Total Members: 155,116

Steven

  • One thing I notice a lot of investors do when calculating their return, is the only “add up a total figure in the end”, without taking into consideration of the time when the profit comes in.

    An example is those who buy negatively geared properties in hope of big capital gain, they seem to not realize all of their profit comes in a single…[Read more]

  • Hi all

    To those who are experienced and know about SA and / or WA market.

    I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

    Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

  • Hi all

    To those who are experienced and know about SA and / or WA market.

    I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

    Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

  • Hi all

    To those who are experienced and know about SA and / or WA market.

    I am trying to identify the right areas for me to look at in SA and / or WA. No need to pin-point exact but want to know general area to look into.

    Reason why I am finding it a bit tricky is because, unlike VIC or NSW, where the market pattern is somewhat clear (that is,…[Read more]

  • I reckon it is a combination of:

    1. Money are being massively printed and those money has go to somewhere. They are unlikely to go into things that will lose value over time in the long run. In fact, some even go as far as “if government keeps printing money with no limitation or intention to stop, then just buy” kind of thinking.

    2. Pandemic…[Read more]

  • The topic gets talked about a fair bit and I see support for either side.

    The biggest argument is something like: a 2M property increase 10% means 200K increase in value, but a 10% increase to 500K property is only 50K.

    However, I think it is interesting to think from a slightly different angle, that is: what are the costs associated with…[Read more]

  • The topic gets talked about a fair bit and I see support for either side.

    The biggest argument is something like: a 2M property increase 10% means 200K increase in value, but a 10% increase to 500K property is only 50K.

    However, I think it is interesting to think from a slightly different angle, that is: what are the costs associated with…[Read more]

  • Steven replied to the topic Starting to look at QLD in the forum General Property 1 year ago

    Actually, I posted the same in whirlpool forum and the feedback so far has been that Coomera is the only one from those I listed that are worth considering, due to demographic reasons and crime reasons….

    Some suggest I look in Logan region, still possible to get a house with 300K, or some better suburbs where we can try to get a newer / better…[Read more]

  • Steven replied to the topic Starting to look at QLD in the forum General Property 1 year ago

    Actually, I posted the same in whirlpool forum and the feedback so far has been that Coomera is the only one from those I listed that are worth considering, due to demographic reasons and crime reasons….

    Some suggest I look in Logan region, still possible to get a house with 300K, or some better suburbs where we can try to get a newer / better…[Read more]

  • Hi all

    My family are considering buying a place in QLD, that can function as our “holiday home” for the moment, but can become our “future home” as prospect of us relocating to QLD is on the cards. My wife thinks VIC winter is too cold for her liking and she has some good impressions with QLD.

    Anyway, we don’t necessarily want to buy a house…[Read more]

  • Actually, one thing to add in.

    The first step I mentioned to “work out your goal”.

    I mentioned this is due to the strategy would be different depending on the goal. This is a “technical reason”.

    There is also another reason that I would like to add in. This is more of a “psychological reason”. That is during the process of making investments,…[Read more]

  • This.

    Also per one of my posts in the forum.

    Work out what you want to achieve first, then work out a strategy that aligns with your goal (eg: if you want to live of 20+ IPs passive income and be able to quit your job, then the strategy of buying negative gearing IPs probably isn’t going to align with your goal very well).

    Then find the right…[Read more]

  • Hi all

    Seen a lot of posts here where people are just starting and not know how to start.

    The suggestion I have is: work out what goal you are trying to achieve and the strategy first, before you even look at the first property.

    Basically it works like this:

    1. Work out what are you trying to achieve with buying properties. The reason is…[Read more]

  • Both are important.

    Without high yield you don’t get serviceability to apply for more borrowing (unless you have an insane amount of cash that you don’t need to borrow)

    Without high growth, then you don’t get enough deposit to buy the next one

    Instead, it is also important to think which one will break you.

    Lack of growth may make things…[Read more]

  • Hi all

    Asking about putting building inspection clause in a contract. I would like to find out has anybody successfully got vendor to remediate an issue that is NOT exactly considered a “major defect” before?

    I understand that if a major defect is found, the buyer has the option to pull out of the contract. (or alternatively the vendor can offer…[Read more]

  • I hardly pay attention to Medium price.

    I have made the rule to do the following:

    1. Look at “Sold within 800-1500 metres radios in the past 2-3 months” and make offers based on that, as long as the numbers make sense to me. It is up to vendor to accept or reject my offer but it is up to me to make my offer.

    2. Never up my offer unless I am…[Read more]

  • I think the idea of buying under value is to be able to add your own values. As the likes of Steve McKnight and many investors on this forum would point out “don’t buy a solution, but instead implement your own solution and then sell your solution”.

    Where you make money is not when everything is done for you, but instead for yourself to overcome…[Read more]

  • I think the idea of buying under value is to be able to add your own values. As the likes of Steve McKnight and many investors on this forum would point out “don’t buy a solution, but instead implement your own solution and then sell your solution”.

    Where you make money is not when everything is done for you, but instead for yourself to overcome…[Read more]

  • So in other words, if your spending is like this:

    $1500 for food

    $800 for loan repayment

    Not only will banks add a few on top of the $800 to make your loan repayment look bigger (akin to adding an extra 2-3% on the actual interest rate to stress test your loan), but they will also add some money on top of $1500 for food to make it look like you…[Read more]

  • What about non-debit related spending? Like food, groceries, etc..

    If my living expense (not loans, etc.. just pure non-debit expense) is 1500 per month, will banks automatically assume it is 500-1000 higher than my actual spending as well?

  • Load More

Steven

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