G’day Richard…

You’re on… what odds are you offering?

We will have a .5% rise in rates in December!

Please advise asap.

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Chriso…

I have a brother Chris..have a look at my Surname.

How about you test the waters Chriso… that was your first post… give us all a querie, question, comment… I promise to give you some help… and the next thing you’ll be posting every day/night

Cheers… and I’m waiting for your comment/Question

Bill… while I’m still…[Read more]

Gday Riffraff…

Okay, you have the floor… imaginary property and plenty of answers… Geez… your as mad as a two bob watch.

Why did I mention interest rates?

Do I hafta explain everything to ya?
Cause next month they are gunna rise another .5% Do I hafta tell ya everything? Geez I dunno!

What duz all this mean to you property barrons……[Read more]

G’day…

Leasehold is for a given term…Canberra 99 years.
Despite the concerns it was put in place to stop Land Speculation. Tht meant that you had to commence building within a certain time frame.

If it was Freehold… you could do as you like.

You would need to check the term of the lease..example… parts of Canberra only have 10 years…[Read more]

G’day Jason…

You are a nice person.

As an Agent with 30 years experience…. one of my skills was to identify the “wannabee” purchasers from the “genuine” buyers if only to protect my clients .. the vendors. I recall one evening saying to the Vendor…”that guy is just like the barbers cat… all pi** and wind.

The owner said, ” but he’s been…[Read more]

G’day Ksafik…

Not bad for your first post.

Personally I would wait..maybe for up to 18 months
after all the R/E Boom has been going for 6 years and probably about to take a breather, slide or fall in price.

While you are at home rent free why not take the opportunity to save as much as possible with the Bank that you are likely to Borrow from…[Read more]

G’day Alexander…

An option to buy can be an excellent vehicle to control property with very little money.Great in a rising market.

Personally, I would see an opportunity to rent with an option to purchase two years down the track. Provided that the agreed Purchase Price was an average of 2 Independent Valuations.
The market could be down…[Read more]

G’day Alf…

We are a pair of mugs and I reckon we’ve been set up here. Riffraff posted the question at 1:20pm, the others responded by 7:00pm. Westan puts in his two bobs worth, designed to confuse most of us…then went to bed.

So here we are talking about a property that doesn’t even exist while those that started it are all asleep.

I’m…[Read more]

G’day Fibejebe….

You could do one of the following:

(1) If they require the deposit I guess you simply lend it to them and get repaid as their equity increases with CG.

(2) If they already have the deposit(or most) then “park” what you can afford in their offset account to reduce the interest and monthly payments. Again, you could get it back…[Read more]

G’day all you [:0)]’s

I am aware we have just had a.25% rate increase and don’t think that the .5% in December will be hypothetical for too long either.

You’re all stark raving mad. Surely the market is
not so bad that we have to discuss hypothetical properties. I didn’t think anyone would reply to you Riffraff… just goes to show how wrong I…[Read more]

G’day Positive…

That is unbelievable, as I didn’t even consider it in that light. I simply put myself in each of your shoes and felt that about 2% max would be a fair figure to you both.

I then figured that 80% of the 2% was absolutely fair and coincidence that it panned out at $6,000pa…$500 per month for as long as he needs you. The fact…[Read more]

G’day Benny

Thanks Mate..but I’m just recording the promises.

World Vision Australia will contact the sponsors after I have completed the trip and they will receipt the funds. Tax deductible receipts.

Thanks very much Benny and you too Huey.

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Benny…

I was interested to see the “Inner Brisbane” figures. If you take a small sample March/June as an average at 3.85% vacancy rate and compare to the latest…September @ 4.2% that equates to a rise in Vacancy rates of 9% from previous quarters.

If that trend continues into the December quarter it will be 4.57% in December. I would…[Read more]

G’day Positive…

If it is a good deal could you be a Co-Borrower and accept a Fee of $500 per month as consideration? Perhaps your client may be in a position to refinance in a couple of years at a total cost of $12,000. If not, let it go!

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Guys…

I think you may be confusing the words stated by Muppet and Melbear… I didn’t make any such comment that I recall…

Cheers

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day/night Alf…

I understand what you meant… talk later mate.
“Don’t Fix”

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Dave…

3 properties…. Rockhampton

4 ^^^^^^^^ …..Ipswich

1 ^^^^^^^^ …..Sunshine Coast

Fair go Dave, need much more info

Bill

Bill O’Mara
Real Estate,Mortgages,Share Market Strategies.
billomara@iprimus.com.au

G’day Alf…

Master Salesman ?I guess we are all trying to sell something, at times just our opinions, viewpoint.

I can tell you this mate… I never felt like I was selling… looking for solutions yes.
Would hate to think my customers/clients ever felt
like they were being sold to.

Cheers talk soon

Bill

Bill O’Mara
Real…[Read more]

G’day Alf…

If you rent out your home and then rent another where’s the gain in doing that mate?

If you sold now and stayed cashed up for the buying opportunities in a year or two…then that may make sense. But pretty hard to pick tops and bottoms of the R/E Market.

I wouldn’t sell a Personal residence and buy in the same market…[Read more]

G’day Nathan….

My concerns are the same as yours… size..resale…refinance one day etc

That is a small unit, and your resale market is restricted. However it is going to be a problem in that the overall market is softening and I would ignore the asking price. It is no point in thinking that others would pay the asking price but can’t get it…[Read more]