well MR HG wells you are a nice piece of work.  sorry buddy but you are one major &%^#.  You mention that you found your property based on insights given in this forum whereby otherpeople have shared their knownledge and insights and then you highlight the fact that you are not going to share information in return.Well what goes around comes around.

sorry but i think its too simplistic.  I came up with a very high wealth score, but i definately dont feel wealthy.  I think a better way would have been to divide the net investment asset by 20 and then compared to your income.

just make sure its the right one, there is another book called something like 'millionaire property investors secrets exposed'.  While it has one chapter on michael yardley, there are a number of chapters on some other so called property investors, who if you do a google search on them, might be shonkey in their business practices.Personally i…[Read more]

Sorry but this sound absolutely crazy.  Its just like the adjustable rates mortgage situation in the USA, where people signed up for teaser loans of a couple of per cent only to find out that two years later the interest rate skyrocketed.In this environment if you cannot afford a decent deposit STAY away.  The market is at historical highs, h…[Read more]

Heres another article from the australian:http://www.theaustralian.news.com.au/story/0,25197,22240105-643,00.htmlLOW-DOC lender Bluestone has cited the US mortgage crisis as the reason for its move to hike lending rates by up to 0.8 per cent, predicting the nation's big four banks will have to do the same.Bluestone is the first local home lender…[Read more]

Here is an part of an article from a link in propertyinvesting.com;s in the news:http://www.news.com.au/heraldsun/story/0,21985,22247779-661,00.html?from=public_rssThe crisis in the markets for commercial paper and mortgage-backed securities is hurting non-bank lenders, many of whom have been passing on rate rises last week that are above the…[Read more]

sorry typo, last paragraph should read ….. many inexperience investors who have NOT hedged against financing risk, will be exposed and burnt

The banks will take reposession if you cannot offord to refinance under the conditions of the market at the time of refinancing.  Lets look at a few hypothetical situations if there is a credit crunchSituation 1) Buyers of securitised asset products demand a 20% equity posession in a property otherwise they will not buy the paperSituation 2) B…[Read more]

 dont want to sound like a scare monger, but i think you need to be VERY careful at the moment.  Especially if applying for lo doc loans.  With the current sub prime mortgage crisis you could find yourself in a LOT of TROUBLE in the months to come.  One hypothetical situation (and yes at the moment its only hypothetical) is that if the current cre…[Read more]

I recently bought 3 investment properties early this year.  However i bought them because of an arbitrage situation where i basically make a nearly guaranteed minimum return of 20% p.a return on investment.  In a nut shell, CBD melbourne residential property was in a pretty bad slump after 2003, with everyone including banks shunning the area be…[Read more]

I dont want to sound like a scare monger, but i think you need to be VERY careful at the moment.  Especially if applying for lo doc loans.  With the current sub prime mortgage crisis you could find yourself in a LOT of TROUBLE in the months to come.  One hypothetical situation (and yes at the moment its only hypothetical) is that if the current cr…[Read more]

Sorry should have given more information. I live in Victoria.  I own a few apartments as investment properties under a trust structure, all purchased earlier this year before the market skyrocketed.  However i am concerned what my land tax bill will be.  Thats why i am trying to get an idea upfront before i get hit for it in 2008.Any ideas out th…[Read more]

can someone tell me, is the site value the amount used when calculating land tax?  I just bought a couple of IP, but have just been told about land tax on the land value of the IP. How do i find out what is the 'land value'? Help appreciated.