Hi Ashley,Your are entirely correct – for those who are trying to time their entry (or re-entry) into the market it is too early to tell yet.On the other hand those who have a more long term view, and can wear a flattish period, the time is probably pretty close to right. PS like  the comment about 'sound bites' – trouble is that is where our (&…[Read more]

Assuming your username relfects where you live.The first thing I would do if I was in your situation is go and see a broker. Jamie M is in the ACT – you can get a feel for Jamie by his comments on  this forum. Recommend you do a search by username and see what you think.Your third post has a lot of 'IFs' in it. Until you definitive answers to…[Read more]

Derek wrote:
I wonder if the apparent brickwall and reluctance PIPA seems to faced with is because the FPA is in Shorten's (?) other ear and making more noise.

I should clarify that – I don't for one minute underestimate or demean the efforts of those people in PIPA and PIAA but rather the comment is more a reflection of how 'easier' it is for…[Read more]

Hi Kevin,This issue has been a thorn in Margaret's side for quite a while now and kudos to her and the other people in PIPA and PIAA who are endeavouring to get some regulation into the property advisory marketplace. Be great if the two organisations could combine forces and realise their common goal.I was recently in discussion with a Financial…[Read more]

KevinTurner wrote:
However, the period of time to save for a 20% deposit varies between states. Using average incomes and house prices, in the Northern Territorty it takes them 4.6 years. Victorian 4.4 years, NSW 4.3years, Queensland 3.9 years, South Australia 3.7 years and Tasmania 3.4 years.

No love for WA Kevin? Be interested in that…[Read more]

johann22 wrote:
lol like what i am going through with my bussiness i have looked at so many options for banking and i cant do anything about it.

Hi Johann,Sometimes the solution is staring you straight in the face.Thought of getting another (trusted, experienced) set of eyes to look over things. Might be worth a go.

luke86 wrote:
If your accountant has told you it is best to pay off your investment property while still having money owing on your PPOR then it is time to get a new accountant. I don't mean to be rude but getting bad advice like this can cost you lots of money in the long run.Luke

Good pick up Luke. Sonny, your accountant's recommendations in…[Read more]

Hi Sonny,Many investors do use the I/O strategy for the reasons mentioned above + it also improves their cashflow situation. In the example above by $200/month. If this suits your situation yes it would be advisable to coonvert your loans, where possible, to interest only loans. Just be aware that some lenders may need/want to doa full…[Read more]

GetRichOrDieTrying wrote:
1.  Can you tell me why is it more tax effective to put more money into home instead of the commercial property?2.  Yes thank you for asking as I've forgot to include this in my initial post.  We plan to buy a bigger house which SHOULD be our then final PPOR which we might also rent out the place we are staying at th…[Read more]

First thing I would do is convert commercial property to I/O and (because you want to pay things off) put the money you save into your own home. This will have a similar net effect but is more tax effective. Are there any plans to buy a 'bigger, better' home elsewhere? The answer to this also has some bearing on which way you approach things at…[Read more]

Henry Adams wrote:
1.Does anyone here know how does Interest only loan works ? When should I pay it off ? should I wait until the property price is equal or the same value as the loan value ? 2. my scenarios is with my home which is now has become investment property it seems that when I combined the IO loan with Line of Credit (LOC) + Credit…[Read more]

bouncecf wrote:
My partner and I are building in South Hedland WA  with a look to it being an IP in about 2 yrs. I'm not really sure about Newman – from reading the local papers seems to be a good market there too but I'm no expert. In my (limited) experience it seems like mining towns can prove very lucrative but you have to get in at the…[Read more]

Hi SImky,It sounds as if your mother is reasonable 'nick' so it is possible she may be around for a while (hopefully so of course) – this may present some problems for you as some people are really tied to the family home and she may be reluctant to move out ahead of schedule. Of course it is possible you may be able to come to some arrangement…[Read more]

Hi Simky,I think you need to step back first.At the moment your focus seems to be on this block and the possibilities/options it may provide. Now the options in themselves may be quite reasonable BUT what about the bigger picture. What sort of area is the property in from an investment/property values/economic point of view? You will need to be…[Read more]

Hi Dilmah,This is a windfall which, if used wisely, can kick start the rest of your life. Its about 6 months or so before the inheritance is due so I would advise you spend time working out what you want to do. Key question is – what do you want to achieve? Once the destination is known the pathway becomes more evident. In determining the…[Read more]

Jenzze wrote:
Postcodes – 4717, 4474 and alike – probably no surpises there.

The google meter just went off the scale for postcodes 4717 etcNot a broker so I cannot contribute anything meaningful. Just my poort attempt at Saturday morning humour.

Kevin makes a really good point about the need for the property to still be a fundamentally solid investment. Twin growth and cashflow drivers are required for long term success and simply buying a property because it is cashflow positive without also having capacity for increases in value through economic, planning or fundamental reasons is not,…[Read more]

johann22 wrote:
The bank said your not going down you just need to manage the cash flow better.

Hi Johann,This comment, along with your following comments, caught my eye.It seems as the bank believes what you have is sound and sustainable. I wonder if you woudln't also benefit by an appointment with small business advisory service, banks…[Read more]

Which state?In WA contract (offer and acceptance) requires breakdown of ownership to be shown at time offer is submitted.

Just extracted some more pertinent points for further discussion.

ALF1 wrote:
Investing without fear The most common factor from both novice and experienced property investors is that most investors experience fear at some point or another. 2) Risk. Fear: supporting an investment property if you lose your job You need a ‘rainy day’ reserv…[Read more]