@Jason, what I don’t understand is what are the ramifications when they start to “put rates back up”

Are Sydneysiders really ready for what happens when the sums no longer work out?

If you see sale prices in your area have gone up 5% in a year……then rents be default should have the same movement. I never understand why landlords aren’t on top of this.

you may just sneak into the money if we have a really bad 2 years in 2015/16 however look at it this way……how much is it worth to you to know your rate can NEVER go up for the next 5 years while you pay down your loan/earn equity

That’s got to be worth something. :)

So what was the outcome…..enquiring minds want to know…..did the vendor deliver vacant possession
or
did you sue them for costs for not delivering as per contract
or
did you screw up and assume vacant possession and not include it as a condition of deposit in your offer?

Yep and Steve says the same thing in his 0 to 260+ properties book…….the numbers in there are way way too rubbery to take at face value which is why I wrote the amazon review I did – http://amzn.to/1BttN87

Don’t get me wrong I still think people should get serious about their future and invest more than they do HOWEVER I’m surprised no one…[Read more]

@JacM sure but cashflow+ properties could also have rental issues…..saying that cashflow- properties cant be relied on for capital growth is the same thing.

The issue I have with Steves book is that when doing the sums there is a total willful ignorance of inflation, yes deflation can and does happen…..but odds are over time inflation is the…[Read more]

We signed up for our 2nd IP to a 4.79% 3 year fixed for $665k in October last year on a portfolio loan which I noticed if we signed today is now down to 4.64% but a 5 year fixed down to 4.64% is great.

St George obviously believe standard variables are going to drop lower than the 4.74% they are currently charging for variable portfolio loans…[Read more]

Where are you located? I have a copy of “0 to 260+ Properties in 7 years” for sale for $10 + postage from NY…..though you might want to read my amazon review first… – http://amzn.to/1BttN87

Its “ok” but for a second book I would have thought more attention would be paid to editing and critical review on the numbers…….

Good idea and deserves is own heading

RBA and the money markets seem to think otherwise at the moment.

Uhm We’re at record Dow 18,000 levels, Sydney property due to go up 10-15% this year. Apartment in NY sold for $100m (now talking about one in the Sony building listing for $150m).

The USA fed feels no need to stop throwing fuel on the fire and Europe about to start their own QE so…[Read more]

@Rick Sta, I agree…..most people don’t understand that inflation is GOVERNMENTAL THEFT. Its hilarious to me when people run around saying look how much my property went up in value…..no you idiot that’s how much the government has stoel from your wallet while you were watching tv……

@Don, what domestic matters are you seeing thats propping up the $A, I thought we would Have been closer to $US1 to $A1.30 by now but seems stuck in the $A1.28 range for the last few days…..should have bought when it hit 1.30 last week  though I have a feeling closer to the end of the week Greece is going to “cause turmoil” again before it gets…[Read more]

Do you think we’re going to go into an inflationary period in Australian property?

(or rather do you think we’re going to go into an even more inflationary period than we’re already in?…..)

If you can put up with their back end admin Suncorp on loans submitted before the 20/2 are at 4.49%.

Hi Richard, whats wrong with Suncorp?

I checked their site however and it looks like our loan would be 4.79% not 4.49%

Standard Variable (SVR) & Access Equity (LOC)
Home Lending $750,000 and above
Borrowings 70% to <=80% of property value…[Read more]