PropertyInvesting.com | zen1 | Activity https://www.propertyinvesting.com/members/zen1/activity/ Activity feed for zen1. Sat, 11 Apr 2026 20:31:47 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 801cd1180fdb5d35cbaeb17d2d067f5e zen1 replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/12/#post-4548654 Tue, 07 Nov 2006 08:35:30 +0000 I have a question that I can’t get an answer so far.
How is the affordability level in Perth? Is it historically at a very high level or still have a bit to go?
I quess China can go bust but can also pick up. I feel the prices have gone stupid but that could be because I am not used to it. But then again probably it has gone stupid. Personally I…[Read more]

]]> 5706fc60e6a145cf3caa7e8084020765 zen1 replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/11/#post-4548638 Fri, 03 Nov 2006 16:41:53 +0000 You left something out.
Mr McNamara said the huge rises experienced by Perth were clearly unsustainable, with APM predicting the Perth and Darwin property markets will reach their peak in the December quarter 2006.

http://www.news.com.au/business/story/0,23636,20694335-37037,00.html

]]> 4ec213a4fb8f396c494fc3c2818e1981 zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/11/#post-4548631 Wed, 01 Nov 2006 07:52:01 +0000 I am not disputing 100K is not common simple saying newly grads salary. I personally wouldn’t call someone with 3 years experience a newly grad.
My wife works for a gas and oil exploration as an accountant for many years. i don’t think she will agree with “the newly” grads salary.

Anyway, the issue I have is the level of affordabilty, low yield,…[Read more]

]]> 8d75c8922a7ae0763e27d71cc391359a zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/11/#post-4548629 Wed, 01 Nov 2006 05:20:28 +0000 * Wages are now high across the board – situations such as recent accounting grads are now getting paid 100k, not just the “laborers and miners” you read about.

I live in Perth and don’t think accounting grads are earning anywhere near 100K. It’s always an exception.

Another think that always makes me wonder. If the demand is so high why then…[Read more]

]]> 1a906c9a3dc01a69c4e1721fae926c0e zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/11/#post-4548628 Wed, 01 Nov 2006 05:19:52 +0000 * Wages are now high across the board – situations such as recent accounting grads are now getting paid 100k, not just the “laborers and miners” you read about.

I live in Perth and don’t think accounting grads are earning anywhere near 100K. It’s always an exception.

Another think that always makes me wonder. If the demand is so high why then…[Read more]

]]> 0ac53ac5adffadf0cf9fba82ae2110a7 zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/11/#post-4548627 Wed, 01 Nov 2006 05:17:57 +0000 * Wages are now high across the board – situations such as recent accounting grads are now getting paid 100k, not just the “laborers and miners” you read about.

I live in Perth and don’t think accounting grads are earning anywhere near 100K. It’s always an exception.

Another think that always makes me wonder. If the demand is so high why then…[Read more]

]]> de1d2f3c25cb6e2f8012fda71cdb6f52 zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/10/#post-4548622 Fri, 27 Oct 2006 02:23:44 +0000 If it doesn’t then they will just keep coming.

Does WA has that much impact on the RBA decision to increase IR? The property market in WA has gone silly but the inflation figure does not include property prices.

]]> fd1485f912b40643efd7faebfed4e860 zen1 replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/10/#post-4548617 Thu, 26 Oct 2006 02:59:56 +0000 What do you think will happen to first home buyers if IR goes up again?
The theory is it will make it even harder for first time buyers. It does make sense. But do you think the IR increase will push the prices down to even it out? Now media even talking about double IR increase, next month and early next year.
I don’t know if it will have a lot…[Read more]

]]> b4c1da7da2235a87588d05d5a1c85d52 zen1 replied to the topic Convinced her, now have to convince father. in the forum No Subject https://www.propertyinvesting.com/topic/4387103-convinced-her-now-have-to-convince-father/page/2/#post-4556069 Thu, 19 Oct 2006 09:30:37 +0000 Code:
For example, he argued until he was blue in the face one night that if you insure your $200K house for $100K and it burns down, the insurance company will pay out the full $100K. I tried to explain about under-insurance but HE KNEW BEST. I worked for a bank at the time and my brother was in the insurance area of the bank, but what did I…[Read more]

]]> 9d1bbbe863c167dc3b777bb02dffc3d3 zen1 replied to the topic Owwww .... That's gotta hurt !!!!!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4387095-owwww-thats-gotta-hurt/#post-4556013 Wed, 18 Oct 2006 09:17:09 +0000 Hi detective gmh, maybe Jenman can provide you with details.
Let us know.

]]> 2ade4b86c71b9d89a38604d38c256b0e zen1 replied to the topic Owwww .... That's gotta hurt !!!!!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4387095-owwww-thats-gotta-hurt/#post-4556006 Mon, 16 Oct 2006 04:18:34 +0000 Mikey,

If you offer the guy $2 mil he might take it. Not bad for few weeks work 600K gain.

]]> 1a4b7b7534f8a0b4773d4d91f1cf7e93 zen1 replied to the topic Owwww .... That's gotta hurt !!!!!!!!!! in the forum General Property https://www.propertyinvesting.com/topic/4387095-owwww-thats-gotta-hurt/#post-4556002 Mon, 16 Oct 2006 03:45:36 +0000 Ouuchh.
I thought the top end is still booming.
Was it a mortgage auction?
Can you disclose the state/city?

]]> f18e949c66275a236667f4b2411350c1 zen1 replied to the topic Property bust not here yet ... worse to come in the forum No Subject https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/9/#post-4548593 Thu, 12 Oct 2006 02:39:09 +0000 The news came from the head of the RBA last night not the media.
So it’s likely to go up. After all he is the one that decides on IR.
What the media says doesn’t matter.

]]> e2e35cc032fb9b0a7046522e1ba28844 zen1 replied to the topic int rate 17% in 1990 in the forum No Subject https://www.propertyinvesting.com/topic/4387033-int-rate-17-in-1990/page/2/#post-4555753 Wed, 11 Oct 2006 16:37:54 +0000 I still remembered paying 17% IR back in 1990. It was cheaper to rent and buy a house a few years later.
I quess that’s why I didn’t get into property market this time around (wrong decision) because I worried IR could go up again.
Where do we go from here I wonder? Will the market be flat for a long time? One thing about increase in value on my…[Read more]

]]> 58260e45de736b7181b9f0578d58a8d4 zen1 replied to the topic $75K in five months in the forum General Property https://www.propertyinvesting.com/topic/4386812-75k-in-five-months/#post-4554787 Wed, 11 Oct 2006 06:27:24 +0000 I have never been to Queensland and don’t know how Deception bay is like. But according to the info, it’ 30 kms from Brisbane on a sheltered beach. You still can get a good 4×2 less than 10 years old for less than 300K.
This kind of price is just non existence in Perth for the same quality house.
Is Deception bay a good area and reasonable rental?

]]> 020d033f42fc38c2e0870c285d9aa73c zen1 replied to the topic Property bust not here yet ... worse to come in the forum General Property https://www.propertyinvesting.com/topic/4385726-property-bust-not-here-yet-worse-to-come/page/7/#post-4548546 Tue, 26 Sep 2006 02:02:55 +0000 Gmh454, thank you for sharing your experience.
I only have one IP in Perth and it’s heavily geared, rental is 3% gross. I don’t want to get into an IP with this kind of yield anymore but that’s the trend here in Perth.
From what you said, this is the time to observe and wait rather than buy. Is this correct? I woudln’t mind getting another IP if…[Read more]

]]> c7d4684bb5704ef8760f7f4b29ab9d32 zen1 replied to the topic TRAPPED BY NEGATIVE GEARING in the forum General Property https://www.propertyinvesting.com/topic/4386694-trapped-by-negative-gearing/page/2/#post-4554097 Fri, 15 Sep 2006 16:04:23 +0000 In the current climate I feel that it is important to purchase an IP with good yield since the capital appreciation is uncertain (at least for the next few years).
What is your minimum requirement on the yield before you even consider buying the property.?

]]> 66928124a04e3829aa0fd3b086804323 zen1 replied to the topic I'm about to slash my wrists... in the forum Help Needed! https://www.propertyinvesting.com/topic/4384661-im-about-to-slash-my-wrists/page/2/#post-4543321 Fri, 17 Mar 2006 10:25:24 +0000 Hi Andy,

Congrats with baby. I have 2 children and I know having a baby is an exciting time.
It can be costly to buy a baby bed, stroller, pram etc. What I can suggest is few months before the baby arrives to start collecting them, they are many second hand beds, prams etc that are in VGC. If you have friends they might be kind enough to give…[Read more]

]]> ceac4c29e9d0697a2aafbc7f80ce7a9a zen1 replied to the topic Perth Pricing just Stupid! in the forum No Subject https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/page/2/#post-4541154 Mon, 20 Feb 2006 04:14:34 +0000 Hi Roofarmer,

Warnbro is a good spot and for $270K is still reasonable. Can you tell me about the houses there for this price? How old etc.
How is the rent like?

]]> 216e9ad3da79ad3522a988b87d892c66 zen1 replied to the topic Perth Pricing just Stupid! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/page/2/#post-4541150 Sat, 18 Feb 2006 02:29:00 +0000 Hi sparky,

Can you share the details of your townhouse? Size, location, age and rents?

]]> 3bec5a28780192828e00dee0cd50dfa7 zen1 replied to the topic Perth Pricing just Stupid! in the forum Help Needed! https://www.propertyinvesting.com/topic/4384291-perth-pricing-just-stupid/page/2/#post-4541148 Fri, 17 Feb 2006 07:51:06 +0000 About Mandurah,
I went for a drive to Port Bouvard last Saturday. Nice suburb. My friend than saw a house on the canal with a big for sale sign. Land 700+sqm and the house only a couple years old. He then called the agent and asked about the price, asking 1.1 m. Then asked if the house will be open for inspection to public. The agent said it’s…[Read more]

]]> 2158b222b28d77cbc8c79091799318b9 zen1 replied to the topic Perth - where to invest? in the forum Help Needed! https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/9/#post-4469841 Wed, 15 Jun 2005 06:53:52 +0000 Quinny, thank for the info!!! Nice to hear from someone that used to live there not long ago.
Definitely CF- (big time). Craige has gone up a lot and now it’s not much cheaper than Padbury. I was told by people that leave in Hillary and Ocean Reef to go for Padbury, they recond it’s a better suburb for little difference in price.
I saw 2…[Read more]

]]> 5c1963159e3d1f4d8fd01bc421796041 zen1 replied to the topic Mandurah in the forum Help Needed! https://www.propertyinvesting.com/topic/4378218-mandurah/page/4/#post-4503625 Tue, 14 Jun 2005 07:59:09 +0000 Marisa, when I hear that land value went up by more than 25% in one month it makes me nervous. Is the developer silly not knowing how much the land worth? 25% in one month!!!!
I like to be in your posistion and sell the land after one month. To me that is incredibly growth. Even during dotcom boom that was a good return.
Marisa, if you still can…[Read more]

]]> dd4765859fbe5ffb39eb77d4e20fe4ed zen1 replied to the topic Mandurah in the forum Help Needed! https://www.propertyinvesting.com/topic/4378218-mandurah/page/3/#post-4503620 Mon, 13 Jun 2005 15:13:22 +0000 Marisa,
No, you didn’t offend me. And I hope I didn’t bore you my questions.
I haven’t bought anything because I can’t find a good buy possibly because I can’t see an opportunity.
As much as I like to get into IP I still can’t find one with what I think has a reasonable yield.
Put it simply most are dismal.
I can buy any major bank shares with 5%…[Read more]

]]> 92c102a623b6544f553cde55c22c3ecc zen1 replied to the topic Interest rates set to fall in the forum General Property https://www.propertyinvesting.com/topic/4380655-interest-rates-set-to-fall/#post-4519323 Mon, 13 Jun 2005 14:42:37 +0000 Even if the prediction is materialised it wouldn’t necessarily going to be good for places like WA. Lower commodity price means lower job rate, we are so dependend on mining industries over here.

]]> 531b4d1fd36ba90b28df2dfb2179b9a4 zen1 replied to the topic Houses overvalued by 25pc in the forum No Subject https://www.propertyinvesting.com/topic/4380685-houses-overvalued-by-25pc/page/2/#post-4519591 Mon, 13 Jun 2005 13:32:06 +0000 I just like to add another thing about the property chart on the previous page.
It’s a personal experience I am sure similar to many around the time.
I bought my first house in Perth in 1989, interest rate was 15% than it went up to 17%. We cheered when it went down to 12-13%. I paid $110K and sold in 1995 for $143K. That’s before added things…[Read more]

]]> 4e3daa1f0d9bde299537b890f47eaab7 zen1 replied to the topic Mandurah in the forum Help Needed! https://www.propertyinvesting.com/topic/4378218-mandurah/page/3/#post-4503616 Mon, 13 Jun 2005 12:35:16 +0000 Thanks Marisa for your thought. I have to say it wasn’t obvious to me. I am planning to purchase an IP within a couple of months.
My budget is $250K like to to get rental at least $190/week.
Anybody else like to comment please do so, I am interested to hear from you.

]]> 48e389583526ee8f4f6c434862dca194 zen1 replied to the topic Mandurah in the forum Help Needed! https://www.propertyinvesting.com/topic/4378218-mandurah/page/3/#post-4503609 Sun, 12 Jun 2005 06:38:49 +0000 Now between Mandurah and Perth (not other cities) according to the projections by ABS?? Mandurah will have the biggest growth in WA in the next number of years. Is this mean it will be wiser to invest in Mandurah than say Padbury for 250K property? Am I missing anything here? I am looking for 8-10 years investment. ie I don’t have IP and I quess…[Read more]

]]> 80a496a9f016ac7ae3b7a671a4561c6f zen1 replied to the topic Mandurah in the forum No Subject https://www.propertyinvesting.com/topic/4378218-mandurah/page/2/#post-4503599 Sat, 11 Jun 2005 03:25:54 +0000 Low rent aside, where do you think the best change for capital growth 5-10 years from now for property around 250K in Mandurah?

]]> 8fe566bd62b25aa34dd6470d3463e717 zen1 replied to the topic Perth - where to invest? in the forum No Subject https://www.propertyinvesting.com/topic/4373215-perth-where-to-invest/page/9/#post-4469835 Wed, 08 Jun 2005 08:45:18 +0000 Anybody has an IP or ever lived in Padbury? What do you think of the propect there? Went for a drive on the weekend and saw few properties there. Prices are around $240 – 280K. But rent only around 190-200.week. Close to the beach and Hillary.

]]> 0d329c7291b46f7f220e778ab90b46fc zen1 replied to the topic Hybrid Trust to buy a negative gearing property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380411-hybrid-trust-to-buy-a-negative-gearing-property/#post-4517524 Tue, 07 Jun 2005 03:40:26 +0000 Cata, can you explain how you can include your family home in a trust without incuring stamp duty etc but still excempted from CGT? If the home is still under your name than it’s not own by the trust. To be protected it has to be under a trust name? Please explain, I am very interested to know how this works.

]]> f29843d45d4fab842e8c07a36459d544 zen1 replied to the topic Company or Trust or Trust Company? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4380243-company-or-trust-or-trust-company/#post-4516217 Tue, 07 Jun 2005 03:17:51 +0000 This is the area to confuses me, where you can put an asset in a trust name but still get negative gearing benefits. I just got off the phone with my accountant, she said I can’t put say an IP under a trust and still get a negative gearing benefits. If you lend a money to the trust, the trust need to pay you back the interest to you. That means…[Read more]

]]> 5f7b17cfa66deb034690a453a465d2ec zen1 replied to the topic Very nervous investors in the forum Help Needed! https://www.propertyinvesting.com/topic/4380583-very-nervous-investors/#post-4518752 Mon, 06 Jun 2005 02:44:37 +0000 That is the kind of IP I like to get, the one that cost nothing to keep. I didn’t know it still exists today. A property that I am looking at cost 260K and I get 200/week max. I like the Steve McKnight high cash flow principle to accumulate IPs if you still can get it, it sounds logical.

]]> 7f0973c52651082e353b39232cd4bad9 zen1 replied to the topic Acceptable gearing ratio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380597-acceptable-gearing-ratio/#post-4518884 Mon, 06 Jun 2005 02:18:26 +0000 Thank you everyone for the helpfull information.

]]> 652aa0b0f630eb2348a0a4cecc812e23 zen1 replied to the topic Acceptable gearing ratio? in the forum Help Needed! https://www.propertyinvesting.com/topic/4380597-acceptable-gearing-ratio/#post-4518881 Sun, 05 Jun 2005 14:38:46 +0000 6.8% is a good rate.
The last 5 years the growth has been 12.5%/year. I don’t know the stats for 10 years.
The yield is around 2.8-3% assuming I have no problem getting a tenant and it’s rented the whole year.
Mortgage Adviser, do financial institutions have problem with lending money to an individual to by IP under a discretionary trust? I don’t…[Read more]

]]> 08cf3f682713af4351ee2539a4c5bb96 zen1 replied to the topic tax benefits of a trust in the forum No Subject https://www.propertyinvesting.com/topic/4379005-tax-benefits-of-a-trust/page/2/#post-4508286 Fri, 11 Mar 2005 07:56:54 +0000 Terry, with HDT I will need to distribute unit trusts to beneficiaries. Do I need to specify how much units each beneficiaries will get. Will the income (rents/dividends) have to be distributed at the specified proportion each year? If this is so than it’s no way as flexible as discretionary trust but has the benefit of being able to get borrowing…[Read more]

]]> b693c404419bb6e4e43cb21cc39aa365 zen1 replied to the topic tax benefits of a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379005-tax-benefits-of-a-trust/#post-4508277 Fri, 11 Mar 2005 04:25:08 +0000 Okay so I can’t claim interest deductions myself for an IP in a standard discretionary trust.

With HDT the non special unit ie income still can be distributed at the discretion of the trustee and the special unit(s) can be sold/transfer to my wife if we need to in the future for example when she gets more tax deduction than myself. Is this…[Read more]

]]> 626171600ee55f624e8f518c136994c6 zen1 replied to the topic tax benefits of a trust in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4379005-tax-benefits-of-a-trust/#post-4508273 Thu, 10 Mar 2005 16:48:10 +0000 I have a question about a non hybrid discretionary trust where unlike HDT I can’t buy a special income units. Can I still claim interest cost and how do I go about it?

Also can I use an equity in a trust name to purchase another property like if it were under my name?

I am reading a family trust book by N E Renton but still not clear with the…[Read more]

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