Nice job Shame they aren’t in Sydney am going to need 2 kitchen replacements in next 12-18 months.

Does anyone think the $A is still going to be lower than $US in 2022…….seems for someone to be buying in today will be taking upside risk of the $A rising between 2016-2022.

Interesting no more purchases in Tx….you would think given headroom of 7 years that Oil will be up between now and there and give you a good capital return.

Agree Benny, this whole APRA 10% investor limit is being used as a rort by the banks to push up their profit margins.

$2.5k for the cabinets only or $2.5k for everything inc backsplash/appliances/installation etc?

Tell them to you intend to close and have instructed your solicitor to do so and if they fail to comply you’ll be seeking legal advice.

Probably hoping you are going to go away etc.

Be sure to update us with the outcome 

I always pay more for higher floors (basically more light).

Some people don’t like stairs, having said that I live on the 4th floor and never have an issue with stairs.

Bullshit. 30 year is around 4%.

I live in NY….and I could never imagine buying an investment here.

Not to doubt you but based on what I know very hard to find CF+ property in good areas (I live in Brooklyn heights now but have in the pas lived in Harlem, UES etc)

So terry, is there no “retribution” if the bank finds out you are lying?

I agree with you about the tax implications and in the past it didn’t really matter…..but with the spreads due to apra….are you sure you can get away with lying to the bank?

Well that’s just silly….which idiot wrote that rule, it would be like saying a SMSF can only buy 1 stock……

Yep Richard,

Like always you are the voice of wisdom….and what the press writes about and reality totally different.

Your comments make total sense, particularly renovation costs being counted as contributions which is what I wrote/initially thought. Curious though why a SMSF couldnt do a subdivision or “change the property to get he best…[Read more]

sure why not, as long as your equity was high enough the loans could self service.

Sharko…… your page links to a site pimping the course….are you a related entity?

seems you also run a facebook page….also marketing the course….?

I’ve been surprised how much the USA financial talking heads have been commenting that Yellen might push off the September 0.25% rise until December (or later), is it concerning to anyone else that the market feels so week that a 4% devaluation in the Yuan is such a big deal….eg. is the economy more in the toilet than us mere mortals are being led…[Read more]