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Viewing 20 posts - 261 through 280 (of 545 total)
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  • Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 18, 2004 - 7:05 am

    You’ve spent a whole day looking? You may need to spend a lot more time before you find a CF+ property, particularly in a large regional centre such as Townsville.

    Remember that CF+ is not the be all and end all of property investing, there are many other things to look for – particularly capital growth, potential to subdivide block, developments in the area, population shifts etc etc.

    Don’t be discouraged but you need to make sure you have a firm understanding of investing in property, particularly as you are now buying in the tail end of a massive boom. Don’t buy because everyone is and you don’t want to miss out – that is where you lose money. It has to be a good deal today, tomorrow and in x years time.

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 15, 2004 - 11:41 pm

    The vacancy rate is running at 10% or so at present for Docklands, so you may be able to find a tenant but you will have to offer a healthy discount to get one in.

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 15, 2004 - 11:39 pm

    Don’t know this company in particular but there seems to be a glut of companies using American University names for some instant credibility. Have seen Harvard, Stanford and Princeton, and just waiting on Yale. Can’t see Kellogg getting a run though!

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 15, 2004 - 4:50 am

    I found Craig Turnbull’s book to be quite good and informative especially compared to the dross from Somers and Bell. How many chapters can they stretch to on the basic premise of if you pay more off your loan you will pay it out faster – rocket science!

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 9, 2004 - 7:56 am

    Have sent e-mail Simon

    Regards

    Nick

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 9, 2004 - 7:37 am

    Obviously 1st mortgage over land and have other properties available. What $ value of security are we likely to need?

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 9, 2004 - 6:54 am

    Claron – do you have to make repayments on the funds or repay all at once after a certain amount of time?

    Nick

    Profile photo of ANUBISANUBIS
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    @anubis
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    Post Count: 559
    March 9, 2004 - 6:21 am

    thanks Simon, much appreciated.

    Profile photo of ANUBISANUBIS
    Participant
    @anubis
    Join Date: 2003
    Post Count: 559
    March 9, 2004 - 4:15 am

    Pacific Fair in Qld. Have a very helpful loans mgr – very good at understanding my convoluted holdings ;-)

    The cba’s personal banking group have tried to take our files as we “qualify” for their “special 1 on 1 mgmt”. Duh – isn’t that what we get from someone we already know?

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 9, 2004 - 1:26 am

    Guys,

    What about where you have made repayments over and above so that you have x amount available to redraw? Can I withdraw and not affect my tax deduction?

    Nick

    Profile photo of ANUBISANUBIS
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    @anubis
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    March 9, 2004 - 1:23 am

    Hi SIS,

    I already get this deal from CBA but don’t have to pay the $300.

    [:D] for me!

    Profile photo of ANUBISANUBIS
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    @anubis
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    March 8, 2004 - 6:23 am

    Richmond,

    Being a good Tassie boy I shouldn’t really bag one of my own, but what is going on with Richo? Has he learnt nothing from the last two years? He has a serious attitude problem and you guys would have been better off trading him, freeing up some $$$ and getting a good young kid – maybe a swap for Stevens/Brown would have worked out leaving a draft pick intact.

    BTW – go the Swans.

    Nick

    Profile photo of ANUBISANUBIS
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    @anubis
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    Post Count: 559
    March 7, 2004 - 11:19 pm

    SIS,

    Can you give a quick run-down on the wealth package please?

    Nick

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 5, 2004 - 5:40 am

    Normal Platinum is 100k+, but CBA is saying it’s a platinum for the people so may be much lower than that.

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 5, 2004 - 2:41 am

    It seems an average package and devalues the overall Platinum Card concept. 12k is a fairly low minimum limit – I had a gold Golf Card via CBA that had a minimum of 15k. The value provided over and above the gold is not great – more than double the annual fee and gold interest rate is 16.8% and Platinum 18.8% – huh? How does that work out as a benefit?

    Profile photo of ANUBISANUBIS
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    @anubis
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    Post Count: 559
    March 5, 2004 - 2:37 am

    Hi John,

    What is the council’s opinion on subdivision – are they for or against further subdivision of avg sized blocks? Is the gain actually worth the costs/effort? Are there any caveats over the block regarding development? Is land tax going to be a killer?

    Personally I think the block is quite small for splitting into even smaller slices, but I do not know the area.

    What is your opportunity cost? Could you make more money by investing elsewhere than by doing this particular deal?

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 4, 2004 - 4:24 am

    Except that Mt Druitt is considered the roughest place in Sydney and butt of all the jokes.

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 3, 2004 - 6:31 am

    Rent or buy?

    We pay $400 a week for a $800k+ house.

    $800 per f/n and have a life and invest or $2400 per f/n and eat baked beans, never leave the house, don’t invest for 30 years?

    The choice becomes clear [:D]

    Profile photo of ANUBISANUBIS
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    @anubis
    Join Date: 2003
    Post Count: 559
    March 3, 2004 - 3:35 am

    We pay $400 per week for rent, mind you we live in a house in Sydney. It’s a reward for living in 2 bed units for so long [:D]

    It does not affect our ability to invest, go out for a meal when we want. It makes our home life less stressful which makes it easier to focus on wealth creation.

    Profile photo of ANUBISANUBIS
    Participant
    @anubis
    Join Date: 2003
    Post Count: 559
    March 2, 2004 - 2:15 am

    Did you hear about the insomniac dyslexic?

    He stayed up all night wondering if there really was a Dog?

Viewing 20 posts - 261 through 280 (of 545 total)
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