Bump $4.99 + postage…….that’s as low as i’ll go otherwise better to keep it on my bookshelf.

@Captain,
10k in expenses – power/phone/transport/clothing/incidentals etc
10k in food – maybe including a restaurant trip once or twice a month etc but not much more
10k in luxuries eg a new tv or holiday or some around the house renovations etc once a year

trust me that 30k isn’t going to go far……better get investing/saving now as to buy a…[Read more]

Booo @StGeorgeBank I just noticed they didn’t pass on the FULL 0.25% RBA rate cut and instead only dropped rates 0.2%

Well that sucks.

– https://www.stgeorge.com.au/about/media/news/SGB-News-Article-589

One of my IP’s did this recently, there was an 8 week changeover period but basically if unhappy with strata….change to another one.

I think you’ll still need additional landlords insurance……just a fyi.

Apart from that 7% is a good roi……after expenses but before interest.

Keep in mind I have NO IDEA what a Quest apartment is.

The worse part about it is how the government is manically trying to inflate asset prices to dig themselves out of debt which causes ‘asset rich’ retirees who realistically have “saved their entire lives” only to find no pension there for them in retirement.

you need a hell of a lot more than $30k a year to retire on.

but do you know if it was retroactive across all properties or only new purchases (obviously the govt doesn’t have to follow the same route but might give guidance).

Aren’t you worried that the base purchase price will go up another 10-20% in the meantime from today, eg i don’t see a RBA rise happening for 18-20 months, if I waited for “the pullback” the purchase price may fall 15-20% but that still means I’m taking the risk of paying 5% more than I am today.

…..and there is the risk the pullback never hap…[Read more]

Hi Jessie never heard of ti but WAS interested in their landlords insurance link http://www.rentcover.com.au
Way cheaper than nrma

@Captain, if inflation ‘was’ from growth (either population increases OR technological productivity increases) then I would say that yes inflation is healthy (eg we are making more therefor M1 goes up).

However quantitative easing (and or artificially low interest rates) to induce inflation is not healthy.

@Cattleya,

Governments are using a number of financial tools to actively accelerate inflation.

If you believe inflation is healthy…..then you’re wrong but I wish you well.
If you believe inflation is currently 2-3%……then please seek medical help :)

@Richard do you know what sort of discounts are available on the 3/5 year fixed for multiple properties off the 3.99 and 4.39 quoted?

Not that much less than we are currently getting from St George after all their published and unpublished discounts are applied.