Why its property and only property for me –

1. Look at the friends of your parents. All the ones who drive nice cars and live in beautiful houses have invested in property.

2. Property generates a higher value return. With my initial investment of $10,000 I can generate a greater return on property than shares.

Here is an example. You buy a…[Read more]

If everyone is selling at the same price – why not just sell at a lower price than offer a holiday or TV etc.

<<<<As I said sometime something has to give>>>>

I agree that something has to give. In my opinion its gotta be House prices. We are at historical Highs. House affordability is worse than when interest rates were at 17%. Property yields are too low. Household debt is too high.

For the benefit of the economy and the people in it, its best to…[Read more]

I have read his Book and enjoyed it.

Basically he is into renovate and hold properties and in between trade shares and options to supplement income to buy more properties.

I like his property side of things but I am not into the trading of shares and options. Too hard for me.

I saw the other thread and I would love to receive a $5k holiday/gift when buying a property.

The issues I have are as follows;

1. Your paying for the gift anyway. Someone had to pay for it so its built into the purchase price of the property.

2. Are there any tax implications? My guess is that there would be. eg. Price of Property $250k,…[Read more]

<<<If you continue to stifle inflation by messing around with interest rates and not leave things up to market forces, sometime something has to give.>>>>

Market forces are not perfect. What every government wants is to have an economomy that grows at a steady low rate.

To achieve this, you may need to tinker with interest rates. Thats one of…[Read more]

My advice would be to see an accountant. I assume this unit is not your PPOR – You do have a capital gain of $70k which means you have to add $35k to your salary.

So in effect you will be paying tax on a taxalbe income of $61k.

However if you have another investment property there may be deductions that could come off your taxable income.

Go…[Read more]

Wayne

I had a look at your graph. Thats why we need to be conservative and make sure that we can afford to keep our properties if interest rates rise. It no good borrowing too much. Its all the more reason why we need to save a sufficient deposit before making another purchase.

You better check with your accountant – as you only had the property for less than 12 months you may be able to offset the loss against other income as you may not be able to carry forward the loss against future capital gains.

I am not expert – so go check.

Is the body corp run by an owner of one of the units or a body corp company?

Its the market that determines rent.

You need to get independent evidence to present to the property manager. Its a little difficult being far away but you need to see what rent other properties with your features and in your position go for.

Maybe you can gather this from realestate.com.au

Thats how i present my rent increases to a property…[Read more]

I get newsletters from http://www.wiseinvestment.com.au/htm/default.asp and the property investors club sent me a monthly newsletter.

Please note – i read the newsletters because i have a passion for property but I would never buy property from them.

They are property marketers, so I always take some of their articles with a grain of salt.

I…[Read more]

I have no idea either. Maybe many people think that they can get positive cashflow in Tassie and thats all there is to investing in property in the long term.

I dont expect that to continue. We will get back to fundamentals in a few years. Tassie will show little if any growth, as interest rates rise recent investors will question whether the…[Read more]

Yes – everthing has gone up over the last 2-3 years – even rural areas. Even those beach huts (dog boxes) on the beach.

It does not mean it will continue – land is more scarce closer to the city and over the long term, growth will be higher than new estates where the farmland next door will get developed over time.

If I had money to INVEST I…[Read more]

I personally dont like new housing developments on the outskirts of a major city. The closer to the city you can invest, will result in better capital gains in the long run.

Well Done. Congratulations.

The reason I use this forum over say somersoft is because its easier to navigate, its easier on the eyes and it looks good.

Congratulations Steve and team.

I dont invest in towns for the reasons given by greatpig – I want to be able to sleep at night.

The conditions outlined in the book are from the past and not in todays environment.

I recall when I could have bought a house in Nth Frankston for $60k and rent out for $120 per week. That is not the case today but was in 1996/97.

<<<<I think you can over-think interest rates. A very knowledgeable and high profile economist once told me to forget forecasting exchange rates and interest rates – no one knows. >>>>

Good points – its just that interest is my largest expense and forecasting interest rates helps in deciding whether to invest further now or later.

I hope you did not interpret my advice as abusive.

I have only sold two properties before. My PPOR and one investment property.

And I too found it very frustrating and stressful. Hang it there and refer to this thread later.

Wilandel

That probably was not wise. I believe that as part of the MAP you will achieve what Steve McKnight has set out to do – ie. make you a millionaire.

Dont devalue your credibility by having a slanging match with Jenman.

Where does that leave you in the eyes of independent people like me. I think Jenman has some substance and I also…[Read more]