Forum Replies Created

Viewing 8 posts - 21 through 28 (of 28 total)
1 2
  • Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    June 18, 2006 - 9:09 am

    OK… no responses..
    Well since I started the thread, I think its appropriate I give my answer.
    I purchased 850,000 a few weeks ago (borrowed 500,000). It was residential and is now rented at $1,050 per week.

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    June 9, 2006 - 2:28 pm

    BMW 330Ci INDIVIDUAL

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    June 6, 2006 - 1:16 pm

    The Dirt is worth (government evaluates) it around $420,000
    If however, there was no house on the hill (its basically situated on top of a hill!) and the land went for auction (to find market value)
    it would easily hit $600,000+

    The potential income as i mentioned ($1,600) is playing it safe.
    As the property WAS last leased out for $2,000 per week. (a few months ago). It is vacant for now…

    Any other comments guys?

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    June 5, 2006 - 5:59 am

    I rarely give them a price range at all.
    I tell them, it doesnt depend on my piggy bank, but the the property itself. If the property is good and I like it, I will give u an offer for that particular property.
    Every single property has their own set of qaulities and niche potential.

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    May 24, 2006 - 1:49 pm

    You borrowed $300,000 at 1.5%?

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    May 19, 2006 - 12:03 pm

    I was informed that any income from the super fund will be taxed at a flat rate of 15%. You can then transfer it to yourself.

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    April 28, 2006 - 3:09 pm

    I am fairly new on this forum, but i am glad to see someone from Canberra too :).

    Well my view of the whole scenario is kind of skewed. There are many crucial factors that everyone is hoping to have answers to sometime within the next few months.

    You may notice that buyers and sellers are weary of the market. their not sure whether it will stay steady or fall.
    A fair amount of the houses are now sold by AUCTION.. rather than an asking Price.
    WHY?
    Because Sellers themselves arent quite sure how much their house is worth. They dont want to advertise their house too high, because it will be on the market for too long, too late. Also, they dont want to underprice it. Real Estate agents’ advice? “F$#K if we know!!”
    Thats why they let the Buyers decide, what they are preapred to pay. And honestly, go see some auctions on Saturdays. 50+ ppl will show up, but no one bids! Its a deadbeat!

    there was a post a while back, regarding the recent surge in fuel prices (and still believe to rise), is equivalent to a 0.5% interest rise.
    We are twitching our fingers to see what the RBA decides to do with the rates (my belief, is they they wont rise this year at all – geez i really put my ass on the line here. hahaha). Speculations are that it WILL rise, and this will seriously hinder many homeowners. Particularly in Canberra.

    If this happens, House prices will surely soften. Given this and the constant marginal unemployment rate, over the years young/middle age people will find it slightly more affordable to live in Canberra.

    Profile photo of BMW330CiBMW330Ci
    Participant
    @bmw330ci
    Join Date: 2006
    Post Count: 37
    March 2, 2006 - 8:10 pm

    Wow, thanks for the quick response! (esspecially at this time of night)
    well, as long as Australian and Moroccan Diplomatic relations are normal (if we dont decide to invade them within the enxt few years or so… hehehe) they of course would be happy to stay their indefinatly, as not only will that be the Chancellors Residence, but also their head office. Therefore, even after This current chancellor’s term expires (they usually have a 4-year stay, and then move to another country), the Superseding Chancellor will continue their stay there. So, in short, yes, after 4-years a new lease is drawn up for ANOTHER 4 years, and so on…
    Embassies dont have much choice as to which property they would like to lease out (or buy in some circumstances), as only very selcted parts of only 3 suburbs in the whole of ACT, which allow Diplomatic Chancellors to reside.
    In Canberra, Houses such as these, ALWAYS have a buyer willing to pay top dollar in the furure. in terms of property appreciating in value, its very high, and when the market drops (like currently its very weary and kinda bearish), the value of the property would not fall, just stay at its current level.

    Ohh and also… Beemer = BMW motorcycle [party]

    Again, I really am astound at your quick but mindful repsonse Thanks again.

    Naume

Viewing 8 posts - 21 through 28 (of 28 total)
1 2