why do you think nobody else does their research?just because we dont have the same perspective or communicate in the same patronising ranting style does not mean we are ill informed

ormeau wrote:
Wow wee, I'm a doomsdayer extremist? Well what do you know? So you guys are the resident experts on energy then? Well now that makes me feel all warm and fuzzy inside. So we are going to replace 48% of agricultural fossil fueled based production cost with some market driven magic bullet then yeah?We are going to bulldoze all the h…[Read more]

yes we blokes can be very unimaginative at times (but we can lift heavy things and have other endearing qualities).   The situation was the same for us with our PPOR.  My wife picked it,  I wasnt keen (just saw the work,  and there has been a lot of it) but its worked out fine.If the property is to be negatively geared you need to check out the…[Read more]

agree with your reaction to the doomsdayers,  they tend to look at one side of the equation (the problem) and never acknowledge developments on the other side.   Peak oil will change everything,  transport fuel is only part of the issues as petrochemicals are embedded in most of western style civilisation.  However people arent sitting on thei…[Read more]

hard to respond with so little information.   Sounds like you have looked at the overall property market and are OK to buy in.  If the situation is as you describe it you are probably more likely to succeed than fail.  From the info available I see to two potential areas to consider.   Firstly you need to have a feel for reno costs to get the pro…[Read more]

tch wrote:
yarpos,You mean landlord insurance? Not compulsory but I'll have to look into it with such a decent rental return, and in that case, I'm sure they'll check these points. Have to verify even if they've got a bond down.

yes I meant landloard insurance.  The overall policy can cover structure and contents, not just rental…[Read more]

whispermoondancer wrote:
hello all. i am reading steve's book at present, and have been looking for a property using the 11 second solution.the average rentals in kingaroy qld, for a three bedroom timber house are $195 – $ 250 per week.  Current asking prices for these houses start at $230,000. and go as high as you could pay. using the above f…[Read more]

check insurance cover if you are having it.  some companies have issues with number of tenants,  and/or number of leases,  and/or minimum length of leases

tch wrote:
I've checked out a 3 bedroom house recently with a shabby but separate 4 bedroom student accomodation unit at the back (which ressembled that house the community built for the Simpsons in one episode with mistakes everywhere!). I have a few reservations. If I factor in the P&I repayments/rates/stamp duty etc with the current rent…[Read more]

Scamp wrote:
Would this have anything to do with the marvellous plan to upgrade the road infrastructure. Let me remind you : – people living in brisbane will pay for it ( 9% is just the start )- massive traffic jams for at least 5 years to come after building works start.Brisbane is not the place to be right now.

yep , all you folks in Brissy…[Read more]

Scamp wrote:

Maxxi wrote:
if you understand mortgages well then you will know that the Serviceability ratios for purchasing/lending are between 4-6 to 1 depending on O/O or Investment Property.  Therefore, it's not the $50K income earners that are driving the market.  And …. all of those that cant get into the market are long term r…[Read more]

Scamp wrote:

Jon Chown wrote:
Scamp says.These are interesting times, especially when you think a lot of property investors have 20 (!!) properties or more, all NEGATIVELY geared of barely above 0According to the ABS of the approx 2million Investment properties in Australia, 90% are owned by people who have only one investment property and…[Read more]

well I read it and I dont think my life has changed as a result.   What were you reading into this to generate the excited subject line?

blogs wrote:

ormeau wrote:
Its okay, we are all saved! Kevin Rudd has asked OPEC to increase oil production (guess he thinks he has a better relationship than GW) and he is going to change the government car fleet to hybrids! Yeh Yeh 3 cheers for Kev

lol the guy is a complete joke!! If he was really concerned about reducing fossil fuel use…[Read more]

Scamp wrote:
gmh454 : Thanks for the update. It's nothing new to me, it's something that comes and goes. The last auction results are in , and there's a clearance rate of 11%. We're in a very special market nowadays : We're in a buyer market, and there's no buyers.gmh, can you elaborate on what will happen to someone who is in the kind of…[Read more]

there really are so many variables it hard to way a specific place may be slow to let……..property quality, location, rent levels , tenant qualitynot in your city but we have had no gap in rental for one outer burb property (re let without a gap 6 months ago) and we had people visiting on the last day of a reno (Melb inner north) and it let the…[Read more]

basically the bank is willing to lend you another 150k secured against the value of the house (equity is not based on what you were offered but what the bank values it at , usually more a conservative value and especially these days)So say you want to but another place for 300k.  If the bank agrees with that value they would normally lend up to 80…[Read more]

congratulations on your purchase,  we bought in Franston a couple of years ago and so far its been a good story.for a quantity surveyor to due the inspection and provide a deprec schedule $500 is about the going rate.  Remember you can claim this as an expense come tax time.   We used CMR Associates  1300 131 658 who provided a professional no f…[Read more]

soloinvestor wrote:
any transaction that shows no real business purpose other than manipulating tax will draw ATO attentionon the other hand you have to draw the short straw and get audited……..just choose you own comfort level re risk/rewardHow is this transaction manipulating anything?  They are not doing it to manipulate tax, they are…[Read more]

Scamp wrote:
Regulation isn't the answer, who told you that anyway ?Dont worry the central banks control Australia,If banks cant lend they will go out of business, do you think that is what Rudd wants, do you think he would be permitted to do that ?

I don't say banks can't lend. I say banks can't lend unrealistic amounts of money anymore. I…[Read more]