Hi Stargazer,

I’ve been playing with the figures you provided.  I have sent you a Private Message with my findings.  As I am not an Adviser of any kind, I’d rather keep the results under wraps until you find out if my thoughts were largely correct, in which case I wouldn’t mind sharing them on here (if you are agreeable).

For now, check your m…[Read more]

Hi Heisenberg,

 Oh, what I meant by roll over is – whatever my wife and I can save thru tax deductions (for investment property) to be used to replenish the funds (albeit not completely) that were used to cover rental shortfall and outgoings? Hope I’m not wrong to think this way?

Ah, now I understand what you meant, so thanks for the expl…[Read more]

Hi again,

Thanks for the extra info.  I don’t know Melbourne at all, but I hear the situation for renters is dire throughout Aussie right now.  Can that translate into having renters buy a little 1bdr?  I’m not sure, as borrowing has also got harder with the HUGE increase in Interest Rates over the last 12 months or so.

If an opinion helps, 1b…[Read more]

Hi Heisenberg,

Yeah, wrong time perhaps eh?  The current situation has the costs of building, buy prices, fuel, rentals, insurances, and interest rates, all going through the roof.  Now an increase in rental helps your situation, but everything else hurts it.  The big mover (for me) was the astonishing climb in Interest Rates.

In years pa…[Read more]

Hi Stargazer,

As you said to Steve, ( “i probably am lucky to be where i am asset wise,” ) I think you have done pretty well to accumulate what you have despite the problems faced.  So, what now?  I guess that is your question, right?

Straight off, I have one or two to ask you – if you provide answers, they might light your way s…[Read more]

Hi Ceegee,

I believe you have it right, but that is simply an opinion I have, based on reading articles from others who KNOW.  Hopefully someone with the proper credentials will come by to provide a proper response.  That is not me – sorry,

Benny

Hi Red and Jane,

First off, which city the unit is in would likely make a difference to any answers.  e.g. I wouldn’t be suggesting auction in Brisbane (where the usual “sold at auction” rate is around 50%).  That might work better in other centres, of course.  Also if you give an area of a city too, that might help give more context.

$7k pl…[Read more]

Hi Red,

First off, where it is would likely make a difference to any answers.  e.g. I wouldn’t be suggesting auction in Brisbane (where the usual “sold at auction” rate is around 50%).  That might work in other centres.  Also an area of a city might help give more context too.

$7k plus 2% sounds way off to me.  But then, I’m from Brisbane, whe…[Read more]

And just this morning, our local paper has found figures that confirm that some investors are bailing out (often just to save their own homes) as things are just getting too…[Read more]

The only question now is “WILL the RBA do nothing, or will they continue with their brain-dead antics and lift rates yet again?” You and I know what they should do, but time will tell.

The news today is that the rates remain on hold for another month – or is that 6 weeks (given that the “new look RBA” is talking of having just eight meetings per…[Read more]

An interesting article arrived in my Inbox today – it came courtesy of an ABC news reporter in this article:-

https://www.abc.net.au/news/2023-07-11/millions-on-a-mortgage-cliff-as-they-roll-off-low-rate-home-loan/102557726

The report  contains an interview with Sebastian Watkins, the co-founder of Lendi who said this – “Lendi merged with…[Read more]

Hi Justin,

I haven’t used them.  Didn’t know of them until today, but I took a look at their website since you asked the question. Here’s what I gleaned from the site

It appears to me that they may only sell new homes, which is always a caution in my book.  Not always, but a common “hook” from some marketeers is to “sell” the Tax Benefits of a n…[Read more]

I hear this morning that Philip Lowe’s contract will not be renewed come September, and that a new governor will be announced later this week.  I’m not sure if it fills me with confidence just yet, but time will tell.  I imagine Mr Lowe will remain around until September anyway, occupying the Governor role for two more months.  After that, who kn…[Read more]

Ladies and gentlemen, introducing Judith Curry :-

https://www.youtube.com/watch?v=i4YUnZIKneY

This lady is a climatologist who has some very pertinent views to share.  I especially liked the part from about minute 26 where she mentions two useful alternatives to wind and solar.  One interesting point she made was this – if fossil fuels have l…[Read more]

Hi Toby,

An interesting question, and some good thought behind your words.

I feel like when the mainstream media harp on about something this much, there’s usually an agenda, and the opposite of what they’re saying is true.

Hehe, I wondered if your comment was too kind to the mainstream media – my thoughts re many of them is that they have no ide…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be contacting you to discuss your situation.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has said in the book, but that there are “rules and/or limits or ways to go” that Chris will advise of.  After that, I…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be posting right here about this procedure, and also how to get in touch with him.  So watch for a further reply, and add the info in that to your toolkit.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has…[Read more]

Hi Toby,

You’ll be pleased to know that I’ve talked with Steve’s finance man, Chris, and he will be posting right here about this procedure, and also how to get in touch with him.  So watch for a further reply, and add the info in that to your toolkit.

In short, I gathered from Chris that what you want to do IS possible, just like Steve has…[Read more]