Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 weeks ago
The answer is inflation Benny.
All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.
The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]
Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 weeks ago
The answer is inflation Benny.
All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.
The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]
Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 weeks ago
The answer is inflation Benny.
All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that aren’t related to consumption though.
The argument is that by taking money out of people’s pockets by causing them to spend more on interest it leaves them less to spend on other things, and…[Read more]
Steve McKnight replied to the topic How does an increase in the RBA's cash rate help? in the forum General Property 2 weeks ago
The answer is inflation Benny.
All the cheap money is enticing people to spend, which is causing prices to rise. So too though are supply chain issues that have aren’t related to consumption though.
The argument is that taking money out of people’s pockets by causing them to spend more on interest leaves them less to spend on other things, and…[Read more]
Steve McKnight replied to the topic cystic fibrosis – a gamechanger for many in the forum Forum Frolic 1 month, 1 week ago
Hey Benny,
Thanks for the post and it is an interesting topic.
We’re so lucky to live in a country where the government assists. Elsewhere you would need to have private insurance, or just pay the cost from your own pocket.
I understand the goverment usually ‘does a deal’ with drug companies to get them on the PBS, so no doubt there are some…[Read more]
Steve McKnight replied to the topic Ideal tenant looking for 10 year lease in Perth (investor to purchase) in the forum Creative Investing 2 months, 1 week ago
Taking max rent and max PP, $6k per month rent = $72k per annum, against a purchase price of $1.3m (and that’s before closing costs) gives a gross yield of 5.5%.
As an income return against commercial property, where returns are typically net, this is not particularly attractive.
Still, I have sent your details to a couple of my WA based…[Read more]
Steve McKnight replied to the topic Ideal tenant looking for 10 year lease in Perth (investor to purchase) in the forum Creative Investing 2 months, 1 week ago
G’day. Out of interest, how much do you think a house that meets your needs, in the areas you indicated, would cost to buy?
Bye,
– Steve
Steve McKnight replied to the topic Ideal tenant looking for 10 year lease in Perth (investor to purchase) in the forum Creative Investing 2 months, 1 week ago
G’day. Out of interest, how much do you think a house that meets your needs, in the areas you indicated, would cost to buy?
Bye,
– Steve
Steve McKnight replied to the topic Sell the Land or Keep to Rent? in the forum Help Needed! 3 months, 2 weeks ago
Hi,
Owning land is a generic growth strategy. It usually delivers no income, other than agistment and storage, so because it is growth orientated, it tends to be speculative.
As investors, our job is to make the most money, in the quickest time, for the least risk and lowest aggravation. As such, what is right for one may not be right for…[Read more]
Steve McKnight replied to the topic Sell the Land or Keep to Rent? in the forum Help Needed! 3 months, 2 weeks ago
Hi,
Owning land is a generic growth strategy. It usually delivers no income, other than agistment and storage, so because it is growth orientated, it tends to be speculative.
As investors, our job is to make the money money, in the quickest time, for the least risk and lowest aggravation. As such, what is right for one may not be right for…[Read more]
Steve McKnight replied to the topic How technology is impacting property investment in the forum Creative Investing 5 months, 1 week ago
At the heart of it, not much has changed in respect to the act of real estate investing, however, technology has impacted the way a property is advertised for sale (still essentially a classified ad, but online not in the paper, so now there can be photos and more text), transferred, and managed.
As for tech advances: perhaps block chain…[Read more]
Steve McKnight replied to the topic Difference between being a guarantor to the loan and own the loan in the forum Help Needed! 5 months, 1 week ago
LOL.
Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.
The principle is this though: a mortgagor is different to a guarantor.
The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]
Steve McKnight replied to the topic Difference between being a guarantor to the loan and own the loan in the forum Help Needed! 5 months, 1 week ago
LOL.
Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.
The principle is this though: a mortgagor is different to a guarantor.
The mortgagor receives the proceeds for the loan and is responsible for making repayments, and adhering to the terms and conditions of the…[Read more]
Steve McKnight replied to the topic Sat Dec 4th – Will rising inflation, rates & Omicron hammer our property market? in the forum Heads Up! 5 months, 1 week ago
Hey Tony!
How are you? Well, I hope.
I see the RESULTS office is up for lease again. Are you guys moving somewhere else, or working from home?
I note that you only seem to post when you are plugging a workshop to feed into RESULTS sign ups. Why not start a discussion about the topics here, rather than simply advertising the workshop?
Thanks,
Steve McKnight replied to the topic A different angle to look at 1 expensive property vs multiple cheaper properties in the forum General Property 5 months, 1 week ago
Hi Steven,
Let’s look at each in turn:
Stamp Duty
You are right in that purchasing multiple properties takes advantage of the ‘stamp duty free’ threshold for each property, and this could add up to quite a lot of savings depending on your total investment capital.
Applying your example in Victoria to calculate stamp duty, 4 x $250,000…[Read more]
Steve McKnight replied to the topic Need help to evict tenants in QLD in the forum Help Needed! 6 months, 1 week ago
Hi mate,
I am sorry to learn of your challenge.
Sometimes in the past I have found that it is easier to offer a carrot, than a stick. This means incentivising the tenant to move out, rather than paying money to force them out.
Perhaps “You’ve been a great tenant, and I want us end on the right foot. If you agree to move out by <date – which is…[Read more]
Steve McKnight replied to the topic Building a Study in a Unit (Cant get consent). in the forum Value Adding 6 months, 2 weeks ago
Hey mate,
This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?
If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.
Sorry I can’t be of more help. I do think you…[Read more]
Steve McKnight replied to the topic Building a Study in a Unit (Cant get consent). in the forum Value Adding 6 months, 2 weeks ago
Hey mate,
This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?
If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.
Sorry I can’t be of more help. I do think you…[Read more]
Steve McKnight replied to the topic Building a Study in a Unit (Cant get consent). in the forum Value Adding 6 months, 2 weeks ago
Hey mate,
This sounds like a planning issue, and based on your username, I’m guessing you are a ‘Cuz from across the ditch…?
If that’s so, I recommend you contact the folks at https://planning.org.nz/ to see if there is a planner near you who can help navigate you through this tricky situation.
Sorry I can’t be of more help. I do thinkk you…[Read more]
Steve McKnight replied to the topic Inheriting a Block of 12 Strata Units in NSW. in the forum Help Needed! 9 months, 3 weeks ago
Hello and thanks for your post. That is quite a gift that you have inherited.
Before answering your questions, I’d encourage you to think about the investing strategy you would like to pursue (income or growth), together with your available funds, risk appetite and skill. Once done, then consider how this asset fits into, and meets, your needs.…[Read more]
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