Forum Replies Created
Should clarify, those figures in my previous post were rents per week, not sale prices.
I agree with jspri. The docklands is currently great for renters with fairly poor returns for owners. (This may change over time as supply dries up but at the moment its a renters market).
Brand new 1 bed apartments from $250 and 2 beds around $300+. Great area to rent I say..
Hi Jacquin,
I have heard a guy called Vaughan Carlin talk on asset protection (inc hybrid trusts, descretionary trusts, etc). He is very good. Can be contacted on 0438 828 676 or [email protected].
Good luck.
DannyHi All,
Yes we are still on for this Thursday night 14th at 7.00pm at 270 Auburn Rd, Hawthorn. (Jules, I know Craig’s email is playing up so maybe that was the problem).
Anyway, all are welcome and the speakers organised will discuss residential, commercial, construction finance as well as mezzanine finance. (Speaker is from IMB Commercial).
All welcome, please reply to this post if you are attending to confirm numbers.
Cheers
Danny
Thanks for the reply Kim,
In your opinion, are those fees for caretaking $9500 and body corp mgt $3500 reasonable given there the lack of extra facilities as mentioned above?
Cheers
DannyGood Real Estate Agents will always do well and won’t be looking to jump ship just because the boom is over. People always buy and sell, move to a bigger / smaller place, buy for first time , divorce, etc etc. Maybe those agents who got in during the boom to make a quick buck will now get out of real estate and do whatever. Just my opinion for what its worth..
Cheers
DannyHi Ron Burgundy (Loved you in The Anchorman too by the way!)
Not sure this would be such a great start if it is neutrally geared and has no chance for cap growth. I would personally go for either one or the other.
All the best.
Danny
Can you also ples let a novice like me know Foundation, how is the Real CG calculated on your table (second last column).
Thanks
D
Agree with Surreyhughes’ assertion of liong periods of stagnation followed by relatively quick bursts. The Melb Median Prices for the 90’s were as follows: (I know median stats can distort so please don’t howl me down [blush2]- I am a relative newcomer to the site!)
1990 – 147k
1991 – 142k
1992 – 136k
1993 – 145k
1994 – 146k
1995 – 145k
1996 – 153k
1997 – 170k
1998 – 198k
1999 – 208k
2000 – 222k
source: ABSMy point is the avg in 1990 was 147k and in 1996 was only 153k yet the burst came in a fairly quick time (was more after 2000). Also, I think you could pick a point in most 10 year gaps where sometimes they have less than doubled and other times where they have more than doubled. All depends on whether you are looking at a flat point, or before / after a boom.
Cheers
OK Thanks Terry.
Hypothetically, if Wizard did have an offset, then it would be a good move? (Maybe I will wait til next ip settlement in Sept and set one up then with different bank?)
Regards
DannyHi Guys,
As you are discussing the merits of loc v offset for ppor, I am hoping to pick your (Terry and Mortgage Adviser and any other finance guys..) brains on a similar matter.
I have an IP loan, a seperate IP to settle in Sept and rent where I live. I have spoken to Wizard (my ip loan) about setting up an offset account for the ip loan. I have some savings in a seperate bank account which I am told could be better used in an offset. This lump deposit could reduce my ip payments and still be accessed. Wizard told me this could be set up via a redraw facility.
Is this redraw a better way to go for the IP as it would reduce payments each month and still be accessible rather than having lump savings sitting in another bank account?? Any other advantaged / disadvantages of this??
Thank you in advance guys
Danny
Jules,
I think there is a link for the group under the section Heads Up for Sth East Melb Discussion Group which mentioned it. I will be sure to let you know of the next one.
Regards
DannyHi Jules,
The group is looking to meet on Sat 28 May at same venue as last time – 270 Auburn Rd, Hawthorn. Tony has organised a guest speaker on asset protection and different trust structures.
Cheers
Danny
