Hi Andrew.

Just a gentle reminder, and to bring this thread back to top of mind!

Cheers[]

Suggest General Discussion Forum has a number of sub-forums with titles such as “where are property prices going”, “legal structure for purchasing IPs””Which areas are hot” etc.

This would make it easier to follow threads as they would mainly be in one forum. At the moment the general forum is all over the place and the same type of threads are…[Read more]

I’ve noticed in the Forum of late, that emotion and invective seems to be replacing reasoned, rational debate and information.

My view is that you are bound by your agreements, whether they work in your favour or not. Its an integrity issue.

Cheers[]

I’m always amazed at the reaction by Aussies and Kiwis to Network Marketing. Network Marketing is just another method of product distribution which relies on word-of-mouth referral (ie. person to person) rather than through normal retail distribution.

Unlike pyramid schemes (which are scams and illegal) many do offer hard working people good…[Read more]

The question I continually ask myself is – “Where is the opportunity right now, that most people are not seeing?” That is what Steve and Dave did.

If the herd are charging into investment properties, then maybe the opportunity lies elsewhere. Where are people not investing, is there a good reason or is it just ‘against the trend’.

We just need…[Read more]

Aussie citizens can live and work in NZ indefinitely without any visa requirement etc.as well as utilise the Public Health System (no Medicare in NZ altho’ prescriptions are subsidised). They can’t get any benefits (such as dole) unless they apply for and receive permanent residence, and then there is a waiting period.

Income tax in NZ is lower,…[Read more]

The above link to the BIS Shrapnel report was very interesting. They may be right, but then again???

I am just making the point that caution should be the operative word. If you see a good property investment, do the numbers, if they work buy by all means.

But, like Crashy, I would tend to put surplus cash into equity markets right now. A low…[Read more]

Hi Aaron.

You can’t really blame people who utilise a facility that they are legally entitled to use (such as the FHOG). If blame is to be laid, it should be at the feet of those who wordsmithed the grant legislation.

Incidentally I have anecdotal evidence of young children of Aussie home owners purchasing property (presumably with suitable…[Read more]

Hi Johnny.

One of the reasons I know that there are professional RE agents, who do act with integrity, is because my wife is one. She is rapidly building an excellent reputation in the Redlands shire because of the fact that she is focused on the needs of the vendor and the purchaser, rather than her commission cheque.

In the final analysis this…[Read more]

Hi Sooshie.

Sorry, I don’t get it. From your example he would seem to have mortgaged the property for more than its full valuation, unless he had paid down some of the principle on the earlier mortgages?

As all mortgages interests are noted on the title, how did he manage this? The mortgages may be from different banks, but they will have each…[Read more]

Couldn’t help myself, have to say something on saving for retirement.

I agree with Alf. The greatest impediment to people creating wealth and being able to fund their old age is the tax system. The current tax system in Australia is designed to suck as much money out of income earners as possible – not just to fund necessary services such as…[Read more]

Hi Johnny.

To answer one of your questions, a Real Estate Agent is an agent for the vendor. It is the vendor who pays their fee/commission out of their proceeds from the sale.

That said, professional agents, and there are some, will work to achieve a good outcome for both vendor and purchaser. However it is not possible to get the highest price…[Read more]

Hi Guys.

Business Consultant and Coach. Until 12 months ago ran a small to medium size financial institution.
Have invested in Real Estate for last 20 years but keep moving countries which doesn’t help!

Cheers[]

DantheMan not sure I follow your comment about a new property depreciating like a new car? Cars generally depreciate down to nil value (unless it becomes a classic).

Any reduction due to a new property, fixtures and fittings etc. no longer being new, will generally be more than offset by the more established garden, rise in land value, building…[Read more]

The Pest Inspector may only have spent 5 minutes in the roof but while he was with your neighbour he couldn’t be elsewhere earning money – so given there is probably a minimum callout charge it was probably $120-$130 + cost of bait traps?

Analogy – Power Station stopped working, nobody could find problem. Expert called in – he looked around then…[Read more]

Hi Andrew.

Are you able to give an update on a Brisbane meeting? It would seem from the postings that there is a lot of support for one.

Cheers[]

MiniMogul I read the above with interest and I take the point about the landlord benefiting more than the tenant.

However, given government is reducing its contribution to low-cost housing for low income earners how can such housing be provided?

In order to charge an affordable rent, the prerequisites are that you, as owner, have purchased a…[Read more]

There goes the neighbourhood!

Cheers[]

I’m with Crashy on this one.

He is putting forward facts, coupled with his opinion. Its a literal truth that Doomsayers speak prior to markets falling otherwise they wouldn’t be doomsayers!

Everything moves in cycles, all the indicators suggest the Aussie property boom is at, or near its peak.

The saying is that when your next door neighbour…[Read more]

My RE buddies are buddies first and RE agents second, so they share the truth behind the BS when we chat. They are all saying interstate investment into Qld is still very strong.

How long that will last is anybody’s guess.

What are the views on the negative article on wraps in the Aussie Property Investor?

Cheers[]