Total Members: 159,380

Benny

  • Benny replied to the topic Rates notices – are your payments showing on your bill?…. in the forum Help Needed! 3 years, 6 months ago

    Hi Colin,

    So WA does show this detail, eh – thanks for that.

    I wonder who can answer for other states – maybe it is only the banana-benders who get it wrong?  :(

  • Benny replied to the topic Changing lenders in the forum Finance 3 years, 6 months ago

    Hi Wan,

    Keep in mind Richard’s earlier comment:-

    I think you are confused as there is very little difference between lenders when it comes to servicing post Royal Commission.

    I noted that English may not be your first language, and that the wording above uses an old word “post” which means “since” or “after”, so reread Richard’s words like…[Read more]

  • Benny started the topic Is this the catalyst that will cause a property crash? in the forum General Property 3 years, 7 months ago

    I would love to hear your thoughts on a topic I’ve been pondering – “How much would interest rates have to rise before we begin to see massive defaulting?”

    Today, with bank interest rates around 3.5%pa, and with loan amounts being borrowed having screamed upward as prices have increased (and are currently still increasing), what kind of rate…[Read more]

  • Benny replied to the topic Median House values: useful or nonsense? in the forum General Property 3 years, 7 months ago

    Thanks Steven and Steve,

    I’d long been confused how Sydney could be reported as having a $1.3m as highest median by one company (a few years back now) while others report other lower values as being the highest.  ABS shows $1.05m as being the highest THEY have ever recorded in Sydney (Jun 2017).  Steve, perhaps your comment here serves me best r…[Read more]

  • Benny started the topic Median House values: useful or nonsense? in the forum General Property 3 years, 7 months ago

    Median house prices – are they useful , or even believable?  Maybe it is the flood of differing results that confuses me most.

    What about you though – do you use them?  And how do you make them work for you?

    Benny

  • Benny started the topic Median House values. in the forum General Property 3 years, 7 months ago

    Median house prices – are they useful , or even believable?  Maybe it is the flood of differing results that confuses me most.

    What about you though – do you use them?  And how do you make them work for you?

    Benny

  • Benny started the topic Median House values. in the forum General Property 3 years, 7 months ago

    Are these values useful, or simply a distraction?

    Benny

  • Benny replied to the topic Turning $147 a day into $1,000,000 in the forum Forum Frolic 3 years, 7 months ago

    I think this story is a deception and all the examples described in this book are the authors fantasy!

    Wow – way to make an entrance, JulianJohn !!    But for now the floor is yours so, let’s hear it – do you have a way to “make it” that we all need to know about? Some way that is not “deception”?

    Why not share – that’s what we are all here for….

    Benny

  • Benny started the topic Rates notices – are your payments showing on your bill?…. in the forum Help Needed! 3 years, 7 months ago

    Recently, two separate Councils (in Queensland) and their Rates notices haven’t provided information on my payments made to them, and I wondered why :-

    1.  They actually don’t provide information re any payments I have made in the past, and

    2.  How does one reconcile any concerns re recent payments you have made vs their displayed “Balance o…[Read more]

  • Benny started the topic Rates notices – and your payments…. in the forum Help Needed! 3 years, 7 months ago

    Recently, two separate Councils (in Queensland) and their Rates notices haven’t provided information on my recent payments, and I wondered why :-

    1.  They don’t provide information re any payments I have made in the past, and

    2.  How does one reconcile any concerns re recent payments you have made vs their displayed “Balance owing”?  Why sh…[Read more]

  • Benny replied to the topic First home investment property in the forum Help Needed! 3 years, 8 months ago

    Hi Onex,

    After reading your opening post, my first thought was to advise a bit of caution.  This post (linked below) from a few years back shows why I wanted to do that for you.  https://www.propertyinvesting.com/topic/5027637-need-advice-with-regards-to-property-investment-in-noble-park/#post-5027647

    Now, I realise you may not be looking for a…[Read more]

  • Benny replied to the topic Serviceability in the forum Finance 3 years, 8 months ago

    Hi PSR,

    I recall one or two examples in the “big picture” topic – here’s the link to one of them:-

    https://www.propertyinvesting.com/topic/5014274-how-do-people-buy-multiple-properties/#post-5014274

    As Richard Taylor says in there, along with the theory espoused, the structuring of your borrowings is also very important, so go looking for words…[Read more]

  • Benny replied to the topic Serviceability in the forum Finance 3 years, 8 months ago

    Hi PSR,

    I recall one or two examples in the “big picture” topic – here’s the link to one of them:-

    https://www.propertyinvesting.com/topic/5014274-how-do-people-buy-multiple-properties/#post-5014274

    As Richard Taylor says in there, along with the theory espoused, the structuring of your borrowings is also very important, so go looking for words…[Read more]

  • Benny replied to the topic What are the best investment options? in the forum Finance 3 years, 8 months ago

    Seriously?  :(

    What do you mean by “best”?   Cheapest?  Safest?  Best return?  Easiest?

     

    Benny

  • Benny replied to the topic To buy PPOR first or investment? in the forum Help Needed! 3 years, 9 months ago

    These days with low interest rates I think buying a main residence first is ideal ….

    Terryw’s comment above makes a lot of sense – I was one who had earlier thought (10+ years back) buying IP’s first was better from a financial point of view.  This was mainly because any Interest paid on an investment is a Tax deduction, while on your own home,…[Read more]

  • Benny replied to the topic To buy PPOR first or investment? in the forum Help Needed! 3 years, 9 months ago

    These days with low interest rates I think buying a main residence first is ideal ….

    Terryw’s comment above makes a lot of sense – I was one who had earlier thought (10+ years back) buying IP’s first was better from a financial point of view.  This was mainly because any Interest paid on an investment is a Tax deduction, while on your own home,…[Read more]

  • Benny replied to the topic Are Govts making Covid tougher on us than they should? in the forum Opinionated! 3 years, 10 months ago

    Yeah, that was me having a grumble about what seemed a quite stupid decision.  In the end, that was quite a minor disruption, and yet, it didn’t need to happen if they had only thought a little more i.e use a 2am lockdown start time.

    But there really has been far worse decisions, haven’t there?

    One major one is this stop-start-stop-start-stop…[Read more]

  • Benny replied to the topic Are Govts making Covid tougher on us than they should? in the forum Opinionated! 3 years, 10 months ago

    Yeah, that was me having a grumble about what seemed a quite stupid decision.  In the end, that was quite a minor disruption, and yet, it didn’t need to happen if they had only thought a little more i.e use a 2am lockdown start time.

    But there really has been far worse decisions, haven’t there?

    One major one is this stop-start-stop-start-stop…[Read more]

  • Benny replied to the topic Are Govts making Covid tougher on us than they should? in the forum Opinionated! 3 years, 10 months ago

    Yeah, that was me having a grumble about what seemed a quite stupid decision.  In the end, that was quite a minor disruption, and yet, it didn’t need to happen.     But there really has been far worse decisions, haven’t there?

    One major one is this stop-start-stop-start-stop thing that goes on.  How can most businesses run that way?  Some might,…[Read more]

  • Benny started the topic Are Govts making Covid tougher on us than they should? in the forum Opinionated! 3 years, 10 months ago

    Hi all,

    I heard that The Vic Govt imposed a shutdown as of midnight last night (Friday 12th Feb 21).  A quick 5-day shutdown to get on top of 13 new Covid cases.   There was something like a day or two’s notice (I don’t recall exactly – they had time to “stop and think a little bit”), but WHY in the world would they choose midnight Friday as th…[Read more]

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Benny

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