Originally posted by justme28:
on paper earns well short of the tax free threshold although he could afford to service the loan if that makes sense [wink]

Yes, I think I understand. [wink]

Originally posted by Terryw:
Your partner could get a No Doc or a Low Doc loan

Originally posted by wanelad:
We have a lender on our panel that will do a low…[Read more]

Currently, my partner and I are renting and are looking to buy in the later half of next year.
So, Foundation and Wealth-for-Life, what are your personal recommendations on for we and people in general should do (especially those who do believe that a correction is due).
Considering the forecasted views on the inevitable correction in the housing…[Read more]

I saw one for around $50k ~ 12 months ago. There was a rule that you couldn’t buy it unless you were a ratepayer in the shire… that may be a factor.

F. [cowboy2]

Point taken! [grad]

In future I’ll restrict my rabid, pompous, rambling and discourteous posts to threads originated by myself, and make pointed, polite, succinct, rational posts in others’.

F. [cowboy2]

Originally posted by L.A Aussie:
The Fed can’t put up rates too high as this will kill spending and investing. No spending means recession, but if they keep rates down, spending (on credit) continues, thus widening the gap between Assets and Liabilities even more.

This is the essence of the problem we have here. The RBA’s hands are tied. If…[Read more]

Originally posted by Wylie:
No it doesn’t clarify it really. I am talking well under $300K and also what happened to having a deposit?

If you save say $20K deposit and buy for $250K the loan is looking manageable. It is how I got on the ladder.

Wylie

Okay, so your $20k will cover stamp duty and buying costs on the $250k house, so you’d have…[Read more]

Originally posted by Wylie:
I am talking the Brisbane market here and if a first home buyer wanted to get into the market, I think they could still buy a unit or outer suburb house for well under $300K which is not 10 times average salary.

No, but it’s still about 8x the average income of a first-time-buyer… To comfortably afford a $300k PPOR…[Read more]

Originally posted by PropertyJim:
am on a limited way of $35000. My net income is $150 a week after expenses.

No offence Jim, but if you only have $150pw after expenses, I strongly suggest you examine your expenses. Paying through the nose for an expensive mobile phone and broadband habit, have an enormous car loan, credit card debts or some…[Read more]

Originally posted by CanAm:
people will hate paying high rent so they’ll look for their own place so the ol’ supply n demand thing will come back into play and property prices could rise again – win win really

I suspect there’s an element of truth to that. Inflation expectations lead inflation. Do you see that this cycle will inevitably fail…[Read more]

Originally posted by PropertyVirgin:
the owner wants to add the rent to the final payment so as not to compromise his pension.
Any thoughts would be really appreciated

Just 1 thought. Avoid shady deals. That means that you’ll need to inform the bank that the property price has been inflated by 6 months worth of rent, otherwise it’s a shady…[Read more]

Originally posted by gmh454:
Had a chat with property investor clients who asked what is actually going on, with the “Rental shortage” as their two bed unit at Pendle Hill is on around $260 per week, and stuck at that price.

Think there is still a lot of vested interest hype.

Yup. Did you catch Media Watch last…[Read more]

Originally posted by Wylie:
The answer is that this upcoming house buying generation will have to save like mad, don’t spend on “stuff” and buy a small, crappy house which they may renovate and make do with until they can move to the next rung of the ladder.

Why go to all that struggle? Sure, a modest deposit will help, but by simply waiting, the…[Read more]

Nigerian Spam? Mmmm…. I’ll take three.

Originally posted by kp:
Bugger!
It looks like some of the topics you are targetting are a bit sensationalistic, which is unfortunate.
Distressed sellers, negative equity, etc…
Is this what the viewing audience wants to see ?

Umm, yes.

F. [cowboy2]

Hi Lozjas,

I’m a bit confused by the issue/s here. I’ve done a similar thing to you recently where we got a builder to build to a bit past lockup, then finished the internals, fitout, plastering, painting, bathrooms, kitchen, plumbing and electricals as owner builder in Victoria. We faced a myriad of difficulties, bureaucratic inefficiency and…[Read more]

Originally posted by ctaing:
Hi all

Just quoting Michael McNamara
<snip>
I believe his explanations should relief some concerns

I discussed this article briefly with Mr M over on cracker…
http://cracker.com.au/viewthread.aspx?threadid=168144&categoryid=11061&pg=2

He made some qualifications, particularly of the areas you quoted.

Cheers,…[Read more]

Originally posted by Cherry Pro:
Should we continue to hold even though it is costing us around $8000 p.a. or should we take a loss of $120,000 and move on ?

A friend of a friend was recently in a similar situation. He was amazed to discover he didn’t even have the second option. The bank refused to let him sell his unit unless he could provide…[Read more]

I don’t think anyone has yet mentioned the #1 reason why the flat side should face up – the reeded side is so uncomfortable as to be almost impossible to stand on barefooted, and if you can’t go barefoot on your deck, then where?

F.[cowboy2]

Originally posted by splosh:
You could simply…

[stun]

Simply? Wayne’s a lucky bloke if he has a lazy $225,000 sitting around that he can plonk into his loan!

You could sell the house, take the $16,000+ per year it is currently costing you in interest payments, rates, insurance, property management fees, maintanance etc, stick it in an online savings account and after three years you would have ‘earnt’ (saved + interest) over $50,000. This would continue to grow, providing positive cashflow each and…[Read more]