yes crashy that leverage things works both ways , sadly we have many punters and industry gurus who havent lived through a downturn as an adult. Anything less than a boom feels like a catstrophe for some of those people.I am a B(just), BTW
"Statements like that just make people not listen to you even more than we already don't"an absolute nugget Marc, we really should have a quotes of the week/month thread….thanks for this you have brightened my day, something unexpected coming out of the armageddon thread.
maybe its just me but I would be taking the CF+ road and would avoid any signifcant gearing against my PPOR……I doubt you will be looking at a high capital growth environment for quite a while now. Using the inherited place you could easily borrow into another place for a small contribution from you both and possibly have a nicely bal…[Read more]
I think what you pay for in management fees is not running things while eveything is going well, its dealing with the issues when things go pear shaped. In that case personally I would rather have an intermediary to issues notices , attend tribunals etc. and deal with the occasional attention seeker. That suits me as I dont have much spare tim…[Read more]
Water rates may be included in the BC charges also, depends on your State and the metering setup (per unit or per complex). With the one unit we hold (VIC) the BC pays all water charges. The only other item may be landlords insurance if you go that way to protect contents and loss of rent.
I'm one at a loss as to where the property market is heading wages have certainly not kept in line with the increase in property prices, add in petrol and general living expenses. Now we have interest rates at the highest in years, and even if the Reserve Bank start dropping official rates will or can the Banks with funding costs…[Read more]
well share your research with us scamp where do you get your numbers from?within 500 meters of my house there are 3 empty houses … the are being developed into multi unit sites. There are many reasons a place may be empty.In another thread you said that sellers are moving out and renting there places while trying to sell, now you say the…[Read more]
I just sold one of my investment property within two months and made a good profit. I have another property for rent and I thought of selling it at the end of the year. ( it will be 12 months then) I borrow 60% of the purchase price, with all the price falling I am safe to keep this property??? I need to wait 12 months so I wont…[Read more]
No experience with NZI lived away in Europe for a while and it was the worst of both worlds. Income in Oz (rent) was basically taxable at the witholding rate, mid range rate. Property held in Oz was counted in my total "fortune" as they called it in my host country and I got taxed on that (thankfully paid by my employer). I expect NZ will…[Read more]
asdf : Like I explained already : Rents are heading down, not up. Houses can't sell….. sellers think.. oh my god I can't sell.. might as well rent it out while I try and sell… more rentals up at discounted prices… oh.. wait… rent is heading south. Quite easily predictable. You can ignore it, but that won't make it…[Read more]
Interest rates won't fall… It's a hoax, just like all the spruiker stuff the real estate agents post. Even *IF* RBA lowers interest, the banks will keep rising them anyway, so the situation will only get worse if the RBA drops interest rates. Have a look in USA. 2% interest rates.. lol.. and we all know how much THAT helped them…[Read more]
there have been a few reports now that the RBA may start to consider the downside, each lobby group raises the prospect as their area suffers…housing starts, retail sales etc. It will probably happen but the reaction of the banks will be interesting when it does.
The only problem I had with evaporative cooling was initially my ignorance on how it works. We were closing up the house as you would with aircon, which was exactly wrong. You need to crack open a few windows to maintain airflow and stop humidity rising. Brands I dont know as we dont have it anymore.The renos would add attractiveness or sale…[Read more]