yadda yadda yadda yadda. Not sure i believe a word.

If you belive the property will grow over the next 5 yrs – then keep it. Growth is the key.

This is how I would justify it over a 5 yr period.

Growth is $55255

Rent is $52000

Costs are $88500

Nett Costs $36,500

Tax benefits (assume highest tax rate) approx $18250 ($36500 * 50%) ie. a fat tax refund every yr of $3650.

Depr – lets assume…[Read more]

It seems this thread is very Subjective.

Does not matter which is beter – do whats best for you.

There is alot of static out there in the world from stock brokers, financial consultants and the superannuation industry who benefit from commissions and management fees on shares bought and sold.

Trying to be objective. The main benefit in my view…[Read more]

Yes – thats how I buy my next property. And yes it does mean your repayments go up. I cross collaterise so I have a new loan and we just use the security of the old property to secure the finance for the new one. But you need to have increased equity in the old property. It takes time, a renovation does not necessarily result in enough equity…[Read more]

Me – i would be more concerned about capital guarantee and security. I would stick to the big 4 aussie banks. I dont know enough about ING and Citibank eventhough they are huge internatiomnal banks. But i do recall that building society back in the 1980’s that crashed and a mate of mine had his housing deposit stuck there. He had to…[Read more]

Welcome

Start searching these forums. This question has been asked many times. At least weekly.

I personally dont have an answer for you except, you gotta start looking somewhere. In my opinion your 5 yrs too late to find too many positive geared investments esp in Vic.

I believe in doing what is fair and equitable.

Life is a negiotation I reckon. And the happy median is what is fair for you and me. I hate the expression win/win as its been hijacked by all those spruikers but thats fairness.

Something where we both can walk away and feel satisfied.

<<<I got the last copy and it’s now worth $400>>>

Maybe to you – but not me.

Why do you carry cash? I never have more than $100 in my wallet. All my property transactions are done automatically and I am paid straight into my bank account.

Bad luck just follows some people.

Hopefully an honest atxi driver will come a knocking. I lost a good camera once in the back of a Taxi and never saw it again. Shit happens.

<<<<I just don’t trust the migration figures that are being churned out at the moment.>>>>

I dont know about them either. I sometimes think that we are getting more people coming into the country than is stated. With all this One Nation and people not too keen on new migrants etc.

I feel there are more than actually stated. But then again – I…[Read more]

I reckon you are doing nicely. I would stick to what you are doing. Sounds like you are investing the Jan Somers way. I agree with her way.

I would stay away from rural regional and as Jasn Somers says – you buy your next property when you can afford it.

Me – I have used equity in a property for my next purchase – so its important to see what…[Read more]

GREAT ARTICLE – A MUST READ. Another reason why I dont ahve any rural/regional properties.

Rural population decline is a trend across Australia and in many other countries.

Tony Sorensen, environmental expert at the University of New England, says the issue is beyond the control of governments and has more to do with technological developments,…[Read more]

My only suggestion is that 90 days is a long time. Alot can go wrong in 12 weeks. Jenman suggests 7 weeks. thats enough. My brother signed for 90 days – they had a sort of fall out – the agent was a ass and it just stayed on the market and the agent did nothing.

As for price. I sold a property about 4 weeks ago and got more than our initial…[Read more]

Have a look at http://www.jenman.com.au

Its not gospal and I dont suggest a jenman agent but have a look. It will make you more aware of some of the problems in selling and what tricks some agents may get upto.

I said <<<<100k people a year net migration>>>

You said <<<<For starters they do not reflect migration out …yes it happens. >>>>

My figures are rough and net means in less out – i am not really into statistics.

Dont forget population growth. As property investors we should welcome as much immigration as possible. I am not sure of the figures but I think on average we have about 100k people a year net migration into our great country.

This has also helped the Boom.

SIS – can you confirm? If it is you I will go out and buy a copy.

Lets not confuse business owners with Share traders and share investors.

Can I tell you a story.

I grew up in Mentone and attended schools there. When I got my licence 1983 – we went away for a canoeing weekend and had to pickup a canoe from Aspendale. I thought what a shitty area. Now I live around the corner and always drive pass the house where I picked up the canoe.

So back in 1983 i never imagined I would be…[Read more]

Hi Mini

I would love to compare notes in 5 yrs time. Lets say Aug 2009.

Lets compare where your at and where I am at in Aug 2009.

If I am going to renovate a property I would rather a return of $70k on a surburban property than a $20k return on a rural property.

I am gainfully employed and can afford to buy growth properties that require some…[Read more]