All the banks have to do is lengthen the period of the loan. 100 year mortgages like in Japan???? hand the mortgage over to the kids………

Spider

pay now play later

]]> 1644cd5d3efad18d5006f78ee526288c spider2 replied to the topic Why do people like the name BEAR in the forum Opinionated! https://www.propertyinvesting.com/topic/4370806-why-do-people-like-the-name-bear/#post-4451018 Thu, 29 Jan 2004 11:24:41 +0000 Melbear

I don’t mind the bath, it’s that soap I hate

Spider

Pay now play later

]]> 34b765ab4f396b98e4f1eb26f2ce5140 spider2 replied to the topic Fixed or Variable rate?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4370835-fixed-or-variable-rate/#post-4451403 Thu, 29 Jan 2004 03:23:33 +0000 Bc,

I agree. There seems to be some information overload on interest rates. For what it is worth, what I have done over the years is stay on the variable, as interest rates seem to be lower longer than they are up especially in an election year. I have friends who chop and change, it makes me giddy.

Spider

Pay now play later

]]> 051303c00491e39941648f9833329f7f spider2 replied to the topic Why do people like the name BEAR in the forum Opinionated! https://www.propertyinvesting.com/topic/4370806-why-do-people-like-the-name-bear/#post-4451016 Thu, 29 Jan 2004 01:46:26 +0000 It’s ridiculous people use animal names

Spider

Pay now play later

]]> d3b4fcd2ca4a771e62245afdb8c3a005 spider2 replied to the topic Rent or Buy in the forum Help Needed! https://www.propertyinvesting.com/topic/4370824-rent-or-buy-3/#post-4451262 Thu, 29 Jan 2004 01:35:19 +0000 Ambo72,

I’m in the same situation here in Sydney. I am on subsidised rent until August 04, and believe me you need it here. Also part of my deal is that I will be reimbursed stamp duty, legals on purchase so I would be mad not to purchase. I have another 3 years before this option expires. I posted the same question a month or so ago regarding…[Read more]

]]> c3eed93c64d3808e46aa0a3905037302 spider2 replied to the topic What's The Best Strategy? in the forum General Property https://www.propertyinvesting.com/topic/4370720-whats-the-best-strategy/#post-4450380 Sun, 25 Jan 2004 01:21:26 +0000 Life can be pretty simple. If you want to be slim don’t eat sugar or drink excessive alcohol. If you want to make money only purchase goods that make you money. Just keep buying property, time is just a good forgiver

Spider

The man who wants to be rich in a day will be hung in a year

]]> 5be9a9de5b8f02bceef96e73da433836 spider2 replied to the topic Anyone got 10-20 yrs prop invest experience in the forum General Property https://www.propertyinvesting.com/topic/4370661-anyone-got-10-20-yrs-prop-invest-experience/#post-4449792 Thu, 22 Jan 2004 04:26:11 +0000 I purchased my first IP in 1991 in Canberra and roughly around the same time purchased 2 more investment properties off the plan. They were all negatively geared. I thought this was good until John Howard (thank you John) cut back on the Public Service. I saw the three properties virtually half in value over the coming years. I just held on and…[Read more]

]]> e983f3a24d906c6891a6047bad88a848 spider2 replied to the topic so how much is enough in the forum Opinionated! https://www.propertyinvesting.com/topic/4370483-so-how-much-is-enough/#post-4448279 Thu, 15 Jan 2004 02:06:08 +0000 Monkeybam,

Which comes to my point….Do you keep buying positive cash flow properties in retirement as if you are making money you don’t have to pay off the debt or do you consolidate prior to retirement.

Spider

]]> fe63e1bacc7b99b442362ce4b2b89526 spider2 replied to the topic Anyone know a good PM Brisbane? in the forum No Subject https://www.propertyinvesting.com/topic/4369836-anyone-know-a-good-pm-brisbane/#post-4443188 Tue, 06 Jan 2004 09:52:48 +0000 Rubbachook, Melbear

That makes three of us. Bad real estate must be thriving down there. Sorry Raine and Horne of Woden

Spider

]]> e32ba19e450c96641edb811995e578fd spider2 replied to the topic Rate rise threat fades in the forum General Property https://www.propertyinvesting.com/topic/4370256-rate-rise-threat-fades/#post-4446298 Tue, 06 Jan 2004 02:50:54 +0000 Mortgage Hunter,

Are “the banks” trying to entice people to fix their rates as they “know” the variable will remain as is or drop???

Spider

]]> f07d46cd95b6e6f879b9192f065f9d01 spider2 replied to the topic 15K house- is this aussie's cheapest? in the forum General Property https://www.propertyinvesting.com/topic/4370284-15k-house-is-this-aussies-cheapest/#post-4446631 Mon, 05 Jan 2004 06:45:03 +0000 15K is pretty cheap. I like the story that was in the Sydney Telegraph a few years ago, a bloke in downtown Broken Hills purchased a property after much negotiating to a level where after negotiations exchanged his first home buyers grant for the property. There must be a few cheap ones still out there

Spider

]]> 4b3d3c5d596f57caa1f44834e59fae5e spider2 replied to the topic buying property unseen in the forum No Subject https://www.propertyinvesting.com/topic/4370263-buying-property-unseen/page/2/#post-4446340 Mon, 05 Jan 2004 05:17:42 +0000 I’ve purchased three sight unseen. Find someone you trust and then SHOW ME THE FIGURES. The property is secondary.

Spider

]]> d11ea81c05a11fea5146c959f2a1d762 spider2 replied to the topic My Neg geared property in the forum No Subject https://www.propertyinvesting.com/topic/4370271-my-neg-geared-property/#post-4446490 Mon, 05 Jan 2004 04:52:26 +0000 Hey Karen

Go with your gut feeling

Spider

freedom-please
[/quote]

]]> 697ddf5dc07cd30ad89840c3e86b9f5e spider2 replied to the topic Pornography, suicides and SA wrapping in the forum Opinionated! https://www.propertyinvesting.com/topic/4370239-pornography-suicides-and-sa-wrapping/#post-4446205 Mon, 05 Jan 2004 04:40:23 +0000 I have given three options on properties in Brisbane and all the future purchasers have thanked me a number of times for giving them the chance to purchase a property they had no hope of.

I don’t think we are here to debate moralistic issues.

Spider

]]> dc95685a93e316874e89d228b9a522d8 spider2 replied to the topic My Neg geared property in the forum Help Needed! https://www.propertyinvesting.com/topic/4370271-my-neg-geared-property/#post-4446487 Sun, 04 Jan 2004 07:53:59 +0000 Hi Karen,

Steve would be able to answer this better than me. However, I purchased property in Canberra and the market went very south (thanks John Howard). Anyway, I rationalised and stuck with them as the rent was high. Although I could have purchased them a lot cheaper a few years after buying them. The answer to your question is that I…[Read more]

]]> 40adb99c7bc012b64d9050494c910f5b spider2 replied to the topic "The Investors Club" in the forum Heads Up! https://www.propertyinvesting.com/topic/4370139-the-investors-club-3/page/2/#post-4445557 Sun, 04 Jan 2004 02:57:32 +0000 The investors club and it’s spinoff WISE are there to make money. The bottom line is to do it yourself and cut out the middle man. The investors club and WISE work as time is a good healer. It’s probably better to pay someone a spotter’s fee than the huge paybacks investors club and Wise dealers get.

Hey, it’s all in Steve’s book

Spider

]]> b9f6b502176e4ec0b0fafa260ccde247 spider2 replied to the topic Where are we headed ??? in the forum Opinionated! https://www.propertyinvesting.com/topic/4370223-where-are-we-headed/#post-4446129 Sun, 04 Jan 2004 02:33:08 +0000 Any investor who purchases a rental property in the inner city here in Sydney is braver than me

Spider

]]> e01357a6656812b61baa1c553f739ab5 spider2 replied to the topic Negative Gearing - a different perspective in the forum General Property https://www.propertyinvesting.com/topic/4370257-negative-gearing-a-different-perspective/#post-4446302 Sun, 04 Jan 2004 02:15:27 +0000 Peterhen,

You’re right. Any savings is better than none at all, however, negative gearing is SLOW and stops your borrowing power. If people can not get the negative gearing syndrome out of their heads then try the Margaret Lomas philosophy. A new residence with high tax deductions

Spider

]]> df2ecb91e97bc5967ffc84873994524a spider2 replied to the topic Which City/Suburb you live? in the forum Forum Frolic https://www.propertyinvesting.com/topic/4369744-which-citysuburb-you-live/page/5/#post-4442296 Fri, 02 Jan 2004 11:18:03 +0000 Jancrows,

Will the train help the real estate market up there? What’s the vacancy rate?

Thanks

Spider

]]> c7a94ed01043d6c7b5a3ca62e5717462 spider2 replied to the topic to those who say there's no opportunities in the forum General Property https://www.propertyinvesting.com/topic/4370174-to-those-who-say-theres-no-opportunities/#post-4445871 Fri, 02 Jan 2004 08:49:05 +0000 Pisces 133,

Sorry hit the wrong button. Maybe I should drink less.

Spider, what happened ? What did you intend to say in your post ?

As it is you are only quoting without providing your comment !?

Pisces133

[/quote]

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