I dont believe there are any tricks. Although be careful on this site, you need to determine what is best for you.
Ask yourself a few questions? Who are my tenants?Where are they coming from? Where do they want to live?
It is no suprise that the next shift is to Melb/Syd CBD’s. All of the idealists dont want to admit it because they…[Read more]
I always find the mathematical equation of 10.4% amusing. 10.4% of what? Am i the only person that reads this and laughs?
e.g 10.4% x $100K = $10.4K
10.4% x $400K = $41.6K
The reason it is irrelevant is the expenses and not relative to buy price. Rates of $1200p.a is over 1% for the $100K property and less than 0.25% for the $400K…[Read more]
Australian Property Planning is one of my companies competitors and i have only heard good things. They have been around for a long time which is a good indication. Always do your own research for your own comfort ,
Wholesale Property Brokers
I am not a mortgage broker , however i can highly recommend a Melbourne broker , they are based in Camberwell . They have investment analysis software , and specialise in investors. Contact details are 9882 3400.
Wholesale Property Brokers
the “ramifications” are the vendor is able to sue for all damages, including and not limited to legal costs. They can charge interest on the contract shortfall at the prevailing penalty interest rate, which i believe is currently 13.25% , many developers add a clause to charge an addittional percentage above this amount 4% extra…[Read more]
A few tips. The most important thing to focus on , is to pay down non deductible debts first. eg. principal place of residence, car loan , personl loans , credit cards (should target highest cost and interest rate first,). Any excess funds arrange an offset account, to minimise interest costs , but still have the flexibity of utllising your…[Read more]
what did you invest for when you started?
Was it cashflow or capital ?Judging by where you have invested , i would assume cashflow, this will not happen agian within the next 5 years , if you want the capital , i suggest you cash in whilst you can
you have kids . Dont change your family home for the sake of investing , it should never affect your lifestyle.
The concept of property is all about leverage , use your equity to reinvest. Just buy well.
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This is the case across Australia, it will only increase as it becomes more difficult to get places in schools. Even in outer suburbs close proximity to private or high performong public schools acheives a premium.
In Asia it is considered an exclusive education to attend an Aussie school . I must have missed those highlights.[blink]
make sure you finish your studies. You will always have that to fall back on and no one can take that away from you.
With reading the books and talking on line , it is great to have a forum to talk to like minded people, but dont lose sight of the fact you must experience these scenarios yourself.
Notice the highlight of Duckster was…[Read more]
i have enjoyed many of your posts , but many also are very negative. i do live in Melbourne , but thankfully not in the Western suburbs , because i may have to drive over the Westagete bridge (huge bridge ~ for those not aware) and would be tempted to jump.
Has all of this built up negativity given you analysis…[Read more]
Originally posted by lifeX:
TONY WJB, may i cal you wazza. I read your posts and thought “GEE , this guy seems down to earth.”
Then, I found out you were a sparky…. you lazy SOB!”
I’m an electrician too…. and hence disregarded everything you spat out your gab. You are over…[Read more]
I have been a full time property investor for over 10 years (ex sparky). Great area to start. What made you choose Ringwood? It would be well worth looking into subdivision. Contact FR Perry and Assoc, they are a great town planning company, i can hihgly recommend them. You can contact Alistair Perry via email on…[Read more]
Hi ogilivy ,
what suburb is this property in ? What is the population?
I agree with elkham and crj, you could offer a long rent free period but a premium on rent , i would suggest a 3 x 3 lease. Be very careful with commercial leases , there has been precedent law cases of non dislosure of outgoings and the tenant claiming the full rental as a…[Read more]
there are plenty of properties in melb and syd that are cashflow positive. You should look at close to the CBD’s , they are difficult to sell at the moment.(good for buyers) Also they are easy to rent, people are paying serious premiums on rent , there are numerous opportunities. You dont need to offer close to what people are asking.…[Read more]
Originally posted by natrogers:
Great points. Im still not sure on Sydney long term.
However a year ago many people in here where boo-hooing Perth. I bought in anyway and am happy. Now more people here are even more concerned about Perth but donâ€™t check the facts. I admit with many expects here. You have many people on the east coast beco…[Read more]
Originally posted by foundation:
Victorian average rateable value 1891 = 500 pounds.
– at 10% (doubling every 7 years) that would be 32.768 million pounds, or $65 million in 2003 dollars.
– at 7% (doubling every 10 years) that would be 2.048 million pounds or $4.096 million dollars in 2001.
Nowhere near reality.
Hi F ,
where is this average…[Read more]
This is exactly what I have been looking for with this thread. Can someone name these lenders?
This is a full doc loan.
Hi adam ,
i am a full time investor and can highly reccommend this broker, call Mike Wood on 0409146817, he does loans in WA and all across Australia, he will be able to fix your problem but i doubt he…[Read more]
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