PropertyInvesting.com | Tom | Activity https://www.propertyinvesting.com/members/tommyt/activity/ Activity feed for Tom. Mon, 13 Apr 2026 12:46:06 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c6eb88a6cccbf8059112eadea4b7ffb1 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/page/2/#post-5084156 Tue, 20 Sep 2022 22:20:51 +0000 So, with respect to the question of ‘getting around the issues’ and limiting the impact of a parties (be it a body corporate member/s or an onsite manager/caretaker), the process and complexity differs depending on the state/territory and the nature of the agreement with the onsite manager.

In my region/situation the onsite manager has purchased…[Read more]

]]> 96ef72d98835dab9c467af3db938c3fe Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/page/2/#post-5084111 Wed, 14 Sep 2022 06:25:57 +0000 Hello all, time for an update.

I ended up purchasing 3 units in the over 55’s complex in total. Each of them cost me $86K, rented for $220 each (all positive geared).

Fast forward to August 2022 and I have commenced selling all 3 units.

The reason for the sale is related to issues with the on site manager/caretaker (he has a lease for the…[Read more]

]]> 346bad7439d7bf96cb017767dd82ace1 Tom changed their profile picture https://www.propertyinvesting.com/activity/p/404627/ Wed, 14 Sep 2022 06:04:57 +0000 ee524313638e23e98df1ca6eb161b1d9 Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/#post-5072068 Mon, 10 May 2021 09:36:09 +0000 Hey Julian, saving 30% of your income is an awesome achievement, keep that up and you will have a portfolio that will sustain you in retirement for many years.

]]> 8957453007a24973b0ce6ba458286785 Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/#post-5072027 Wed, 05 May 2021 00:48:32 +0000 Hey Julian, if you are referring to the book “Creating Real Wealth by Michael Kemp” you may be right, I don’t know the author.

My personal story is factual, and as an update 2020/2021 has been an interesting journey.

I manage my share investments based on the theories of Austin Donnelly…[Read more]

]]> 308268a24d25ab2acf371c70b41a64f3 Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/#post-5072027 Wed, 05 May 2021 00:48:32 +0000 Hey Julian, if you are referring to the book “Creating Real Wealth by Michael Kemp” you may be right, I don’t know the author.

My personal story is factual, and as an update 2020/2021 has been an interesting journey.

I manage my share investments based on the theories of Austin Donnelly…[Read more]

]]> 98ae131679f4d3553d8ea1a4affdd66b Tom started the topic My secret for pandemic proof rental incomes in the forum General Property https://www.propertyinvesting.com/topic/5067333-my-secret-for-pandemic-proof-rental-incomes/ Fri, 21 Aug 2020 02:54:46 +0000 I have five rental properties, all of which were positive geared at time of purchase.

Buying positive geared properties leads to a certain type of property:

– High yield

– Below median purchase prices

This property type attracts tenants who are on some form of government support. All of my tenants are on some mix of:

– Aged pension

– New…[Read more]

]]> 9dd242dc5c8d76b4fb0d8179bb0326cc Tom started the topic My secret for pandemic proof rental incomes in the forum General Property https://www.propertyinvesting.com/topic/5067333-my-secret-for-pandemic-proof-rental-incomes/ Fri, 21 Aug 2020 02:54:46 +0000 I have five rental properties, all of which were positive geared at time of purchase.

Buying positive geared properties leads to a certain type of property:

– High yield

– Below median purchase prices

This property type attracts tenants who are on some form of government support. All of my tenants are on some mix of:

– Aged pension

– New…[Read more]

]]> 426b9627a680a6a999192c97e25d142c Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/#post-5060488 Thu, 05 Dec 2019 23:47:33 +0000 Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:

$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more]

]]> cf2c743a4976edf948ffc50c9713633d Tom replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/#post-5060488 Thu, 05 Dec 2019 23:47:33 +0000 Indeed Benny I didn’t start accumulating at $147 a day. From my spreadsheet our progress over time tracked as follows:

$102 per day – first 5 months (July 2001 – Nov 2001) – note: we had a few quick wins, downsizing our car and selling some other items to build up capital
$65.35 per day – 5 years (2001 – 2006) – note: this includes travelling and…[Read more]

]]> 31386daae0c648e0aabd04f19a871be2 Tom started the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic https://www.propertyinvesting.com/topic/5060464-turning-147-a-day-into-1000000/ Tue, 03 Dec 2019 12:30:19 +0000 I am reading Creating Real Wealth by Michael Kemp and there was a little section on compound interest with an example of saving $5 a day over 30 years @ 8% ROI = $200,000. It got me thinking, how much have my wife and I saved per day on our journey to $1,000,000 net worth.

As luck would have it we have maintained a balance sheet every three…[Read more]

]]> a75149fe666a6a4de6b2991e66ca9a2b Tom replied to the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/#post-5056138 Mon, 30 Sep 2019 06:08:25 +0000 Hey guys, for those following this post I have written another post analysing a real estate deal. You can read it here – https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/

]]> 0ff109a7028416eb4f634d04f8c82d27 Tom started the topic Analysing the deal #2 in the forum General Property https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/ Mon, 30 Sep 2019 05:56:28 +0000 Analysing the deal – number two.

In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.

You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/

The house is a 3 bedroom house, 1970’s build. In the e…[Read more]

]]> ff09189de578ff94632aee73d67663e0 Tom started the topic Analysing the deal #2 in the forum General Property https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/ Mon, 30 Sep 2019 05:56:28 +0000 Analysing the deal – number two.

In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.

You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/

The house is a 3 bedroom house, 1970’s build. In the e…[Read more]

]]> 0be2c7c45b4ae77b29ff54e00414e7a8 Tom started the topic Analysing the deal #2 in the forum General Property https://www.propertyinvesting.com/topic/5056137-analysing-the-deal-2/ Mon, 30 Sep 2019 05:56:28 +0000 Analysing the deal – number two.

In this overview I will talk through a property I did purchase. For future readers this overview was written in September 2019.

You can read an analysis of a property I didn’t purchase here https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/

The house is a 3 bedroom house, 1970’s build. In the e…[Read more]

]]> 145932cb22cc658fdee28f1073a1740a Tom replied to the topic Analysing the deal in the forum General Property https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/#post-5056125 Sun, 29 Sep 2019 09:42:13 +0000 Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

]]> a03951e04ba4da9a3a30f6e38a97da8b Tom replied to the topic Analysing the deal in the forum General Property https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/#post-5056125 Sun, 29 Sep 2019 09:42:13 +0000 Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

]]> 76b115996484778a51f0f6f401f41979 Tom replied to the topic Analysing the deal in the forum General Property https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/#post-5056125 Sun, 29 Sep 2019 09:42:13 +0000 Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

]]> cc1c8c0a1ed936fe1d3716ef3fe5c2e1 Tom replied to the topic Analysing the deal in the forum General Property https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/#post-5056125 Sun, 29 Sep 2019 09:42:13 +0000 Hey Ian, that’s an interesting question.

Firstly I have determined weights for my investing portfolio of 50% real estate/50% shares. My cash/bonds component can be as high as 50% depending on what is going on with my life (maybe I just bought a new home I live in, so I want to reduce non-tax deductible debt and sit a bunch of cash in an off-set…[Read more]

]]> 2d654b056a8fdf8e2e06292c69789514 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/page/2/#post-5056110 Sat, 28 Sep 2019 09:50:24 +0000 Thanks Ian, having now purchased 2 of these units (over 55’s), a 3 bedroom house and a 2 bedroom unit (in a little complex of 12 units) over the past 2 years, I think it is important to diversify one’s real estate portfolio. The over 55’s get a higher rental yield, and these older tenants pay on time and are really the best tenants, they really…[Read more]

]]> fb7ac3130bef15dfe830f5ab52349624 Tom replied to the topic Investment Detective Replacement Software in the forum General Property https://www.propertyinvesting.com/topic/5055124-investment-detective-replacement-software/#post-5055130 Mon, 12 Aug 2019 05:08:02 +0000 I just use an excel spreadsheet. The investment detective software no doubt has a bunch of lines that you fill in (itemising costs etc). If you just list these lines into a spreadsheet you should be able to provide your accountant with the same information you already provide them.

]]> acd80787c1064a2546e986683300a3ac Tom replied to the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/#post-5054914 Tue, 23 Jul 2019 23:07:38 +0000 I have outlined my process of analysing an deal in the following discussion https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/

]]> bf95f1cd2c84c0cc360878aa198151e0 Tom started the topic Analysing the deal in the forum General Property https://www.propertyinvesting.com/topic/5054913-analysing-the-deal/ Tue, 23 Jul 2019 23:02:16 +0000 How to analyse a deal is, well, a big deal!

No doubt there are as many methodologies as there as investors. I will outline the process I undertake on a property that is on the market now (July 2019). (Listed at https://www.realestate.com.au/property-house-qld-dinmore-131286374)

This house is a solid brick, 3 bedroom, 1 bath, 1 carport on 550sqm…[Read more]

]]> 739344cf296b02be0ee0ca713526cceb Tom replied to the topic How technology is impacting property investment in the forum Creative Investing https://www.propertyinvesting.com/topic/5041164-how-technology-is-impacting-property-investment/#post-5054773 Wed, 10 Jul 2019 05:20:10 +0000 I thought the rental sector has been one of the biggest radical disrupted sectors, what with Air B&B and the like.

]]> 6417ff202235c95a0765bea5e0d2a0df Tom replied to the topic Thankyou Steve Mcknight ! in the forum General Property https://www.propertyinvesting.com/topic/4410441-thankyou-steve-mcknight/page/2/#post-5054735 Tue, 09 Jul 2019 01:13:08 +0000 Hey Darryl, how has your portfolio weathered the last 12 months of price deflation? Have you experienced any negative equity?

Have you had some free cash to purchase properties in the past few months?

]]> fee3446807155a1d7743e1f2e1bbcfd9 Tom replied to the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/#post-5054734 Mon, 08 Jul 2019 23:41:26 +0000 Hey Rich, out of interest which part of Melbourne are you considering purchasing in? Which part of town would you consider living in yourself? Would you like a townhouse, unit, duplex, detached 3 bedroom house?

I will take a real example from your area and apply the analysis I complete when considering an investment, so if you have one you like…[Read more]

]]> 9cf99a6272c4bffa9accfb7e93493dac Tom replied to the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/#post-5054725 Mon, 08 Jul 2019 01:00:08 +0000 Awesome, thanks for the additional info.

Firstly congratulations on setting yourself up so well to start investing, having no major debt is a great achievement. Having completed a balance sheet, cash flow statement and knowing your net worth means you are already ahead of the pack… well done.

My first bit of advice to everyone who is…[Read more]

]]> 5b817f7e51d5ff45cc49b73adaecd1ec Tom replied to the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/#post-5054721 Sun, 07 Jul 2019 23:47:33 +0000 Rich, I would need a little more information from you to provide any type of advice, such as:

1. What are your investment goals (such as: own 1 investment property, achieve a certain income goal from investments)?
2. What is your time frame (5 years, 20 years etc, this will make a big difference)?
3. What is your level of investment knowledge and…[Read more]

]]> 428633f2c9ac3af7238c7217d93d6620 Tom started the topic Where to start? in the forum General Property https://www.propertyinvesting.com/topic/5054720-where-to-start-41/ Sun, 07 Jul 2019 23:30:28 +0000 I received this message in my members inbox, and thought it would be best discussed with all forum members…

Sent by Chambo00
Hi Tom,

I hope this message finds you well.
I read your member story post and it is quite impressive…well done to you.

I wanted to send you a message because I am looking at investing and I want to start doing it A…[Read more]

]]> 6cf3d258cfd9a5a105e30c6b8607af7a Tom started the topic Financial Sustainability in the forum General Property https://www.propertyinvesting.com/topic/5054113-financial-sustainability/ Wed, 19 Jun 2019 05:32:39 +0000 An investment model should have one ultimate goal, to generate sufficient revenue to continue to operate without eroding the asset base.

The major recurrent sources of finance (revenue) available to Mum and Dad investors include:
• Wages
• Rental income
• Dividend income

Other investors could list a variety of sources, such as business incom…[Read more]

]]> 180541b5831b4851c8fcdf3bc297a566 Tom started the topic Where to start - A member story in the forum Forum Frolic https://www.propertyinvesting.com/topic/5053304-where-to-start-a-member-story/ Wed, 29 May 2019 01:09:13 +0000 A question that is often asked in these forums is ‘How do I get started in investing?”. I thought it would be interesting to share my journey, it’s a story of the slow burn approach to wealth accumulation, but the snowball has grown to a sizable value.

I turned 40 this year which is a milestone in life. Another milestone I achieved was clock…[Read more]

]]> 1f0c92bb2a0db9f554d9e64f7085bb7b Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/page/2/#post-5053112 Mon, 27 May 2019 02:07:09 +0000 A little update on the over 55’s investment. We have now purchased a 2nd unit, again for $86k, it is also tenanted for $220/w. Both of our tenants are very happy with the complex.

On the topic of tenants, both units have tenants over the age of 80 in them (a single in one unit and a couple in the other).

At this age the expected tenancy period…[Read more]

]]> 99f6af1e9fabeae7515ee25c46cf3b3d Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/page/2/#post-5047910 Wed, 05 Sep 2018 22:03:35 +0000 We sure did Kengw022. We purchased for $86K (220/w rent). It has been great, the tenants are great (we self manage), it was positive geared in the first FY as expected (we made $1,500 above all costs, including financing, rate, body corp etc).

The last two units in the complex have sold for $95K each, so that represents a 13% capital growth in 12…[Read more]

]]> 49067819670a82694ccf03f0c52613eb Tom replied to the topic Betting on the house in the forum Opinionated! https://www.propertyinvesting.com/topic/5038897-betting-on-the-house/#post-5038903 Mon, 21 Aug 2017 23:17:20 +0000 I think the couple are doing a great job too, maxing out one’s lending capacity is quite a popular investing methodology.

My investment goals differ somewhat (not better or more right, just different), but if all goes to plan for the couple in the show they will end up much richer than I, and I think they deserve to rewards.

The topic of the…[Read more]

]]> daf3848095220fe8dc6cf99de983ef38 Tom started the topic Betting on the house in the forum Opinionated! https://www.propertyinvesting.com/topic/5038897-betting-on-the-house/ Mon, 21 Aug 2017 12:10:07 +0000 What did forum members make of the 4 Corners show – Betting on the house?

The episode description reads “Australians are carrying more personal debt than ever. We hold the second highest level of household debt in the world. Michael Brissenden investigates the forces driving our debt fuelled housing boom and the risks it poses”.

I was fascinated…[Read more]

]]> 7112bf06aeb31585ba8742ee261f59f3 Tom started the topic Betting on the house in the forum Opinionated! https://www.propertyinvesting.com/topic/5038897-betting-on-the-house/ Mon, 21 Aug 2017 12:10:07 +0000 What did forum members make of the 4 Corners show – Betting on the house?

The episode description reads “Australians are carrying more personal debt than ever. We hold the second highest level of household debt in the world. Michael Brissenden investigates the forces driving our debt fuelled housing boom and the risks it poses”.

I was fascinated…[Read more]

]]> a6a909bb5a299773ccddb2b05ec78e12 Tom started the topic Betting on the house in the forum Opinionated! https://www.propertyinvesting.com/topic/5038897-betting-on-the-house/ Mon, 21 Aug 2017 12:10:07 +0000 What did forum members make of the 4 Corners show – Betting on the house?

The episode description reads “Australians are carrying more personal debt than ever. We hold the second highest level of household debt in the world. Michael Brissenden investigates the forces driving our debt fuelled housing boom and the risks it poses”.

I was fascinated…[Read more]

]]> 39b5e3223c4d59a76b34fd57a31c66cd Tom started the topic Betting on the house in the forum Opinionated! https://www.propertyinvesting.com/topic/5038897-betting-on-the-house/ Mon, 21 Aug 2017 12:10:07 +0000 What do forum members make of the 4 Corners show – Betting on the house?

The episode description reads “Australians are carrying more personal debt than ever. We hold the second highest level of household debt in the world. Michael Brissenden investigates the forces driving our debt fuelled housing boom and the risks it poses”.

I was fascinated…[Read more]

]]> ffdb0f2586c05272dedd08a147297ef0 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038858 Fri, 18 Aug 2017 03:18:02 +0000 I like the way you are thinking Benny. 42% the median rent for working families could be considered a soft limit.

Next step: ascertain the median rent in the region.

]]> d2523924b735fd31bdfb117a49cc1929 Tom's profile was updated https://www.propertyinvesting.com/activity/p/363165/ Thu, 17 Aug 2017 21:06:19 +0000 89914609f12fb05e82ef0044d8adb37b Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038840 Thu, 17 Aug 2017 13:39:26 +0000 I found this explanation of how pensions are indexed:

Indexation
Base pensions are indexed twice a year, in March and September, to reflect changes in pensioners’ cost of living and wages. The pension is increased to reflect growth in the Consumer Price Index and the Pensioner and Beneficiary Living Cost Index, whichever is higher. When wages g…[Read more]

]]> e171eb0ae2956234dffada522175b8e4 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> eafd8080ef70b808750485578037961d Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> c8a5abbdd4d5f2420fc0bff7dd186ab9 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> 1c42b7b734403e354c50809e68b6d944 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> 77154083415e669b65648839b2c77e72 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> 60484db7d11c63b1a0bd0abdd8705bea Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038836 Thu, 17 Aug 2017 13:27:08 +0000 The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

]]> 4c124a0f753b31de3d20af886a75d15c Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038832 Thu, 17 Aug 2017 09:45:50 +0000 On the question of rent as a % of pension.

Aged Pension (over 65) – weekly pension rates
Single $404
Couple $609

Rent set at $220/week
Single – rent = 54% of pension (49% when rent assistance included)
Couple – rent = 36% of pension

Rent set at $240/week
Single – rent = 59% of pension (54% when rent assistance included)
Couple – rent = 39% of…[Read more]

]]> 588c6cea7fcea65f48f00ca0d88d104a Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038832 Thu, 17 Aug 2017 09:45:50 +0000 On the question of rent as a % of pension.

Aged Pension (over 65) – weekly pension rates
Single $404
Couple $609

Rent set at $220/week
Single – rent = 54% of pension (49% when rent assistance included)
Couple – rent = 36% of pension

Rent set at $240/week
Single – rent = 59% of pension (54% when rent assistance included)
Couple – rent = 39% of…[Read more]

]]> 2455acad8ad1a9aaf204f3690cc97ce4 Tom replied to the topic Over 55's Complex - Deal or no deal in the forum General Property https://www.propertyinvesting.com/topic/5038708-over-55s-complex-deal-or-no-deal/#post-5038832 Thu, 17 Aug 2017 09:45:50 +0000 On the question of rent as a % of pension.

Aged Pension (over 65) – weekly pension rates
Single $404
Couple $609

Rent set at $220/week
Single – rent = 54% of pension (49% when rent assistant included)
Couple – rent = 36% of pension

Rent set at $240/week
Single – rent = 59% of pension (54% when rent assistant included)
Couple – rent = 39% of…[Read more]

]]>