I tend to agree about all these analysts predictions. The old saying always seems to hold true…If these guys know so much about economic trends and what the future holds why are they working as analysts?

I’ll also subscribe to the ‘Today Tonight’ theory. Forget about the fundamentals just find out what the crowds are up to and adjust investment…[Read more]

You should go, it will show you’re not intimidated. You should really make him feel uncomfortable. If you’re worried take someone with you and act like a real bitch.

I’d love to help you out but I’m in court on Friday for making threats to kill…[satan]

As for his mother, she probably wants to move in so she can help with the rent, or she could…[Read more]

Hi Sledge,

Hope you haven’t gone yet but deciding between 8% guaranteed or 40% of rental revenue sounds like a game of two-up with a residential real estate twist.

If you’re not affiliated I would steer clear.

Great stuff!

Awesome post [thumbsupanim]

That really all depends on what you want to get out of your invstments. You could invest in blue chip areas like Surfers or inner Brisbane or you could go the other way and invest in really cheap places because they might have the most scope for growth.

You could invest a million different ways in SE Qld. so it’s really about what you can do at…[Read more]

Yeah, it’s been on there for a little while now. All I need now is a few town names in NZ, I’ve heard of Auckland but which friggin’ island is that on?

Besides there are a few spotters over there turning up good deals, I suppose you could now check the NZ listings to see if they’re trying to rip you off![wink]

It would be nice if interest rates were going to come down, but I cant see it. Imagine the message that would be sent out to all those credit addicts in Australia.

The down market presenting a buying opportunity, who knows, but I’d rather wait a little while longer after it’s come down more and get an even better bargain.

As a subscriber to BRW…[Read more]

I agree with resiwealth, all these stories and articles on the cycle and what will or want happen is making my head spin.

I just hope what’s going to happen will just bloody happen, so I can continue to watch from the sidelines and stay broke[biggrin]

I believe that if the annual returns of the property can cover all of the annual expenses then it’s cashflow positive.

I regard acquisition costs as a necessary evil, and dont take this into account regarding positive cashflow.

In my opinion I’d buy the house, but it really comes down to what you prefer and wish to achieve, investing wise.

I’d buy an investment property, before paying off the mortgage. I know plenty of people who were going to pay off the house first before investing and then subsequently missed the housing boom. By playing it too safe, they made sure…[Read more]

These types of properties where you said are overpriced. They’re all negaively geared and the body corp and rates that are charged on these types of places will hurt even more.

If you think it’s the wrong time in the cycle for you then it is. Dont invest just for the sake of investing or because you can.

Seems like you’re in a pretty good financial position, so you should leap in when the time is right for you, not because everyone else is doing it. Besides, if you waited a little while longer, you’d be in a even…[Read more]

PPOR translates into principal place of residence. This is the house you live in that you own.

Unless you are specifically wanting to sell it to someone overseas, like a friend or relative, why bother with the hassle, just sell it to someone else. If they want it bad enough they can do the running around.

Thanks for all the interesting, thoughtful replies. It is a personal decision as to which way to go, either direction has very valid points.

I suppose you could buy a PPOR first up and have all the benefits of being in your own place, or you could just rent and give your investing a leg-up. Of couse it’s not always so expensive to buy, in…[Read more]

If you sell within 12 months of buying the property, you will not get a Capital Gains discount (if there is one.)

It would be worth your while, if you can, to sell the property, if you have to, after 12 months.

I’ve heard of people using ‘hired muscle’ to get the tenants on their way. Not breaking legs or anything but just putting the fear of god into them. You’d be surprised how many people would be willing to do this for you for a nominal fee.

Also a friend of mine who had a flat mate in a share situation, simply changed the locks when they were out…[Read more]

Why don you just cash out and sit on the money for a while? I’ve heard the UK market has stopped in it’s tracks and Perth and Melb probably aren’t going to do much for a while.

Do you need to add to your portfolio now, I believe if you wait a while your money will go a lot further than it will today. You come across as someone who probably…[Read more]

Altered, because I completely stuffed the answer up, oops…[withstupid]

Thanks Dazzling

A lot of these properties meet the 11 second solution, however, body corporate and council rates can easily obliterate any positive cashflows, especially in the Cairns market.

I’ve seen similar properties like this in Cairns where just your body corp and council rates eat two thirds of your annual rent! Let alone any management fees.

If you do…[Read more]