Allan,

Good post but I don’t see how anyone could possibly answer such a general question as ;

“What do you think of the Australian property market at the moment.”

It’s such a broad and varied beast you couldn’t possibly give a specific answer.

I’d try and respond by saying the Sydney residential market is probably down or patchy after a…[Read more]

G7,

“Apart from the freedom to do what you want in your own place etc.”….WOW…that’s a pretty big exclusion !!!

Many people have literally died for a chance at that freedom, I think it’s a bit non-sensical to exclude it.

That alone should be enough, but if you need more ;
1. CGT free environment
2. Opportunity to potter in the garden and add…[Read more]

Simon,

You’re absolutely right, and if it didn’t cost so much time and money (lost rent being the biggest, but also holding costs and legal fees and massages to relieve the stress of it all) that’s exactly what I would have written as a reply.

I suppose I was asking – other than legal means – what has worked for Landlords in the past.

Perhaps…[Read more]

Oops just playing!

OK…having another crack at it…looks like it worked in the preview – yay…

I think multiple quotes and the links better be for another day…my brain hurts ??

Thanks TMA…

Cheers G7,

Yeah, I’ve heard of that – that’s what prompted me to ask the question…haven’t had to need that service yet, but may well do in the future if the situation calls for it. Some people simply do not respond to reason / phone calls / or legal letters, which negates the solicitors instantly…especially if the tenants are illiterate.

I…[Read more]

G7,

I think depreciation does have quite a bit to do with the CGT. That’s why all of these investors claiming buku depreciation on brand spanking new apartments and the like are strongly advised never to sell by certain organisations.

When you sell, all of the ‘good’ from depreciating assets is literally taken away. That’s why lots of…[Read more]

Nope….didn’t work…???

Very frustrating….I just quoted the ‘Try it out on this thread..but it took the whole thing for some reason ??

Originally posted by The Mortgage Adviser:
There is a ‘QUOTE’ button at the bottom of every post. If you press it, a window will open up with the message contained in HTML code. You type your message below this and your signature is automatically attached when you submit your reply.

It gets very annoying if you press quote and reprint the whole…[Read more]

Cheers Simon,

I have no understanding as to the job you do or the challenges you face…I imagine it would be daunting with a 24 hour site and so many different forums.

As for posting links and quotes…we’ll I’m just not quite up to speed with all that “hi-teka-nojikal” whizz-bangery. No can do…[blink]

Could someone be so kind as to step me…[Read more]

Depends entirely on the lease governing the relationship between Lessor and Lessee.

The best ones in terms of no outlay for the Lessor I’ve seen have the Lessee (tenant) paying the following – on top of the normal rent & applicable GST ;

Council rates
Water rates
Land Tax (usually limited to a single lot holding)
Comprehensive Insurance
All…[Read more]

F,

Must be true if all of those very highly respected Economists say so…and if it’s in the newspaper then that’s the clincher.

Can I now drop my Due Diligence procedures and jump right in again ??

Cheers,

Dazzling

“No point having a cake if you can’t eat it.”

I’d use 30K of it to go and purchase a small 100K comm. prop that was +CF with a secure tenant.

I’d use 10K for acquisition costs and a small cash buffer left over…let it sit and gather interest – this is you safety buffer..

Then I’d zip off around the world with the remaining 10K, and have the time of my life.

Cheers,

Dazzling

“No point…[Read more]

Sorry folks,

The 4th and final hoof of the IFHL nag has just entered the glue factory…Game Over. [biggrin]

Happy to offer an opinion that may be useful to you, but I woud need to be provided with way more information.

Total outgoings ??
Length of current lease ??
Stability of tenants ??
Cap growth of prop over past 10 years ??
Your expectations of cap growth over next 10 years ??

Just for starters…

If you are interested, post way more…[Read more]

Always good for a laugh F…

On the last line of your last post, I believe after the word ‘all’, you need to insert the words “have the”.

Wow Rob – that’s pretty strong stuff…

The question was a pretty general crystal ball gazing / pondering exercise.

I wonder about the two following aspects to your reply ;

1. Why do you believe your crystal ball is any more accurate than anyone else’s ??
2. What do you base such strong opinions upon, how many decades have you been investing…[Read more]

I admire your feeble optimism flogging this ‘dead horse’ when pitted against such unprecedented, united, overwhelmingly massive financial forces.

An old horse trainer once told me “The race is not always won by the strongest or fastest, but that’s the way to bet…”

The IFHL is metaphorically a knackered old nag with 3 hooves already inside the…[Read more]

I’ve only ever remarked once about Derivex – or any other organisation that may pop up from time to time extolling the virtues of IFHL.

My comment then was that organisations collectively worth ~ $ 1 Trillion, yes with a T, namely the big four banks plus the also rans in the industry who have it sown up…simply will not allow some pip squeak…[Read more]

Kay,

To use a dreadful American expression – I’ve gone and “figured”…

I think the scoop with older money is that they have had time to get used to it, what it can do and what it can’t…they are just more accustomed to it…and so don’t carry on like pork chops when it comes to wealth.

Another thing about old money, they’ve likely inherited a…[Read more]

‘Reality is seldom captured by glib, obtuse one liners from supposedly successful life-coaches’ ……..Dazzling