Forum Replies Created
thank you all, nice rule of thumb there iambored, appreciate your reply.
cheers
brahms
If you don’t ask, the answer is no!!
your post was titled ‘what do you do?
if you have purchased this a an investment then sit and hold.
does zoning support dual occupancy or is this something to ask Santi about in 6mths time?
can you see the beach? what was it about this property that made you buy it? if the answers are substantial, keep it, if not, sell it and surf.
Cheers brahms
hi, a lot of tenants faced with $165/wk vs $330/wk will stick with $165/wk as it will only take them 53 weeks to save a 5% deposit of $175 000 ($230k????)(given the blatant rip off as described) and therefore purchase the property themselves thru a normal bank at normal rates for a purchase price representative of true market value, thus saving themselves significant monies this year, and the many thereafter.
cheers brahms
Drink coffee with the smart ones…
sophisticated as opposed to mug punter – its really not a ‘club’ or anything, or something you can pick up by doing night school over a semester – its a funny one, i guess its a mix of ‘street smart’, formal education discipline and an understanding of finance and markets (property or other investment platforms)
however, if it is offered as a semester at the local tafe, pls let me know…
cheers
brahms
If you don’t ask, the answer is no!!
Wayne
if you are not comfortable with what the first broker detailed, it is your choice to seek the opinion of another professional. for me, i think he/she is close to the mark. you are 100% liable in as guarantor so far as servicing goes.
this is pretty straightforward, in the event your parents/partner doesn’t make repayments and the mortgage is in default, you are liable.
to add insult to injury, you will find that you can only utilise 50% of the rental income for assessment purposes despite being 100% liable.
it also looks like the security properties are blocks of apartments, not knowing the west, but over here 70% lvr is pretty good, and there wouldn’t appear to be too much fat in the system on your figures.
cheers
Brehms
hi johnny, in 3 hrs i can show you the highs and the lows of brissy, you will be able to v.quickly see where you need to purchase. this is a very uncomplicated place.
3 years ago i drove to brisvegas, slept in the car and in 3 days had purchased sub 7 ks to the cbd. my background is pure property, it wasn’t a hard thing to do.
you already know what you are looking for, this place is just like any other metro area, buy as close to the cbd or major infrastructure as you can afford and sit tight – oh, and if at all possible talk to people who are already there.
cheers
brahms
If you don’t ask, the answer is no!!
All posts have been from the view point of the landlord – not surprising of course, but… casting my mind back to the many years of renting as most forumites will share.
I always felt the apartment or house i was in was my home, and treated it as such. And yes, I was never treated any better by any landlord or managing agent than the tenant who didn’t mow, didn’t weed, didn’t change their own light bulbs, didn’t park cars on the front lawn til the wheel tracks got so deep the car bottomed out and then complained to the realtor that the vehicle access was eroded and the realtor took this to the owner who said ‘what the hell has happenned to the lawn’…..you get the drift..
as i’m now on the other side of the ledger, i’ll happily foster a commercial relationship.
i always smile at the thought of telling a good news storey about a tenant and a rental property – you’d be boo’d off the stage – so much more fun to hear about the one out at Toowoomba who converted the 4th bedroom into a stable and kept the pony inside, well,,,, it does get cold out there……
cheers
brahms
If you don’t ask, the answer is no!!
Yeah…your right,, i’m not the zoning fairy – but hey, its a good concept… sorry not to be able to offer a sensible solution.
cheers
brahms
If you don’t ask, the answer is no!!
hi, i recall a non bank lender floated this style product when this case was first appealed by the ato, did any other lender go for it?
cheers
brahms
If you don’t ask, the answer is no!!
Lots of for rent signs about in brisvegas, i’ve questioned my realtor friends about this and there is a significant drive in this area to advertise not only the vacancy but the agency.
The smart money (so to speak) is saying the realtors are taking the opportunity to advertise a vacancy as well as put their name in you face…. makes sense.
Any advertisement is a good advertisement in that industry.
No doubt the incidence is much higher these days and is not confined to the past 3-4 months – any comments?
cheers
brahms
If you don’t ask, the answer is no!!
g’day johnny1, free standing you will need to look at least 12 -15k ring from cbd, as for nice, most are nice in this area…
whats nice?
1. 15k from cbd but cls to 2 or more schools and handy to rail and bus link = nice
2. 12k from cbd but cls to westfield shopping centre = nice
3. sub 10k to cbd north or south, 3 beds and room for arthritic fox terrier = nice
johnny1 you will have to do some leg work, what i think is mine, you may see something totally different.
cheers
brahms
If you don’t ask, the answer is no!!
From a lot of posts it sounds like New Zealand may offer some great opportunitie (oxy moronic statement or not) I’m not judging. But next year may be a different question.
cheers
brahms
If you don’t ask, the answer is no!!
Hi Ket
your post..Currently the IP in WA is negatively geared but would be interested in converting, if possible, to neutral or positive!
me too..please continue
cheers
brahms
If you don’t ask, the answer is no!!
HI iwsctws
I’ll just pop some modest answers into the body of you post.
Is it possible to find a suburb in Brisbane that is:
a) less than 45 minutes to the CBD?
yes, any suburb considered within the metro area meets this criteria
b) about 300K – 400K for a nice 4 Bedroom house on a minimum 800 Sqm block ?
800sqm, NO, hey, a quick answer is a good answer, otherwise doable
c) most important near good schools (very GOOD public high schools with great HSC results; am saving the private school fees to put down a deposit for the kids’ property investment????!!!!) At present i reckon i stay in an area of Sydney with the best public schools in the whole of NSW; glad to share info if anyone is interested!
Your call, a good school to me may not be a good school to you. Sorry no holding hands.
Would appreciate if anyone out there could provide names of 2-3 suburbs and names of schools
St Too good too true & St Must be Too Good Too Bee Truuuee
for goodness sake, hop on a plane, shout me a coffee and I’ll give you the low down, what do you expect off the net.
cheers
brahms
If you don’t ask, the answer is no!!
marisa, great post..if i was the zoning fairy i’d wave my wond and convert it from res A to commercial b and that would be it… you could then expect triple rental and a five year lease and enforceable 10 year option linked to cpi plus 10%. anything else before i sheath my wand…
cheers
brahms
If you don’t ask, the answer is no!!
45 minutes to cbd, oh,yeah stdney time, you will find what you need sub 15ks cbd in 4 weeks of looking, i’m a finance broker, i attend 4-5 auctions a weekend, and my clients are settling properties in this bracket all of the time.
however, 800sqm, look, if you want a farm you may need to look a bit further west.
cheers
brahms
If you don’t ask, the answer is no!!
thanks kay, i’m not so sure i’m a whizz kid, but, i can do the math – and more importantly, research well and back yourself – appreciate your reply.
cheers
brahms
If you don’t ask, the answer is no!!
Hi kay and gmh
without being overly nosey, kay would you mind awefully clarifying is the 6% a gross return on purchase price – or net of outgoings with or without a factoring for vacancy.
i feel its important to be able to benchmark a return, the fact that you feel the upside is definately in future appreciation is more than enough reason to purchase in a metro location.
how many times do you hear ‘you make your money when you buy’ – you know the drill.
cheers
brahms
If you don’t ask, the answer is no!!
Wilko, you said….
Anyway, back to the subject. If an advisor recommends a cetain institution, and can show you how much better the product is, what do you do?
Generally you will have formed an opinion of the advisor, if this is the person you wish to do business with, the next step is to simply sign your name (make a decision and move on to the next most important thing in your life, which i agree is real footy…afl)
cheers
brahms
If you don’t ask, the answer is no!!
why don’t you just look it up
ie. http://www.cannex.com.au or try a search engine
